Bitcoin a sure legacy

[CarnagexD]

How is Bitcoin a sure legacy? You don’t even know when you’re dying and how will your family have access to the wallet where the cryptocurrency is stored? because I know for sure that most people who are making use of Bitcoin don’t tell anyone their passwords to their wallet; they just install a wallet and then buy Bitcoin and other cryptocurrencies and store in it.

There are various topics that has been discussed regarding to this, bitcoin as an inheritance to your loved ones. Maybe the OP is referring to bitcoin as sure legacy when the death isn't a sudden one like accident. Even me, if I have to die now I'll make a way for my family to get access to my wallet and get the valuable coins I got there. Most people might not know about bitcoin, but a simple instruction will do.

The only way you can say it’s a sure thing that you’re leaving for your family is when you write down the passwords down and keep it in a place where you know that your family will have access to it when you’re no more. If it’s not going to be that way, and you’re going to be the type that will keep the passwords to yourself, then it’s of no use.

The worst thing to happen to human is to die, though it's part of life, if you read Hal's story then you should know what you need to do if you want a legacy.

[adzino]

Holding on to bitcoin for your children to get once you pass away would be stupid in my opinion. The odds of the bitcoin being worthless by the time you die is massive compared to it being worth alot of money. Gold would be a better way to pass money on to later generations.

Why do you think the odds of bitcoin being worthless is massive? I can't think of any reason other than the fact that every government in the world started to go against bitcoin or huge flaw has been detected where the security of the technology is in question. Even if a better coin is created which solves all existing problem, I am sure people will still use bitcoin as a store of value. I guess the problem is passing the bitcoin there are chances where the private key might get destroyed or lost. Though I won't deny Gold would be better since there are zero something going wrong with gold.

[Yatsan]

I think you should not rely a 100% on Bitcoin.

It is true though that a lot of people earned a lot of profit from investing on it but in the future, we can't say that it will be Bitcoin all the way. You should not put all your money into it and just put something you can afford to lose. I will hold my Bitcoin as long as I can think it will be profitable to me, I am still looking forward on using it daily but for now let's take advantage of what we have right now.

I agree. Instead of focusing on what will happen in the future, bettet think of what we can still have today. We cannot say what can be possible to happen on Bitcoin the upcoming years but we are hoping and expecting that it will be good all along the way up until each and every people barely accepts and uses Bitcoin and it is legal on every country. Bitcoin is profitable and a good asset to stand with bu reliance and dependency must not play a role for we cannot say what can happen. Still up hold and control your investment into the extent you can afford to lose so no regret to be taken over.

legacy ? I haven't thought that far. for me bitcoin is currently more inclined towards an investment asset, and it looks like bitcoin is not suitable for inheritance. although the price continues to increase, we must be aware that price fluctuations also often occur here, the price of bitcoin can go down at any time.

It is a certain. I am just also into holding Bitcoin but haven't think of it yet to serve as inheritance or legacy for I am still that young and can work and access my Bitcoin so I just focus on what is right in front of me instead of bothering about what will happen in the future.