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Author Topic: Save you Bitcoin for your (grand) child / children?  (Read 36298 times)
Dr.Famous
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July 14, 2016, 02:18:58 AM
 #21

Maybe i will be saving 10 Bitcoins for the future, a paper wallet at the safest place i can ever think of.
Hope those 10 Bitcoins will help my family from any problem in the future.
But i also think, at that time there will be something new and cool than Bitcoins.

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July 14, 2016, 02:24:34 AM
 #22

I am still bachelor so i even dont have to think or save for my children. I am currently saving for myself and my family but not saving all i have in bitcoin. But i also agree saving bitcoin for long term like for decade could be so much profitable considering the growth bitcoin got in last 4 5 years.

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July 14, 2016, 03:15:37 AM
 #23

Bitcoin is a long term project. Therefore is 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?

Its a good thinking and that is what I am doing right now saving some of my bitcoins for my old age and for my grandchildren. At this point I am also mining cryptonotes using my cpu. Its the best time to mine cryptonotes as its value will be higher during our old age. you can pm me for the link if you want. As for the moment it is wise to save some bitcoins for the future.
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July 14, 2016, 03:22:24 AM
 #24

i guess not. coz we dont know yet what would happen to bitcoin. its better to use them to build up your future so that if ever your gonna have a grandchild.. they can have what is yours. not your bitcoin.  Grin
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July 14, 2016, 03:26:10 AM
 #25

Bitcoin is a long term project. Therefore is 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?

after i read this thread, now im interesting to create new paper wallet for my grand child or children, maybe i will give 1btc for each my grand children..

it's nice idea..

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July 14, 2016, 03:33:36 AM
 #26

Bitcoin is a long term project. Therefore is 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?

i really to save bitcoin for my child, grand children, just in case bitcoin is still online and maybe they can use it and they still remember that their great great grandpa still leave something for them and they will remind that their grandpa was a hero for their family.

and if bitcoin will disappear on online, i think my great great grand children will know that in the past there are bitcoin which the famous cryptocurrency than they knew. i think this will be a great story for our decendants in the future.

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July 14, 2016, 04:04:24 AM
 #27

I have no plans of saving Bitcoins for my children or grand children but I plan to give them one my unfunded physical Bitcoin as an heirloom specially those silver coins. It looks very good to passed down to generations. I already have a silver wallet, planning to get another one or two more silver wallets.

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July 14, 2016, 04:13:08 AM
 #28

No I don't have plan for that. Its only for me if I had still bitcoin when my grandson born well that's good.but they need to work by their own to have money I don't give it for free even its for my grandson .I don't want to teach him to be lazy,its my decision to have bitcoin in they need to learn to have there own decision in life.



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July 14, 2016, 04:40:19 AM
 #29

Bitcoin is a long term project. Therefore is 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?

it is too soon for me to think about these kind of stuff because i am not yet married even Cheesy but yeah i think it is a cool idea to bury some bitcoin like even a half bitcoin somewhere for a very long time like 50 years from now.

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July 14, 2016, 05:44:05 AM
 #30

Bitcoin is a long term project. Therefore is 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?

after i read this thread, now im interesting to create new paper wallet for my grand child or children, maybe i will give 1btc for each my grand children..

it's nice idea..

Its nice idea indeed. I wonder what would be the value of bitcoin during our children/grandchildren becomes teenager or even adult? Can we pay for their college education?  As we know, as times goes by, btc value will also increased but at how many percent in 20 to 30 years from now?

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July 14, 2016, 05:53:15 AM
 #31

Bitcoin is a long term project. Therefore is 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?

This is too long term for me.I don`t have children.I don`t have a girlfriend...

I don`t think that i will ever have any children  Sad

I`m saving btc only for me.

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July 14, 2016, 05:55:46 AM
 #32

I have created a paper wallet for each of my family members for this exact purpose. They know where it is stored and they will have access to it, when I am gone. They are also familiar with Bitcoin, and know how to sweep these paper wallets, when and if it is needed in the future.

I dump some coins into these wallets on a monthly basis, as and when I have spare cash to convert. ^smile^

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July 14, 2016, 06:04:06 AM
 #33

I have created a paper wallet for each of my family members for this exact purpose. They know where it is stored and they will have access to it, when I am gone. They are also familiar with Bitcoin, and know how to sweep these paper wallets, when and if it is needed in the future.

I dump some coins into these wallets on a monthly basis, as and when I have spare cash to convert. ^smile^
Whereas my wallet is under 4 layers of cascaded encryption (12 layers basically). Oh well. I'm too young to worry about that anyways.

I'm not having any grandchildren anytime soon.
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July 14, 2016, 07:51:48 AM
 #34

Bitcoin is a long term project. Therefore is 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?
It can be a good thing but I think that it is way better to make money with Bitcoin and leave cash for them behind.
You will never know what it going to happen with Bitcoin in the future maybe it will disappear.
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July 14, 2016, 07:57:25 AM
 #35

Bitcoin is a long term project. Therefore is 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?

Of course I would do that. In fact I think I'm kind of doing this already. I don't have grandchildren yet but I know that that time is not far away and I also know that in 25-30 years when they will be grown ups a couple of coins worth $20k each wouldn't hurt.

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July 14, 2016, 07:57:49 AM
 #36

Bitcoin is not an infinite term project, it will day someday, when there will be no more mining and most of the coins will be lost.

And I don't have enough for me, leave something to others is not my high priority now
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July 14, 2016, 07:58:13 AM
 #37

I still don't have so many btc that someone could mention to "save them" for my children . I still need some years before i reach that amount of money. and i still need a decade before i get children. but yeah if btc is big at that time as it is now, then of course i will save some for them.
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July 14, 2016, 09:47:56 AM
 #38

Bitcoin is a long term project. Therefore is 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?
I never think about that, I'm not a married person and it's still some years for me for married and from your question just for I starting to spend my BTC for investment and that would be a savings for me and my wife soon maybe it's will very usefulness for my children.

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July 14, 2016, 10:05:44 AM
 #39

Currently on bitcoin i don't have much income, it is like passive income , currently i am earning few BTC ,and my first priorityis that i need to concentrate on clearing debt  and spending requirement for the current needs,  once i start earning more BTC  then i belive it will be better to save for children Smiley
 

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July 14, 2016, 10:08:04 AM
 #40

Bitcoin is a long term project. Therefore is 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?
I don't have children but I think I would safe some money for them in btc if I had them

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