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Author Topic: If only property I have is bitcoin  (Read 899 times)
legendbtc
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October 01, 2023, 03:01:37 AM
 #121

Perhaps my wife is the person I will think of first because she is the one who is always by my side and will have a great responsibility in taking care of my children if something unexpected happens to me. If someone doesn't have a family, their parents are the people they should trust. I don't think anyone would be kind enough to leave a legacy to an outsider like Freedomgo is talking about, and I also don't believe there is anyone who doesn't have a relative.

Sometimes relationships with relatives are so bad and distant that you don’t want to leave anything for them. Moreover, often relatives cannot be trusted, as they can deceive, or they do not take cryptocurrencies seriously, and, accordingly, they don't take seriously what you are doing. Sometimes the best option is to leave investments to those who are in need, or to direct them to the development of an activity that you are passionate about, for example, an educational foundation or a theater studio.

Even the people who are there for you like your wife, who is always there for you even when you are at your poorest, are not trustworthy. Or the person who gave birth and raised you until you grow up and you don't trust them, then there is no one else in this world worthy of your trust. And for a person who always thinks that people always treat him badly, let's see who the cause comes from, what is certain that it is everyone's fault and not mine?

Many people don't take cryptocurrency seriously because they don't know its value but when you talk about its value, they will definitely pay attention and appreciate it just like you. Just like when you understand the true value of bitcoin, how much you love it.

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October 01, 2023, 08:10:14 AM
 #122

This is a problem that people have been talking about for a long time about Bitcoin. The only way is that you have to find someone you really trust to share private keys with. If you have a wife, then she is probably the right person, or you have a very trusted family.
However, you need to make preparations if you plan to make bitcoin your only property. However, the advice I have is that you should have other property to inherit, maybe you can use the bitcoins you currently have to build it little by little.

Having just one investment is not good because anything can happen to that investment and when that happens you lose everything. You could make a mistake and expose your private keys and all your Bitcoin get stolen so having other investment is the best choice. And since you're looking to give your wealth to your family, investing in other things that can be passes on will be great and save you the stress of trusting someone with your private key.

Loved ones are turning to enemies, the divorce rate is rising and so many things are going wrong so trusting love one is becoming harder. Invest in Bitcoin and use your profits to invest in other business and have a will so if you die unexpectedly, the will can help distribute your wealth to your family.

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so98nn
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October 01, 2023, 10:35:01 AM
 #123

Well it’s your family, I don’t think it is very hard choice to make if it’s your family and you trust at least one person who’s very close to you. Just hand over the keys to that particular person and forget about it. Since you are preparing yourself for not using the bitcoin and possibly just holding more then that’s the best option you have got. What else do you really expect from random answers about the seed phrase. You can’t just keep them hidden forever. It has to be passed on to someone so that they can avail the greatness of bitcoin. Otherwise they are just going to sit there forever if no one finds the keys. More or less this is applicable to all sort of properties and assets.
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October 01, 2023, 10:59:24 AM
 #124



Loved ones are turning to enemies, the divorce rate is rising and so many things are going wrong so trusting love one is becoming harder. Invest in Bitcoin and use your profits to invest in other business and have a will so if you die unexpectedly, the will can help distribute your wealth to your family.

Divorce or relatives not trusting each other...all of those conflicts, we can control.  if you always doubt your wife or loved ones just because of money, they have no reason to trust you.  I believe that if you are sincere with them, they will do the same.

Bitcoin is just money and if we lose it, getting it back is not too difficult, but if the relationship between husband and wife breaks down, it will affect the future of your children.  The happiness of a family depends entirely on us.  don't ask others to be honest with you when you're doubting them too.

I see many bitcoin investors tend to be more suspicious of their loved ones when sharing seed phrases with loved ones, you guys seem to worship bitcoin, valuing bitcoin more than anything else.  Bitcoin was not created to make relationships between relatives worse, that is not the purpose of Bitcoin.

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October 01, 2023, 01:07:12 PM
 #125



Loved ones are turning to enemies, the divorce rate is rising and so many things are going wrong so trusting love one is becoming harder. Invest in Bitcoin and use your profits to invest in other business and have a will so if you die unexpectedly, the will can help distribute your wealth to your family.

Divorce or relatives not trusting each other...all of those conflicts, we can control.  if you always doubt your wife or loved ones just because of money, they have no reason to trust you.  I believe that if you are sincere with them, they will do the same.

Bitcoin is just money and if we lose it, getting it back is not too difficult, but if the relationship between husband and wife breaks down, it will affect the future of your children.  The happiness of a family depends entirely on us.  don't ask others to be honest with you when you're doubting them too.

I see many bitcoin investors tend to be more suspicious of their loved ones when sharing seed phrases with loved ones, you guys seem to worship bitcoin, valuing bitcoin more than anything else.  Bitcoin was not created to make relationships between relatives worse, that is not the purpose of Bitcoin.
Too much emphasis on material wealth is the issue. This can impair judgement and harm relationships. Consider this perspective. Sharing seed words or sensitive financial data goes beyond trust. Mutual responsibility and risk awareness are key.

Make sure your loved ones understand Bitcoin's significance, security, and risks before sharing your details. Inform them about data security and digital currency management.

Remember, you can recover lost money, but repairing a relationship? Different ballgame. Respect and open communication should be prioritised. It involves you and your family managing your resources wisely to retain security and confidence.

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October 01, 2023, 02:28:36 PM
 #126

Loved ones are turning to enemies, the divorce rate is rising and so many things are going wrong so trusting love one is becoming harder. Invest in Bitcoin and use your profits to invest in other business and have a will so if you die unexpectedly, the will can help distribute your wealth to your family.

If people fight and break up over money, it doesn't matter if it's bitcoin, or dollar, or gold, or just some pieces of paper. Bitcoin itself is not the cause of bad relationships. And if someone can't share a secret phrase with a wife or child, it means that they don't trust them in general, and not just being afraid for the crypto funds in their wallet. Because trust is not limited to only some issues, if it exists between close people. It is total.

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October 01, 2023, 02:35:28 PM
 #127

Loved ones are turning to enemies, the divorce rate is rising and so many things are going wrong so trusting love one is becoming harder. Invest in Bitcoin and use your profits to invest in other business and have a will so if you die unexpectedly, the will can help distribute your wealth to your family.

If people fight and break up over money, it doesn't matter if it's bitcoin, or dollar, or gold, or just some pieces of paper. Bitcoin itself is not the cause of bad relationships. And if someone can't share a secret phrase with a wife or child, it means that they don't trust them in general, and not just being afraid for the crypto funds in their wallet. Because trust is not limited to only some issues, if it exists between close people. It is total.
Yes, if we talk about negative issues, then any investment, there will be fights in it. However, who is the person who plans to divorce? almost everyone wants their family to survive until their last moment. So, I think it's okay to save valuable things from the partner we have. However, it all comes back to each individual. I also think that it is quite risky to choose bitcoin as the only property you own. It's good if you have other investments from the profits you get from Bitcoin or your other work.

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October 01, 2023, 02:48:27 PM
 #128

Loved ones are turning to enemies, the divorce rate is rising and so many things are going wrong so trusting love one is becoming harder. Invest in Bitcoin and use your profits to invest in other business and have a will so if you die unexpectedly, the will can help distribute your wealth to your family.

If people fight and break up over money, it doesn't matter if it's bitcoin, or dollar, or gold, or just some pieces of paper. Bitcoin itself is not the cause of bad relationships. And if someone can't share a secret phrase with a wife or child, it means that they don't trust them in general, and not just being afraid for the crypto funds in their wallet. Because trust is not limited to only some issues, if it exists between close people. It is total.

Honestly, I don't know how people treat their wives or relatives. But for me, I invest in bitcoin or I do everything for them, my loved ones. Therefore, I have never hesitated to share my important things with them because those things also belong to them even though I am the one who created those things. Indeed, money is very important, but in this world there are things more important than money, once lost, it is very difficult to get it back.

You're right, if a marriage fails or relatives compete for each other's wealth, bitcoin or money is not the cause. The reason is due to our own stupid greed, we are too selfish and always calculating before our loved ones.

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moneystery
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October 01, 2023, 02:57:00 PM
 #129

you can entrust your seed phrase to someone you really trust and has good knowledge about bitcoin, maybe he will be able to develop your assets even more. or if you don't want to have someone you trust in your family, you can just leave your assets in your wallet because it's meaningless if you entrust your assets to someone who can't look after them and what's worse is that he uses your assets for negative things and i'm sure that you don't want that either.

xzy887
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October 01, 2023, 03:31:00 PM
 #130

It totally depends on you and your family members.
If you want your property to be enjoyed by your family after my death then you can definitely give. But this is what everyone wants so that after death his family should enjoy without wasting his money. But the question is, should you tell them about your bitcoin holdings while you're alive? If you have a trusted person then you can say.If you are not faithful, you may lose your lifetime money. For that you keep your Bitcoin accoint security in such a way that no one can access it except your device. Then you can tell them everything about you. So that they can enjoy your bitcoins from your device after death.
DaMut
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October 04, 2023, 07:14:14 PM
 #131

i believe in every family there is one or two person that you can trust such that you can hand over your seed phrase to them and instruct on what to do if you pass away. if there is more than one person you can trust then you can share the BTC into the number of persons and share one phrase to each of them. Alternatively you can input it in your will and instruct on how it will be handled.
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