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Author Topic: Saving Bitcoins for your Children.  (Read 23785 times)
Dilladupak
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October 18, 2017, 02:57:55 AM
 #101

I think bitcoin is actually using it to help in our daily lives. I hope you have a good introduction about bitcoin to your kids so they can easily access it as well, and I am very happy to see a step forward to using bitcoin even can also make transactions wherever and whenever. and bitcoin are now becoming so popular and more valuable that plans are good in the future. if you believe that bitcoin someday can help you to be financially independent have a good life for your family

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October 18, 2017, 02:58:15 AM
 #102

You can write the wallet seed and send it to your lawyer as part of your will since the lawyer is going to be in charge of the will till the need arise, or better still you can save the wallet seed and password in a deposit saving box and make the information known to one other person.
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October 18, 2017, 03:08:23 AM
 #103

Good idea to save bitcoin for the children but remember save to bank is safe than bitcoin wallet is too risky. I think the best way do is 50% percentage save to bitcoin wallet and the half of it save to banks so no matter happens you are sure that is safe and will give it someday to your children.
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October 18, 2017, 03:21:27 AM
 #104

We may not able to prepare the future for our child, but we can at least prepare our child for the future. Saving bitcoins for your children I think is the best way to prepared to future of your children we need to also introduces and tell the important of the bitcoins so that the child is aware. 

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October 18, 2017, 03:31:24 AM
 #105

one of the primary reason why we are now engaged in bitcoin is for the preparation of our children's future.
anyone would want to make their children's life better and this is one of the way we see best to do it.
investing our free money right now and save them for long time.
Cheesy

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October 18, 2017, 03:34:02 AM
 #106

i will buy some eth and storage for 10 year ,maybe the days come will become $100000per eth
or a eth or btc can buy a whole house
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October 18, 2017, 03:34:55 AM
 #107

Im actually doing this right now. But I am currently looking for bitcoin wallet that will be stable and safe for future savings. This is a good idea for me, Im not really a person who saves but this gives a little bit of encouragement, imagine if bitcoin will rise as it does, how much it my savings could be in the future.

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October 18, 2017, 03:40:54 AM
 #108

Im actually doing this right now. But I am currently looking for bitcoin wallet that will be stable and safe for future savings. This is a good idea for me, Im not really a person who saves but this gives a little bit of encouragement, imagine if bitcoin will rise as it does, how much it my savings could be in the future.

I have experience that is less good, has been selling some of my bitcoin when low price, and never suspect that the current bitcoin price increases so very high. so from that I learned from experience that saving for the future it is very important. very likely in the future price of bitcoin is above $10,000.
 
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October 18, 2017, 03:41:19 AM
 #109

I made a paper wallet for my son and I deposit a smaller amount of Bitcoins there every month. I kept it in a secret place that only me and another person knows.
saving bitcoin for a child as an investment is a brilliant idea. maybe i will write my bitcoin wallet address in a white papper and save it well
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October 18, 2017, 03:44:30 AM
 #110

Honestly i have just been thinking of doing something like this recently, i think i have to make it a reality.
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October 18, 2017, 03:47:13 AM
 #111

I think the step you have made is a good thing, maybe I will try to follow your step although for now I have not have children, but I will plan from now on

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October 18, 2017, 03:50:42 AM
 #112

it would be very good if we keep bitcoin for our child. but I guess they have not been able to make the most of bitcoin yet, so for now, I think, I'll be struggling to make a lot of money before they grow up. there comes a time until I will teach them bitcoin.

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October 18, 2017, 04:15:41 AM
 #113

This is really a good idea for all of us here in this community. We all know that bitcoin will boom in the nearest future we will take. So the thing we should do now is to save money for the next generations. And by the year it will boom, they will have many money.
You are right. saving some bitcoin for our kids is a very good idea. I thought about making a special wallet for them, then filled it with some coins every time I made a profit. Previously this has not been thought of because I still do not have children. But now I am determined to do it. thanks.

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October 18, 2017, 04:18:37 AM
 #114

I don't have my own family yet but I am already saving bitcoin for it. Life is not really easy and you're gonna be needing money whether you like it or not. And saving while its still early will definitely be beneficial for you in the long run.

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October 18, 2017, 10:57:01 AM
 #115

When I learned about bitcoin and its characteristics, I immediately decided for myself that I would invest with my help in my future. I do not sell bitcoin for short-term profit, but I use it as a long-term investment for my future, including for children. I consider it very promising.

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October 18, 2017, 11:15:25 AM
 #116

I don't have plans to start a family, at least not for now, but for those who do then saving bitcoins is going to be a great way to secure the future of childrens. BTC is know for having long-term positive profit margin,so if you save those coins for years, you might end up with enough money to support your family for a long time.  But i wouldn't put all my savings in btc, we need to remember that fiat currency is what everyone uses, so leaving some money in the bank isn't a bad idea either. Maybe a 60:40 ratio of your savings sounds like the safest option, 60% in the bank and 40% in btc.

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October 18, 2017, 11:33:14 AM
 #117

I think it's a very good idea if we keep bitcoin for our children because by storing bitcoin in the long run it will be profitable for us and our children then we should prepare a safer wallet address and when our life is gone in the world we can give the word keys to our relatives to be able to unlock secret keywords to our children to retrieve the results from bitcoin storage if it is time for our child to take

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October 18, 2017, 11:36:58 AM
 #118

Hmm, I will think about this when I have wife. Now, to my mind, it will be great to sell right before the hard fork

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October 18, 2017, 11:38:30 AM
 #119

Like every other investment such as real estate, stocks and other forms of investment we know that you can invest in that kind of things and then you get something like say a Certificate or a Binding Document as a proof that you are part of that investment, now that of bitcoin all you have is just your address, your password, key and seeds as proof of the ownership of the wallet.

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So now if one is considering buying bitcoins and saving for his/her children in the future is there any way to do that with bitcoins apart from having to write down your details somewhere. I'm asking because with that kind of stuff if no one knows your seeds or password no one can get the coins. Huh Huh Huh

Such a wonderful idea as a way to give your children a good fortune in the future.  Well, you could always write it on a  piece of paper or placed in a box where the only way to open it is a key. Grin  A key which you always have in your wallet or underneath your clothes inside the cabinet.  There are ways to keep the password or pin because saving bitcoin for your child and keeping the password is really hard.  Considering that many will got interested with it and that if you die and no one knows your password, that bitcoin will be lost forever.

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October 18, 2017, 11:42:45 AM
 #120

I would love to accumulate as much bitcoins I can and spend few of them for my luxuries like Home, Car and travel and save most of them for my children. It is better to engrave the details on a metal and lock it with a secret key and tell my children about it.There are no other good alternatives other than writing details because there are many cases where we could lose our bitcoins if we hold them on a system which could be attacked some or the other way at some or the other day.
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