Quote from: goldkingcoiner on August 30, 2023, 01:49:38 PM

Quote from: JayJuanGee on August 28, 2023, 11:29:44 PM

Are you merely bitter because you already spent all of your "profits" from that?

Inquiring minds want to know.

Pray tell!!!!! Angry

That completely depends on how you choose to define the word "spent" in the first place. When is a thing truly spent? Is it when you have traded it in for something of equal or greater value? Perhaps it is spent regardless of the return value of the thing you traded it in for? How about if you gambled most of it away with bad trading practices? Is that considered spent?

Yes. Consumables are spent, but there are some kinds of products that are more durable, but they may well not hold their value very well.. so yeah some durables hold their value better than others.

Surely, just like the lottery player can say that all the value that s/he had put into playing the lottery has some kind of value because it could have had paid off, but then there is nothing to show for it.

It is not necessarily a bad thing to spend your coins and your profits and even especially if you might have had gotten some kind of a windfall. I am largely using my own windfall from my June 20 stroke of good luck to buy back coins, but I also have a decently higher reserve of fiat that is just available to me.. and probably I have spent some of that..

It is not always easy to identify exactly where source funds are coming from when they are put into a count or just kept in the background in case they might be needed at a later date or maybe they are just available and end up allowing for the non-spending of some other funds that would have had gotten spent if the windfall funds had not been available.

Likely, only you are in a position to really know how well you might have utilized those funds and/or would have it had been necessary to anything with them other than to consume them.. but then if you consume too much of them because you think that "trading is investing," then surely that could cause some levels of excessive bitterness.. I cannot be sure if that might be part of your situation.

Quote from: pawel7777 on August 30, 2023, 09:32:46 PM

.....
But if we're talking about building intergenerational wealth, this implies you already have heirs that you trust, so the simplest solution would be just to share private keys with them, or just store them in a safe deposit box like Hal Finney did.

Quote from: Hal on March 19, 2013, 08:40:02 PM

(...)
That's my story. I'm pretty lucky overall. Even with the ALS, my life is very satisfying. But my life expectancy is limited. Those discussions about inheriting your bitcoins are of more than academic interest. My bitcoins are stored in our safe deposit box, and my son and daughter are tech savvy. I think they're safe enough. I'm comfortable with my legacy.

Even though Hal is a smart guy. Many of us already realize that there are problems with safety boxes, and surely we do not know the details of exactly how Hal saved his keys in safety deposit boxes, but that could be one point of failure if that might have had been the ONLY place that he had his keys and/or other instructional information related to his bitcoin.

If you are going to blindly follow someone like Hal and say, well if it was good enough for Hal, then it is good enough for me, then you may or may not get lucky with that approach to your bitcoin based on a safety deposit box being potentially one point of failure.