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Author Topic: Saving Bitcoins for your Children.  (Read 23820 times)
@rt27
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February 28, 2018, 05:17:46 PM
 #2381

There was a quoted that says preparation is better than cure. So, investment in early child is better than the preparation of the old age. The earlier, the better.
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February 28, 2018, 05:20:14 PM
 #2382

Actually saving bitcoin for my children is good for me because im thinking about the future of my children. Before i prioritize those i like to buy those items .
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February 28, 2018, 05:22:08 PM
 #2383

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 that's a pretty good idea. Now bitcoin is a good way to invest. It is widely believed that the price of bitcoin is not high, and the price of bitcoins in the future will reach $100,000. The bitcoin you're investing in now will turn into a great asset when your children grow up.
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February 28, 2018, 06:01:26 PM
 #2384


In my point of view its not advisable ,for short term investment bitcoin is good.
if all countries legalize or regulated bitcoin, means good for both short term and long term investments.
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February 28, 2018, 06:34:16 PM
 #2385

Who knows what will happen to bitcoin in 10 years for example so it's not smart enough to save bitcoin for children. Much better to save your money in gold or other time tested stuff.
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February 28, 2018, 06:39:31 PM
 #2386

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

You can write the login details for the exchange on a paper and put it in a locker. This approach is not advisable in my opinion if you have children below 5 or so. By the time they are 20-25, bitcoins might not even exist.
mrsandhu0
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February 28, 2018, 06:45:48 PM
 #2387

With my thinking it is not smart thing to saving a Bitcoin is essential for childrens. Like others  Stock, exchanges, etc. Much better to save your money in gold or other time tested stuff.
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February 28, 2018, 07:13:14 PM
 #2388

Hello, tell me how to withdraw your money? And in general, who is investing? Where?
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February 28, 2018, 07:50:18 PM
 #2389

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
I totally agree. I would store bitcoins for my children and when they grow up, they can fully benefit
It is good to store bitcoin for the long time, because with time bitcoin use to increase in price and get high in demand as well so if you will make bitcoin as a store for the long time, in future you will be very happy, it will not make you suffer lose and lots of money, as fast he life is running it is very important to have something save for your future, so in time of need you will not be worry. Investment is good for you and your children, your family as well.

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February 28, 2018, 08:43:34 PM
 #2390

On this topic I always advise saving a diverse number of many types of assets for your children.   If you put it all into one thing, it could be like saving compact discs or Polaroid shares/stock for your children.  
I'm im thinking the other way. 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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February 28, 2018, 09:12:20 PM
 #2391

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

Bitcoin is still working for its stability compared to real money where you can open a savings account and you have proof such as passbook and documentations that the money is yours, bitcoins are paperless. But I think it is still an intelligent idea to save bitcoins for your children because its value is still high and increasing and your children will soon have stability, thanks to your bitcoin investment. Although it is risky, successful person always take risks.

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February 28, 2018, 10:04:39 PM
 #2392

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

Saving bitcoins for your childrens future is too risky with all the reported hacking. But if there are methods in securing your wallet this maybe possible. Or at least you can convert some into an assets like purchasing house and lots or insurance.
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February 28, 2018, 10:18:38 PM
 #2393

Its good to save bitcoin for children in the future, no one can predict what happen to bitcoin in the future.


This is a good idea but make sure to secured your account cause nowadays lot of scammers are just hanging around looking for their prospect victims. So if your planning to invest some Bitcoin  for the long time so should see to it that you have secured you account and always check it day by day so you could monitor your investment.
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February 28, 2018, 10:33:24 PM
 #2394

Saving bitcoin for my children? Of course im gonna save some bitcoin fo my children because my children can help themselves for their future but before I died, I will make sure my son knows how to used that bitcoin and teaching them also a good characters for communicating others to become a good stewardship or we can call it keyholders... Wink

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Traderbtcc
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February 28, 2018, 10:38:43 PM
 #2395

Its good to save bitcoin for children in the future, no one can predict what happen to bitcoin in the future.


This is a good idea but make sure to secured your account cause nowadays lot of scammers are just hanging around looking for their prospect victims. So if your planning to invest some Bitcoin  for the long time so should see to it that you have secured you account and always check it day by day so you could monitor your investment.

It's not even about keeping and monitoring it away from the prying eyes of scammers. But storing bitcoin and safeguarding the private keys isn't like the normal sci-fic movies where the kids finds the private keys when they've come of age. It might just turn out to be a loss if the parents dies without adequately informing their kids of the fortune and how to go about obtaining them. Another thing to be considered is the volatility.





rosepetals
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February 28, 2018, 10:39:19 PM
 #2396

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
We did the right thing for our children and we do sacrifice just for them,through this forum and the existence of bitcoin helps alot for their future,our future as well.We did our best inorder to gave them the best that we could ever give.Thanks to bitcoin.pretty sure we can make their future brighter.
FiiNALiZE
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February 28, 2018, 10:49:42 PM
 #2397

Actually saving bitcoin for my children is good for me because im thinking about the future of my children. Before i prioritize those i like to buy those items .
That is pretty cool. I would like to have some Bitcoin for my kids, I guess that I have to purchase more.


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Masongrae
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March 01, 2018, 01:34:48 AM
 #2398

Of course I will save bitcoin for my children and the rest of my family members, they are my priority, and teach them as well how to work with bitcoin, and to learn how they will earn or to make it grow, so they will also save for thier own future.

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March 01, 2018, 01:42:26 AM
 #2399

One of my major aim is to start saving bitcoin for my children, going by the speculations of prices of bitcoin reaching $10,000 in few years to come  this will serve as a huge investment and insurance and I am also planning to educate my children the  basic elementary information they needed to know about bitcoin.
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March 01, 2018, 01:46:01 AM
 #2400

Of course I will save bitcoin for my children and the rest of my family members, they are my priority, and teach them as well how to work with bitcoin, and to learn how they will earn or to make it grow, so they will also save for thier own future.

I strongly agree, family first, In just 1 bitcoin with a high value, it helps a lot to sustain my family needs, and even school needs for my children, then I will invest it for own small bussiness as a start to have stable income.
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