Topic: Dad's retirement money is invested in Bitcoin! - page 10. (Read 1390 times)

That's a big gamble imo. What if bitcoin goes down and recovers after 4-5 years? What's your father going to think about this? Don't even do anything with that money unless you inform your father first anyway. That alone will cause lots of problems even if you make money in the end. Your father will never trust your judgement again. That thought is wrong on so many levels, I would rather forget about it quickly. Focus on your job or school or whatever responsibility you have nowadays. Stop thinking about somebody else's money. Make your own money and invest it in whatever you like.

Oh boy, DON’T you dare to do this with your father’s money! It’ll be the biggest, most hurtful decision of your life yet which may have a very strong impact you still don’t see.

Bitcoin is fun and games until you start becoming greedy and think you know the market better. So you pour money you shouldn’t and next thing you know, the markets are crashing and your money is going away faster than you could’ve anticipated. It’s incredibly hard even for a “veteran” in crypto to resist temptations and greed. It’s even harder when the money you invested is visibly turning into a loss. What do you do then, sell on a loss and destroy your father’s future? Of course not, you think you can do this emotionally.. don’t trust this much in yourself dude, emotions will likely dominate in such events.

Bitcoin is volatile. Governments are hating Bitcoin and it’s showing more prominently than ever before. Nobody knows what the future holds and it’s not worth it to risk destroying your father’s life for greediness.

Your questions prove a thing: you aren’t ready for a big, proper Bitcoin investment yet. At this point, what you’re doing is contemplating gambling your father’s retirement funds.

Be responsible, man! Please!

That's the better thing to. But you can always educate him about bitcoin or crypto.
Let him decide what needs to be done with his money, after all, it is his money.
He earned such money, so much better if you will leave the decision to your father.
Investing in this market, even if we say only half of it is no guarantee that you can make profits later on.
Though the chance is big if you ask crypto enthusiasts, but it is not your own money.

I doubt your father would allow you to do that. Half of his retirement fee which he had worked for it almost half of his lifetime invested into something that he didn't know, I really doubt it would be possible for you to do that. Not unless, if he have exceptional trust on you.
The only risk I've foreseen when you and your father decides to put half of it in Bitcoin is that you will have to wait for Bitcoin to hit your target or pump up before you can decide to withdraw your money without the risks of lossing some of your capital. The question is, are you willing to wait longer than you expected? I mean those materials to build a house will be affected by inflation as years passes by so that means those materials will not going to become any cheaper but it will become more expensive. So, I guess the decision aint with you alone, but it's for your father's, right?

So you self-describing yourself as a boy, meaning non-adult male, and somehow he made you responsible for having control over his retirement money? That totally makes sense. I guess if he put all his wealth in the hands of a boy, who seeks financial advice on an anonymous Bitcoin forum, he deserves whatever is coming.

But if that story was true, assuming military retiree is still of relatively young age, he could afford to go more adventurous and risky with his investment, but putting half of it in Bitcoin is still way too high.

Can you control your own funds? You are looking at BTC from only the angle of giving you revenue after holding it for some years, take note that you will be holding and controlling it yourself, can you use self custody wallets and do you know how to securely back up your seed phrase, would you keep your BTC's in a custodial wallet, or would you invest half of your father's pension and keep it all in a hot wallet. Investing that money isn't the problem, can you avoid losing it before you get to the position of making revenue.
Or the price of BTC may plunge at the time you want to sell, or you may have lost it to scammers before you can even make revenue.
Op wants to invest in a crypto that can increase in price, usdt or any other stable coin isn't even safe for long term investment, they are centralized and anything can happen to the company that controls them, which will make the stable coin to be worthless, don't trust stable coins with your funds.

Investing half of your money in bitcoin instead of all of your money is a wonderful idea, but keep in mind that you're placing your money into a risky investment and will bear the outcomes after the time period you wish to keep it there. One year is not a long time, but you can still make some money over that time, but significant returns are not guaranteed.


You could get more or less at the end of the year, depending on market volatility. And if this is the only money the family has, investing it is a bad decision unless the remaining half of the money is sufficient to feed the entire family while the other half is already invested.

I thought that it's already invested in Bitcoin without his authority and permission. Did your father gave you a go signal that it's okay for you to handle his retirement fund and be invested into somewhere you decide such as Bitcoin?

First things first, you have to make your father give some idea on what Bitcoin is. You may say to him that it's not a guaranteed type of investment because it is volatile.

IMHO, let your father do what he thinks is right for his money. It's his retirement money and not yours, let him enjoy whatever he can do with that. Be it on an investment or not.

Actually, something like that is also not wrong but that does not mean that being in bitcoin will also be better in this case because of course we realize that the condition of being in bitcoin is not investing and certainly getting a profit because even though the hope is like that but obviously here there is no guarantee for that.
Many people often say that invest if you can afford to lose and that is very true because regardless of anything this is also not a gamble that only relies on the condition of your own confidence and hopes for a return in a short time.
As long as you realize this, even though the intention may not change, the conditions will be different. Even if you are in bitcoin with good hopes, of course things like this we must also be aware of the risks faced.

This is a financial decision that you must make independently. We can offer our opinion, but ultimately, the choice is yours. It's important to note that Bitcoin is a highly volatile cryptocurrency, and its price can decrease significantly at any time. However, there is also the potential for substantial gains, where you can make a decent amount of money. Therefore, you need to carefully manage the potential risks associated with investing in Bitcoin.

In this situation, it is suggested that you consider investing half of your pension money in Bitcoin. However, it's crucial to be prepared for the possibility of a decline in its value. If such a decline occurs, it is important not to panic and ensure that you have sufficient funds remaining to support yourself.

Problems like this are currently quite common. This happened as a result of one of the problems that currently often befalls banks. Many banks are going bankrupt, high inflation and various other problems make people a little frustrated in determining where to store their assets comfortably and safely. But if it's just to maintain the value of the asset maybe keeping it in gold is pretty safe from inflation.

But because it looks like you and your father have a different problem background. i.e. you likely don't just want to save and secure the value of that asset (father's pension). But you hope more to be able to expand your father's pension money so that it can become more in a certain period of time (1 year). And you might think that if you kept half of it in bitcoins that would be possible. But for me it is too high risk.

Because retirement money is money that's actually pretty hot. In the sense that this money is really needed to meet all the needs of your father and your family from the time your father started retiring onwards. The point is that this money is actually not money that you and your family can afford to risk losing. because the money is certainly needed for the long term needs of your family.

And remember that bitcoin price fluctuations are not easy to predict. in the next 1 year the price may experience a significant increase and it could also be the opposite, namely experiencing a deep decline.

Have you and your father ever thought about starting a business with the pension money? at least you and your father can have the opportunity to make a profit from this business to make ends meet. and then you can put the remaining unused profits in bitcoin investment for the long term (more than 1 year).

Still up to your father's decision, whether he want's to invest on bitcoin or not. The best thing you can do is to explain to him what are the pros and cons of bitcoin's investment and how long it will give you a good returns.

Just think that it's a hard earn money that your father did, for 25 years serving your country. So it's a hard decision to make of.

Yeah, probably half is better and then diversify the other half.

Better not if you do have plans and putting up 50% of that pension is really a very risky thing to do. Just let your father decide on whats the better for that pension money.If inflation is bad and if your dad do

really tend to create a house with that money then its better that he should be following on what he had hoped for so that there's no regret in the end. The thing or risks on the time that you do make out suggestions about on where those money would be stored up then it would really be creating that kind of expectation over a year time. What if the price had gone below on your entry point or buy point
on what particular moment? What would you do? How you would be explaining it to your dad?

If you dont like for some potential conflicts in between father and son in terms of money then it would really be better if you do just let your father decide with that retirement money and would really be
having no possible conflicts on whatsoever things to happen.

Retirement money may not be a bad investment when investing in bitcoin. But you need to discuss these matters amicably with your father because bitcoin is never an investment that can guarantee return after all, especially as far as you say for a year. If your dad is really serious about investing in Bitcoin, it would be wise for him to do a thorough self-education on the technology and understand the risks and potential rewards. Until your father feels certain, decide whether to buy it or not.

OP that is really a hard decision for anyone to make. If your father has other source of income where he gets money for up and running the family and bills, you can step ahead and take the decision together with your father. First let him know about how bitcoin works and what is bitcoin, let him think and take the decision. You are planning to invest in bitcoin and I assume you know the rules of bitcoin investment. So take your time, don't take any ones answer or advice here for granted do your own research and understand your families priority first.

Does your father understand bitcoin completely? Is your father ready for all the risks faced even though we know that investing in bitcoin is ready to lose, so think again before your father starts investing in bitcoin because this is retired money which of course must be put to good use.

It's not a bad thing to invest in bitcoin because we know bitcoin will always increase but we see from the other side with the risks that will be faced if you are not ready then don't direct your father to bitcoin and it is better to look for other options that are more stable to invest so that he feels alive calm with the pension money.

I don't know whether the pension money will be fully disbursed or will it be paid every month? But I think it's better to invest a little bit in bitcoin until your dad understands how bitcoin works in the market.

Well i didn't take my time to read the responses  of others but hope you known that investing in digital asset like bitcoin is a risky one and at such, nothing is certain which means that, just as you are expecting to make more more at the end of the year,  there are also huge possibilities of you losing money due to the volatile nature of bitcoin , hence nothing is certain in the industry and there are always several  warnings  which are very critical  which includes:
~ not using money you can't afford to use
~ don't invest with money that isn't yours or borrowed  funds
 And the most important  is always try not to be greed and see every penny as worthy and also judging from your post,  it seems you're still new in the industry and I will advise that you spend more time in knowing more about bitcoin  and cryptocurrency  at large before investing in it.

Hmm, First of all, congratulations to the OP's dad for the successful 25 years of service in the military. For the investment decision, I think you are open-minded and close to reality which shows that you are really interested in planning a good future. My suggestion to OP is not to go for all in at once I think you should start DCA with a specific amount regularly it is a more safe and precise solution for the investment purpose. Also take your dad in confidence first before making any decision because as it's the money of his whole life service so, that's obvious he should know how his Son is gonna utilize it to provide them with a secure old age life.

Analyze market.
Learn about.
Start DCA.
Make You Dad feel proud on you.

Firstly it's your dad retirement money, a retirement money he got from serving in the military which is a very risky job, I am surprised the way you speak of the retirement money as if the government gave it directly to you and placed you in charge of the funds.

Firstly if your dad is mentally ok then he has every right of full ownership of the money, and I won't advice you to invest another person money into crypto-currency, you should first try speaking to your dad about crypto-currency like you said you scared of keeping the your dad's money in the bank, that's okay but first tell your dad about Crypto-currency, but make sure you explain to he how volatile the market is and the option of USDT for more stability, but also if he isn't into that then their is an option of domiciliary account.

Or you may lose all your Dad's money in one year! Both possibilities are open. Now you and your dad need to decide whether to gamble with his hard-earned money. If I were you, I wouldn't have touched half of his money for sure! I would have probably used 5%-10% of that money to invest in Bitcoin.

The basis of investment is - never to keep all your eggs in one basket. So diversify. Invest in Bitcoin, invest in Gold, invest in tax saving instruments, invest in stocks that pays out good dividends. That's how you will create a parallel source of income for him. But don't invest half of his money into Bitcoin for God's sake. Don't gamble with retirement funds, ever. period.