In the end, Bitcoin is a currency, so you should keep it safe on your own and don't depend on exchanges which existed for less than ten years.
I agree, a lot of people have lost money just because they left their assets on exchanges. A friend of mine previously deposited his property on the poloniex exchange, after which they deleted his entire account without giving any explanation. 
Topic: Bitcoin a sure legacy - page 3. (Read 825 times)
Bitcoin is an investment in search of profits, people cannot know in the future how the value of bitcoin will continue. If someone wants to keep his children and grandchildren, I think he should split 50% in gold and 50% in Bitcoin.
If it's about the inheritance, bitcoin is also a good choice as the value of it is continuously increasing and already been considered as a digital asset. But not all will gonna agree about inheriting bitcoin to offspring as the process can be complicated like private keys, passwords, paper wallets, etc. However, I am also open minded about that idea. Since I've been accumulating more bitcoins and wanted to store some for future financial use, inherit it to my children will also help them to know about this great technology.
If you also think about the limited supply of bitcoon and we are thinking about the future, then it's probably be a good investment that wr may inherit since the value will surely rise as the supply will become lessen.
I think it would be foolish to disagree with the inheritance of bitcoin just because of these complexities, especially considering how good and promising an idea it is for the next generation, and these difficulties are not insoluble. But I think that this system will be improved in the future. If you also think about the limited supply of bitcoon and we are thinking about the future, then it's probably be a good investment that wr may inherit since the value will surely rise as the supply will become lessen.
I think the bitcoin has already left a legacy because it's run for so long and this is not even stopped for a meantime so do we expect this happen of course not many people are now supporting the use of this coin which is a good thing not only on the use of transactions instead in different aspect too. Time by time there are people who discovered the use of bitcoin and they are increasing to support this by making an investment and mode of transactions also it has benefits to the user and preventing the tax. If there is a chance to my child I will inherit just one bitcoin each of them just to make sure their future incase I bought in a good marker price and hodl for a long time.
If it's about the inheritance, bitcoin is also a good choice as the value of it is continuously increasing and already been considered as a digital asset. But not all will gonna agree about inheriting bitcoin to offspring as the process can be complicated like private keys, passwords, paper wallets, etc. However, I am also open minded about that idea. Since I've been accumulating more bitcoins and wanted to store some for future financial use, inherit it to my children will also help them to know about this great technology.
If you also think about the limited supply of bitcoon and we are thinking about the future, then it's probably be a good investment that wr may inherit since the value will surely rise as the supply will become lessen.
If you also think about the limited supply of bitcoon and we are thinking about the future, then it's probably be a good investment that wr may inherit since the value will surely rise as the supply will become lessen.
If at early age we will teach our children or peoole we trust on accessing our crypto or even left list and guides on how to access it it can be a good replacement for will, if much better have both. Though just left with some guides may still not be applicable if they don't know its purpose unlike in having some property to give with. I will just use some of my crypto to buy real estates and do business if it hits my target but if something happens I will left some notes along with insurance policy contracts indicating keys and exchanges. But if it will happen so sudden like due to accident it will just be left on exchange or wallets, so better atleast let someone we trusted know now that we do crypto transactions, we never know what may happen especially now we are in Pandemic just make sure to teach only those we trusted on how to use crypto wallet or exchange even not giving yet the keys, so if ever something happens they might look and check our phones or files to see whether we have some notes for them.
Bitcoin has created a legacy because it has revolutionized the way that society handles money. Bitcoin can transcend generations and we are committed to doing so. Bitcoin can reach people without banks as well as people who own all banking services.
Bitcoin can be your own bank, you can have bitcoin at any time anywhere in the world.
You can save Bitcoin for the future of your family and that example transcend for generations.
If we believe it, we can make Bitcoin always strong, a leader and the most popular.
Bitcoin can be your own bank, you can have bitcoin at any time anywhere in the world.
You can save Bitcoin for the future of your family and that example transcend for generations.
If we believe it, we can make Bitcoin always strong, a leader and the most popular.
Many said this is highly unlikely because normally you need lawyers to pass your credentials to your loves ones to pass on your wealth. But with Bitcoin when you die there's no one who will know your private keys. I don't know if there are laws of this kind of inheritance or is it even accepted by government policies. But one way to bypass this obstacles is use automated tools services such as automatic email sender and schedule it to send an specific email on the given date.
I remember when someone has compared or a documentary shown an example of what's it's like with bitcoin today. The old times, there's the gold rush.
While for us, there's the bitcoin rush and everyone who's buying it as early as before and even today, which is still considered a good time to buy are in good times if you consider yourself a long term investor.
This is like we're betting for an all-in or go broke in the future but I'm here and holding but I have my plans.
While for us, there's the bitcoin rush and everyone who's buying it as early as before and even today, which is still considered a good time to buy are in good times if you consider yourself a long term investor.
This is like we're betting for an all-in or go broke in the future but I'm here and holding but I have my plans.
Bitcoin is a thing that a person might have a better life in the future, not only as for investment but it makes their life easier for the fastest and less hassle transaction using Bitcoin. But I tend to disagree saying Bitcoin is a SURE Legacy because in this kind of market, its volatility feature makes things unclear, and definitely we can't get assurance on this. This will also depend on the hands of the successors that will carry over if he/she can manage this carefully.
Well, inheritance is a problem for sure. People will not be always able to inherit their bitcoins to their children/grandchildren. First of all, they can't do it typically. The only way is to give them the wallet/private key and explain them that only if I die, the coins are yours. So, the first problem is a little about trust. The second is the fact that, someone's children may not know what is bitcoin. The person that owns the bitcoins, owns them, because he wanted to own them. The children, though, must learn what is bitcoin and I'm not sure that this will work on every occasion. Especially if we're talking about taking bitcoin more securely.
I'll tell you what I believe. After some decades that bitcoin will have successfully reached the moon and will also see Elon Musk from Mars, about 15 million bitcoins will be in circulation. The other 5 will be burnt/dead. Thereafter, we will see that bitcoins will start getting loss. For example if someone owns 10BTC and does not save them for his family, they are probably gone. Thus, I believe that someday, after halvings, the bitcoins that will be generated everyday will be fewer than those that will be loss. Not sure how much will this affect the price.
I'll tell you what I believe. After some decades that bitcoin will have successfully reached the moon and will also see Elon Musk from Mars, about 15 million bitcoins will be in circulation. The other 5 will be burnt/dead. Thereafter, we will see that bitcoins will start getting loss. For example if someone owns 10BTC and does not save them for his family, they are probably gone. Thus, I believe that someday, after halvings, the bitcoins that will be generated everyday will be fewer than those that will be loss. Not sure how much will this affect the price.
It is highly advisable to purchase bitcoin because of its increasing value and the benefits attached to owning one in our present society.
i disagree. bitcoin should only be purchased when one sees the benefit of using this decentralized money that the government can not control and the banks can not corrupt.
otherwise if you aim to only buy bitcoin to earn more of the same corrupt fiat then you didn't understand what bitcoin is. and people should definitely not be encouraged to buy bitcoin because its value is going up!
Yeah I really like your contribution because it made me to flash back, purchasing bitcoin because of its down fall,when you are not informed of bitcoin is really bad, because you must know the basic knowledge of bitcoin before adventuring into it. I buy your ideas @BrewMaster.
It is highly advisable to purchase bitcoin because of its increasing value and the benefits attached to owning one in our present society.
i disagree. bitcoin should only be purchased when one sees the benefit of using this decentralized money that the government can not control and the banks can not corrupt.
otherwise if you aim to only buy bitcoin to earn more of the same corrupt fiat then you didn't understand what bitcoin is. and people should definitely not be encouraged to buy bitcoin because its value is going up!
As generations transcends people keep inheritable valuables for their descendants, something the can always hold onto, something they can use to start up life even when the economy is unstable. Bitcoin in our present era is currently on of those valuables one can keep as a legacy considering the constant increase in bitcoin as the day goes by. It is highly advisable to purchase bitcoin because of its increasing value and the benefits attached to owning one in our present society. Bitcoin has come to reduce bulky currencies and made transactions even more easier when compared 2 circular currencies. With the advent of bitcoin transactions across the continents has been made even more easier reducing the stress of currency exchange
it is very sure that bitcoin is a legacy ,it is 1 decade past that bitcoin still strong even their partners and among all in the cryptocurrency.bitcoin will never disappear and it will grow and grow until the investors have losing trust Additionally, having bitcoin as an only legacy asset is a risky one, expand your investment to avoid huge loss to you and your downsides.
I refute the fact that having bitcoin as asset is risky, because every business we adventure into, is made up of risk,for example, importation of goods,serving money in the bank is also a risk,for further clarification entrepreneurship let us know that an entrepreneur is a risky taker.
So therefore without risk a business can't propagate.
We make money with great difficulty. So my opinion is that it is better not to invest this hard earned money in Bitcoin or other cryptocurrencies. Now the question may be why I am not. And the reason is that if you invest in Bitcoin and other cryptocurrencies, there is a risk of loss. So like me, don't leave your future generation with such an uncertain asset. They may not inherit it.
Bitcoin can be a legacy for your kids or family because now, becoming an asset can help us have better financial in the future.
Although the bitcoin price is still fluctuating and we don't know where bitcoin price will go, we could still buy and hold bitcoin from now on.
And when the price can increase higher in the future, we can sell it and give our family money.
But we can give the bitcoin as the legacy to them and tell them not to sell bitcoin if the price does not yet increase so high or urgent situations that need money to solve the problem.
Although the bitcoin price is still fluctuating and we don't know where bitcoin price will go, we could still buy and hold bitcoin from now on.
And when the price can increase higher in the future, we can sell it and give our family money.
But we can give the bitcoin as the legacy to them and tell them not to sell bitcoin if the price does not yet increase so high or urgent situations that need money to solve the problem.
The adoption and usage of bitcoin increases daily as its eases the means of transacting payments in micro seconds over local fiat bank currencies. I agree with you that bitcoin is a future valuable asset, but investors have refuse to understand and keep up the storing/privacy policy. Series of stories about lost bitcoin through death is circulating around the crypto corner due to failure keeping private key for their children and grandchildren for easy recovery if you're no more.
Additionally, having bitcoin as an only legacy asset is a risky one, expand your investment to avoid huge loss to you and your downsides.
Additionally, having bitcoin as an only legacy asset is a risky one, expand your investment to avoid huge loss to you and your downsides.
You're confused between legacy and conservative. Bitcoin took conservative approach, but it doesn't mean Bitcoin is legacy or worse than other cryptocurrency.
A legacy can be said to be a valuable irrespective of the format it tends to come in. Since bitcoin can be handed down to people after uYou so I see it as a legacy
I agree that bitcoin is an asset in the future, even for the children and grandchildren, it can be inherited with the condition that the bitcoin wallet is included with the grandchildren, if the wallet is hidden, the children and grandchildren cannot feel the inheritance.
Who would hide something if they like to inherit their bitcoin, they will surely give all the information and files to access the bitcoin in the future, it's a good inheritance as the value continues to increase as the demand continues, however, there's always a risk, what we are looking is only the positive side, how about the possibility that bitcoin may fail. Jump to: