Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5325. (Read 26709845 times)

History $  Future BTC

For the coins to be inherited, education is one of the keys. You have to inform or teach your children or whoever will get your coins, on what is possible, and what you believe is the best use of them, as opposed to simply cashing it all out.

You have to teach them as early as you can, which may not work out well if the ones who will inherit what you leave behind are young children, in which case you need some sort of guardian to handle it for them and for you anyway. If you're a billionaire like the fictional Wayne family from Batman, you have your trusted butler Alfred. You can't stop your kid from becoming a masked vigilante but maybe he'll know what to do with your corns.

Multisig does not have to be overly complicated, plus most people in the normal world just have lawyers handle this. IF you really have a lot of corns, it wouldn't be too much to prepare for this and have 2 lawyers out of 3 lawyers that will be able to access the coins, (or they give the keys to your children, and your kids figure out how to spend it.)

If you can't trust your own kids to be able to handle this, and can't trust other people to help them handle this, then I'd argue you can let someone else have your corns instead, or have no one else have them, although that would be a waste.

I do have some people use me for this purpose but they put their trust that I will do their wishes upon their passing and take care of sending the corns to their kids either as a lump sum or some other arrangment like a monthly installment.

Could also try to get them an annuity plan and let the insurance company / bank take care of it, if you trust the bank or insurance company.

Explanation

next $50k -> $60k and welcome new ATH

#i'm_not_selling
#stronghand

The trust fund aspect is something that I have been thinking about creating a thread on such topic because it can be quite involved. 

Surely there are a couple of ways of thinking about it, and one aspect would be if you already feel that you have an excessive quantity of coins, then you might put those coins into such fund and then practice managing them while you are still alive in order to get a kind of practice and routine going so that when you finally do kick the bucket (hopefully there is enough time in there), then a procedure is kind of in place and also you could then have some of your remaining and separate funds get funneled into the trust that is already in place and takes care of any of your value that you had failed or refused to spend prior to ded.

A second aspect would be if you conclude that you do not have enough coins or value (which actually could change depending on where king daddy prices go), then you merely attempt to describe whatever the process and procedure for the handling of such coins upon your becoming ded.  Surely, there would be some preference to putting some kind of practice in place prior to becoming ded, but still not everyone is going to feel that they have reached a sufficient quantity of value to set aside funds for that or to make some kind of processing of the coins through such trust to be "meaningful."

I don't really have any disagreement with your acceptance of Buffet kind of ideas in regards to considering putting limits on passing on wealth if there would be enough wealth to divide amongst some potential deserving folks that might be the right thing to do.. perhaps in addition to the trust.. or before even contemplating a trust if the value might not be enough in order to divide into those different categories that surely have differing considerations.

the morning wall report

fairly epic engagement over the weekend with increasing volumes...FUD diminishing...signals flowing..a good look for bitcoin imho

carry on

#dyor

1h



4h

#stronghands

Explanation

SOMA/POMA Wyckoff:




IMO, we are at the beginning to leave the Accumulation zone.

EDIT:

thanks Bro!  

then I will say next SOMA/POMA.

Straight
Outta
My
Ass

I used to say pulled outta my ass but I think it was Eddie that coined Soma.

a new bubble starts. too fast. too much short squeeze. f*ck the sellers.  

BTW, I didn't get the term "SOMA" if someone is speaking "according to my SOMA".

what does the term "SOMA" stands for? has it something to do with the drug "SOMA" from the book "Brave New World"?

we need some more vulcanos🌋🌋
and then its only a question of when

I agree. In a down swing as soon as the amount of the sellers is declining sellers will take profits and buyers start to buying in. that is the point where the price will starts to go up a bit.

in case of a Fibonacci Retracement the first mark of a pull back (price goes up a bit) is the 23.6% mark. that is the first resistance level if you just look at the Fibo levels. it is NOT the 78.6% mark. if you have the 78.6% mark first in your drawing then you drew the Fibonacci Retracement levels the wrong way round.

that is seen so many times everywhere that some TA guys have drawn the Fibonacci Retracement levels always the wrong way round.  

Explanation

One thing I played with as an idea once was rather than worrying too much about keys was to generate and sign transactions but not put them on the blockchain. If discovered, these transactions could not be used to steal funds (other than if stolen by the intended target) and are easily invalidated if you suspect foul play by simply spending the coins.

You might also be able to do some stuff with nlocktime.

Now that 40k has allowed herself to be penetrated

Does all that math mean that once you been penetrated the path to repeated penetration is clear and easy to follow.

I wonder does miss 41k miss her penetration by the bull and is calling the bull to be penetrated.

Is this the new trend all the lovely numbers that know what penetration feels like will be calling on the bull this week.

or is proudhon the ultimate bull blocker?

and will bar the door on all those poor levels wanting to get penetrated again.

My guess is 70k is coming. soon.

So ….. when….. 45?

Then when…. 50?

Then when …. ATH?

Then ………. When…… 6 digits ?

Etc etc

Inheritance goes along with our primal instinct/desire to secure the future existence of your offspring. This is common throughout most living creatures unless the species can survive without the protection of those that bring them into the world (ie Bacteria).

To that end, it may be best to offer the tools of success rather than just straight wealth. Our basic instincts also desiring that our children also breed and have the ability to support their offspring.

There is also the desire that our children keep certain values that we hold dear as a way of a sort of "immortality" through our offspring. Toward this, it may be better to link inheritance to some sort of achievements which you desire for your child to reach (graduations, career, marriage, children, home ownership, etc.).

I agree that just giving money to kids is dangerous. If you look at most of the super wealthy, the children end up being worthless while the grandchildren usually pick up the traits of the wealthy person. Maybe that's due to the wealthy person never being there for their children because they're too busy becoming wealthy such that the children resent them but then after the wealthy person is finished making money they have more time for their grandchildren which they can teach their life lessons.

That simple idea also fuels the argument for why changes to the Bitcoin codebase have to be done SLOWLY and VERY CAREFULLY.

Even with examples of ridiculous 'theft' and loss we have on Ethereum have not convinced MANY folks that the whole Bitcoin does not have all the latest "improvements" argument is horribly misguided.