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Author Topic: Saving Bitcoins for your Children.  (Read 23820 times)
kdiag
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February 27, 2018, 04:52:42 PM
 #2341

in any case it is a good idea to keep bitcoin to children, let it be 5 or 10 years old, this will have a great impact on future costs of study and other needs as a teenager
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hacking13
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February 27, 2018, 04:55:13 PM
 #2342

That's a lovely thing to do... more like leaving a Will in cryptocurrency. personally, i feel its a good thing to do, majority of us into the crypto world knows there's a great future ahead for Bitcoin and cryptocurrency trading. Saving portions of some of these coins for one's child can help secure a better future for the chid incase of times when every other things seems to fail, there would be something to fall on.

As of the details, key and all information required for accesing one's wallet.. one can write it somewhere and keep it out of human reach until time needs for someone (hopefully the kid) that needs to know about it, is told.
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February 27, 2018, 04:57:26 PM
 #2343

In the past, the gold was bought by parents and kept for his children. Right now we are in the crypto currency as a key to the transfer of wealth to the next generation or to his descendants. Cool
Your opinion is very good, as the world economy grows we have new ways to transfer wealth to the next generation. The use of Altcoin as a way of leaving property to the next generation is a great idea.

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February 27, 2018, 04:57:57 PM
 #2344

In my opinion, I would buy a cold wallet and only my wife and I know it. 5 years, 10 years or 20 years. That's great for my children! Grin Grin
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February 27, 2018, 05:00:49 PM
 #2345

good question! probably children will need to warn and give in advance passwords, or indicate where they are, what they could use in the future, such a good personal will.
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February 27, 2018, 05:09:36 PM
 #2346

If my own still can’t keep bitcoin to my daughter because I was young and old age is not enough to get married so maybe I can’t keep bitcoin to my daughter, if I keep bitcoin to my child may time I give bitcoin. To my child may be. It’s bitcoin wouldn’t worthless again.But the child’s needs also to know the digital, but just maybe in the era of that will be the next will be there are other coin better than bitcoin, and the coin that would fit to children us in the future.

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MMS2017
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February 27, 2018, 05:20:58 PM
 #2347

if we look at this digital currency nature then the point is clear our children may enjoy the paper money but they will no idea how to use bitcoin and the digital money so it will good to use their bitcoin into some real business then the children will happy and if they interested further in bitcoin and other crypto then they will use their paper money for buying bitcoin in the future once they become adult and the father or family relative will tell them the benefits of the bitcoin and crypto industry.

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February 27, 2018, 05:23:38 PM
 #2348

Absolutely. Even though it's impossible to predict what it would be, this is similar to the war bonds that our grand parents bought for us. However it has the potential to be worth so so much more than those war bonds are worth.

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HimalaCryptoo
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February 27, 2018, 05:35:59 PM
 #2349

Its good idea.but we have no idea about the bitcoin.
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February 27, 2018, 05:41:31 PM
 #2350

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.

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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 don't know if it was already mentioned here, but you might want to look into DigiPulse. They are in the digital inheritance business.
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February 27, 2018, 05:48:48 PM
 #2351

that is gonna be a bonus to you ..it will safe you from stress and depression that will be a nice and smart move from you, props to you.
Saving something every months (fiat, btc) for our childrens it's the best way to give them something to start with, you never know what's the future holds and if now we are able to save something. that's something that everyone should do, think about our childrens! bitcoin is the future your chidren are your future save for them
Sandra9
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February 27, 2018, 05:48:56 PM
 #2352

I think it would be unwise to leave all your saving you intend to give to your child in bitcoin. I think a good way to do it would be to treat it like any other investment portfolio. Maybe leave then some money towards college. A little for their 18th birthday.    Money for a car or deposit on a home. These are probably all thing that would be safer. However if you have enough to get a little bitcoin as well why not. I'm super bullish on the long term potential.
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February 27, 2018, 05:59:01 PM
 #2353

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 is a good thing that we can save bitcoins for a our children because even with just a small amount of coin, it will still grows up and as the time goes by they can use the coin we save in order to use for their future financial problems.

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February 27, 2018, 07:08:11 PM
 #2354

Yes, I plan to leave some bitcoins and other investments for my children, which I do not yet have. I could save money, but when I have kids, it won't be the same amount I put away. Therefore, the storage of funds for the future in bitcoins is the best solution, as it seems to me.

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February 27, 2018, 07:40:36 PM
Merited by fattyforhire (4)
 #2355

Storing bitcoin for my children is a great idea, because I want to provide them with a happy, secure future and a good education, and investments in cryptocurrency will help me to implement it.

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February 27, 2018, 10:12:06 PM
Merited by romandos86 (3)
 #2356

Do you really think,that the bitcoin will live a lot of years?))Maybe it's a joke?))
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February 27, 2018, 10:32:03 PM
 #2357

It's good kind of investment for long run. Wish you all the best!!
Witmeur27
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February 27, 2018, 10:40:49 PM
 #2358

It is worth the shot ! who knows what will be the price of bitcoin in 10 or 20 years...but looking at what is was few months ago...
odakorlina
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February 27, 2018, 10:45:53 PM
 #2359

It is a nice idea to save for future use. I want to save it for there future. I have been working hard here so that I can give my family a better life. Just imagine that your children will be always financially safe and they will not have to fear about tomorrow. However, it depends what method you choose to keep Bitcoin.
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February 27, 2018, 10:55:21 PM
 #2360

In my opinion, I would buy a cold wallet and only my wife and I know it. 5 years, 10 years or 20 years. That's great for my children! Grin Grin
but the main reason is whether bitcoin will continue until our children later then before saving it should do research about bitcoin movement later 5-10 years later

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