Topic: What will you do with your crypto assets when you get old? - page 2. (Read 856 times)

A responsible person keeps inheritance for his or her children so that they will not suffer, it'll be selfish to squander all your investment without making provisions for offsprings that you brought into the world. A person that has stashed Bitcoin in younger age should make a balance in old age by using some to take care of himself so he doesn't become a liability to his loved ones, keep some for his dependants then use the rest for noble causes.

What is most important is not losing the BTC before old age, you can DCA and accumulate during active years of life but any negligence or theft can make you to lose everything that you have labored for in hodling. Securing your seed phrase is as important as accumulating it so that it won't be labor in vain when you're old and weak to work.

1. It's becoming already. With the huge institutions coming into the industry, I'm pretty sure that crypto will be added as another financial asset just like Stocks and other asset classes out there. It's still young though, but we're going to the correct direction I believe.

2. I'm thinking of giving it to my son/daughter. That's the best thing that I can do if I want to stay it as a crypto asset. Another one that I'm thinking is that, converting it into our own fiat currency and then donating it to charities although this isn't my priority at all. Anyway, I'm at my late 20's still so there's still so much time for me to think on what I will do with my crypto assets.

3. Ethereum. Maybe DOGE or SOL, but I doubt that they will survive at least in the next 50 years. Heck, we might not see Ethereum in the next 5 decades anymore for some reasons, or worse, we might not see Bitcoin anymore in the next 5 decades.

If money isn’t important to me when I’m old then I’ll give it to the worthy grandchildren. Of course it’s not a free money to them, i’ll def set rules for the  family that this is a generational wealth that could change our lives and should be used in a good way. That’s why I’ll teach them all of I learned about cryptocurrency and make them worthy to hold any of it. Assuming that I’ve been in crypto for years, means I do have money already and the assets will serve as a token for the family.

this same question is included in the pow which was provided by you. And Of course in my own opinion I will say that the BTC and or asset in my possession will be transferred to my hairs or children/grandchildren. For inheritance purpose and it could be that I will not transferred all to them by some and also transferred some to the ophanage home.

Apart from BTC the only other coin I think will be the subsidiariy of bitcoin is the Ethereum but I mainly think of BTC as the only coin that can maintain the standard of 20-100years, because it's the first coin to ever existed with great potential and good store of value.

It's already a part of personal finance. How many people do you know who hold gold? How many people hold bitcoin? Out of my close friends 2 currently hold bitcoin and one used to hold it, but took profit since he needed to pay his debts. I know people who don't hold bitcoin, but they don't invest in general, so it's not a problem that they have with bitcoin but a problem with managing wealth and life choices.

I'll try to leave my assets to my children if I can. What age are we talking about? I know people who are in their 60s and wouldn't say that they're old. So, are we talking 70s and above? That's a long time before I get to that age. If bitcoin still exists at that point it will be worth over a million $.

I think your plan is flawed with the idea of accumulating the same amount of bitcoins in each cycle.  You gotta remember the price keeps climbing over time and  who knows how pricey it will get down the road!

As for me, no clue yet what I would do with my bitcoins when Im an old timer.  Reckon it depends on where things go market-wise.  I will probably tap into a good chunk to fund my golden years.  But I figure I would leave the rest to my kin when I kick the bucket.

I still want to sell my Bitcoin in the end to earn a good amount of profit in the future. Im investing so that I could have financial freedom in the future, even though I want to give them to my children as well, im not really that financially stable right now to not take profit, I mean im already holding my Bitcoin for years now and hopefully I could sustain it until I have children.

In my opinion, cryptocurrency is going to become a part of personal finance in the future, I mean I already think that it is right now, I already consider it as a part of my personal finance, it could easily be a retirement plan, or investment in the future.

I plan to sell as long as I think I have a great profit from it, and when I am able to buy something that is going to give me a good income or passive income, I personally dont want to get old without buying something on my investment, I want to spend it probably but at the same time on something that is going to generate income.

Personally, I think all of the Blue chip tokens in the market are going to be huge after 50 years as long as it has a good utility and community, they are going to be huge unless they stop their development.

1. I think Bitcoin really helps me financially right now, Bitcoin is an asset that stores the best value, and I think Bitcoin really helps me in my old age especially in terms of finance, needs, health, convenience and so on that make me feel comfortable and also safe in my old age and also don't forget to keep sharing.

2. If Bitcoin is still there in my old age, maybe I will still buy or collect Bitcoin which I think even though I'm old I can still do it, it's just not as serious as when I was young and strong and now I'm serious about doing it. And the goal is very broad to open a business or business and what I have thought and planned is that I want to build a big house that I will use to make boarding houses with laundry and also for all the needs of the people who rent my boarding houses there and pay. And this is one of the things that is on my mind, that is I will use the profits that I get from Bitcoin, maybe as time goes by there will be a plan that does not drain my energy and mind when I am old and besides that one of the things that I will pass on to my children and grandchildren in the future is Bitcoin that I have taught before and also the efforts or businesses that I generate from those profits.

3. For now I only prioritize Bitcoin for the long term or my future, and even though there are some but I do not treat them for the long term.

1. Do you think crypto will become a part of personal finance in the future?  It already is.
2. What will you do with your crypto assets when you’re old? Define "old"?
3. Besides BTC, which token do you believe in for the next 50 years?  Bitcoin's security and distributed nature make it the prime candidate to succeed long term.

Saylor can do as he wishes, but unless he has a quantum secure way to do it now, his plan will likely eventually fail if he dies any time soon.  Hopefully he has many decades so he can implement his plan, but there are no ways to do it now.

Since I will invest in crypto instead of keeping my money in a Bitcoin bank, there is certainly no point in investing and holding Bitcoin unless it is a matter of my security in my old age.
When I get older, I will use my Bitcoin as an old-age pension benefit.
I can't rely on any other token in my old age except Bitcoin, so if I have to hold it, I definitely don't see any alternative except Bitcoin.

While opening a bank account, there's a space where you can fill in the names and identity of your next of kin. This also means that if one's child or any of the person's family members can inherit his money/wealth, possibly they can also inherit from their Bitcoin portfolios. Bitcoin is a good store of value, and you know that in 50 years Bitcoin will be more valuable than in the present day, just as it's more valuable today than yesterday. However, it's a simple question, so my answer is "my child will inherit from my Bitcoin portfolio".
But you must make sure you teach the person about Bitcoin investment, and always check on the portfolio if things are still intact.

70.6% voted Give to your children or grandchildren, including me, this is a goal that is actually needed when I or you have more Bitcoin to hold in the long run.
providing a heritage that is different from other heritages that are certainly more revolutionary and will increase in price in the future.

Maybe some of it will be sold, but some of it will remain intact in the form of Bitcoin or in the top Altcoins I choose like ETH to give to my children and grandchildren later in the future.

Now it just needs to work harder to get more Bitcoin and other altcoins, so that goal is achieved, not just a poll without any real results being done.

1. Yes I expect crypto to be financial freedom in the future so there is no need, I want in the old days Bitcoin to be one of the assets that are owned to enjoy in old age.

2. Should enjoy these assets, if you die then the children have the right to access it, I will provide access to the road there with a private key.

3. BTC, besides ETH and SOL that are in mind now.

(1)currently cryptocurrency (bitcoin) has already become part of our financial day to day life because of it high impact on humanity. What we should be saying is how bitcoin will reshape the world maps of tech and attract more global investors.


(2)who else will take after me if not my kids, love ones and in extend to the less previlege.

(3)with the rate of trust and audience bitcoin has gained due to it high rate of value and consistency, other coin are yet to be considered, however, the only coin I can trust in, in the next 50 years is entheruem.

Bitcoin has the most chance of becoming the safest hedge against the worries of the fiat world.
If not for it, then I don't see who 
So if there is a choice of sticking to something, it would be Bitcoin.
But I agree - 50 years is long, very long, even for Bitcoin. But I do believe it will outlive most of the market which we see and will see in the future.

Indeed, 50 years is too much and too early to talk about that. I don't know what will happen to crypto in the next 50 years but right now crypto is just a speculative market and there is no reliable asset to hold in the next 50 years including bitcoin. So I have no intention of holding my crypto assets for that long, let alone passing them on to the next generation as many people claim.

Depending on the situation and development of the crypto market at that time, if bitcoin or one of them can become as reliable as gold, I will consider it. But by that time, if they are still speculative assets, I may even exit the market when I reach my goals. Because sticking to speculative assets for the long term is not a wise idea, IMO.

Custodials for your keys?
Nah, my friend, think again 

I've been thinking about how to manage crypto as i get older. Things like handling private keys and avoiding technical mishaps could be tricky. A solid plan like using multi signature wallets or trusted custodial services seems important to make sure my assets are safe and used the way i want

That would be unreasonable, imo, due to them profiting from said Bitcoin.
And Saylor would probably get all of his funds back into his own product, which would be MS.

While bitcoin remains the cornerstone of crypto for me, I see potential in Ethereum due to its ecosystem of decentralized applications. Additionally, I'm intrigued by tokens like Solana and cardano because of their focus on scalability, sustainability and real-world applications which could prove valuable over the next 50 years