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Coin owners afterlife

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Bitcoin, unlike traditional careers, has created millionaires from all walks of life, from serial entrepreneurs to former Olympic athletes,fund and, as of late 2018, was one of the largest institutional owners of cryptocurrencies.

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That means I can no longer use it.  But if I am going to die, I will sell all my assets for FIAT money, because in my family I am the only one who understands about crypto.  Even though I taught my brother about crypto, he still struggles to understand it.

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Tell your loved ones about your crypto investment when you’re still alive. Sharing your private key is one of the ways they can access your coins after you’re gone. Remember to leave instructions after revealing your private key. Otherwise, they might not know what to do with it.

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I thought about this very much in me. And unfortunately there is only one answer to this question. If you want to make those cryptocurrencies useless, you need to tell a family member about it and their wallet information with them. You need to share

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19 hours ago, wilbertson said:

We should have people who knows out secret keys  and wallet password so we will have peace afterlife.

i think people miss out on thinking about death because everyone think he is too young to die but we should all be careful and give the keys to a family member.

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Yes, I thought about it. No one will be able to benefit from what I have if he does not know how to access private keys. I suspect that private keys must be left with the will that is opened after death.

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I will try to move to another country until my old age, where the cryptocurrency will be considered the official currency. I will write a will giving my relatives the right to do whatever they want with her.

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3 hours ago, GanDuba said:

Be secured but let your family know about you. This will help in case anything happens. But, anything will not happen. But be at the safer zone. 

Like inheritance, we will not know what will happen to us. then it will be safer if there are relatives or family who know about your activities in the crypto world.

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I don't think anyone can call them whether they are alive or not. Usually, those who make crypto bitcoin and coins keep their identities secret. Other people regard them as coin owners. No matter who they are, no one lives forever. But now the price of each currency is much lower.

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I have the resources for that. And if an understanding person looks at them, they will understand everything. And in General why so radically because we are not going to die )

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The major problem which has been pushing off people from joining the crypto currency trading market is simply just the fear of being scamed, it this issue can be handled the more people will show interest 

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Frankly, I take my precautions from these matters and I will put my accounts in the forums and my account in the wallet inside my will so that my family's friends can benefit from the currencies if anything happens to me

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I'll just write a will where I'll write a secret key that should be given to a specific person after my death, that's all. I hope that by this time in my country the cryptocurrency will be accepted as a currency so that the person to whom I bequeathed it will definitely receive it.


 

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This is a very good thinking. But maybe to avoid these kinds of problems one user can convert his coins into money always. This will maybe give the other people less stress. So this is very important for a user to convert his money as soon as possible. Because if one dies then no way to recover passwords. So that is bad for a family. 

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On 4/5/2020 at 9:32 AM, dshuy20 said:

At least now I have an idea of what will happen to my bitcoin in case no one in the family knows There are 21 million btc in the cryptocurrency world and in this huge amount of btc.

Well thanks for appreciating it mate, i hope that you may used this tips for your own, just earned bitcoin right now and hold and also wait for a good value to get some profit from it. Happy posting.

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I have also thought about this what will happen to my coins  after my death as no one know about this and then i decided to teach these things to my dear ones so that my coin must not go in vain after my death

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On 10/31/2019 at 10:12 PM, hexwin said:

Did you ever think about what will happen to your coins after you die?

If you die and nobody knows your private key,
then nobody will be able to use your coins, even your family.
All your coins will be lost.

We may think we will live for 100 years, but we don't know that.

What is your strategy for this? What will you do?

Of course much better to have atleast one person whom you can trust about that thing. So there's someone who can get what you have been left. 


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I often wonder to think the same what would happen to the assets for the coin wonder once he died without sharing the information about his wallet. I think most of the bigger  investors do not share the wallet private key with the anyone else. 

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On 04.03.2020 at 11:57, Hammedisiaka09 said:

This is not a thing to worry about, since our laptop and phone would be having all our browser's history and also our saved passwords so it's nothing to worry about                                                                                                                                           

Anyway the people close to ut you know what I'm doing and what assets are available. I dedicate my family members to my work. Of course not on the technical side but on the financial side.

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14 hours ago, Jay8 said:

this is why you need to share this key information with your close partners so that they know of your money. just like any other money in bank

But do you forget that some of your friends are you worst enemies, because if they know you have money they can kill you before your time and all they need is your money only solution is to share it with your trust ines

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I will just write a will and indicate in it who I give the right to use my cryptocurrencies with my secret key, I hope by that time there will be no taxes on the inheritance in cryptocurrency.

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47 minutes ago, ComeBackIsrael said:

I will just write a will and indicate in it who I give the right to use my cryptocurrencies with my secret key, I hope by that time there will be no taxes on the inheritance in cryptocurrency.

Some people will forget to include their private keys and seed phrases in their wills and after they die, their coins will be lost in the network without being accessed by anyone. This is one of the reasons, a huge amount of bitcoins are lost each year. For this kind of people, holding bitcoin in paper wallets is better than online wallets because after their deaths, their families or relatives can easily access their keys to spend the coins. The other solution is to write private keys on a piece of paper, put in a locked box and use safekeeping services of the nearest bank in your area to keep it for you.

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You can give your personal details to some people that are very close to you, so that when you are not alive, there will be someone that will make use of it in a right way

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