Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
SmartCharpa
on 04/05/2025, 12:21:34 UTC
Taking money from his parents and investing in Bitcoin will not always be the right move. If the money taken from your parents is never to be accounted for or if it is given to you for life, then it may be right to invest with that money. But if the money taken from your parents has to be returned someday, then that will also be included in the loan and investing with a loan will not be the right thing to do. Even if your parents have to give a little accountability for that money, it may be better to discuss it with your parents before investing with that money. In this case, your parents should also be prepared to lose that money. Because you have to be careful, so that there is no problem in your family about this issue.

In my opinion, there is nothing wrong with taking money from your parents and investing in Bitcoin if your parents are educated about it and believe it is worth it. We cannot just take money from our parents and invest without informing them about the risks involved, it isn't all the parents who are not educated and assume that investing in Bitcoin would result in scams, though it is not advisable to invest with another person's money because if they need money and ask you for money back, you may sell your holding at a loss, but in the case of investing our parents money, we can tell them that the investment we are about to make is a long-term journey, it is not the type of investment we can do for 1 year and then sell, which I am sure many parents will understand. Some parents, on the other hand, are also searching for an investment that they can make for the future of their children. If you share a lot of information about how Bitcoin operates, I think some parents won't hold back.