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Topic: I Want To Invest Money From My Inheritance In Bitcoin, But? - page 3. (Read 361 times)

legendary
Activity: 3374
Merit: 3095
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I think the reason why they don't want to have or make own a Bitcoin is because they have zero knowledge of how to protect the wallet that is why they decided to put their money into you because they know you have knowledge of how to protect them.
It is just likely the same happened to me with my friend since he doesn't know much about Bitcoin and the risk of the internet he wants to buy Bitcoin and wants to send it to me and hold it for him because I know how to protect his Bitcoin.

Meaning your two brother trust you about their investment in Bitcoin.
What I would like to suggest make an offline wallet with two different and seed backups using the Electrum wallet make sure that you write them on the piece of paper put their Bitcoin in each of these wallets and then try to give the piece of paper to your two brothers and tell them that this is their wallet backup.
If they don't want then keep them in a safe place where no one knows where you hide them. Also don't forget to take one of the BTC addresses (Public key) from each wallet where you deposited BTC and then don't forget to erase the wallet from the offline device where you created these two wallets or format the hard drive for safety purposes.
If you didn't do that if someone uses that device that knows about Bitcoin they can take advantage to extract the seed phrase or make a copy of the wallet into a USB flash drive without your consent. So make sure to format the hard drive and later recover it using the seed phrase once your two brothers decide to sell it.
sr. member
Activity: 2366
Merit: 448
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Don't mix family and money. If Bitcoin drops, they'll blame you. If you lose their Bitcoin, they'll blame you.
Well, this is what I'm worried about, and while I'm sure in the long run Bitcoin will be profitable, I have to think about the risks because anything can happen. And I haven't made a decision yet because I need an opinion, because they are family.
copper member
Activity: 2170
Merit: 1822
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I do hope you are aware of the risks involved when investing in crypto or any other digital assets and thus why they always emphasize that you should invest what you can afford to lose so that should anything go wrong, you won't end up in a rock bottom and depressing situation.

It would be preferable that your other interested family members also decided to invest on their own and not make you the custodian of their money. Money breeds enmity even among family members as you grow. If things don't work out, you will be in a tight spot. It's better you just guide them through, and they also do the fishing for themselves.
hero member
Activity: 1659
Merit: 687
LoyceV on the road. Or couch.
Don't mix family and money. If Bitcoin drops, they'll blame you. If you lose their Bitcoin, they'll blame you.
sr. member
Activity: 2366
Merit: 448
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After my father died 3 weeks ago, we as 5 brothers agreed to fulfill my father's wishes by selling part of his land to be sold and distributed to 5 members. So my parents' house still has 250 meters of land next to my parents' house which is currently still occupied by my mother and two younger siblings and the land area of the house is also quite large.
Long story short, from the sale of 250 meters of land, 5 family members each received $4,400. And I have plans to buy Bitcoin to increase my Bitcoin amount in the near future so that the money is not reduced for unimportant purposes. Because it cannot be denied that if I see large amounts of cash, I will definitely want to buy what I want, not what I need.
And what confused me was that 2 of my family members, namely 1 older brother and 1 younger brother, wanted to share some of their money to invest in my Bitcoin. And they themselves don't want to do it for reasons, they don't want to bother.
Even if he wants, I will teach him to make a Bitcoin wallet. But they still don't want to and want to combine their money with my money to invest in Bitcoin, and they already know that I have been involved with Bitcoin for a long time and they also know about my changes. And maybe that's what makes them want to do it, so that their money will increase.
And this makes me confused and I haven't made up my mind about their money that they want to put into my Bitcoin, and they also know that investing in Bitcoin takes a long time to get good profits. And I'm always in this for the long term, and I need a way or an opinion so I can make good decisions.

And to be honest, I'm still in a state of mourning because of many things and stories that I can't just forget.
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