If only property I have is bitcoin

[OrangeII]

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.

[dothebeats]

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.

I agree with you. It is best to still have other properties and not just rely on Bitcoin. If OP is really passionate and believes in Bitcoin so much then OP can use it to invest in other things, I mean invest in Bitcoin and let the money grow and maybe use the profit to get more properties and investments. This way, Bitcoin will still be the main source of income and the main "property" but OP will have other sources to rely on in case the worst comes to worst. As much as I also believe in Bitcoin, especially with how much it has helped me financially, I know that I cannot fully rely on it alone.

[Aanuoluwatofunmi]

I don't know how possible it is for you to only have bitcoin as a property, but since that was your insinuation, i hope you don't need much advise to how you can secure these one and only last hope you had in bitcoin in such a way that you will not end up loosing it later and you were unable to accomplish your intention of using it as an inheritance for your heir, the decision is yours and how you handle the situation will tell if you truly want it to serve as an inheritance or not, which i will start by encouraging you to know well about bitcoin and security.

[MFahad]

There should be one person in your life who you can trust easily and share your all secrets because if you die then your seed phrase will become secret as a result of which all your money will be lost instead of giving benefit to any person of your family.

Other thing is that you should save your seed phrase and other private materials in your wardrobe so if you forget one of them you will be able to easily recover it. I know success should be kept private from others these days but if you are recover now so try to make your family and share your private keys with them.

[Dzwaafu11]

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.

Actually, mate, you said the truth about this issue of sharing the private, but the problem is, where are you even going to get a trusted one to hand over your holdings to someone? Because, in my opinion, giving someone your private key is just like handing over your funds to him or her. However, you can see that this is an issue with money, and you know how difficult it is to give out where your money is to someone to be in charge of it, so actually, while giving out your money to someone who you trust, make sure this person is someone that you believe will not disappoint you even when you are not more because something like this even family members betray sometimes.

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.

Yeah, mate.
Seriously making bitcoin only the property you have on earth is totally a bad idea the only thing  is that why won’t you use just someone of the money you will use to buy bitcoin to maybe divide in to 2 so that you can use one part to purchase the bitcoin and the rest to do physical things like maybe a estate, store and something like that that will also generate money. Since you really need the bitcoin as part of the things you want if not I could have said you should divide it more than 2 that is said earlier so that you will not come and be panicking when something go other side of the bitcoin market and you can able to leave it there then continue using your physical investments to meet your needs out there.

[Bushdark]

Sometimes we imagine some mystery of life as we are still living, have you asked yourself of your cryptocurrency investment profit and lost way about if you live by ghost, again have you asked the mystery that behind your investment when it occurs to be profiting, right now I'm thinking to myself and my investment and if only investment I have is bitcoin and when I'm no more who will manage my bitcoin investment and how will my family know about my bitcoin investment. I was ill for some days and I asked myself a two questions base on my only investment bitcoin, the questions are.

1) since I'm ill should I show my family my seed phrase
2) if I die who will take over my bitcoin since nobody in my family knows my seed phrase.

So I was asking myself different questions because I have no wife and no child, then I began to think and be questioning myself if it will be good to at least tell one person in my family my seed phrase or should I keep having the perso secret of my seed phrase personal or should I keep my bitcoin document on my wardrobe were they can easily see my seed phrase, that time I was of full of thinking, thank God  I recover fully from the illness before i return to forum...no sympathy

Sometimes, we need to make sure that we make decisions that will help us in the future not minding what how we are seeing it. We need to ask ourselves a question and try to get the answer before we indulge in anything we have or intend to do.

Cryptocurrency is all about takimg risk and if we don't take the right decisions during our risk taking then we might end up during what we are doing without any achievement. Death is one of the things that make it look like cryptocurrency is not inheritable but there is a way we can go about it. We can inherit cryptocurrency but there is also risks attached to it. Cryptocurrency investment can be very beneficial to us if we are patient enough and do the right thing.

[Sanitough]

Any type of investment will only end up useless if it won’t be benefited after the investor is gone. That is the reason why we shouldn’t invest and just keep it into yourself because when death suddenly appears, then no one will ever know that you have huge bitcoin investment that can of great benefits to the people around. I just hope that you can find a trusted family member that you can talk about your bitcoin investment. Educate him and let him know how to access and use it once you’re gone. That way, all your efforts and hard work will not be wasted and will definitely help other people especially in need.

[Mst.Wangdan$]

I think a man can trust his father and mother that's why he should tell his father or mother all the information about his investment because no one knows when a man's death will come that's why if his personal a person knows where he invested bitcoins.  If there is then this bitcoin will be very useful for that person that's why I want to tell everyone that you all should have a personal person because if you die then he can enjoy that bitcoin and spend his life.

[Bitcoin_people]

It is very important to think about these things, since a bitcoin investor is only investing his life's wealth in bitcoins. Invests in Bitcoins and accumulates some fraction of it in his capital with the aim of getting good profits from Bitcoins in the future. Moreover, I know that a person does not live all his life, people are mortal, so a person who earns money than his life is happy mainly for his future generations. When you are a Bitcoin investor you should definitely convey these two things to your family. When your Bitcoin family members know your wealth they can enjoy it. If you die, your children will benefit greatly from those assets, so you should tell your family members the Bitcoin seed phrases.

[Salahmu]

There is a saying that it doesn't matter how long you live a life but matters is how well you lived, we no that death is inevitable but the question we should ask ourselves is that what foundation or legacy have you establish to your family? So in times of having only one source of income is not wise, so to me I cannot put only Bitcoin as my only source of wealth perhaps I could only invest half of my money on Bitcoin and channel other ones to different kind of investment because there is a proverb in my country that says that never put all your eggs in one basket because if you do, and the basket falls all the eggs you have gathered for many years will be broken, so this means that we shouldn't rely on one channel of investment so that of something happens you will have were to fall into.

[Blitzboy]

There is a saying that it doesn't matter how long you live a life but matters is how well you lived, we no that death is inevitable but the question we should ask ourselves is that what foundation or legacy have you establish to your family? So in times of having only one source of income is not wise, so to me I cannot put only Bitcoin as my only source of wealth perhaps I could only invest half of my money on Bitcoin and channel other ones to different kind of investment because there is a proverb in my country that says that never put all your eggs in one basket because if you do, and the basket falls all the eggs you have gathered for many years will be broken, so this means that we shouldn't rely on one channel of investment so that of something happens you will have were to fall into.

Wealth and assets of the wealthy and influential have been diversified for centuries. Why? due to the fact that they are well aware of the dangers of a single point of failure. What would happen if you invested everything in Bitcoin and there was a market crash or some large corporations decided to manipulate the market? Your situation will be hopeless. You're referring to universal information that the wealthy have been using for many years, not just ancient knowledge from your own nation. Do not contribute to their larger plan by becoming another pawn. Act appropriately by being aware of the game.

[freedomgo]

The reason why we are here investing is to benefit the profits right after but if we are no longer alive, those investments will never be worthy anymore. So if we can find a trusted ally that we can leave our legacy and make him continue and benefit from it, it would be a better decision. At least, we are able to help that person to grow and improve his own life.

[DapanasFruit]

Sooner or later, all of us will have to be dealing with this concern whether one is involved with crypto or even not. Death really is a big question of when and not if. Time is coming when we will go somewhere else and we then leave everything behind including our crypto assets so in this case we should be making sure that someone will be receiving the assets so they will not just be waster digitally. Now, the best thing to do is to select someone whom we can truly trust and make sure that there will be instructions he/she should be following, in case we can have requests in mind. Now, that someone has to be vetted well, otherwise things will just go south and we don't want that to happen. For now, while being ready for the inevitable, let's just enjoy the roller-coaster ride we know is very much true in this industry.

[lienfaye]

1) since I'm ill should I show my family my seed phrase
2) if I die who will take over my bitcoin since nobody in my family knows my seed phrase.

So I was asking myself different questions because I have no wife and no child, then I began to think and be questioning myself if it will be good to at least tell one person in my family my seed phrase or should I keep having the perso secret of my seed phrase personal or should I keep my bitcoin document on my wardrobe were they can easily see my seed phrase, that time I was of full of thinking, thank God  I recover fully from the illness before i return to forum...no sympathy

All of us have an ending and it's inevitable. What you worry now about your Bitcoin has a simple solution and that is to have someone in your family where you can leave everything without hesitation. Because this particular person is a trustworthy (since you don't have a family of your own yet). We can't bring our fortune when we die therefore it's better to be prepared.

In my case I have someone who knows my seed phrase and other valuable assets. So even there's an unexpected scenario that came, I am at ease that my children won't be left behind with nothing.

[xSkylarx]

The reason why we are here investing is to benefit the profits right after but if we are no longer alive, those investments will never be worthy anymore. So if we can find a trusted ally that we can leave our legacy and make him continue and benefit from it, it would be a better decision. At least, we are able to help that person to grow and improve his own life.

and that would be parents if you are still not married because it is your parents no matter how illiterate they are just should teach them while you are still alive. For the other case if they have a wife that would be worthy of sharing because it would be a huge problem if you died as there is no one supporting them and mostly your bitcoin is lost forever.

Others purchase a ledger and put it in the safe and they tell their parents and wives to open it when he dies which would be your last will just in case as we don't know what will happen to us.

[legendbtc]

The reason why we are here investing is to benefit the profits right after but if we are no longer alive, those investments will never be worthy anymore. So if we can find a trusted ally that we can leave our legacy and make him continue and benefit from it, it would be a better decision. At least, we are able to help that person to grow and improve his own life.

and that would be parents if you are still not married because it is your parents no matter how illiterate they are just should teach them while you are still alive. For the other case if they have a wife that would be worthy of sharing because it would be a huge problem if you died as there is no one supporting them and mostly your bitcoin is lost forever.

Others purchase a ledger and put it in the safe and they tell their parents and wives to open it when he dies which would be your last will just in case as we don't know what will happen to us.

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.

One more thing, we should share our secrets with our loved ones now, don't think about it until it's too late. Don't forget that we are working or investing in bitcoin for them, not entirely for each of us.

[Magic-Money]

Not only to show your best family friend your private key or phase password of your Bitcoin wallet, with him/her don't have the knowledge of Bitcoin on how it works is a big mistake while doing that, the first thing is to write down your Bitcoin wallet private key or phase code as a document it offline and state them clear for your love one that has access to your documents if the person is no more. Moreover, Bitcoin has to be educated to our beloved family and how to make use of it.

[Questat]

Not only to show your best family friend your private key or phase password of your Bitcoin wallet, with him/her don't have the knowledge of Bitcoin on how it works is a big mistake while doing that, the first thing is to write down your Bitcoin wallet private key or phase code as a document it offline and state them clear for your love one that has access to your documents if the person is no more. Moreover, Bitcoin has to be educated to our beloved family and how to make use of it.

Some of us are afraid to share any information about our crypto investment because we think that someone will have an interest in it and steal their Bitcoin that is why they prefer to keep it secret rather than tell their loved ones. Let us consider this as a sort of protection but on the other side, there is also a disadvantage which we also have to anticipate. Such practices need to be corrected, we have to let someone entrust with - the keys and passwords for the sake that they are able to access and benefit from them when the time has come.

[Clark Anderson]

It is very normal to be afraid of telling family members about your investments to avoid it being stolen which might lead to a family feud but then it is okay to let them have an idea of what you do and how you save your source of income. You don't necessarily have to give them the entire details just an idea. Also documentation also matters, in as much as you don't want anyone to know how much you have while you are alive, you definitely want them to have a share each incase unforseen circumstances occur, so document every little detail as much as you can.

[Etranger]

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.