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Author Topic: Saving Bitcoins for your Children.  (Read 23819 times)
Lecam
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November 26, 2017, 12:55:16 PM
 #1121

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.

BTC

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

I believe that it is a wise idea to save bitcoin for our children in the future. We are unsure of what might bitcoin become in the future, it could have a really high value in the future, correct? So, it is better to save for our children something they can really use, in case we are gone in this world.

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November 26, 2017, 01:12:26 PM
 #1122

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.

BTC

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
of course for me save bitcoin and its investment is for my child and for stuff related to password or otherwise it is invest in bitcoin i save and my child surely i tell password and anything about bitcoin

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November 26, 2017, 01:19:56 PM
 #1123

Yes I can save it bitcoin for my children in the future for the studying so I can save it my bitcoin and if u save for your children and u can also save it in future I want to help my family  so thanks to you bitcoin
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November 26, 2017, 01:26:21 PM
 #1124

thats really good idea, i think ill do it to
deposit every month, lets make some bitcoin legacy  Grin

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plpatel
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November 26, 2017, 01:31:42 PM
 #1125

Saving Bitcoins for children future is a good idea, but besides Bitcoin you should also keep investing in equity and mutual and a good amount of cash. One should not fully depend only on Bitcoin, a well-diversified portfolio should be maintained for the children’s future perspective.

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November 26, 2017, 01:34:29 PM
 #1126

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.

BTC

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

That would be nice because you are saving for your children but I am still a teenager so I have a lot of plabs but having a children is not one of them yet but when that day comes I will definitely save all mu bitcoins for them because I want them to be weathy I do not want them to suffer the poverty that I've experienced because bitcoins is just the only thing that keeps me financially stable for now because i am just a student but when that time comes and bitcoins are still the successful I will gave all of my bitcoins to them because they are my child.
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November 26, 2017, 01:36:20 PM
 #1127

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.

BTC

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

In my opinion, it is a good idea to invest in bitcoin for your children for their future. but don't invest all your money in bitcoin because we don't have any guarantee that the price of bitcoin in the future will increase higher. Bitcoin is quite volatile and has limited supply it is not stable and very risky.
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November 26, 2017, 01:39:12 PM
 #1128


It is a wise idea to save bitcoin for our children in the future, better save for our children something they can really use, if we go to this world.
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November 26, 2017, 02:31:06 PM
 #1129

I think it's really a good idea to save up bitcoin for our children. For now, we still have the energy to provide for everything our family needs. Any amount that you can save now would be a great value tomorrow. It would be awesome to have millions someday when we are old already. By the time we can no longer manage our bitcoins, we can then transfer ownership to the ones we love.

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Andria123
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November 26, 2017, 02:55:08 PM
 #1130

Definitely yes,we can make a savings through Bitcoin for our children in there future generation,many ways to keept our money by this application that will last a long time,but only few of it don't put everything,so anytime u have a spare money that u can used as needed.

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November 26, 2017, 03:20:53 PM
 #1131

I let my wife to take care of my children while i am working and my wife can still earn money because she can work at home through this forum, Bitcoins help my family and we can still save more money for our future.
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November 26, 2017, 03:25:55 PM
 #1132

In my opinion, I think paper money still better to invest for your children than btc. For a child, btc is pretty complicated and hard to understand so paper money is the better option. Just my opinion.

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November 27, 2017, 12:00:06 AM
Last edit: November 27, 2017, 11:12:21 AM by brainape
 #1133

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.

BTC

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

That would be nice because you are saving for your children but I am still a teenager so I have a lot of plabs but having a children is not one of them yet but when that day comes I will definitely save all mu bitcoins for them because I want them to be weathy I do not want them to suffer the poverty that I've experienced because bitcoins is just the only thing that keeps me financially stable for now because i am just a student but when that time comes and bitcoins are still the successful I will gave all of my bitcoins to them because they are my child.
I think you should ask from your dad may be he is saving bitcoin for you, but if he is interested i bitcoin. I have three children and i will surely like to save bitcoin for them, as bitcoin has a bright future and in future we are expecting to use bitcoin instead of fiat currency, which have the same value throughout the world.

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November 27, 2017, 12:01:47 AM
 #1134

I let my wife to take care of my children while i am working and my wife can still earn money because she can work at home through this forum, Bitcoins help my family and we can still save more money for our future.
Thats a good way because this is where we can have atleast income me i have a job and i can also work here in campaign cause i want to save money if i can have a family in the future this was a great thing to do for.

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November 27, 2017, 12:16:24 AM
 #1135

That is a very smart thing and i think we all need to lay down one bitcoin or a couple more for out children in the future this way they can have a good head start in life with so much money just because of those bitcoins.
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November 27, 2017, 12:25:06 AM
 #1136

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.

BTC

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

I did the same, I put some amount every week, and I been doing it for two months now, I was surprised by the amount I have invested, doing nothing, yet its growing. Only me and my wife knows about it and I am sure it cannot be stolen for it has to send an authentication code to my email and mobile number.

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November 27, 2017, 02:36:32 AM
 #1137

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.

BTC

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

I did the same, I put some amount every week, and I been doing it for two months now, I was surprised by the amount I have invested, doing nothing, yet its growing. Only me and my wife knows about it and I am sure it cannot be stolen for it has to send an authentication code to my email and mobile number.

It can't be stolen, not yet. But in 20 years, wouldn't we have even more powerful computers to crack SHA256 keys easily?


I think, having a smart contract based on blockchain that delivers these private keys to your kids based on criteria defined (when they reach certain age, when certain event happens) would be best way to pass on the investment. Would be much better option than writing down on paper and possibly having it lost.

https://www.commbank.com.au/guidance/newsroom/CBA-and-QTC-create-first-government-bond-using-blockchain-201701.html

There are lot of banks and even some governments are investing in blockchain based asset management. Sooner or later we will have some bank or govt. giving us digital safety box, where you can store these private keys and have it pass onto your kids.





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November 27, 2017, 02:46:07 AM
 #1138

When your saving bitcoins to your children you should let them know the details of your account so that when time comes they can access your bitcoin without any problem, but should be worried if bitcoin still rising up in the future because for now there are many competence on bitcoin and we dont know if its still or not.

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November 27, 2017, 02:57:51 AM
 #1139

When your saving bitcoins to your children you should let them know the details of your account so that when time comes they can access your bitcoin without any problem, but should be worried if bitcoin still rising up in the future because for now there are many competence on bitcoin and we dont know if its still or not.

Yes, but they need not explain complete details about the Bitcoin such as login information. Just we have to hint them we are storing Bitcoin for your future in this way they will understand and where they are storing. If we give complete details it will effect on their education.

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Krishantha545
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November 27, 2017, 04:59:21 AM
 #1140

Yes Its a good thinking to save bitcoin for children.May be in future the bit coin will be the main currency in the economy. and the other hand the value of the bitcoin might be very higher than now.Therefor the bitcoins will be a valuable property to transfer for their children like lands, houses ,business and etc.
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