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Author Topic: Saving Bitcoins for your Children.  (Read 23820 times)
Sab11
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January 14, 2018, 11:41:20 AM
 #1981

Ya thats a great idea to save bitcoins for your children for thier future dont spend your money in the thing you dont need so you can save, i will create paper wallet too for the bright future of my children.

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pickledflu
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January 15, 2018, 12:36:43 PM
 #1982

Securing the future of your children is a must if you want them to have an initial step for their own success. Bitcoin is also a way to be able to save up for them.
malika
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January 15, 2018, 12:50:14 PM
 #1983

That is one of my target goal crypto currency savings for my kid. I did start already saving for the future of my kid and i will teach her to manage the wallets when she reach the right age.

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January 15, 2018, 12:59:40 PM
 #1984

I think good idea to saving bitcoin for your Children. bitcoin will give your children a good and bright future.

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January 15, 2018, 05:36:23 PM
 #1985

Yes. Because you need to save for their future. And this is a great opportunity that you are able to buy it now. Years may pass and the bitcoin price will get higher .
Children cannot understand it today but someday they will thank you for saving bitcoin for their future.
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January 15, 2018, 05:36:39 PM
 #1986

Hopefully bitcoin turns out to be better than gold, then it will be the ultimate store value  Cool
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January 15, 2018, 05:50:51 PM
 #1987

I dont think it's a nice idea to store BTC for our future genertion because its highly risky to store in your wallet as one may loose his/her private key and password it turns your wallet unaccesible and you loose your amount and the price of bitcoin may also go down in future... but at the same time it will make children aware about Bitcoin.
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January 15, 2018, 06:10:30 PM
 #1988

I think it was good idea of saving bitcoin in the future of your children. Maybe in the future bitcoin will highly impact in the society. But the problem is if you dont have any btc xD  Roll Eyes

#peace
s31joemhar
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January 15, 2018, 06:29:13 PM
 #1989

it is a wise decision to save a bitcoin for your Children, because when the time comes that your Children get older,
i think the price of bitcoin is so high and your Children can earn daily profit in bitcoin they can also sell bitcoin to start a business. For now earn more bitcoin and hold it for your future family and life.
Lightofheaven
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January 15, 2018, 06:34:11 PM
 #1990

You can save some or just give them a good account and teach them so they can be indipendent when the time come like college or Senior High School
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January 15, 2018, 08:51:52 PM
 #1991

A paper wallet is a good idea, but there are better option. Now gaining popularity device called Cryptosteel, it's a mnemonic cold storage wallet.
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January 15, 2018, 08:54:43 PM
 #1992

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 hope Bitcoin will exist for a long time and it could be passed on to the children. But I do not yet have such confidence.

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rainezerr401
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January 15, 2018, 09:07:20 PM
 #1993

That's good for you and your child, that means you have to teach and introduce bitcoin to your child. But kids usually just want to have fun and a pedestal to learn. So you should not force them to know and do what you do in bitcoin. Let them do what they want. If you want to keep bitcoin for your child but they do not want to know, you can entrust the bitcoin you keep to your relatives and give it to him to give it to your son someday.

You can really save bitcoins for your children since all you need to do is invest and hold it for a very long time if you did not want to work on bounty campaigns or trade. Most of the wife's can really work at home for bounty campaigns and earn a lot of money while take care of their children.

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January 15, 2018, 09:23:56 PM
 #1994

It is pretty smart to save some bitcoin for our children because it might be possible for bitcoin to one day reach 100k or more and when that happens our children will be verry happy.
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January 15, 2018, 10:01:25 PM
 #1995

As much as you save your money in the banks, in real estate or in stocks, I suggest that you should invest more in bitcoin for the future of your children. I believe that there will come a time when BTC will replace our current money and may require you to exchange it with bitcoin, by then the price of BTC is so high that you will be able to buy some few bitcoin, I think that we should invest now and just hold our bitcoin for the future.
Loveydovey04
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January 15, 2018, 10:24:33 PM
 #1996

I dont think it's a nice idea to store BTC for our future genertion because its highly risky to store in your wallet as one may loose his/her private key and password it turns your wallet unaccesible and you loose your amount and the price of bitcoin may also go down in future... but at the same time it will make children aware about Bitcoin.
Ya im also thinking the same. Why not turn your bitcoin into cash and secure it real in the banks or buy an educational insurance or time deposite your money for your children? I think that would also be good and a surer one than storing bitcoin for them. We dont know where will be bitcoins tomorrow in the line.

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January 15, 2018, 10:29:24 PM
 #1997

I dont think it's a nice idea to store BTC for our future genertion because its highly risky to store in your wallet as one may loose his/her private key and password it turns your wallet unaccesible and you loose your amount and the price of bitcoin may also go down in future... but at the same time it will make children aware about Bitcoin.
Ya im also thinking the same. Why not turn your bitcoin into cash and secure it real in the banks or buy an educational insurance or time deposite your money for your children? I think that would also be good and a surer one than storing bitcoin for them. We dont know where will be bitcoins tomorrow in the line.

Cash? Banks? Really?  Tongue What happens when we experience hyperinflation in a few years?

Maybe buy some real estate if you have enough...

Otherwise, bitcoin seems to be a decent solution, at least in the medium-term.
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January 15, 2018, 10:33:07 PM
 #1998

As for my experience Crypto-currency is a high risk, high profit business in a way. Anyway when considering the price change throughout 2017, anyone can catch a huge variance. As per my research fuel of crypto-currency is nothing but psychology of mankind. We all know how unstable is the human psychology. So think again can you allow to depend your children's future in such a risk.
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January 15, 2018, 10:35:59 PM
 #1999

Storing bitcoin for a child's future has a big enough risk, because we do not know in the future when a child grows up whether the bitcoin value is the same as it is now, plus it rises, or even the price breaks. I still prefer to sell bitcoin now and make it as another asset like buying land, home and building a restaurant business.

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January 15, 2018, 10:38:26 PM
 #2000

Keep your coins in a Hardware wallet and make the seed accessible to your children when the time comes.
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