What happens to your Bitcoin when you Die? - page 41.

absy

legendary

Activity: 1414

Merit: 1008

★Bitvest.io★ Play Plinko or Invest!

Quote from: Danglen1010 on November 27, 2017, 02:43:15 PM

if i die i think bitcoin still there but no body can open and claim my account.

Then its just waste of precious BTC Sad

Its not only a loss for your family but also for bitcoin community unless you hold very small amount of BTC .
I will make sure my family members know how to use my BTC account very soon so that atleast they can use whatever is left.

X2PR8888

member

Activity: 126

Merit: 10

I agree with everyone here. It really depends on how many bitcoins you have because if you have a lot and you know that it can be good for your loved ones, go ahead and include it in your will or make sure that before you take your last breath (that is if you die under normal circumstances), pass on the valuable message to your spouse or children. Just make sure that whoever gou are passing that info to can be trusted enough to distribute the money evenly and accordingly. Otherwise though, if you do not have so much and you are ok doing away with it then just let it stay in there, earning or losing its value depending on the market without so much as a concern on it ever being able to be used by somebody else. This is sad but that could happen.

mondobitcoin

full member

Activity: 686

Merit: 100

The question is like: What happens to your money/things when you die?
I don't think that is it a smart question, but nothing...
Maybe when we die, bitcoin will be replaced by another currency...
Best thing to do: write to your parents/family the private keys and instructions for withdrawal, and hope that nobody find this paper before your death Cheesy

bbjay

jr. member

Activity: 77

Merit: 1

I usually inform my next of kin the necessary information he need to know about me. So my bitcoin shall be controlled by my husband who is my next of kin whenever I die. Him alone has access to everything that concern me.

Adine.lablab

member

Activity: 112

Merit: 10

If ever i die i would tell to my love ones about it and i will give my password so they could open my account and get my bitcoin...and i will teach them how to manage my account..

bitfocus

member

Activity: 532

Merit: 15

My family will take over on my Bitcoins, my Bitcoins will give them a good amount of money as security.

Kriptex

full member

Activity: 197

Merit: 100

Quote from: White Christmas on December 03, 2017, 07:28:25 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...

If im going to die, i will tell my passwords and accounts in bitcoin to my family before i die. I will also tell them to learn first all the things that they should do and avoid in terms of bitcoin. In that case, they can continue to earn bitcoin using my accounts as well as earn money to sustain their daily needs. It is a good idea if you will teach someone or even all of your relatives about bitcoin.

You should teach them how to use your bitcoin and altcoins wallets. Otherwise all of them turn into trash after you die. This is very important but only a few of us take care of this probability of dying unexpectedly.

Swopon

copper member

Activity: 700

Merit: 120

Gamdom

I didn't teach or tell about bitcoin to any of my family members.And secondly if you want to take your btc with you after you died simply you can't do that.Maybe before your death you can give your private key to your son or daughter.I will do the same

cryptomato

full member

Activity: 180

Merit: 100

Quote from: Vaculin on December 02, 2017, 07:20:30 PM

Quote from: teejayrichard2 on December 02, 2017, 07:07:30 PM

If no one has access to your wallet then your bitcoin is gone. So guess you write it down somewhere so they get access to it when you die

Right.Or maybe put into a memory card all your assets so they can access it the moment you're gone.Of course your partner or your parents should be aware of that so they will be informed and it won't create confusion to them.

that is one of the biggest issue with the crypto currencies. we should prepare a legacy plan in case something happens to us. who will have it and how.

if you don't prepare that, all your coins will die together with you.

zemb

member

Activity: 168

Merit: 11

Hmmm...I think "I have to make a will for my child and my wife now". So, you must for your future.

White Christmas

sr. member

Activity: 882

Merit: 258

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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 im going to die, i will tell my passwords and accounts in bitcoin to my family before i die. I will also tell them to learn first all the things that they should do and avoid in terms of bitcoin. In that case, they can continue to earn bitcoin using my accounts as well as earn money to sustain their daily needs. It is a good idea if you will teach someone or even all of your relatives about bitcoin.

Baskin198

member

Activity: 112

Merit: 10

I think when we die there is no sense of thinking what happen to your bitcoins. I mean you are doing any action in your life because you are alive and have feelings and once you are dead it makes no sense thinking beyond it. In fact when some bitcoins are burnt because of such reasons it gives rise to the price since the demand increases and coins decreases.

johstacy

full member

Activity: 225

Merit: 103

Of course, not everyone thinks of death, especially at a young age. If no one knows the passwords and accesses, and God forbid, something will happen to you. Then your bitcoins and other altcoins will replenish the percentage of lost coins in the world wide web of the Internet. However, practical people, I think, will make sure that their efforts are not wasted.

loaddebitcard

hero member

Activity: 672

Merit: 500

Basically they will go in limbo, but there is a way to leave crypto for next gens. Just use services like Mywish that are based on smart contracts.

btc78

full member

Activity: 2520

Merit: 214

Eloncoin.org - Mars, here we come!

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 gave my eldest son an envelope and i told him to took care of it and he will
only open when im gone,but ofcourse i have another copy of my passwords in another
envelope thats in my important paper.so when i die my bitcoins will go to my family.

hateplesent

member

Activity: 82

Merit: 13

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’m a single man and have bad problem about trust .

my family not trust in bitcoin so that i have hardware wallet and my family know where i keep it.

so if i die and some one interested in bitcoin will know how to access to it

Spanopohlo

full member

Activity: 322

Merit: 101

Aim High! Bow Low!

Truth be told, I haven't told my family yet about what is BItcoin, because it will be a long time to explain it to them, and I dont know what will happen to my hard earned Coins. So, Ill just wait to have an offspring that will inherit it, hopefully, he/she will be A genius at this kind of stuffs and of course, at the rightful age to be exact. Gonna cling on that LifeSpan so that I can Ensure the Future of my Family.

BlackRacerX

full member

Activity: 462

Merit: 102

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 told my family regarding my bitcoins. I've actually written a notebook with instructions to access my bitcoins. With this, in case I die, they know how to access my bitcoins and do whatever they want with it. I'm thinking of opening a company regarding this so in-case I die, my family will easily access my wealth.

Chekitan

newbie

Activity: 42

Merit: 0

Unless you're going to give your closest confident your keys your bitcoin's will remain un claimed. Bitcoin is decentralized and no one will ever care and pass it on your relatives. Just like When you lose your keys then you lose your money.

mikel00

member

Activity: 61

Merit: 10

i think my bitcoin will be left alone forever because i dont give my password to anyone

Topic: What happens to your Bitcoin when you Die? - page 41. (Read 5108 times)