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

[SmartGold01]

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.

[Wonder Work]

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.

[Mr. Magkaisa]

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.

[milewilda]

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.

[Bobcrypto]

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.

[Fivestar4everMVP]

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..

[albon]

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.

[ajiz138]

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.

[Vx1]

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.

[kulkhan]

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.

[Azharul]

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.

[0t3p0t]

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.

[Rubel007]

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.

[JISAN]

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.

[Faisal2202]

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.