chennan
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July 15, 2016, 02:19:19 AM |
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But this can quickly get into some weird trust issues with your lawyer who keeps said will that you have left behind the orders to give your theoretical children the remaining bitcoins you have.
This is because, of course, you need to write down your private keys to your bitcoins wallet(s) and give put them with your will... now whether you trust your lawyer to not try and steal your bitcoins is your own prerogative, but I for one wouldn't be so ok with that.
This might have the potential to become either a big problem or good for bitcoin in the future, because if more of us who own a decent amount of bitcoins start dying off one by one without sending them to other people, the amount of bitcoins in circulation start going down. Yes, this will make bitcoins more scarce; but what point is "burning" bitcoins in this way too much? When will it start hurting the bitcoin economy?
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target
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July 15, 2016, 02:20:02 AM |
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What you should save for you children are the new coins that are cheaper as of now because they've be valuable in the future. BTC cost must so you'd have to spend a lot for keeps but if you just invest to some coins like those on ICOS, you help the community grow and at the same time when your grand kids already learned about these coins, they will also know how much it had grown and its value as well.
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shinratensei_
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July 15, 2016, 04:22:20 AM |
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i bought a small amount along time ago in the bitcoin sense, about 3 years ago though you are planning to hold it for your kids? i doubt it would be a good decision because in this way you cannot be guaranteed that there will not be a better technology I can't take any point from that, we know every time a new technology will always appear and it's will be a guarantee for us and there will always be renewing an old technology.
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arseaboy
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July 15, 2016, 04:26:57 AM |
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might be possible for me because I want my grand children to understand where this currency came from even I'm 3 years behind I still searching more info about the coin origin and how this coin move so fast like this, so when my grandchildren ask me about this project I can give a sample and I'm sure in their coming age bitcoin already exist and usable in any how.
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Gahs
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July 15, 2016, 04:37:47 AM |
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I like bitcoins, so I figured instead of holding them, why not trade with them? The returns would be more (I think), right now I'm in the experimental phase checking out the exchanges with the lowest fees, recently I found one: snapcard.io, 0.5% fees for selling/buying. That beats even coinbase, so I just might start with that and see how it goes
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Indrawan77
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July 15, 2016, 04:46:33 AM |
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I believed bitcoin is good long investment but i doubt it can last that long until my grand children, i think i prefer saving gold for my grand children, it is a safer option for me
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chixka000
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July 15, 2016, 01:47:36 PM |
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Well i want to be more practical right now i will withdraw a portion of my bitcoin amount and save it in the bank that uses fiat more safer i guess because we dont know on what would happen to bitcoin
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Palakka
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July 15, 2016, 01:57:32 PM |
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yes I want to save my bitcoin for my children I think bitcoin is good investment for the long term when I have money i always bought some satoshi to save it.
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pereira4
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July 15, 2016, 02:04:40 PM |
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Im not sure I will ever have kids, it's simply too dangerous nowadays. I would like to be able to enjoy my Bitcoin myself. I am still in my early 30 so in 10 years I will only be 40, so if in 10 year Bitcoin is 10,000+, I will be able to enjoy a decent amount of money myself.
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lienfaye
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July 15, 2016, 03:18:40 PM |
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I hope bitcoin will last until i had a grand children but i think for now, i better save for my child to give her a good future thats why im investing in bitcoin and hoping that i can earn.
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Omegasun
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July 15, 2016, 03:21:58 PM |
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Im planning to do that thing. But will bitcoin will still that long time? I bet that my grandchild will not know bitcoin at there time
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MingLee
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July 15, 2016, 03:34:49 PM |
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I personally want to leave a relatively considerable and hopefully long legacy for my children, grandchildren, etc. so chances are a lot of the money that I get from Bitcoin and everything once everything is on track will likely be saved and then passed down through the generations. That's a very idealistic and optimistic view for the rest of my life, but it could very well be possible if I actually try hard enough.
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DeathAngel
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July 15, 2016, 03:36:08 PM |
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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 hope I can benefit from the eventual wealth of bitcoin myself but yeah sure I will leave some for inheritence.
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romero121
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July 15, 2016, 03:57:40 PM |
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I truly have hope to save bitcoin for my future generations. At the same I haven't planned to save a huge volume because most has calculated it survives for a certain time period.
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Maesters1-
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July 15, 2016, 04:20:27 PM |
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I truly have hope to save bitcoin for my future generations. At the same I haven't planned to save a huge volume because most has calculated it survives for a certain time period.
i think bitcoin can give good opportunity to every one to save a good amount for their next generation even though they it will also give you opportunity to lead a standard life. and that is enough for a average class person i think.
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8Habits
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July 15, 2016, 05:18:14 PM |
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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 will definitely do.. Although it is a bit risky, I would still save at least 50% of my total bitcoins for the future that even my grandchildren can benifit from it. I make it sure though that I have something in me at present to use for potential endeavor that will grow my btc. I just can't imagine how much the price would be if he bitcoin survived like 50 years from now - thus having like at least 2 btc now and leave it until 10-50 years is kinda exciting and something that you will look forward to in the future.
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tyz (OP)
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July 16, 2016, 11:09:20 AM |
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Well, sure. Every generation has to earn their wealth on their own by effort and hard work. But you can save Bitcoins for their education. Education is nowadays much more expensive than it was one or two decades earlier. let me pass my time and to enjoy it. I am earning with with my own effort. I think they will have their own fate. they will earn with their effort and hardwork. why should I save my bitcoin for my children and grand children.
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FLoving
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July 16, 2016, 11:23:38 AM |
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That is a great ideas to think for our grand children, I will say that for them it is not enough to keep money or bank balance alone, for them I am trying to start my our business ( an organization or an industry) I think with that they will not have the habit to stay idle and consume available money saved for them, and they will know that their income is from that particular business, so they will work hard for their success.
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TGD
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July 16, 2016, 11:53:42 AM |
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I personally want to leave a relatively considerable and hopefully long legacy for my children, grandchildren, etc. so chances are a lot of the money that I get from Bitcoin and everything once everything is on track will likely be saved and then passed down through the generations. That's a very idealistic and optimistic view for the rest of my life, but it could very well be possible if I actually try hard enough.
The problem about saving it for long term is its still have a high value at that time? or just wasting your time to hope that price will continue to increase in their generation then it's not happen for me it's better to save some and use it little by little.
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lumeire
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July 16, 2016, 12:20:26 PM |
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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?
You're way thinking into the future if you're saving up for your grand kids. Besides, your grandkids aren't your responsibility anymore by that time so it doesn't matter. And your idea of a long term project is really long I suppose.
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