Right now there are two possibilities if a bitcoin holder dies;
1. He has left his private key or seed phrase with his lawyer so that his executor can distribute the contents of his wallet to those stated in his last will and testimony. I would expect that this is an extremely rare occurrence for now.
2. His Bitcoins are left in his wallet address for all eternity, thereby reducing the available supply, and slightly increasing scarcity, contributing to BTC value growth.
Topic: If bitcoin owner die. It means bitcoin also lost forever? - page 8. (Read 1835 times)
I do not really know if in this case, the person is storing bitcoin in the wallet online. Do not rule out that they can access the bitcoin that we have if not accessed for several years. If he keeps it in an offline wallet or wallet hardware, the bitcoin will be out of circulation if the owner dies and nobody knows his private key.
It will stay in the digital wallet and if the key/account information is not designated or given to someone, then it will forever stay there in the wallet. As we know it, bitcoin is just like gold, and no one would ever give their key/account to someone else while they are still alive.
Bitcoin developer is not just one person. They have a group of people who have died when others die. Even if their leader dies, Bitcoin will not be lost forever. Their community will save it. In this way, after the age, the yug will continue in phases. Because they know the whole bitcoin database.
It depends on where you keep it. If you keep it in exchange, then I just have to forgot the password.
If you save in the blockchain wallet, your bitcoin is 'lost', but it's not really missing, it's still on the network and it's just that nobody can access it.
That's why for prevention, you should keep the private key well, make a paper wallet and keep it in a safe place and make sure your closest person can access the private key
If you save in the blockchain wallet, your bitcoin is 'lost', but it's not really missing, it's still on the network and it's just that nobody can access it.
That's why for prevention, you should keep the private key well, make a paper wallet and keep it in a safe place and make sure your closest person can access the private key
Thats an interesting point!
I just got this question in my mind. What will happen if no one knows about the pasword of his/her acount will it posibly deduct to the main supply of bitcoin? Example bitcoin was 21million supply and one man got 1 million bitcoin he was holding and suddenly he died no one can open his wallet is it posible that the remaining 20 million bitcoin forever?
Definitely yes, his bitcoin will be in his wallet forever, but if there is a person that can open his wallet then probably he or she can get his bitcoin. But if no one can open his wallet then it will there forever. I think yes if bitcoin owner die her bitcoin will lost forever
Because no one can access that account, except hacker steal her bitcoin.
Hacker can get the bitcoins of the deal people but only sometimes, when people are dead the bitcoins is usually lost and there are already many bitcoin which is lost for ever and nobody ever gets them. Because no one can access that account, except hacker steal her bitcoin.
i think so . but i know that they already knew the sulotion ? 
Obviously, Your wallet is protected by a single password if you have enough faith in someone you can share your password with him/her. By doing this your earning will not going to lost after you. Do this on your own risk 
The bitcoins get lost until quantum computers are developed and people are able to hack into the wallets to retrieve them. If the internet goes down, so do the bitcoins. but so does everything else. So we have to choose
I just got this question in my mind. What will happen if no one knows about the pasword of his/her acount will it posibly deduct to the main supply of bitcoin? Example bitcoin was 21million supply and one man got 1 million bitcoin he was holding and suddenly he died no one can open his wallet is it posible that the remaining 20 million bitcoin forever?
yes of course his or her bitcoin will last forever.but for me that is only a speculation,as of now we must be brave in our daily life if we have a 1 million bitcoin now we must talk to our sister or brother to be secret and we must tell them our account so that if something will happen to us then they should know what will be the next move.You are absolutely correct my friend. Who else would have to inherit all your bitcoins or what so ever other than your family members who you trusted the most. As for me, my wife and my son should know.
I think it's necessary to take care of this in advance, for example, leaving a secret key in the banking cell, which after the die will be transferred to the heritage, with detailed instructions or video presentation..)
Right! If the bitcoin owner dies, their bitcoin will go away forever. By buying bitcoins they will keep a password to secure their assets. Only owners know where their money is stored and where. How can we know their password?
More accurately, bitcoin is not lost forever, it just hibernates in the wallet of the dead forever, no one can use it as well as move that bitcoin unless they own a password or private key to access the wallet. In the past, situations where bitcoin owners died and bitcoin in their wallets froze, that is a story that often happens because they do not pay attention to the value and development of bitcoin, they just think bitcoin is a useless virtual asset but currently, this situation is very rare when people already know the value that bitcoin can achieve, they always store passwords and private keys for relatives, that is the plan for the worst case scenario 
I just got this question in my mind. What will happen if no one knows about the pasword of his/her acount will it posibly deduct to the main supply of bitcoin? Example bitcoin was 21million supply and one man got 1 million bitcoin he was holding and suddenly he died no one can open his wallet is it posible that the remaining 20 million bitcoin forever?
Yeah, initially I also thought that we can loose all BTC in 50-100 years. However, we had the same in fiat world - I'm sure that a lot of million $ were lost due to people depths (not all people have opportunity to devise their money to somebody).
I just got this question in my mind. What will happen if no one knows about the pasword of his/her acount will it posibly deduct to the main supply of bitcoin? Example bitcoin was 21million supply and one man got 1 million bitcoin he was holding and suddenly he died no one can open his wallet is it posible that the remaining 20 million bitcoin forever?
yes of course his or her bitcoin will last forever.but for me that is only a speculation,as of now we must be brave in our daily life if we have a 1 million bitcoin now we must talk to our sister or brother to be secret and we must tell them our account so that if something will happen to us then they should know what will be the next move.
Right! If the bitcoin owner dies, their bitcoin will go away forever. By buying bitcoins they will keep a password to secure their assets. Only owners know where their money is stored and where. How can we know their password?
Probably the best way to handle this issue if a person is really holding huge amount of bitcoin in his wallet is to consult it on a legal matter. He or she could ask legal assistance to make will in testament. If the person dies, there will be designated heirs for those bitcoins the person would left behind.
If he's too selfish not planning what will happen to his bitcoin after he died then it is really lost. This things can happen because it happens in money too. The owner died with his piles of cash and only he knows where it is and years have passed, the money just rot.
if the owner of the account with the Private key passed away of course still can be tracked by finding the private key that owned by that person. The Wallet only can be open if there is a private key. As long as the private key is not found then the bitcoin balance will remain on the wallet and will not be able to move to the other wallet, so one can access to open the wallet is the private key.
Jump to: