Save you Bitcoin for your (grand) child / children?

[coinoclock]

I'm already saving a fair amount of money for my children and grand-children, assuming that I get that far, mostly because I believe that a legacy s more important than just having a number there and available whenever, and giving your children or whoever a head-start is a pretty big bonus for them and it can help them out a lot. While you should spend some money on yourself, the future is important.

do you already have children/grandchildren? it sounds like you have an account, where you save money for them and this is the only reason for the account.
is it one big one or do you save for every child separately? what about different amounts? hoe do you know if there will be more or how many you will have?
i like the idea, maybe i start this to.
 

[bravehearth0319]

Bitcoin is a long term project. Therefore it makes sense to save small parts over a long horizon. Do you save Bitcoins for your (grand) child or children?

For those who do not have (grand) children (yet), would you save Bitcoin for them if you would have (grand) children?

That's was a nice question and to be discuss in, I do everything in my daily life now just to earn bitcoin for some other reason, which I can accumulate small amount of it to save and hold it for the long term that I can  give savings for my future family especialy to my kids and grandchild too.

[bravehearth0319]

I'm already saving a fair amount of money for my children and grand-children, assuming that I get that far, mostly because I believe that a legacy s more important than just having a number there and available whenever, and giving your children or whoever a head-start is a pretty big bonus for them and it can help them out a lot. While you should spend some money on yourself, the future is important.

To all member's who commented in this question your answer is the best choice that I can follow it too. It doesn't matter if you have a children or not even a grand a child but yours idea was a unique one which I really like to do it also. I can say that your really a bitcoin veterans. Thanks to you pal!

[dearbesz1219]

Bitcoin is a long term project. Therefore it makes sense to save small parts over a long horizonI . Do you save Bitcoins for your (grand) child or children?

For those who do not have (grand) children (yet), would you save Bitcoin for them if you would have (grand) children?
[/quote

I am really doing it already saving bitcoin for my family in the near future. I do believe that one day bitcoin will rise up at the price we did not expect. So every time I earned bitcoin I separated small amount of satoshi and keep it to my wallet to be safe and secure. Aside from my personal savings this thing is a good one that bitcoin thought me which I never did it before during the time I was employed.

[dearbesz1219]

This is simple and easy to do. It's what I am doing for the grandchildren.
I have a different paper wallet for each of them, and every year I add some dollar worth of bitcoin on their birthdays 

That is really cool man. your grandchildren will be surprise when they know you saved lots of bitcoin for them in their every birthday. I think it is all our responsibility to save some money and give our grandchildrens a good future what we didn't get..

thats not a bad idea but i am actully 18 now and i don't think that i should save anything now for my grand children or grand child .i am not capable to apply for a job till now first i should complete my education and bitcoin is helping me a lot on this

of course this thing is not for you.. you should focus on your own future first.

Wow! your only 18yrs.old, that's cool at your very young age you became open minded into this kind of opportunity. I saw that you will take a long journey here in bitcoin world and became one of the succesfull bitcoin enthusiast in bitcoin community. I also like the idea of the above. I'll do same thing also.

[PacePay]

I may save some to give them later on but nothing grand, my plan is to earn as much as possible everyday, sell the large portion and save around 5-10% from everyday and hold it untill the price jumps

You should have to hold for your grands, it is not bad that you hold your bitcoins till your grands be able to be the part of world economy with that they will love you as you will be the person who have gave them something for making their future. I think we all have to save some good amount of coins for our grands.

[Youresioure]

I think, it makes sense to save a small amount for my grandchildren. I never spend all BTC from my wallets, I always save some that I'm not using, just keeping. Sometimes I'm broke and I'm happy to have it and sometimes I'm happy to think that when I can't be broke anymore, my children and grandchildren will have it.

[Osarman]

i do not think bitcoin users save their bitcoin for grand child or children bitcoin, i think anyone do not know that what price will be bitcoin low or high in the future.

[0day]

I may save some to give them later on but nothing grand, my plan is to earn as much as possible everyday, sell the large portion and save around 5-10% from everyday and hold it untill the price jumps

You should have to hold for your grands, it is not bad that you hold your bitcoins till your grands be able to be the part of world economy with that they will love you as you will be the person who have gave them something for making their future. I think we all have to save some good amount of coins for our grands.

Yeah, that is right, we should have to save some coins for our new generations, and have to support it more so that our new generation find it amazing with some coins which will be the global currency and will have a higher value.

[bitbunnny]

Maybe our grandchildren will think Bitcoin is oldfashioned.  Who nows what other "miracles" will be invented or developed by then, things are moving forward so fast.

[ajun96]

i do not think bitcoin users save their bitcoin for grand child or children bitcoin, i think anyone do not know that what price will be bitcoin low or high in the future.

I think we will not know the future of bitcoin itself? so I thought why should we confuse to save bitcoin for our grandchildren? if bitcoin survive. I certainly would not give bitcoin freely on them. they have to work hard to get their own bitcoin itself

[dihari]

Good to know there's so many people believe bitcoin will still exist for 10 or 20 years.
But i think, if peoples with huge amount just saving their coin, it doesn't move the price to increase. Just trade it.

[cjmoles]

I'm not sure if bitcoin will be around when my grandchildren are old enough to take advantage of it.  Technology advances at an exponential rate and in 20 years we might not even recognize the advances made.  Innovations are going to occur that haven't even been imagined at this point, so I think it's best to keep pace with technology and be prepared to maneuver assets into the most promising ventures.

[Rubberduckie]

It's definitely a good idea.

I'm thinking about giving my niece and nephews and daughter paper
wallets of small amounts along with their gifts. (.01) each nothing big
but something they can hold onto and maybe it ends up being more than
$6 one day.

Figure it's not much now and something they can follow and get into bitcoin.
As long as its just on the side with their video game or whatever I figure
they can't get mad about it heh.

[bravehearth0319]

This is simple and easy to do. It's what I am doing for the grandchildren.
I have a different paper wallet for each of them, and every year I add some dollar worth of bitcoin on their birthdays 

That is really cool man. your grandchildren will be surprise when they know you saved lots of bitcoin for them in their every birthday. I think it is all our responsibility to save some money and give our grandchildrens a good future what we didn't get..

thats not a bad idea but i am actully 18 now and i don't think that i should save anything now for my grand children or grand child .i am not capable to apply for a job till now first i should complete my education and bitcoin is helping me a lot on this

of course this thing is not for you.. you should focus on your own future first.

Wow! your only 18yrs.old, that's cool at your very young age you became open minded into this kind of opportunity. I saw that you will take a long journey here in bitcoin world and became one of the succesfull bitcoin enthusiast in bitcoin community. I also like the idea of the above. I'll do same thing also.

You are definitely right also,  you should prioritize your study before anything else, and its good to hear that bitcoin is one of the tools for you to sustain all your needs and expenses to your studying. I do believe before you come at the stage of your graduation, you save a lot of satoshi/bitcoin in your bitcoin wallet.

[bravehearth0319]

Good to know there's so many people believe bitcoin will still exist for 10 or 20 years.
But i think, if peoples with huge amount just saving their coin, it doesn't move the price to increase. Just trade it.

In that case you have a point, while waiting we need to trade to multiply our bitcoin in different exchange platfrom and we can do invest some another(altcoin) which we think is potentialy will increase in the long run. besides nothing to loose if we buy/invest in small amount of price in satoshi. 

[OROBTC]

I'm not sure if bitcoin will around when my grandchildren are old enough to take advantage of it.  Technology advances at an exponential rate and in 20 years we might not even recognize the advances made.  Innovations are going to occur that haven't even been imagined at this point, so I think it's best to keep pace with technology and be prepared to maneuver assets into the most promising ventures.

Yes.  While I too like the idea of saving and then giving BTC to my kid (and perhaps later grandchild(ren)), it might be smart to put it large amounts of BTC away for them. 

Already Bitcoin technology may be on the verge of making some older wallets obsolete, and the newer HD wallets do not allow Private Keys to be imported (so OPENDIMEs may not be able to "send" their balances to HD wallets, ugh).

It is probably very smart to be monitoring rather closely the technology changes to make sure that anything you do NOW will still be valuable LATER.

[dunfida]

Good to know there's so many people believe bitcoin will still exist for 10 or 20 years.
But i think, if peoples with huge amount just saving their coin, it doesn't move the price to increase. Just trade it.

Many people have  high hopes for this project to last long  in upcoming future years especially to those  large holders of bitcoin. You have a point as of now they must  trade those  coins  so that the price would increase because  holding those coins for so long wouldnt contribute to increase it price.

[blackmachinegun]

i do not think bitcoin users save their bitcoin for grand child or children bitcoin, i think anyone do not know that what price will be bitcoin low or high in the future.

yeah you're right I did not keep my bitcoin for my children and grandchildren. because I myself think that is it bitcoin could last until decades later? I think no one can be sure that it will happen? so just to prepare and guard I always convert my bitcoin to fiat and I'll save a lot of money for my children and grandchildren?

[serjent05]

i do not think bitcoin users save their bitcoin for grand child or children bitcoin, i think anyone do not know that what price will be bitcoin low or high in the future.

yeah you're right I did not keep my bitcoin for my children and grandchildren. because I myself think that is it bitcoin could last until decades later? I think no one can be sure that it will happen? so just to prepare and guard I always convert my bitcoin to fiat and I'll save a lot of money for my children and grandchildren?

Lol it is not an excuse to spend all your earning from bitcoin into something unimportant.  If you think about your children or grandchildren, and want to save for your kids, I agree you can convert it to fiat and save it.  But if for now bitcoin is  so trendy that it always increase in price, you can just keep it for a while then convert it at its peak price.