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Tintin

Will you accept Btc/crypto as inheritance or the traditional way?

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Some people say that cryptocurrency is now part of our lives, we now use it for many purposes such as investing to icos, mining, paying it to people and establishments as well as use it to gambling sites such as Primedice. 

Today, many youth are already coming in to join the new trend of making money that is through investing with cryptocurrency. Other people starts by looking for good ico project just so tgey can take advantage of the low price, but as of today, I personally think that Icos are a no no for me now since not all Icos can be available on the primary exchanges. 

Although the which ever the reason on why we join is that the most important thing is we can earn from it, as they always say, go to the moon. Just hodl, mkaayyy!

The main question is that do you even share this idea to your family or loved ones? You also have to remember that we should be able to let them know about this incase of something might happen to us. Way back in the old age, for our grandparents and parents, they buy properties, jewelries and money in bank saving it for the future for their children. In this modern type of investing such as the use of cryptocurrency, do you think that this can now be a part of givng inheritances? 

The cryptocurrency is still having its way to expand, hopefully next year we will see a next wave for cryptocurrency that for sure will open businessmen, entrepreneurs and even your parents in which they will also pass it down to the young generation like us. 

Imagine:

“Son, here is the hardware to your future, don’t share the private keys to others.mkaayyyyyy!”

Sounds kinda weird right, but that can happen of course. For now, what is your opinion to this one, would you do it as well or take the traditional way? 

 

Edited by Tintin

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Its pretty longshot to think people would use crypto to pass inheritance but it may happen in future. Since a majority of crypto investors are old they will pass on their holdings to their next generation by giving them the private keys of their wallets and accounts and possibly some golden advice too. :D 

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Will I? With the way cryptos are volatile? I think I will have the inheritance divided into 2. Don't't doubt me, I Love crypto and I love how it is been used in most part of the World, but how can we be sure that there won't be some kind of restrictions on it that will make the price go down. 

It's very hard to say. Crypto is the future! But there are some people especially the government that are not buying into it. So just check it out, when they succeed impeding on crypto and the price go waaayy down overnight and all my inheritance is on Crypto. Won't I die due to heart attack? 😂😂🤣😭😭😭😭

 

And please don't go into ICOs. Most of them are scams made by my Nigerian country men. They have been into it since 2017 and they still continue till now. 

 

I am not saying all ICOs. If you feel good about an ICO, You can invest your inheritance. 😁🎉🎉 Cheers!

 

Don't forget to use the upvote. 🔝

Edited by Bimfo

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me i think same to @felipev1994  

but if we considert this time ,,,this moment , we can talk about crypto investors who BUY AND SELL all thiers money ,.,,,,,,,,

but if if we take traditionnal position we will win big in our head ,our life and our cotidian property  .... 

 

so i will only receive traditionnal way...

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On 06/12/2018 at 18:45, vinka1976 said:

i will receive it in the traditional way :), cryptos are going to be restricted in the future in my country i guess with all the situations you know

Any specific reason of such stance from government or do you know of any such?

On 18/01/2019 at 00:03, felipev1994 said:

i only will receive traditional way, because cryptos in the can lost the value in the future

Altcoins can drop in value more than bitcoin because after all its bitcoin which is affected by a market movement first before altcoins. Bitcoin does have some advantages over traditional payment methods.

On 22/01/2019 at 23:20, dogebot said:

but if if we take traditionnal position we will win big in our head ,our life and our cotidian property  .... 

Who knows this may change in future. :D 

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Hi there,  

Interesting question. Few month ago I thought about buying ledger for each of my children and put in it some BTC that I would give them when they'd grew up. 

Bc I really think btc will rise again and its value will me way more high than today. 

About inheritance the major concern is about transmitting the private keys   you have to trust someone to do that such as a notary or your attorney.  Maybe it s depending on amount  to transmit too.  I mean if it so small amount it's ok but as soon as amount transmitted is very high security becomes a priority and need to be locked up. 

But definitely it so sounds as a good idea to me.  Added that when transmitting btc or any alt coin as inheritance you prevent your inheritance from state taxes that can be real high in some countries like mine France... 

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3 hours ago, williamsh said:

Because of the current volatility of the crypto market in general, I would still prefer to receive it the good old fashioned way :D

Maybe when the prices stabilize, then I would reconsider.

Yeah that's a concern. But in long term I'm pretty sure btc will be higher than today so.. But that s still a bet in some way

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