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Author Topic: Saving Bitcoins for your Children.  (Read 23819 times)
Mystika
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November 29, 2017, 12:56:01 AM
 #1221

Saving bitcoin for ypur children is a smart move. We do not know what the future will be so while bitcoin is generating more profite, it is a smart move to atleast savong something for your child's future.

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November 29, 2017, 04:12:45 AM
 #1222

It is really a big idea! I will hold 80% my Bitcoin for my children! They are 12 years old now. And what happens if they have 10 BTC after 6 years. That's a good future for them

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November 29, 2017, 04:21:33 AM
 #1223

It is really a big idea! I will hold 80% my Bitcoin for my children! They are 12 years old now. And what happens if they have 10 BTC after 6 years. That's a good future for them
That is a good plan, many people said that bitcoin will not die. But I preffer like to save gold for my children because gold will always worthy. Honestly, I still feel afraid  about bitcoin's volatility. But I can't ignore that bitcoin now is very profitable investment.


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November 29, 2017, 04:25:12 AM
 #1224

I think it is too risky to invest in bitcoin. Why ? Because it is on its peak now. How about if you invest now then it drop so low after and then you need your money. Invest what you can lose.
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November 29, 2017, 04:36:46 AM
 #1225

Maybe I'll save some of my Bitcoin for my children's future but not all, since the value of Bitcoin is unpredictable. It is better to change Bitcoin into real money and save to the bank as your emergency fund.

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November 29, 2017, 04:42:31 AM
 #1226

I'll save Bitcoin for my children because the value of it is keep on getting high. Also there is always a news about the prediction of value of Bitcoin, so if ever it will predict that the value will low then I'll change my Bitcoin into a real money.

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November 29, 2017, 05:17:17 AM
 #1227

I would definitely recommend including BTC to your children's portfolios.  I do wish it were easier right now to manage their 'total' portfolio in one account - but for now, we will have to make due and manually reconcile their traditional securities portfolio and digital portfolio.

I would by no mean recommend "all eggs in one basket", more so for older persons than children as we have a reduced inherited risk tolerance the older we get.  But, a diversified portfolio should these days include crypto.

The traditional rule of thumb in portfolio management is to subtract the investors age from 100 - that represents the split of bonds vs equity (30 year old would have 70% stock and 30% bond).
The modern model should be subtract age from 100, then the age is their bond holdings, the remaining equity structure (the remainder of their age) should be 1/3 crypto and 2/3 traditional securities (traditional securities should be diversified across multiple asset classes of course).  We could diversify cryptos as well (some BTH, ETH, LTC, AltCoin, ICOs...). 
Then naturally, rebalance 1-2 times per year. 

Point of this, I would absolutely recommend holding cryptocurrency for your kids. 

You may be surprised that before long, they know this stuff better than you do.  Smiley
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November 29, 2017, 05:27:49 AM
 #1228

Get a paper wallet and stuff it with bitcoins. Have a picture of it on film camera and have the negatives if needed. Hand write instructions on a piece of paper and together with the paper wallet throw it in a safety deposit box and have the key for your will. Bitcoin would be a good option for passing on to your grandchildren since it might be worth millions in the future!

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November 29, 2017, 05:38:05 AM
 #1229

This is a great idea for someone already have children, but not for me because i haven't had a child yet. From the beginning i invested and saved bitcoin, this is for my child future as she/he grows up, it was aims to anticipate if one day i get disaster (death or something else) then my bitcoin does not go to waste.

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November 29, 2017, 05:46:17 AM
 #1230

that's a nice and smart move from you, props to you.
Saving something every months (fiat, btc) for our childrens it's the best way to give them something to start with, you never know what's the future holds and if now we are able to save something that's something that everyone should do, think about our childrens!

I would buy an hardware wallet in a security box in a bank (or hidden somewhere safe aka fireproof, waterproof, dustproof, etc.etc.) with the instructions and give all the details to another trusted person, that's it.
It is actually a good plan for the fututre of your children. It can help your children fo their future to pursue their dreams in life. It can help the expenses especially for the academic purposes like projects or maybe a nee house for your children when they grow up.

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November 29, 2017, 05:48:08 AM
 #1231

I'll save Bitcoin for my children because the value of it is keep on getting high. Also there is always a news about the prediction of value of Bitcoin, so if ever it will predict that the value will low then I'll change my Bitcoin into a real money.

It's the same as you are investing your Bitcoin for your family or for your beloved child. Wink

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November 29, 2017, 07:26:47 AM
 #1232

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
My opinion to invest bitcoin for the future of children is very good, because the longer the higher the cost. This can also be called a very good future savings.

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November 29, 2017, 07:29:27 AM
 #1233

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 order to have safe savings with bitcoins I will print a wallet paper to be kept and maybe I need to update regularly my savings in my wallet so that I can easily know what is happening then.
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November 29, 2017, 07:42:14 AM
 #1234

This is really a good idea for all of us here in this community. Its too good to save some bitcoins for the children. But you need to introduce bitcoin to your children to understand it.bitcoin become popular and more valuable day-by-day.if you save some,in future your children can take it and use it properly and make their life more better.
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November 29, 2017, 07:42:52 AM
 #1235

I started thinking of storing bitcoin for my grandchildren but I still doubt whether bitcoin will continue to exist or will be lost in the future.
and now I prefer to move the bitcoin results I get to my local bank
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November 30, 2017, 05:00:47 AM
 #1236

I started thinking of storing bitcoin for my grandchildren but I still doubt whether bitcoin will continue to exist or will be lost in the future.
and now I prefer to move the bitcoin results I get to my local bank

It's a risk if you look at it thoroughly. So people like you can't be blamed if you think it's not that secure to have bitcoin for your future. And no one has the right to dictate what you're going to do with your money. If you're comfortable that way by getting your btc savings in the bank, it's your call. It's your children's future anyways so do whatever you think is best
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November 30, 2017, 04:48:10 PM
 #1237

I think this is a great opportunity for the child's future. If you think about the future of your child, then you can buy Bitcoin. And now you have the golden opportunity to buy Bitcoin. Hopefully, your child's sure future.

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November 30, 2017, 04:57:06 PM
 #1238

That's a good  question! Bitcoin  can save for  your children.  But that can  be a bit risky  because if you write information, account
 passwords for your  children, if it's  lost or known  by someone,  you will lose the  whole bitcoin. I do  not think saving bitcoin for
the children is a good way

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November 30, 2017, 05:04:27 PM
 #1239

If I could why wouldn't I think that it could help a lot for their future expenses,
And I think that the price of 1 bitcoin would be so high when that time comes.

   
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November 30, 2017, 05:20:54 PM
 #1240

I think that based on the fact that all cryptocurrencies are a high risk assets leaving it for children kinda risky. If you put all your money to bitcoins and after 5 years they will become nothing What shall you do?.  So think well if you allow to depend your children's future in such a risk? So my opinion is simple : 10% of the income I can put to bitcoins and leave it. And leave for children just for fun. If it will still exist by the time they can use it - let it be so. If no - I guess that is ok
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