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Author Topic: Saving Bitcoins for your Children.  (Read 23820 times)
Ailmand
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December 20, 2017, 01:34:59 PM
 #1601

Keeping other physical asset for your children is very easy but storing bitcoin for your children is very risky because the wallet may be hacked before your children grow to maturity so it needs a high level of security consciousness.

I side with this reply. As much as it is good to take note that bitcoin's price right now can be a good asset to keep for future use, in this case, for your children's future expenses. No one could actually and really tell how the bitcoin market will unfold for when your children would need the stored bitcoins into cash. I mean the market landscape may change at any moment, and bitcoin, being it is volatile with its value changing every now and then, it would be so risky to blindly believe that it would continuously increase and that it would be a good investment for your children's future. I think it would be better to just convert it into money and just set up a trust fund or some sort of a life plan which includes education and other important aspects, which are more reliable and has proven its reliability long before the existence of bitcoin.



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December 20, 2017, 01:40:40 PM
 #1602

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 think that is a good idea that save your bitcoin for your children. It is a good idea because you think for their future and they can use it to supply their own needs and it can help them to be independent. You can also help them to buy the things that they want. I think your children will be rich because the price of bitcoin will be increase because it is so famous for now.
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December 20, 2017, 01:41:28 PM
 #1603

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.

it would be very awesome to save for sons and daughters, or your future child but for me it is not that secure and certain since we do not know how long will bitcoin live, we never know until when it will be successful.
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December 20, 2017, 01:49:22 PM
 #1604

we can save bitcoin for our children but it is risky to held it for our next generation .
jonval21
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December 20, 2017, 01:54:59 PM
 #1605

if you know really well bitcoin, in the futre your children will have and advanced tool about money. people dont realize that nothing is secure in our lifes, the risk is something that always is there.

people think goberment is iqual to security of coure, goberments sell that idea every day.
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December 20, 2017, 02:09:55 PM
 #1606

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

maybe you can write it in a will, so that later your child can take it. surely it will be very beneficial for your child.
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December 20, 2017, 02:11:28 PM
 #1607

This is a good idea, save Bitcoin now for my children's future. I can start a little amount of Bitcoin then invest and if there is already a profit get it and put it in the savings account but the small amount capital will stay.

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princesspoppy
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December 20, 2017, 02:21:12 PM
 #1608

you can write down your address, passwords and private key to a notebook or a piece of paper with note in it on what to do and how to access your account and wallet that your son/daughter can use in the near future. If we do not know what will happen in bitcoin in the next more years to com, at least your child can have idea on what is happening to this crypto world and how to make money from it. He/she can also feel that his/her parent is saving him/her a future which is easier and hassle free to earn and transact money.

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December 20, 2017, 02:25:01 PM
 #1609

Use paper wallets for your children's savings later, safer and more secure from hacker attacks. Trezor might be great. We need to think about the future of our child by setting aside some of our bitcoin for them later.

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December 20, 2017, 02:30:02 PM
 #1610

Great idea,,,
If have, good for long term invest and for children
Reality nothing, I don't believe the future have because value increase day by day
But hopefully the people stay trust of bitcoin for keep future

melancoly
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December 20, 2017, 02:43:28 PM
 #1611

. It is quite risky though since we do not know how long it will last to be like this but im sure it will take some time since we are in the age now of digital currencies.
eleonor
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December 20, 2017, 03:23:40 PM
 #1612

I think as for now the best thing to do is print all necessary details in a piece of paper that your family can access once your gone and also you should start teaching in close family what cryptos are and discuss them what you are doing and how it can be transacted into fiat so incase you leave this world they have an idea on how they would start their lives using those coins you left them.
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December 20, 2017, 03:31:56 PM
 #1613

For the parents I as a future parent that would be 10 to 15 years later. If I have a bitcoins that would make my life great and for my family, luckily if the school accepts bitcoin it would be a great help here as future parent.
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December 20, 2017, 03:39:15 PM
 #1614

For the parents I as a future parent that would be 10 to 15 years later. If I have a bitcoins that would make my life great and for my family, luckily if the school accepts bitcoin it would be a great help here as future parent.

Hope there would be insurance to accept bitcoins too (like the modern type of insurance offered by banks today wherein your deposit is also yielding profit and lock up in certain period of time and you can choose whether withdraw with corresponding earning yield or take advantage of the insurance plan)
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December 20, 2017, 03:45:17 PM
 #1615

I created a separate purse on which I keep coins for my children. When they grow up, I will teach them how to use crypto currency and give access to their wallet so they can manage their funds.
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December 20, 2017, 03:57:59 PM
 #1616

In Cryptocurrency market Price is always in ups and down formula. But Bitcoin is very unique coin which is increasing with faith for investor so bitcoin can be save for children.

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akiraminai
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December 20, 2017, 06:42:24 PM
 #1617

It's basically a good plan to save for the future. But some says that saving at bitcoin can be a waste of time once the bubble will burst. Some also says that there's a chance that bitcoin will be recognized worldwide and will be used as transaction money.

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December 20, 2017, 06:57:54 PM
 #1618

I really agree if I can save bitcoin for my child.
Because bitcoin can be used as a cost for the education of children in the future.
In addition, bitcoin can be a source of income for my family's living expenses Grin
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December 20, 2017, 07:00:33 PM
 #1619

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.
Please do tell me are you satisfy with your investment for your children??
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December 20, 2017, 07:16:46 PM
 #1620

I think it is a good idea to save crypto coins for children's college fund or something. Maybe diversity and buy a couple different ones and store the keys in a safe deposit box.
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