Grandfather will be about 70 years old. I love and care for my grandfather very much. Grandfather understandably wants to invest in Bitcoin. The value of 1 rupee today and 1 rupee in the future is very different. This is what we call inflation. Since Bitcoin is a volatile digital cryptocurrency currency. So my grandfather got interested in investing in Bitcoin. I fully explained to my grandfather that Bitcoin has both profit and loss.
Apart from you having to tell your grandfather about the advantages and disadvantages of investing, you also have to tell him that it is time for someone who is too old like your grandfather to rest more and not need to think more about investing even though it is also not wrong if he want to do it by learning from yourself. But people who are too old with 70 years of age will actually be better off if they are able to take care of themselves by maintaining their health without thinking about many things because everything must be left up to the next generation like you.
What exactly will his father be thinking about? Mining? How to set up the rig? What type of rig to buy? Op said he gave his grandad investment advice and not how to mine or how to develop Bitcoin so all he has to do is to bring out the money he wants to invest i.e if he truly buys the idea, and allow Op do the investment for him, Op can also be monitoring everything for him and if he sees that profit is good enough he can cash out for his grandad as well so the old man has nothing to worry about, the only thing I would said the man would have worried about is if there are risked involved or not but since Op already told him every about it then that one is settled.
