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Author Topic: Saving Bitcoins for your Children.  (Read 23820 times)
ClumsySmile45
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December 26, 2017, 01:57:05 AM
 #1721

There is no assurance in bitcoin. Better to put that in your mind. If you are going to save some for your children make sure its in cash or other than currency, rather in coins.
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popoypalaboy03
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December 26, 2017, 02:41:47 AM
 #1722

I would not put everything in bitcoin as we don't know what the future will be. Bitcoin could loose much value if Western governments choose to support alternatives and make trading of Bitcoin much harder. It could loose much value from competitors too but i suppose we would see that coming.
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December 26, 2017, 02:48:13 AM
 #1723

I think leaving bitcoin to children is very appropriate and useful, we all know that bitcoin will be beneficial if we saving for a long time (more than 5 years) and we are obliged to teach bitcoin to our child.

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ClumsySmile45
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December 26, 2017, 02:53:41 AM
 #1724

I would not put everything in bitcoin as we don't know what the future will be. Bitcoin could loose much value if Western governments choose to support alternatives and make trading of Bitcoin much harder. It could loose much value from competitors too but i suppose we would see that coming.

Correct, if you are really concern for your children's future. I think you should cash out your profit and invest on a business that is more stable than relying in bitcoin.
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December 26, 2017, 02:55:05 AM
 #1725

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
This is a very important thing since we are not aware when we are going to die and the money we've earned should go on the right people in the right way. I don't think this matter is already solved and managed but it will really be a good thing if ever. We all want out family to inherit our wealth so bitcoin should really be aware with this kind of situation to avoid troubles.

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GooddyLife
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December 26, 2017, 02:56:41 AM
 #1726

seems a good idea but if the government blocks the bitcoin in my country ill end up losing everything

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December 26, 2017, 02:59:49 AM
 #1727

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

Yes l have to set aside  for my kids for their future  because that's my plan when I have at bitcoin. As a single mom l have to think about first for my family needs. Saving is very important now because of bitcoin price now is very expensive. I can profit a big amount and save a big amount for the coming future.

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December 26, 2017, 03:00:59 AM
 #1728

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
For me, saving bitcoin for my future children is very important. I don't want them to have trouble with their finances that's why I am working hard right now for them to inherit my riches in the future. Having this kind of thing in my hand is a good thing but I think it should be prioritized on how this matter wouod go on if ever something bad happens to me. Bitcoin is very beneficial so I hope this will be fixed.

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soma50
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December 26, 2017, 03:07:05 AM
 #1729

You can create a paper wallet for your child and every month a small amount of money can be placed in Wikipedia .You can be kept in a secret place. Only you and another person know. I did that.
ClumsySmile45
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December 26, 2017, 03:09:33 AM
 #1730

You can create a paper wallet for your child and every month a small amount of money can be placed in Wikipedia .You can be kept in a secret place. Only you and another person know. I did that.

I don't think it is a good idea. Placing your wallet address and password in an online directory. Better to have a hardware wallet if you want to keep something for your children.
nheychan
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December 26, 2017, 03:15:16 AM
 #1731

I guess its a good idea than getting an educational plan for them. Because many life plans company closes due to bankcuptcy. I am just saying.
Coinsher
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December 26, 2017, 03:35:45 AM
 #1732

Yeah for sure.Saving bitcoins would the best way to save now for our children.Unless we need cash right now.But if ever we don't need yet,in this way we can prepare and plan to send them in a private and better school.We always think first our children before ourselves in order to have them a brighter future.And bitcoins will be useful to that because it is unpredictable.Before on 2009,Satoshi Nakamoto created bitcoins and it has no value.But after 8 years,bitcoin a digital currency is now very popular and who's value reach in 14k USD.If we only save early bitcoins,maybe our children's future now are secured.

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Arisgado
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December 26, 2017, 03:37:32 AM
 #1733

Saving bitcoin for your children is really good. I'm saving not only bitcoin but other crypto currency that has potential in the future. I want to save bitcoin also not only for my child but also for our family so that we can have a happy life.
Janation
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December 26, 2017, 03:44:18 AM
 #1734

I guess its a good idea than getting an educational plan for them. Because many life plans company closes due to bankcuptcy. I am just saying.

Saving bitcoins for them is not a bad idea, but there are still some problems with bitcoin that might be a problem to that plan. And I think the first thing we must consider is where will that children use that kind of money if let's say the price of bitcoin is so expensive? I think it is best if there are some people who will hold it for them and guide them on using and spending it.

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December 26, 2017, 03:56:46 AM
 #1735

Yes obcourse i was saving some of my earning bitcoins for my children. We dont realy know what will happen to us in the future so mucb better if we already arrange some of our income for the futures of our childrens.

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December 26, 2017, 04:16:05 AM
 #1736

This is very much possible and since the only way we can get into the account is thru the pass codes in which we can keep it safe by tucking it somewhere safe. Saving bitcoins for the kids is actually a perfect idea for a long term investment and i think one way you can keep the codes is by keeping them in vaults that only these kids can open. But of course, you have to keep track of the value because, of course, its important so you wouldn't be losing any amount.

Asmonist
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December 26, 2017, 04:22:05 AM
 #1737

Yes of course. This can be one of the purpose. Its like saving a trust fund for you children when they get at the right age. It can motivate you more to earn bitcoins for children's future. You can use it on there education and medical expenses as well. Its so good to save bitcoin for a particular purpose to have direction on your bitcoin whereabouts.

 

 
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Bacotan Bae
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December 26, 2017, 04:31:40 AM
 #1738

Saving bitcoin for our children is a good thing, by setting up bitcoin for them will certainly make their future better and we should know that the cost of education in the future is so expensive that bitcoin can be a good solution.


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Kadal Ijo
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December 26, 2017, 06:03:03 AM
 #1739

Saving bitcoin for children is perfect, if we saving now $ 1000 then another 10 years will reach $ 1,000,000 and with $ 1 million will make the future of the child better.

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December 26, 2017, 06:37:14 AM
 #1740

Saving bitcoin for children is perfect, if we saving now $ 1000 then another 10 years will reach $ 1,000,000 and with $ 1 million will make the future of the child better.
According to the current development of bitcoin, I think nowadays buying a bitcoin is about 15,000 U.S. dollars. After five years, visual observation will bring more than 100,000 U.S. dollars to the children.

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