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Author Topic: Saving Bitcoins for your Children.  (Read 23820 times)
mejalipat
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January 11, 2018, 08:14:38 AM
 #1921

I join and work in bitcoin as well for my children's savings because in the future they will need a lot of funds and I record all addresses and password key that are also known by my son
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January 11, 2018, 08:15:22 AM
 #1922

bitcoin is a long term investment no doubt that is mind blowing idea of to saveing some bitcoins for your children .I know one person you purchased bitcoins of 5000$ 5 years back for his daughter and now imagine what will be the worth.But yes there should always b someone who knows your password because life is too short we all dnt when where will be our last day of life.
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January 11, 2018, 08:20:54 AM
 #1923

Well, I do not think that it's a smart idea to keep bitcoins for so long! New cryptocurrencies are becoming stronger and stronger, I really doubt that it's a safe long term investment. There is a bright future for cryptocurrencies and it's a good idea to be involved, but you must control your investment on a daily basis. Even thou that bitcoin cost a fortune now, it has never been as weak a today (talking about the market cap).

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January 11, 2018, 08:23:48 AM
 #1924

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.
Yes every month I save a small amount of bitcoin then I deposit for my future of my kids I want secure there future. Saving even small amount its a big help for them cause you do not worry if you a jobless or greedy in coming future. And that account me and my lawyer know that, so that if I'm gone there is someone tell them, cause every parents  want secure the future of there kids.

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cosmoo
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January 11, 2018, 08:23:54 AM
 #1925

I think that our future is in cryptocurrency, but I don't think that Bitcoin is immortal. I will teach my children how to earn tokens Smiley
LongSlip537
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January 11, 2018, 08:26:02 AM
 #1926

I would like my children to use beatcoins.
political1907
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January 11, 2018, 08:29:20 AM
 #1927

We need to continue investing in Bitcoin for our children and ourselves. But invest in yourself and learn about blockchain technology. Because the technology that will shape the future is blockchain.

Manuj
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January 11, 2018, 08:30:48 AM
 #1928

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

There is no other way but for these private keys, passwords, seeds, and the like to be kept in a very safe place or even a fire-proof vault. There is no way these very important information be entrusted to any person for the sake of the future of your children. That is not a safe thing to do especially if these will be given to a person who cannot be fully trusted. I think it is enough for these to be kept in a vault complete with instructions on how to claim all these.
alexsandria
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January 11, 2018, 08:31:57 AM
 #1929

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

That is a good idea because you didn't think about yourself only but you must think also for your future and always be on yourself and put in your mind that in the future you will have your own family. Make sure to save now for your family, your children specifically in order for you to not make yourself hassle at work just to earn and save for your childrens.

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Stimah12
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January 11, 2018, 08:35:16 AM
 #1930

I think the best way of doing it is I would buy an hardware wallet in a security box in a bank (or hidden somewhere safe like fireproof, waterproof, dustproof, etc.) with the instructions and give all the details to another trusted person, that's  more than a will.
usahaali05
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January 11, 2018, 09:03:53 AM
 #1931

I think if you want to invest in bitcoin, you should be prepared with all the consequences. I understand when someone wants to invest dibitcoin on the grounds of high bitcoin value and potentially even higher. But if the problem is related to family or inheritance, bitcoin is very risky if used as an inheritance. What if you invest now dibitcoin, it turns out that next year you die and when you die, bitcoin value becomes very small, causing your invested capital will be lost. I can not describe your family situation at that moment.
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January 11, 2018, 09:09:36 AM
 #1932

This is briliiant idea for the future! as the time goes by, the prices of some digital currencies will goes up too. at that time when your children need it or you want to give it on your last will, you can. so your children will fully funded from digital currencies to ensure their future.
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January 11, 2018, 09:29:55 AM
 #1933

I think this is a very good idea, I will try to do it save bitcoin for my child's future. but the reality is very difficult for me because I have not enough bitcoin. But I will keep trying to make it happen.
JMD07
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January 11, 2018, 09:40:36 AM
 #1934

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
This is a good idea, like when your child reach 18 yrs old he/she can have it. That's a big money by that time. Enough for her to do a business.
Maybe you need a safety deposit box to place your private key that being registered to your child.
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January 11, 2018, 09:43:19 AM
 #1935

I am planning that. Because the next generation is the one who is the most involve when the time happen that cryptocurrencies are already supported by the government and society.
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January 11, 2018, 09:45:25 AM
 #1936

It's a good idea to save btc for our children but who knows how long btc will be alive?

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January 11, 2018, 09:50:51 AM
 #1937

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 if your child is immature, it's better not to be told about bitcoin, but just tell your wife. Later if your child is old and can understand about bitcoin then you can tell your child about the bitcoin you have, so if there is a sudden thing you need for your child then you use bitcoin.
I agree with you. do not tell Bitcoin to our children because if the child knows Bitcoin and understand how to get money then I think the child will not focus again to learn but they tend to make money
No i do not agree with you it depends on how old the child is if it is in puberty it could be more attracted to bitcoin then if it is in prep school i believe age matters a lot when we are talking about money.
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January 11, 2018, 09:54:51 AM
 #1938

Yes that will be great idea , give some bitcoin to my Childrean it would be great investment, i think another 2 years bitcoint wil make us millionaire!

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January 11, 2018, 10:09:53 AM
 #1939

I after making some plans from bitcoin, this will be more important for my children, I will make my wallet and private key will hand it to my child, because I know that my child will definitely need it because for me, bitcoin is an opportunity that best, for the workings of onlein than others. Because for me the future of bitcoin is very successful in the future.

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January 11, 2018, 10:32:49 AM
 #1940

I've got some put away for my kids on my ledger nano.
1st child has 5 years before he can have his share and 2nd has another 10 years to go.
Hopefully it can do well for them and who knows buy them their first car, pay for schooling, deposit for first home ... who knows but in the end I believe in bitcoin and want to give them the best advantage in adulthood.
 Smiley
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