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

[Crypto Library]

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.

[ZAINmalik75]

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?

[rby]

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

[JoyMarsha]

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.

[SamReomo]

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.

[Legion]

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.

I agree, that one is a very big risk when one keeps everything to themselves. It also means many of families lose control over things they could deal with proficiently because no one is aware. You can have everything well arranged, but no one has the keys and it becomes useless when your hour is up. Telling people that you trust is a form of loving people in my own view but this is invisible love. Also it is not only the dollar figure on the line but the intention to ensure that upon passing through this institution , there is no creation of a cloud of confusion. It is very precious when there is a storey behind it, it doesn’t always take a big idea, but a simple gesture.

[DavetJack]

If such news comes to someone's life, it is really very sad. But I want to say that we need to inform our close people about these investments or they need to know about them. And there is no guarantee in our life when we can do that. It also happens that you have met and talked to a person a few minutes ago but after the next few minutes you can also hear that he is no more. And we have to accept that our death is inevitable, it can happen at any time. So we need to inform our closest people about this investment so that if something happens to you, he can use it later.

[yhiaali3]

I'm sorry for the untimely loss of your friend, It's extremely sad when someone dies young, but as they say here in my country  "death is truth," and everyonewilldie..

Regarding to the issue of passing on Bitcoin to our children or loved ones, this is essential, as you mentioned. It's not necessary for a person to be old enough to think about it; it should be considered at all times, because no one knows when their life will end.

Personally I'm still thinking about this. I'm trying to accumulate some Bitcoin for my children, but the problem is that life is becoming increasingly difficult and expenses are constantly increasing, making it hard for us to accumulate much. But we have to try.