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Author Topic: Saving Bitcoins for your Children.  (Read 23819 times)
Scor1937
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December 07, 2017, 09:24:09 PM
 #1341

Yes i think investing in bitcoins for children would not be that hard and even our next generation can be a financially strong family due to bitcoins. Also we know that the price is in the increasing rate, even a small amount of bitcoins can be of worth in future like saving 1000$ now will perhaps be 1000000$ in future.
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December 07, 2017, 09:27:33 PM
 #1342

I think it's good idea. LOL. Maybe in the future when our children growth up, Bitcoin has been legalize all over the world already and 1 BTC will worth about 1m$ or maybe more. Cheesy. But the problem is which wallet we should use to keep our Bitcoin for a long time? Do you think all the wallet we are using at the moment will active for next 50 or 60 years?

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December 07, 2017, 09:38:30 PM
 #1343

I have 8 bitcoins saved for my kids.  Well my future kids since I don't have any right now. I am hoping it will help them start up their life well after they get out of school.

Well, that's good for you and your children as well. You already have your savings for their future. Your children are very lucky because of a very responsible parent like you.


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December 07, 2017, 09:45:58 PM
 #1344

I apologize if I write something that maybe there is a higher one, since I have not read everything. Yes, this is a very good idea, but that if everything collapses, it's better to store for the future in some other currency, in the same USD, the cache grows, but once it ends, and the lack of understanding what will happen next.
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December 07, 2017, 11:00:42 PM
 #1345

Invest not only in bitcoin but also in the top 10 currencies. Capitalization is growing at a frantic pace for 330 billion. Your children in the future will be grateful for you, now many large companies to think over introduction of the payment system bitcoin.
That seems like the right advice but at the same time, we should not invest in projects we do no understand or in projects in which we do not believe in, for example out of the top ten coins I will not invest in bitcoin cash, I'm still holding the airdrop I got on august first but that is all, and I will also avoid bitcoin gold and ripple the rest seems like good projects to me.
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December 07, 2017, 11:06:33 PM
 #1346

It is a good idea for users here in bitcoin to rely on it on financial aspect, but we must not forget that it is still risky, we won't know when it will rise or fall again. Bitcoin's price is really unexpected nowadays. Saving bitcoins for our children is a good way to save because there's a chance that the money that you have saved will be higher.

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December 07, 2017, 11:13:13 PM
 #1347

I think the accumulation of bitcoins for my kids now is not appropriate. bitcoin is virtual currency, its value is unstable, its future is uncertain, our government will ban it in the future, if i accumulate bitcoin for long time i will lose it all.

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December 08, 2017, 08:34:04 AM
 #1348

Be careful about your privacy. If only a few numbers are leaked, you may lose all of your bit coins.
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December 08, 2017, 08:55:25 AM
 #1349

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
saving bitcoin for your children are more better for there future because as you can see the value of bitcoin are increasing. and its good to save bitcoin for the future
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December 08, 2017, 09:18:29 AM
 #1350

This is an honest plan, bitcoin can still increase in worth within the future thus if we tend to provide bitcoin to the kid then they will get pleasure from  and good harvest once they are teenagers.
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December 08, 2017, 10:15:48 AM
 #1351

If you plan to take on bitcoin as a form of investment, then saving for kids seems to be fine. But as the saying goes; better be safe than sorry. It's not advisable to put in the large portion of savings into bitcoin unless its the profit which have been made. For now, it's best to catch on the trend getting bitcoins Smiley

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December 08, 2017, 11:13:51 PM
 #1352

Its verry good portfolio for the future.btc is going up day on day..its looks like a property.. today we invest for btc then in future our children will reward in those .
Your thinking is too wise that we can deliver Bitcoin to our children and they feel proud to see Bitcoin as in their inheritance. Bitcoin should be the best assets for your children. Because Bitcoin is better than gold or any other asset in this time. Bit coin’s price is continuously increasing and one who buys Bitcoin now and will be sell Bitcoin in future. He should be a millionaire in the future by getting too much profit from Bitcoin.

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December 08, 2017, 11:16:19 PM
 #1353

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.
That’s a good idea. Im also thinking of doing the same. It could help them when the time comes for them to be in collage. College is not cheap so i will need a good savings for this matter.
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December 08, 2017, 11:53:55 PM
 #1354

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
If you want that bitcoin to go to your children you will need to write it down somewhere and put it in a place no one has access to that way only your children will get to access that money if you die, now if you happen to know that you are sick you could give that bitcoin before you pass away avoiding the trouble for them to figure out how to claim your bitcoin.



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December 08, 2017, 11:58:38 PM
 #1355

It honestly hadn't occurred to me to set a few aside for my daughter until I saw your post but I'm totally going to do that now, great idea.
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December 08, 2017, 11:58:56 PM
 #1356

Saving bitcoin for your children is a better idea for their future. Fiat fixed bank deposit on children names generates no better interest for their future but little investment in bitcoin for their future creates an asset for them.
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December 09, 2017, 12:10:29 AM
 #1357

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


They can save some of it up little by little so when they order they can afford a car or continue with their investment for a good future where they will have financial security. I think the best idea is to teach your children on how to use Bitcoin so they understand and earn some for their future.
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December 09, 2017, 12:12:40 AM
 #1358

Essentially nope there is no way other than writing it down, or a paper wallet, or a video will there are a finite amount of ways you can do this. Alternatively you could give some to them before you pass that way they will learn about it quicker. But those private keys are important and if you don't have that stuff then essentially GG and you don't want to do that will all that money. Never before have you been able to lose such a big sum of money with such small action.

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December 09, 2017, 01:06:33 AM
 #1359

Instead of saving bitcoins for his children, my uncle just encouraged his kids to buy them when they were like 30 bucks a coin. It was very, very good advice. I think my cousin about my age bought 10 or so.
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December 09, 2017, 04:02:08 PM
 #1360

yes this is a good idea bitcoin have a bright future so I already saving 1 BTC for my family future.
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