As it is, we have scheduled another meeting this Sunday again after the Sunday service. And if he is serious I will invest for him but I prefer the long term but as a age man, really he needs an investment that can brings feed to his table daily and that is why he was insisting on the short term investment buy that cannot do him anything base on the volatile nature of Bitcoin.
Your input can help this man through me.
A few months deadline is not a retirement investment. Also he is considering short term investments to get quick profit because he still needs the money for his daily necessities which only means that his money is not perfect for Bitcoin investments since it’s volatility. It can go down any moment which means there’s a high risk that his investment is at loss even he use DCA since he plans to do it short term.
I think you better pass on this offer because the money he is using is an amount he can’t afford to lose. Much better to use part of it and allocate money that has no use on Bitcoin investment.
Retirement investments should be done when he is using not during the time when he will retired.