What happens to your Bitcoin when you Die? - page 48.

parekoy

member

Activity: 168

Merit: 10

HEALTHCARE BEYOND BARRIERS

Quote from: Quesdana on November 27, 2017, 04:15:25 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...

When I die, my bitcoin will be handed to one of my family whom I really trust my bitcoin account for them. It is better if they will know it earlier so they will not be shocked if I will hand it over to one of them my account so they will know how it can help their life to live in a good and luxurious house if they already have the enough amount to buy for those things that are luxurious and they can also use it to travel other countries that they want to travel.

LoL, you mean, you're going to give your keys after you die through a dream or handing it when you're a ghost.. Joke.
I got your point this time. It's better to give them your key without knowing what do that key for. When you Die, they will know how to access it and they will remember that you handed them a paper that has the wallet key written on it.

parekoy

member

Activity: 168

Merit: 10

HEALTHCARE BEYOND BARRIERS

Quote from: Aura on November 27, 2017, 04:13:46 PM

I thought about this exact same question a couple of days ago. I'm considering to tell my father how it works, as I don't think my mother nor my sister will remember it. I'm also scared that if my sister remembers it, she could possible slip of tongue the location were I save it to friends, because I think she doesn't understand the value of it. But it's worth telling someone, you never know what will happen. Bitcoins are getting a really serious value, I think it's better that my family is able to enjoy it than that it is gone forever.

You know who you trust even your own family cannot be trusted.
Think about this, it's not about they should know how to use it or teach them how to open wallets and see how it works from earning to transferring and I don't think it's a good idea because if they're not interested - they learned nothing. All they need is a single private key, and that's it. When you're gone and they have the private key then someone will trying to help then in order to access your accounts.

Quesdana

member

Activity: 212

Merit: 10

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...

When I die, my bitcoin will be handed to one of my family whom I really trust my bitcoin account for them. It is better if they will know it earlier so they will not be shocked if I will hand it over to one of them my account so they will know how it can help their life to live in a good and luxurious house if they already have the enough amount to buy for those things that are luxurious and they can also use it to travel other countries that they want to travel.

Aura

sr. member

Activity: 518

Merit: 268

I thought about this exact same question a couple of days ago. I'm considering to tell my father how it works, as I don't think my mother nor my sister will remember it. I'm also scared that if my sister remembers it, she could possible slip of tongue the location were I save it to friends, because I think she doesn't understand the value of it. But it's worth telling someone, you never know what will happen. Bitcoins are getting a really serious value, I think it's better that my family is able to enjoy it than that it is gone forever.

nextel

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Activity: 154

Merit: 10

Next Generation Agreements for Everyone on The Eth

Quote from: wihrn on November 27, 2017, 04:03:20 PM

i grass there is nothing bad in learning my relatives how to reach my savings in case of an emergencies

It's not bad ay all, it is the right way to keep your digital assets Everhart when you're gone and let your loved ones enjoy what you're working so hard and not be in vain.

nextel

member

Activity: 154

Merit: 10

Next Generation Agreements for Everyone on The Eth

Quote from: Slow death on November 27, 2017, 03:59:33 PM

Quote from: soham on November 27, 2017, 02:35:48 PM

have some faith on your wife and tell her everything about your bitcoins...

it's difficult to trust people, in today's world women and men have become interested, if one of the partners is very rich, you risk being murdered by your own wife or your own husband, in my country is full of cases of this kind.

is difficult and very complicated, money changes people, most people do anything for money, even if it is your wife, son, mother or father or any member of your family money can corrupt them, if you have many bitcoin and you are very sick I would advise to withdraw everything to your bank and if you died the situation would be different... banks are explorers but in certain situations they are very useful

Wow! I haven't seen that coming. Wife will murder the husband over Bitcoin, well that's possible if the couple were not in good terms but they do know each other's keys to access digital assets.
Common sense should be used this time, if you don't trust your wife then entrust it with your siblings or your best friend whom you have known for ages

nextel

member

Activity: 154

Merit: 10

Next Generation Agreements for Everyone on The Eth

Quote from: Byatt on November 27, 2017, 02:52:47 PM

My family would probably benefits it because while I'm alive, will let them know about it

It feels really good when you are earning money through Bitcoin and Crypto-Currency with your family because when we die, surely they will enjoy it. It would be as the legacy that you passed unto them.

nextel

member

Activity: 154

Merit: 10

Next Generation Agreements for Everyone on The Eth

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.

Of course it will still there but would you mind if you should have let your family enjoy on your digital assets when you're gone. Is it a good idea that they're going to use it instead of losing it forever?

wihrn

newbie

Activity: 14

Merit: 0

i grass there is nothing bad in learning my relatives how to reach my savings in case of an emergencies

nhoj25

member

Activity: 322

Merit: 10

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...

Bitcoin now can be considered as an asset. Sharing it to mylove ones will be my best decision.

hodlftw

full member

Activity: 326

Merit: 104

Santa Coin

I dislike thinking in worst case scenario because I am an eternal optimist and as a result I haven't setup any way for my family to retrieve my bitcoin. I hope to do that in the next year or two but only when the amount of $ is worth doing something like that. Right now it is a nominal amount that my family can go without but if it reaches a tipping point then for me I would make the video then. God no I wouldn't want to take it with me and deprive the world of the BTC I had that would be plain wrong. Tongue

Slow death

legendary

Activity: 3150

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Leading Crypto Sports Betting & Casino Platform

Quote from: soham on November 27, 2017, 02:35:48 PM

have some faith on your wife and tell her everything about your bitcoins...

it's difficult to trust people, in today's world women and men have become interested, if one of the partners is very rich, you risk being murdered by your own wife or your own husband, in my country is full of cases of this kind.

is difficult and very complicated, money changes people, most people do anything for money, even if it is your wife, son, mother or father or any member of your family money can corrupt them, if you have many bitcoin and you are very sick I would advise to withdraw everything to your bank and if you died the situation would be different... banks are explorers but in certain situations they are very useful

rumexx

full member

Activity: 476

Merit: 100

My second daughter is already working with me in Blockchain tech. She has all the password of all my projects and all the private keys to all my wallets. I have introduce her to all i am doing in the forum. She can always take over.

TimtheYoutuber

full member

Activity: 1708

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www.positivebetting.com

I have some family members who would be able to access my coins if I were to die. It is a very good idea to make sure someone knows how to access it as the coins could be lost forever.

wanderloy

member

Activity: 182

Merit: 10

PRESALE BEGINS UP TO 45% DISCOUNT

Quote from: Proxii inc on November 27, 2017, 03:46:01 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...

I believe a good thing to do is to store Big amount of BTC in a cold storage wallet like the Ledger nano s or a paper wallet and put it in a safe. Then you can put the pin code of the ledger in your will, and the place where the wallet is stored.

Nice plan, instead of trusting them while you're alive - you'll gonna have to put it together in your last will of testament to protect your keys while you're alive.
Bitcoin is indeed a valuable digital asset today so it is not advisable to bring it us when we die, someone in your family only could use it just in case.

Proxii inc

newbie

Activity: 32

Merit: 0

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 believe a good thing to do is to store Big amount of BTC in a cold storage wallet like the Ledger nano s or a paper wallet and put it in a safe. Then you can put the pin code of the ledger in your will, and the place where the wallet is stored.

Lewoll

member

Activity: 196

Merit: 14

I don't think sMerit harvesting is a serious crime

Quote from: Byatt on November 27, 2017, 02:52:47 PM

My family would probably benefits it because while I'm alive, will let them know about it

That's my point, every owners must tell their family members or closest siblings about their digital assets in order your family will enjoy in the future because your Cryptocurrency assets would help their needs.

Lewoll

member

Activity: 196

Merit: 14

I don't think sMerit harvesting is a serious crime

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.

Yes, Bitcoin is still there but is it good that when you're gone your family could benefit you digital assets instead of just letting Bitcoin die together with you.

Byatt

member

Activity: 105

Merit: 12

My family would probably benefits it because while I'm alive, will let them know about it

Danglen1010

full member

Activity: 230

Merit: 108

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

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