A Senior Pastor (The Most Reverend in the Province) in my Church called me last week Sunday to see him after the Sunday service which I did. When I met him, he told me that he wanted to see me for a very long time. People have told him that I am good with bitcoin investment andalso teaching people in it. Thathe has three children and all have graduated from University but because of the way things are in the country, they have not secured jobs. And any moment from now he will retired. So he wants to invest online business if I know any. And I told him that I know of only one which is investing in bitcoin.

And I told him the two types of investment. Short term and long term and I suggested long investment for him but he said he likes the short term investment because he can feed from it and I told him that, he can't invest in bitcoin and still feed from it. He can't feed from it because if he does then he will be at the losing side so the best option is the long term investment.

And he said I should managed the investment for him and I told him that he should used one of his trusted children but I can only be a mentor, guidance and adviser to him and not to manage the investment for him. And I will introduce the DCA method of investment for him since he depends on the monthly stipend of the church. My problem here is, the time he is planning for his retirement investment is too close. It is just few months to his retirement and that is when he is serious about it. What was his plan for all these years in active service?

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.

"Investing in Bitcoin for retirement? Well, that's one way to keep the faith strong! 😅 But tell the pastor that Bitcoin might be a bit too volatile for divine intervention—he might need more than a prayer to retire comfortably! 🙏📉"

Since Bitcoin hit ATH before halving and till now, the price has been correcting and stagnating for more than 6 months and this topic was created in August. And as we can see, it has barely brought any significant returns to any investor who has invested in the past 6 months, let alone being able to give us a steady income.

Indeed, using retirement funds to invest in bitcoin in the hopes of making short-term profits or expecting it to provide a steady income is a bad idea.
Although bitcoin's volatility may seem appealing for us to make short-term profits, the truth is not that simple, bitcoin is only suitable for long-term investment.

Since the pastor is getting retired bitcoin shouldn't be the first plan.  He is getting retired and where he normally make money from he won't be getting it again,  that source is already close. It will be better for him to think about how to create income first either by doing business that can give him income everyday. If having a steady income is achieved then he can think of investing bitcoin.  It does not make any sense that someone is getting retired and he is just making plans to invest bitcoin,  the truth is that he is thinking bitcoin can be is next source of income or a career line to depend on.

Investing in Bitcoin based on your retirement that will help you if you have more 30 years on Earth to live but some persons who don't know what is Bitcoin will not have such mentality to invest in Bitcoin because of their retirement in service even though the person who is planning for each retirement did not be a beneficiary or have opportunity to withdraw it investment in Bitcoin did you children come also be a beneficiary to it because the value of bitcoin today may not be the value of bitcoin tomorrow it may be that the person use 200,000 thousand dollars to invest in Bitcoin but after 10 years the benefit will be more than what it used to invest in Bitcoin

I do agree with some of your point, if I were to retire the first thing I am looking for is definitely a stability. It would therefore make much more sense to begin with a business or something that generates daily income, as it provides security. All that being said, investment in Bitcoin may not be a bad thing, but it is not the safest for a person who depends on cash flow that would be regular. Bitcoin can turn very volatile at any moment, but as I have retired I will have so much free time to learn more about Bitcoin, and learning new things is fun, moreover if we can get some income or profit doing it.

Investing in Bitcoin is before retirement, in old age (retirement) of course we don't need investment anymore but we only need to enjoy what we have built so far.
Doing business is of course very important for financial stability, this cannot be expected in investing in Bitcoin because the movement is quite fluctuating, making it not guaranteeing daily profits so this cannot be used as the main source of income to support daily financial stability for individuals.
So invest in Bitcoin early, for your old age, I am very sure it will be very profitable.

You might be right, but I didn’t consider that he’s allocating all his money to this. Still, he likely has some funds available while he waits for his Bitcoin investment to start generating returns. Plus, we can assume he’s getting a monthly pension, which I believe was enough to cover his daily needs. However, he really needs to think this through thoroughly because investing in crypto is too risky, and he could lose money with just one mistake. If he doesn’t have a proper understanding of it, it might be smarter to invest in something he knows better.
Of course, we’re still encouraging him to explore this interest since we all know how profitable it can be, despite the risks involved.