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Author Topic: Saving Bitcoins for your Children.  (Read 23819 times)
Altas
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November 08, 2017, 05:22:11 PM
 #721

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
 #722

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
 #723

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
 #724

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.

Manchumichael
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November 08, 2017, 06:27:58 PM
 #725

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
 #726

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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jak3
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November 08, 2017, 06:49:59 PM
 #727

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.
tom101
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November 08, 2017, 07:06:48 PM
 #728

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.
infinity33
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November 08, 2017, 07:11:08 PM
 #729

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
 #730

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.

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November 08, 2017, 07:29:07 PM
 #731

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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November 08, 2017, 07:41:01 PM
 #732

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
 #733

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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November 09, 2017, 02:39:46 AM
 #734

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.


This is actually a great idea. When I start earning enough Bitcoins, I would probably put a portion of it in another wallet  for the future or for my kids, just like how you did. With regards to the access to the wallet, maybe I'll have a family member or a lawyer to keep a hold of it until my child is right of age. Maybe there would come a time that wallets for family are made where you get connected to each other so you could easily wire in the Bitcoins to each of their respective accounts, who knows.
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November 09, 2017, 02:50:26 AM
 #735

It's a great idea if bitcoin for our generation. This investment is very good for the future because the income from this investment is very encouraging.

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November 10, 2017, 12:50:06 AM
 #736

That is a wise idea i'm also doing that because this method for you to leave them lots of money at the rear of and they may use later on if this maybe is worth a lot more they'll be pleased that you offered them this really is makes sense.
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November 10, 2017, 01:01:59 AM
 #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

Bitcoin investment is rather different from typical investments that involve proper documentation and contracts. In Bitcoin, all you have to do is keep those keys and passwords and seeds in a very safe place and then that would be all. If you forgot them, you will have to say your final good bye to them. I would advice that you save several copies in different locations and then teach your children how important they are. They must also contain specific instructions on how to claim.

Atlant is asking 1 ETH for each and every bounty participant in order for them to receive their fair share of payment! That's gonna be thousands of ETH if successful! And 1 ETH might even be bigger in value to a lot of the participants' deserved payment! Now, tell me, does it take a second for any sane man to realize that this is plain scam?
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November 10, 2017, 01:09:05 AM
 #738

I really appreciate you for the planning of saving for your children future that also in bitcoin is great idea. If you look into the track record of the bitcoin for minimum three year the rate will prove you that how much profitable return bitcoin has generated so there is prediction that bitcoin is going to touch big heights. So un doubtfully and with full of confidence you can invest in bitcoin for your children future.

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November 10, 2017, 01:09:29 AM
 #739

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.

Its good to know that many people thinking of their children. Its good planning.
I also try to start this for my children. I prefer to save in private email that i dont ever use the email yo do something and only for saving very important note.
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November 10, 2017, 01:22:44 AM
 #740

This is really a good idea for all of us here in this community. We all know that bitcoin will boom in the nearest future we will take. So the thing we should do now is to save money for the next generations. And by the year it will boom, they will have many money.


In this bitcoin society, the good idea that was really take go run for the next generation is to save money just for the kids,for the best future they need too,.It wil take good care for the best reason.Bitcoin for me is a good investment that really encouraging me to join..that's because of the true value of profit to have.

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