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Author Topic: Saving Bitcoins for your Children.  (Read 23820 times)
glowing10
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December 26, 2017, 06:39:31 AM
 #1741

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.

Who know this could turn out to be true if bitcoin keep rising at this pace without much hindrance from anywhere. Though it is not a realistic but still atleast i can rise much more than what it is at present and you can easily make some money by even investing now and selling later when it rises which can help your children.
 

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December 26, 2017, 06:44:31 AM
 #1742

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

A bit risky but somehow a good idea. It is just that there's nothing sure about it. This plan must move qlong the rise of bitcoin. If this would continue then it can turn out a good saving you could give to your children.

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December 26, 2017, 07:37:08 AM
 #1743

I think it is really a great idea to save bitcoins for our children. It will help us a lot in the future if we are saving the bitcoin for our children. The fund for our children will be need a lot for their food, clothes, even their education.
This is so nice that your uncle is saving bitcoin for his children. His children are really going to be thankful to him in the coming years when bitcoin will be the most expensive commodity of the world. We all should understand that it is just like property and we should collect bitcoin for our future generations so that they can spend lives in the best possible way. Your uncle is a very wise man and you should also follow him.
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December 26, 2017, 10:21:35 AM
 #1744


I see many of us investing in stocks , shares, bonds,forex and now crypto currencies especially BTC for higher returns and good future of our survivors. This has been prevailing for some time now and i also see many of us remove their profits and keep the principal amount as it for getting more returns, thats also a good strategy. I would have compounded it for much more good returns instead of withdrawing it partially as BTC has a long way to go.

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December 26, 2017, 05:26:24 PM
 #1745

Well all I know is this is possible. What is more is that it is not yet taxed as of moment. Hence, any transfers until taxation has come full circle will definitely benefit the transferee because the latter will receive the full amount allotted to him/her.

I have read that there is an automatic transfer to your heirs should you die if you set in your Bitcoin accounts a time frame as to when you will effect such transfer.

While this idea is futuristic, we still have to await and see for ourselves how long can Bitcoin make it. Otherwise, all our Bitcoin wealth will be at naught.
Personally I think a better idea will be to create some sort of smart contract that requires you to enter a password at least once every year if a full year passes without you entering a password the smart contract assumes that something happened to you and sends your bitcoin to an address that you specified in the smart contract, that address will be obviously controlled by your heir.
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December 26, 2017, 05:56:57 PM
 #1746

Seeing a good prospect of bitcoin for the future does not hurt us to store bitcoin as much as possible because with that we will secure the supplies for our children later, especially now more and more projects are done using bitcoin. It will make bitcoin a top choice for investors even though the risk is proportional to the profit earned.



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Rainbot
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December 26, 2017, 06:11:09 PM
 #1747

From me it is a great thing that you use bitcoin in securing the future of your children.
Bitcoin is the best company suited for your investment since they provide a high yield of interest and high security so you are assured that your moeny is in the right hands.

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December 26, 2017, 06:42:56 PM
 #1748

I think the greatest asset now is to make bitcoin and save it for your children, because it have more advantage over banking money for your children, it can increase within a blink of an eye. Just image someone that bought bitcoin in2008 and store it for his children, how will you classify that investment.
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December 26, 2017, 06:50:48 PM
 #1749

If we aim to save bitcoin for the child's future, we should make details about the address and key of bitcoin and store safely, write testament to the child about it. So when we're dead, our children can sell the bitcoins we keep safely.

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December 26, 2017, 06:53:14 PM
 #1750

Saveing a bitcoin is good it will be considered as an assets in future days it will be helpful for your children
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December 26, 2017, 08:02:23 PM
 #1751

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
it would be great if it could be realized because currently only Bitcoin holders know their ID and Password wallet, and if the Bitcoin holder is dead then his or her Bitcoin will disappear with him or her , hopefully, in the future, there will be such a trustworthy bank store ID and Password along with his or her heir ...

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December 27, 2017, 07:17:16 AM
 #1752

Sounds good to me specially if when they grow up the bitcoin is still alive in the crypto currency world,
And I hope that when that time comes the price of 1 bitcoin would be so high .

   
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December 27, 2017, 07:36:32 AM
 #1753

Well I'm not sure about having kids but saving a bit for my future is my big priority now escpecially today that bitcoin is the most valued and has the highest value in the market of all cryptocurrencies. It would be a great idea if you could have as many bitcoins as you can today and store them so you can use them later in your retirement in another country where your bitcoin will be worth a million.
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December 28, 2017, 12:52:21 PM
 #1754

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)
Other wallets are also secure mate and the main thing is deliverance of bitcoin to the children and for this purpose a person has to buy bitcoin and hold it for long term and then give it to his children and those children will be very happy getting bitcoin and as bitcoin trend get started I think bitcoin will be included to the inheritance system as well so let see when I will get a bitcoin from my father to achieve enormous money,

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December 28, 2017, 12:56:31 PM
 #1755

Im not sure about this. Well for a long run, you may invest in these cryptocurrencies and see if they last long enough and grow exponentially by the time your kids grow up. A person just have to believe that digital currencies will live long.
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December 28, 2017, 01:11:56 PM
 #1756

If we aim to save bitcoin for the child's future, we should make details about the address and key of bitcoin and store safely, write testament to the child about it. So when we're dead, our children can sell the bitcoins we keep safely.
Saving bitcoin for our children is something that I think is unnecessary because we can not know in the future, bitcoin will still be popular or will continue to grow or not, saving bitcoin too long will not bring too much meaning if at the point of the future, the price of bitcoin fell sharply. We should sell bitcoin at an appropriate time, when the price of bitcoin reaches the highest level, it will help us to have some savings for our children in the future, this will be better than holding and waiting in the long run

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December 28, 2017, 01:14:55 PM
 #1757

From me it is a great thing that you use bitcoin in securing the future of your children.
Bitcoin is the best company suited for your investment since they provide a high yield of interest and high security so you are assured that your moeny is in the right hands.
Yes it was definitely a great thing to consider now that your earning a high profitable income in bitcoin. It always a great opportunity to look forward for a good future of your children now that your strong enough and can be able to gain those earnings while your children are still young.

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1969Dave
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December 28, 2017, 01:16:48 PM
 #1758

Exactly my thought, my plan is to keep a hardware wallet in a security box in a bank ... 

Blue Bell
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December 28, 2017, 09:52:47 PM
 #1759

Seeing a good prospect of bitcoin for the future does not hurt us to store bitcoin as much as possible because with that we will secure the supplies for our children later, especially now more and more projects are done using bitcoin. It will make bitcoin a top choice for investors even though the risk is proportional to the profit earned.
It’s a very good idea to save bitcoin for your children’s because bitcoin can be use today and tomorrow as well if you start saving of bitcoin today so when your children become you it can help them in their higher education but also it can help them in their practical life so I think everyone must start saving of bitcoin because bitcoin price will be more high in future and it will be more strong then ever so I agree with you that saving is best.
Ekimzjames20
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December 28, 2017, 10:49:51 PM
 #1760


From now get bitcoin for the others income to use the financial problem especially to familly.If i havve more bitcoin or other extra income i saving that for the future someday of my children.That i using bitcoin for saving.

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