Quote from: Dailyscript on October 10, 2024, 07:51:34 PM

Quote from: Mayor of ogba on October 10, 2024, 11:57:33 AM

Quote from: laijsica on October 03, 2024, 09:17:06 AM

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.

If any bitcoin investor is dying and has no successor to pass his bitcoin to, taking this advice is not the best thing to do. Bitcoin is one of the best assets in the asset class. It would be a waste of time and resources if a dying investor donated his bitcoin to an orphanage or some other service organization because they would sell the bitcoin cheaply immediately they had access to it and use the money to run the affairs of the orphanage or the other service organization. It would be better if the dying investor passed his bitcoin to institutions that teach and hold bitcoin for long-term purposes or to a forum like the BitcoinTalk forum, because they know how good it is to hold bitcoin, and they also have a strong means of generating money to run their affairs, and they don't wait for people to donate money for them before they can run their affairs. Since most forum members know the freedom and profit that come with holding bitcoin, they will not sell the bitcoin in a hurry. They will hold the bitcoin as long as it is still existing to see what will really become of bitcoin. They can even decide to hold the bitcoin in remembrance of the dying investor and even set out a day to celebrate his hard work and smartness to accumulate bitcoin, and also donate the bitcoin in a place where it will be safe.

The idea of setting up a Bitcoin foundation sounds like a good model for a dying wish. It's better to empower people with the knowledge of Bitcoin whether young or old rather than giving it to charity organizations who would immediately sell the Bitcoin into worthless fiat and share it within themselves with a small percentage of orphans. These people dont know the value of Bitcoin. By setting up a bitcoin foundation you are still making an investment decision in Bitcoin. Even if the individual dies the legacy and investment will still live on. More and more people will be drawn into Bitcoin investment. Once the foundation is successful, any asset left, its value can be preserved over time which will benefit future generations.

Quote from: MainIbem on October 10, 2024, 09:21:37 AM

Different investors got diverse criteria that would make them believe in some, for some it's the price history that gives them an accurance to invest on Bitcoin while some other investors would need to study and understand the concepts of Bitcoin investment before being convinced that it's a worthy investment option, it's not like any of such category of investors are wrong but I believe in
Investing because of past events is such a bad idea. If you notice a lot of investors who started investing because of price history never made it successfully. Without the knowledge of Bitcoin investment, at least the basic knowledge it will be difficult for an investor to stay connected to his investment. Past events do not guarantee future results, That is why we have to learn about any investment we are entering into it instead of going about it blindly. Some persons along the line might start learning about Bitcoin investment when they get to face difficulties and cover losses. But do we need to go about things the hard way when we can safely start investing when we learn the basics of Bitcoin investment?

Learning about Bitcoin investment some people sounds more like a complex thing. Meanwhile, it's a bit simple and straightforward when we give it a try. However, mastering the in-depth part requires time and dedication.

What goes into the past never comes back, but this thought should not rule out investing in Bitcoin. I think there is a lot of opportunity at the moment, because this is where the early signs of Bitcoin growth come from. If one wants to invest in Bitcoin then surely now is the right time to invest in Bitcoin. Because investing by following the DCA method, it is possible to profit from investing in Bitcoin at any time, and the DCA method reduces the risk of investing.