Bitcoin, Spouses and Divorce

[BeManga]

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 agree the woman who really love you will fully support you in your ups and down

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[Clement Kaliyar]

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?

This is a really weird situation, why would anyone put pressure on your free will unless they made their plans to divorce a long time back and bitcoin can be a private invest if you had made those investment a few years back without the knowledge of your partner and when it comes to the court system unless and until you cash out the money there is no need for you to compensate with the amount of coins you are holding and it depends upon which country you are coming from.
I am not surprised to see many supporting to give the share when you are divorcing even with bitcoin, i can understand that sentiment.

[oktana]

It depends on how much his wife knows the amount of BTC her husband has.

I have a friend with a similar case, just a different view of BTC and could end up in divorce court. The wife will act as a witness, and her lawyer writes the details of the BTC assets which are considered as shared commodities. The court only wants to find out everything in Fiat's nominal to process the lawsuit, everything happens not so complicated.

[bitbunnny]

It depends on how much his wife knows the amount of BTC her husband has.

I have a friend with a similar case, just a different view of BTC and could end up in divorce court. The wife will act as a witness, and her lawyer writes the details of the BTC assets which are considered as shared commodities. The court only wants to find out everything in Fiat's nominal to process the lawsuit, everything happens not so complicated.

I never thought Bitcoin will be subject  of conversations in divorse theme, it's kind of weird. I guess the dealing with Bitcoin in divorce is the same like dealing with any other asset.
But if you want to hide everything from your spouse at the very begininig then either you count on divorce or you don't trust your spouse. In both cases that is wrong and it's not a good message.

[d3nz]

It depends on how much his wife knows the amount of BTC her husband has.

I have a friend with a similar case, just a different view of BTC and could end up in divorce court. The wife will act as a witness, and her lawyer writes the details of the BTC assets which are considered as shared commodities. The court only wants to find out everything in Fiat's nominal to process the lawsuit, everything happens not so complicated.

And that be critical in that case and we don't need to tell anyone even our own wife the total amout were holding because they might expect thay we are holding a lot of assets.

And for me i would only tell the total assets i am holding if will br cashing it out and spend it for the family and which is good i think.

[kaya11]

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?

As of now the ones who are telling me to cash out is my father, my wife doesn't care about winning or losing in traded. She supports me even if I fail this investment, so I think I have no worries about being left by my partner, an I am glad about that.

[Palider]

If you end up divorcing your partner for whatever reason it is best to prepare the hidden assets immediately because if this is their claim then you will have to make way especially with bitcoin mixers and other wallet with no trace of transactions in your main wallet. So that she won't have half your wealth, especially if you have no children.

[SiDtHeBeSt]

Lol this is like the first time I came across something like this. I don't have an answer to such a question because I've never came across such a situation earlier where my partner asked me to cash out and stuff after hearing something on media or wherever but I think it is that particular individuals choice wether he wants to cash out or keep investing and holding and not the partners choice. I would say is like the partner should respect the others choice and not force him/her to do something they don't want.

[makolz26]

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?

As of now the ones who are telling me to cash out is my father, my wife doesn't care about winning or losing in traded. She supports me even if I fail this investment, so I think I have no worries about being left by my partner, an I am glad about that.

Likewise mate, I  don't need to worry all the time as we are open for material things, we know what matters to us, we are disclosing our money to each other, we are honest and open all the time, so there is nothing for me to worry about it, besides I don't have any reason to leave my wife as we are bind together until the end.

[darkangel11]

It depends on how much his wife knows the amount of BTC her husband has.

I have a friend with a similar case, just a different view of BTC and could end up in divorce court. The wife will act as a witness, and her lawyer writes the details of the BTC assets which are considered as shared commodities. The court only wants to find out everything in Fiat's nominal to process the lawsuit, everything happens not so complicated.

I never thought Bitcoin will be subject  of conversations in divorse theme, it's kind of weird. I guess the dealing with Bitcoin in divorce is the same like dealing with any other asset.
But if you want to hide everything from your spouse at the very begininig then either you count on divorce or you don't trust your spouse. In both cases that is wrong and it's not a good message.

All assets ovf value can be a subject in the divorce. You obviously weren't in this situation. I know a lot of divorced couples and they really can turn their lives into hell by fighting for the smallest things like TVs, pets and furniture.
I see no point in hiding stuff you got in the course of marriage. It's best to come into an agreement outside of the court room or you'll both lose money on lawyers and fees.

[aardvark15]

My advice is to not tell your spouse much about Bitcoin or the price. I don’t ever talk to my wife about Bitcoin and she has no idea how much I have or what the price is.

[AicecreaME]

I've had almost the same experience but it's my family, they are always asking if I am about to cash out all the money that I have in cryptocurrency because I might lose it all or I am not be able to cash it out in time, they've said, and all I give them is a smile, as always, I've explained it to them why they shouldn't worry about it because I can handle it, thank God they are not asking about it anymore, they just trust me, I know that they are just worried because of the news about scams regarding about cryptocurrencies.

[johnwest]

I hope the OP doesnt see this thread right now because he had written this in 2013.

I think its different from person to person and on reason basis as there are some people who dont wanna sell their btc even when it reached 20k$ and some spouse may jump into the media hype and pressurize the partner to sell.

[fiulpro]

Simple , when your wife or husband asks " Do you have bitcoins ?"

You should just say " bitcoins? How do you spell it ? "
If they know you had coins just say

 " MAN , I LOST EVERYTHING IN TRADING , I MADE A BET, a bad bet "

Judge won't Trace you , they don't have that section yet.

[Mahanton]

Im not that kind of person who do really love on hiding something specially to my wife thats why she do really knows on what are the things ive been involved too.
The thing here is that she doesnt really care too much as long i do give out their priorities in life where shes contented and doesnt even lack on that they need.
Unless if you are hiding bitcoin holdings and you are experiencing financial hardship, then its just normal for your wife to talk about it on selling it out since she
knew that you are already earning and can be used it on your living.Divorce? Not a valid reason to take.

[betty11]

When bitcoin is rising, my wife tells me to sell some and leave the rest for the future, when the price finally falls without selling any position she gets angry and involve in game blaming. What I now do is to never show her price movement.

[enhu]

If you end up divorcing your partner for whatever reason it is best to prepare the hidden assets immediately because if this is their claim then you will have to make way especially with bitcoin mixers and other wallet with no trace of transactions in your main wallet. So that she won't have half your wealth, especially if you have no children.

Wont there be sanctions to you if you are traced to have some coins you deliberately hide from your partner?  You better be good in hiding it.

I don't have issues giving away some to my partner. Installed wallet to her phone actually and send some coins to it so she can buy something out of it like mobile data. In my country we can buy mobile data with bitcoin, from then on she knew how to use wallets. I bet she already knew trading since she was asking months ago.

After divorce, you and your partner will agree to how much is to be sent to her if you both knew how much exactly is in your wallets.

[mikehersh2]

I dont believe I could relate to this particular scenario... however this does raise an interesting question.
In the case of divorce, or any government process in which an individual's assets are calculated... how does bitcoin or other concurrency come into play?

We'll use the divorce as an example. Lets say during this process the man happens to hold a good amount of bitcoin, would that be calculated into his net worth, and therefore add onto the amount he owes his ex-spouse, lets say if in this case he was forced to give half of his assets to his partner. If so, how would that be transferred, would he physically have to send her the BTC, or the current market value of his holdings?

What if, in this scenario, the man never keeps a record or tells the gov't about his crypto holdings. The courts would have no way of accessing these assets or being able to trace them back to him... would they?

[bitcampaign]

there are still many women out there who can understand us as men, don't have to retain women who can't understand what men are saying, my woman never asked me to sell bitcoin or anything, because she knew I had given her enough cash so she didn't have to know about the bitcoin that I have, don't have to sue for divorce just want to force it to sell it, it looks weird

[isaac_clarke22]

there are still many women out there who can understand us as men, don't have to retain women who can't understand what men are saying, my woman never asked me to sell bitcoin or anything, because she knew I had given her enough cash so she didn't have to know about the bitcoin that I have, don't have to sue for divorce just want to force it to sell it, it looks weird

Meh. Sometimes you don't know what's gonna happen once you and your wife are in that stage of life wherein money is gonna be the most crucial part of your life.
I could keep hiding in trading Bitcoin and just put it in USDT so after my death, our children would be able to inherit all of it.