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Author Topic: Saving Bitcoins for your Children.  (Read 23819 times)
Larva14
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October 28, 2017, 06:04:40 PM
 #501

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

This issue would be most likely be problem in the near future since there are a lot of people now getting into cryptocurrency. There is no assurance wherever you put the information of your keys or wallets. It is hard to negotiate with your lawyer since this is a new case for them. The only good way with lesser risks is that you have to trust your love one for safe keeping.
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October 28, 2017, 07:50:30 PM
 #502

Laser etched precious or semi-precious metals. This would be fire and water resistant and it would be less likely to be lost or thrown out accidentally.  Then all you would need to do is get the key/passphrase or seed to them. 

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October 28, 2017, 07:58:12 PM
 #503

Some people use safety deposit boxes, which store the password or usb stick.

Then they bequeath the safety deposit box to their heirs.

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October 28, 2017, 08:48:07 PM
 #504

that's a very good idea invest bitcoin and saving bitcoin for your children in the future
your children will have a financial freedom if they know how to manage trade a bitcoin
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October 28, 2017, 09:23:13 PM
 #505

You can do this as if it's like a last will, LOL! But while your kids are quite young, let them explore the world of cryptocurrencies, try to explain them what bitcoin really is. And let them create a wallet, teach them all the things that they have to know and don't tell them that they've got something for their future. It will be a great birthday present when your kids started to grow up and if they reached the legal age, tell them that you've got some bitcoin for them.

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October 28, 2017, 09:34:37 PM
 #506

As of now i dont have a children because Im single and Im not ready to become a dad. But if I have I think I will sure keep also bitcoin for my son or to my daughter for their better future but I will not save it all because Its better to save your money in bank so even what happen to you the bank will be process of that. Because we dont know also when bitcoin gone what if your son needs money and the price is very low in the future.

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October 28, 2017, 10:03:32 PM
 #507

Saving bitcoins for your children wpuld be a good idea and a good example of a great parent. Saving bitcoin for your children could also help to pay all of your expenses at your home and providing all of your basic needs. It could also help you for future purposes and helps you to pay their tuitions at their schools.
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October 29, 2017, 12:23:24 AM
 #508

I dont have childrens, and I dont plan to have them in the near future, Im too young for that  Cheesy, but if I had, of course I would save some bitcoins for them
They'll be multimillionaires by the time they reach my age
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October 29, 2017, 12:31:35 AM
 #509

I have started saving it now. I did not saved before. I had couple of bitcoins in 2014 while it was 2004 only, I did purchased them but then I wasted them on spending useless online games and stuff like game cards. Now I am little more mature and started saving them for my future.

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October 29, 2017, 12:34:58 AM
 #510

I'm still very young, so i don't have a though to have children yet, near in the future.
For me, now i'm investing bitcoin for myself. So after i graduated from college, i already had enough assets and can live my life well.
But maybe after i have a proper job and many bitcoin savings, i'll spare some for my children in the future. So they will have a nice life and doesn't need to worry about anything anymore.

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October 29, 2017, 01:42:20 AM
 #511

I have started saving it now. I did not saved before. I had couple of bitcoins in 2014 while it was 2004 only, I did purchased them but then I wasted them on spending useless online games and stuff like game cards. Now I am little more mature and started saving them for my future.
Bitcoin is to worth to spend for something useless.  We  better to safe bitcoin as many as we can now,  the price will keep increase. Saving another altcoin is also good but usually those coin prices are just pump and dump in certain period, so we need to be carefull with this.


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October 29, 2017, 01:59:46 AM
 #512

There's no problem saving bitcoin for your child in the future because in the future he can use bitcoin for his daily needs and he can further develop bitcoin for his son someday Wink

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October 29, 2017, 02:11:25 AM
 #513

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.
thats great. I want to try for my son.
thanks guys for your opinion , Iam believe for few years Bitcoin will be to the moon again.
if Iam save bitcoin smaller amount but always to be continue , so thats balance can make register for enter school. Cheesy

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October 29, 2017, 02:26:02 AM
 #514

This is a good thing for assuring the future of our children. We work hard right now just to give them the life that they deserve so by saving bitcoin now is like saving their future as well. So now I'm saving as many as I can, yeah sometimes I spend some of it but I make sure that I spend it to necessary things. And when things went unfavorably I make sure that I put my paper wallets where my children know where I hide it so they can still use it when they grew up.



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October 29, 2017, 02:29:03 AM
 #515

That would be great to think to save money or bitcoin for your children, but honestly that is so big risk at all, to think the unstable price of bitcoin (this is not to be negative on bitcoin but to be realistic), the price in the future varies to the investors we have now and the future.
Just always pray that there will be new big investors to come for that
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October 29, 2017, 02:44:13 AM
 #516

That is also a good idea. In the next few decades,maybe btc will grow rapidly around the world and btc prices will be several tens or even hundreds of times now. So if you save your kids some btc right now, then perhaps they do not need to worry about money later.

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October 29, 2017, 02:46:53 AM
 #517

Yes I think its also good, we can prepare their education cost from now.

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October 29, 2017, 03:01:54 AM
 #518

That is also a good idea. In the next few decades,maybe btc will grow rapidly around the world and btc prices will be several tens or even hundreds of times now. So if you save your kids some btc right now, then perhaps they do not need to worry about money later.
it's a good thing to keep bitcoin for a long time, but the question is whether we can afford that. most people only last 3-4 months in holding bitcoin before selling it. yes, hopefully we can hold bitcoin in a long time.

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learner 7
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October 29, 2017, 04:18:56 AM
 #519

Another project offers a solution to the problem of losing keys from your wallet, you can also set up a transfer of funds after a certain time
https://bitcointalk.org/index.php?topic=2059189.0
Lang09
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October 29, 2017, 05:13:34 AM
 #520

I don't have a child for now, but I'm already married for almost 6 months. I'm planning also to save more bitcoin for the future of my family. I'm trying to invest it to make it grow so fast.
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