pixie85
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 27, 2021, 11:03:39 PM |
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They will be lost forever and add decrease the number of coins in circulation, making bitcoin even more scarce and more valuable ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Maybe my family eventually comes up with an idea o access my wallet. The password is going to be among my private things o hat if they are thorough enough they'll do it with ease. Frankly I hope to be able to spend all my coins before I die so I don't think about other people accessing my coins when I'm dead.
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Nunoluck
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 27, 2021, 11:27:03 PM |
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I already wrote all of my wallet data in a book, I don't wrote too much just a few emails and passwords that I use in exchange site and wallet data. I hope my family can access my cryptocurrencies. I think it will be good to prevent my cryptocurrencies to be useless. Before this I only safe my data in a device, I am afraid if something happen to my device then I can't access my wallet, I think it is good for me too..
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ene1980
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 27, 2021, 11:59:49 PM |
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Frankly I hope to be able to spend all my coins before I die so I don't think about other people accessing my coins when I'm dead.
This is how i am thinking as well, i am healthy and i do not think i will be dying while holding a lot of coins. I do not have a next of kin to take care of the wealth but if that happens then i will think about it, but right now i am healthy but i do have a back up of all the wallets and the passwords and the private keys are stored in a separate locker.
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CryptoStar19
Jr. Member
Offline
Activity: 70
Merit: 2
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 28, 2021, 12:04:48 AM |
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In the US as of recently there are custodial services that offer transfer of coin to next of kin in the event of death.
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Golftech
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 28, 2021, 02:10:29 PM |
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I will give the key to my wife, therefore I want my wife to have the same hoby as me i.e. trade and also know more about cryptocurrency, so that if one day I die, I do not lose everything, whenever my wife can take my assets. for the future of her and our child
Good idea if you can bring your wife to this industry and she shows that same interest for sure all your hard work will not be wasted in case time for you to go and live everything to your wife your family will enjoy those invested money and have a better life after..
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dimonstration
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 28, 2021, 02:16:05 PM |
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I will give the key to my wife, therefore I want my wife to have the same hoby as me i.e. trade and also know more about cryptocurrency, so that if one day I die, I do not lose everything, whenever my wife can take my assets. for the future of her and our child
It is a must that we must have someone who knows what we're doing as well how to access our account or if we have will that can do to explain how to access it. But it will be much better if we have someone who already into it and we trusted them to know our account since we don't if something happens so all our investments will still be accessible by the people matters to us than left it in our account till crypto gone which may not happen so soon.
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indo1
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 28, 2021, 02:55:12 PM |
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I will withdraw my assets as soon as possible when I am sick, when I really want to get out of cryptocurrency, I do not have many cryptocurrency assets, because it is difficult to inherit in the future, even if I tell trusted people about wallet access there is better I will withdraw everything.
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aysg76
Legendary
Offline
Activity: 1960
Merit: 2124
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June 28, 2021, 03:01:07 PM |
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In most of the cases when the person dies, his crypto would become useless if his family member do not know about his keys. I do not usually tell my password or keys to anyone and i know majority of the people don't do this. We are being taught to keep the keys safe. No one think that one day he will die and in that case, his family won't be able to use those savings (bitcoin/crypto) if they don't know the keys. Also people won't like to share keys with siblings or wife because they can misuse them . So what could be the solution to this The coins will be lost forever after you are gone from this planet and cannot be recovered by any hack and the supply of 21 million coins will be reduced by that much.Turn your Bitcoins into fiat and save them at some high price or the other way is to have trust on someone whom you love and is close to you and is not that much outspoken.You can give him the hold of your keys and seed phrase in an encrypted format and he can decrypt it at some point so that after you he can have the funds and enjoy his life.So it's better to share rather then wasting them and moving them out of circulation.
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clint25n
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 28, 2021, 03:35:57 PM |
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after our death maybe bitcoin will not be lost and we can still access it by giving a pin to our friends or family. because this business will still exist until we are no longer alive. maybe this is too much for us to discuss a post-mortem business. we still want our account to be as before then we have to give it to our relatives or familymaybe that is one of the right steps that we need to do for our account so that we can maximize it after our death
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lablab03
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 28, 2021, 03:37:37 PM |
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In most of the cases when the person dies, his crypto would become useless if his family member do not know about his keys. I do not usually tell my password or keys to anyone and i know majority of the people don't do this. We are being taught to keep the keys safe. No one think that one day he will die and in that case, his family won't be able to use those savings (bitcoin/crypto) if they don't know the keys. Also people won't like to share keys with siblings or wife because they can misuse them . So what could be the solution to this Uhm maybe the good idea for that bro is to write all your keys in a piece of paper and keep it in your wallet because surely when you die they will search for it especially if they all knew you were making money with bitcoin.. Or just make a note for them just incase what will happen. What i mean not your keys but a letter that will tell the direction where did you hide your keys so that they can access your bitcoin.. And it's up to you how to make it easier to find that note.. Because it's your family and you know more about them like how they really care on your stuff and etc.. So its all up to you where do you want to hide it.
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molsewid
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 28, 2021, 04:51:20 PM |
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They will be lost forever and add decrease the number of coins in circulation, making bitcoin even more scarce and more valuable ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Maybe my family eventually comes up with an idea o access my wallet. The password is going to be among my private things o hat if they are thorough enough they'll do it with ease. Frankly I hope to be able to spend all my coins before I die so I don't think about other people accessing my coins when I'm dead. The only thing that would happen if you die without any member of your family or even one of the closest person to you didn't access your wallet then your coin will vanished too. We all know already about it but what we don't know when is our call time. There is nothing wrong with enjoying the fruit of our hard work while we are breathing because we are all deserve to do it but we can't tell what would going to happen so in my case I am already wrote it in my data logs which as of now it is only me who knows about it but I am also starting to teach my younger brother about crypto.
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Coyster
Legendary
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Activity: 2142
Merit: 1285
Crypto Casino and Sportsbook
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June 28, 2021, 05:32:29 PM |
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I will withdraw my assets as soon as possible when I am sick, when I really want to get out of cryptocurrency, I do not have many cryptocurrency assets, because it is difficult to inherit in the future, even if I tell trusted people about wallet access there is better I will withdraw everything.
Not every death is as a result of a sickness, and not every death leaves signs that it's about to come, more often than not, it's an unforeseen event, which in such case, if you haven't made any prior plan beforehand your coins could be unused (lost) forever. I think it's much better to create a backup plan regarding your assets when you're gone, most prolly integrating one or two of your family or closest person into what to do when you're no longer permanently around, if you're waiting till you fall sick before doing something, you'll prolly lose your funds in case something bad happens.
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terrorJR
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 28, 2021, 06:29:37 PM |
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In most of the cases when the person dies, his crypto would become useless if his family member do not know about his keys. I do not usually tell my password or keys to anyone and i know majority of the people don't do this. We are being taught to keep the keys safe. No one think that one day he will die and in that case, his family won't be able to use those savings (bitcoin/crypto) if they don't know the keys. Also people won't like to share keys with siblings or wife because they can misuse them . So what could be the solution to this Honestly, at this point, I can't say where our crypto will be when we die. but I've tried several alternatives, namely: entrust it to a friend who is my profession so that if in the future I did then he can manage my property and give it to my family (with a 50% risk of being stolen by him) I leave everything to his trust as long as he knows me. and the second option is while I am still around then I will continue to teach my kids to get to know some crypto trading early on and he is now 17 years old I am sure he can manage my crypto legacy in the future.
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bekti3
Member
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Offline
Activity: 1078
Merit: 15
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June 28, 2021, 07:22:32 PM |
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because no one knows, so it's natural that no one knows your coin and it could really be lost if you die. Me too, because I don't want the confidentiality of my wallet to be exposed by anyone and I don't tell anyone the key, including my family. but i always make a small note on my laptop which contains all the keys from my wallet but just in case if i die my next of kin can still manage and atleast they continue what i am doing. but whatever it is, wallet confidentiality is still the main thing, don't let many people know so that your coins are safe
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randegibran
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 28, 2021, 09:24:28 PM |
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this is certainly.expected by many people but if the reality is so, then we can give the password to our family.or theclosest.people around us.because this coin.will always be stored in the account.and will never be lost even though we have died.because this coin.is permanent.and its security.is very guaranteed.for us.to keep it for a very long time, even though one day we have died.of course we will give the password to our family.because they are the ones.we can trust to manage our business
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NicNacCoin
Sr. Member
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PredX - AI-Powered Prediction Market
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June 28, 2021, 09:28:28 PM |
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Teach them how to crypto first (wallet access through seed/priv. key, storage, security and all other basics) while you're still alive. You can also find suggestions from this article - Prepare your bitcoins. For your heirs.Good to hear because every wallet has private access with keystore files, private keys, password and phases. So before my Death, I would give my password and phases to my relatives if they can restore my assets.
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Lanatsa
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 28, 2021, 10:19:54 PM |
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In most of the cases when the person dies, his crypto would become useless if his family member do not know about his keys. I do not usually tell my password or keys to anyone and i know majority of the people don't do this. We are being taught to keep the keys safe. No one think that one day he will die and in that case, his family won't be able to use those savings (bitcoin/crypto) if they don't know the keys. Also people won't like to share keys with siblings or wife because they can misuse them . So what could be the solution to this I do still have those kind of doubts on sharing out your keys and other those sensitive informations with your family members which i do fully understand. On this case i do still teach them about the basic about crypto and how to make access on a certain wallet or even teach on how to convert those into fiat and of course there would be some instructions inside on a sub drive on all the things they should know. You do tell them that in case you die then thats the time they would open those drives or make some will that they would only have access once you die and this would involved some legal actions.
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GeorgeJohn
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 28, 2021, 10:39:43 PM |
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This particular topic has been discussed here before and this is another format of it, shall base on your topics i will render my own opinion, base on the topic nothing positive will come's out after a departure of someone that owns the coin and also departure on Earth, the only way the coin can exist is a situation whereby the person's wife or husband have the Private key or seed phrase of the , diseased wallets ,but a process whereby no one knows the seed phrase of the wallet the coin can't be fine or transact with, so further more it's good to have a document whereby all the private key of cryptocurrency wallet have to be store or been intact in paper or file to avoid lost of life and lost coins in the wallet.
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romecheo
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 28, 2021, 11:08:50 PM |
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Everything will gone with him/her after his/her death, if she/he doesn't arrange everything the ways he/she wanted.
Some possible ways to ensure that their families or love ones will get or inherit every cryptocurrencies she or he possesses.
First: Train someone from their member to have knowledge how cryptocurrency works, teach them to transact, like transfer, withdraw or purchase using cryptocurrencies.
Second: Leave a video or links, which they can access after his/her death, of course, everything!
Third: Create cryptos wallet for every families she/he have, transfer amount of according to his/her wish, and don't forget to give the access/seeds plus instruction. No one knows when that time will come, what we all knew, death will come to us unexpectedly,
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stomachgrowls
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 28, 2021, 11:26:41 PM |
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Thanks for this one, I'm a bit curious about this too although I have no use with it because I am pretty sure that I won't be needing to do this when the time comes, I just like to have a good read. If you are really that selfish on not minding on sharing out or to be inherited with those coins that you had saved or accumulated then its your choice but its just a waste that those coins wont be used up by your loved ones or simply they would benefit out. Aside in talks about circulation then its just really a waste that those coins would be ending up on lost totally in void.So its a matter of personal choice though because there are people who dont really mind about inheritance. When it comes to my coins then i had already set out plans on that in case i do pass away.
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