I have read a few topics about how crypto assets on CEXs will be handled after the account holder suddenly passes away. Perhaps we will have updates to inheritance laws to handle crypto assets on CEXs as well, however in this topic I will talk about a different case related to our proactive decisions regarding our crypto assets. I will mention BTC because only BTC has enough value for us to continue having high expectations for the next few decades.I would emphasize here that we should not store crypto assets on CEX. It's risky in itself because in that case, we don't have full access to the coins, even when we know that many big CEX are closed due to bankruptcy or hack, it's clear that the wrong decision is CEX as a safekeeping of assets.
1. Do you think crypto will become a part of personal finance in the future?1. No doubt crypto will become a part of personal finance in the future given it's decentralization, inflation and future proof characteristics which we all need to survive in the future though we are not yet sure of what future will look like and what it brings to us like the technological and financial advancements but with crypto I am sure we are secured.
2. What will you do with your crypto assets when you’re old?
3. Besides BTC, which token do you believe in for the next 50 years?
I would like to know your opinion on this:1. With institutions embracing the existence of cryptocurrency particularly Bitcoin, and some of the most famous businessmen talking about it, I believe that cryptocurrency particularly Bitcoin will be a part of the financial world that we live in right now.
- Do you think crypto will become a part of personal finance in the future?
- What will you do with your crypto assets when you’re old?
- Besides BTC, which token do you believe in for the next 50 years?
1. I truly believe in the future of crypto and BTC. When governments start accumulating BTC, people will follow suit to protect the value of their labor. With the ease of entry, the number of crypto holders could even surpass the number of stock market investors.
- Do you think crypto will become a part of personal finance in the future?
- What will you do with your crypto assets when you’re old?
- Besides BTC, which token do you believe in for the next 50 years?
I would like to know your opinion on this:1. Most likely. As countries are moving to have Bitcoin as their national reserve, I believe in the future they may be thoughtful of including Bitcoin as a personal finance someone is free to have for their future.
- Do you think crypto will become a part of personal finance in the future?
- What will you do with your crypto assets when you’re old?
- Besides BTC, which token do you believe in for the next 50 years?
Michael Saylor once shared his plan to burn his private keys after death, which sounds intriguing but I'm not sure how his spirit could burn something.I have watched his few interviews and in few he said if a person abandons their BTC he is contributing a lot to the BTC holders and investors because, according to him that person is indirectly burning that amount of BTC that can never be retrieved, so it's the biggest contribution to the longevity of the BTC blockchain according to his words. So if he admires others to do this then he can do this with him personal holdings too, don't know how much BTC is in his personal holdings because the MSTR BTC are not his alone.
I value your goals and I hope you will acheive them, my plan is to have $10k till next halving so when in the next halving I will make 2x or 3x I would have the power to buy half or more of the BTC because I plan to buy in the dip. Well its just a plan I don't know how many guts I need to pull this off.
- Do you think crypto will become a part of personal finance in the future?
- What will you do with your crypto assets when you’re old?
- Besides BTC, which token do you believe in for the next 50 years?
So we have to tell them what crypto is in general, so when we are gone, they are ready to use it as we expect. And they can even start investing if they are mature enough and have income.
50 years from now I'd be dead and the tokens I hold may have greater value already. And I can't witness how it will be spent by my kid if she knows how to spend them. But I'm sure the adoption will make our tokens be easy to move to fiat when it happens. Only the next generation can easily spend them for personal use.
XRP seem to be the most popular for newbies since they can still afford them. Most probably this is the next besides ETH.
I would like to know your opinion on this:I have a different idea from Saylor... if he wants to burn his private key, then I would still want to leave my cryptocurrency assets to my own family when I die first... Saylor's wealth is indeed very large, but we also never know what has been done with his private key from when he first got to know Bitcoin until before he died.. it could be that there were already several people who were given inheritances for it, right? We all don't know, considering the amount of his assets is certainly very large, so it makes a little sense if he has to think about the future of his family too for the efforts he has made...
- Do you think crypto will become a part of personal finance in the future?
So we have to tell them what crypto is in general, so when we are gone, they are ready to use it as we expect. And they can even start investing if they are mature enough and have income.kids nowadays are aware of crypto so i do not think they will enter this world totally clueless about crypto even if i do not teach them because crypto is everywhere and it will just continue to spread still i need to guide my kids into knowing appropriately about bitcoin so they do not end up in the wrong path
We will certainly never know what they will do later, but at least we give them provisions that can take them to a better stage. After that, it will return to each of them, but the important thing is that we have done what we should have done.yes even if it is not about crypto all we can do is guide our kids but they should still be able to make their own decisions in life
Interested question about our decision for the future about cryptocurrency when got old, firstly all of us have family, having wife and children would be our next generation to receive cryptocurrency assets. I work hard leave them some cryptocurrency assets for the future from bitcoin and altcoin, I believe cryptocurrency keep existing until the future how many big whales and top investor already investing their money in bitcoin.We believe that cryptocurrency market will stay long time in the world. Because if we follow in cryptocurrency market we can see that many professional traders or investors could be invest there asset from cryptocurrency market. Because we know that it will be our future asset. I think that my family fully depending on for me. So when we start to very old, then I think that my family receive this property. So I trying to starting get two bitcoin and some altcoin for future.
For lower risk assets holding actually bitcoin and top altcoin such as Ethereum or BNB, its my assets holding will leave for my family in the future when get old and keep having income from crypto after retiring from working.
I find the other options in the poll completely ridiculous. Realistically, there are only two possible scenario that could be done if I held crypto that long. It's either I sell and spend on myself/family or give it as kind of inheritance to my kids. Enjoy the fruits and help secure the next generation's future.Yes, there's only two possible things that you can do on which you do sell out and make use of those funds for whatever reason or you will really be giving those as an inheritance on which we know that this is the only things that we can be able to do with our crypto holdings. When it comes on how we would do it then this is where you would really be considering out on searching on whats the safest way on doing it and also using up your common sense because there are some ways or methods on which it might cause up on losing your coins. So better be safe on whatever the actions that you are taking into as long it do make your coins safe. One of the challenges too is also in talks about on how long you would be able to hold.
So we have to tell them what crypto is in general, so when we are gone, they are ready to use it as we expect. And they can even start investing if they are mature enough and have income.kids nowadays are aware of crypto so i do not think they will enter this world totally clueless about crypto even if i do not teach them because crypto is everywhere and it will just continue to spread still i need to guide my kids into knowing appropriately about bitcoin so they do not end up in the wrong path
I would like to know your opinion on this:
- Do you think crypto will become a part of personal finance in the future?
- What will you do with your crypto assets when you’re old?
- Besides BTC, which token do you believe in for the next 50 years?
The decision to prepare for the future by going for cryptocurrencies as investments is quite responsible. Storing coins like bitcoins and alcoins should be seen as secure strategies for creating a long-term nest for a family. With the development of blockchain and a vision of what may await us in the future of crypto, we can have confidence that these assets will entail great values in the future. This is especially the case as with many things in life, consistency and caution will be key in achieving these goals when we consider the parent oriented use of these investments and view crypto as the key to achieving financial security for our family.Interested question about our decision for the future about cryptocurrency when got old, firstly all of us have family, having wife and children would be our next generation to receive cryptocurrency assets. I work hard leave them some cryptocurrency assets for the future from bitcoin and altcoin, I believe cryptocurrency keep existing until the future how many big whales and top investor already investing their money in bitcoin.We believe that cryptocurrency market will stay long time in the world. Because if we follow in cryptocurrency market we can see that many professional traders or investors could be invest there asset from cryptocurrency market. Because we know that it will be our future asset. I think that my family fully depending on for me. So when we start to very old, then I think that my family receive this property. So I trying to starting get two bitcoin and some altcoin for future.
For lower risk assets holding actually bitcoin and top altcoin such as Ethereum or BNB, its my assets holding will leave for my family in the future when get old and keep having income from crypto after retiring from working.
Maybe yes with the increasingly widespread development of crypto, but that doesn't mean we can let go, I mean we also have to monitor their development, including the development of their knowledge about crypto.So we have to tell them what crypto is in general, so when we are gone, they are ready to use it as we expect. And they can even start investing if they are mature enough and have income.kids nowadays are aware of crypto so i do not think they will enter this world totally clueless about crypto even if i do not teach them because crypto is everywhere and it will just continue to spread still i need to guide my kids into knowing appropriately about bitcoin so they do not end up in the wrong pathQuoteWe will certainly never know what they will do later, but at least we give them provisions that can take them to a better stage. After that, it will return to each of them, but the important thing is that we have done what we should have done.yes even if it is not about crypto all we can do is guide our kids but they should still be able to make their own decisions in life
let me start with the answers to your question in their order of numbers.It seems like you're a very cautious investor and only trust BTC for the long term. I hope your children will also be as cautious and wise as you are when they inherit a lot of BTC from you in the future. They shouldn't FOMO into memecoins :)
1. Yes and it is already now because its a legal and acceptable digital currency for the exchange of goods and services.
2. I will leave it for my children to have an inheritance, because by then, it would have turned a mighty investment with higher increased upon it, then i would have realized my desired profits from it and also leave for my children to take over from.
3. Aside bitcoin, there is none, every other coins are just altcoins and they takes more risk than bitcoin.
1. Yes.
2. If my family members would be positive about crypto and eager to learn - I would share my funds with them, no biggie once I am gone. It's better to share wealth with your loved ones than to burn it.
3. Solana and Litecoin.
1. Yes.
2. If my family members would be positive about crypto and eager to learn - I would share my funds with them, no biggie once I am gone. It's better to share wealth with your loved ones than to burn it.
3. Solana and Litecoin.
That's the right thought. Tbh I'll teach my kids about crypto early. Give them early start with it like creating a wallet for them and giving them some..
Opinion on 'Burn' and 'delete the key' options— quite unnecessary tbh, just do nothing with your crypto holdings, they'll be lost automatically with person's death.This is correct, but if family members find any documents storing private keys, they can completely move the deceased's crypto assets.
Opinion on 'Burn' and 'delete the key' options— quite unnecessary tbh, just do nothing with your crypto holdings, they'll be lost automatically with person's death.Crypto is no joke. It is an asset and if someone's asset cannot be enjoyed by future generations then how much is the value of that asset? So the wallet key needs to be shared with the 2nd person to keep the assets safe. But it is also true that nobody can be trusted in this world. Everyone can cheat for money. So it might be a good idea to write down the private key on a piece of paper and keep it in your private secret place. When your future generations find it after your death, it will be a treasure for them. And it can change their lives.
I haven't thought about leaving my crypto assets for my next generation. Even though I think it's quite important, but because I only trade for the penbdek and medium term, I don't think I need to do that.Opinion on 'Burn' and 'delete the key' options— quite unnecessary tbh, just do nothing with your crypto holdings, they'll be lost automatically with person's death.Crypto is no joke. It is an asset and if someone's asset cannot be enjoyed by future generations then how much is the value of that asset? So the wallet key needs to be shared with the 2nd person to keep the assets safe. But it is also true that nobody can be trusted in this world. Everyone can cheat for money. So it might be a good idea to write down the private key on a piece of paper and keep it in your private secret place. When your future generations find it after your death, it will be a treasure for them. And it can change their lives.
I haven't thought about leaving my crypto assets for my next generation. Even though I think it's quite important, but because I only trade for the penbdek and medium term, I don't think I need to do that.Yes that is true and if we have any plans to leave our investment to our future generations then there should be plans for that, and of course when leaving such investments to our future generations there should be a way to entrust it to them by leaving it to the right person, but when we don't see the trusted person there could be a plan to sell them off to avoid mismanagement of funds.
Not I don't think about the future, but every decision must be adjusted to our targets and plans in investment.
(https://www.talkimg.com/images/2025/01/26/W7bHc.jpeg)Firstly most important must prepare if any crisis begin we must stock a lot of our daily needed to eat like food, I think important here how much our food preparing and seems not really important yet about how much bitcoin assets holding during crisis moment. But its difficult for happening because all countries looks safe right now and we need save as much possibility with cryptocurrency assets or having much money.
Guys, before thinking about what you're going to do 30-40 years from now, you better start thinking about what you will do if a crisis starts, a war breaks, and if crypto is around for another half-century. Not to mention a ton of other facts from your personal life to global economics.
Guys, before thinking about what you're going to do 30-40 years from now, you better start thinking about what you will do if a crisis starts, a war breaks, and if crypto is around for another half-century. Not to mention a ton of other facts from your personal life to global economics.OK, thank @Stompix, we always need to focus on the present to survive in the market and in severe inflation. Everyone has their own survival battle, risks of war/crisis, nuclear threats always exist and that's also an interesting topic to discuss.
- Do you think crypto will become a part of personal finance in the future?
- What will you do with your crypto assets when you’re old?
- Besides BTC, which token do you believe in for the next 50 years?
I have read a few topics about how crypto assets on CEXs will be handled after the account holder suddenly passes away. Perhaps we will have updates to inheritance laws to handle crypto assets on CEXs as well, however in this topic I will talk about a different case related to our proactive decisions regarding our crypto assets. I will mention BTC because only BTC has enough value for us to continue having high expectations for the next few decades.This is a very important question i feel os yo be put into a whole consideration from the onset.
Michael Saylor once shared his plan to burn his private keys after death, which sounds intriguing but I'm not sure how his spirit could burn something. A self-destruct program to permanently delete the keys is a good idea, or hiding the keys in a secret place would also ensure that Saylor's BTC remains safe as a memorial to his contributions to BTC’s development.
I think of a few better possibilities to ensure that the amount of BTC will never be used: burning by sending it to an inaccessible account. Saylor should consider this if he wants to reduce the circulating supply of BTC :)
I’m not as wealthy as Saylor and I don’t have a grand vision for BTC. I work and get paid in USDT, I use USDT to DCA BTC and I take profits to pay my family’s bills, I’m not even able to hold BTC through a crypto winter. Let’s say I’m lucky enough to accumulate 1 BTC after 50 years and by then 1 BTC = 10M USD, I would have to seriously think about how to manage such a huge amount of assets.(https://talkimg.com/images/2025/01/16/WXUtD.png)
I used to consider giving them to my children, but if they're truly capable, they won't need my assets. Conversely, if they aren't capable, they don't deserve the BTC I've worked so hard to accumulate all my life. Charity seems like a good idea, or using it to travel the world and enjoy life is also an appealing suggestion.
I also thought about depositing 1 BTC or 10M USD in banks and using their permanent savings service, if banks will offer this service in 50 years. The profit from this money can ensure the basic needs of my grandchildren's lives, as I will love them very much. If they don't need this interest, they can donate it to charity to support poor students or patients.
For now, in the immediate future, I will need to try to accumulate 1 BTC within 50 years = 12 cycles, meaning that after each cycle I need to save 0.085 BTC. This is clearly a difficult goal, because I only have 1/10 of that amount. I hope that the uptrend and crypto winter will continue to be maintained and bring me opportunities to make profits and accumulate more BTC.
I would like to know your opinion on this:
- Do you think crypto will become a part of personal finance in the future?
- What will you do with your crypto assets when you’re old?
- Besides BTC, which token do you believe in for the next 50 years?
[>] Michael Saylor’s plan to burn his Bitcoin after death – Following Satoshi’s steps? (https://ambcrypto.com/michael-saylors-plan-to-burn-his-bitcoin-after-death-following-satoshis-footsteps/)
Note:
- My opinion has been presented in a topic, on BitcoinTalk forum (https://bitcointalk.org/index.php?topic=5526621).
- This topic on AltcoinsTalks forum has included a minor change in the way my opinion is presented.
- This statement is to avoid accusations of plagiarism.
I need to save some dollars for my future security when I get old, otherwise who will take care of me when I become old in the future? I need to hold on to Bitcoin until I'm old so that I can spend it on my savings when I get older. Moreover, I will definitely keep holding my Bitcoin so that my grandchildren can use my saved Bitcoin in the future.this is how it should be done and not the other way around unfortunately way too many parents like to use their kids as investments and like to treat them as do overs and pass on responsibility of providing for the family because the parents could not do so you should have been the one to take care of yourself and then your kids you need to make sure that you are giving your kids a bright future and investing in crypto today will do that
I need to save some dollars for my future security when I get old, otherwise who will take care of me when I become old in the future? I need to hold on to Bitcoin until I'm old so that I can spend it on my savings when I get older. Moreover, I will definitely keep holding my Bitcoin so that my grandchildren can use my saved Bitcoin in the future.
When I get old, I will spend the amount that is appropriate for my daily needs and leave the rest to my grandchildren so that they can spend it later. Besides, at some point, I will sell all my Bitcoins and leave the money in the bank so that my children can use that money for their own purposes.I need to save some dollars for my future security when I get old, otherwise who will take care of me when I become old in the future? I need to hold on to Bitcoin until I'm old so that I can spend it on my savings when I get older. Moreover, I will definitely keep holding my Bitcoin so that my grandchildren can use my saved Bitcoin in the future.
In the best case - your children.
In the worst case - your savings, mostly.
But we need to be prepared for both situations to happen.
When I get old, I will spend the amount that is appropriate for my daily needs and leave the rest to my grandchildren so that they can spend it later. Besides, at some point, I will sell all my Bitcoins and leave the money in the bank so that my children can use that money for their own purposes.
.....-It seems that if I get old, maybe I will set aside Bitcoin and then just stake it in the local market at Indodax, with an APY of around 3-4%, I think it is also very good for my income when I get old.
I would like to know your opinion on this:.....
- Do you think crypto will become a part of personal finance in the future?
- What will you do with your crypto assets when you’re old?
- Besides BTC, which token do you believe in for the next 50 years?
- If I ever reach the point where I am old enough or old enough, I will make sure that my child has a deep and extensive knowledge of bitcoin and cryptocurrency, so that when I grow old, he can use the crypto assets I will bequeath to him correctly.I guess that's the best choice right now. Teaching our children anything about Bitcoin and crypto then let's give them some Bitcoin as a reward for the time that they spent learning about it.
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- If I ever reach the point where I am old enough or old enough, I will make sure that my child has a deep and extensive knowledge of bitcoin and cryptocurrency, so that when I grow old, he can use the crypto assets I will bequeath to him correctly.
I don't want to just bequeath the crypto assets that I have held for a long time without him having any knowledge of bitcoin or cryptocurrency, that's not what I want to happen. Instead, I will teach my child everything I know about bitcoin or cryptocurrency, this is really my dream that I want to happen.
I guess that's the best choice right now. Teaching our children anything about Bitcoin and crypto then let's give them some Bitcoin as a reward for the time that they spent learning about it.Assuming BTC price will reach 10M USD in 20 years, 0.001 BTC will be worth 10K USD, and its purchasing power will be equivalent to around 5K USD today. I hope you can accumulate more BTC to pass on to your children and grandchildren :)
I mean aside from donating it to charities and maybe some shelters, my top priority is to give it to my children when my time comes, but before giving it, I will make sure that he knows even just the basics of cryptocurrency and it will be up to him if he will learn the technical side of it. TBH, I'm also thinking of keeping a portion of my current Bitcoin holdings for my future child. Something like 0.001 BTC just for him. Will be held for maybe 1-2 decades then I will be giving it to him through a QR code or something. Isn't it nice? :D
When I get old, I will spend the amount that is appropriate for my daily needs and leave the rest to my grandchildren so that they can spend it later. Besides, at some point, I will sell all my Bitcoins and leave the money in the bank so that my children can use that money for their own purposes.For me personally I am not probably gonna store my money in the banks but instead buy physical precious metals and real estate though there are incidents of risks brought by these assets from what I have heard around due to the fact that those people we entrust the wealth we had might make some trouble with the other beneficiary but yeah I am pretty confident that this will not happen to mine.
Moreover, physical assets are risky and have a high chance of being stolen. If I hold gold or some other form of money instead of holding Bitcoin, then the chances of it being robbed or stolen are much higher. It would be better to hold Bitcoin and when you reach old age, you can sell it and spend your retirement time. It wouldn't be bad if, when you reach old age, you could sell all your Bitcoin holdings and put the money in a fixed deposit in the bank to live off the rest of your time.When I get old, I will spend the amount that is appropriate for my daily needs and leave the rest to my grandchildren so that they can spend it later. Besides, at some point, I will sell all my Bitcoins and leave the money in the bank so that my children can use that money for their own purposes.For me personally I am not probably gonna store my money in the banks but instead buy physical precious metals and real estate though there are incidents of risks brought by these assets from what I have heard around due to the fact that those people we entrust the wealth we had might make some trouble with the other beneficiary but yeah I am pretty confident that this will not happen to mine.
Moreover, physical assets are risky and have a high chance of being stolen. If I hold gold or some other form of money instead of holding Bitcoin, then the chances of it being robbed or stolen are much higher. It would be better to hold Bitcoin and when you reach old age, you can sell it and spend your retirement time. It wouldn't be bad if, when you reach old age, you could sell all your Bitcoin holdings and put the money in a fixed deposit in the bank to live off the rest of your time.Compared to traditional assets like fiat, real estate, and precious metals, BTC is easy to store and transfer, making it ideal for onchain storage and retrieval even after decades without fear of damage or expiration :)
Moreover, physical assets are risky and have a high chance of being stolen. If I hold gold or some other form of money instead of holding Bitcoin, then the chances of it being robbed or stolen are much higher. It would be better to hold Bitcoin and when you reach old age, you can sell it and spend your retirement time. It wouldn't be bad if, when you reach old age, you could sell all your Bitcoin holdings and put the money in a fixed deposit in the bank to live off the rest of your time.
Since I don't know if my descendants will be able to understand and use crypto, before i lose my minds, I will turn everything into fiat and leave them a legacy that they can easily use
Since I don't know if my descendants will be able to understand and use crypto, before i lose my minds, I will turn everything into fiat and leave them a legacy that they can easily use
Won't you try to teach them about crypto beforehand?
I think they will learn how to use it by themselves since the adoption of crypto if getting easier for newer generations. Its not like there is no GUI for the apps we have today. By the time we get old, their phones are build differently where they can install wallets also.
Its logical to give assets to the loves ones we have. Giving these assets to your children and grandchildren makes sense. I think they will remember you being the one who give them something to start with.
I think they will learn how to use it by themselves since the adoption of crypto if getting easier for newer generations. Its not like there is no GUI for the apps we have today. By the time we get old, their phones are build differently where they can install wallets also.
Its logical to give assets to the loves ones we have. Giving these assets to your children and grandchildren makes sense. I think they will remember you being the one who give them something to start with.
I think it is very relevant even though it seems different, but one day our children will ask the same thing when the time comes, why did our parents forget or not leave a little BTC for us because as far as they can remember, their parents were also very good at the internet and BTC was still very cheap when they were young.
For me, crypto is a company that I own, and from this company I can get profit and loss. But if I have a lot of profit, of course I will save money from that profit. And I work for this cryptocurrency for my family, for my wife and children. And of course later when I am old, I will pass on all my cryptocurrency assets to my children and grandchildren. I think it will be more beneficial than keeping it ourselves.Yup, it's better than saving yourself without passing it on, so I'm working now looking for profits in bitcoin then for family and children, so always think about this in old age.
Since I don't know if my descendants will be able to understand and use crypto, before i lose my minds, I will turn everything into fiat and leave them a legacy that they can easily use
Actually, there are many opportunities here, as long as we master them. Because we can get a lot of benefits in various ways, not only looking for them through bounty projects or Airdrops. We can also invest and trade, and trade ourselves here, there are many models ranging from spot trading, futures, arbitrage, bridges and others. If we are able to collect Bitcoin in large quantities, it is a big profit.For me, crypto is a company that I own, and from this company I can get profit and loss. But if I have a lot of profit, of course I will save money from that profit. And I work for this cryptocurrency for my family, for my wife and children. And of course later when I am old, I will pass on all my cryptocurrency assets to my children and grandchildren. I think it will be more beneficial than keeping it ourselves.Yup, it's better than saving yourself without passing it on, so I'm working now looking for profits in bitcoin then for family and children, so always think about this in old age.
Anyway, in the old days, I want to enjoy life from bitcoin profits so I don't need to work extra, so now I will try to collect bitcoins for the old days.
For me, crypto is a company that I own, and from this company I can get profit and loss. But if I have a lot of profit, of course I will save money from that profit. And I work for this cryptocurrency for my family, for my wife and children. And of course later when I am old, I will pass on all my cryptocurrency assets to my children and grandchildren. I think it will be more beneficial than keeping it ourselves.+
Its logical to give assets to the loves ones we have. Giving these assets to your children and grandchildren makes sense. I think they will remember you being the one who give them something to start with.I agree, really logical and our loved ones would be our first priority if we have another beneficiaries like donating to a charity or what. I know majority of us will give our Bitcoin assets to our family members because they are always there in bad times and in good times.
Its logical to give assets to the loves ones we have. Giving these assets to your children and grandchildren makes sense. I think they will remember you being the one who give them something to start with.I agree, really logical and our loved ones would be our first priority if we have another beneficiaries like donating to a charity or what. I know majority of us will give our Bitcoin assets to our family members because they are always there in bad times and in good times.
Since I don't know if my descendants will be able to understand and use crypto, before i lose my minds, I will turn everything into fiat and leave them a legacy that they can easily useThis is a very reasonable and logical thing, because in any case, we don't know if our children will also be concerned about crypto. If not, and we are getting older and maybe we won't think about some things anymore, then withdrawing all to fiat and investing it in real life is a wise and reasonable choice for the whole family.
This is a very reasonable and logical thing, because in any case, we don't know if our children will also be concerned about crypto.I really don't think that will be the case this is basically because we are in the digital era and as a result with the way crypto and the digital space is becoming more popular and broad there is a very high chance that the next generation will take crypto even more seriously than it is currently because come to think of it if you check the crypto space general they are thousands of coins even more coming in every single day.
Do you think crypto will become a part of personal finance in the future?Definitely, we already have some of the signs right now, I would be surprised if the government will kill crypto simply because they can make money from it.
[What will you do with your crypto assets when you’re old?I'll plan my inheritance and try to split my wealth for my family and kids. Whether they deserve it or not doesn't really matter IMO. If there's an option to make their life easier I'd choose that while educating them about good financial practices. It's not like they'll suddenly get lazy just because their parents are rich.
Besides BTC, which token do you believe in for the next 50 years?I don't believe in any of them. 50 years is way too long to make any judgment. I'd rather watch them on a yearly basis instead.
I also think that with the increasing popularity of crypto today, it is likely that the next generation will be more serious and familiar with crypto. because technological advances will always develop and we must understand this, don't let us be left behind because we don't learn it.This is a very reasonable and logical thing, because in any case, we don't know if our children will also be concerned about crypto.I really don't think that will be the case this is basically because we are in the digital era and as a result with the way crypto and the digital space is becoming more popular and broad there is a very high chance that the next generation will take crypto even more seriously than it is currently because come to think of it if you check the crypto space general they are thousands of coins even more coming in every single day.
I think the digital era is even just at its beginning and there's even more to come if you ask me.
I also think that with the increasing popularity of crypto today, it is likely that the next generation will be more serious and familiar with crypto. because technological advances will always develop and we must understand this, don't let us be left behind because we don't learn it.Yes of course, getting older is certain and cannot be stopped. That's why as long as we still have investment assets in crypto, it's better to inform and provide understanding to our children and also our families at least.
The digital era has begun and the future with this digital technology will be brighter
Yes of course, getting older is certain and cannot be stopped. That's why as long as we still have investment assets in crypto, it's better to inform and provide understanding to our children and also our families at least.Crypto is developing even faster than smartphones and the internet, so I believe that in the future, if crypto can survive, it will become extremely popular and familiar to everyone, just like how people are familiar with e-commerce and ride-hailing services. Our children will grasp everything very quickly and easily master the utilities surrounding crypto, including storage and usage.
and it's true that technology is getting more sophisticated every day. Who knows when my children are adults they still have the opportunity to learn again until they are really ready for this.
I will answer the main question of this topic.It seems you have so much BTC that you need a detailed and careful plan to ensure that your descendants can manage them wisely. I don't have enough BTC to think that much, I just hope that I can accumulate enough 0.1 BTC to give to my descendants in the future when they deserve it :)
When I get old, I'd probably sell off some of my crypto, like Ethereum or smaller coins, to cover stuff like living costs, maybe a nice vacation or even helping my family with thinks like a house down payment. I'd keep a solid stash of bitcoin, though, since it's got a strong track record and could keep growing, experts say it might hit $200k or more by 2030 if adoption keeps up. I'd pass that down to my kids or grandkids, giving them a head start with something valuable, but I'd make sure they learn the basics, like securing wallets and watching market trends. I might even set up a trust to keep it safe and tax smart, crypto laws are tricky, so I'd check with a pro first!
I also think that with the increasing popularity of crypto today, it is likely that the next generation will be more serious and familiar with crypto. because technological advances will always develop and we must understand this, don't let us be left behind because we don't learn it.
The digital era has begun and the future with this digital technology will be brighter
Talking about cryptocurrency assets what will we do when get old age I think very interested ideas for discussing, I think we must set up very good investing for the future until we are have get old. I have invest in bitcoin and several kinds of altcoin for my future when getting old I won't spent my all time for working, have an ideas when raising old age I want enjoying my life and take benefit from my investing in cryptocurrency.
But keep spend few percent of my cryptocurrency assets to my family exactly for children, its important think back up their education cost from cryptocurrency assets.
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I was just scrolling here and stumbled upon this thread and found it an interesting topic. It's almost 2.5 years that I have been here in the crypto space, and I am not much older, but after reading your thread, I would like to know one thing that if one has passed away and there is a big amount of BTC in his account and his CEX account is protected by 2FA, how will his/her family withdraw that big amount? As far as I know, the 2FA amount can only be withdrawn just by scanning a fingerprint, and by chance, if his/her progeny don't have any idea about it, then how can his/her family withdraw that amount?
1. In my point of view, as we all know now, the US has declared Bitcoin as a part of its national reserve, so we can say there are higher chances that crypto will become a part of personal finance in the future. I believe in this because many other countries follow America's steps, so that is why.
2. As of now, I cannot pass any comment so surely about this, as I don't have that much capital to accumulate crypto assets for the future purpose, but yes, whenever I have that, I will start to accumulate my crypto savings for older age.
3. Hmm, for this I don't think so; any other crypto project has that big potential like BTC to save in the form of personal savings for the future purpose. This is my current point of view, but yes, the US government has also declared some altcoins for US national reserves. So, I am not so sure about this in the future.
since they say crypto is the future, its best to adopt where this financial system will go. if using crypto becomes so common that even kids can easily use it then we'll be seeing the future with crypto. we can give our BTC and tokens one day to the new generations as inheritance, i don't wanna bring anything to me when i die. its all for giveaway to my kin.
i think TON and all other L1 tokens will have its own economy such as ETH. 50 years later they will still here here.
since they say crypto is the future, its best to adopt where this financial system will go. if using crypto becomes so common that even kids can easily use it then we'll be seeing the future with crypto. we can give our BTC and tokens one day to the new generations as inheritance, i don't wanna bring anything to me when i die. its all for giveaway to my kin.
i think TON and all other L1 tokens will have its own economy such as ETH. 50 years later they will still here here.
since they say crypto is the future, its best to adopt where this financial system will go. if using crypto becomes so common that even kids can easily use it then we'll be seeing the future with crypto. we can give our BTC and tokens one day to the new generations as inheritance, i don't wanna bring anything to me when i die. its all for giveaway to my kin.
i think TON and all other L1 tokens will have its own economy such as ETH. 50 years later they will still here here.
Indeed, all we have earned or will earn, one day it will be someone's or our progeny's, and any of us cannot bring it with us when we die. Other than hand, mate, there are a lot of L1 tokens, but some of them have strong communities and teams. So, mention some of them that you believe will be here as more stronger in the coming future.
Other than that, I believe all these L1 tokens will not survive just like now they are trading in the market so fine. Altcoin also gets more respect from investor sides when the US announces some of them to add to their national strategic reserves.
SOL is the way to go too, imo, even better than TON in that regard.Right now, I can only trust in the future of BTC, while altcoins are quite risky. Even ETH is struggling to survive and thrive despite having a solid position in the market. Every ecosystem can be replaced by a better solution in the future, only BTC is the crypto king, it cannot be replaced!
And BTC is an ultimate store of value, currently, and it won't change even in a decade to come, as far as I am concerned.
I used to consider giving them to my children, but if they're truly capable, they won't need my assets. Conversely, if they aren't capable, they don't deserve the BTC I've worked so hard to accumulate all my life. Charity seems like a good idea, or using it to travel the world and enjoy life is also an appealing suggestion.If you are a Christian, then I wonder the type or kind of Christian you are, havent you come across what the bible says in the book of proverbs? It is written in one of the chapters and verses that " A wise man leaves good inheritance for his children and even his children's children" that is his grand children.
As for me, I am leaving every of my crypto assets behind for my children and grand children.Just like you, this is what I am going to do. If ever I am about to see the end of my life or something happened to me unexpectedly, I've told them that it's all theirs and hopefully they'll be able to prolong and enrich it so that they'll have at least a better life compared to the others that there is no inheritance and has to start from the bottom. As we grow older, we feel this type of idea is very important because we don't know how long we're going to stay on this world.
Bitcoin is still a priority for long-term holding, in my opinion. Because I also have crypto assets in my wallet where bitcoin is my largest crypto asset of more than 50%, the rest I buy some top altcoins. And occasionally invest in meme coins in small amounts when the coin is still hype.SOL is the way to go too, imo, even better than TON in that regard.Right now, I can only trust in the future of BTC, while altcoins are quite risky. Even ETH is struggling to survive and thrive despite having a solid position in the market. Every ecosystem can be replaced by a better solution in the future, only BTC is the crypto king, it cannot be replaced!
And BTC is an ultimate store of value, currently, and it won't change even in a decade to come, as far as I am concerned.
When it comes to the long-term future, I believe we should only choose assets that are truly valuable and still have growth potential over time. If investors love altcoins, they can allocate 5-10% of their crypto budget to ETH, the remaining 90-95% should still be reserved for BTC to ensure safety. Sol and Ton are very promising at the moment but no one can predict their fate 50 years from now.
It is good to have Bitcoin as one’s core investment given that the digital currency has been through some of the market fortunes. You are no doubt that bitcoin has the benefit of high demand and fixed supply which attracts many investors. Another worthwhile step is to always have some amounts of altcoins to look for some extra opportunities from projects, which have evident utility. It is equally acceptable to buy some of the meme coins occasionally when the trend is going up even if it is with little investing capital. Even with such a structure, the portfolio can expand and still have the main point and its base in the main asset.Bitcoin is still a priority for long-term holding, in my opinion. Because I also have crypto assets in my wallet where bitcoin is my largest crypto asset of more than 50%, the rest I buy some top altcoins. And occasionally invest in meme coins in small amounts when the coin is still hype.SOL is the way to go too, imo, even better than TON in that regard.Right now, I can only trust in the future of BTC, while altcoins are quite risky. Even ETH is struggling to survive and thrive despite having a solid position in the market. Every ecosystem can be replaced by a better solution in the future, only BTC is the crypto king, it cannot be replaced!
And BTC is an ultimate store of value, currently, and it won't change even in a decade to come, as far as I am concerned.
When it comes to the long-term future, I believe we should only choose assets that are truly valuable and still have growth potential over time. If investors love altcoins, they can allocate 5-10% of their crypto budget to ETH, the remaining 90-95% should still be reserved for BTC to ensure safety. Sol and Ton are very promising at the moment but no one can predict their fate 50 years from now.
I want to ask quite a general but theoretical question. Do you think cryptocurrencies will last forever? Do you think cryptocurrency is not just a long lasting trend, that will end in 100 years for example? Do you really think that cryptocurrency wont be replaced one day, or people will invent another form of payment/digital money/investment/asset? Based on «when will cryptocurrency era or popularity end» my decision what to do with crypto will depend. As well as we are all here different age. Decision of a 20 years old person will be different in 10-30 years.in my opinion crypto is a technology for the future, but we don't know how long crypto will last because it could be that in the future there will be a new technology to replace crypto.
in my opinion crypto is a technology for the future, but we don't know how long crypto will last because it could be that in the future there will be a new technology to replace crypto.
I only think about utilizing this technology for the next 5 years and don't think long for the next 10 or 20 years.
Bitcoin is still a priority for long-term holding, in my opinion. Because I also have crypto assets in my wallet where bitcoin is my largest crypto asset of more than 50%, the rest I buy some top altcoins. And occasionally invest in meme coins in small amounts when the coin is still hype.
Doesnt matter on where we are focusing on which the primary goal or target will really be that definitely be pertaining about for the sake of our family and the things that they would really be able to benefit out in the future. Who would be on their right minds on deleting out their keys or simply doesnt really want for their loved ones or family will be able to benefit out their coins? Come to think that this was the main purpose on why we are really that trying out to accumulate as much as you could for the benefit of our family on which this is the best thing on what we do have in mind or having the plans. It would really be that totally a waste if these coins would be locked up into void and would really be lost forever.Bitcoin is still a priority for long-term holding, in my opinion. Because I also have crypto assets in my wallet where bitcoin is my largest crypto asset of more than 50%, the rest I buy some top altcoins. And occasionally invest in meme coins in small amounts when the coin is still hype.SOL is the way to go too, imo, even better than TON in that regard.Right now, I can only trust in the future of BTC, while altcoins are quite risky. Even ETH is struggling to survive and thrive despite having a solid position in the market. Every ecosystem can be replaced by a better solution in the future, only BTC is the crypto king, it cannot be replaced!
And BTC is an ultimate store of value, currently, and it won't change even in a decade to come, as far as I am concerned.
When it comes to the long-term future, I believe we should only choose assets that are truly valuable and still have growth potential over time. If investors love altcoins, they can allocate 5-10% of their crypto budget to ETH, the remaining 90-95% should still be reserved for BTC to ensure safety. Sol and Ton are very promising at the moment but no one can predict their fate 50 years from now.
Doesnt matter on where we are focusing on which the primary goal or target will really be that definitely be pertaining about for the sake of our family and the things that they would really be able to benefit out in the future. Who would be on their right minds on deleting out their keys or simply doesnt really want for their loved ones or family will be able to benefit out their coins? Come to think that this was the main purpose on why we are really that trying out to accumulate as much as you could for the benefit of our family on which this is the best thing on what we do have in mind or having the plans. It would really be that totally a waste if these coins would be locked up into void and would really be lost forever.
SOL is the way to go too, imo, even better than TON in that regard.
And BTC is an ultimate store of value, currently, and it won't change even in a decade to come, as far as I am concerned.
Ton is not anywhere close to what Solana has done, they are not even close when it comes to network execution. Right now, Solana is the fasted network in crypto that is too realistic about their transaction speed but my only problem with them is the way their network does goes offline, hope they work on that side of validator failure.+
Secondly, Solana has high number of developers than the entire Ton, the only thing that are built on Ton are telegram mini games, no serious project will want to launch on Ton, just build empty promises.
Ton is not anywhere close to what Solana has done, they are not even close when it comes to network execution. Right now, Solana is the fasted network in crypto that is too realistic about their transaction speed but my only problem with them is the way their network does goes offline, hope they work on that side of validator failure.+
Secondly, Solana has high number of developers than the entire Ton, the only thing that are built on Ton are telegram mini games, no serious project will want to launch on Ton, just build empty promises.
Sol has a speed of 65K tps, while Ton has a maximum speed of over 100K tps. The numbers don't lie, and Ton is actually about 50% faster than Sol.
Unfortunately, Ton hasn't been able to fully leverage its speed advantage. Tap-to-Earn games are the only thing we know about Ton's applications, DeFi or RWA have not been deployed on Ton due to development delays caused by the CEO's issues in France.
I hope that Sol and Ton will develop further in the future, but I don't dare to believe that I can see them operating 50 years from now. I only dare to place my faith in BTC :)
since they say crypto is the future, its best to adopt where this financial system will go. if using crypto becomes so common that even kids can easily use it then we'll be seeing the future with crypto. we can give our BTC and tokens one day to the new generations as inheritance, i don't wanna bring anything to me when i die. its all for giveaway to my kin.
i think TON and all other L1 tokens will have its own economy such as ETH. 50 years later they will still here here.
Indeed, all we have earned or will earn, one day it will be someone's or our progeny's, and any of us cannot bring it with us when we die. Other than hand, mate, there are a lot of L1 tokens, but some of them have strong communities and teams. So, mention some of them that you believe will be here as more stronger in the coming future.
Other than that, I believe all these L1 tokens will not survive just like now they are trading in the market so fine. Altcoin also gets more respect from investor sides when the US announces some of them to add to their national strategic reserves.
I've been mulling over what you mentioned and I'm totally on board. Crypto is really stating to catch on and it's pretty thrilling to think it could one day be as normal as pulling out cash. I can just imagine my kids or even grandkids getting digital assets passed down to them just like my folks handed me property or stocks and that idea feels so surreal to me! When I look at some Layer 1 tokens like ETH and TON, I'm impressed by their strong communities and how they're actually being used in real life so I feel like they've got a decent chance to stick around for the long haul. But honestly, the crypto world changes so fast and I know not every project will survive. Only the ones that people actually use and that have solid support will make it. I also think regulation and how widely crypto gets accepted will be a hug factor in deciding which tokens are still around in 50 years. It's fun to think about how this space might look that far out!Here's a comparison image to help you visualize: You know Lithium is highly valuable in the energy industry, but we don't accumulate Lithium. We accumulate gold and silver, as we believe in their future value, rather than their current utility.
In the crypto market, BTC is gold and ETH is silver. LTC used to be silver, but sadly that's no longer the case. (...)
~It is always a legacy to leave something behind for your children. It is not a must because some people believe that their children have to struggle and hustle for theirs, but if you wish to make life easy for your children so that they do not follow the same hard path that you did and have the same experiences, leaving something behind for them will do them a lot of good, especially when you have given them proper education on how to manage whatever it is you plan to leave to them.
If you do not leave anything for your heirs, then they will have to struggle a lot. Your heirs may not reach the position you created by struggling in your long life. Therefore, to keep their legacy safe, you must give away your assets. It is especially noteworthy that if you do not give your heirs the right idea about using crypto, then they will never be able to hold on to that asset in your absence. Therefore, it is necessary to explain it well to the heirs so that they do not face any danger in the future.~It is always a legacy to leave something behind for your children. It is not a must because some people believe that their children have to struggle and hustle for theirs, but if you wish to make life easy for your children so that they do not follow the same hard path that you did and have the same experiences, leaving something behind for them will do them a lot of good, especially when you have given them proper education on how to manage whatever it is you plan to leave to them.
I've been mulling over what you mentioned and I'm totally on board. Crypto is really stating to catch on and it's pretty thrilling to think it could one day be as normal as pulling out cash. I can just imagine my kids or even grandkids getting digital assets passed down to them just like my folks handed me property or stocks and that idea feels so surreal to me! When I look at some Layer 1 tokens like ETH and TON, I'm impressed by their strong communities and how they're actually being used in real life so I feel like they've got a decent chance to stick around for the long haul. But honestly, the crypto world changes so fast and I know not every project will survive. Only the ones that people actually use and that have solid support will make it. I also think regulation and how widely crypto gets accepted will be a hug factor in deciding which tokens are still around in 50 years. It's fun to think about how this space might look that far out!Here's a comparison image to help you visualize: You know Lithium is highly valuable in the energy industry, but we don't accumulate Lithium. We accumulate gold and silver, as we believe in their future value, rather than their current utility.
In the crypto market, BTC is gold and ETH is silver. LTC used to be silver, but sadly that's no longer the case. Personally, I think if we want to prepare a gift for our children and grandchildren, 1 BTC could be a meaningful gift, even though I know it's difficult for someone like me to acquire 1 BTC.
Whatever I have in my old age, I am passing it on to my descendants because they are the ones I am laboring for. I can't have BTC in my portfolio, to let it be there forever in my portfolio without telling someone I love in my family how much Bitcoin I have, for them to take note, in case whenever I leave the earth.Whenever one despairs or muses the fact that one must someday leave a legacy for their family, it means more than property it means a tradition, responsibility and affection. You now appear to be used to wanting to ensure maxout that what you have remains a requisite for the growth and development of the people you care for. Failing to leave things undone, the right persons informed deserves the best virtue since it portrays care and concern. It can benefit a family as no one is left in the dark, your loved ones can take forward what needs to be done.
I will spend whether as fiat or crypto, but if I got too many then it's definitely going down the generation line, let's make them rich too. :D
Lots of debate about spending on own and passing to kids and grandkids but it's their money so whatever they want to, they have the freedom to do. And there's different culture from one place to another so we don't know the picture there.
I will spend whether as fiat or crypto, but if I got too many then it's definitely going down the generation line, let's make them rich too. :D
Lots of debate about spending on own and passing to kids and grandkids but it's their money so whatever they want to, they have the freedom to do. And there's different culture from one place to another so we don't know the picture there.
whatever you think ETH has can be achieved by another project especially if a project is backed by a big tech company like facebook promoting their own L1 token. there is nothing in this industry that sticks to their first plan. XRP can turn into a L1 project any time or even the USDT which can turn into a more suitable platform for developers.I agree, especially since Eth is currently facing many difficulties due to the impact of L2, and the ETH token price is very low in the market. Things get even worse when investors look at the ETHBTC chart, it feels like ETH has been forgotten in the market and given way to other L1s like Sol, Sui, Bnb, Trx...
like you said LTC used to be silver. maybe ETH also turn to Lithium one day and silver will be something else. what matters is the community behind it.
It is always a legacy to leave something behind for your children. It is not a must because some people believe that their children have to struggle and hustle for theirs, but if you wish to make life easy for your children so that they do not follow the same hard path that you did and have the same experiences, leaving something behind for them will do them a lot of good, especially when you have given them proper education on how to manage whatever it is you plan to leave to them.You are right some persons might do that to the children but for me I think that's not fair because for the fact that someone go through hard moment on there life's shouldn't make them to subject there children into it because people are unique in their own ways and they may not be that strong to overcome it as there father did.
I don't have any special plans here. I will do the same thing with my crypto assets when I get older, just as people usually do with their assets when they get older. I mean I will give to my children i.e. inheritance.It seems like this is also included in special plans, but it seems like there are many who will implement this. I am also a person, basically I am just an investor with a 4-year cycle for bearish to bullish periods. I just don't know what it will be like in a few years. And the results of the take profits, some of which I will use to cash out for several businesses in real life and some for further investment in crypto. However, I do plan that after my children get older and are older, I will also pass on some crypto to them. Of course, initially by introducing them first and then teaching them and making them understand and explore cryptocurrency themselves.
Apart from this, I have no other plans. And for long-term holding, I have chosen some altcoins that are in the top 50 and have limited Maximum Supply .
It seems like this is also included in special plans, but it seems like there are many who will implement this. I am also a person, basically I am just an investor with a 4-year cycle for bearish to bullish periods. I just don't know what it will be like in a few years. And the results of the take profits, some of which I will use to cash out for several businesses in real life and some for further investment in crypto. However, I do plan that after my children get older and are older, I will also pass on some crypto to them. Of course, initially by introducing them first and then teaching them and making them understand and explore cryptocurrency themselves.It can also be seen that planning for long-term investment with the help of this cyclic concept of market can indeed be a good move. Returning profits back to the crypto field and splitting it alongside investment for the real life business is a good approach that can help sustain long-term finances. Also, transferring them to the next generation is wise, particularly when you introduce the technology to your children at a tender age. As much as it may seem now that all cryptos have a high potential going forward, introducing them to it in simple terms that they can grasp and allowing them freedom to explore the field will be useful to them in the long run.
I don't have any special plans here. I will do the same thing with my crypto assets when I get older, just as people usually do with their assets when they get older. I mean I will give to my children i.e. inheritance.I have not thought about passing on my crypto assets to my descendants or family, because I am only a small investor and am currently still looking for profit and investing my crypto. I focus more on short and medium term investments, for long term holding only following the 4 year cycle bullish season.
Apart from this, I have no other plans. And for long-term holding, I have chosen some altcoins that are in the top 50 and have limited Maximum Supply .
I have not thought about passing on my crypto assets to my descendants or family, because I am only a small investor and am currently still looking for profit and investing my crypto. I focus more on short and medium term investments, for long term holding only following the 4 year cycle bullish season.
I have not thought about passing on my crypto assets to my descendants or family, because I am only a small investor and am currently still looking for profit and investing my crypto. I focus more on short and medium term investments, for long term holding only following the 4 year cycle bullish season.It's not the matter of what amount of fund you are holding and moreover as you connected with this space who knows in the near future you won't be able to generate huge fund on crypto?
I don't have any special plans here. I will do the same thing with my crypto assets when I get older, just as people usually do with their assets when they get older. I mean I will give to my children i.e. inheritance.
Apart from this, I have no other plans. And for long-term holding, I have chosen some altcoins that are in the top 50 and have limited Maximum Supply .
I don't have any special plans here. I will do the same thing with my crypto assets when I get older, just as people usually do with their assets when they get older. I mean I will give to my children i.e. inheritance.
Apart from this, I have no other plans. And for long-term holding, I have chosen some altcoins that are in the top 50 and have limited Maximum Supply .
I will be happy to see if my crypto asset is big enough for me to enjoy my life. At an old age where someone might not need to work again, your crypto assets should be a support for your life where you can sit and relax and enjoy the benefit of your labour, you don't need to suffer at an old age when you have suffered while been patient and holding.
I may also give some to my grandchildren to see the benefit of buying and holding asset that appreciated over the years, my bag will be a testimony that holding a coin can make you become something valuable later in the future but before I give out, I will make sure it's in excess for my need and wants.
I will give it to my grand children who are interested in crypto,because crypto can be change into fiat and it helps a lot in financial aspect,so in order for my crypto to not be wasted i will give it to my family member, i will explain to them what crypto is and how did i earn it so that they will take care of it and make it as a remembrance or a gift from me.It would be the heirs on which neither your own kids and your grand/daughters/sons on which they will be able to benefit out or simply the next generation on your family bloodline. It will be that just that a total waste if you would be that not letting someone do able to know about your holdings. Yes, its necessary not to tell about the keys but it will be advisable that its better to have that kind of will or any preparations because there's no such thing about being certain in speaking about in tomorrows events or happening on which it neither that us will be passing away. It is that recommended that you do set out those preparations on which at least they will be able to benefit out into those coins that you have been that accumulating for so long. Also, its better that you do really know on what you should gonna do because everything will be that totally a huge wastage if it will be that lost forever because you arent that prepared.
What will you do with your crypto assets when you get old?
I will be happy to see if my crypto asset is big enough for me to enjoy my life. At an old age where someone might not need to work again, your crypto assets should be a support for your life where you can sit and relax and enjoy the benefit of your labour, you don't need to suffer at an old age when you have suffered while been patient and holding.I also appreciate and welcome your plan with your holding asset in your old ages. But I don't think we will make our holding fund empty at that time enjoying ourself.
I may also give some to my grandchildren to see the benefit of buying and holding asset that appreciated over the years, my bag will be a testimony that holding a coin can make you become something valuable later in the future but before I give out, I will make sure it's in excess for my need and wants.
I think leaving it as an inheritance for my children and grandchildren is not a bad thing either... yes I see the long-term opportunity for cryptocurrency is still very bright, so I can still hope that the assets I currently hold will grow bigger and be of high value...
In addition, leaving it as a family inheritance is also a good thing, but I have to take it to meet my needs too... I don't want it to be completely an inheritance, but at least my needs are met first.
I think leaving it as an inheritance for my children and grandchildren is not a bad thing either... yes I see the long-term opportunity for cryptocurrency is still very bright, so I can still hope that the assets I currently hold will grow bigger and be of high value...Ourselves and our families are the main motivations why we are actively investing, this is for our old age and also our families. And when we die later, of course we want to leave something valuable, one of which is the assets we have.
In addition, leaving it as a family inheritance is also a good thing, but I have to take it to meet my needs too... I don't want it to be completely an inheritance, but at least my needs are met first.
Ourselves and our families are the main motivations why we are actively investing, this is for our old age and also our families. And when we die later, of course we want to leave something valuable, one of which is the assets we have.There has been individual definition about this because some people has told me that they are not investing on Bitcoin because of anybody but for themselves but however a lot of people are investing because of their family, so for the facts that I get inspiration from my family, I agree with the second one because everybody must leave something for there family either for the immediate use or for the future, so actually I'm holding for not only me but for benefits of my family, though not that when the time comes I cannot use it because definitely in the future I will use it while the rest remain as holding.
But I think about how my family can view this investment the same way I view it. Therefore, we try to tell them early on about investing as a whole.
I think leaving it as an inheritance for my children and grandchildren is not a bad thing either... yes I see the long-term opportunity for cryptocurrency is still very bright, so I can still hope that the assets I currently hold will grow bigger and be of high value...Ourselves and our families are the main motivations why we are actively investing, this is for our old age and also our families. And when we die later, of course we want to leave something valuable, one of which is the assets we have.
In addition, leaving it as a family inheritance is also a good thing, but I have to take it to meet my needs too... I don't want it to be completely an inheritance, but at least my needs are met first.
But I think about how my family can view this investment the same way I view it. Therefore, we try to tell them early on about investing as a whole.
There has been individual definition about this because some people has told me that they are not investing on Bitcoin because of anybody but for themselves but however a lot of people are investing because of their family, so for the facts that I get inspiration from my family, I agree with the second one because everybody must leave something for there family either for the immediate use or for the future, so actually I'm holding for not only me but for benefits of my family, though not that when the time comes I cannot use it because definitely in the future I will use it while the rest remain as holding.Most adults invest for their families because, at that age, we no longer need to show off through our account balance. I'm also working in the crypto field to take care of my family, but sadly, I haven't been able to accumulate as much BTC as I'd hoped.
Most adults invest for their families because, at that age, we no longer need to show off through our account balance. I'm also working in the crypto field to take care of my family, but sadly, I haven't been able to accumulate as much BTC as I'd hoped.
Some people believe that we should use all the assets we have in our lifetime instead of just trying to work and leave assets for our children and grandchildren. That's an interesting point of view too, but they need to consider the uncertainties in politics and worry about their children and grandchildren.
As an adult who already has a family, our goal is to invest in crypto for our family, I am also the same as you, I have not been able to make much profit from crypto, but the profit I get from crypto can be an additional income for me in meeting the needs of my family which are getting more expensive every day.There has been individual definition about this because some people has told me that they are not investing on Bitcoin because of anybody but for themselves but however a lot of people are investing because of their family, so for the facts that I get inspiration from my family, I agree with the second one because everybody must leave something for there family either for the immediate use or for the future, so actually I'm holding for not only me but for benefits of my family, though not that when the time comes I cannot use it because definitely in the future I will use it while the rest remain as holding.Most adults invest for their families because, at that age, we no longer need to show off through our account balance. I'm also working in the crypto field to take care of my family, but sadly, I haven't been able to accumulate as much BTC as I'd hoped.
Some people believe that we should use all the assets we have in our lifetime instead of just trying to work and leave assets for our children and grandchildren. That's an interesting point of view too, but they need to consider the uncertainties in politics and worry about their children and grandchildren.
As an adult who already has a family, our goal is to invest in crypto for our family, I am also the same as you, I have not been able to make much profit from crypto, but the profit I get from crypto can be an additional income for me in meeting the needs of my family which are getting more expensive every day.
I am grateful that by investing in crypto I can get additional income
As an adult who already has a family, our goal is to invest in crypto for our family, I am also the same as you, I have not been able to make much profit from crypto, but the profit I get from crypto can be an additional income for me in meeting the needs of my family which are getting more expensive every day.I get a feeling that the reason you entered the crypto world is not just the speculations, but the need for space for development. It is a choice not only the gross revenue but the best decision when one supplier is not enough anymore. As it will be seen, the results are not very satisfactory but they are still sufficient to show that one does not work for nothing. Not everyone is capable to continue engaging and operating in the middle of the market that is being unanchored and unsure. But if you can survive, you know that always there is a time to be someplace, to be quiet and to be still or to be active. The most insightful thing here is that you do not cease there because it is not big, you keep going on as you know your own path.
I am grateful that by investing in crypto I can get additional income
Yes, there are people who say that, but actually indirectly if they are the head of the household or have a family, when they get money from their investment profits, then they will share the money and if they are the head of the family, of course they are responsible for the finances in the household.Ourselves and our families are the main motivations why we are actively investing, this is for our old age and also our families. And when we die later, of course we want to leave something valuable, one of which is the assets we have.There has been individual definition about this because some people has told me that they are not investing on Bitcoin because of anybody but for themselves but however a lot of people are investing because of their family, so for the facts that I get inspiration from my family, I agree with the second one because everybody must leave something for there family either for the immediate use or for the future, so actually I'm holding for not only me but for benefits of my family, though not that when the time comes I cannot use it because definitely in the future I will use it while the rest remain as holding.
But I think about how my family can view this investment the same way I view it. Therefore, we try to tell them early on about investing as a whole.
Doesnt matter on which one you would be that doing as long it do pertains about having that more additional income then this what matter the most or something which is the most important thing that needs up to target on. We are doing everything for the sake of our family and who doesnt want to get rich or having that more finances? Of course we are all thriving for the same thing on which is to become rich or someone who could be able to sustain the needs of their family. It is really just that sad that there are those moments or times that errors and mistakes do make us that give up and not pursue on doing up such target. It will be that up to you on how you do handle things accordingly because onto the coins that we've been holding and accumulating then it is for the all family that be the one will benefit out.As an adult who already has a family, our goal is to invest in crypto for our family, I am also the same as you, I have not been able to make much profit from crypto, but the profit I get from crypto can be an additional income for me in meeting the needs of my family which are getting more expensive every day.
I am grateful that by investing in crypto I can get additional income
It's a great side hustle indeed, especially when you have a stable income besides that, which can sustain your processes in crypto forward.
If I have any crypto at that stage, I will use it to enjoy what will be the rest of my life. I will keep in mind the fact my loved ones will either inherit my estate or be given it during my life. It is about just finding the balance to know how much to give them and how much to leave them as inheritance.
If I have any crypto at that stage, I will use it to enjoy what will be the rest of my life. I will keep in mind the fact my loved ones will either inherit my estate or be given it during my life. It is about just finding the balance to know how much to give them and how much to leave them as inheritance.That's such an interesting perspective! Because the journey is truly more important than the destination. Caring for our families for decades is way more significant than the amount of inheritance we leave our grandkids!
Great plan indeed.It should be an obligation on those that truly love you to stand by you as you enter old age regardless of whether they know (or assume) they will or will not benefit from you financially. If your loved ones and relatives are kind to you during old age, it will make them better people too especially the younger generation you took care of when they were babies and small children.
And I do think, that if your relatives care about you, they will still help you, even knowing fully well you are alright to live great for the rest of your days.
That's such an interesting perspective! Because the journey is truly more important than the destination. Caring for our families for decades is way more significant than the amount of inheritance we leave our grandkids!It was understandable during the early stages of crypto to have reservations about investment but there is no point looking back now. Try to make the most of the time ahead.
I'd love to do that too, but for now, I can only use a portion of my crypto income to pay bills and buy a few little gifts for my loved ones. Doubt and fear made me miss out on so many opportunities in previous seasons, and now I need to try harder, but the market has become so much more unpredictable.
That's such an interesting perspective! Because the journey is truly more important than the destination. Caring for our families for decades is way more significant than the amount of inheritance we leave our grandkids!Actually, in life, there are some moments that people become unsure or scared to proceed any further due to risks factor. But, at least if one tries to attempt something, at least partly, it will in fact take him or her in a better path. It is very important to have courage to come forward while having doubts into your web. The problems which we encounter in uncertain environment are the way for us to develop our skills in searching for the optimum position. We may not be equipped with the necessary tools to take risk or grasp opportunities that may come our way in the near future in the absence of these difficulties.
I'd love to do that too, but for now, I can only use a portion of my crypto income to pay bills and buy a few little gifts for my loved ones. Doubt and fear made me miss out on so many opportunities in previous seasons, and now I need to try harder, but the market has become so much more unpredictable.
Ourselves and our families are the main motivations why we are actively investing, this is for our old age and also our families. And when we die later, of course we want to leave something valuable, one of which is the assets we have.Every struggle someone faces in life is for the sake of their family's future. Because no one wants their family to suffer when they're no more. That is the reason why we work very hard to ensure that our family and loved ones have a bright future filled with happiness and unity. So I don't think it's a great idea for someone to burn all their private keys or any other things when they get old, as it seems selfish. What's the point of working hard to make money if you don't want your family to enjoy it? When I get older, I will make sure I inform my family about all my assets and ensure they take over and manage them properly for their own benefit and future.
But I think about how my family can view this investment the same way I view it. Therefore, we try to tell them early on about investing as a whole.
If I have any crypto at that stage, I will use it to enjoy what will be the rest of my life. I will keep in mind the fact my loved ones will either inherit my estate or be given it during my life. It is about just finding the balance to know how much to give them and how much to leave them as inheritance.That's such an interesting perspective! Because the journey is truly more important than the destination. Caring for our families for decades is way more significant than the amount of inheritance we leave our grandkids!
I'd love to do that too, but for now, I can only use a portion of my crypto income to pay bills and buy a few little gifts for my loved ones. Doubt and fear made me miss out on so many opportunities in previous seasons, and now I need to try harder, but the market has become so much more unpredictable.
Every struggle someone faces in life is for the sake of their family's future. Because no one wants their family to suffer when they're no more. That is the reason why we work very hard to ensure that our family and loved ones have a bright future filled with happiness and unity. So I don't think it's a great idea for someone to burn all their private keys or any other things when they get old, as it seems selfish. What's the point of working hard to make money if you don't want your family to enjoy it? When I get older, I will make sure I inform my family about all my assets and ensure they take over and manage them properly for their own benefit and future.Everyone has their own perspective, and I feel the same way as you do, because I want to make sure I can provide my children and grandchildren with a good foundation to grow and master their personal finances in the future. If they become truly wealthy and successful, I'll consider burning my crypto assets to contribute to the entire ecosystem.
All should be depends on the number of bitcoins I will have in my old age. As a family person with children, I have to share the bitcoins among them and take the one I will use in my old age time I die. If you didn't share them before passing out, the children might fight because of them. It is god to have God number of bitcoin before getting old so you won't suffer in the old age
All should be depends on the number of bitcoins I will have in my old age. As a family person with children, I have to share the bitcoins among them and take the one I will use in my old age time I die. If you didn't share them before passing out, the children might fight because of them. It is god to have God number of bitcoin before getting old so you won't suffer in the old ageI don't have a plan to keep bitcoin until old age, because I still have many plans to buy assets in the real world, so what I'm doing right now is just investing to get profit during the cycle. so just hold for 3-4 years. Maybe after my goal is achieved, I'll think about holding bitcoin for old age. Hopefully bitcoin still has a good future at that time.
I agree with your decision to concentrate on investment goals in the next 3-4 years as a part of your operational plan. As given the numerous opportunities and the equal number of threats in the market, optioning stocks that can offer fast growth are rather a way that can bring the maximum of the benefits in the short term. But if the situation is stable in the future and bitcoin remains to have good growth, then you should then start investing more on it. However, it also becomes possible to focus on current needs in a more meSPAM BANble way that can enrich the result from each decision made.All should be depends on the number of bitcoins I will have in my old age. As a family person with children, I have to share the bitcoins among them and take the one I will use in my old age time I die. If you didn't share them before passing out, the children might fight because of them. It is god to have God number of bitcoin before getting old so you won't suffer in the old ageI don't have a plan to keep bitcoin until old age, because I still have many plans to buy assets in the real world, so what I'm doing right now is just investing to get profit during the cycle. so just hold for 3-4 years. Maybe after my goal is achieved, I'll think about holding bitcoin for old age. Hopefully bitcoin still has a good future at that time.
I don't think there are people like that, they will let their assets burn without giving them to their family or anyone when they die. Even if there are, I can't think of anyone like that.Ourselves and our families are the main motivations why we are actively investing, this is for our old age and also our families. And when we die later, of course we want to leave something valuable, one of which is the assets we have.Every struggle someone faces in life is for the sake of their family's future. Because no one wants their family to suffer when they're no more. That is the reason why we work very hard to ensure that our family and loved ones have a bright future filled with happiness and unity. So I don't think it's a great idea for someone to burn all their private keys or any other things when they get old, as it seems selfish. What's the point of working hard to make money if you don't want your family to enjoy it? When I get older, I will make sure I inform my family about all my assets and ensure they take over and manage them properly for their own benefit and future.
But I think about how my family can view this investment the same way I view it. Therefore, we try to tell them early on about investing as a whole.
I don't have a plan to keep bitcoin until old age, because I still have many plans to buy assets in the real world, so what I'm doing right now is just investing to get profit during the cycle. so just hold for 3-4 years. Maybe after my goal is achieved, I'll think about holding bitcoin for old age. Hopefully bitcoin still has a good future at that time.We're not talking about simply buying and holding BTC for another 50 years. Instead, let's assume we successfully accumulate a significant amount of crypto assets over many trading seasons in this market. When that happens, figuring out what to do with those assets will become important to us.
If I have an assets when I get old, I will give it to my family. But first, I will enjoy spending the rest of my life with family since I know that my time is running out in this world. We can't carry the assets when we die, so the best thing is to spend our remaining time with our loved ones. Personally, I make money just to sustain our daily needs and if there's more I will buy it to other things that is also important for us. Our assets can't buy happiness, and many people felt it when the money is not a problem anymore. I will give the remaining to my family, and I will suggest to keep the assets for their future.Indeed, sometimes it is better to focus on the quality of time spent with a particular individual than the amassment of wealth. The movie should be about the things that are valuable in life such as positive relationships with friends, family, and love interest. Having assets may help a person to feel protected, yet they do not lead to happiness. I also support the idea of throwing money to the family since it will enable them acquire better lives in future. But in my opinion, for them to inherit better, they need to have the right values about money, and how best to handle them which they would require in life.
The properties and wealth we accumulate on earth will be passed to our next generation to take care of when we are old or no more. That's how it is has been running for ages.The idea of transfer of wealth making through Bitcoin is one of those great ideas which should be considered when thinking of the next generation of wealth. On paper, Bitcoin boasts of several conveniences; of the most apparent of this is the ability to be relocated in a portable form. To disagreeing it is also relevant to outline the fact, that technology and the crypto market are rather fluid and are constantly developing. That is why what you prepare for today may not be the same as you expect it to be few years or even decades later. Since it is volatile, what you need is not only to acquire this asset but also guarantee that the intended beneficiaries have adequate perception on how to guard and handle it. It is useful to imply the process of introducing digital education to the family so that stay equipped for future problems.
For Bitcoin, it can be seen as a type of wealth or assets someone can have, to passed it over to their children, the trusted children.
I am sure that before my old age, I will give out my seed phrase to my son or daughter I can verge for, to continue to hodl my accumulated Bitcoin for wealth creation of the family.
I don't have a plan to keep bitcoin until old age, because I still have many plans to buy assets in the real world, so what I'm doing right now is just investing to get profit during the cycle. so just hold for 3-4 years. Maybe after my goal is achieved, I'll think about holding bitcoin for old age. Hopefully bitcoin still has a good future at that time.
The same way we accumulate wealth and properties so we can take the proceeds to take care of ourselves when we grow old and become weak to work is the same reason I think most crypto investors are accumulating coins so they can also use the values to take care of themselves in old age.+
I don't know for others but for me, one of my primary purposes of storing coins now is to have a healthy and memorable old age as well as pass these values to my children and children's children
This microstrategy guy is also cruel, no matter how much bitcoin he has, when he dies he will burn his private key or bitcoins. A message that he doesn't want anyone else to benefit from his saved bitcoin. I just don't know if he also doesn't want to bequeath it to his child if he has one.Of course, everyone also get involved in making decision processes regarding how their wealth is to be dispatched, more so when dealing with the eminent risks associated with cryptocurrencies. Some may prefer when it comes to the issue of delivering bitcoin or any other asset more comfortable when they prefer not too. However, many persons seen wealth as an inheritance for the next generation with a probably hope that such a generation will benefit from such a legacy. However, in the aspect of security and trust managing Bitcoins is never very easy especially if one has to give the responsibility to the family members who may not know how to undertake such a task. However, if well planned for, then it turned out to be a good investment that favours us and our loved ones in the long-run.
Maybe when I get old and I know that I will soon return to earth, I will bequeath the bitcoin or crypto assets that I will save so that the benefits of my savings
for my child or family will not be wasted.