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Author Topic: Saving Bitcoins for your Children.  (Read 23819 times)
Gunpaycity
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October 25, 2017, 10:19:52 PM
 #341

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
actually if for the future plan bitcoin can be a tool for good investment, but because bitcoin is in the virtual world and need a key that only we know the key then bitcoin investment should be varied with cash or bank investment so more secure and will not lose investment

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October 25, 2017, 10:36:06 PM
 #342

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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October 25, 2017, 10:41:16 PM
 #343

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

Indeed, bitcoin is just like an asset in which we can give this to our children when the time comes for us to depart them but unfortunately we will just need to save the username and passwords to them in a safe place. Well i suggest that your wife must oriented about bitcoin and how to use the wallets so that in case you depart them still there is someone who can open it for them. Aside from this is still writing down details and put it in the bank saferty deposits in which only them can open it with an agreement that only the time you will depart them that they can open it.
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October 25, 2017, 10:55:08 PM
 #344

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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October 25, 2017, 11:10:35 PM
 #345

I also think like that in order to deal with all the challenges of this world children can compete with healthy for smooth processes bitcoin running smoothly.although the I still married but can help someone baby in the future have a great responsibility of the parents to make him feel the love and attention.

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October 25, 2017, 11:17:18 PM
 #346

I certainly have a desire to be able to save with bitcoin so that in future there is capital for school financing or other financing so as not to cause problems that could interfere with the survival of my family

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October 25, 2017, 11:23:32 PM
 #347

very good for storing bitcoin for the future our children are also trying to keep a safe and others do not know
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October 25, 2017, 11:41:02 PM
 #348

yes , if ever i will have even 3btc to earn for my children it will be a big help for them for their future so that they won't suffer for poverty and they can have a nice life. i love to save if i had a chance.
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October 25, 2017, 11:59:10 PM
 #349

I certainly have a desire to be able to save with bitcoin so that in future there is capital for school financing or other financing so as not to cause problems that could interfere with the survival of my family
I always dreamt to make investments that would able make the life of our family easier. And considering saving bitcoin for my future children is a good idea. Since I told that in future maybe for now I would also considered it as a future plan because there's a lot of things today that I am considering like saving bitcoin for my future business plan, saving bitcoin for my travel adventure and many more. And by the way I wouldn't forget to save bitcoin for my family finance the most important at all.

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October 26, 2017, 12:48:31 AM
 #350

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.

How to make a paper wallet?
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October 26, 2017, 12:49:16 AM
 #351

I think saving bitcoin for our children is like saving any other assets of us.  But here the problem here is no certificate of proof or will that will after a us, give our assets the bitcoins to our next generation.  Because bitcoin is stored and secured by a password and an username and for that anybody can steal that or there are possibilities that our children will not get it, no one get it.  Because the password ends with me.  So saving them for children is bit uneasy,  because now bitcoin is non organisations authority.  Nobody controls it and noone is answerable to anyone.
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October 26, 2017, 12:59:27 AM
 #352

I certainly have a desire to be able to save with bitcoin so that in future there is capital for school financing or other financing so as not to cause problems that could interfere with the survival of my family
Preparing for the future is the best idea. Knowing that we will not stay in this world forever, having btc as a savings is a very great idea at least we are prepared for the incoming and for some emergencies that we can't be escaped. Maybe not just only savings we can do for our btc but it is also better if get into investment, in which we can multiply our money and earned more.

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October 26, 2017, 01:26:06 AM
 #353

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
money laundering, gambling, national arms sales, and other bad practices. These are the basic reasons countries banned the use of bitcoin coins in their countries. They fear their country will become dangerous. Some people really want to use bitcoins in their country but the government does not allow that. So they can only use bitcoin in countries that accept bitcoin

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October 26, 2017, 01:32:17 AM
 #354

this is good question . in my opinion , this really should not be done, because bitcoin can be affected by the market, bitcoin prices can go up and down whenever and the heir, the heir of the legacy must understand bitcoin, has ever playing bitcoin and having bitcoin experience can get that legacy from you. If you leave bitcoin legacy to someone who does not know about bitcoin, what do they do with the coins they do not know to use?

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October 26, 2017, 01:40:40 AM
 #355

 ???Saving BTC for our children or saving Crypto Coins for them?
BTC is projected to continue rising...yes but what will be the peak. What is the highest it will reach. And after that point what happens. It'll likely stagnate and starts another jouney downwards. Another Coin can take its place and start the skyward jouney too. Now the fact is that nothing is constant, except change...even the growth of BTC definetly.
 8)How about saving up BTC for the kids, only for them to get it when it is worth too little to matter. Its such a big deal now and the near projected future but it'll not remain like that forever.
So there is a lot of uncertainities surounding this question. FOr me, I'll keep a BTC as well as a little of many other coins. Playing it save for tomorrow. Wink
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October 26, 2017, 01:43:56 AM
 #356

That is a good idea, but reading what other people are saying it is best to have a good security to keep safe of your information because overtime things can get hacked and you don't wanna lose any of it when you save for your children over the years.
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October 26, 2017, 01:44:49 AM
 #357

I've done that, I've bought 1 btc in the past few months, that I plan to invest my son someday hopefully bitcoin price keep increasing

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October 26, 2017, 01:44:59 AM
 #358

i've got some btc set aside for family

if bitcoin really succeeds, my kids will never need to work at anything they don't want to
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October 26, 2017, 01:49:34 AM
 #359

i am not just saving bitcoin for my children but i also saving some altcoin to them because who knows some of altcoin will still exist when my children grow up and have their own life. i think it will be better if we can give something that might be useful to them and they can use the coins for better life. i think its a good idea if we prepare from now for our children because no one can predict what will happen in the future and i called this as a prevention for something bad that might be happen.

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October 26, 2017, 01:53:16 AM
 #360

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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