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Author Topic: Saving Bitcoins for your Children.  (Read 11477 times)
darklus123
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November 08, 2017, 04:00:56 PM
 #721

I actually do have a friend right now who is currently doing this thing(he's been on the industry since 2012 and one of the believers. Currently  he has 2.7 bitcoin on a cold wallet. Which is also constantly growing. He also said that hwhen his son will be on the right age he will then start educate it


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November 08, 2017, 04:07:42 PM
 #722

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.

How often can you access a security box at a bank? Is this a feasible option for someone who regularly adds BTC to their wallet? I'm new to investing and currently just on an exchange and looking into more secure options.
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November 08, 2017, 04:09:40 PM
 #723

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
it's definitely save bitcoin for my child's future I keep some in bitcoin of course password and everything related to bitcoin I save in a very safe place some of it I exchange with savings in the form of official money in my country or I deposit money that is if in my opinion

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November 08, 2017, 04:17:06 PM
 #724

You may save bitcoins for your children but don't forget to also save real money for their future.
I dont have yet children, so i am saving bitcoins right now for my family and for my dreams, i am student that dreaming to be rich enough using bitcoins, so my future and my family future is bright, i am working hard to earn money to help my parents for house expenses and i am saving bitcoins to build a small eatery for may mama.

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November 08, 2017, 04:17:53 PM
 #725

this would probably be a very good idea. because in this way, indirectly, we can store the bitcoin we have in the long run. in addition, you can also exchange the bitcoin you have at any time, but with the purpose for the child.

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November 08, 2017, 04:25:43 PM
 #726

This is really a good idea. I think the suitable time for saving Bitcoin is about 5 years. If you save longer, it is risky.

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November 08, 2017, 05:18:37 PM
 #727

Saving Bitcoins for your children is a really good idea for secure their future.Bitcoin is a well-established cryptocurrency and Bitcoins price is expanding gradually.Those people who saving bitcoins at the beginning, they became rich.If you want to save bitcoins for your children, it will better then any other deposit.So you can be saving bitcoins for your kids bright future.
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November 08, 2017, 05:22:11 PM
 #728

This is really a good idea. I think the suitable time for saving Bitcoin is about 5 years. If you save longer, it is risky.
Lot users who have known about the growth it has experienced as well the users who trust in its growth potential without thinking of anything just focus on saving bitcoin for their children. There are many users who have been educating the students with cryptocurrency. The change begins there from the school.

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November 08, 2017, 05:22:19 PM
 #729

the most optimal would not be to take several altcoins and store them? to make a small mixture of several projects with high potential.
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November 08, 2017, 05:38:40 PM
 #730

This is really a good idea. I think the suitable time for saving Bitcoin is about 5 years. If you save longer, it is risky.
You are right, It's a very good idea to save bitcoin, because you will make a huge profit in the future if you save and collect now as you can of bitcoin. We all know that bitcoin price will be very high after few years, so this is a very great opportunaty to become rich in few years.

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November 08, 2017, 05:44:31 PM
 #731

I was thinking about savings bitcoin for my future children but seems it will took 5 years before i have a children i want to enjoy my life and i want to use that in the future if im having a baby with my future wife. Of course i can use that money in the future but if im going to hold that for that long and have a doubt of bitcoin dying then i have a choice to use it while im waiting for my kid to have a full process of his brain before im going to teach him about bitcoin.

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November 08, 2017, 06:27:58 PM
 #732

This is really a good idea. I think the suitable time for saving Bitcoin is about 5 years. If you save longer, it is risky.
You are right, It's a very good idea to save bitcoin, because you will make a huge profit in the future if you save and collect now as you can of bitcoin. We all know that bitcoin price will be very high after few years, so this is a very great opportunaty to become rich in few years.
Yes nowadays education system becomes very expensive if we want to join our children in any big university we have to pay more money. so now only if we save bitcoins then it will help us in future.
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November 08, 2017, 06:33:59 PM
 #733

I was thinking about savings bitcoin for my future children but seems it will took 5 years before i have a children i want to enjoy my life and i want to use that in the future if im having a baby with my future wife. Of course i can use that money in the future but if im going to hold that for that long and have a doubt of bitcoin dying then i have a choice to use it while im waiting for my kid to have a full process of his brain before im going to teach him about bitcoin.
Goodluck buddy on finding your future wife so that you can able to make your own baby. Saving up bitcoin would really have somehow advantage because of its increasing prices.We cant be sure if it would still rise up on those future years but somehow a good idea to accumulate some of it intended for future purposes. We do really like to ensure the future of our upcoming siblings.

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November 08, 2017, 06:49:59 PM
 #734

I am currently a college student, so I will not save any money right now. But I have some plans for that. When I will start my career, I will deposit some amount of my income in a paper wallet and after like 10 years I will put all the money into a bank and I will pay the interest on that money to my son as a pocket money so they don't have to worry about something. And in addition to that I can save some amount of money for my son without worrying about their pocket money.


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November 08, 2017, 07:06:48 PM
 #735

I think it is a good to save our bitcoin for the children but we should not keep these bitcoin for a long time and these are the volatile currencies may be keep crypto money in only one currency that is bitcoin and after some years the value become less as compared to now then instead of profit we will suffer huge losses.
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November 08, 2017, 07:11:08 PM
 #736

This is really a good idea. I think the suitable time for saving Bitcoin is about 5 years. If you save longer, it is risky.
Lot users who have known about the growth it has experienced as well the users who trust in its growth potential without thinking of anything just focus on saving bitcoin for their children. There are many users who have been educating the students with cryptocurrency. The change begins there from the school.
but not all can adopt bitcoin so some dont teach it in school we know that everything for some kid learn to save start in school but the thing is some are dont want to adopt it because maybe and i think also before in school i think family first will truly understand and educate student to learn on how to save.

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November 08, 2017, 07:25:36 PM
 #737

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

Then maybe we can create a new wallet for our child(ren) and fund it from time to time. It will be like opening a trust fund in a bank for them. And then when they grew up maybe we can open the door of cryptocurrency for them by teaching them some basics that might interest them. But actually, if you have btc and you are a family person then it's safe to assume that your husband/wife should know your keys and other informations about your btc holdings. With that, they can have access to your btc if something unexpected came.

DamCryp
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November 08, 2017, 07:29:07 PM
 #738

This is in opinion an excellent idea, buy some Bitcoin and even other Alts you believe have a bright future place them in cold storage and leave them safely in a deposit box in one of those central entities haha at least they'll be good for something in the future safely storing yout hard cold storage. I'd say it'd be wise to keep a close eye and see if any of the projects that are related to the the "portfolio2 you're leaving might loose it's value.

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Mikwik
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November 08, 2017, 07:41:01 PM
 #739

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

Nice question, it's all about how creative we are.
Let us give you a practical scenario, you are a Millioniare and you got 35 industries in your name u get daily 10 crores profit, now do u carry all cash with u daily?  Answer will be No, you deposit cash in bank and just hold a passbook/check book. Also u just hold a chip/pendrive and a laptop instead of carrying all documents.
In the same way we shall hold a mobile with gmail account and clearly mention all our credit I'd and password details in it and we should pass this info to our parents, which means they should have an idea about our saving details. 
Silberman
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November 08, 2017, 08:13:26 PM
 #740

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
That is a difficult question and something that will need to be solved somehow, since in bitcoin no one can know your private key or you run the risk of that person stealing your bitcoin but if you do not reveal that information to anyone then that bitcoin is going to be lost and your kids are not going to be able to get that bitcoin, a possibility is that you withdraw your bitcoin before that and that you convert it in tangible assets.

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