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Author Topic: Saving Bitcoins for your Children.  (Read 23820 times)
specsmuluk
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February 01, 2018, 06:36:33 PM
 #2201

great advice thanks friends. I love this thread because it's good for our children's future so they can feel the result too. for that I will save BITCOIN for our child later in the future .

hopefully BITCOIN last long, until our children and grandchildren can feel the result of bitcoin that we save ...  Smiley
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Creating a Bitcoin client that fully implements the network protocol is extremely difficult. Bitcoin Core and some of its derivatives are the only known safe implementations of full nodes. Some other projects attempt to compete, but it is not recommended to use such software for anything serious. (Lightweight clients like Electrum and Bither are OK.)
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February 01, 2018, 07:00:52 PM
 #2202

I have not thought yet of investing in Bitcoin for my future children because it is kinda risky. But I think this can be considered given that Bitcoin has been doing good for a long run now. But I still need to consider on the passing of Bitcoins. Because the address or the account can only be accessed by me. Maybe I can share my account to a trusted loved one or banks might accept on securing an account username and password for me and passing it on my heirs when something bad might happen to me
To me i think  that for long term investment it will be a good decision, because bitcoin is expected that its price will increase too much, and therefore if a person will hold their bitcoin for next few years he will surely get a good profit from it. But if a person is going to hold his bitcoin for a long time then hee need to buy a good number of bitcoin so that after such a long time he can get a good profit from it.

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minldem
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February 01, 2018, 07:06:10 PM
 #2203

i bought some bitcoin last month and luckily i could sell in relatively high prices and then buy again while it falls. but right now, i am seen as being at loss. if it goes that way, i won't have any bitcoin to save for my unborn childs.
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February 02, 2018, 06:31:04 AM
 #2204

I try happening for handling our bitcoins for as long as possible for my children. My husband and i will have the private keys/seeds stored safely following than instructions upon claiming them inside a safe and come occurring subsequent to the money for the mixture to a lawyer who will as   soon as the period comes. but i will still save some maintenance for them in a bank just in battle.
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February 02, 2018, 06:38:35 AM
 #2205

Keeping other physical asset for your children is very easy but storing bitcoin for your children is very risky because the wallet may be hacked before your children grow to maturity so it needs a high level of security consciousness.
Yeah right your opinion I like your way of thinking about bitcoin.
If we continue to use bitcoin then no wonder if all the income from bitcoin is only for more families more for our children but to maintain security so that bitcoin that we save it can be transferred to another storage to anticipate the loss of coins that are still in the wallet and also requires a high level of security awareness to secure the coin.
Samj16
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February 02, 2018, 01:23:14 PM
 #2206

Well for me its a good idea:) saving bitcoin for your child. I could also consider it, to invest even a small amount  for my child. And thinking that in the future it could be have a bigger value. 

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February 02, 2018, 01:27:55 PM
 #2207

I don't know how it works in other countries but my understanding in the UK (this might also be wrong as I am no expert haha) is that you can gift your relatives/family money in your will and they don't pay inheritance tax etc on it. I wonder if this could apply to BTC in a wallet also or whether they would have to pay taxes on it if they were to turn the them out into cash.
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February 02, 2018, 01:45:27 PM
 #2208

Bitcoin is a worthy investment that every cryptocurrency holder would like to have. Now, irrespective of the current market situation, Bitcoin can be saved for children as cryptocurrency is the way to digital currency and it would be an asset.

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February 02, 2018, 01:52:38 PM
 #2209

I think no because BTC must be use because BTC value change every time
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February 02, 2018, 02:00:12 PM
 #2210

Not only our children and even our grandchildren can feel it. Provided that we remain consistent continue to invest in bitcoin. With the development of bitcoin in the community hopefully can last long and continue to be successful

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February 02, 2018, 02:10:49 PM
 #2211

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

Every one investing in bitcoin for their children's. Your doubt is true if I hide all the details about Bitcoin wallet from every one no one will get these coins.
So I have a plan, I will give all the details about my bitcoin wallet's to my partner and also I will give little bit details for my children's if they got mature.
RakelA96
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February 02, 2018, 02:22:34 PM
 #2212

That's a very good idea but i  think it is too early to start saving for your future family. It still a long period from now to that day so stock the bitcoin you make for yourself now and realise your desires first. Besides, you never know what will happen in the coming years and what state will bitcoin be in so take advantage of it now and leave the long future goals for now.
Souldream
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February 02, 2018, 02:35:41 PM
 #2213

Well for me its a good idea:) saving bitcoin for your child. I could also consider it, to invest even a small amount  for my child. And thinking that in the future it could be have a bigger value. 

It's definitely a good idea, not even for your children but also for your future business, career and also for your family's future, their needs daily needs rather and many more. There's so many things we have to consider in future, and the most interesting thing that you should provide on yourself and to your family or even to your future children is the financial freedom.

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kkukkugaga
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February 02, 2018, 02:36:29 PM
 #2214

Saving btc for your children is really the best thing you can do. Adult work hard for their children, same thing as some parent users here. Some maybe for personal use but most are investing for the future of their children, their family. You can create a MEW for personal use of your child but make sure to never forget the password. You can choose when to give that wallet to your child. But as of now, if your child is at a very young age and you're saving btc for him/her, then you can keep that wallet and give it to him/her at the right time.

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February 02, 2018, 02:40:40 PM
 #2215

 
it will be good for my kids for as long as they grow up learning this bitcoin can save them for themselves. Let them do what they want. If you want to keep bitcoin for your child
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February 02, 2018, 02:47:07 PM
 #2216

Saving bitcoins for your children? Well it is possible but there is a risk on it since the value of bitcoin is unstable. THe best option to save for your children is to be very decisive when to buy and hold your bitcoin.
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February 02, 2018, 03:01:20 PM
 #2217

Saving Bitcoins for your Children is a good idea. I only have one concern. What if I forgot the password or pass away and my children have no access to my wallet?
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February 02, 2018, 03:04:36 PM
 #2218

It is a good idea to buy Bitcoin and save it for our children. I think in there time, the amount of Bitcoin is rise. Saving for children is a smart move, it is the best way to give them something to start with. This is for their future. But better be sure it will keep it in a high level security, so that if the time comes they will grow, it's still in there.
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February 02, 2018, 03:12:13 PM
 #2219

Bitcoin can be a good financial support for children. Especially the accumulation of altcoins can provide a beautiful inheritance for children.
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February 03, 2018, 12:20:30 PM
 #2220

Good idea to save some bitcoin for your children.
Just keep it on paper wallet, and forget it for 20 years.
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