Bitcoin Forum

That's the max that I can afford at the moment (I'm 22) but I want to save it on a wllet of paper and give it to my sister telling her to keep it safe and that we will give it to him when he is 18 years old. Do you think is a nice idea? :D

I've read a lot of posts like this about people doing similar things in the past. It's definitely a thoughtful gift for your young nephew, especially if he gets fond of blockchain or technology in general  in the future. Go for it! Just remember to have protection for the paper. Probably laminating it yourself would be good enough for a little bit of water-proofness.

And also, make sure you know how to make a paper wallet securely. You definitely wouldn't want your 18 year old nephew in the future scanning the QR Code and realizing that the BTC was moved out a decade ago, by someone that's not you.

You have a good vision with your nephew because you are thinking of her future. Now you just have to be complacent because if you give it that's really not going to be lost and it's okay. It's been a long time since it was once used to discover that bitcoin would be fun. But it would be nice if you just have a copy just incase to lose it and make sure you do not use it at the time of your squeeze because you've shared it with your nephew.

Thanks for your advices, I really want to do it thinking on how happy I wolud be if somebody have done something similar for me 6-7 years ago o.o
Do you think 0.01 BTC it's enough? I really can't imagine how much could it value from 15 years to now

I think that's more than enough, you have good intentions and I'm sure your nephew will be happy with a gift that you have prepared in the future, 15 years is a long time maybe the gift will be worth $ 10k

You could do that since 0.01 btc is quite affordable right now. So if something happens, you wouldn't losing much to be honest. But do keep in mind that you will need to securely create that wallet and make sure nothing damages the paper wallet. Better to make some other sorts of backup just in case. And if everything goes fine, i guess the 0.01 btc will worth a lot in 15 years.

Wow, it is nice idea. This may be nice present for him. But I want to tell you that you should buy him another gift at the same time, because 4-years old boy, probably, won't understand your piece of paper  ;D

P.S. To avoid losing this btc, you should create kinda back-up procedure.

It's great. In my opinion every one who know cryptocurrencies, should hold some amounts of bitcoin or other cryptocurrencies for future. That might not worth much today. But it can be very valuable in the future. You are make this great investment for him. He will be thankful to you in the future.

I think it is the best gift for your nephew. I was planning to do it to my younger sister. I wanted to give her the same amount of Bitcoin, if she passed the medical admission exam. I think after one year 0.1 BTC Price will be pretty good. We are now a permanent crypto member, we should use the crypto-coin in our practical life even between family. My parents don't know how can I earn money, But I will give them money and will tell them the truth. So, you took a great decision, and your nephew will be very happy when she will know about the value of 0.1 BTC. By seeing you i am again encouraged to do it. By the way, you should take care of that money in a secure wallet or in a paper.

Of course man, maybe the paper wallet isn't enough for him at the moment ahah need to find also another little thing, thanks guys you have encouraged me a lot

That's  is a good idea you can make, your thinking the future of your nephew, that  is the best gift to your nephew in his life.

Its a nice gesture, but isn't almost as if you just throw all of that money away since the kids won't use the coins in the market for multiplication?

I suggest to make a backup copy of the paper wallet and store it yourself in case the gifted wallet will get lost in the future. There was a thread about this on reddit and in turns out a lot of people who received paper wallets as a gift or a tip in early years have lost them because they didn't even think that someday it can be worth a lot. And then one guy told his story how he made a copies of the wallets that he gifted to his family, and when most of the members told him that they have lost them, he surprised them with copies.

    You have a generous heart. That is one of a good deeds that a better person like you can do for his nephew. And since your nephew is too young to understand the bitcoin much better to keep it safe and back up it for security until your nephew was in a right age to use and understand bitcoin.

Just add a little bit from it like giving him 0.02 BTC instead of 0.01 BTC. At the very least, I can say that it will either be worth ten times more or greater than it's worth now or it will be worthless in the future because of unforeseen factors. Either way, just the thought of it being planned now will surely make your nephew happy when he becomes 18 years old in the future.

Being young that you are and unselfishly thinking about the welfare of your nephew is quite admirable. Thinking about blessing others before oneself attracts more blessings upon you so that you can bless more people. Paying it forward does work! Because of this attitude, great things are coming to you.

It is a very precious act to gift a bit of Bitcoin to your nephew. It can be an example to many crypto investors. When your nephew grow up, it will be great to know that you thought of future.

Go ahead and give him, when he will be 18 year old the worth must have grown so huge that it will be use to sponsor him through High school

it's a good thing, but a 4 year old kid does not understand the currency, and you must give it when your nephew is 18 years old, so if you make a transaction on paper now, that's not a good idea. I am afraid the paper will disappearing or broken.

so, you better give him a safe wallet and then fill it with BTC.

thank you all for the nice words you have spent for me, I am confident that one day I will read all these messages knowing I made the right choice. if you were to recommend the best security paper wallet which one would you choose? obviously I would also do digital backup

Nice and what a very generous uncle you are. He may not be aware of what bitcoin is today but after the right time, he'll value it more than what he has soon.

Yes, although you have given it to your nephew still create a back up for yourself so if ever it was accidentally lost you can recover it easily with your back up.

Execute what you are thinking, everyone's agreeing with you.

0.01 bitcoin is not good amount I think because even the price of the bitcoin increase very high he can get only some profit. And possible to bitcoin after few years become very low the price of the bitcoin or become die.

Hey. You're only 22. and you just said that 0.01BTC is the best you could give right now, so there's definitely nothing wrong with it. That's still a decent amount right now that could be significantly more expensive in the future, since that 0.01BTC is going to sit for more or less 14 years. That's a pretty long time. That 0.01BTC could be worth multiple digits in the future(or worth almost nothing, depending on how BTC goes).

Well it's a good idea.
But make sure that even if you're saving it on a paper wallet, let it be secure from any theft or any well internet user who might scale away with the paper.

Moreso, who knows the 0.01btc that you're offering your nephew today might worth 2btc whenever you get to it back sooner or later. That might really be a good investment

Thank you, with wich site do you advice me to create the wallet? (Up to now i have always worked with exchange)
The only important thing is that it's safe and that it let me to print a paper version of it

Why not give to your nephew real money, but its a good value that you give anyway.

Because if I gave him 60 dollars now (0.01 BTC) from 10 years I think there will not be be trace of  them, even if I bought really something special
But those simple 60 dollars at the moment when he'll be 18 years old could be something really really interesting ;) he can't understand now but it's very smart and like technology I'm pretty confident that one day he will thank me :D

0.01 is bigger in the future, you have a good idea, but if you think of giving the private key in the paper only the wrong thing . In 4 years old children they are still nasty and curious. they might just be able to play the private key.

It's a great idea for you to be very loving to your children. It's not a lot of money, but it can cultivate the children's awareness of the world, and help them to know the world.

it may be too early to give BTC to your nephew, waiting until the age of your niece is 18 years old.
I guess that's a very long time, for 18 years are you sure if bitcoin will still exist?

That's a very good idea, do it now. I support you, we do not know 14 more years what will happen to bitcoin, if bitcoin price high your sibling surely must be happy :)

It`s definetely good idea. Your nephew is to win a small but good chance

Not a bad idea, but maybe you could save the address of that wallet so you could add a bit more to it in the future.
Would be great if you add some more on special occasions, you might not have too much disposable income at the moment, but that should change.

I hope it :D now I have only to create the wallet and putting them the 0.01 BTc, where do I have to create it? I would like to have a 12-words-key password if it's possible so thus I can decide the words that are related to my family and one day I will give him the password ;)

- I feel the opposite of you, it's not an interesting idea, his nephew will not be able to understand bitcoin and can not use that 0.01btc in a useful and perfect way, he can give his nephew more interesting toys, instead of bitcoin. You should not rush to deny my opinion, in the future is something that we can not predict, bitcoin has continued to grow or collapse is a difficult thing to say, many people have had similar thoughts to you and I can clearly see the fear, even their shock when they look at the price of bitcoin right now, there is no evidence that bitcoin is forever or future

That's nice of you being an uncle but I don't think if that would be a great idea since you have mentioned that your nephew is just 4 yrs old. Well giving it to him is a good thing but how can he evenre make it grow? You have a great idea but it's complicated it your case especially your nephew is not yet aware of the systemtime. My advice for you is to make it grow first then give him some soon.

This idea is so great and just shows how loving and generous you are to your nephew. But looking at the big picture I don't think that it will be possible now because you just said that your nephew is just 4 yrs old. Maybe the better thing that you can do is to make that amount grow and when times comes that your nephew is old enough then you can already give it to him.

whatever you want.
I think you can give him what he needs for now.
and it would be nice if this discussion is more on productive things that build or share knowledge.

Probably that was a good idea and I do salute you for that. Thinking that in your younger age you've already think what will be the best thing to give to your sister and it can she possible using it in the near future yo have her a better life. That is really a good decisions and hopefully you will succeed to your plan. Just be careful and be much smarter yo put that in the proper and safest place so your effort won't be wasted.

If I were you, I would not be in a hurry, but would collect a little more, at least 1 BTC. After all, there is no urgency to make a gift right now, so the more you give, the more pleasant your nephew will be. I consider you a very reasonable and generous person.

I see your idea very well. Now 0.01 BTC is not worth much. But maybe 14 more years 0,01 BTC will be valuable. something very meaningful to your nephew

yeah it seems a very good idea and if btc in future becomes the global currency than the 0.01btc would worth too much and maybe your nephew would become rich at 18 and thank you everytime.

You should realise that giving something to your nephew must be calculated and weighed. those are personal issues that you should be able to handle yourself. If I have to give my nephew 0.01btc, I would go ahead and make him happy by giving him the 0.01btc and a bonus 1btc! That way he knows for life who set him up to early financial freedom

0.01 Bitcoin may not mean so much now, but one can only imagine the future possibility.Imagine 1 bitcoin become a million dollar in 10 years time, 0.01 btc will be a lot legacy for a child then.

Good uncle here spotted  ;D this is a really thoughtful gift of you. He'll be really lucky if its value is so high when he turns 18. Just keep that paper secured and you're good to go.

When he was 20 years old, 0.01 BTC should be worth thousands of dollars, which should be the biggest gift he got as an adult. I really envy your nephew.

I think it's a good idea for your nephew future. I am sure this gift for him will be very helpful when he become 18 year's .l am very happy  & proud to your great idea.3

0.01 in the next 5 years would be different. So you're thinking about his future on that price. I would glad if those Bitcoin will reach 1million per bitcoin. You're newphew will retire early at the age of 10 years old lol

He's a loving uncle and I hope he's one of my relatives that are in crypto but sadly, no one has ever get interested to it in our blood line but only me. It's okay if his nephew is young, like the 0.01BTC that he'll give is also young so until it grows together with his nephew the value will also grow.

You will love to see it growing.

His nephew doesn't need to do something to grow, it will be stored on a paper wallet so there's no need to worry about that.

It is like an inheritance.

Yes, yes very good idea your Nephew will thank you later cos it has the potential to be worth much more as years goes by.

Thanks guys, the only problem is that I'll have also to explain to my sister what a paper wallet is and how much important it is :D she is a biotechnology but I'm sure I will take it a little bit of time to explain it ahah but no matter if she will undestrand or not, one day she will be conscious that this was maybe the best gift he will ever receive ;)

This is great and meaningful when you decide to donate 0.01BTC as an item too. If you write in a private key, I suggest you put the paper in a glass jar and bury it in the ground with your child. And say we will exchange it when he's 18th birthday.

Dude man, this ia a great idea, maybe i could made a little, SHORT treasure cruise for it (thinking he would be a 18 yeard old guy I hope he will have also other things to do that day ahah) and at the end he will find the glass jar with the wallet inside :D fucking memorable ahah

I wish i could no your reason for doing this but be it as it may i think it is a right step at the right direction, by this you have automatically enrolled him into crypto family which is a plus to our big family.

Keeping bitcoin in a longer span of time as history proves.. a huge profit.12 more years were not too far for bitcoin to live long and i think it was such a great idea of saving it for him.I just thought that at a younger age theres a chance that he will be aware of the creation of high technology,the blockchain technology and probably he will become interested with it,most especially that he already owns bitcoin in an early age.

They won't be thinking much about it in the long run since they don't delve in cryptos like you do. IMO, it's best if you just keep it and give cash to your nephew. When he is 18 yrs old, and bitcoin price is hopefully high, then you can give him the 0.01 BTC. I think he would be happier that way.

I think this is a good idea though the value of bitcoin is currently relatively low probability of 0.01 btc in the next 15 years to come 0.01 btc is very meaningful but you have to remember is to keep it in a really safe place so as not to waste -drain.

Its a good idea plus a greatest gift for your nephew.0.01 is enough money and since you're giving it after 15 year so it become double and triple.I believe everybody will be using bitcoin after 15 years .I my self save some coins for my son and i believe it will help him when he reach in university level.

It is a pretty nice idea to gift your nephew some bitcoins as he will also learn about some investing and also will be having an example on how a small investment can give tremendous returns in the future but you must make a backup of that wallet as it's pretty easy to loose a paper wallet if not kept safe and there have been times when the people have lost their printed paper wallet in some place like in their old table which they have thrown and also they lost their digital wallet in a hard drive.

Do you know many people with several thousand dollars ready to be thrown at something that won't be tapped for many years? I don't. Unless you bought one in the $200 range it's not going to happen.

This is a cool gesture that might be a nice bonus some day and that's how it should be treated by the person providing it too. No point in wiping themselves out.

Wow nice idea... I hope that it will multiple by many times until your nephew reach at age 18. It's a good gift for him to build his future in a right direction.

Just remember to protect the paper. And besides, make sure you know how to make a wallet safely. You have a good vision with your nephew because you are thinking about her future. It has been a long time since it was used to discover that bitcoin would be fun.