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Author Topic: Saving Bitcoins for your Children.  (Read 23820 times)
yolucky
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January 06, 2018, 01:49:45 AM
 #1801

Saving and locking small amount of BTC to your children is wise move instead of whole lot. Good luck!
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andrea.alexah
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January 06, 2018, 01:51:41 AM
 #1802

...Since bitcoins value continues to grow up, I think it is a good investment for our children. I can already imagine how much the value of bitcoin when my children turns to legal age.
datodota002
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January 06, 2018, 01:59:29 AM
 #1803

that's good idea. you can write down your seed and you password on the metal plate instead of paper becase with it can be wet or burn but in metal plate it will water proof and fire proof. i have idea using 3d printer to make coin like wallet thatin that coin it have our seed writen and our address and a logo for different wallet
serverus
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January 06, 2018, 02:34:19 AM
 #1804

There are lot of option where you can put your money to invest and make it grow. For long term investment you have the stock market, real state, bank, business corporation and many more. While for short term investment you have Bitcoin. Bitcoin offers a good profit in short period of time. if invest in these place you can assure a good future for you children.
iyan33
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January 06, 2018, 03:00:37 AM
 #1805

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
good idea tu, I will save my bitcoin keyword to my child when he already know what bitcoin, with the future of our son can be successful

CoffeeForMe
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January 06, 2018, 03:09:09 AM
 #1806

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 it is a good idea, saving your bitcoin for your children or for your children on future. If you know to invest it is a big opportunity you to invest because in investing is the one who can get a big money or btc.
andrei214
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January 06, 2018, 03:15:36 AM
 #1807

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 it is a good thing to save bitcoin for your kids.But yeah the problem is how can they access this saving once they needed it.But it still a good start to think for the childs future.

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bitcoinorcash
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January 06, 2018, 04:03:20 AM
 #1808

This is simple and easy to do. It's what I'm doing for the grandkids. I have a different paper wallet for each of them, and every year I add $X-worth of bitcoin on their birthdays. That makes for nice dollar-cost averaging. And it leaves me in control of the funds, should something unexpected happen in the meantime.
Silberman
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January 06, 2018, 04:04:34 AM
 #1809

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.
But that is exactly the issue, if you write your private keys in a testament anyone that got access to that testament will have access to your private keys, in my country if you have a will your lawyer will keep a copy, so you will need to trust that your lawyer, the secretary or anyone in that office does not steal your bitcoin and the whole point of bitcoin is to not trust in anyone, so you are defeating the goal of bitcoin.
star19
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January 06, 2018, 04:12:41 AM
 #1810

When bitcoin came in this online market on that time i'm not thinking about bitcoin but still now i'm already hold some bitcoin for my little children and for his bright future. I Know now bitcoin is a best saving for all so i'm save bitcoin for my children.
btcrut2017
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January 06, 2018, 04:40:43 AM
 #1811

This is a very good idea. Good for the future of your child. If you have bitcoin to spare then why not. You should also educate your child about bitcoin while he/she is still young though i think he can't grasp all the idea surrounding the bitcoin world because he is still young and all he want is to play. But be sure also to put protection on your child's bitcoin so it will not be put to waste when time came that he already needs it.

Tambu
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January 06, 2018, 04:55:46 AM
 #1812

Saving of btc for the future of your children is kinda risky.
The price in the market is really unforgiving, the fluctuation is high and we dont know untill when the btc is on the stardom of crytocurrency.
The possibility of the worst will always happened and there are a competition between cryptocurrencies it could be someday there are coins that will dethrone the btc then your saving will diminished.
Beside There are no known companies yet that you can deposit your btc and will gain interest.

Traditional currency still good to save for the future of your children. Mutual Fund is a good one.

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miakhanifa
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January 06, 2018, 06:25:48 AM
 #1813

yes, it's a very good idea to store bitcoin for our children so that by the time we die our children continue our investment and our children do not feel the pain.
storing bitcoin is the best way for long-term investments so it's good to pass the bitcoin off of the cheaper property, in contrast to the longer bitcoins will continue to rise in price.
AteenaD
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January 06, 2018, 07:01:09 AM
Last edit: January 09, 2018, 05:02:40 PM by AteenaD
 #1814

Hats off to you. I'm seeing you as a very responsible parent. Your children are lucky to have you in their lives.
Write down all the valuable details and entrust them to your confidante or better yet put it in a safe deposit box. But be sure to have an extra copy just in case.
maikelujang
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January 06, 2018, 07:45:02 AM
 #1815

Yeah, it is a good idea, if we save bitcoin for our children future wise, then of course after 10 or less than 5 years, if we permanently hold it then 1 bitcoin could give us 10% to 100% profit and it is a huge profit to make bright future for our kids. Actually we need money for our children for their education and married and if this problem will be solved behalf of bitcoin. Then it is the best benefit of bitcoin
PepperaOnIt
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January 06, 2018, 07:49:04 AM
 #1816

this is not a bad idea but how can we sure that bitcoin will last until your children needs it, bitcoin now is not so sure to last until a few more years because there is a government that against it. if they agree about crypto currency to become legal. that must be the good opportunity to invest bitcoin for your children.
abhishek273b
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January 06, 2018, 10:41:29 AM
 #1817

 :)He wants to catch fun yes I know... But I'm planning his future for him though he might not know the use of the currency anytime soon.. Smiley
4U
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January 06, 2018, 10:46:46 AM
 #1818

This is simple and easy to do. It's what I'm doing for the grandkids. I have a different paper wallet for each of them, and every year I add $X-worth of bitcoin on their birthdays. That makes for nice dollar-cost averaging. And it leaves me in control of the funds, should something unexpected happen in the meantime.
I think it’s a very good idea to keep save bitcoin for children because bitcoin is very good for saving as well as we know that everything is going so expansive now a days and education is also very expansive so it can help them in their higher education or they can use it for its future it’s such a good currency it can help you in your present and also it can help you in your past and I’m sure that there will be a lot of  people who will do saving for children’s.
mel1978
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January 06, 2018, 10:58:04 AM
 #1819

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 made paper wallet and printed it for security reasons then I kept also my secret password and private key in my USB for future references purposes. I have made some safety measures about my wallets because I want to keep my savings securely and this is a very important thing to do remember it involve money so be careful.
dontoromeo
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January 06, 2018, 08:17:51 PM
 #1820

I do not know if it's very safe to save it in this way. If the BTC falls, where will the savings of the children remain? In the air? so is.
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