Buy Buy Buy or Sell Sell Sell?

[JayJuanGee]

long term and investing is likely 10-20 years or more, yet frequently we refer to 4-10 years and above in order to include the possibility and consideration that there might be some people who might have shorter time-frames due to their age or their health or perhaps some other kind of life event that might cause them to have to sell in a shorter timeline..

You explanations are okay @JayJuanGee but talking about age as one of the factors that can lead to an investor deciding to sell their bitcoins earlier than expected, don't you think it will still be a good idea for someone who is quite old to pass the long term goal to their offspring instead of selling because if he decides to sell due to old age it will still return back to Fiat that has low monetary value when compared with bitcoin so it will not be a good idea to sell bitcoin and still return back to keep Fiat again, it also makes me to think why someone who is quite old will consider to just invest within 4 years interval (just an assumption), what if at that time the price of bitcoin falls will they sell at lost just because of their age?
      If an investor decides to sell their bitcoin within a short time frame due to health issues it's understandable but yet keeping emergency funds for such situation in the future will be best instead of selling except the health challenge supersedes the emergency funds before selling their holdings to attend to their immediate challenge will become an appropriate decision.

I get your point but I hope you also know that we are not just investing in Bitcoin to hold it forever rather we are investing to hold for some period of time so that within that interval of time our holding would've grown so big that we can now take or sell. So if an old investor wants to seel off his investment it's not a crime or wrong decision and if I may ask what if the aged investor don't have someone to watch after or look after the investment because I know there are people like that and on the other hand if an aged investor have someone such as son, daughter, relatives etc, then I will suggest the aged investor ask if they can watch over the investment or if they have other investment plan and if they can watch over it maybe they can sell a little of it keep and the investment burning. but not everyone is into Bitcoin investment even though Bitcoin investment is very cool.

It is true that we can't hodl forever but bitcoin should be a store of value instead of to consider selling simply because they are getting old, how about those that died even when they have huge stash of bitcoin in their portfolio? are you going to blame them for not selling it off before they gave up the ghost? even in the bank there are still people that left huge funds there and left the world even without anyone close to them knowing about it. In a nutshell, all am saying is that if someone has a long term targets they should not sell their bitcoin when they feel they are getting too old so far as they are not into any financial pressure of any kind because you can agree with me that if it involves someone that invested a huge amount and decides to sell, is it not still Fiats that the money will return to? our goal is not to move from Fiat to bitcoin and not to reverse back from bitcoin to Fiat again it does not make any sense. We keep hodling whether young or old then if a person is getting too old and feels they may not really be able to control the assets they own in bitcoin, they can hand it over to someone they trust.

Those who left huge stash of Bitcoin in their portifolio and died even when they have seen some negative sign about their health status, to me I will classify them as wicked people I mean that's not the best thing to do. Imagine having like 50 to 100 Bitcoin and then giving up the ghost without selling or letting anyone know about it, is it not a waste of investment. Just like I said, if they have someone they can share there seed phrase to it will be fine.

Bitcoin doesn't work like that.   If a person does not pass on the recovery, then the whole of the remaining balance gets distributed to the whole of the remaining BTC holders, since those coins will never be moved again.  Sure a person could choose to designate  someone or give his private keys to someone or leave the private keys in some kind of a way, but if he doesn't, there is no real loss in regards to bitcoin the network or in regards to the scarcity or the remaining bitcoin supply.  I would not consider such act as wicked or even presume that there was someone that he owed specifically to share the value that he had accumulated, and maybe he might even consider that giving his value to all remaining bitcoin holders is a better way to spend his value.. satoshi might have done the same thing.. actually with each passing day, it seems that satoshi is never going to access his coins... and/or that he did not pass his coins (private keys) to anyone else.

[laijsica]

long term and investing is likely 10-20 years or more, yet frequently we refer to 4-10 years and above in order to include the possibility and consideration that there might be some people who might have shorter time-frames due to their age or their health or perhaps some other kind of life event that might cause them to have to sell in a shorter timeline..

You explanations are okay @JayJuanGee but talking about age as one of the factors that can lead to an investor deciding to sell their bitcoins earlier than expected, don't you think it will still be a good idea for someone who is quite old to pass the long term goal to their offspring instead of selling because if he decides to sell due to old age it will still return back to Fiat that has low monetary value when compared with bitcoin so it will not be a good idea to sell bitcoin and still return back to keep Fiat again, it also makes me to think why someone who is quite old will consider to just invest within 4 years interval (just an assumption), what if at that time the price of bitcoin falls will they sell at lost just because of their age?
      If an investor decides to sell their bitcoin within a short time frame due to health issues it's understandable but yet keeping emergency funds for such situation in the future will be best instead of selling except the health challenge supersedes the emergency funds before selling their holdings to attend to their immediate challenge will become an appropriate decision.

I get your point but I hope you also know that we are not just investing in Bitcoin to hold it forever rather we are investing to hold for some period of time so that within that interval of time our holding would've grown so big that we can now take or sell. So if an old investor wants to seel off his investment it's not a crime or wrong decision and if I may ask what if the aged investor don't have someone to watch after or look after the investment because I know there are people like that and on the other hand if an aged investor have someone such as son, daughter, relatives etc, then I will suggest the aged investor ask if they can watch over the investment or if they have other investment plan and if they can watch over it maybe they can sell a little of it keep and the investment burning. but not everyone is into Bitcoin investment even though Bitcoin investment is very cool.

It is true that we can't hodl forever but bitcoin should be a store of value instead of to consider selling simply because they are getting old, how about those that died even when they have huge stash of bitcoin in their portfolio? are you going to blame them for not selling it off before they gave up the ghost? even in the bank there are still people that left huge funds there and left the world even without anyone close to them knowing about it. In a nutshell, all am saying is that if someone has a long term targets they should not sell their bitcoin when they feel they are getting too old so far as they are not into any financial pressure of any kind because you can agree with me that if it involves someone that invested a huge amount and decides to sell, is it not still Fiats that the money will return to? our goal is not to move from Fiat to bitcoin and not to reverse back from bitcoin to Fiat again it does not make any sense. We keep hodling whether young or old then if a person is getting too old and feels they may not really be able to control the assets they own in bitcoin, they can hand it over to someone they trust.

Those who left huge stash of Bitcoin in their portifolio and died even when they have seen some negative sign about their health status, to me I will classify them as wicked people I mean that's not the best thing to do. Imagine having like 50 to 100 Bitcoin and then giving up the ghost without selling or letting anyone know about it, is it not a waste of investment. Just like I said, if they have someone they can share there seed phrase to it will be fine.

The decision to share a seed phrase with someone is entirely personal to that person if their family has reliable descendants to provide them with that seed phrase. There are many elderly people in the world who have no one to care for them in their final days, even if they have a lot of money. In fact, this happens as a result of social values ​​and family breakdown. If it is the case that a person has a large number of bitcoins in his portfolio but does not get a chance to pass them on due to the lack of a proper successor, then you can call him a loss rather than a waste, even though if he had a family of his own he could have served them.

If that person intentionally doesn't share his seed phrase with anyone, you can call him a waste. If he was a great person, he could have donated the bitcoins he had accumulated in return for a lot of hard work to an orphanage or some other service organization.

[stadus]

The decision to share a seed phrase with someone is entirely personal to that person if their family has reliable descendants to provide them with that seed phrase. There are many elderly people in the world who have no one to care for them in their final days, even if they have a lot of money. In fact, this happens as a result of social values ​​and family breakdown. If it is the case that a person has a large number of bitcoins in his portfolio but does not get a chance to pass them on due to the lack of a proper successor, then you can call him a loss rather than a waste, even though if he had a family of his own he could have served them.

If that person intentionally doesn't share his seed phrase with anyone, you can call him a waste. If he was a great person, he could have donated the bitcoins he had accumulated in return for a lot of hard work to an orphanage or some other service organization.

The way we handle our Bitcoin is entirely up to the owner. If they choose to share their seed phrase, that’s their decision, what matters is that, when the time comes to sell or spend our fortune, we’ll get to enjoy it. However, losing access to our wallet is a clear loss on our part since we miss out on using it. But what’s interesting is its effect on the entire market, lost Bitcoin reduces the supply, and based on basic supply and demand principles, this scarcity could help drive the price up in the future, especially since Bitcoin’s supply is inherently limited.

[Ambatman]

The way we handle our Bitcoin is entirely up to the owner. If they choose to share their seed phrase, that’s their decision, what matters is that, when the time comes to sell or spend our fortune, we’ll get to enjoy it. However, losing access to our wallet is a clear loss on our part since we miss out on using it. But what’s interesting is its effect on the entire market, lost Bitcoin reduces the supply, and based on basic supply and demand principles, this scarcity could help drive the price up in the future, especially since Bitcoin’s supply is inherently limited.

I doubt if I want to be a Jesus.
There's someone we can trust with our keys in case of the inevitable and I'm quite curious how individuals that wouldn't leave access to their private key still hold.
I hold for the future ,if I don't enjoy it
Someone I know would and that's a relief
I'm curious how individuals that might loss everything after death feel about Holding?
Or is their stash reduced by the years.
Or take the gamble of if they alive till old age they would love to go in a bang as and if not
Well, They at least tried.

[Troytech]

The decision to share a seed phrase with someone is entirely personal to that person if their family has reliable descendants to provide them with that seed phrase. There are many elderly people in the world who have no one to care for them in their final days, even if they have a lot of money. In fact, this happens as a result of social values ​​and family breakdown. If it is the case that a person has a large number of bitcoins in his portfolio but does not get a chance to pass them on due to the lack of a proper successor, then you can call him a loss rather than a waste, even though if he had a family of his own he could have served them.

If that person intentionally doesn't share his seed phrase with anyone, you can call him a waste. If he was a great person, he could have donated the bitcoins he had accumulated in return for a lot of hard work to an orphanage or some other service organization.

I dont really like the bolded sentence in your comment. Just because an investor is dying and he has no one to pass on his portfolio, he then has to prove that he is a great man by giving out his Bitcoins to a charity organization. Trust me, he has nothing to prove to anyone of being great or not. This is something he worked hard for, it took him dedication, stress, commitment, and sweat. He can choose to let the investment go null once he departs based on the fact that not even a charity organization will keep the money for the children. Rather they will share it within the board, even in his departure his lawyer can decide to take it himself.

In the end, it's in his position to choose what he wants to do with it. To give it out, let it waste or anything. Fuck proving to be a great man.

[AirtelBuzz]

Those who left huge stash of Bitcoin in their portifolio and died even when they have seen some negative sign about their health status, to me I will classify them as wicked people I mean that's not the best thing to do. Imagine having like 50 to 100 Bitcoin and then giving up the ghost without selling or letting anyone know about it, is it not a waste of investment. Just like I said, if they have someone they can share there seed phrase to it will be fine.

Why do you think so? Sharing of one's own property with others is personal and is entirely up to the owner of the property. If a person has a large amount of bitcoins in his wallet and does not want to share it with anyone i.e. does not share the seed phrase of his bitcoin deposited wallet with anyone, then it is not right to classify him as a bad person. Having bitcoins in a wallet may not have any detrimental effect on bitcoins if they are not sold and remain in perpetuity. There are also many investors who have a lot of Bitcoins in their wallets but those investors have not shared the seed phrase of their wallets with anyone,

As a result of which those investors are lost but no one can access their deposited Bitcoin wallets. Bitcoin holders prefer to remain anonymous so they never share the seed phrase of their holdings Bitcoin wallets with anyone while they are alive.

[stadus]

The way we handle our Bitcoin is entirely up to the owner. If they choose to share their seed phrase, that’s their decision, what matters is that, when the time comes to sell or spend our fortune, we’ll get to enjoy it. However, losing access to our wallet is a clear loss on our part since we miss out on using it. But what’s interesting is its effect on the entire market, lost Bitcoin reduces the supply, and based on basic supply and demand principles, this scarcity could help drive the price up in the future, especially since Bitcoin’s supply is inherently limited.

I doubt if I want to be a Jesus.
There's someone we can trust with our keys in case of the inevitable and I'm quite curious how individuals that wouldn't leave access to their private key still hold.
I hold for the future ,if I don't enjoy it
Someone I know would and that's a relief
I'm curious how individuals that might loss everything after death feel about Holding?
Or is their stash reduced by the years.
Or take the gamble of if they alive till old age they would love to go in a bang as and if not
Well, They at least tried.

That’s exactly why it’s up to you - it’s your asset, so you need to find a way to keep it safe and possibly pass it on to your kids or siblings in the future. If we educate ourselves on how to properly safeguard our wallets, there won’t be any issues later on.

There’s plenty of information available online on how to secure your hard wallet, so it’s definitely worth reading up on those resources.

Crypto wallets, explained

[Sim_card]

I'm curious how individuals that might loss everything after death feel about Holding?

Since they are dead, they have nothing to feel or worry about in the physical world. Moreover, nobody will plan to invest and hodli to die without enjoying part of his investment or pass it on to his loved ones. Death is something that comes unexpected and this is why if our kids are grown up, you can teach them the basics about bitcoin on how to transfer from one wallet to another. If they have more interest in bitcoin, they can continue learning more about bitcoin on their own.

Or is their stash reduced by the years.

Not at all, the value of an idle bitcoin wallet with such funds will keep on increasing in value overtime since bitcoin price is likely to be moving in an uptrend than downtrend in future.