I Want To Invest Money From My Inheritance In Bitcoin, But?

[2Pizza410000BTC]

Since you have experience with Bitcoin, you will understand better with a little talk. But first of all I want to tell you that never mix bitcoins with money from your siblings. Because we never want any trouble between brothers and sisters and good relationship between brothers and sisters is not broken throughout life. You invest your own money in Bitcoin. If they don't want to, they don't need to invest their money in Bitcoin. I understood from your post that your sibling relationship is not very good, if your sibling relationship was good then your land would not have been sold on partition.

[New Money]

Signing a contract might not solve everything if the BTC price drops. Remember, this is Bitcoin we're talking about - it's really unpredictable.

Even with a contract, your siblings might still be upset if they lose money. Are you ready to take that risk with your family ties? It's not just about the money; it's about keeping a good relationship with your bros and sis. Maybe think about a safer investment or get a financial advisor on board to guide you all.

[bluebit25]

It's not too important where the investment money comes from, but if you have a stance, take action. And your situation is a problem with your family members about investing in bitcoin, the solution is simply to tell them all your thoughts. Joint investments really have a lot of strings attached, and close relationships should not be tied here. I have also encountered problems with contributing capital, although it is not a story associated with bitcoin, but when I wanted to escape, it couldn't go smoothly at all because it affected the group. So try to express everything to them, and encourage them to be independent without depending on anyone.

[Bd officer]

OP, since you said you have been involved with Bitcoin for a long time, I think you have the right idea about Bitcoin. In my opinion you should introduce your brothers to Bitcoin. Tell your brothers about the risk of Bitcoin, its future price increase is uncertain, future losses can be faced thus give your brothers an idea. If your brothers are interested in investing in Bitcoin knowing the risks, you can make them invest separately by giving them an idea about the wallet. Make arrangements so that your brothers will not blame you in future. But don't invest all your and your brothers' money together.

[BabyBandit]

Don't mix family and money. If Bitcoin drops, they'll blame you. If you lose their Bitcoin, they'll blame you.

Sorry I always got respect for you but this is the stupidest thing I ever heard?
Yes if you got a insecure family maybe? Or you tell it to your 12 year old young brother? Then maybe you're right.
But if that's not the case and you don't you lie to them and say its 100% profitable and you put it on the table and say the risks in a honest way tell them how to get their own wallet, and store their seed phrase's. then it's a perfect idea. Give a tip of invest that worked for you to your family is not bad, start a business with your family may be a terrible idea. But it's two different things. Responsibility? But your opinion and I respect it. 

Don't mix family and money. If Bitcoin drops, they'll blame you. If you lose their Bitcoin, they'll blame you.

Well, this is what I'm worried about, and while I'm sure in the long run Bitcoin will be profitable, I have to think about the risks because anything can happen. And I haven't made a decision yet because I need an opinion, because they are family.

First OP sorry for your loss of your father. I hope you will and your brothers will recover from that first when you got your head clear talk with your brothers and go for it!
Your family can take decision for themself right? Tell them about it honest and good and then they make the decision. I told my father about it 2 years ago. He got a work so he don't got time to buy and sell and go into forums and read, so he ask me time to time, it have make us get an new relationship and something more to talk about from the past when things was not as good, I love I did invited him to crypto and he is on good profit.
And never listen to insecure people do what is best for you and your family. your and your family is not their family. I would go for it, advice it straight and honest and do a plan, tell them about how to make their own wallet and store their seed phrase, where to buy where you know it's 100% safe. If your family is real they would never blame you if Bitcoin goes down. If so.. then they not real family.

OP, since you said you have been involved with Bitcoin for a long time, I think you have the right idea about Bitcoin. In my opinion you should introduce your brothers to Bitcoin. Tell your brothers about the risk of Bitcoin, its future price increase is uncertain, future losses can be faced thus give your brothers an idea. If your brothers are interested in investing in Bitcoin knowing the risks, you can make them invest separately by giving them an idea about the wallet. Make arrangements so that your brothers will not blame you in future. But don't invest all your and your brothers' money together.

Yes 100% and every man/women that is an adult is old enough to take own decisions. I was surprised about the first reply, why in the hell would they blame OP if they know the risk?
It's not like he promise gold and green woods and stuff *LOL*! If it works it works if not then not. they still family. Must have a strange family connection if gonna blame someone for a idea like this.

I do hope you are aware of the risks involved when investing in crypto or any other digital assets and thus why they always emphasize that you should invest what you can afford to lose so that should anything go wrong.

True. But still OP don't need to promise something that isn't true, right?  

[kennyliang23]

Signing a contract might not solve everything if the BTC price drops. Remember, this is Bitcoin we're talking about - it's really unpredictable.

Even with a contract, your siblings might still be upset if they lose money. Are you ready to take that risk with your family ties? It's not just about the money; it's about keeping a good relationship with your bros and sis. Maybe think about a safer investment or get a financial advisor on board to guide you all.

Absolutely, I agree with you. Investing with family, especially in something as uncertain as Bitcoin, can really complicate things. It's smart to avoid mixing family and high-risk investments. Keeping relationships solid is way more important than any potential financial gain from such unpredictable ventures. Better to play it safe and keep family and finances separate, especially with the ups and downs of crypto.

[Pi-network314159]

Don't mix family and money. If Bitcoin drops, they'll blame you. If you lose their Bitcoin, they'll blame you.

Not only will they blame him, but cause him of misleading them into something that them loose fund. And sometimes will be asked to refund their money without considering it's a risky business. Whatever crypto investment anybody is doing should be done personally and not mass involvement because sometimes they will panic when there is dip and might night be patient as you are. And will force you to pull about the fund and shear it. While your goal hasn't been met.

[FinePoine0]

After my father died 3 weeks ago, we as 5 brothers agreed to fulfill my father's wishes by selling part of his land to be sold and distributed to 5 members. So my parents' house still has 250 meters of land next to my parents' house which is currently still occupied by my mother and two younger siblings and the land area of the house is also quite large.
Long story short, from the sale of 250 meters of land, 5 family members each received $4,400. And I have plans to buy Bitcoin to increase my Bitcoin amount in the near future so that the money is not reduced for unimportant purposes. Because it cannot be denied that if I see large amounts of cash, I will definitely want to buy what I want, not what I need.
And what confused me was that 2 of my family members, namely 1 older brother and 1 younger brother, wanted to share some of their

And to be honest, I'm still in a state of mourning because of many things and stories that I can't just forget.

You can't pool all the money in your family and invest in Bitcoins on your own. As the opportunity for investors to invest in bitcoins has come and the price of bitcoins is falling. If you invest in bitcoins and the bitcoins can go down from your invested money and everyone will blame you.

You can invest in Bitcoin on your own, no doubt, but whenever you pool your family's money and invest in Bitcoin, you're more likely to have trouble with your siblings.

[fuguebtc]

Thank you everyone for your input and feedback.
Actually, what you thought and mentioned crossed my mind, but this situation makes me a little confused, because losing a father who can be a friend is something painful and difficult to forget.
And maybe what I will do with both of them is, I will ask for lots of time to make decisions in a calm state. However, my decision to invest my own money will soon be implemented and I just have to wait for the right time, and for now what comes to my mind is that when the time is right, I will advise them to do it themselves. And keep it under my supervision until they really understand everything including the risks, and all that after I educate them how to use it and all the basics.

Once again, thank you everyone. And maybe in the near future I will lock this thread.

Even though we are brothers in the same family, when it comes to money it will make things worse. Therefore, no matter what reason your brothers give you, you should refuse and let them manage their investments themselves.

I also brought my younger brother into this market, but from the beginning I made it clear that each person should be responsible for their own money, not pooling it together to invest because if they lose, no one will be responsible. None of us are rich enough to be responsible for everyone, so we should be responsible with our money. Tell them that if they can't even manage money then they shouldn't think about getting rich.

[Ale88]

And what confused me was that 2 of my family members, namely 1 older brother and 1 younger brother, wanted to share some of their money to invest in my Bitcoin. And they themselves don't want to do it for reasons, they don't want to bother.
Even if he wants, I will teach him to make a Bitcoin wallet. But they still don't want to and want to combine their money with my money to invest in Bitcoin, and they already know that I have been involved with Bitcoin for a long time and they also know about my changes. And maybe that's what makes them want to do it, so that their money will increase.
And this makes me confused and I haven't made up my mind about their money that they want to put into my Bitcoin, and they also know that investing in Bitcoin takes a long time to get good profits. And I'm always in this for the long term, and I need a way or an opinion so I can make good decisions.

And to be honest, I'm still in a state of mourning because of many things and stories that I can't just forget.

As already users already pointed out, if I were you I would be very careful with this situation because it can become extremely messy and bring to unexpected reactions. Family is family, but when there is money involved people change. I think you should explain them how to buy bitcoin, even guide them for example with the exchange registration process, KYC, placing the orders, buying a hardware wallet, etc etc, but they need to do this without mixing their funds with yours. Even for tax purposes, if they want to sell and you bought the bitcoins it could be a little tricky situation. Without even mentioning if for any reason you would lose access to their bitcoins... If they want to invest they need to grow up and learn, if they're not willing to understand the whole process then I wouldn't help them.

[MFahad]

After my father died 3 weeks ago, we as 5 brothers agreed to fulfill my father's wishes by selling part of his land to be sold and distributed to 5 members. So my parents' house still has 250 meters of land next to my parents' house which is currently still occupied by my mother and two younger siblings and the land area of the house is also quite large.
Long story short, from the sale of 250 meters of land, 5 family members each received $4,400. And I have plans to buy Bitcoin to increase my Bitcoin amount in the near future so that the money is not reduced for unimportant purposes. Because it cannot be denied that if I see large amounts of cash, I will definitely want to buy what I want, not what I need.
And what confused me was that 2 of my family members, namely 1 older brother and 1 younger brother, wanted to share some of their money to invest in my Bitcoin. And they themselves don't want to do it for reasons, they don't want to bother.
Even if he wants, I will teach him to make a Bitcoin wallet. But they still don't want to and want to combine their money with my money to invest in Bitcoin, and they already know that I have been involved with Bitcoin for a long time and they also know about my changes. And maybe that's what makes them want to do it, so that their money will increase.
And this makes me confused and I haven't made up my mind about their money that they want to put into my Bitcoin, and they also know that investing in Bitcoin takes a long time to get good profits. And I'm always in this for the long term, and I need a way or an opinion so I can make good decisions.

And to be honest, I'm still in a state of mourning because of many things and stories that I can't just forget.

the best suggestion I can give you is don't take responsiblity of other's money when investing in crypto. no matter if those are your siblings. because they'll always make you acountable for whatever happen with bitcoin and crypto market.
If by chance Crypto price drop and value of money drop. and they come to you and ask for their money for any reason. you tell them you can't return them the money because btc price low so if you sell them now they'll loose. think what will they say after that?
Only you understand about Bitcoin market, they don't. so better to let them manage their own funds. you can teach them if you want.

[0t3p0t]

After my father died 3 weeks ago, we as 5 brothers agreed to fulfill my father's wishes by selling part of his land to be sold and distributed to 5 members. So my parents' house still has 250 meters of land next to my parents' house which is currently still occupied by my mother and two younger siblings and the land area of the house is also quite large.
Long story short, from the sale of 250 meters of land, 5 family members each received $4,400. And I have plans to buy Bitcoin to increase my Bitcoin amount in the near future so that the money is not reduced for unimportant purposes. Because it cannot be denied that if I see large amounts of cash, I will definitely want to buy what I want, not what I need.
And what confused me was that 2 of my family members, namely 1 older brother and 1 younger brother, wanted to share some of their money to invest in my Bitcoin. And they themselves don't want to do it for reasons, they don't want to bother.
Even if he wants, I will teach him to make a Bitcoin wallet. But they still don't want to and want to combine their money with my money to invest in Bitcoin, and they already know that I have been involved with Bitcoin for a long time and they also know about my changes. And maybe that's what makes them want to do it, so that their money will increase.
And this makes me confused and I haven't made up my mind about their money that they want to put into my Bitcoin, and they also know that investing in Bitcoin takes a long time to get good profits. And I'm always in this for the long term, and I need a way or an opinion so I can make good decisions.

And to be honest, I'm still in a state of mourning because of many things and stories that I can't just forget.

First of all OP condolence to your family.

For me there is nothing wrong of having your family's investments with you as long as they know how it works and they fully understand crypto, if not, that is a bit of a risky thing since Bitcoin is volatile and if they need that money back there is a high possibility of selling it at lower price especially in times of correction, plummet or crash.

But if they really insist then create one or two additional wallets containing their investments with Bitcoin depending on how they want it to be kept either separate or not but just don't put it together with yours. And don't forget to tell them about the possible risks.

If your siblings have stable source of income then it's good but if not I think this will be a tricky decision for them. Given that you are here in this industry for a long time I think you can handle this mate. Good luck to all of you.

[TheUltraElite]

Firstly my condolences for your loss.

Only you should be the person investing in "your" bitcoin. Do not take the responsibility of your brother's money to invest in bitcoin just because they dont understand the risks and are thus unwilling to invest on their own and are putting it on your shoulders.

This can turn out really bad in case bitcoin drops - which it obviously will and then come back up again. But in the meantime you will have to face the heat from your family, leading to a household problem.

I would say take it slow, it has just been 3weeks, allow the grave incident to sink in and take your time out. Dont make rash decisions right away, they always end up in the bad way.

[pinggoki]

Condolences. Now for your dilemma, I think that you shouldn't do what your brothers want because I might be wrong but they'll probably try to trick you out of that when the time for the profit taking comes, that's the thing that will likely happen. They give a small amount of say 1k for example and you invest all of your inheritance, they will probably think that when it comes time to sell, that the split will be 1/3 for each so you end up with less even though you've got the biggest share of the investment. That's all that I can say to this and try to tell them that it's better if they just do the investing on their own and not mix their money with yours so there's no confusion for everyone, good use of the money but you're better off with your father still around  .

[AnonBitCoiner]

Everyone is aware of bitcoins risk and as it possess profit so there are also some risk involved in it and as you are a part of bitcoin investment so surely you will better know this thing. Everyone can manage their own risk and can handle their own money but I will suggest you should not take this risk because if you Loss money then your brothers will always blame you for this and will ask for their money.

See your financial status if you can return such a big amount to your brothers after unfortunate loss then take this risk but think before doing this because we have to take decision after keeping in mind about both of the risk and benefits.

[m2017]

And what confused me was that 2 of my family members, namely 1 older brother and 1 younger brother, wanted to share some of their money to invest in my Bitcoin. And they themselves don't want to do it for reasons, they don't want to bother.

The reason for their choice is different. Giving their money to you if “something goes wrong” you'll be a fool (they will blame you for your failures). Your brothers want to transfer the risks of investing and storing bitcoin to you. Don't tie yourself down with responsibility for other people's money.

Even if he wants, I will teach him to make a Bitcoin wallet.

Limit yourself to brief instructions for using and owning bitcoin. Let them learn to do everything else themselves. You can't moneybabysit your relatives' investments forever. You are not some kind of broker receiving interest for this.

Let them learn to manage the contents of their pockets on their own.

[arwin100]

After my father died 3 weeks ago, we as 5 brothers agreed to fulfill my father's wishes by selling part of his land to be sold and distributed to 5 members. So my parents' house still has 250 meters of land next to my parents' house which is currently still occupied by my mother and two younger siblings and the land area of the house is also quite large.
Long story short, from the sale of 250 meters of land, 5 family members each received $4,400. And I have plans to buy Bitcoin to increase my Bitcoin amount in the near future so that the money is not reduced for unimportant purposes. Because it cannot be denied that if I see large amounts of cash, I will definitely want to buy what I want, not what I need.
And what confused me was that 2 of my family members, namely 1 older brother and 1 younger brother, wanted to share some of their money to invest in my Bitcoin. And they themselves don't want to do it for reasons, they don't want to bother.
Even if he wants, I will teach him to make a Bitcoin wallet. But they still don't want to and want to combine their money with my money to invest in Bitcoin, and they already know that I have been involved with Bitcoin for a long time and they also know about my changes. And maybe that's what makes them want to do it, so that their money will increase.
And this makes me confused and I haven't made up my mind about their money that they want to put into my Bitcoin, and they also know that investing in Bitcoin takes a long time to get good profits. And I'm always in this for the long term, and I need a way or an opinion so I can make good decisions.

And to be honest, I'm still in a state of mourning because of many things and stories that I can't just forget.

Although we know how good bitcoin in terms of investment also in form of money still this is not enough to make us decide to use our inherited money to invest on this risky option. You need to consider a lot of things especially the risk for deciding that since if you commit a mistake upon investing on bitcoin for sure you will get broke then lose the money supposed to be given then used for other good things, For sure there's a lot of blames will come on your side so think carefully regarding on your decision making on that.

Much better if you take all slow and just invest the money you have and don't touch those amount given so that you will not get broke instantly if crypto market fails or collapsed without you expect this to happen.

[blckhawk]

Don't mix family and money. If Bitcoin drops, they'll blame you. If you lose their Bitcoin, they'll blame you.

Seen a lot of stories about this and it's an ugly thing, this is pretty prevalent thing in most provinces in my country and most of the time, the property that they're fighting and killing each other over is just a tiny piece of land that if you're there, you would be confused why they're fighting over it when they can't even build a decent house on it.

[Zanab247]

And this makes me confused and I haven't made up my mind about their money that they want to put into my Bitcoin, and they also know that investing in Bitcoin takes a long time to get good profits. And I'm always in this for the long term, and I need a way or an opinion so I can make good decisions.

Hope you know that what you are about to do is a big risk for you? because your brothers are already aware that you are a bitcoiners in the family and you want to help them to invest in BTC and, if they see you growing more wealth than them in the society they will feel you are using their money to enrich yourself.

I will advise you to tell your elder brother and younger brother that you where joking with them that you have the knowledge of BTC which is not true so that they will look for other business that they have the idea to invest the money because, if you go ahead and create the BTC wallet for them to invest in BTC and anytime they see you making more money from BTC, they will not know that you are using your senior member account to work in the signature campaign than to think you're not telling them the secret behind BTC investment.

[moneystery]

i think you already understand investing in bitcoin so i don't need to explain any more. but from my experience as someone who has siblings and has worked with them on a business, it is better for you to separate sibling relationships and money, because my experience is quite bad in that regard. i don't know what your brothers are like, maybe they are good people, but you know that sometimes money can change a person and this will disturb your relationship with your brothers.

so it's better for you to teach them how to invest in bitcoin and how to manage it in their own wallet. so that one day you won't be blamed for the decline in bitcoin prices or investments that don't grow.