Investing in bitcoins for future kids

[secretgirl]

When BTC reaches $30,000, buy some so that in about 10 years we will know how profitable it is and will ensure your profits are more stable.

I think this is a reasonable thought. When I have more money, I will try investing for my children. I will buy bitcoin and not trade it. but i will keep it and sell it when my kids grow up. I am sure that what I do will be profitable in the future.

[pinoycash]

When BTC reaches $30,000, buy some so that in about 10 years we will know how profitable it is and will ensure your profits are more stable.

I think this is a reasonable thought. When I have more money, I will try investing for my children. I will buy bitcoin and not trade it. but i will keep it and sell it when my kids grow up. I am sure that what I do will be profitable in the future.

Its going $29,000 now. I guess it will further go down because investors are afraid they might loose more with this dump. But wise investors will surely take advantage on this price to accumulate more. Lets just keep watching and see how this dump will unfold.

[AicecreaME]

    As a form of investment, many are buying cryptocurrency in smaller quantities and saving for their kids in the future. With the continuous rising and falling of the currency and the volatility of the market, how do we know the coins to buy and save for future use or is it a waste of money.
     Need your thoughts on this tho'...

As you have mentioned, cryptocurrency is volatile. It's really uncertain if the coins we hold today are still of value in the future. Remember, bitcoin is a speculative asset. However, if you really want so bad to have crypto as your investment for your children, then you should take a look at the chart, read some articles, and study the coins fundamentals and history. That way, you can smart guess what would be the status and potential of the coin you are thinking of investing in.

In addition, I suggest you add another investment vehicle for your kids and not just rely on crypto. It's still better to diversify than store all your funds in one asset. You can put it in other investment vehicle that you trust to work and earn for the long term. There are many other investments that are safe and could generate nice interests after a span of time.

[clint25n]

the best thing to do for the future is one of them is to buy bitcoin, this is a very useful investment for a long-term process, moreover this is the lowest price point to buy as much as possible don't sell it in a short time, if indeed the price is not stable we can also save it if the price doesn't match what we bought.Because the potential loss is very minimal in a bitcoin investment. As long as it can still be traded then the price will certainly go up and down, it's up to us to decide for the buying and selling process for that price

[S4VV4S]

    As a form of investment, many are buying cryptocurrency in smaller quantities and saving for their kids in the future. With the continuous rising and falling of the currency and the volatility of the market, how do we know the coins to buy and save for future use or is it a waste of money.
     Need your thoughts on this tho'...

Strategize properly , not all coins are bad . Choose a coin that has a good future. Like ETH for example. He was when he went down but could come back up again steadily and quickly. I've been holding this coin since the price was around $200 and now I'm reaping the rewards of my investment for several years. So if you want long term, choose a coin with a better future and keep analyzing.