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.

[JayJuanGee]

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

Hopefully no one is holding crypto.. that would be dumb.

[Ambatman]

Hopefully no one is holding crypto.. that would be dumb.

Current dip should prove to anyone holding the dangers of crypto and if they continue
Well I don't like calling people stupid.

Learnt today that there are individuals that know nothing about Bitcoin but have been holding since 2020
Came across one today and was quite shocked.
Guess knowledge isn't the biggest decider of who holds or trades.

[$crypto$]

I think that some folks have hesitancies in regards to passing down very much wealth to kids, and I suppose even if kids might be somewhat responsible, many of us realize that there is a bit of a difference between receiving wealth versus building up wealth, so surely it may well become very tempting to spend and/or fail/refuse to manage the wealth very well, yet I suppose that there are also going to be examples of responsible wealth recipients.

For example I found a person who received an inheritance from his parents, the child received property and some cash, but the child was irresponsible to spend it only for fun, after the cash ran out he sold the property.

This is an example I don't want when I later pass on to an irresponsible child, at least he must be able to build wealth first in order to have a sense of responsibility after he succeeds in doing so maybe when the child receives an inheritance of BTC assets then he is still responsible.

or at least at the time that I got into bitcoin in late 2013, my financial situation was in a position where I was fairly easily able to reallocate some of the value from my traditional investment portfolio into bitcoin (so there is some fortune in an ability to have lump sum options rather than merely relying on DCA strategies from discretionary income from work income).

Even though I have known bitcoin for a long time from 2015, I was still complacent about short-term gains and when I got a little profit, I immediately sold it because I was tempted to want fiat cash.

Let that be a problem then ... The past few years have tried to survive with bitcoins that have been owned until now, even when there are profits from others, they are put into bitcoin in a lumpsum while DCA continues to run,, this is my way to grow bitcoin ownership from two years ago until now.

[Samlucky O]

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

Hopefully no one is holding crypto.. that would be dumb.

Yeah actually that would be a dumb idea, but You wouldn't say that no one is HODLing cryoto@jayjuanGee, just say for yourself and not for others because not everyone has thesame goal and aim as you. I believe most newbies are still HODLing onto crypto hoping for a great result because of the inability to spot the difference between a potential coin like bitcoin from other shitcoins. Morover I don't see any correlation between your reply and the comment of @stadus. I expect you to explain more to that reply for clarity for those who are looking upto you and your kind of explanation. I as well love reading your post expecially with detail meaning and proof of explanation. Lolz

[Odohu]

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

They will not know that they will lose everything as a result of death because no one know the time he will die. So they might just be holding their Bitcoin hoping they will enjoy the proceeds in the future without knowing that no one will live forever neither is there anyone that knows when the call of death will come. This is why it is important for every Bitcoin holder to make adequate plans for such situations like working out ways of handing over those wealth to charity,  heirs or anyone of interest, and this will come after the investors would have also enjoyed the proceeds of those investment. Many people invest so much that they fail to enjoy the investment,  I don't see this as correct because it will be nice to also partake in enjoying what I have built Iver the years even though I will also a greater portion of it out to heirs.

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.

The question is not too clear but I want to believe he was referring to the value of the Bitcoin and not the quantity. The quantity of Bitcoin in a wallet will never reduce unless it is transferred by someone with access to the wallet. What can change is the dollar value if the Bitcoin just like you explained.

[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.

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

Hopefully no one is holding crypto.. that would be dumb.

You wouldn't say such @jayjuanGee, just say for yourself and not for others because not everyone has thesame goal and aim as you. I believe most newbies are still HODLing onto crypto hoping for a great result because of the inability to spot the difference between a potential coin like bitcoin from other shitcoins. Morover I don't see any correlation between your reply and the comment of @stadus. I expect you to explain more to that reply for clarity for those who are looking upto you and your kind of explanation. I as well love reading your post expecially with detail meaning and proof of explanation. Lolz

That's the thing. Experience do shape a man.
People hold shitcoins, a choice
But I personally advice against it due to my experience and what results has shown.
But what works for one doesn't mean it would work for another.
We all have varying view and just share suggestions to improve on our current Mindset.

I believe he said crypto because @stadus recommended crypto wallet explained not to mention holding shitcoins for your kids or future is a huge Gamble.

[Raflesia]

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 discussion about someone leaving a seed phrase is always recurring without a consensus result because in the end everyone has their own thoughts on this matter.
It is certain that there will be pros and cons in this matter because after all, giving the seed phrase will indirectly give suspicion even though the purpose is good when we cannot survive due to age then we can pass on our assets or portopolio to our loved ones or closest people but in the end giving it from the start will also give suspicion because even though it is family there is no guarantee when talking about something of value they will be loyal.

So in this case I think it depends on the views of each of us whether we really need to tell the seeds we have at least to our spouses or closest people or not as a form of plan B in safeguarding so that the bitcoins we invest will be taken care of by the right people when we are no longer in the world.
I personally will still hold it myself for a while but it is not impossible that I will share it with my partner when conditions are not too possible for me to stay alive, it's just that for now I still feel that I myself can still maintain it, even though we don't know how long we live but in the end I am also still very open and my partner knows where I keep the seed but he doesn't really want to know it because he realizes his capacity which is still not necessary to know that.

[JayJuanGee]

Hopefully no one is holding crypto.. that would be dumb.

Current dip should prove to anyone holding the dangers of crypto and if they continue
Well I don't like calling people stupid.

To me, there seems to be a difference between calling people dumb and calling their actions dumb.. and sometimes there can be some value when using more provocative descriptive language.  You are free to your own word choices

Learnt today that there are individuals that know nothing about Bitcoin but have been holding since 2020
Came across one today and was quite shocked.
Guess knowledge isn't the biggest decider of who holds or trades.

Some folks invest based on theories about number go up technology, and nothing more than that.

or at least at the time that I got into bitcoin in late 2013, my financial situation was in a position where I was fairly easily able to reallocate some of the value from my traditional investment portfolio into bitcoin (so there is some fortune in an ability to have lump sum options rather than merely relying on DCA strategies from discretionary income from work income).

Even though I have known bitcoin for a long time from 2015, I was still complacent about short-term gains and when I got a little profit, I immediately sold it because I was tempted to want fiat cash.

Let that be a problem then ... The past few years have tried to survive with bitcoins that have been owned until now, even when there are profits from others, they are put into bitcoin in a lumpsum while DCA continues to run,, this is my way to grow bitcoin ownership from two years ago until now.

It still seems better to me that guys have a long term investment thesis of 4-10 years or longer, and if you are merely building for 2 years, I have my doubts about whether you have learned your lesson from earlier. .which should have had been to continue to build your BTC holdings rather than selling your bitcoin holdings for what ended up being mediocre profits... you might need to start to think in terms of 10 years or longer .. and perhaps even keep buying bitcoin for 1 or 2 cycles before you consider selling any.

But, hey whatever, it is up to you to figure out what works for your goals and whether you are a long term investor or not, and also figuring out how many bitcoin that you might need, if your goal might be to get to fuck you status.. and sure not everyone wants to get to fuck you status, but it does seem like a place that bitcoin can help people to get to such status earlier in life than they otherwise would be able to get there, and sometimes just being able to get there becomes possible with bitcoin whereas getting to such status would not have had been otherwise possible without bitcoin as an investment option.

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

Hopefully no one is holding crypto.. that would be dumb.

Yeah actually that would be a dumb idea, but You wouldn't say that no one is HODLing cryoto@jayjuanGee, just say for yourself and not for others because not everyone has thesame goal and aim as you.

I can say that it is dumb to hold crypto, and you can disagree.  And this thread is not even about crypto or various shitcoins, so it seems to be fair enough to just say that shitcoins are dumb without even having to explain, especially since we are in a bitcoin thread (bitcoin area of the forum).

I believe most newbies are still HODLing onto crypto hoping for a great result because of the inability to spot the difference between a potential coin like bitcoin from other shitcoins. Morover I don't see any correlation between your reply and the comment of @stadus. I expect you to explain more to that reply for clarity for those who are looking upto you and your kind of explanation. I as well love reading your post expecially with detail meaning and proof of explanation. Lolz

There is no need for me to explain in detail.  

The term crypto is vague and misleading, and the mere fact that other businesses or threads (and even government agencies) use such a vague and misleading descriptive term does not cause the term to be less vague and misleading.

Yeah, maybe it is a losing battle that so many businesses are lumping bitcoin in with crypto, yet it seems way more meaningful to use the word bitcoin if we are referring to or wanting to talk about bitcoin and not to fall into such a sloppy habit of either using the term crypto or blindly following folks who use such a vague and misleading term and lumping bitcoin into such term.. If you don't realize that there is a difference between bitcoin and crypto, then you may well not even know what bitcoin is, and even if you do know what bitcoin is, if you are also using the term "crypto" to describe aspects of bitcoin to others, then you likely are either confusing them with such a vague and misleading term.  Are you doing on purpose or do you not know that you are doing it?  Either way, you likely should try to learn how to be more specific, even if you are forwarding the nonsensical descriptive materials that are used by others, including but not limited to cointelegraph and that article that is failing refusing to specify the extent to which they are talking about bitcoin or are they talking about some shitcoin, and which shitcoin?  Shitcoins have various kinds of wallets, and some shitcoins might not even have non-custodial (or self custodial) wallets.

Again, hopefully no one is fucking around with shitcoins.

[GeorgeJohn]

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.

I don't see anything to argue about in a case like this, because anyone who is alive has 💯 right and authority to handle over any body he or her investment to anyone, even the person has children like two, provided that it's alive it cam will all it's belongings to anyone it pleases the person to give, once it late no body can retrieve such pronounced properties to the person it handles it over

You can relinquish your properties to charity organisations when you notice that you're about to depart on earth, and secondly, if you know that you nobody to assign your properties to when you're still alive, so I'm of the opinion that I'm strongly behind your point of views in this particular discussion.

[Zackz5000]

Again, hopefully no one is fucking around with shitcoins.

You are right JJG since this is a Bitcoin discussion thread the term crypto in this thread can be misleading for there are other thread in the forum where one can easily discuss about crypto but in this thread one is likely to be specific when trying to discribe the type of coins he or she is referring to for more understanding in other not to mislead those that that doesn't know much difference between Bitcoin and shitcoins, trading in shitcoins can be very much risky because they are very much unreliable.

[Salahmu]

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

You are following up this discussion in a wrong way, I'm surprised what Jesus got to do on this discussion and secondly you can choose to share private key with someone and nobody is against you doing that but however don't see or judge someone who died having a lot of Bitcoin on there portfolio without sharing his private keys to there family as a wicked man because from my understanding the person has no obligation in terms of sharing his Bitcoin to everyone and besides I don't even no why people are always misunderstanding the whole idea about losing his entire Bitcoin if not giving his private key to someone before dying because even if the person died all his Bitcoin will not go to waste and JayJuanGee have also explain this that all the Bitcoin will go to holders, so why bordering yourself about the whole idea.

I'm curious how individuals that might loss everything after death feel about Holding?
Or is their stash reduced by the years.

Death is something that is inevitable, so are you saying that we should stop living or investing because nobody will live till eternity?, so actually you don't have to discouraged anyone about death because as long as we breathe we would always continue striving for the future and investing on Bitcoin.

Yeah actually that would be a dumb idea, but You wouldn't say that no one is HODLing cryoto@jayjuanGee, just say for yourself and not for others because not everyone has thesame goal and aim as you. I believe most newbies are still HODLing onto crypto hoping for a great result because of the inability to spot the difference between a potential coin like bitcoin from other shitcoins. Morover I don't see any correlation between your reply and the comment of @stadus. I expect you to explain more to that reply for clarity

Well I don't really no what you are actually driving to prove about people who consider altcoins and even if there are such people but that's not the reason why we are here and secondly It could be from the way you understand it that makes you think @JayJuanGee reply did not align with what @stadus was saying, however to me JayJuanGee reply was the right thing because already we were all talking about safeguarding our wallet  and JayJuanGee posted a link that would help him with all the information he needed on that respect, so if I may ask what do you think JayJuanGee reply should have been?.

[Justbillywitt]

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.

I won't even entrust my bitcoin to any charity home if in the eventuality of things that I don't have someone to inherit my bitcoin at my old age. Instead of me giving up my bitcoin to people I don't really know if they will utilise the funds they way I would have intended in my absence. I will donate it to the forum. Because I understand that here is were bitcoin is better understood and appreciated. People here know what bitcoin is all about and it will be properly managed here, and it will be in safe hands. People should stop giving out bitcoin to individuals and organisations that don't appreciate what bitcoin is all about, because they will sell it off and squander the money. But if we donate bitcoin to places where it is appreciated like the this forum, it will be preserved and utilize for the right course in advancement of the forum and enhance further research about bitcoin development in the future.