What will you do with your crypto assets when you get old? - page 3.

betswift

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Quote from: Josefjix on January 18, 2025, 02:59:56 PM

Quote from: Vincom on January 16, 2025, 05:06:12 AM

I would like to know your opinion on this:

Do you think crypto will become a part of personal finance in the future?
What will you do with your crypto assets when you’re old?
Besides BTC, which token do you believe in for the next 50 years?

-Yeah of course, I only believe USDT would be used for personal financial purposes in the future because of it's stable nature, it's easily used and calculated when spending it for shopping and the likes.
-Save it for my children to use it for their upkeep and my wife for the family, everyone gets older and it's not perfect to misuse your crypto because it's valuely worthful.
-Still Bitcoin, nothing else, no other crypto can beat it.

Don't you think that in the future, BTC would be used for bigger purchases too, besides USDT and other stables?

Zanab247

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My old age will be flexing with my crypto asset achievement, because the stress of the family will reduce and the children I will train to higher institution will start taking care of mummy and daddy which is the wish of every parents that struggle for their children to become a better person in the future. I will use my crypto asset to build different types of businesses that will be bringing profits daily, weekly, monthly and yearly to continue to maintain my wealth for my generation to live to praise me as a good mother which is the reason why I'm accumulating BTC.

Accumulate your crypto when you are young, because the price will continue to pump to hit different ATH, like what we saw this year that made the price of BTC to cross $100k to surprised many bitcoiners in the community, and those that accumulated BTC some years ago take advantage of the price to earn massive profits.

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When I grow older, i'd want my crypto assets to serve a purpose beyond myself. Whether that's through secure inheritance planning for my family, funding charitable endeavors, or ensuring i live a fulfilling retirement, the key would be to have a clear and well documented strategy to manage my holdings even after I'm gone.

Woodie

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Bitcoin was initially ~~made~~ used in a way that if you forget your mnemonic or private key then your Bitcoins are lost forever...but after learning the hard way people have go on to share this information with loved ones or family..but what happens if you don't fall in this bracket Roll Eyes

well I think with cryptocurrencies being legal tender, why not subject it to some of the channels fiat goes through incase of death.. let centralized exchanges make it possible to have these coins transferred out via a court order and owner of account should give instructions of which courts should issue such.. I know this might make it easy for scammers to hijack accounts but smart ways of stopping them and allow the system to work can be found.

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What will you do with your BTC?

Burn it 🔥 lol joking, land of the living needs these material items to survive so they go to whoever was close..

Josefjix

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yes

Quote from: Vincom on January 16, 2025, 05:06:12 AM

I would like to know your opinion on this:

Do you think crypto will become a part of personal finance in the future?
What will you do with your crypto assets when you’re old?
Besides BTC, which token do you believe in for the next 50 years?

-Yeah of course, I only believe USDT would be used for personal financial purposes in the future because of it's stable nature, it's easily used and calculated when spending it for shopping and the likes.
-Save it for my children to use it for their upkeep and my wife for the family, everyone gets older and it's not perfect to misuse your crypto because it's valuely worthful.
-Still Bitcoin, nothing else, no other crypto can beat it.

Zoomic

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Quote from: Vincom on January 16, 2025, 05:06:12 AM

Do you think crypto will become a part of personal finance in the future?

Yes. Alot of persons right now are already considering investing in crypto (bitcoin) as a retirement plan for themselves when they eventually retire. Even the government of different countries are considering integrating bitcoin into their financial system, this shows that in the future, people will gain more confidence in bitcoin and adopt it more into their personal lives.

Quote from: Vincom on January 16, 2025, 05:06:12 AM

What will you do with your crypto assets when you’re old?

I would invest in other assets and subsequently transfer everything to my children. I won't be selfish with my investment. This won't stop me from living the life I want at old age.

Quote from: Vincom on January 16, 2025, 05:06:12 AM

Besides BTC, which token do you believe in for the next 50 years?

None for now, bitcoin is still leading.

GbitG

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Quote from: Vincom on January 16, 2025, 05:06:12 AM

I would like to know your opinion on this:

Do you think crypto will become a part of personal finance in the future?
What will you do with your crypto assets when you’re old?
Besides BTC, which token do you believe in for the next 50 years?

Michael Saylor’s plan to burn his Bitcoin after death – Following Satoshi’s steps?

Yep, that's absolutely right no one denies it It's a fact. Bitcoin has already made itself part of our finance because of its excellent concept. Still, almost 106 million of people in the world have owned Bitcoin and have made Bitcoin a part of their finances. So in the future we will prefer to stick with Bitcoin.

My investment assets still belong to my family including myself and even after my death I will give my wallet to my family. Because the most important thing for me is my family. As far as old age is concerned, I have already made some investments, so when I reach my old age, I will definitely use it for my needs. And if I had died, my family would approach my wallet through the phrase. Because I have handed over a written copy to my family.

Nah I only believe on BTC Cool

...

maydna

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Yes, crypto will become my part of personal finance. Crypto can stay with us for a long time especially when more and more people join in the same train with us.

I will vote "Give my crypto to my children or grandchildren" but I will make sure they can use my crypto with right and not just spend to buy unnecessary things. They must be able to increase my crypto amount so they can gives that to their children. If they can do that, they will have a legacy for our family.

I don't know what coin or token that will exist for the next 50 years. But I consider Ethereum can be the one of many other coins or tokens.

Marvell1

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Quote from: Mpamaegbu on January 18, 2025, 04:05:59 AM

First off, I like to state that Michael Saylor sounded like a self-centred person there. Why wouldn't someone have a plan to pass their Bitcoin to a heir, friend or loved one if they knew they were going to die at a particular time like he stated? That's pure selfishness.

Most wealthy people have plans for their huge fortune, if they don't have children or relatives to inherit, they will also donate to charity and that is nothing new.

Michael Saylor took the risk to be at the forefront of the bitcoin investment movement, I don't think he would just buy and hold without any plan. I don't understand why people easily believe what that guy says and consider him an idol. But I hope people won't be surprised if MicroStrategy reports next year that they sold bitcoin while Michael Saylor still recommends people hold bitcoin Grin

.

Mpamaegbu

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Once a man, twice a child!

Quote from: aoluain on January 18, 2025, 05:32:46 AM

Quote from: Mpamaegbu on January 18, 2025, 04:05:59 AM

~snipped~

...because in the end of the day its MS' or you choice!

Yeah, I know it's his Bitcoin and the decision is his to make. However, except he's a recluse, I still don't see why he won't have anyone he can bequeath his Bitcoin at his demise. Even if he doesn't have close family members who are into Bitcoin, there will be other worthy causes he can donate his Bitcoin to. No man is truly an island on his own. No matter how introverted we want to claim we're, we still need others around.

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Me - I'll be leaving it to my kid, if things change for whatever reason it will be burned.
My Wife knows where the keys are in case of unforseen terminal occurences.

You sounded like a man who looks out for others when they're not there. That's the exact thing I'm talking about with MS. He seems like someone who believes everyone should struggle on their own to make their own wealth and nothing like inheritance or be handed over financial assistance of any kind.

Ziskinberg

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I make an investment not just for me but for the future of my family. As long as I was still breathing, I didn't touch it. Instead, buy and accumulate more. I consider my crypto assets as the last resort when I totally can't make work anymore. Only sell them when badly in need of money, like for medication and other expenses.

I don't follow what other people are saying but rather believe what I think is right. We can't live in this world without money, and so having Bitcoin will save us in the future. We just let it go when the right time arrives.

batang_bitcoin

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Quote from: Mpamaegbu on January 18, 2025, 04:05:59 AM

First off, I like to state that Michael Saylor sounded like a self-centred person there. Why wouldn't someone have a plan to pass their Bitcoin to a heir, friend or loved one if they knew they were going to die at a particular time like he stated? That's pure selfishness.

I am also curious about that but I think that he's only saying this for publicity stunt. He's a rich guy and if ever it's not about Bitcoin, there is for sure some plans or inheritance already that are set for his kids and family. These rich people don't just want to let their wealth be put into waste and that's why if I am thinking what he is thinking, they won't get BTC but they'll get real estate, bonds, savings, etc. that he's already set for them if ever he passes away.

aoluain

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Quote from: Mpamaegbu on January 18, 2025, 04:05:59 AM

First off, I like to state that Michael Saylor sounded like a self-centred person there. Why wouldn't someone have a plan to pass their Bitcoin to a heir, friend or loved one if they knew they were going to die at a particular time like he stated? That's pure selfishness.

There are many reasons why MS or anyone

1. if you dont have an heir - better to burn it for the community.

2. if you have a distant relation but does not show any interest in your life, the
Bitcoin community deserve it more by burning it than some uninterested person

3. if you choose not to - as simple as that

...because in the end of the day its MS' or you choice!

Me - I'll be leaving it to my kid, if things change for whatever reason it will be burned.
My Wife knows where the keys are in case of unforseen terminal occurences.

Mpamaegbu

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Once a man, twice a child!

First off, I like to state that Michael Saylor sounded like a self-centred person there. Why wouldn't someone have a plan to pass their Bitcoin to a heir, friend or loved one if they knew they were going to die at a particular time like he stated? That's pure selfishness.

Quote from: Vincom on January 16, 2025, 05:06:12 AM

Do you think crypto will become a part of personal finance in the future?

I see it as something that has come to stay and that will be for a very long time because of the way the world is embracing it now. It's no longer thought to be a bubble anymore. Yes, the future is bright for cryptos.

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What will you do with your crypto assets when you’re old?

Is there a different way of treating money? For me, crypto assets are money just like fiat. Age doesn't discriminate where money is involved. I will do with my cryptos whatever I can do with money.

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Besides BTC, which token do you believe in for the next 50 years?

Ai tokens are my first pick. Second are exchange tokens from credible exchanges. With others, I just play around by trading them but not hodling.

passwordnow

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There is so much to happen within the next 50 years and that's why if there will be another crypto that will be second to Bitcoin, we will never know. Whilst ETH has been there for several years, if it becomes consistent then that's it but aside ferom that, we cannot conclude that it'll stay there for so long. Unlike Bitcoin, we can blindly tell that it is there to stay. And what will I do with my holdings? I'll enjoy it, I'll leave some for continual holding but I will never let my potential profits slip anymore and so, I'll hold, I'll sell and I'll enjoy, I am working not just for my family but also for myself.

NotFuzzyWarm

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After my retirement SEP act runs out in 15 years, spend them to continue to enjoy my retirement.

Judith87403

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Is obvious that bitcoin is a very good asset that can profit one in the future so if it happens to be that I'm no more as long as I have a wife and children of course my children can still profit from it you know bitcoin investment is just the same as buying a land maybe you can decide to make it a rental property by doing this you have just set a good asset that will profit you in the future and as well your children probably when you get old your children will be the one to take care of those asset you built for them. Of course before I will think of getting old first I will give them access to all my assets because no one knows when the unknown death" will come.

_act_

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Lightning network is good with small amount of BTC

Quote from: FortuneFollower on January 17, 2025, 05:50:31 AM

Quote from: ?? on ??

I believe crypto will play a crucial role in personal finance in the future especially as decentralized systems and digital assets continue to gain acceptance. People might rely on it for everything from savings to inheritance and even as collateral for loans. it's already becoming a hedge against inflation for many

Don't think the fiat would be gone, crypto would still coexist with it, because currently, you won't be using crypto for small purchases, all the time.
For big ones - surely, it is viable.
So people would rely on both.

He did not post that cryptocurrencies will take over fiat in a way that fiat will become obsolete. He posted about how cryptocurrencies will become a hedge against inflation and other ways how people will utilize cryptocurrencies. But it is also good to know that cryptocurrencies are like dump and dump projects, but only few are good in long term. If you are talking about hedge against inflation, that should be bitcoin. Bitcoin is a hedger against inflation.

FortuneFollower

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Quote from: ?? on ??

I believe crypto will play a crucial role in personal finance in the future especially as decentralized systems and digital assets continue to gain acceptance. People might rely on it for everything from savings to inheritance and even as collateral for loans. it's already becoming a hedge against inflation for many

Don't think the fiat would be gone, crypto would still coexist with it, because currently, you won't be using crypto for small purchases, all the time.
For big ones - surely, it is viable.
So people would rely on both.

Y3shot

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Quote from: DPHOR on January 16, 2025, 02:25:44 PM

We don't need to think about what we should do with our cryptocurrency assets because we know with time when we get older in a way we can't manage our assets it's either we handle them over to offspring And to people whom we think are that trusted to hold it to the next generation if properly being managed.
Many people who doesn't have family or children may decides to use If for charity, that is other ways to help mankind and if we give to the poor is another way show how generous we are to people.

I think everyone knows the better way of how to handover their asset when they get old. To some people who already have children and grandchildren they may decide to pass it on to them, and to those who may not have anyone who they can give, they may decide to donate it out. Let's just concentrate in our investment and to enjoy the profit of it now we are young, when one gets old and have nothing to do with it, we know the best way in which we can give it out which it won't be a waste.

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