Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Pi-network314159
on 02/10/2024, 16:15:54 UTC
Your Bitcoin portfolio is an investment, so getting old or even death should not be an avenue for you to liquidate your investment. Just like companies and big bank balances are inherited by children of it's owners and others contained in your will, you can decide as a father to split your holdings and issue them to your children as part of their inheritance in order to keep holding even after you've left the earth. Having given them proper orientation on the importance of holding for longer, they can keep holding and increasing the value of the portfolio handed over to them. That way you're still holding for a longer time even in death.
What about an individual that has no kids or kids they willing to trust with such.
And inheriting the holdings, despite education how would he or she be sure the kids would really hold and not sell.
Besides the point, Do you expect the kids to hold forever and give to the next generation as a family heirloom?

Bitcoin isn't just a beautiful vase to he held, If there's need for the children's to sell they can and they want to continue holding it should be their choice.
Though educating them to hold rather than trading is very important, likewise how to take profits without emptying their stash .

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.
Yes I think so. The beauty of life is to work hard and expect your children to enjoy and not to pass true stress of life like the way you once did. But hoping for their betterment but doesn't mean they will be lazy, because many children tend to become lazy hoping for the benefit from their parents HODLings. Which has led many people to think otherwise wether to keep asset for there children or not. From this case most people think of seling there asset while aive and some still keep it without undermining the habits or characteristics of their children. But the truth is that people should be passionate in passing down wealth to their kids without a second tought despite the situation.