Bitcoin Forum
September 10, 2025, 03:17:56 PM *
News: Latest Bitcoin Core release: 29.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 [5]  All
  Print  
Author Topic: Plan now, you could die suddenly as an investor.  (Read 795 times)
reagansimms
Hero Member
*****
Offline Offline

Activity: 1428
Merit: 604



View Profile
July 06, 2025, 04:30:20 AM
 #81

None of us here ever know how long we will live, we can also learn from what happened to Diogo Jota. Bitcoin investors need to consider as soon as possible choosing an heir to manage their assets if something happens to them.
Bitcoin has no physical form and no one knows you own it (unless you tell someone), so it is important to create an estate plan as soon as possible in case something happens to it suddenly. There are some cases that have been very tragic due to being late in anticipation of the worst thing happens suddenly, hopefully that doesn't happen to us.

█████████████████████████
█████████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████▄▄▄███████████
█████████████████████
█████▀▄▄█████▄▄▀█████
███████████▀▀▀███████████
███████████████████████
█████████▄▄███▄▄█████████
█████████████████████████
█████████████████████████
 
 NOTOKYC 
▄▄███████▄▄
▄███████████████▄
▄███████████████████▄
████
█████████████████▄
███████████████████████
█████████████████████████
█████████████████████████
███████████████████████
█████████████████████
▀█
███
█████████████████▀
▀█
█████
█████████████▀
▀███████████████▀
▀▀█
██████▀▀
 
  THE WORLD OF NO KYC CASINOS  
██
▄▄
▀▀
██
▄▄
▀▀
██
▄▄
▀▀
██
▄▄
▀▀
██
▄▄
▀▀

██
▄▄
▀▀
██
▄▄
▀▀
██
▄▄
▀▀
██
▄▄
▀▀
██
▄▄
▀▀
██
▄▄
▀▀
██
▄▄
▀▀
██
▄▄
▀▀
██
▄▄
▀▀
██
▄▄
▀▀
 
  GET EXCLUSIVE BONUSES 
X-ray
Hero Member
*****
Offline Offline

Activity: 3360
Merit: 544


Leading Crypto Sports Betting & Casino Platform


View Profile
July 06, 2025, 05:41:04 AM
 #82

Death is never predictable so it is better to know what to invest in and leave it to the kin in a manner that they will recover the money before they lose it.

But truly witnessing a death is a tearful experience and I think every bitcoin investor should take this seriously to set up some method so that their known people get acceas to their bitcoin.

Even then some might consider not giving their coins, which I dont see as a problem to be.
When it comes to this i've come to learn that steel plate seed phrase is enough, just disclose the location to your family and you're set. no complicated thing or anything like that.

Just consider it part of our belonging when we're still alive much like our phones. Other option like multi sig, custody, etc just feels like a burden.

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
m2017
Legendary
*
Offline Offline

Activity: 2240
Merit: 1482


keep walking, Johnnie


View Profile
July 06, 2025, 06:20:05 AM
 #83

When it comes to this i've come to learn that steel plate seed phrase is enough, just disclose the location to your family and you're set. no complicated thing or anything like that.
This may not be enough. Either your "heirs" will not be able to restore access to the wallet without knowing how to use the seed phrase, or they will allow this information to "leak" into the network \ hackers \ strangers. That is, it is necessary to leave precise instructions on how to properly use the seed phrase.

Just consider it part of our belonging when we're still alive much like our phones. Other option like multi sig, custody, etc just feels like a burden.
I think it would be right to leave in addition to the seed phrase the hardware wallet, which is easy to use, but at the same time doesn'tt allow the seed phrases to "leak" into the wrong hands. Hardware wallet is a kind of foolproof protection. That is, HW device + seed phrase as a backup.

█████████████████████████████████████████████████████████████████████████████
█████████████████████████████████████████████████████████████████████████████
█████████████▐██▌████████████████████████████████████▐████████████████▐██████
███████▌█████████████▐██▌██████████████████████████████▌█████████████████████
████████████▐██▌█████████████▐███████████▌█████████████████▌█████████████████
██████▌█████▀▀▀█████▐██▌█████▀▀▀▀▀▀▀▀▀████████▀▀▀▀▀▀▀▀▀█████████▐████████████
███████████████████▄█████████████████▐██▌█████████████▐███▌██████████████████

████████▄▄██████▄█████▌█████▄▄▄▄▄▄▄▄▄█████████▄▄▄▄▄▄▄▄█████████▐█████████████
█████████▌█████████████████▐███████████▌█████████████████▌███████████████████
██████████████▐██████▌█████████████▐██████████████████████████▐██████████████
████████▌█████████████▄█████████████████▄███████████▐███▌████████████████████
█████████████████████████████████████████████████████████████████████████████
█████████████████████████████████████████████████████████████████████████████
█████████████████
█████████████████
█████████████████
██░░▀░░░░░▀▀▀░░██
██░░░░░░░░░░░▄██
██░░▄▄▄▄▄▄░░▐████
████████▀░░░█████
██████▀░░░░▐█████
█████░░░░░░██████
████▌░░░░░░▐█████
█████████████████
█████████████████
█████████████████
█████████████████
█████████████████
█████████████████
███████▀░▀███████
█████▀░░░░░▀█████
███▀░░░░░░░░░▀███
██▀░░░░░░░░░░░▀██
██▄░░░░░░░░░░░▄█
████▄▄▄▀░▀▄▄▄████
█████▀░░░░░▀█████
█████████████████
█████████████████
█████████████████
█████████████████
█████████████████
█████████████████
████▀▀░░░░▀▀████
███░▀▄▀▀▀▀▀▄▀░███
██░░█░▄░░░▄░█░░█
██▀▀▌░░███░░▐▄▄██
██░░█░▀░░░▀░█░░██
███░▄▀▄▄▄▄▄▀▄░███
████▄▄░░█░░▄▄████
█████████████████
█████████████████
█████████████████
BITCOINTALK
LEADERBOARD

 
Ref Code : BTCTalk


$1,500 POOL PRIZE
IN EVERY 2 WEEKS!

.............Starts on July 15th.............

..PLAY NOW..
knowngunman
Sr. Member
****
Offline Offline

Activity: 1092
Merit: 467



View Profile WWW
July 06, 2025, 10:34:04 AM
 #84

As your investments begin to mature into a considerable amount, while you consider the security and safety of it, it is also important that you consider the situation where you die suddenly and your Bitcoin gets lost; no investor would want that except they have no family and friends worthy enough for it.

This is very sad to read and it remind me again about Diego Jota who passed away this week too at a younger age. No one can tell when death will visit them and this sometime leave us in confusion as to whether to disclose our assets to a trusted person or not. What if you disclosed it earlier and you're yet to die but later get betrayed?

Ideally, one is suppose to enjoy the fruit of their investment before they die because there's no point making investment without having a test of your several years of patience unless untimely death happens. I will suggest to keep your keys in a place reachable after your death to avoid complete loss of asset. If one can not enjoy it due to untimely death, at least the families should be able to enjoy it.











██
██
██████
R


▀▀██████▄▄
████████████████
▀█████▀▀▀█████
████████▌███▐████
▄█████▄▄▄█████
████████████████
▄▄██████▀▀
LLBIT
██████
██
██
██████
██
██
██
██
██
██
██
██
██
██
██
██████
██████████████
 
 TH#1 SOLANA CASINO 
██████████████
██████
██
██
██
██
██
██
██
██
██
██
██
██████
████████████▄
▀▀██████▀▀███
██▄▄▀▀▄▄████
████████████
██████████
███▀████████
▄▄█████████
████████████
████████████
████████████
████████████
█████████████
████████████▀
████████████▄
▀▀▀▀▀▀▀██████
████████████
███████████
██▄█████████
████▄███████
████████████
█░▀▀████████
▀▀██████████
█████▄█████
████▀▄▀████
▄▄▄▄▄▄▄██████
████████████▀
[
[
5,000+
GAMES
INSTANT
WITHDRAWALS
][
][
HUGE
   REWARDS   
VIP
PROGRAM
]
]
████
██
██
██
██
██
██
██
██
██
██
██
████
████████████████████████████████████████████████
 
PLAY NOW
 

████████████████████████████████████████████████
████
██
██
██
██
██
██
██
██
██
██
██
████
justinlamode
Full Member
***
Offline Offline

Activity: 490
Merit: 153


The secret to happiness is making others happy


View Profile
July 06, 2025, 10:42:06 AM
 #85

Like you rightly said, no one is expecting to die young or when not ready but date is out fate and there is nothing we can do about it. I have read many threads where this issue of transfer of Bitcoin to next of kin have been discussed but there seem not to be a generally accepted approach as so many reasons have been sited by the pros and cons of some of the popular methods suggested. To make it easier, one can simply keep the people that will inherit the Bitcoin on the know while we are alive so that they can be part of the process, provided we have some level of trust in them that they will use the money wisely and for the purposed you save them for.

Pages: « 1 2 3 4 [5]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!