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Author Topic: Saving Bitcoins for your Children.  (Read 24058 times)
zarintasnim
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October 30, 2017, 01:22:57 PM
 #541

Saving bitcoin for your children it very good idea but you also need to keep safe wallet and high security. Because it question of your children future. Bitcoin is very good investment.

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October 30, 2017, 01:42:05 PM
 #542

yes its true that if you give your son a paper wallet its easy to use and easy to keep for them, but there are disadvantage of  paper wallet, you can get that paper wallet again if you lost them, you can't ask anyone about that paper wallet, its easy to steal because its made of paper

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October 30, 2017, 01:53:22 PM
 #543

Good thing the only person who knows the access to my laptop is my daughter and I'm an old school kind of person so I usually scribble everything down. Although I am slowly trying to educate my daughter about bitcoin, she listens to me but I don't think it's sinking in just yet. But yes, I am saving some Bitcoins for her and for her college which is around 6 years from now. I just hope I have enough years to cover up for her college by that time or probably profit much by that time by just Bitcoin alone.
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October 30, 2017, 02:06:11 PM
 #544

store bitcoin which I think is good for children's future, but if we teach minors it's not the time, if only to get to know her, I think it's okay, but if you keep bitcoin for our child's extraordinary future, hopefully with bitcoin We can make our child's future so bright, hopefully bitcoin will always exist and more and more people know it.
Well I think it’s a very good idea because a lot of people are using bitcoin for future purpose and I think for children future its best to save bitcoin for them because they can use this for their higher education or after education they can use to Start their own business and different things I think every must start to save bitcoin for their children.
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October 30, 2017, 02:12:31 PM
 #545

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.
I think I will make paper wallet and online wallet for my son and I will save more bitcoin because I want to give better future to my children. In addition to that, I will also kept my bitcoin in safe place where no one can find it or get and I will put it in offline wallet.

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October 30, 2017, 02:19:50 PM
 #546

Yes - what an awesome idea! Wow - if only my parents had done that for me.... I would be a multi-millionaire today!

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October 30, 2017, 02:28:52 PM
 #547

Awesome stuff. Unfortunately, no product seems to be offering the services or something similar?

Would be great if i could just lock up some Bitcoin for long-term fixed deposit in very safe wallet with Private keys which would be inherited by all my kids when they grow up.

Bitcoin is great for this sort of thing not sure about Altcoins.



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October 30, 2017, 02:32:30 PM
 #548

three grandbabies and three hardware wallets is what i am doing . i add some  satoshis every month and it builds for them hopefully in twenty years they will have something
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October 30, 2017, 02:36:55 PM
 #549

BTC too value for now but maybe it's cheap for next year.
So saving for kid I choice altcoin such as LTC or some other potential projects

https://bitcointalk.org/index.php?topic=5245436.0

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October 30, 2017, 02:38:08 PM
 #550

Guys, you can easily leave your crypto for your kids with our smart contracts @ Mywish.io
For example, you can create smart contract that will send your crypto to ur son when he turns 18. There are many ways to customise contracts. just check it out ))
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October 30, 2017, 02:40:03 PM
 #551

Guys, you can easily leave your crypto for your kids with our smart contracts @ Mywish.io
For example, you can create smart contract that will send your crypto to ur son when he turns 18. There are many ways to customise contracts. just check it out ))

This is really great but I still don't really understand why people can't create a wallet and just make sure to store the details somewhere very secure, make a few back ups just in case and that way you never have to trust it to anyone else.

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October 30, 2017, 02:40:07 PM
 #552

Saving bitcoin for your children it very good idea but you also need to keep safe wallet and high security. Because it question of your children future. Bitcoin is very good investment.

Though it's good, i'm not really confident about putting the future of my cbildren in something as volatile amd riskg as bitcoin. Though i agree it's always a good investment and surely i'll have bitcoin savings for the future, it's going to be all in

 
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October 30, 2017, 02:45:38 PM
 #553

That's good for you and your child, that means you have to teach and introduce bitcoin to your child. But kids usually just want to have fun and a pedestal to learn. So you should not force them to know and do what you do in bitcoin. Let them do what they want. If you want to keep bitcoin for your child but they do not want to know, you can entrust the bitcoin you keep to your relatives and give it to him to give it to your son someday.
Saving is always a good thing to do in all of it sides, and if someone will take the saving method to the new era currency or the cryptocurrency which can somehow be a part of future transactions, businesses and investment could help someone to get ready on the development and the changes could happened in the future. And starting to save bitcoin for the future of your children can also be a good investment for them in the their education, needs and in daily basis transactions.
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October 30, 2017, 02:51:13 PM
 #554

im agree with you that we can use bitcoin as the asset for the children, it will flexible than having a real estate, you need to pay the year tax, save your building certificate, and maintenance the building to make sure that that building still good. with bitcoin we can reduce all the cost for maintenance, because we just save paper money or hardware wallet for bitcoin, it will be simple and easy to use

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October 30, 2017, 02:58:21 PM
 #555

im agree with you that we can use bitcoin as the asset for the children, it will flexible than having a real estate, you need to pay the year tax, save your building certificate, and maintenance the building to make sure that that building still good. with bitcoin we can reduce all the cost for maintenance, because we just save paper money or hardware wallet for bitcoin, it will be simple and easy to use
great point mate, as bitcoin is not a high maintenance investment its deal with risk but if you understand taking risk would be a much better there's a lots
good chances that the value will keep rising instead of placing your money into stocks or any thing that also have some risk then go with bitcoin and save a
lots for your children's future.

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October 30, 2017, 02:59:38 PM
 #556

I think it is a good idea. But I think everything always has risks, you should spend about 50% your asset to invest in Bitcoin and save for your children. Good luck for your children!  Wink
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October 30, 2017, 03:00:04 PM
 #557

im agree with you that we can use bitcoin as the asset for the children, it will flexible than having a real estate, you need to pay the year tax, save your building certificate, and maintenance the building to make sure that that building still good. with bitcoin we can reduce all the cost for maintenance, because we just save paper money or hardware wallet for bitcoin, it will be simple and easy to use
Is there anything the government doesn't tax nowadays all in the effort to raise more money, It's a while known fact that inheritance are even taxed nowadays but by leaving bitcoins as inheritance for the kids, you prevent much of it from going to the state.

 
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October 30, 2017, 03:03:32 PM
 #558


it's possible that it's humorous
since it is difficult to assume in such a long term
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October 30, 2017, 03:05:11 PM
 #559

I think it is a good idea. But I think everything always has risks, you should spend about 50% your asset to invest in Bitcoin and save for your children. Good luck for your children!  Wink

Anything we planned and do for the future of our children are all wonderful idea.  Though, we do not know how long bitcoin will last and if it will still exist after about 10-15 years.  Maybe if you want to invest for the future of your children, try do oyher things aside from bitcoin.  For sure our children will have a much brighter future.

 
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October 30, 2017, 03:07:49 PM
 #560

Ok I want to mention alot of people in keep talking about bitcoin as an investment is kinda a bit troublesome, we should think of it as an currency.  Currency since you can shop with it now, am right?  Also to get on topic,  Ill save coins for my kids tuition and there education.  I want my kids to be able to provide for themselves.  Child is more stronger this way and once I see him at that level, then Ill throw him some bitcoins here and there.
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