What happens to your Bitcoin when you Die? - page 42.

hajimasan

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Quote from: Lewoll on November 27, 2017, 01:23:23 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 a friend who is my teacher in this field of trading only , and he is in my contact since 5 years and we are friends like the brothers and I also told him that I have putted my private key of the bitcoin savings at that place ( secret ) and told him that how can I access them with the use of my mobile number , so you can access it anything happen wrong with me and then give that money to my family .And access my all another account of the trading cryptocurrency with the help of email id , and also the same thing he told me to do that , Soni think I am doing the good work for the future if I got died then Still my money will remain safe and my family will use that money .
But still here i am thinking that I am very back in the case of explanation about the bitcoin like things to my family Because my family don't know about the bitcoin and cryptocurrency much , so here I think I should teach them atleast Because it may be possible that after me they start to work in this field for the living .

tarpa07

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If bitcoin die it is not a harmful for me because i'm always put my bitcoin with altcoin.

s31joemhar

sr. member

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To be honest it depends on the stipulations and the law governing them. All operations of bitcoin must act according to the jurisdiction of the law.
In other words the law of the country which their governing has a right to tell what will happen to the investment of their investor after death.

bling-bling

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Quote from: Lewoll on November 27, 2017, 01:23:23 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 guess it will go six feet under with you unless you give your password/private keys to one of your loved ones at the brink of you death..No sense of keeping when you’re going bye bye! Grin

Vaculin

hero member

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Winding down.

Quote from: teejayrichard2 on December 02, 2017, 06:07:30 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.

teejayrichard2

member

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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

doch

sr. member

Activity: 371

Merit: 250

Quote from: Xervo on December 01, 2017, 10:56:29 AM

Quote from: Lewoll on November 27, 2017, 01:23:23 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 hope, when I die, my bitcoins will pass to my heirs and bring a lot of joy. They will have nothing to deny themselves and this motivates them to act now.

We all will die one day but little bit people thinks about their family just like them I also plans that when I passed away my all money and saved BTC will be rewarded to my family to make their life joyful and didn’t feel them alone.

betMaster

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I'm pretty sure that a huge supply of bitcoin is already lost without that it's users are necessarily dead since lots of people came to the surface when bitcoin surpassed the 1k bar to tell their stories how they lost hard drive containing wallets with over than 100 or 1000 bitcoin . Some people even lost more than 7.5k bitcoin in a hard drive because they threw it by mistake .

As for myself , a friend of mine has access to my wallet and i'd be glad to let him have what it contains in the case of something happening to me . He is pretty interested in bitcoin and i'm sure that he'll make good use of it .

bitcad4u

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Activity: 602

Merit: 255

Quote from: FasTroy on December 02, 2017, 04:26:51 PM

Quote from: LastBlockMined on December 01, 2017, 03:30:17 PM

Held by my sons, private keys scured with third party always.

Yes, we should do that, because if we have a high amount of bitcoin and we die,all this amount will be lost, because no one can recover it, It's hard to crack a wallet, so the best thing is to held your private keys to someone in your family, maybe your son or wife.

Yes may be right bitcoin is a digital currency system and it's have a price is high in future wallet in case of any emergency in future you may die at that time all your wallet will be crack so better you have some key to access your wallet creat and given to someone in your family are your close friends for continued your wallet safely.

FasTroy

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Quote from: LastBlockMined on December 01, 2017, 03:30:17 PM

Held by my sons, private keys scured with third party always.

Yes, we should do that, because if we have a high amount of bitcoin and we die,all this amount will be lost, because no one can recover it, It's hard to crack a wallet, so the best thing is to held your private keys to someone in your family, maybe your son or wife.

sugiri

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★Jetwin.com★

You have to give your login information or information on wallets to someone so that retrieve/sell the coins after you die!

drwhobox

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- hello doctor who box

I did teach some of my relatives and friend about how blockchain works and how could they claim my money if i'd die. I have created a paper wallet with my private address in a stored location also there is a note on how can they get the money

Fappanu

sr. member

Activity: 1111

Merit: 255

Quote from: reck1ess on December 02, 2017, 11:03:27 AM

Bitcoin has nothing to do with my death and no one knows my account credential. Maybe I should start giving my account information to someone i loved. So that if anything happens, there will be someone who will benefit. This post helps me remind of these. Thank you.

Yes, someone from the family of ours should know about bitcoin. We should try to write our passwords, pins, email adress that corresponds to our bitcoin wallet and other altcoins. If we lose our bitcoin wallet passwords, the bitcoin that we have will be there for the rest of our lives and even up to this earth passed.

Silber

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nobody will gain from my death. because that would minimizing my life span.

reck1ess

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Bitcoin has nothing to do with my death and no one knows my account credential. Maybe I should start giving my account information to someone i loved. So that if anything happens, there will be someone who will benefit. This post helps me remind of these. Thank you.

jakelyson

legendary

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Merit: 1069

It depends on the nature of my death. If I die in an accident or if it was sudden, then my bitcoins will be lost forever.

But if i get bed ridden before I die, I'll make sure I teach my children and wife bitcoin and how to store, protect and spend them.

jerowacik

legendary

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Merit: 1000

Quote from: Lewoll on November 27, 2017, 01:23:23 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 always keep important data that I have. I give the password and mark the place that I have told my family. This is indeed a terrible thing, but I am aware that things can happen quickly. I will tell my family when I am ready and I am sure my family can understand even if I do not explain it, most importantly I give account access to my assets. That's what makes my beloved family gain access to learn what assets I have.

moonordoom

newbie

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Merit: 0

Unless you haven't given someone your private keys are a way of accessing your bitcoins, they will be gone forever. There is an estimated 500k bitcoins that are lose forever right now. This will surely grow.

sharted

full member

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Quote from: Anonaneadone on December 02, 2017, 10:42:14 AM

Quote from: Lewoll on November 27, 2017, 01:23:23 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 want to teach my family members about bitcoin but all of them is not interested in this bitcoin but whenever i get money from bitcoin, they are very supportive. they think that we know how this work but i think they are not.

You can easily teach bitcoin to your family member.If you say him how much you got from bitcoin as a payment from the Signature Campaign means,they will easily get into bitcoin.Who don't want additional money apart from his salary.

Anonaneadone

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Quote from: Lewoll on November 27, 2017, 01:23:23 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 want to teach my family members about bitcoin but all of them is not interested in this bitcoin but whenever i get money from bitcoin, they are very supportive. they think that we know how this work but i think they are not.

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