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

[@Mhaiang]

It will stay in the digital wallet and if the key/account information is not designated or given to someone, then it will forever stay there in the wallet. As we know it, bitcoin is just like gold, and no one would ever give their key/account to someone else while they are still alive.

[zarados]

I do not really know if in this case, the person is storing bitcoin in the wallet online. Do not rule out that they can access the bitcoin that we have if not accessed for several years. If he keeps it in an offline wallet or wallet hardware, the bitcoin will be out of circulation if the owner dies and nobody knows his private key.

[onnz423]

Right now there are two possibilities if a bitcoin holder dies;

1. He has left his private key or seed phrase with his lawyer so that his executor can distribute the contents of his wallet to those stated in his last will and testimony. I would expect that this is an extremely rare occurrence for now.

2. His Bitcoins are left in his wallet address for all eternity, thereby reducing the available supply, and slightly increasing scarcity, contributing to BTC value growth.

[Nitnit13]

Therefore you should prepare everything about bitcoin in the future. One example you can save like a wallet with a privacy key in it. And it can be a legacy for your family or it could be for your close friends.

[missyqt29]

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?

If no one aside from the person owns the bitcoin knows about his account and private key, then that bitcoin will forever be locked as long as the bitcoin system doesn't change in the future. That is why I think it is suitable to have a partner in this business or even a precaution like a will when you die. You can ask your lawyer to do some arrangements with this and you have to write down your private key if you will do so.

[miyong]

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?

If the person did not put the private keys in a particular folder,  then,  all of her/his bitcoin will remain that way,  nobody can get it and have it as long as the family have some idea about it and can get the private keys,  they can get it easily.

[maman567]

We have prepare of something we do not know when it happen for us or for our family have joined and experience at cryptocurrency, include about the wallet have we used before. Like we have much bitcoin balance on my wallet, we don’t know when we will pass away, we have give our data to our patner or could to our family, when we was pass away our family could take our balance on the wallet. If they are don’t know it our balance is gone.

[tera linh]

yes it will deduct on the supply of bitcoin but because there is also fork it might change. but the bitcoin that was in the wallet of the dead person will stay in there forever if no one can open it because of one knew the private key of his wallet.  it cannot be transferred  as the only way hos family to have an access with it is through his private key.

[CoinstarF]

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 is why we also need to atleast note the guide how to take our bitcoin for our family member, teach them how to used it
Give them our legacy that we invested.

So our works, will not become nothing

Here comes the point that we need to educate our descendants about crypto currency specially bitcoin of what we envisted exerting efforts must pass through into our family members they inheret our  coins.

[coinmaster241]

Right now there are two possibilities if a bitcoin holder dies;

1. He has left his private key or seed phrase with his lawyer so that his executor can distribute the contents of his wallet to those stated in his last will and testimony. I would expect that this is an extremely rare occurrence for now.

2. His Bitcoins are left in his wallet address for all eternity, thereby reducing the available supply, and slightly increasing scarcity, contributing to BTC value growth.

I agree, sure that all large bitcoin owners will be designed in such a way to deal with the unexpected, this is natural because big assets are usually not just 1 person who hold / know. very risky to hold it alone

[aiviaa485]

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?

will remain locked Bitcoin can not go anywhere because the password who know the person who has died.

unless there is a family party who knows and appealed to a particular Exchange Fiat Local to open the id + paswword ny to move the Bitcoin.

[mjune31]

If it died we can't use it anymore. 

[aray80]

True, so in This Depends on the owner of the bitcoin itself, where He keeps it and how its solution to overcome things like this ... perhaps by giving a testament to the nearest person ...

[Raggie]

yes it is, but only if the owner not give any information about their wallet.
if they give their info before they die, the balance of bitcoin wont lost forever.

[rumexx]

Blockchain is an institution which has come to stay. It the concept of Satoshi Nakamoto but have been developed to be decentralized and is now  bigger than an individual. So the death of any  team member will not in any how affect the bitcoin as an instrument for payment of goods and services.

[fndsr]

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?

if that happens may be a futile profit because the investment gains will disappear then from that as an experience or a save lesson and tell the person you trust to get your bitcoin inheritance

[wasaisisisi]

If you do not leave a little trace to your relatives it will be lost forever. So you seem to need to prepare if you want your bitcoin not wasted in your wallet. Because maybe your relatives are in need of money when you are gone forever.

[Radio-Active]

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?

unfortunately yes. if no peoples know about your wallet information, no one can move the balance. even bitcoin developer cannot to anything about it.
if they can recover the bitcoin, it is against the security of bitcoin itself.

[cutecute]

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 bitcoin will not lost forever if the bitcoin owner die. For me there's a substitution for him/her because there are so many person that controlling bitcoin. If he die I think he will find another to replace his position so that bitcoin will not lost or gone. I think his family will be the one who will replace his position.

[mmo4me.2016]

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?

Loss a private key as you lost Bitcoin! No one can help you get back on the basis of current technology, so if someone loses a private key, the amount of BTC that is locked forever.