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Author Topic: What happens to your Bitcoin when you Die?  (Read 5127 times)
IanRidgwell
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December 06, 2017, 10:47:38 PM
 #221

i can say if we die without noting any documents about our bitcoin, surely bitcoin will die with us, bitcoin has a very powerful security that not all of us can access without our private key, if we didn't note our private key in computer or paper, no one would know or if they knew, they wont be able to access your wallet.
Simply bitcoin will stay in the wallet and no one can access that coin forever and the best thing is to share private key with someone whom you trust more and is in blood relation and will not do anything wrong, this act will give you inner peace that after you your loved ones will not suffer and they have a best financial support and they manage their expenses burden by using bitcoin in the righteous way to bear it.
Off course people all over the world prefers that when they will leave this world than what will happened to their relatives and families? So BTC solve this problem on the way that BTC will be saved in that person wallet until he/she doesn’t want to waste or that person can share his personal key of bitcoin that after his death his family will use that bitcoin to be happy.

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mornabo
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December 06, 2017, 11:11:28 PM
 #222

i can say if we die without noting any documents about our bitcoin, surely bitcoin will die with us, bitcoin has a very powerful security that not all of us can access without our private key, if we didn't note our private key in computer or paper, no one would know or if they knew, they wont be able to access your wallet.
Simply bitcoin will stay in the wallet and no one can access that coin forever and the best thing is to share private key with someone whom you trust more and is in blood relation and will not do anything wrong, this act will give you inner peace that after you your loved ones will not suffer and they have a best financial support and they manage their expenses burden by using bitcoin in the righteous way to bear it.
Off course people all over the world prefers that when they will leave this world than what will happened to their relatives and families? So BTC solve this problem on the way that BTC will be saved in that person wallet until he/she doesn’t want to waste or that person can share his personal key of bitcoin that after his death his family will use that bitcoin to be happy.
yeah that's great of bitcoin, you can keep your bitcoin in your wallet and you can write a will that says private key from your wallet so that when you die your family can receive the bitcoin you have, I think this question is relative, because everyone has a different way each others to give their inheritance
xDsoGood
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December 06, 2017, 11:18:04 PM
 #223

It'll just stay in my bitcoin wallet. I don't let others know where is my source of income nor my passwords. Unless I'm married, I wont have any secrets against my wife
crypto-bit
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December 06, 2017, 11:24:00 PM
 #224

Will if you die..your bitcoin will die too lol. just trust your private key in your loves one then teach them on how to use it and how important it is.Don't just be selfish share your knowledge to them and it will help them if just in case you will gone in this world.Make sure that you own a bitcoin if you have to teach them so that it will not become useless.
MS.LAWLIET
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December 06, 2017, 11:45:32 PM
 #225

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...

Well this is a nice question. Haha i'm not thinking that i will die because i'm still young but who knows right? Well i have this deathnote note book the one from japanese manga and at the last page there's a black colored page where i do right my bitcoin account and private key. Haha. It can't be read by just glancing because it's black page and i use a black pen. I'll give it to my first son it's for him to figure out what's in that notebook.
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December 06, 2017, 11:46:14 PM
 #226

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...

it keeps stored in your address until someone redeem or crack your private keys.
thet
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December 06, 2017, 11:47:56 PM
 #227

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...

My password and all the details are in good hands, they can get it if they can. I told thrm about my income but don't believe me that much.

ceyceyki
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December 06, 2017, 11:51:01 PM
 #228

Actually I should write a letter to notary and when I die they should give my wallet details to my family. It is a very important thing guys and serious. Imagine you buy altcoin and 5 years later it makes 100x and you become millionare but you died. Even your family cannot take it. You should think about that.

ezekhiele
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December 06, 2017, 11:58:53 PM
 #229

No one can predict our death and along the way we may encounter unexpected accidents
 Since, I am a member in bitcoin,  i will informed my wife and my family about my account so that if ill die someone will continue what ive started. That is the good essence of bitcoin because you can pass it from generation to generation.

kenjay11
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December 07, 2017, 02:17:26 AM
 #230

Of course I prefer to teach my family how to access and use my bitcoin in case I die, because I do not want to include my bitcoin if I'm gone. And of course all of my hard work and suffering will go to nothing if I don't give my bitcoin to my family or to my friend.
Glorypaasa
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December 07, 2017, 02:25:18 AM
 #231

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 i die my bitcoin will die too so as its early i want to teach my family to use this example is my sister i will give all my password to her so just incaseif it happens because they didnt know what will happen everyday so make it sure that some people know about your all privacy infromation . Smiley
CryptoBeetle
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December 07, 2017, 02:29:19 AM
 #232

Interesting topic. Following this thread!
MkGregor
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December 07, 2017, 03:13:01 AM
 #233

Can't say, that it did not cross my mind, but at the moment the amount I'm holding would not affect their lives in any meaningful way, so not worth to bother. But in future, shall I hold something substantial, absolutely I would put procedures in place to let them access it.

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Kakawate
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December 07, 2017, 03:17:34 AM
 #234

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 you die, and nobody knows about your accounts and passwords then your bitcoins are lost forever. That is why, we need to atleast tell somebody we trust, like our family or trusted friend about it, just so he can retrieve it if something happened to you.

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December 07, 2017, 03:20:15 AM
 #235

before I die, I will give my bitcoin to my family, teach them how to use bitcoin so they can continue my journey to increase the financial with bitcoin. I will tell them that they can use bitcoin for anything they want and I hope that they can fill their daily needs with the money from bitcoin. I will gladly if they want to donate some of their profit to other people which really need money so the other people can stay living like what I teach to them.

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December 07, 2017, 03:23:33 AM
 #236

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'll give the key for my child in emergency
johnrickdalaygon
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December 07, 2017, 03:23:51 AM
 #237

Actually, my family member did not know about bitcoin but i can teach them how to use it. But, the hard thing is how i can transfer to them my bitcoin if they did not know how bitcoin works?  Grin I don't know when did i died  Cheesy So, for me the better solution is to create or backup all of my account information that only my family knows.
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December 07, 2017, 04:08:38 AM
 #238

I don't have part of my family members that with IT background.
most of them are didn't know actually how to operate a computer, except my sister.

But for now, i didn't teach them, there's a time when i'll need to teach it to her.
because bitcoin is the best legacy

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December 07, 2017, 04:11:52 AM
 #239

what would happen to my bitcoin when I was dead and if ever there was bitcoin when I was dead I would be able to send my family to even though I was still in the world with them still having money and still helping them, so now I'm teaching my brothers and sisters to teach them so that they can teach their family someday. so bitcoin should be distributed to everyone for the next generation.
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December 07, 2017, 04:12:43 AM
 #240

There is no problem with my bitcoin if I die, I told about anything to my parents and brother. I tell them about my private key, identifier, wallet that I use, password and amount of bitcoin that I have.  I hope those nformations will help them to access my wallet if I die.
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