Bitcoin, Spouses and Divorce

[tsaroz]

I'm having a similar situation here. I'm so into crypto that my girlfriend thinks I'm not giving her enough time. She knows about my crypto involvement and she's Okay with it if I stay away from gambling. And she founds out everytime I lose high amount in gambling. It's getting difficult for me to balance my job, crypto and girlfriend all at a time. I just hope she won't fall for any other.

[1715391611]

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[1715391611]

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[MI6]

I have not partner yet, but i keep tell my parents what i do and so do for bitcoin holding. I think they are really understand when i tell them price increased, price dumped, why i not sell, why i hold. As long it is not bother my daily needs, maybe they think it is their son's investment and their son know what is good for it. But they keep tell me not to regret if price dumped, like when they said it is ok to hold because you think price is not good.

[moreblockchain]

This case is quite interesting, but a fundamental principle of business is to separate it from the family, the person who invests ideally must have control of their investment and make their own decisions and obviously be willing to lose that money.

In my particular case I always separate business from the family, because then it can become a real headache.

[airdnasxela]

It won't be a pressure even if your wife or girlfriend knew about you holding bitcoin if she understand you. She doesn't have to know everything related about Bitcoin if she's not interested but if she really loves him, she won't pressure him. Cause obviously, it looks like she just want or got blinded by money that's why she wants him to cash everything out.
If you don't agree with your wife you're free not to follow her. It's your decision after all as well as fighting with each other. If you will just explain to her why you can't cash it all out she might understand. And I don't believe that you shouldn't tell your partner about crypto. It's like you're keeping a secret to her... It's not good for a relationship.

[pixie85]

In the event of something happening, I'd still give half to her. 

what, even if she cheated on you with another guy, you'd still give her half? Don't say this is impossible, you never know with women

That would be up to to the court to decide. Usually even cheating partners get half of the stuff. It's different with children. The ones that are blamed for the destruction of marriage usually don't get them, but they still get money because what you earn during the course of marriage belongs to both of you.

[uneng]

I don't know how that particular fellow ended up but it got me thinking - for those of us with partners who are not into Bitcoin, have you ever had pressure put on you to sell it up and are they even aware of how much BTC you are actually holding?

No, because each one of us, in a couple relationship, have our own money to use and invest as we want as individuals, at least that is my opinion about this matter, I can't say for everyone. But it's very important to have autonomy with your money in a relationship to avoid conflicts like the one you mentioned.

There is a bigger picture here as well, with some people holding hundreds or thousands of BTC and the price continuing to go up - how might the court system view Bitcoin in the context of divorce and separation?

I think bitcoin would hardly be shared in a divorce, because it's not declared in most cases.
But if so, half of this amount should be shared with your partner, probably taking the current price on the moment of the court decision.

[DreamStage]

During marriage you sign a legal agreement from the couple.

Depending on that court follows it and bitcoin will be sancioned according with that protocol.

For instance if it was half goods for each other after marriage then it's split.
If is what belongs to each other after marriage stays with each other than that's it.

I believe that decision (from the wife rush on selling) was cause of point number 1 so she could win some immediatly as well in case that happen

[ChuckBuck]

I have heard a great saying, "never follow a woman", and another "The work of a man should not involve a woman". It doesn't sound good when I write in English, but in my native language, it's a truth. I won't say much about Bitcoin here, but we should decide for ourselves, listening is good, but listening is not allowed to be tied to coercion. How would that woman feel if one morning she woke up and bitcoin was going up? I am sure she will regret her decision.

[xvids]

Don't let the woman decide what you should do remember the very first time a woman decide something it gave catastrophe to human kind (Eve eating the forbidden fruit).
Just kidding you should know how to handle the situation tell her everything explain it to her I think she would understand it,
If not then I think that person doesn't really support you to grow or be successful on your own way.

[Artemis3]

Hello Folks,

I was listening to a Bitcoin podcast the other day and the speaker mentioned that one person had written to him asking for advice - his wife had heard about Bitcoin in the mainstream media and the price rise and was pressuring him to cash it all out immediately or she would leave him.

I don't know how that particular fellow ended up but it got me thinking - for those of us with partners who are not into Bitcoin, have you ever had pressure put on you to sell it up and are they even aware of how much BTC you are actually holding?

There is a bigger picture here as well, with some people holding hundreds or thousands of BTC and the price continuing to go up - how might the court system view Bitcoin in the context of divorce and separation?

It certainly raises an interesting point.

Thoughts?

Same thing as the State meddling in your life. Can you keep it secret? Then they will never find out. You cannot be forced to "split" something they don't know it exists in the first place... Indeed you could see it as a way to circumvent the law (in case of divorce). Perhaps its the same as keeping a hidden "stash" out of sight. Even if the law was amended forcing you to "disclose" your wallet, you could always have a hidden one. It is exactly the same problem taxation has.

Logically you would just split the thing and and tell your partner upfront that you will have your half used that way. Your own half should be also split (diversify) but that's another matter. And yes some people are simply not going to understand and even trust more media/others that know even less.

So that person should try to negotiate and cash only half and give that to her. That is usually what its done when an actual divorce occurs anyway, unless they signed that infamous pre-marital contract.

[cabron]

If she is your wife you gotta take care of her and provide her things she need and your kids. If you have to leave some BTC for her incase you think you'd be hit by a bus any moment, give her the access to your wallet. She wouldn't be your wife if you don't trust her then might as well just divorce her.  The court views all to be conjugal property so she has the right to own of what you have and I guess she can demand half the amount of BTC specially if you have kids.

[gmaxwell]

This thread is super-cringe and contributes to Bitcoiners looking like unlovable trolls.

You shouldn't be married to someone who isn't your partner-- if you are, you are selling yourself exceptionally short.  With a partner, you share both the risks and benefits: you expect your spouse to stay with you if things go poorly and you're struggling, so you should also expect to share if things go well.  A good partner aids you in many ways both direct and indirect, so it is hard to determine what a "fair share" would be,  but if 50/50 wouldn't be close enough to fair then it wasn't a partnership.

A partner is someone you can trust to support you even when the world doesn't, in good times or bad. They're someone you can seek advice from on gnarly situations you couldn't share with others. They're insurance against things going poorly and someone you can trust isn't merely with you for your success when things go well.

Maybe places outside of the US have really stupid laws, but in the US at least-- assets that were yours prior to getting married as well as inherhentences are not split in a divorce-- that would be absurd if you could marry a wealthy person then divorce them shortly after and take all their stuff.  A pre-nup should only be needed when their are circumstances like an illiquid business interest that would be damaging to need to divest in the event of an acrimonious divorce. Usually when I hear people online talking about prenups I'm left wondering if they're thirteen years old-- a "mine is mine" prenup wouldn't be enforceable anywhere in the US AFAIK and you wouldn't want one because if one party does make more they'd create a wealth inequality which would undermine any prospect of partnership.

Besides-- look at the volatility in cryptocurrency markets.  Handing over 50% of your gains to someone who shared their life with you is a small loss compared to the Bitcoin price rodeo.  If the separation with someone you loved isn't a much worse concern than the prospect of 'mere' 50% loss in gains, you're over invested and/or misprioritized.

[coolcoinz]

I agree with the above.

I'm married and I used to be wealthier than my wife before marriage, but we didn't sign a contract or anything. Think about it, wouldn't you want the mother of your child to take half of everything if you split up? Things happen in life, but you still spend years together working on the same thing. You build or buy a house together, share a car, what would you say if things have turned and she was to take most of it? It's always important to put yourself in the place of the other person.
Some of you say: what if she cheats? Good question, but what if you cheat? I bet you would still want that 50%, even if it was your fault.

I can tell you that people who come into a relationship counting money and saying this is mine and that's yours, end up alone pretty fast. Don't make your relationship toxic from the start. Worry about cheating and divorces when they come. If you keep thinking about it you'll just feel miserable and it will or will not happen anyway.

[kryptqnick]

I'm having a similar situation here. I'm so into crypto that my girlfriend thinks I'm not giving her enough time. She knows about my crypto involvement and she's Okay with it if I stay away from gambling. And she founds out everytime I lose high amount in gambling. It's getting difficult for me to balance my job, crypto and girlfriend all at a time. I just hope she won't fall for any other.

Since the topic was created in 2013, she was really wrong about selling out, and I hope that the husband cashed out in 2017  
I am in the minority here, I guess, 'cause I'm a wife with a husband who is not that much into Bitcoin. He's not a believer, and sometimes he can put some pressure about cashing out, but only mild pressure (like, trying to convince me to sell), nothing serious. Sometimes he just does not understand why would I wait to cash out later when there's a risk of the price going down, but we've been together for years now, and he's growing to accept my decisions about cryptos more and more.
However, if a family is in desperate need of money and there are some bitcoins, it's better to cash them out whatever the price is, 'cause money is not everything and satisfying basic needs as well as maintaining a good relationship is important.

[taufik123]

The most important thing is the discussion to discuss the best between husband and wife.
Maybe the husband did not provide an explanation of the bitcoin in hand.
I don't think it's ethical, just because it doesn't sell all the bitcoins asking for divorce.
Whether bitcoin is in their marriage agreement or not.
This is a discussion that makes me laugh out loud  . husband and wife problems involving bitcoin in it.
But sometimes a woman's words have a point and then we regret not listening to the advice given by our woman or wife.

[The Sceptical Chymist]

Address = Never Give to Wife  = courts don't know jack

LOL.  You're probably not married or you don't have a wife that's concerned about her husband's money--and I'll be damned if that isn't a rarity these days.  What you wrote would be sound advice if it were practical, but most married men tend to not have a surplus of funds in the form of crypto unless they have a really good job and can take care of their kids' needs and whatever the wifey wants with money left over to buy bitcoin with.

And as far as the courts go, they'll find your bitcoin, believe me.  And if it comes out later that you were hiding assets, forget about it.  You're toast. 

It's better to not get married anyway IMO.  Read The Jungle by Upton Sinclair and you'll get an idea of why men end up miserable and broke.  It's a great old book and it's still relevant to today's world.

[CryptoBry]

There is a bigger picture here as well, with some people holding hundreds or thousands of BTC and the price continuing to go up - how might the court system view Bitcoin in the context of divorce and separation?

In legal perspective, Bitcoin can be considered as an asset therefore when there will be divorce the same can be taken into half for distribution to both parties. Now, in the case of the story above, as long as both are still in marriage, I don't think it will be appropriate to pressure anyone to do something against his wish. The wife should not be interfering with the investment decisions of her husband as this can be a cause for differences.

[Baby Dragon]

Don't let the woman decide what you should do remember the very first time a woman decide something it gave catastrophe to human kind (Eve eating the forbidden fruit).
Just kidding you should know how to handle the situation tell her everything explain it to her I think she would understand it,
If not then I think that person doesn't really support you to grow or be successful on your own way.

Indeed because it is part of being in a relationship, you have to share your thoughts and let her explain her side in that way you can easily identify which is the best thing to do. If your statements are against with each other then make her realize that if you just make some decision without even thinking about the possible outcomes then you will just end up feeling remorse about it. Getting divorce isn't the answer to every problems particularly in this one, just like what they said communication is the key to make your relationship better. Maybe it's kind of difficult but if you don't want to miss the opportunity in the future as well as your wife then you have to make her realize it and your wife should understand your choices, she needs to accept and respect it because you have enough knowledge regarding it and you know the things that you have to consider before doing it.

[Astvile]

If not then I think that person doesn't really support you to grow or be successful on your own way.

This is the main problem in that situation, a woman who does not want to understand or support you in what you are doing is not deserving of your love trust me, man. A true partner will always support his/her other half especially if it's his/her passion.

[CarnagexD]

If not then I think that person doesn't really support you to grow or be successful on your own way.

This is the main problem in that situation, a woman who does not want to understand or support you in what you are doing is not deserving of your love trust me, man. A true partner will always support his/her other half especially if it's his/her passion.

I never Imagine that I'll be commenting on this type of topic which includes bitcoin and marriage but here's the thing, regardless of what it is gold, money, property, if one person really loves you then might as well that person will love you unconditionally. Bitcoin did really become a new economy class where value is the most important to the person rather than it being a means of trading it's kinda sad seeing a picture of it in a way we expect it the least.