Topic: What will you do with your crypto assets when you get old? - page 5. (Read 856 times)

1. I think most people already know Bitcoin, but they just not dare to buy and hold it.

2. What I will do? I will pass my Bitcoin holdings to my kids, I want them to continue my journey to become holder.

3. I can't trust any token for 50 years. I have few altcoins and I can't live peacefully because the price can't go up even though Bitcoin has reach $100K again. I've hold it 3 months, I can't imagine if I hold it for 50 years.

Technically Litecoin isn't token, it's coin. Token is a cryptocurrency run in existing blockchain e.g. ETC, RNDR, ENA run in Ethereum network.

1. I think it has happened, even many people's assets are only crypto, no other assets.
2. I am not sure if I can hold them until I am old because my goal of investing in crypto is to improve my life and my family's. I won't hold them until I'm old while my family is still struggling with life as it is now. So when the right time comes, I will not hesitate to sell everything I hold and serve my life.
3. Bitcoin is not the only investment on the market that can bring profits, there are many other options and this will depend on each person's investment preferences.

That's a good mindset but I don't completely agree. I think that parent should help their children to grow up strong and financially independent. If you use your wealth to help them grow up strong, then your aim is achieved and you'll be safe by saying that they become capable, they don't need your wealth anymore. If they won't grow up as expected, then they won't be responsible towards your assets and they'll quickly waste it on fun.

That's nice but we have a saying in crypto, not your keys - not your coins. If you deposit your Bitcoins to bank's account, they do not belong to you anymore. Also, you can't be sure that the company where you deposit your account, will exist in the next 50 years, so I wouldn't risk this. It's better to timelock your Bitcoins in your software wallet and make them available for withdrawal after 50 years.

I'd say that Ethereum is doing well and will probably do so in the future. I'd also think about Monero because it's one of the most popular anonymous cryptocurrency.

Probably nothing. Inheritance is obviously an option but I'm not old (nowhere near old at all). For now I will just leave my bags as they are. Besides, how do you even plan to convert it all to fiat if you have millions of dollars worth? You don't want to be dealing with the tax man during retirement - they'll just take a giant chunk of your tax money.

When I get old and almost die, I will give my Bitcoin to my children or grandchildren and tells them to continue what I did. Before I do that, I will guide them so they will know how to use Bitcoin and how they can growing their Bitcoin amount. They must trying to have their Bitcoin before I give a legacy to them so they can use it for their own benefits. I don't wants to see my family difficult to survive in the future because I guess their life in the future will not be easy as today.

When I have a hard time with my vision and my memory, I will handle all my Crypto assets to my children and grandchildren but I will make sure that they know everything about Cryptocurrency, I don't want people close to me or relatives losing my assets because of mismanagement

The future is uncertain; even a five-year prediction is hard to predict. What more with 50 years? 50 years ago, who would have thought that we would have an internet and cryptocurrency?

Any progressive thinking person will know to have crypto as part of their personal finance. If global and wealthy nations already have it in their plans why should a private citizen not think in that direction.

It becomes generational wealth, passed down from one generation to another. A part of it will go to charity too.

Basically any token which is as strong as bitcoin.

The question you should asked yourself is that why do people save money?
If you can answer this question then I see no reason for all these questions here. Like I know, people invest for future purposes and when the needs raises they would definitely pull off their investments to sustain their Life and something more helpful to them. Personally, if I have sufficiently enough at old age then I wouldn't mind willing it over to my children and of course Many of us who investing today are doing it for the sole purpose of future usage and willing it to my children is the best thing to do knowing they have come of age to be able to handle the amount of Bitcoin that would be in my procession.

1. Totally.
2. My family is trying out things related to crypto, so by the time I am gone, they will probably figure out what are the private keys and how to use them with my help So no worries here.
3. Bitcoin and Litecoin.

personally, i don't think the idea of investing and accumulating bitcoin so much and then letting it go unused or sending it into a wallet that cannot be accessed is a good idea when there are a lot of things you can use the profit you have acquired from investing in bitcoin for. does it mean that if you spend a portion of your bitcoin holding that the bitcoin network will crash? truth is that as long as bitcoin continues to remain relevant in the world, a single individual selling his holding at some point in time will never mean that it will drain bitcoin down. there will always be buys and sells and a lot of the other market condition that will continue to go on as far as bitcoin is concerned and that is just the basic reason for it volatility.


crypto and particularly bitcoin is now an integral part of personal finance and in the future, it promises to reach a larger audience that the people currently using it now. a lot of people receive payment in crypto, buy crypto, sell crypto, trade crypto and even have their savings in crypto, what other aspect of personal finance has it not covered yet?
will i go to the grave with any of the wealth and assets i am currently gathering? that is never possible. there is a saying that goes "A good father leaves an inheritance for his children. i will leave all my inheritance for my children and if i still holds some crypto at old age, i will give it to my son that is a lover of crypto and that can make the best use of it. it is that simple.
beside BTC, i can't vouch for any digital asset regarding their potential performance in the next 10 years talk more of 50 years' time. i know that a physical investment option like the real estate will continue to gain relevance in the next 50 years but as long as a digital asset is concerned, it is just bitcoin and bitcoin alone at the present.

Interest rate that can't keep up with Growing inflation? I will pass on that.
To me Fiat is meant to be used not saved.


1. I think Bitcoin is here to stay and on other crypto? Many that exist now wouldn't exist in the next five years not to mention 50 years.

2. Don't know for now but I don't think I would like to stay home and do nothing in my old age. Maybe use some to travel the world and taste different cuisine and leave a responsible amount for family.

3. Besides Bitcoin? Then None.

Don't know why, anytime I think of an altcoin I remember FTT that no matter how big they may be down.
They could fall anytime soon.

Yes I strongly believe that it will happen in future. Government deciding to make it as their strategic reserve is one step to make those good development to happen. We are heading on digitalization and provably Bitcoin and crypto would provably play huge role on finances in future.


Provably will pass this to my children's since they are also the reason why I made this investment. So provably they split up my crypto asset if that time will came.


Provably ETH will next to it and then SOL.

It's very hard to get objective numbers, but a quick google turned up articles claiming that between 1,5 and 6% of the population already owns bitcoin right now... So it's already part of a lot of people's personal finance. No trustworthy source tough, but in the first 10 hits i did not find any article claiming less than 1,5% of the population, and i did not find any article going over the 6% cap.


My child already knows how my hardware wallet works. If i die, everything on there is hers.

only bitcoin. I have some alts which i got "for free" (for example, from tips, or for very small tasks or from faucets), but i don't believe any of them will still be around in 50 years.

You don't need to wait for the future, crypto and Bitcoin is already here and it's already the best asset in the world right now and it's shaping the financial landscape more than ever when nations are talking about it and making Bitcoin as their national reserve besides Gold.


What else you gonna to but to give it to your love ones as inheritance.


I don't know, but if you look at altcoins, it's prime mover is Ethereum, so maybe it could be the best crypto after Bitcoin to put your investment. But this is up for debate, maybe other investors have something in their mind.

1. Like savings and retirement planing? Bitcoin is already among them. I can not consider altcoins because they are too volatile and some of them do not get to ATH after a long period of time.
2. If I have nothing to do with it, my children will inherit it.
3. Besides bitcoin, which token do I believe in for the next fifty years? None. I prefer only bitcoin and I stated the reason.

Recent discussions have highlighted the challenges of handling crypto assets on CEXs after an account holder's death. While legal frameworks may evolve to address inheritance of crypto assets, this analysis focuses on proactive measures regarding personal crypto holdings. Given its enduring value potential, BTC is singled out as the primary asset for long-term investment.

Michael Saylor's plan to secure his BTC after death, while intriguing, raises questions about practical implementation. The core idea is to ensure his BTC remains inaccessible, preserving its value as a testament to his contributions to BTC future. 2 viable approaches to achieve this are: self-destruct mechanism & concealment. One potential strategy to ensure that a specific amount of BTC remains permanently out of circulation is to "burn" it by sending it to an inaccessible account. This effectively removes those coins from the circulating supply, potentially increasing the value of the remaining BTC.

Unlike Michael Saylor, I'm not a billionaire with a grand vision for BTC. I'm a normal worker, earning and saving in USDT. My strategy is simple: DCA into BTC with consistent USDT allocations. Profits are primarily used for essential family expenses, making it challenging to weather prolonged crypto winters. Even in a hypothetical scenario where I accumulate 1 BTC after 50 years of disciplined investing and its value appreciates to 10M USD, the sheer magnitude of that wealth would present significant financial and lifestyle management challenges.


The decision of what to do with my BTC holdings is complex. While I initially considered passing them down to my children, I've come to realize that if they are truly capable, they won't need my wealth. Conversely, if they aren't capable, they might not be responsible stewards of such a significant asset.

Given these considerations, I'm exploring alternative options. Philanthropy is an attractive path, allowing me to support causes I believe in. Alternatively, utilizing my BTC to fund extensive travel and experiences could be a fulfilling way to enjoy the fruits of my labor.

I considered depositing 1 BTC or 10M USD into a bank's permanent savings account, assuming such a service will exist in 50 years. The interest generated could potentially provide for my grandchildren's basic needs, reflecting my deep love for them. Should they not require the funds, I envision them generously donating the interest to charitable causes supporting underprivileged students or patients.

My long-term crypto investment strategy involves accumulating 1 BTC over the next 50 years, divided into 12 accumulation cycles. This translates to acquiring 0.083 BTC per cycle. While currently possessing only a fraction of this target, I remain optimistic about the crypto market's potential for sustained growth and recurring uptrend. These market cycles present valuable opportunities to generate profits and accelerate my BTC accumulation.

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?