What will you do with your crypto assets when you get old?

[Chilwell]

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.

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.

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.

[nowak_bosch]

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.

It's okay, as long as we don't mourn such opportunities too much.

Sure thing, we may of made a fortune being smarter in the past - but this time is gone, and we need to work with things that we have today.

[KryptoBull]

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.

But I'm thinking of a more positive solution: I can create a crypto fund and use the profits from it for charity. In case my children and grandchildren need it, they can use it to have a chance to rebuild their lives in difficult situations.

[JollyGood]

Since my previous post, I have reading some of the things members are posting. What surprises me is the genuine belief some members have that Bitcoin will be guaranteed to have some sort of meaningful price/value in the years to come. It takes just one move by the US or EU to tighten regulation or bring in their own coin, that event will slowly devalue Bitcoin before things change.

Bitcoin only has a future as a valuable asset if leading countries do not create a competitor and if they do not ban it.

[Mate2237]

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

[JollyGood]

This is a valid point. If the crypto in question are alt-coins that little value, what can be done with them? Even if it is Bitcoin but such a small amount, again what can be done with them. Basically if it is not a small fortune, will they be donated to charity or be allowed to be lost or maybe still distributed in a will regardless of their worth.

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

[legend45]

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

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.

[Legion]

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

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.

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.

[ajiz138]

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.

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.

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.

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.

We don't live alone and even when we are born we are taken care of by our family, or for those who are not lucky they still grow up even though they have difficulties. I think it is not wise for us to take revenge on others if our childhood was full of suffering by doing something like that.

[KryptoBull]

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.

Like many of our members have suggested, most of us want to gift these assets to our children and grandchildren, while also teaching them how to navigate and profit from this market. Fifty years is a very long time. The crypto market could change dramatically, and we might only recognize BTC when we open Coinmarketcap

[jeraldskie11]

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.

[Legion]

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.

[JoyMarsha]

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.

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.

[pieppiep]

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.

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.

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.

[JollyGood]

This is a common practice for many small investors. They want to be part of the profit without holding for the long term and instead would sell when they have the option to make a (small) profit. Wealthy investors and whales do not have to worry about the scenarios others have to face.

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.