Topic: What happens to your Bitcoin when you Die? - page 44. (Read 5108 times)
Certainly, I will teach my children trade and invest in cryptocurrency. This is the good way to earn money
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...
That will call a burn the coin and few enjoy that price gonna rise! Do you want to take your Bitcoin with you when you're gone?
Let me hear it from your own opinions...
Anybody holding a big amount should tell someone of his family about it. It's unfair that funds stay locked without a chance to recover.
Held by my sons, private keys scured with third party always.
Just a matter of fact that we have lost of 4 Million bitcoins today out of which 30% is due to reason that people have either lost their private keys or they have died without handing over their private keys to their future generations. This is really horrible considering that bitcoin is still quite new if more and more people continue to do such things we will lose a great share out of the 21 Million Supply.
I'll let one person to know anything about my bitcoin. One person i could trust. If I think the time is right, I'll tell him/her everything. It could be anyone whether it is my wife, my son, my daughter or even someone who is not even my family. As a consequence, I need to be careful to choose who he/she is.
Maybe I found myself lucky in this kind of situation, where my sister and brother knows about bitcoin. I'll just simply give the information about my bitcoin to them, in case I'm going to die. It will be easy for them to access and to know for they have already an information in using bitcoin.
What do you mean in case you're doing to die? You need to do this before you get into that situation. Not everyone is told they have x amount of days to live. Some good advice is to either put your private keys in a safe deposit box or with a lawyer or in your will etc, or if you don't want to go down that route give half your seed to someone you trust with your life and half of the other to someone else also equally as trusted. Then if you die you will need both parties to get together to restore the bitcoins.
Maybe I found myself lucky in this kind of situation, where my sister and brother knows about bitcoin. I'll just simply give the information about my bitcoin to them, in case I'm going to die. It will be easy for them to access and to know for they have already an information in using bitcoin.
Firstly, i have explained about bitcoin for my parent but we still have a arguments and they still think that everything not allowed by government is bad. When i'm gone, i will leave my password of my bitcoin wallets for my children or my family member and teach them how to use it and earning money from my legacy !
That is interesting. To me my brother have a little idea about bitcoin. But my all data is in a notebook, and everything is very clear there, my all wallet address and passwords etc. Therefore i do not think that it will be so difficult for them to reach to my bitcoin that i am holding in current time. Because bitcoin is an assets and is a good investment therefore your family must have some idea about your investment.
80% of the members of this forum are guilty of this, as same to our faint money in our bank account most of us fail to lay proper arrangements for our exits from this world. We keep our details away from our family and that has great negative impact when our family try to access our finances when we are not around.
We need to let our family know everything about our finances let you wife,children have access to you walletor bank account because no body can predict what will happen in the next few minutes ahead.
We need to let our family know everything about our finances let you wife,children have access to you walletor bank account because no body can predict what will happen in the next few minutes ahead.
Firstly, i have explained about bitcoin for my parent but we still have a arguments and they still think that everything not allowed by government is bad. When i'm gone, i will leave my password of my bitcoin wallets for my children or my family member and teach them how to use it and earning money from my legacy !
I will teach my family member how to use my bitcoin.and it will sent to my children also.they can use it earn money and make there life more better.
If we will die then our all bitcoin's will be wasted because the bitcoin wallets are opened by the private keys that only we know so after our death no body will be able to access our wallets and all our money will be wasted .
I don't worry about my bitcoin after my death. My son or daughter will take the charge of my existing bitcoin.
i have not thought of going that far, i will later make a will to my family so they can access it and my bitcoin does not just disappear
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...
ofcourse i will give it to my repatives and families i will write my bitcoin accounts in my journal so they can see it so in tue future they can use my bitcoin in their daily needs Do you want to take your Bitcoin with you when you're gone?
Let me hear it from your own opinions...
You need hide a usb flash with all instruction and bring it in your bringchain, keep the password in another safe place e tell this to your family.
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...
There were an ICO i see long time ago that when you die they will take care of your bitcoin.Do you want to take your Bitcoin with you when you're gone?
Let me hear it from your own opinions...
Its like a last will that will make your descendants receive your assets when you left the earth.
You can find it on alternative cryptocurrencies, i dont know if it was successfull.
The answer to this rhetorical question is completely up to you. If you've planned beforehand and entrusted the details of you private key and wallet your bitcoin's will be passed on the person entrusted with the details. But if you've failed to pass on these details then the money will stay there leading to your loss.
Very good question 
I did not think about that. You are right, we need educate our family members how using wallet, exchanger, etc.
Anything can happen.
I did not think about that. You are right, we need educate our family members how using wallet, exchanger, etc.
Anything can happen.
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