If bitcoin owner die. It means bitcoin also lost forever?

[waldshmidt7]

Yes, the million bitcoins will be in their name and may not move from wallet to wallet again but if they stored online and there is no activity, the company can access the bitcoins and reclaim them.

[reck1ess]

The bitcoin will still remain in his/her account but since no one knows the user or password of the account therefore it can't be trade or transfer to another account.

[mevmike]

if he wasn't able to entrust it to anyone before he dies.
then it will be safe to say that his/her bitcoin will be lost forever.
that is why you must have someone you could trust your keys with.
so that all your efforts now wont go to waste.

[Chosenpai]

Yes correct, if a person dies without telling anyone about the key and his wallet address. It will be lost forever, it will still reflects from its balance but cannot be accessed anymore.

[Aya1]

This leads to volatility in which bitcoin owners can die, I think if the owner or inventor of bitcoin is dead, I think the virtual cryptocurrency money will keep running, because this virtual money will always develop the device in this cryptocurrency business, if the bitcoin owner is dead, there must be a second holder of cryptocurrency, I'm sure it is.

[Chosenpai]

This leads to volatility in which bitcoin owners can die, I think if the owner or inventor of bitcoin is dead, I think the virtual cryptocurrency money will keep running, because this virtual money will always develop the device in this cryptocurrency business, if the bitcoin owner is dead, there must be a second holder of cryptocurrency, I'm sure it is.

No, I don't think its possible. No one can access that account anymore. Meaning it will be stacked there, but cannot be accessed anymore.

[jaylhynne018]

I just got this question in my mind. What will happen if no one knows about the pasword of his/her acount will it posibly deduct to the main supply of bitcoin? Example bitcoin was 21million supply and one man got 1 million bitcoin he was holding and suddenly he died no one can open his wallet is it posible that the remaining 20 million bitcoin forever?

i think its not because he can heirs it  to his children and also i think he don't like to die bitcoin when he died because if he die he cannot want to die his sacrifices to build the bitcoin so stay strong for the owner of bitcoin.

[Sab11]

I think yes if bitcoin owner die her bitcoin will lost forever
Because no one can access that account, except hacker steal her bitcoin.

[BTCeminjas]

I just got this question in my mind. What will happen if no one knows about the pasword of his/her acount will it posibly deduct to the main supply of bitcoin? Example bitcoin was 21million supply and one man got 1 million bitcoin he was holding and suddenly he died no one can open his wallet is it posible that the remaining 20 million bitcoin forever?

That's possible happen the bitcoin holding person when he or she die the bitcoin will also disappear if that's not able to recover that's the problem, but if ever one of close friends or family know maybe it recover by them using the gadget he/she used, example laptop for me i save everything my password here in laptop so that i can't forget it. But it is case to case basis in different scenario that happened.

[1Referee]

This leads to volatility in which bitcoin owners can die, I think if the owner or inventor of bitcoin is dead, I think the virtual cryptocurrency money will keep running, because this virtual money will always develop the device in this cryptocurrency business, if the bitcoin owner is dead, there must be a second holder of cryptocurrency, I'm sure it is.

This thread isn't about Satoshi. It's about people in general owning (i.e holding) Bitcoin. Satoshi himself doesn't play a role of importance anymore for Bitcoin in technical terms. The only thing giving him any importance right now is his supposed coin stash, which no one but him knows exactly how many coins he owns. I think it's safe to say that in current time and day, the market would applaude the day when they know for sure that Satoshi can't access his coins anymore for whatever reason. And no, there won't be a second holder of his coins, unless there is an unkown entity with potential access to his private keys. As long as his supposed early coins aren't moving, the market remains calm.

[coinsocieties]

This leads to volatility in which bitcoin owners can die, I think if the owner or inventor of bitcoin is dead, I think the virtual cryptocurrency money will keep running, because this virtual money will always develop the device in this cryptocurrency business, if the bitcoin owner is dead, there must be a second holder of cryptocurrency, I'm sure it is.

This thread isn't about Satoshi. It's about people in general owning (i.e holding) Bitcoin. Satoshi himself doesn't play a role of importance anymore for Bitcoin in technical terms. The only thing giving him any importance right now is his supposed coin stash, which no one but him knows exactly how many coins he owns. I think it's safe to say that in current time and day, the market would applaude the day when they know for sure that Satoshi can't access his coins anymore for whatever reason. And no, there won't be a second holder of his coins, unless there is an unkown entity with potential access to his private keys. As long as his supposed early coins aren't moving, the market remains calm.

Your right if satoshi die and no one can access hes wallet too then the market is just still remain. Theres no affect in the movements of the coin but the total supply will decreast dew to that acount that can’t be move and the potencial holder of that bicoins will goes to the remaining supply which smaller to 20 million BTC. Because the 1 million was lock in to the wallet of the dead person.

[felicanoma]

if the bitcoin owner leaves the important document and gives the document or data to his / her family then the bitcoin automatically will not be lost, but if the person does not leave a will or small writing it is likely the bitcoin is like a locked treasure and stored in an unknown place one person.

[poor-yorik]

I'm amused by the fact that so may participants use the word 'if', as in 'if you die'. Every person reading this will die, which is why everyone holding cryptocurrency should prepare. Also, it's not even just a question of death. You could sustain brain damage or contract Alzheimer's. Prepare now

Well, if it comes to that, I should also add that it is not just about someone holding cryptocurrency. It is about virtually everyone who has any currency or any valuable asset which can be lost when they meet their Maker "unprepared".

[leavolnhals]

I do not think so because independent bitcoin is programmed through the matrix. Therefore, the bitcoin processing is managed by the computer and runs indefinitely. So the bitcoin does not have a stoppage though. The creators have nothing to do with it. With the current total assets of the bitcoin up to 21 million, and its creators only hold 1 million, accounting for 1% of its total value, his Loss also does not reduce the value of bitcoin at all.

[Tambu]

I think the bitcoin just stay in the wallet but its useless then since the bitcoin will be idle.
It could be the creator of the wallet can retrieve the btc

[learner 7]

I think that the option will be added to the wallet that after a certain period of time if there is no activity in the wallet the funds will be transferred to another wallet. In MEB there is a token, MyWish, who makes this transfer.

[Amelial]

Bitcoin will be life forever but btc can not moved to other wallet

[alexsandria]

I just got this question in my mind. What will happen if no one knows about the pasword of his/her acount will it posibly deduct to the main supply of bitcoin? Example bitcoin was 21million supply and one man got 1 million bitcoin he was holding and suddenly he died no one can open his wallet is it posible that the remaining 20 million bitcoin forever?

I don't think so. Because if there is any one who knew about the owners wallet we all can say that it's bitcoin on his account will not die or not used. For me as a bitcoiners I have this one friend who knew about my password so that if anything happens to me I would rather give some notes and to do to my wallet so it will become useful.

[merlyn22]

I just got this question in my mind. What will happen if no one knows about the pasword of his/her acount will it posibly deduct to the main supply of bitcoin? Example bitcoin was 21million supply and one man got 1 million bitcoin he was holding and suddenly he died no one can open his wallet is it posible that the remaining 20 million bitcoin forever?

this are the reason why i write down all my details on my diary. incase bad things happen to me my family will open my bitcoin account.... i write my username , all the site i join and have balance , all my wallet link , password , private key, even my atm password i also write it... in that case im more feel secure for my children future

[SixOfFive]

If you hold your BTC in an decentralized private wallet then it is impossible to access your BTC unless somebody knows the private key or seed, in order to open it.