Quote from: JayJuanGee on October 01, 2024, 07:52:53 PM

Quote from: Cryptoprincess101 on October 01, 2024, 05:21:28 PM

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

We cannot decide to others the extent to which they value saving for their off-spring versus saving for themselves, and if they have a lot of extra money beyond their own various basic living needs, then they may have the luxury of saving for their off-spring rather than themselves, yet if they are also having trouble just making ends meet, then they may well be better off to make sure that they are in a good position rather than worrying about their offspring. Off spring might also be in a better position than their parents, so it is not even necessarily true that offspring are going to be in some kind of a desperate need for the money of their parents.. beyond maybe they might not want their parent to leave them with too many financial burdens.

I am surely not going to claim to know how folks might want to prioritize, and there are even many folks who want to try to spend all of their money during their life without spending it too early.. or outliving their savings/investments, so it tends to not be easy to strike any kind of universal balance, and surely elderly folks reach differing levels of wealth by the time the die and differing kinds of familial relations or heirs that they might be ready, willing and able to pass their wealth.

Is very much possible for parent to pass there wealth to there children and a lot of parent do it and we may have even come across something like that, when it comes to a parent passing there Bitcoin investment to there children is very much possible in fact I have seen such a case the man handed his wallet secret phrase and password to his son and told him to make good use of it and that was how his son continued accumulating Bitcoin and putting together what his father has already accumulated and his it was a lot of Bitcoin it was this year he sold some of his Bitcoin and used the money to invest in real estate and I must say he is now very successful and his still accumulating Bitcoin and holding so is very much possible a friend of mine was saying his the only investment his going to leave for his children is this Bitcoin investment.
Just like you said one it tends to not be easy to strike any kind of universal balance when it comes to what older people would love to do with there investment or money however the point I'm trying to make is that is very much possible if you want to live your Bitcoin investment for your children or anyone as inheritance.

The reason why some people don't want to go into Long term Bitcoin investment is because they are old and they don't see the need of going into Long term Bitcoin investment because they feel they may even die before it gets to a point they want, that's a good point but even we the young people don't have a grantee that will may live more than even a year or two because no one knows what can happen in the next minute and accident can take a young person's life and we may even have someone we want to inherit our Bitcoin but the person pass alway before us so in all when going into Bitcoin investment we should map out the numbers of years we wish to hold and if we want to pass it to our children as inheritance is also fine which ever way we want to handle it as long as it won't interrupt our accumulation and holding.

Quote from: liuka on October 01, 2024, 10:20:58 PM

Quote from: Finestream on October 01, 2024, 09:58:25 PM

Know that when you decide to enter trading, losses are highly possible most especially if you are just starting to learn the process. And even if you consider yourself a pro in trading, still losses are somehow inevitable. Why? Because we are trading in an uncertain market.

No matter how you see positive vibes in trading when you are starting, that won't guarantee that you'll definitely end up with a positive and successful trade. The market can lure us sometimes. It can be profitable if we look at it but it ended up with an unexpected reversal. Losing in trading is never new at all, just get used to it until you learn to maximize your profits and minimize your losses.

It is better not to trade if you already know that the risk is greater. Some are successful, some are not, but most of those who become millionaires are holders. Like people who bought bitcoin early or when the price of bitcoin was still at $ 1k but they didn't sell it, of course they got a lot of profit. But if they trade, of course they don't have the opportunity to buy bitcoin at a cheap price like $ 1k before they sell it.

There must be wiser considerations before choosing a decision, with many regrets expressed by old investors because their mistakes are certainly a consideration so as not to make mistakes like they did.

I think before we choose the way to go in our Bitcoin investment we should consider history when I say history I mean history of those who has been into Bitcoin investment before us for me a lot of successful people I have seen in Bitcoin investment are not traders so I think people especially newbies should also think about this.
Trading is very risky because of the nature of Bitcoin and the best way to to go about Bitcoin is by Accumulating and holding for long term and it gives you peace of mind you don't have to panic when there's dip, when there's no dip, when the price is up etc. Some of this traders has given there selfs high blood pressure because of thinking, panic and fear since they're not always certain what will be the outcome of there prediction, I know of someone that dead because of this. Is important our newbies know the advantage and disadvantage of every part they choose to take in Bitcoin investment.