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Author Topic: Saving Bitcoins for your Children.  (Read 23821 times)
Arisgado
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March 28, 2018, 10:51:42 PM
 #2621

If you want to keep bitcoin for your children future, then that is entirely up to you. But it's a good idea to apply to those who wants their children to have a good future. Because, the bitcoins will survive, but if your plan succeeds, your children will have a lot of good. However, It seems kinda complicated. Who keeps the private keys.
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miyong
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March 28, 2018, 10:59:14 PM
 #2622

Saving for the future of your children is a good idea, it is a very right and wise thing to do as parents.  As you get older and cannot work anymore,  you can use those saving for your children 's future expenses.

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March 28, 2018, 11:08:32 PM
 #2623

Maybe someone has already suggested this.  I would just put it on one of your spare hard drives.  You could do this and wouldn't have to worry about someone stealing it.

Good luck with everything.  Just try your best to keep your assets safe.
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March 28, 2018, 11:09:35 PM
 #2624

You can write down the seed words to the wallet that holds the coins and send them to separate lawyers/deposit boxes or to some other supports you think are suitable.
It would be a great idea for us to hold bitcoin for future children of yours so if i have given a chance i would love to hold for my children in the near future because we dont know what will happen in the future so thats the great idea, we should think our future and what will happen in the future, lets think our future so we must hold some bitcoin and save for our childrens future.

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March 28, 2018, 11:12:42 PM
 #2625

Oh yes,it wasn't a good decision but i think it can help those children if we keep it to the future it can help there tution paid, their needs, also they can even ask you to teach how to use btc.
Dorion2124
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March 28, 2018, 11:18:00 PM
 #2626

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.

Oh this is a good idea Smiley i could do this too for my children. Because now i just save it in a file and me is the only one who knows my password. I would share it to someone also so that if i die theres something who know my earnings and they can use it for my daughter.
patrickj
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March 28, 2018, 11:19:54 PM
 #2627

I don't imagine that is a smart thought, in light of the fact that bitcoin is so unstable and there are as yet numerous negative issues that can not be beaten, so bitcoin isn't exceptionally persuading later on, in light of the fact that the legislature can forbid bitcoin from circling once more, and all the bitcoin that has been in the tube vanishes , should my recommendation spare with paper cash, as a store in the bank.
miang
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March 28, 2018, 11:21:05 PM
 #2628

It is good that we are thinking tge future of our children. But I also think that our own savings is also enough for our child/children since I think that, that is also the same. Our money is also their money too, we save for them and we save for their future purposes. Savings bitcoins for our children will be a good way to earn since we all know that bitcoin is increasing its value.
rxtwo
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March 28, 2018, 11:24:01 PM
 #2629

I'm saving my half of my bitcoin everymonth for my childrens . because 10  years from now they will be attending colleges and I want them to go to college so investing in btc is one of my options since the prediction for the price 5 years from now could reach as much as $25000. that's a huge value so I already told them about btc and how it works.
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March 28, 2018, 11:24:37 PM
 #2630

The child is the future and the successor of a life of the nation. We should save some of our money in the bank (recommended) and some in Bitcoin (but not recommended). Due to the fluctuating price of Bitcoin, it can make your money less valuable in the future.

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March 28, 2018, 11:27:36 PM
 #2631

I'm saving bitcoins also for the future of my children because I believe that it would not be this year or next year that I will be needing the coins I am keeping so I just keep on adding until the time that I would have enough bitcoin for my kids' schooling expenses.

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March 28, 2018, 11:30:25 PM
 #2632

I don't imagine that is a smart thought, in light of the fact that bitcoin is so unstable and there are as yet numerous negative issues that can not be beaten, so bitcoin isn't exceptionally persuading later on, in light of the fact that the legislature can forbid bitcoin from circling once more, and all the bitcoin that has been in the tube vanishes , should my recommendation spare with paper cash, as a store in the bank.

Agree, or use the bitcoin as source of income. Additionally convert the other bitcoin to fiat and save it to the bank like what you said. And if bitcoin price will increase its a gift because you earn without doing, or if this will fall atleast they have save money to secure the children future.

Oh yes,it wasn't a good decision but i think it can help those children if we keep it to the future it can help there tution paid, their needs, also they can even ask you to teach how to use btc.

I think it is good if you have now and then it will be use in the future or let say for children future needs. Bitcoin is beneficial if you choose the long term way of earning. Because as long as bitcoin become old the user increase and the price also increase.

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March 28, 2018, 11:38:26 PM
 #2633

I think it’s very smart idea  for your future and your child. we all believe that bitcoin in the future price will go up. if you have a bit of bitcoin, try to save it for your children future
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March 28, 2018, 11:40:59 PM
 #2634

that's 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!

I would buy an hardware wallet in a security box in a bank (or hidden somewhere safe aka fireproof, waterproof, dustproof, etc.etc.) with the instructions and give all the details to another trusted person, that's it.

I agree. But, that can only prove to be a good move if Bitcoin's value would rise up until such time that whatever amount of Bitcoin would be assured to gain a good value even if converted to any prevailing currency. The thing about Bitcoin right now is the fact that we're not sure just yet what will happen to it, for it may either prosper or burn out depending on how people will support it in the coming years. Even if it has been there for ten years, it's still in its baby stages, so there's a lot of things left to happen.

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paras20
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March 29, 2018, 12:02:29 AM
 #2635

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
Yes bitcoin is one of the great investment for your children for their educational needs for their future someday
soramon
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March 29, 2018, 12:12:29 AM
 #2636

Saving bitcoin for future is a good move. I think i will do that for my future children. Buying some stuff with bitcoin and save some. Just in case If the value of bitcoin go down in several years. I like to watch the progress of bitcoin

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March 29, 2018, 01:09:06 AM
 #2637

The good idea to save bitcoin for the future of children is a very good plan because along with the development of child age of course the bitcoin price will be higher, in addition to saving bitcoin of course has many advantages that we can get but at least we can also prepare our children in the future, I think it is also beneficial for children in the future to understand and understand the meaning of the bitcoin function
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March 29, 2018, 01:29:36 AM
 #2638

There are only 21 bitcoins in the world, and the majority of them are held by a handful of people.
It is really a good idea to save a bitcoin for our each of our children, but it can be done by only a few people.
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March 29, 2018, 01:41:39 AM
 #2639

Saving btc is really a good idea since it is for your future purposes. I think, investing on btc is better than investing on banks because right now, banks are having issues. You can use btc for life time unlike banks that are limited. If you're planning to have family soon, well saving for your children through btc is nice choice. It still doesn't matter to me to save for my future child but I'm right now saving for own.

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dedmaroz
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March 29, 2018, 01:44:01 AM
 #2640

This is a good idea, I want to save it for my children's future purposes and advance saving for my family too. I hope my children's future will so bright with bitcoin. So I keep bitcoin to them, because bitcoins is one of the best things can invest and has really good potential because the prices are increasing each year.
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