What happens to your Bitcoin when you Die? - page 31.

sean.maley

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Machine Learning & AI - Trustless Ledger System

Quote from: Man21 on January 04, 2018, 07:52:56 PM

Quote from: Lewoll on November 27, 2017, 02:23:23 PM

Did you guys teach your family members on how to access and use your Bitcoin in case you will die?
Do you want to take your Bitcoin with you when you're gone?

Let me hear it from your own opinions...

If we not teach anyone how to access our wallet, it seems like the bitcoin will unaccessable so nobody have control to it. So i will teach my family or wife to access it.

Good point. It seems like we should give access to our wallets for our beloved people in case something bad happens to us.

RichPitty

newbie

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If I’m die, I dont wanna take btc with me. Btc will be more useful to other who still alive in this world.
I have told my brother ad sister about my username & password of bitcoin, I trust them. Beside that, they also join bitcoin so they already know how to use btc.

rkdev

newbie

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Quote from: felicanoma on January 05, 2018, 06:17:50 AM

I have taught the world of cryptocurrency to my family and I have also prepared my personal data into the hardware that I am currently saving and if something happens that my family does not want to access it.
so if I die I do not need to be in thought or feared, because I have made a neat plan for things that are not in want to happen.

That is good you are taking care of things. But what do you think if some program on blockchain is there who take care this.......

felicanoma

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I have taught the world of cryptocurrency to my family and I have also prepared my personal data into the hardware that I am currently saving and if something happens that my family does not want to access it.
so if I die I do not need to be in thought or feared, because I have made a neat plan for things that are not in want to happen.

Kevondo

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Quote from: Nanot on December 30, 2017, 09:24:00 AM

Quote from: Lewoll on November 27, 2017, 02:23:23 PM

Did you guys teach your family members on how to access and use your Bitcoin in case you will die?
Do you want to take your Bitcoin with you when you're gone?

Let me hear it from your own opinions...

For me i would give and teach bitcoin to my family because i already experience on what is the goodness of bitcoin in our life and to the others life in able to give and support us for an additional income we get here in bitcoin. As well as when i must die..atlease i share the blessing that i received which is the goodness of bitcoin that they may able to experience it also.

You are doing well because it is good to keep our family aware of our bitcoin investment so that they will not be suffered after our death. Anything can happen any time with us so if anyone of your family or any of your friend will know about bitcoin and wallet password then sure it is that your saving will be safe but if you will die and no one will be aware of it then it will be useless and then you will not have anything left for your family.

bitcoinorcash

full member

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Of course if i died, i cannot bring my bitcoin to the heaven and theres someone only can used my bitcoin which is my love ones, my relatives or my childrens. I hope they use it for a good business or to saving it on the bank to have a interest but before i died i will make sure they know how to access to my bitcoin.

lhea056

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Activity: 238

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My bitcoin will stay on my wallet if i die and no one can claim or use it but before that happens i am going to right down all of the wallet information , login details , password on a note or i am going to save it on a usb so my wife can claim it although she doesn't have any idea about it . But since this is the source of our income she must at least try here best to open those accounts for our son because i kept those bitcoins for them for their future use . Bitcoin made us financially stable and this made us buy things we wanted , so if i die i will prepare everything and inform my wife about the things she needs to do or before that happens i will teach her the things i do online so at least she knows a little on how to open my accounts and access it . But i wanted to teach her but she doesn't want because she said its hard but it is needed so its a must

Man21

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Quote from: Lewoll on November 27, 2017, 02:23:23 PM

Did you guys teach your family members on how to access and use your Bitcoin in case you will die?
Do you want to take your Bitcoin with you when you're gone?

Let me hear it from your own opinions...

If we not teach anyone how to access our wallet, it seems like the bitcoin will unaccessable so nobody have control to it. So i will teach my family or wife to access it.

MakersONE

full member

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Well this is a bit strange and two-fold question. Here, just like with ordinary money and inheritance. If you want to leave, then you leave. And the same way, if on the contrary.

gundala

full member

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I always share with my wife, password and all access to enter my profile already I give to my wife. So, if I die then my bitcoin and altcoin assets are still safe, then my wife will continue my struggle in cryptocurrency. I have taught and told all about this to my wife.

xbl1008

full member

Activity: 322

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practically your bitcoin will stay to your wallet forever and it will be really hard to retrieve it because you really need the following email password and two factor authentication if it is in the trading platforms, password and phase and private key if it is in electroneum or hard wallets like trezor or ledger nano these securities is really tight because if you only in the world know this no one can access your wallet

tanjiran

full member

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This is the importance of having a partner. Could be a wife / husband / child and other family important to know your assets in cryptocurrency. Leave a note, if something bad happens to you, your assets remain safe. That's what I do now.

378budiman

member

Activity: 299

Merit: 10

Unless you will give them your bitcoin key.Bitcoin is decentralized and nobody cares and pass it on to your family. When you lose the bitcoin key then you lose your money,when it happens then they do not get any crypouric we have.die.

muhsyakir

member

Activity: 120

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When the bitcoin owner dies, bitcoin will be in the wallet forever if nobody knows his wallet account.

skyland999

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Wonderful World

If your bitcoin value is large then I think it should be inherited because its enormous value if you die will be useless and if you are sad to your family or your wife will benefit them.

zorchy

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I will try to teach my relatives to go right to the wallet. Little things that can happen.

ilovefeetsmell

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Quote from: Lewoll on November 27, 2017, 02:23:23 PM

Did you guys teach your family members on how to access and use your Bitcoin in case you will die?
Do you want to take your Bitcoin with you when you're gone?

Let me hear it from your own opinions...

I have multiple copies of my secured password and private keys. I don't want to lose my money at the same time to lose my private keys. I want to give my remaining balance to my family. I started to teach them on how use to use bitcoin, how to earn it and how to get it. They will thank me for being soft hearted daughter and kind.

Davidbugs2

full member

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Ofcourse we need to prepare a document with the private key and the whole procedure so that our families can use that bitcoin.

godrey123

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Quote from: golub_io on November 27, 2017, 02:23:59 PM

Well, it will be sent to my children or relatives, I guess Grin

These will not be possivle if your childre. or relatives doesn't know your private key. or other wallet account. because that is the only way for you to retrive your bitcoin. meaning if you die and no one kbows your private key, then it will all be lost.I suggest for you to back it up then provide an instruction incase you die early for your relative to benifit from it.

DySWv

member

Activity: 164

Merit: 10

For now, I do not teach them on how to access my wallet. But later on, I will teach them on how to access it. Taking your Bitcoin along with your death is not a good idea. We all know that Bitcoin will be wasted if someone did that. And, giving others what you have is a good act. Let our Bitcoins be a heritage to them.

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