Plan now, you could die suddenly as an investor. (2)

[Alone055]

Man, my condolences for losing your friend. It's true that death is uncertain, and all of us have to taste it sooner or later, and we never know when that is going to be, so it's always better to be prepared. Those of us who have religious beliefs tend to believe that we need to prepare for the final examination by doing good deeds when we are alive, earning as much virtue as possible, because we can only have a better place in the next chapter if we do so.

Talking about Bitcoin investments, you're right that those who have reasonable savings in Bitcoin should look for a way to let their loved ones know about their holdings in case of an unexpected demise. I believe one should at least have one person in their life that they could believe with anything, so that they can let them know about these things.

[Obim34]

Well we all will die and just like we figure out about how our other assets will be put to use after our deaths, we do regularly check on our crypto as well. It might sound okay to reveal important information to family about how to access any crypto in any wallet or exchanges we hold. But we never think about death so it's really very important thing to consider, considering how people can die at any time and at any age.

A perfect understanding of Bitcoin involves knowing that our portfolio should be initiated to someone else, for someone with family should be willed to wife or children and for any single person to siblings who are common with digital currencies perhaps able to navigate the blockchain since access won't be giving totally to them when you are still alive at least for some safety purpose.

Death doesn't give notice, even those on sick beds still have hope of becoming healthy, we'd best need to make arrangements before it catches up unexpectedly.

[ZAINmalik75]

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

Profit is only when someone close or needy could use that money otherwise if no one could cash that money to fulfill their needs or desires then what profit is that. We as investors should have a mindset of not only investing by spending too because I have learned that if we are only investing and making profit and investing again then we will die like a dude I watched on news who had 6+ million dollars which he earned all of his life.

By investing, profiting and reinvesting and lived a simple life, what good that money to him, he did not even had wishes like to ride some good cars, do something bigger in his life, he was just sitting on $6 millions because he did not knew what he could have done with that.

[Legion]

Man, my condolences for losing your friend. It's true that death is uncertain, and all of us have to taste it sooner or later, and we never know when that is going to be, so it's always better to be prepared. Those of us who have religious beliefs tend to believe that we need to prepare for the final examination by doing good deeds when we are alive, earning as much virtue as possible, because we can only have a better place in the next chapter if we do so.

Talking about Bitcoin investments, you're right that those who have reasonable savings in Bitcoin should look for a way to let their loved ones know about their holdings in case of an unexpected demise. I believe one should at least have one person in their life that they could believe with anything, so that they can let them know about these things.

Yes, indeed, the best dictum to which adheres to this grim fact is that the Lord has given everyone a ticket to the graveyard and no one can tell when his turn will come. That is why we have to learn how to manage everything we have in this world including cryptocurrencies such as the Bitcoin. Crypto currency is an interesting form of money that may be lost forever because it cannot be spent without the private key and if not passed on rightly, then passes with the owner. It does make sense to keep a secure record or inheritance system implemented and to pick a person you completely trust to choose. It is not a matter of gain only, why one has to work, for the responsibility towards that person who is to be left behind.