Saving for your Children Bitcoin vs Cash?

[kumala_abi]

I choose to save bitcoin and cash. Because we dont know about the future. We must have two plan. So if one plan is not working we have one plan as backup. just in case should keep both.

We need cash at this stage in my country because cryptocurrencies are banned here and we are living here with disadvantages as we have to pay huge taxes on money related places and things. The crypto world has brought easiness for the whole world and is spreading all over the world, now I am waiting for the government to accept it after which I will keep for my children as well as I prefer crypto over cash.

although the government forbids bitcoin as a means of transacting, we can still get a chance to invest in bitcoin. while the government legalizes bitcoin, there will be a tax that we have to pay.

[zeaderza]

 I don't know what cash is good for. Any question with "saving for x with y vs cash" the answer is always Y. Saving cash is the stupidest thing. You can buy stocks, you can buy gold, you can buy bonds, you can buy real estate if you are rich enough However you save for your kid, do not save with CASH, cash devalues, save with something instead of cash. Which brings me to the topic, I would rather save for my kid with bitcoin than cash for sure but I would diversify and get a lot more than just bitcoins.

[winterland]

I don't know what cash is good for. Any question with "saving for x with y vs cash" the answer is always Y. Saving cash is the stupidest thing. You can buy stocks, you can buy gold, you can buy bonds, you can buy real estate if you are rich enough However you save for your kid, do not save with CASH, cash devalues, save with something instead of cash. Which brings me to the topic, I would rather save for my kid with bitcoin than cash for sure but I would diversify and get a lot more than just bitcoins.

And yet that is the way that most people save for their future, they save in cash not realizing that inflation is stealing the purchasing power from their cash and that it is going to be impossible to recover it and if for some reason things in your country get really bad your cash will become nearly worthless, I always say that to my family but they do not listen to me and they keep saving in cash.

[dunfida]

I don't know what cash is good for. Any question with "saving for x with y vs cash" the answer is always Y. Saving cash is the stupidest thing. You can buy stocks, you can buy gold, you can buy bonds, you can buy real estate if you are rich enough However you save for your kid, do not save with CASH, cash devalues, save with something instead of cash. Which brings me to the topic, I would rather save for my kid with bitcoin than cash for sure but I would diversify and get a lot more than just bitcoins.

It should really be elaborated further more or op just simply means out about Cash alone or might he generalize it all? I do agree on the fact that cash do possibly inflates and no one can predict on what would possibly happen on next years to come or on future. Saving up cash wont really give you assurance but it would be much wiser if you would diversify into those other assets that can generate income or money because it cant cause up possible problems.

[Soots]

I don't know what cash is good for. Any question with "saving for x with y vs cash" the answer is always Y. Saving cash is the stupidest thing. You can buy stocks, you can buy gold, you can buy bonds, you can buy real estate if you are rich enough However you save for your kid, do not save with CASH, cash devalues, save with something instead of cash. Which brings me to the topic, I would rather save for my kid with bitcoin than cash for sure but I would diversify and get a lot more than just bitcoins.

It should really be elaborated further more or op just simply means out about Cash alone or might he generalize it all? I do agree on the fact that cash do possibly inflates and no one can predict on what would possibly happen on next years to come or on future. Saving up cash wont really give you assurance but it would be much wiser if you would diversify into those other assets that can generate income or money because it cant cause up possible problems.

Bitcoin savings can do a great profit instead of saving cash for your childrens. The cash being stored at you bank savings was only having smaller inflation rates, then everything turns out worthless. But with digital currency, although its volatile in the marketplace it do give us much higher chances to enjoy it potential growth to double your money no or even tripled. Although we can't predict, at least your investments has a very good meanings for the future of your family.

[LuciferEveningStar]

Like every parents want to leave something for children for their future.

Which investment is safe?

Bitcoin?
Stocks?
Real Estate?

I prefer bitcoins because it was more affordable rather than real estate while stocks will not make you rich because the growth in the market is very slow.

[michellee]

I choose to save bitcoin and cash. Because we dont know about the future. We must have two plan. So if one plan is not working we have one plan as backup. just in case should keep both.

We need cash at this stage in my country because cryptocurrencies are banned here and we are living here with disadvantages as we have to pay huge taxes on money related places and things. The crypto world has brought easiness for the whole world and is spreading all over the world, now I am waiting for the government to accept it after which I will keep for my children as well as I prefer crypto over cash.

although the government forbids bitcoin as a means of transacting, we can still get a chance to invest in bitcoin. while the government legalizes bitcoin, there will be a tax that we have to pay.

so far, many governments are not prohibited about bitcoin, and I think we can still use bitcoin for making money. and I will again save bitcoin and cash because I use bitcoin for my investment that I can sell it anytime, and money is for my living so I can buy something in my real life. without cash, I cannot buy something, and without bitcoin, I don't have any investment in my future. so both bitcoin and money are essential for me now, and I want to collect as much bitcoin and cash for my future.

[cold cool]

Storing BTC for children is as important as cash. BTC is a speculative product for long-term investment. If BTC is sold in the future, the price of BTC may increase by many times.