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Topic: Is Bitcoin an independent property? - page 2. (Read 915 times)

hero member
Activity: 1064
Merit: 501
October 01, 2021, 06:13:44 PM
#30
I am trying to figure out the best explanation for your question. Bitcoin is being known as a digital currency or asset. Since bitcoin can be used or acquire as an asset, it can equally be shared whether married or divorced.
In situations whereby your partner knows about your bitcoin(asset), she equally has right over it unless you don't want to disclose it to anyone
sr. member
Activity: 924
Merit: 255
August 22, 2021, 05:36:03 AM
#29
Bitcoin indeed is independent, all transactions made are the rights of those of us who own Bitcoin and it should not be until it is known by others for everything that was done before it became a local currency or physical goods.
Unless it's been sold to local currency or bought something after cashing it out as is the case in my country, linked to life or marriage... of course it will become common property once it is tied to marriage.
hero member
Activity: 3010
Merit: 794
August 13, 2021, 05:32:51 PM
#28
If I had some bitcoins before I got married, and used bitcoins to buy houses, cars, etc.
When the price of Bitcoin went up, I sold Bitcoin. Is this my money my own? Or is it shared by husband and wife?
When I get divorced, do I split up my bitcoins?
No its not.. because once you do get married then all of your properties or belongings would be typically a conjugal property between you and your wife which simply means that everything you do own then your wife
does have the right unless if you do make it as a secret before your marriage and your wife hadnt known everything then its possible but be prepared when she caught you on being non loyal in terms of finances
because when you do get married then everything should really be remitted.

When you do get divorced then it would depend on the arrangement or agreement in terms of property halving since both does have the right.
jr. member
Activity: 602
Merit: 1
August 12, 2021, 08:57:54 AM
#27
Unlike monetary quality media, like dollars or euros, Bitcoin is inherently irreplaceable and can instead present itself as a digital currency, created and held as electronic . Although still controversial about its real value.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
August 10, 2021, 10:48:12 AM
#26
If I had some bitcoins before I got married, and used bitcoins to buy houses, cars, etc.
When the price of Bitcoin went up, I sold Bitcoin. Is this my money my own? Or is it shared by husband and wife?

Unless you explicitly had an agreement mentioning it they will be treated as common property in most counties in the world according to laws nowadays.
Besides, it doesn't matter what form that bitcoin stash of yours will take, even if you sold them for money cars or you simply wasted half of them in a casino, the remaining assets will be split in an agreement. The last question is a bit weird if you sold the coins while married that will be considered joint income, just like earning you make during that period, gain, unless you specifically agreed on this before the marriage. But, there is also a but, ff there won't be a mutual agreement split and your wife will go to court over it the final decision can vary a lot, nobody on the forum will be able to guess the results.

If you continue to invest in Bitcoin after marriage, does it count as two people investing together?
If two people invest together, it should be the husband and wife who jointly own the real estate, right?
In this case, if I invest in Bitcoin after marriage, then Bitcoin will not be considered as an independent property. Is it right?

Yes, yes, and yes!
But seeing the influx of questions and the understandable reticence at giving details such as the country  I would advise you to seek a lawyer specialized in this in the town next to yours to avoid rumors and have him explained everything according to the laws in your country.

If you are smart enough you should hide your real possessions from your wife!!

If this is how you're seeing "being smart", then I wonder why would you get married in the first place.

If you only hold Bitcoin and do not share your private key with anyone, then it is yours.

And if your wife and her lawyer find out that you have hidden that from here you might face a perjury charge.
hero member
Activity: 1064
Merit: 639
August 09, 2021, 08:47:27 PM
#25
If I had some bitcoins before I got married, and used bitcoins to buy houses, cars, etc.
When the price of Bitcoin went up, I sold Bitcoin. Is this my money my own? Or is it shared by husband and wife?
When I get divorced, do I split up my bitcoins?

If you only hold Bitcoin and do not share your private key with anyone, then it is yours.

But if you sell it and turn it into another asset and it is legally in your name, then you may have to give a share of it after the divorce.
jr. member
Activity: 65
Merit: 5
August 09, 2021, 03:34:01 AM
#24
Under the laws of my country, it seems that the bitcoins I currently own will still be separate property.
If your country’s laws do not indicate this, you can choose a prenuptial agreement, but you must consider the availability of this agreement. After all, some agreements may not be implemented even if they are written. You can discuss this with a lawyer before getting married.
If you continue to invest in Bitcoin after marriage, does it count as two people investing together?
If two people invest together, it should be the husband and wife who jointly own the real estate, right?
In this case, if I invest in Bitcoin after marriage, then Bitcoin will not be considered as an independent property. Is it right?
legendary
Activity: 1848
Merit: 1982
Fully Regulated Crypto Casino
August 08, 2021, 08:30:19 PM
#23
If you are smart enough you should hide your real possessions from your wife!! Some countries rule half of everything that the wife owns in the event of divorce, so if your wife knows about the Bitcoin you own, you must give her half, this is really unfortunate!! Here in my country, there is no such law. Fortunately, there is a specific amount that is agreed upon when contracting the marriage, and this is all that the divorced woman gets, in addition to monthly maintenance in some cases.
In my opinion, these laws are unfair. If the husband has to buy the house and the car and pay all the costs of the marriage, then why should he pay half of his property to the wife upon divorce??!!
full member
Activity: 463
Merit: 100
August 07, 2021, 03:29:06 PM
#22
For me I would say since bitcoin is anonymous and also nobody has access to your wallet which is your private property, it won't be splitted because you own that alone and without exposing your keys  no one can know the value of what you got in your wallet, so since you got that before getting married it belongs to you Buh as the case may be the laws differs, in some countries since you own the bitcoin before getting married it automatically makes it urs alone but I don't know for most countries if it's otherwise.
legendary
Activity: 3318
Merit: 1128
August 07, 2021, 01:18:04 PM
#21
If I had some bitcoins before I got married, and used bitcoins to buy houses, cars, etc.
When the price of Bitcoin went up, I sold Bitcoin. Is this my money my own? Or is it shared by husband and wife?
When I get divorced, do I split up my bitcoins?
It definitely depends on the laws of your nation, there are some nations that sees wife as not own anything the husband owns, and hell there are nations where women can't even own a house, unfortunately that is reality in life. However if you get married without a prenup, then when you get married everything a man owns becomes half his wife's as well, but the equality means if wife was rich before they get married, then half becomes husbands as well, that is how equality works.

So, if you marry a women with a lot of bitcoin then it means you will become rich and when you get a divorce then half of those bitcoins becomes yours as well. This is why I think we should focus basically on equality here, either get a prenup if you want to protect your bitcoins, or accept that when a man and woman gets married their things are not owned together.
full member
Activity: 1638
Merit: 122
August 07, 2021, 11:06:15 AM
#20
im not expert with this talks but i think it was yours because you earn all of it before you got married tho it was also up to you if you are going to share all of this things to your wife if you love your wife so much and you feel that she wont cheat on you  .

Quote
When I get divorced, do I split up my bitcoins?
depending on what it was written in the divorced document the answer can be yes and no but it looks complicated if you measure  all the things that you own in btc when they are already converted .
hero member
Activity: 3052
Merit: 651
August 07, 2021, 07:31:10 AM
#19
If it is recorded then yes, there will be a split when you are married.
If not, you die and all the bitcoins will be in your grave without anyone having knowledge about it.
If you try to pass it to one of your children without the knowledge of your wife then it should still be shared, unless you are Richy Rich that your wife won't give a damn about those Bitcoins.
Independent Property? Just like I said, it depends if you listed it in one of your properties for security measures.
legendary
Activity: 2072
Merit: 4265
✿♥‿♥✿
August 07, 2021, 05:05:01 AM
#18
If you bought property before marriage, this cannot be considered total capital. Property purchased in marriage is subject to division. But as for bitcoin, it is important who received it. What are the regulations in your country? While married, you exchanged bitcoin for fiat, this is common property. But you are not required to share the bitcoin that is in your wallet. Provided that your spouse did not contribute her money.
member
Activity: 140
Merit: 12
August 07, 2021, 04:41:51 AM
#17
If I had some bitcoins before I got married, and used bitcoins to buy houses, cars, etc.
When the price of Bitcoin went up, I sold Bitcoin. Is this my money my own? Or is it shared by husband and wife?
When I get divorced, do I split up my bitcoins?
I think there is a marriage agreement to compare insurance.
In our way, husband and wife have been married, and property belongs to everyone.
After divorce, property is a common score.
But why are you selling your bitcoin,
If your country recognizes the encrypted currency belongs to private property, you can keep holding or replace other currencies.
legendary
Activity: 2688
Merit: 3983
August 07, 2021, 02:59:40 AM
#16
No one can give you accurate answers, everyone answers based on their experiences and their interpretation of the nature of the laws in their countries.
In my country there is no concept of money-sharing and what happens is that when you get married, the wife has the right to access part of the money if she dies, otherwise she cannot take your money and you are required to spend on it.

In general, Bitcoin is classified as a commodity in many countries, so research the commodity laws in your country.
legendary
Activity: 2688
Merit: 1192
August 07, 2021, 02:48:48 AM
#15
If I had some bitcoins before I got married, and used bitcoins to buy houses, cars, etc.
When the price of Bitcoin went up, I sold Bitcoin. Is this my money my own? Or is it shared by husband and wife?
When I get divorced, do I split up my bitcoins?

It will be treated like any other asset you own and this question is highly dependent on the laws of the country that you live. In most situations, unless there is a valid prenup present, it would be split according to whatever is agreed by both parties. Now, I would not condone it but unless she knows about the Bitcoin or you have somehow declared it, then it is very possible that you could get away with not disclosing it. You would really need to speak to a legal professional in the right jurisdiction to get the answers you seek - don't rely on random strangers advice on an internet message board. Good luck with the outcome anyway, must be a tough time.
hero member
Activity: 2660
Merit: 630
Vave.com - Crypto Casino
August 07, 2021, 01:53:34 AM
#14
Like others have responded that it depends on your country and the reason is because of the marriage law in your jurisdiction. Every jurisdiction have there's , basically marriage of the act which is known in my country as court marriage, it requires that properties are split between the husband and wife. Such marriage usually favours the woman in consideration. So despite that the man acquires all the is inconsequential being that both the husband and wife has become one to the extent that whatever was acquired in the marriage (and we know that the man has the upper acquiring financial power, strength, muscle or resources) is shared within them and including your bitcoin if the woman can identify it (of course you would have disclosed it during the time of marriage and love affair while on bed  Grin).

And, but generally from the bible, a man and woman is regarded as one. There is a place that , Gen. 2:24

Quote
Therefore shall a man leave his father and his mother, and shall cleave unto his wife: and they shall be one flesh.

With the above also, your bitcoin should legitimately be considered for two, you and your  Grin
member
Activity: 154
Merit: 11
August 07, 2021, 01:12:30 AM
#13
Although it depends on which country you are married in. The main thing is property sharing, so all your things are hers, and vice versa. To be the marriage partner of each other, you must be honest, trust and like each other. I will not hide this with my significant other. Bitcoin is also purchased with investment funds. Shouldn't it be shared by two people?
member
Activity: 62
Merit: 10
August 07, 2021, 01:06:30 AM
#12
It depends on your rights in the family buddy.

Bitcoin can be regarded as private property. Bitcoin uses a special cryptography to facilitate its system of storing and transmitting value. It is through this mechanism that your wife cannot obtain them directly.

Formally speaking, property is a legal concept defined and enforced by local sovereignty. The specific implementation situation varies from political system to political system.
member
Activity: 135
Merit: 16
August 07, 2021, 01:04:37 AM
#11
Under the laws of my country, it seems that the bitcoins I currently own will still be separate property.
If your country’s laws do not indicate this, you can choose a prenuptial agreement, but you must consider the availability of this agreement. After all, some agreements may not be implemented even if they are written. You can discuss this with a lawyer before getting married.
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