Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Rruchi man on May 02, 2025, 10:16:35 PM
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I lost a friend this week; he was meant to be 30 years old today, but he died a few days before his birthday today and was actually buried today. It is terrible news, and it got me thinking that death can be untimely, and it is not only the old or terminally ill that are close to death but also anyone; most investors in bitcoin will not get to old age to actually enjoy their investment. Thinking about that, it has to be said that planning for who to own your bitcoin after your death does not have to be when you are old but when you have accumulated bitcoins to a sufficient amount.
As your investments begin to mature into a considerable amount, while you consider the security and safety of it, it is also important that you consider the situation where you die suddenly and your Bitcoin gets lost; no investor would want that except they have no family and friends worthy enough for it.
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I lost a friend this week; he was meant to be 30 years old today, but he died a few days before his birthday today and was actually buried today. It is terrible news, and it got me thinking that death can be untimely, and it is not only the old or terminally ill that are close to death but also anyone.
To start with Rruchi man my condolences on your loss of a loved one. Sad thing is although death always comes either way it's never a cheerful encounter especially towards the ones we love. May he rest in peace...
Anyways the thing is you can actually make your Hodlings known to family members just in case something like this happens but still it's best to be optimistic about life. Although life is short it's definitely worth living..
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There's nothing as painful as losing a loved one, be it a friend or family member. My condolences to you mate.
Regarding investment, everyone should make a way for NOK (Next of Kin) or a sibling(s) (in a situation where one is not yet married) that can take control of the person's holdings. Situations like this can make an account and Bitcoins stored there, remain there forever and which will never be able to flow into the market.
Having a document where all these important passwords, keys, phrases etc that are required for possession be made known in rare, but close times. No one knows when death can happen, and for that, one can't prepare for it. That's why it's called a thief, it comes when it is not or least expected.
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Rest in peace to your friend man, and my condolences.
When it comes to inheritance and access of the assets its should be planned and prepared. Just like your life insurance. Much better if you have your last will and make it legal, do make instructions and keep your keys safe. If you dont want an attorney or an executor, then keep those copy of your keys on a safe place but still accessible by your family if you somewhat accidentally died, always provide instructions on how to recover them.
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When it comes to inheritance and access of the assets its should be planned and prepared. Just like your life insurance. Much better if you have your last will and make it legal, do make instructions and keep your keys safe.
That's actually true but you hardly see cases of people planning their inheritance when the are not yet aged or when they are not suffering from some life threatening disease or accident. Infact someone making such moves will give a lot of people the wrong impression that he's planning his death even if it's not actually the case.
Even in the cases of having a will and related stuff, we've also seen cases where lawyers steal some belongings via documentation after the demise of the victim.
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It's a actually a sad thing to hear about such news about your friend. Once again, more reasons why we should consider informing someone close to us about our investments. We know how life is. You might come across a person just few seconds ago and later hear that he or she's gone. Death is inevitable so we as humans should take it as something that would come at will. We have to plan before hand to make sure our investments doesn't waste away while our family loved ones sits there weeping.
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That's actually true but you hardly see cases of people planning their inheritance when the are not yet aged or when they are not suffering from some life threatening disease or accident. Infact someone making such moves will give a lot of people the wrong impression that he's planning his death even if it's not actually the case.
Well, that's true. But not all the time when most insurance are rampant now. I do have life plan insurance, as well as memorial plan. It's for financial security so those left behind so they don't get more problem aside from lossing you, well, its like a taboo, because some misinterpreted it like you wish death for them or for you lol but you need to do it, and be open minded if what will happen in the next future.
Even in the cases of having a will and related stuff, we've also seen cases where lawyers steal some belongings via documentation after the demise of the victim.
There are case like this, thats why you need to choose trusted lawyer, a family lawyer and is not blood related is the most recommended, i guess.
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It is one to be considered and it's a good topic because others might think this is too much of a topic but, no. This is a real deal and could happen to anybody that's invested into this market. And that's why we have to plan things ahead of time before something unexpected happens. The first thing we need to do is to teach our successors or heiress on how to navigate wallets and import the private keys that we'll give them. Time by time, little by little and soon they'll also learn that before we pass.
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Sorry for the lost, is sad for your friend to die at that young when he could have had so many things to dream of, however all you have said is very meaningful and advising because nobody knows what is coming and like you said it can be a general something that somebody can stay without any form of sickness and passed away, so actually all this things that's always happening should tell people who are so advanced in age to start looking for an alternative of bringing there next of king into it because is a waste to invest and nobody is there when person is no more.
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Sorry for your loss.
It's a nice reminder for people who want to give their wealth to their family members. I remember reading many articles about this topic a few months ago. Some threads also show up here and there asking how people should prepare their inheritance.
Some of them suggest relying on a third party for convenience, which is what most people look for. But I'd suggest learning about time-locked transactions and finding other solutions instead of using a third-party. We should reduce reliance on a third party if possible, because of the possibility that you won't be able to recover your wealth because of their complex TOS.
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That's very young, and so sorry for your loss.
This is a very sensitive topic, even though we always address it once in a while neglecting the fact that life can be very unpredictable. No matter how we want to look at it, it all still boils down to the issue of "Trust". I know for sure that some people don't really care about who is deemed worthy to know about these things (like ones personal seed phrase and holdings), but the truth is, People sometimes change. At the end of the day, we all will still have to weigh our options properly, and issue those sensitive information if we think it worth it.
The bottom line is, someone close should be aware of what you do.
That is already more than enough information for them to know what to do when such circumstances occur because they will certainly know that there is a seed phrase and a whole bunch of sensitive information to search for.
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As your investments begin to mature into a considerable amount, while you consider the security and safety of it, it is also important that you consider the situation where you die suddenly and your Bitcoin gets lost;
You also have to consider if all your family dies, and if all of Earth is destroyed, and if your investment is worthless one year after you die..
And if you start thinking of all the possibilities, it simply means you're wasting your life planning for your death, which is kind of stupid
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Honestly we can't plan our death, it can happen anytime and in the most unexpected ways so we can be prepared for that right now. Share your private keys with your family? If you trust them with all of your life savings then yes. There are also features like timelock that will help with the inheritance for your kids.
If you ask me get a good life insurance and teach them how to become rich while you keep depositing some once in a while in their accounts.
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As your investments begin to mature into a considerable amount, while you consider the security and safety of it, it is also important that you consider the situation where you die suddenly and your Bitcoin gets lost; no investor would want that except they have no family and friends worthy enough for it.
I don't wanna share my assets with anybody, cause they are mine, earned by me only and if I suddenly, they'll disappear along with me. I could care less to share what's mine with anybody else.
I am alone, and don't have wife or kids and may be that's why I don't understand attachments some people have with those relations and they share their assets with 'em.
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I believe you really need to make plans for your investments and maybe get a loan so your loved ones can see what you are doing and what you have. You need to be ready when the unexpected happens.
Condolences OP.
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As your investments begin to mature into a considerable amount, while you consider the security and safety of it, it is also important that you consider the situation where you die suddenly and your Bitcoin gets lost; no investor would want that except they have no family and friends worthy enough for it.
There should be someone to trust in the family or maybe wife and children who is that close to their parents (investor) to be able access their investment when they are no longer in existence, and you are right death is unpredictable and can come at any given time when they aren't prepared about their death. In family we should always have someone to entrust our keys and seedphrase and even if that person doesn't know the whole concept about how the seedphrase works at least they should be aware that it is something that relates with bitcoin.
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I lost a friend this week; he was meant to be 30 years old today, but he died a few days before his birthday today and was actually buried today. It is terrible news, and it got me thinking that death can be untimely, and it is not only the old or terminally ill that are close to death but also anyone; most investors in bitcoin will not get to old age to actually enjoy their investment. Thinking about that, it has to be said that planning for who to own your bitcoin after your death does not have to be when you are old but when you have accumulated bitcoins to a sufficient amount.
As your investments begin to mature into a considerable amount, while you consider the security and safety of it, it is also important that you consider the situation where you die suddenly and your Bitcoin gets lost; no investor would want that except they have no family and friends worthy enough for it.
Death is the only permanent thing for us. We live our lives with death in mind, but we forget about death because of this false world. We constantly run after this world, but we are never prepared for death, or we cannot realise what death is. This is how we fall into the lap of death at some point.
The things you highlighted here are essential, but we always avoid them even though they are important. My condolences to your friend who has left the illusion of this world and gone to the other side. I have made a system so that someone in the family can use the money we deposit in our absence. Every family needs to have such a system.
I have shared all my investments with an important person in my family so they can use them if something happens to me. I don't know what you do, but I have planned such a system.
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I lost a friend this week; he was meant to be 30 years old today, but he died a few days before his birthday today and was actually buried today. It is terrible news, and it got me thinking that death can be untimely, and it is not only the old or terminally ill that are close to death but also anyone; most investors in bitcoin will not get to old age to actually enjoy their investment. Thinking about that, it has to be said that planning for who to own your bitcoin after your death does not have to be when you are old but when you have accumulated bitcoins to a sufficient amount.
As your investments begin to mature into a considerable amount, while you consider the security and safety of it, it is also important that you consider the situation where you die suddenly and your Bitcoin gets lost; no investor would want that except they have no family and friends worthy enough for it.
- It's sad that this happened, and I sympathize with your late friend @Rruchi man, there's nothing we can do because accidents really come when we don't expect them, or our passing away is just around the corner, it's just a matter of time. And we don't know nor does anyone know when we will live on earth.
That's why we should always entrust our lives to God and be grateful for every life he gives us every day, of course as investors we need to have trust in crypto assets just in case something unexpected happens to us so that they can benefit from what we are doing.
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As your investments begin to mature into a considerable amount, while you consider the security and safety of it, it is also important that you consider the situation where you die suddenly and your Bitcoin gets lost; no investor would want that except they have no family and friends worthy enough for it.
There should be someone to trust in the family or maybe wife and children who is that close to their parents (investor) to be able access their investment when they are no longer in existence, and you are right death is unpredictable and can come at any given time when they aren't prepared about their death. In family we should always have someone to entrust our keys and seedphrase and even if that person doesn't know the whole concept about how the seedphrase works at least they should be aware that it is something that relates with bitcoin.
This would be definitely be pertaining about trust in between family members on which we know that when it comes to have access or letting them know about private keys will be that definitely that giving out that doubt that these funds you've been saving up or been accumulate will be that put up into potentially being stolen or being spend up. When it comes to death then this is something inevitable for everyone on which everyones dies and there's no way on knowing on when it would happen. It doesnt matter on how old or young you are on which if its your time then it will be your time and thats why ideal that you should be coming prepared on how you do pass up those coins at the time that you will passed away.
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Sorry!
Yes, planning ahead of all uncertainty in the future, wether death, sickness, disasters etc is very important, nobody can tell what will happen tomorrow. Life is very short, we can not determine the time of death, it may comes at a younger or older ages.
Planning for crypto assets for the future is very necessary and the those you handle all your assets should enlightened as time (life) progresses. We may have trusted family members and friends to be in possession of wallet keys, and for the married, you can handle your wallet keys to your children, but we should endeavor to teach them everything about Bitcoin and the blockchain technology.
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I lost a friend this week; he was meant to be 30 years old today, but he died a few days before his birthday today and was actually buried today. It is terrible news, and it got me thinking that death can be untimely, and it is not only the old or terminally ill that are close to death but also anyone; most investors in bitcoin will not get to old age to actually enjoy their investment. Thinking about that, it has to be said that planning for who to own your bitcoin after your death does not have to be when you are old but when you have accumulated bitcoins to a sufficient amount.
As your investments begin to mature into a considerable amount, while you consider the security and safety of it, it is also important that you consider the situation where you die suddenly and your Bitcoin gets lost; no investor would want that except they have no family and friends worthy enough for it.
So sorry for the loss of your friend bud, this is a clear reminder that this world we live in is not our permanent place, for some of us who realize this, maybe this would help us to live a better life, I send my condolences, it's very unfortunate that your friend had to leave this world at such a tender age, he was going to be 30 years old in few days before his death, what that means is that he died at the age of 29 years old, really unfortunate..
And thanks for this, the issue of having a next of kin for our crypto wallets is one that been discuss here before, and I like I did mentioned before, this post serves as a very good reminder and a call to us all who are yet to consider doing this, i hope those who really need to will listen and do what is right..
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People don't remember death now which is why they buy bitcoin and think that they want to enjoy it in the future. However, there are many whose wallet information is known to their family so if they die their family can enjoy that bitcoin fund. Most of the time the funds of the deceased person remain dormant because the crypto assets cannot be touched, which means you cannot use them even if you want to. I have not been involved in such experiences in the past but this is purely a personal opinion. We should all share our crypto wallet information with family members so that they can access the money if we die.
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I have a friend who is also familiar with crypto and we often discuss it. My family also knows that I have some money in crypto.
So if that situation happens and I haven't had the chance to tell my family about my assets. Then I'm sure my friend will tell my family and will look for it, whether it's on my computer, my phone, or anywhere else I have.
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We should really think about this, but it's actually scary to think about. For now, my wife is also more or less familiar with Cryptocurreny and my wife knows about my job. But for the passwords - the passwords of all my crypto accounts my wife does not know, maybe the time will come when I will give them all but not now.
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As your investments begin to mature into a considerable amount, while you consider the security and safety of it, it is also important that you consider the situation where you die suddenly and your Bitcoin gets lost;
You also have to consider if all your family dies, and if all of Earth is destroyed, and if your investment is worthless one year after you die..
And if you start thinking of all the possibilities, it simply means you're wasting your life planning for your death, which is kind of stupid
I anyone die his investment will worthless it also true but if we able to made a person from my family educated about my investment then our family will be benefited. If we always think about die then we don’t do anything in our life.
So i think we have to prepared always for die and also we have to concern our work till we alive. Because we know man is mortal. But we have to do all task till we alive.
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As your investments begin to mature into a considerable amount, while you consider the security and safety of it, it is also important that you consider the situation where you die suddenly and your Bitcoin gets lost; no investor would want that except they have no family and friends worthy enough for it.
There should be someone to trust in the family or maybe wife and children who is that close to their parents (investor) to be able access their investment when they are no longer in existence, and you are right death is unpredictable and can come at any given time when they aren't prepared about their death. In family we should always have someone to entrust our keys and seedphrase and even if that person doesn't know the whole concept about how the seedphrase works at least they should be aware that it is something that relates with bitcoin.
Actually, your comment is also very appropriate in this time. So i am also agree with your prefer comment. I am also plan of our family. Because when we will die,my investment will receive my wife and son. So if we want to invest in future it not be wast for me. So when we want to invest in any crypto, we should select profitable crypto must. So i think that bitcoin will be best profitable crypto in cryptocurrency market.
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As your investments begin to mature into a considerable amount, while you consider the security and safety of it, it is also important that you consider the situation where you die suddenly and your Bitcoin gets lost; no investor would want that except they have no family and friends worthy enough for it.
I was thinking of this before but right now I have nothing to worry since I don't have that much Bitcoin other than my weekly signature earnings. But if I had that many coins then I think investing half of them into property would be great since successors or family members can still benefit from it.
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It is truly heartbreaking that you have lost your friend at such a young age. It is very difficult to accept such an unexpected death but there is no other way but to response to the call of nature. You have discussed an important issue. Especially for those who are new, there is definitely a lesson to be learned from this. However, you have said one thing here that those who have done well in investing should resolve this issue quickly. I think if the issue is taken seriously and proper steps are taken even earlier, from the time of starting the investment, then it will be possible to avoid such situations in the future. One should inform someone close to about his investment and security keys and pass phrase etc. as soon as possible.
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I lost a friend this week; he was meant to be 30 years old today, but he died a few days before his birthday today and was actually buried today. It is terrible news, and it got me thinking that death can be untimely, and it is not only the old or terminally ill that are close to death but also anyone; most investors in bitcoin will not get to old age to actually enjoy their investment. Thinking about that, it has to be said that planning for who to own your bitcoin after your death does not have to be when you are old but when you have accumulated bitcoins to a sufficient amount.
As your investments begin to mature into a considerable amount, while you consider the security and safety of it, it is also important that you consider the situation where you die suddenly and your Bitcoin gets lost; no investor would want that except they have no family and friends worthy enough for it.
It is very sad that he died at such a young age. Bitcoin wallets are designed in such a way, especially non-custodial wallets, that a private key or passphrase is required to accept the wallet. So if you do not share it with a second person, then no one will be able to access them after your death. But here is another thing, if you share your private key with someone, then while you are alive, someone can accept them and manage the entire fund. So there is a risk of losing assets in both cases. However, you can inform the most trusted person in your family where your private key is so that they can access it after your death. Such a trusted person can be your wife, children, etc.
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I lost a friend this week; he was meant to be 30 years old today, but he died a few days before his birthday today and was actually buried today. It is terrible news, and it got me thinking that death can be untimely, and it is not only the old or terminally ill that are close to death but also anyone; most investors in bitcoin will not get to old age to actually enjoy their investment. Thinking about that, it has to be said that planning for who to own your bitcoin after your death does not have to be when you are old but when you have accumulated bitcoins to a sufficient amount.
As your investments begin to mature into a considerable amount, while you consider the security and safety of it, it is also important that you consider the situation where you die suddenly and your Bitcoin gets lost; no investor would want that except they have no family and friends worthy enough for it.
Sorry to hear that, it is really scary that a person planned for the last moment that they might have moments like a person in hospital in their old age and they will give their phrases to their child, but a sudden death is also possible, and nowadays, due to junk food, high blood pressure, and cholesterol, things are bad for many young people.
I also count myself in this, I don't exercise, so if we have some funds, we should definitely tell someone about it or we should hire a lawyer who could donate it at least after us. BTW, I have told my brother about my investments and how he can access them. Just in case, we should be prepared for the worst.
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It is very sad that he died at such a young age. Bitcoin wallets are designed in such a way, especially non-custodial wallets, that a private key or passphrase is required to accept the wallet. So if you do not share it with a second person, then no one will be able to access them after your death. But here is another thing, if you share your private key with someone, then while you are alive, someone can accept them and manage the entire fund. So there is a risk of losing assets in both cases. However, you can inform the most trusted person in your family where your private key is so that they can access it after your death. Such a trusted person can be your wife, children, etc.
I think we all need to have our own personal space that no one can access in our absence, I'm talking about our family. And it would be best to keep our investment data in that space.
And besides, I think every person has at least one trusted person in the world, like in some cases it could be their parents and in many cases it could be their life partner. I think you should share your investments with them at least so that they can recover them from your personal space in the future.
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As your investments begin to mature into a considerable amount, while you consider the security and safety of it, it is also important that you consider the situation where you die suddenly and your Bitcoin gets lost; no investor would want that except they have no family and friends worthy enough for it.
That's terrible news. I am sorry for your loss. We should certainly work on our plans, we should not wait for old age because death can come to anyone at anytime, therefore if we are investing for long term, then we should give the details not all but minor, to our friends, mother or father whom we could trust with our money.
We should not trust anyone who says they will do anything for you but in the end they are the first one to refuse, we should chose wisely here. Once we find the person we can directly tell all the details but is it safe even to tell only one dude, what if two of us driving and in car accident we both pass away?
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As your investments begin to mature into a considerable amount, while you consider the security and safety of it, it is also important that you consider the situation where you die suddenly and your Bitcoin gets lost; no investor would want that except they have no family and friends worthy enough for it.
Of what profit will it be to an investor to invest all his assets into crypto and when he passes away, no one close or trusted by him/her could inherit his assets? Absolutely no gain and that's why I don't think any crypto investor will want that to happen to him or her and that's why I think it's very necessary for us as crypto investors to make sure our private keys and security keys to our digital assets should either be willed to our close or trusted relatives now that we're alive so we don't end up regretting since we do not know our deathday
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As your investments begin to mature into a considerable amount, while you consider the security and safety of it, it is also important that you consider the situation where you die suddenly and your Bitcoin gets lost;
Our Bitcoin accumulation getting lost when we die of sudden; is it what will raise concerns? Many people lose their properties that weigh billions of dollars, and life still goes on without holding on a bit.
If peradventure we didn't tell anyone about our Bitcoin accumulation before we die, life goes on, and our families will survive on their own without our wealth. We were born into the earth empty-handed, and we are leaving the earth with nothing. I don't bother myself with the wealth to accumulate on earth because they will all be vanity when we are no more. The living will squander the wealth we suffer to build over the years for our good. Why are we bothered about them when they can survive without our wealth(us) existing.
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Our Bitcoin accumulation getting lost when we die of sudden; is it what will raise concerns? Many people lose their properties that weigh billions of dollars, and life still goes on without holding on a bit.
Well, it's not going to be that way, there's no harm in giving clues to some of your closed ones about your assets as if you don't then you won't be able to do anything if you die out of no where. No one knows when they're going to die, and for safety of the assets it's better to give your loved ones some clue about it.