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Author Topic: Saving Bitcoins for your Children.  (Read 23817 times)
jazz21
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November 20, 2017, 03:28:46 PM
 #1021

Yeah that is a good way for you to ensure the future of your children but I think you should really think first because we all know that bitcoin's value is not really stable or profitable so it would be wise to think first. because we need money for our expensive every day
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November 20, 2017, 03:33:40 PM
 #1022

I was also saving bitcoin and ethereum in blockchain.info as future savings for my kids.  But recently,  the transactions in blockchain. info got mo a bit worried because of some pending txns,  but if this goes on worse later. 

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November 20, 2017, 03:35:19 PM
 #1023

Saving Bitcoins for your children would be the same as saving casette-player or walkman for your children....
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November 20, 2017, 04:02:24 PM
 #1024

Bitcoin can be called the future gold or future asset.So,it is better to save bitcoins for our children.

Bitcoin is famous for modern and easier transactions which is not possible through the banks.So,the popularity is increasing day after day which is making the background of bitcoin very strong.For this reason,it would be better to save bitcoins for our children.

Again,the price of bitcoin is rising.The velocity of rising price is steady but sharp.So,we can hope that the price will increase more and more  in future which will be huge profitable only to those who will save bitcoins for their next generation.

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November 20, 2017, 04:03:24 PM
 #1025

Bitcoin can be called the future gold or future asset.So,it is better to save bitcoins for our children.

Bitcoin is famous for modern and easier transactions which is not possible through the banks.So,the popularity is increasing day after day which is making the background of bitcoin very strong.For this reason,it would be better to save bitcoins for our children.

Again,the price of bitcoin is rising.The velocity of rising price is steady but sharp.So,we can hope that the price will increase more and more  in future which will be huge profitable only to those who will save bitcoins for their next generation.

We do this for long time. Hopefully our bitcoins help our kids even the amount is very small like 0.001 BTC and around this.

People all understood the importance of bitcoin and they're currently saving bitcoins for their future.
markk94
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November 20, 2017, 04:07:38 PM
 #1026

You've the right movement on these days for your children. the safest trick to keep your address and private key is to write down in some paper and save it in the place that you and 1 more person know. because it unpenetrable for hacker or else. but, you need to rethink who you choose to trust  Smiley
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November 20, 2017, 04:47:15 PM
 #1027

Yea I think saving bitcoin for our children is a good idea,
for future purposes. Smiley It is worth investing in bitcoin now before it's too late.
Their are allot of option when investing bitcoin.

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November 20, 2017, 04:59:38 PM
 #1028

Guys! to save crypto  the best option to conclude a smart contract!!
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November 21, 2017, 06:28:40 AM
 #1029

Pretty smart to leave bitcoins for your children because that will make them rich and they don't have to worry about taxes or anything. But maybe it will be for nothing because bitcoin may always go down and maybe another coin will become important.


Bitcoin  has a big future ahead and other cryptocurrencies i think has a long way to go if they want to overcome bitcoin. Yes, it is possible but i don't think it won't happen in the near future. Much better if we earn our bitcoin and save it for the future of our family.
If we look at the graph of the performance of bitcoin since the time it was introduced to this world, then we’ll get to know this thing that bitcoin is gaining more and more reputation with each passing day. I don’t really think so that bitcoin will lose its value in the future. This idea of keeping bitcoins for the safe future of your children is really a great idea and this will help them in meeting all their needs.

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November 21, 2017, 09:45:28 AM
 #1030

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

We can expect that it will really give us a huge profit after 20 or 20+ years, because bitcoin is still in a very early stage and it has to cover a long destination, still very limited number of people know about bitcoin, but now their number is rapidly increasing because of the increasing interest of the people.
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November 21, 2017, 09:49:57 AM
 #1031

Yes saving bitcoins for our children is a very good idea if we save bitcoins for our children's so if our children need anything so we can buy that thing with bitcoins so saving bitcoins is a great sence for future.
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November 21, 2017, 10:07:28 AM
 #1032

Just be absolutely certain to have the hardware wallets and paper backup copies stored safely (maybe in a bank safety deposit box) to keep the physical access to the funds safe from harm or misplacement for the years and years to come. Your pin numbers, passphrases, will have to be conveyed somehow, and again the best bet maybe a hard copy recording, stored in a bank box (in a separate lockbox if your really paranoid). Be sure to have a backup of your 2FA enrollment keys as well.
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November 21, 2017, 01:14:24 PM
 #1033

Pretty smart to leave bitcoins for your children because that will make them rich and they don't have to worry about taxes or anything. But maybe it will be for nothing because bitcoin may always go down and maybe another coin will become important.


Bitcoin  has a big future ahead and other cryptocurrencies i think has a long way to go if they want to overcome bitcoin. Yes, it is possible but i don't think it won't happen in the near future. Much better if we earn our bitcoin and save it for the future of our family.
There are chances for such to happen but don’t worry that is not coming in this century at least. Bitcoin will be the coin of 21th century and it will remain till a long time ahead. Our children will definitely need this bitcoin as their inheritance because in future everywhere there would be bitcoin coming and going so they will enjoy the life in comfort and happiness ahead.

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November 21, 2017, 04:07:04 PM
 #1034

Saving bitcoins for your children is a good idea. Since it marks up fast. When you start to save bitcoins now, (e.g. you have a 2yr old son/daughter, you'll get to have high profit after 18 years and your son/daughter is of legal age to have it withdrawn). It is a good investment.

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November 21, 2017, 04:23:32 PM
 #1035

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.
Thats good idea for saving money for your son whatever happen,  your kid will secured. And you dont worry about his future, and the another person that you know about your secret dont worry it a big help for you and your son too. Saving bitcoin every month even it small it will grow and make high profitable income.
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November 22, 2017, 12:05:30 PM
 #1036

Pretty smart to leave bitcoins for your children because that will make them rich and they don't have to worry about taxes or anything. But maybe it will be for nothing because bitcoin may always go down and maybe another coin will become important.


Bitcoin  has a big future ahead and other cryptocurrencies i think has a long way to go if they want to overcome bitcoin. Yes, it is possible but i don't think it won't happen in the near future. Much better if we earn our bitcoin and save it for the future of our family.
There are chances for such to happen but don’t worry that is not coming in this century at least. Bitcoin will be the coin of 21th century and it will remain till a long time ahead. Our children will definitely need this bitcoin as their inheritance because in future everywhere there would be bitcoin coming and going so they will enjoy the life in comfort and happiness ahead.
We can saving Bitcoin for our children, but don't let them depend on that amount. Bitcoin is still a future currency, there's no one guarantees this currency will become the primary currency in future. Therefore, you should saving other assets for your children too. Example gold and real estate, these things are my favorite assets for my child.

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November 22, 2017, 03:22:46 PM
 #1037

Saving bitcoin for your children since its your future planning which mean long term investing and holding your bitcoins till your kids become adults.
Actually its easy to say saving bitcoin for future but its hard to saving .


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November 22, 2017, 03:24:48 PM
 #1038

yes it is so necessary.
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November 22, 2017, 03:43:53 PM
 #1039

What would you do if you write your private key on your paper and lost them.What would you do if you forgot your password also what really happened if you're the only one who are aware about the key and meet an accident and died ? Your children will then get none of your bitcoins in such situation.

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November 22, 2017, 04:52:57 PM
 #1040

What would you do if you write your private key on your paper and lost them.What would you do if you forgot your password also what really happened if you're the only one who are aware about the key and meet an accident and died ? Your children will then get none of your bitcoins in such situation.

That is your problem, you can not blame anything when you can not guarantee a small thing like paper to saving your money for your children.
Why do we have paper for testament? Why does the bank still use paper every time it is traded? Why are all the important deals signed in paper? ...

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