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

[rby]

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

[KryptoBull]

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

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Here's a great thought: we work and accumulate assets so we can be financially independent in our old age, not relying on our children's attitudes or success. At the same time, when we succeed, we also set an example for our children to learn from.

I also just hope that I'll have a lot of BTC so I can cover medical expenses when I'm old. I also hope I'll have enough health to travel with my family and use crypto for payments, and at the same time, tell my grandchildren stories about my early days in the crypto market

[gunhell16]

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.

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.

[Blaze]

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.

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.

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.

[KryptoBull]

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.

In 50 years, we'll probably have the full suite of services for crypto, including investment and inheritance management. I hope I'll be able to put BTC into a managed fund, and my descendants will receive the profits or the entire inheritance when they're ready.

Maybe we're worrying too much. In 50 years, crypto will be a familiar part of life, just like mobile banking apps are now. Young people pick up technology so quickly, and they'll master both blockchain and crypto really easily, without making many of the silly mistakes we're making now.

[Dr.Bitcoin_Strange]

In 50 years, we'll probably have the full suite of services for crypto, including investment and inheritance management. I hope I'll be able to put BTC into a managed fund, and my descendants will receive the profits or the entire inheritance when they're ready.

Maybe we're worrying too much. In 50 years, crypto will be a familiar part of life, just like mobile banking apps are now. Young people pick up technology so quickly, and they'll master both blockchain and crypto really easily, without making many of the silly mistakes we're making now.

Indeed, crypto and blockchain technology are still relatively new technologies and still have so much potential for future development, growth and adoption. Of course when these developments come to crypto, there’ll be so many things that’ll be discovered and introduced, things that’ll definitely make crypto usage or investment a lot more interesting, exciting and durable for everyone then.

[rachael9385]

Indeed we work hard during our early age to make sure things get in other so that even when we are old we won't depend on anyone. Our early age hustle will always provide meal for us when we are old so that we dont get to depend on children in old age. However, aside from that, one can also pass his crypto assets to his children (especially a next of kin) someone we can trust about about valuable assets that's won't miss manage it or lose them to scammers. IMO as we start to accumulate Bitcoin we should also teach our next of kin about crypto currency so that they will learn at early age too.

[KryptoBull]

Indeed, crypto and blockchain technology are still relatively new technologies and still have so much potential for future development, growth and adoption. Of course when these developments come to crypto, there’ll be so many things that’ll be discovered and introduced, things that’ll definitely make crypto usage or investment a lot more interesting, exciting and durable for everyone then.

Typically, every 25 years we experience a major technological breakthrough, for example, personal computers - the internet - blockchain - AI - quantum computing - nuclear energy. We've already witnessed the rapid development of the internet, and crypto/blockchain is still only in the early stages of its development journey. Young people adopt technology very quickly, and they also easily accept the value of assets in the internet space. Crypto will become simple and familiar to them in the next 50 years.

Society will always progress forward. If crypto is worthy, it will survive and be widely accepted. Our current task is simply to try and accumulate as many valuable tokens like BTC and ETH as possible to enjoy the rewards in our old age and pass on a meaningful gift to our children and grandchildren.

[gunhell16]

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

The crypto assets that I am saving now, honestly speaking, are for the benefit of my loved ones or my own family, of course I am also teaching this little by little to my wife and even to my child, I will also share it with my child at the right time.

But for the meantime, if I get earnings that are of great value in our fiat, I will buy real estate and other investments
that I can pass on to my family, of course.

[Tribalchief]

Typically, every 25 years we experience a major technological breakthrough, for example, personal computers - the internet - blockchain - AI - quantum computing - nuclear energy. We've already witnessed the rapid development of the internet, and crypto/blockchain is still only in the early stages of its development journey. Young people adopt technology very quickly, and they also easily accept the value of assets in the internet space. Crypto will become simple and familiar to them in the next 50 years.

And, one thing is for something to make a breakthrough in our society, while another thing is for that thing to survive over a lengthy period of time. Take the internet for example, since it's invention in 1983, it has been growing and making changes as well. These changes didn't wipe it out, but rather made it more advanced. That's literally the same feeling I have for Bitcoin. As long as the internet exist, Bitcoin will certainly last.  But further questions might start to arise after the entire mining process has been completed, because humans certainly loves to make exploit.

Society will always progress forward. If crypto is worthy, it will survive and be widely accepted. Our current task is simply to try and accumulate as many valuable tokens like BTC and ETH as possible to enjoy the rewards in our old age and pass on a meaningful gift to our children and grandchildren.

The best thing we can do for our next generation that isn't too far from us is to make something good out for this current technology like crypto. Passing down generational wealth will save the unborn from so many mess that already exist in the world today.

[Blaze]

The crypto assets that I am saving now, honestly speaking, are for the benefit of my loved ones or my own family, of course I am also teaching this little by little to my wife and even to my child, I will also share it with my child at the right time.

But for the meantime, if I get earnings that are of great value in our fiat, I will buy real estate and other investments
that I can pass on to my family, of course.

What you do now is not just investing, but investing in a responsible manner and ensuring the future care for the world. Sustainable business is not a term some people consider important in the short term while you have chosen to create something that is meant to outlive you and even be passed down from generation to another. Inculcating your family in the area of crypto at an early stage is also not just about technology but about a level of disclosure in the home. The property that is ensured by fiat income is also an evidence that you are not largely dependent on one kind of investment, which can be encouraging in turbulent years. I think as long as it is not done recklessly, with all kinds of information placed in one basket, you are in a rather secure position.

[densuj]

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

The crypto assets that I am saving now, honestly speaking, are for the benefit of my loved ones or my own family, of course I am also teaching this little by little to my wife and even to my child, I will also share it with my child at the right time.

But for the meantime, if I get earnings that are of great value in our fiat, I will buy real estate and other investments
that I can pass on to my family, of course.

Your approach to saving crypto assets for your familys future is both heartfelt and strategic, balancing long term vision with practical diversification. Teaching your wife and child about crypto gradually is wise it fosters financial literacy and prepares them for a world where digital assets may play a bigger role. Your plan to convert significant crypto gains into fiat for real estate and other investments is prudent, as it mitigates cryptos volatility and secures tangible assets for your loved ones. Real estate, in particular, offers stability and generational wealth potential, unlike cryptos unpredictable swings. Sharing this knowledge with your child at the right time ensures they inherit not just wealth but also the savvy to manage it. This blend of crypto enthusiasm and traditional investment reflects a thoughtful legacy building mindset, prioritizing your familys security while embracing new financial frontiers.

[MRY]

Your approach to saving crypto assets for your familys future is both heartfelt and strategic, balancing long term vision with practical diversification. Teaching your wife and child about crypto gradually is wise it fosters financial literacy and prepares them for a world where digital assets may play a bigger role. Your plan to convert significant crypto gains into fiat for real estate and other investments is prudent, as it mitigates cryptos volatility and secures tangible assets for your loved ones. Real estate, in particular, offers stability and generational wealth potential, unlike cryptos unpredictable swings. Sharing this knowledge with your child at the right time ensures they inherit not just wealth but also the savvy to manage it. This blend of crypto enthusiasm and traditional investment reflects a thoughtful legacy building mindset, prioritizing your familys security while embracing new financial frontiers.

In my opinion, the most convincing concept of your move is the attempt to include your family into it. All the financial details are personal to many people, yet you decided to reveal some to them step by step. That enables your children to have a healthy growth environment and also ensures the same for your partner. Crypto and property diversification substantially reduce the impact of adverse conditions on your portfolio. That is the kind of knowledge that makes people transfer some of their cryptocurrencies to actual property or other tangible assets. Still, not everybody is capable of such balance, and I believe, you follow a reasonable course.

[Gurujebs]

In my opinion, the most convincing concept of your move is the attempt to include your family into it. All the financial details are personal to many people, yet you decided to reveal some to them step by step. That enables your children to have a healthy growth environment and also ensures the same for your partner. Crypto and property diversification substantially reduce the impact of adverse conditions on your portfolio. That is the kind of knowledge that makes people transfer some of their cryptocurrencies to actual property or other tangible assets. Still, not everybody is capable of such balance, and I believe, you follow a reasonable course.

I know that extra layer of security is what matter most in crypto but I will be happy to involve my lawyer and my family if I'm going to leave my crypto to my family, that's if I die and I couldn't hold to when I have plan initially because it wouldn't be funny if you die holding Bitcoin and nobody has access to it, I can't even think about how your family might be lacking while you lay on grace knowing nothing.

If you involved your lawyers and family, it's fine but make sure your paperwork is done and then you can go enjoy your life as usual like nothing happened. If you later have a plan change to use your Bitcoin before you die, you can do and as well as inform the parties involved about your change of plan.

[vegasus]

I also just hope that I'll have a lot of BTC so I can cover medical expenses when I'm old. I also hope I'll have enough health to travel with my family and use crypto for payments, and at the same time, tell my grandchildren stories about my early days in the crypto market

Planning savings for old age is indeed very necessary, especially if we are not civil servants, so we ourselves have to plan our pension funds. Because, it will require a lot, for health funds, daily needs when you are no longer able to work, and other funds that certainly require money, whether a little or a lot. And investing in Bitcoin can indeed be one of the things that is very worth it to do.