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Author Topic: Saving Bitcoins for your Children.  (Read 23819 times)
A.nayem
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November 01, 2017, 03:14:49 AM
 #601

#I would buy an hardware wallet in a security box in a bank (or hidden somewhere safe aka fireproof, waterproof, disproof, etc.etc.) with the instructions and give all the details to another trusted person, that's it.
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November 01, 2017, 04:18:21 AM
 #602

I guess,it is good opportunity for next generation.That's way i have done bitcoin wallet for my child.
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November 01, 2017, 04:23:30 AM
 #603

yes we save bitcoin for my children because we know Bitcoin is a best future for my children.
Mostly many of the peoples here save bitcoins for their future and are really eager to wait for their bright future including me. Also I am expecting a lot from bitcoins and also I am working hard to own some coins for my future.

Bitcoins can truly make our future stable and we can depend on them as previously we saw a good example about this when the peoples who bought their bitcoins in 2009 and sold them in the year 2016-2017 with a huge profit making their life stable without any financial obstacle. The same is now expected by many of us and that will surely be worth it in the future.
Yes it’s a very good idea because we know that after some time bitcoin price will be very high and will be much more strong and stable in market so it’s very good thing if someone keep bitcoin for their children’s for their future because in coming time education will be also so expansive and bitcoin can help them at that time.

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November 01, 2017, 06:57:16 AM
 #604

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.
Yes everything I am doing is not only for me but also for my family. I have invested in bitcoin for the sake of my children secure and happy future. I want to buy all the comfort for my children and also want to start a sound business for them in the future.

I want that when they grow enough to handle their own business then I will sellout my bitcoin and I hope till that time the price of bitcoin will also be very high.

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November 01, 2017, 08:19:44 AM
 #605

Hardware wallets that are stored in a secure location are good.
Seed can even be split amongst the beneficiary and the will (low tech multi sig).
Location can be known only to beneficiary.
I also like physical bitcoins.
There is the risk but they are the easiest to pass on.
A lot of people still really like paper wallets.

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November 01, 2017, 08:34:10 AM
 #606

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

Buy 1 BTC now for your child and save it for him in the future, he will surely have a good financial status for his education by the help of those bitcoin
yup i agree to u on buying btc and saving for he children in the future
Bitcoin1216
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November 01, 2017, 08:59:25 AM
 #607

Bitcoin is the hope of the future, if we want to be patient waiting for a long time like 5 years then the price will rise up to thousands of percent, I think bitcoin is very good for us to inherit the child so they get big profit and not poor.
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November 01, 2017, 09:01:19 AM
 #608

That's a very good idea but i  think it is too early to start saving for your future family. It still a long period from now to that day so stock the bitcoin you make for yourself now and realise your desires first. Besides, you never know what will happen in the coming years and what state will bitcoin be in so take advantage of it now and leave the long future goals for now.
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November 01, 2017, 09:05:05 AM
 #609

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 saving for our children is actually a very nice idea. Its the same as saving money in banks but the good part of it is that, your savings in cryptocurrency has the chance to increase its value in a very unbelievable rate. As we know, bitcoin has been increasing its price in a very fast rate, and if we save bitcoin now, we might end up having a lot when the time comes.

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November 01, 2017, 03:31:02 PM
 #610

Saving bitcoin for our children and predicting a futurist exponential growth of this currency is a very nice idea to not just invest on the long term for the well being of your children , but also provide them something that will be a very big part of the future , their future !
Helping your kids forward in a future times that will probably be difficult for them seeing that the global crisis has made life much harder for everyone and will probably have worst future consequences .
For me when i will have childrens, i will be more stable. That time surely bitcoins will reach a great height and will give most of us a good profit. Considering the time and profits in bitcoins, i will also educate my childrens about bitcoins to make their life even more stable.

Giving them a good amount of stored bitcoins will be of great help for those and also i will surely give them all my saving so that they do not need to see the bad time i have gone through. I want my childrens to live their life as a royale life without any financial issues. I wish to give each and every happiness to my childrens and make them as my world.
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November 01, 2017, 03:45:45 PM
 #611

It might be worth putting your Bitcoin into a fiat bank in order to generate interest for your children rather than soley keeping Bitcoin. It depends Bitcoin isn't guaranteed to keep it's price. Depends what you think is the safer option.

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November 01, 2017, 03:49:09 PM
 #612

maybe that's a good idea, but can we trust all our assets to our children Huh do they have the potential to pass it on Huh, there are two possibilities there, success or stop
Kadal Ijo
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November 01, 2017, 04:18:49 PM
 #613

This is a good idea, bitcoin will continue to increase in price in the future so if we give bitcoin to the child then they will enjoy and a great harvest when they are teenagers.

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November 01, 2017, 04:50:46 PM
 #614

Or maybe just give them the bitcoin wallet that you are using at that point? You don't have to be so confused because you know this is just an easy thing to do. You know what you have and you just have to store them properly. You have your wallet seed, right them down, and place the paper somewhere safe. Somewhere you can check every now and then just to make sure that it's still there or just to make sure that the ink hasn't gone bad yet. (Yes, there are inks that goes away after a certain time)

To be honest, you don't really have to put it in a separate address. Just keep the coins you're going to give them in your main wallet since your main wallet is always accessed by you and you're sure that the seed is safe. By the time that you think they are ready to get the bitcoins that you secretly allotted to them, then that's the time you create a new wallet and give it to them. No need to create a wallet now, send some coins, and spend nights worrying if the wallet seed is safe.

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monica69
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November 01, 2017, 05:02:55 PM
 #615

Saving Bitcoins for your Children?Huh no no I definitely do trading but if I can get some btc a good 70% sell it and the remaining 30% invest in trading.and its pretty sure that bitcoin is going to have a good future. We have to orient them as early as now and teach them how bitcoin would affect their status in life in the future. surely this also affects my children. yes, it is fair to invest in their future but it is also right that things should be earned.
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November 01, 2017, 05:45:01 PM
 #616

I think that this is the best thing to do if you have a family and you want to secure your family. If you want to have a great future then you should save bitcoin for your children and you should do a lot of work before you reach to the point that you can relax and feel safe with your savings because if you will become greedy in spending money from bitcoin then the savings will not happen because the problem is from you.

I agree, even though I do want to take benefits of the profit from my investment in the future I think mostly my future children and family will make the most out of it specially the bitcoins I will earned and hold by that time. I'm afraid I'm at that stage where I wouldn't be able to travel and move much but as long as I see my plans succeed and my family happy then it wouldn't be a problem.

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November 01, 2017, 08:33:59 PM
 #617

Saving Bitcoin is a great idea not only for our children, but also for ourselves, our families in general. The price after some years will become a lot higher than the actual price, most likely. So the holders will earn really big profit.
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November 01, 2017, 09:41:12 PM
 #618

dont think that im going to have a family but I'm saving bitcoins for my retirement :p
The bitcoins is currently utilized by each sort of individuals kids youngsters experts jobless individuals and furthermore utilized by representatives so it doesn't make a difference that what sort of individual you are whether you need to spare cash for the fate of your kids than bitcoins are additionally useful for you in light of the fact that the bitcoins are the most secure place to keep your cash in it so on the off chance that you need to spare cash for your kids than put your cash in bitcoins.


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November 02, 2017, 09:44:28 PM
 #619

I think that this is the best thing to do if you have a family and you want to secure your family. If you want to have a great future then you should save bitcoin for your children and you should do a lot of work before you reach to the point that you can relax and feel safe with your savings because if you will become greedy in spending money from bitcoin then the savings will not happen because the problem is from you.

I agree, even though I do want to take benefits of the profit from my investment in the future I think mostly my future children and family will make the most out of it specially the bitcoins I will earned and hold by that time. I'm afraid I'm at that stage where I wouldn't be able to travel and move much but as long as I see my plans succeed and my family happy then it wouldn't be a problem.
Why? You do not need to spend all time to work in Bitcoin and save Bitcoin for your children while you do not have any free time for relax and travel with your family in holiday. You should think trading or earn Bitcoin like a job, you still need to have relax time.
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November 02, 2017, 10:30:28 PM
 #620

I think that this is the best thing to do if you have a family and you want to secure your family. If you want to have a great future then you should save bitcoin for your children and you should do a lot of work before you reach to the point that you can relax and feel safe with your savings because if you will become greedy in spending money from bitcoin then the savings will not happen because the problem is from you.

I agree, even though I do want to take benefits of the profit from my investment in the future I think mostly my future children and family will make the most out of it specially the bitcoins I will earned and hold by that time. I'm afraid I'm at that stage where I wouldn't be able to travel and move much but as long as I see my plans succeed and my family happy then it wouldn't be a problem.
Why? You do not need to spend all time to work in Bitcoin and save Bitcoin for your children while you do not have any free time for relax and travel with your family in holiday. You should think trading or earn Bitcoin like a job, you still need to have relax time.
He can also earn bitcoin even on vacation as long as there is internet you can do signature campaign it wont eat all your time if you know how to manage your time. I sometimes go on vacation but still earn bitcoin.

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