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Author Topic: Bitcoin Holders dying  (Read 2826 times)
teejayrichard2
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November 03, 2017, 12:35:22 AM
 #141

This is sort of funny. Well I think if you worried about this best thing is give someone you trust 100& your details so you both have access to your coins.

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November 03, 2017, 10:02:45 PM
 #142

This is why my father has an extra copy of my private keys. It also adds an extra layer of protection. You need to do this with everything you have it is nothing new really. Before bitcoin you would put deeds to your property in your offsprings name. Nothing changes with Bitcoin and the same is needed. Infact you should give the private key so a family member anyway. Let us in an extreme case say your whole house burnt down? Even if you have insurance they cannot insure the lost Bitcoins that is on you. So if a loved one has the keys too then all is well and you can get your bitcoins. Always prepare for the worse but expect the best. Wink


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November 13, 2017, 11:34:10 PM
 #143

This is why my father has an extra copy of my private keys. It also adds an extra layer of protection. You need to do this with everything you have it is nothing new really. Before bitcoin you would put deeds to your property in your offsprings name. Nothing changes with Bitcoin and the same is needed. Infact you should give the private key so a family member anyway. Let us in an extreme case say your whole house burnt down? Even if you have insurance they cannot insure the lost Bitcoins that is on you. So if a loved one has the keys too then all is well and you can get your bitcoins. Always prepare for the worse but expect the best. Wink

the good thing with bitcoin is that, as long as your loved ones has your private key, they will get it no matter what at no extra cost like from the deposit vault in the bank. Although it is also a good idea to use the bank service and just save on usb the instructions and private key of your bitcoin.

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November 13, 2017, 11:35:44 PM
 #144

Those bitcoins will be lost forever if you will not let someone inherit it. We don't know when we will pass away and our lives will be gone. Better if you give it to someone you would trust and don't move your funds while you are alive. And when something unexpected happens (I hope none) and he can just open your wallets and import your keys to enjoy it with your family.



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November 16, 2017, 01:56:30 AM
 #145

Those bitcoins will be lost forever if you will not let someone inherit it. We don't know when we will pass away and our lives will be gone. Better if you give it to someone you would trust and don't move your funds while you are alive. And when something unexpected happens (I hope none) and he can just open your wallets and import your keys to enjoy it with your family.

I am now considering the idea of depositing to the bank for safekeeping a USB and a note with all of the instructions on how to withdraw my bitcoin - but of course, it is just a plan for now because I don't have that much of bitcoin at the moment.

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November 16, 2017, 02:00:40 AM
 #146

I am quite new to this.

I can see quite a lot of Bitcoin going `missing` when someone dies. (without giving survivors your passwords etc)


they should have saved the login details somewhere in their device.. Smiley it seems a little bit unheartly to care about those stuff when someone is dying but you have a point.
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November 16, 2017, 02:08:32 AM
 #147

I am quite new to this.

I can see quite a lot of Bitcoin going `missing` when someone dies. (without giving survivors your passwords etc)

If you dont know the important of the bitcoin and you dont know how to value it.then it is true that will be disappear any time. I think this is too small or not secured yoir password.and don't trust the other brother because in the end yourself is just your only friend.i hope it will teach you a lesson.so you're mist better know how to value one things in your life

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November 16, 2017, 02:42:21 AM
 #148

I left my partner details on how to sweep paper wallets and use seeds for my ledger.
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November 16, 2017, 02:48:59 AM
 #149

I am quite new to this.

I can see quite a lot of Bitcoin going `missing` when someone dies. (without giving survivors your passwords etc)

I think this is truth that bitcoin are going missing lots , Because bn there are many people in this online world who are making lots of earnings annonymously and also using Thier Money for the new new project and multiplying into Big amount , but they didn't tell to everyone , and after leaving Thier work ( whatever the reason ) they face no responsibility by anyone and all the money remain as an online data not for use for anyone .
Here I myself lost my btc in my one of the blockchain Wallet with amount 0.7 btc which is not recoverable now because I post e-mail I'd , well many ways also responsible to the wastage of bitcoin in the account by no access by the owner .


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November 16, 2017, 03:08:16 AM
 #150

Bitcoin isn't likely to die soon on its own.  It is possible that the price will drop, an alternate digital currency will overtake it.

Bitcoin has gathered a lot of value, however, very little of this value comes from economic activity (GDP) which is what would traditionally give a currency its value and stability.  Bitcoin is actually designed like a commodity (creation of Bitcoins was modeled after mining gold), and like other commodities, much of the value is derived from speculation of that commodity (not from its acceptance and usage to buy and sell goods).

Some major companies are announcing acceptance of Bitcoin, but at the moment, that likely drives more media attention than sales via Bitcoin.  Given the high ratio of accounts speculating to those actually transacting, the value of Bitcoin will continue to be quite volatile, rising and falling with speculation and could collapse quickly to a rather low value.  If more Bitcoin account holders use Bitcoins to buy and sell goods rather than to stockpile Bitcoins in a speculative fashion, then the value of a Bitcoin will become more stable.
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November 16, 2017, 03:23:55 AM
 #151

You are wrong mate, bitcoin holders are not dying or not going any where. We are proud bitcoin holders and we will hodl it for a decades to come. iI wont sell it under 6 digits believe me. I have few good bitcoins saved and I want to become a rich man due to these bitcoins. Smiley

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November 16, 2017, 04:35:21 AM
 #152

I think it is an interesting assumption because bitcoin still not as familiar as traditional cash to ordinary people, also, life is easy to lose actually, I can see someone dead in news everyday. So, I think it is wise to really think about this question. for me, I think tell someone you trust is a good idea, tell them the instruction about how to deal with your bitcoin. actually, not only your bitcoin, but everything you care. I hope everyone would be safe and sound. peace

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November 20, 2017, 03:05:23 PM
 #153

This is why my father has an extra copy of my private keys. It also adds an extra layer of protection. You need to do this with everything you have it is nothing new really. Before bitcoin you would put deeds to your property in your offsprings name. Nothing changes with Bitcoin and the same is needed. Infact you should give the private key so a family member anyway. Let us in an extreme case say your whole house burnt down? Even if you have insurance they cannot insure the lost Bitcoins that is on you. So if a loved one has the keys too then all is well and you can get your bitcoins. Always prepare for the worse but expect the best. Wink

the good thing with bitcoin is that, as long as your loved ones has your private key, they will get it no matter what at no extra cost like from the deposit vault in the bank. Although it is also a good idea to use the bank service and just save on usb the instructions and private key of your bitcoin.
I don’t think so there is any issue in sharing your key with at least the one person who is really very close to you just in order to be on the safe side so that if something unexpected happens to you, your beloved ones or your family may get advantage of your savings. Even if you don’t want to share it, keep it written on some diary or some paper hidden in secret place so that they may work out under such circumstances for the left ones.

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November 20, 2017, 03:48:26 PM
 #154

It will be difficult for our closest people to open our Bitcoin assets if they do not know what passwords and how to use them. So, we should prepare ourselves each, to face the precarious situation when we go. So, use our time well with our family.

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November 20, 2017, 03:53:05 PM
 #155

The risk of your life depends on how much bitcoin you hold in a particular given time. If you have let say 10 btc in this time, I prefer you cash in automatically half of them and store some in cold drives.

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November 20, 2017, 04:02:36 PM
 #156

I am quite new to this.

I can see quite a lot of Bitcoin going `missing` when someone dies. (without giving survivors your passwords etc)

I think that there are very few cases when a person has died and he has many bitcoins left.
In any case, if the Bitcoin wallet will stay in a person, the turnover will be less of them, and in the price of Bitcoin will be more expensive. Especially if it's a large sum.

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November 20, 2017, 04:24:58 PM
 #157

Bitcoin investors are always smart. And when bitcoin value rises to such extent one has to be that wise. A smart investor net let their investments and his successors go away. Even when we open bank account, or draw insurance policy we do nomination. It is not advisable to share your private key with all, but you can share it with him, you trust most. If you don’t do this, then after your death those bitcoins will become useless.

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November 20, 2017, 04:32:22 PM
 #158

Your point is essential however the issue here is that bitcoin isn't care for other resource, Bitcoins clients are not moronic, sensible clients have plans and wayouts to manage such a circumstance. I am a solitary person I have officially shared my insights about bitcoin wallets with my sibling that I trust and there will be no issue for him to get to it after my in the event that I changed my address.

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November 20, 2017, 04:34:54 PM
 #159

Check DigiPulse project, is a brand new service that offer digital inheritances

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November 20, 2017, 04:50:49 PM
 #160

Well that is why our trusted love ones should know our private keys, has access on our accounts like FB, BCT and GMAIL. Most of the time people are storing money in there, and also wallets. They must have access in order for it not to be put in waste.

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