Quote from: Fuso.hp on May 31, 2023, 05:15:03 PM

I don't know how I make decisions as a boy.
My father is a military man. He has served in this military sector for 25 years. His term of service is almost at an end. After two months he was going to retire from the job. He will get retirement pension after his service life in the military sector and he has many plans based on this retirement pension.
His first dream is to build a house with this retirement money. But right now in my country all the materials needed to build a house are very expensive so building a house right now can't be a good decision. And I don't feel safe keeping his pension money in the bank because earlier there was inflation in my country where some banks went bankrupt.
So right now I am not able to give him any proper advice as a boy. But one thing I've been wondering for a few days is if I invest half of my father's retirement allowance in Bitcoin, am I doing something wrong?
I feel like if I invest half the amount in Bitcoin for a year after receiving his retirement allowance, I might be able to hand over more money to my dad at the end of the year.
Hope I get proper advice from you.

I think you're not wrong in trying to make more money for your Dad, but the thing is you should risk investing your Dad's money without his decision, first he needs to be aware of your decision and also know the risk one benefits of investing in cryptocurrencies before he gives his decision to make such investment, the volatility of bitcoin makes it difficult for it's price to be predictable so if your idea of investing in it is for a short term goal, then you should take such risk to avoid regretting, in a case where you're thinking of a long term investment and your Dad would be willing to wait for a long time before using his money then it's a good idea to buy and hold bitcoin currently and wait for the next bull run by 2024, I hope you're aware of the next bitcoin halving so now it the actual time to buy and hodl btc and prepare for the next halving where you can get ×10 of your dad's pension and sell when the price of bitcoin goes high.
Or if you're scared of taking the risk of investing your Dad's money in btc due to it volatility, there are other commodities you could invest on, like Gold, though the price doesn't appreciate very high like btc, but it's price doesn't depreciate and it appreciate gradually over time.