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Author Topic: Saving Bitcoins for your Children.  (Read 23819 times)
uzumaki
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November 15, 2017, 09:15:09 PM
 #881

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 am not married yet,  have a child may still be long but this is even a good thing because I can prepare early for my son's future. I hope that the value of btc continues to increase in the future.password wallet is very important so I will make a wallet for my child ,for my child's future savings and I will give when he has started to understand.
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November 16, 2017, 12:25:29 AM
 #882

I don't think the bitcoin price still high that much after 20 or 25 years later. To me, the first thing is to having a small amount of bitcoin to use it on other purposes like start a business or just to travel. We can't predict the bitcoin price in the future because who knows what happen whether it is bad or not. So earn bitcoin, open your own business for your children is the way i'm gonna do in the future
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November 16, 2017, 12:31:24 AM
 #883

Isn't there an ico already aiming to do this? Can someone link me?
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November 16, 2017, 01:03:10 AM
 #884

The idea is good but quite risky at the same time. Majority of people always say, "bitcoin's price has no place to go but up" but the reality is that there's still a chance that some unprecedented event might unfold that makes the price of bitcoin slump before the funds could be used by your children. IMO, its much better to loan that money into a bank with a reasonable APR; its much safe and secure.
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November 16, 2017, 01:21:12 AM
 #885

I like that idea, saving bitcoin for your family for their future will be a great help for them. Grin

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November 16, 2017, 04:42:12 AM
 #886

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 will save a money from bitcoin for the future of my children to supporting thier schooling and to buy thier goods everyday and for the fair for going to thier school

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November 16, 2017, 08:09:51 AM
 #887

Saving bitcoin for children is a very good idea. Income bitcoin can guarantee your child's future. But it would be better if you do not just rely on bitcoin because the value is not stable. In addition to bitcoin, you can invest in gold, real estate, or other objects that have good and stable prices.

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November 16, 2017, 09:24:07 AM
 #888

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.

Saving bitcoin for children is a good idea, bitcoin is like a treasure, in the coming years the price of bitcoin may jump so at that time our children's can use those bitcoins.
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November 16, 2017, 09:29:09 AM
 #889

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 have not brave to save bitcoin for my children because we dont know until when bitcoin will survive.
i just afraid the bitcoin will down and the other coin will change bitcoin. so im just looking safe.

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November 16, 2017, 10:56:12 AM
 #890

in order to better our children life when they grow up, we have our duty to earn and save our money for our child, so investing in bitcoin as a second income is a great idea, may be we dont have to save too much bitcoin, but just little and keep it safe in our wallets and wait until the day bitcoin price get high enough, bitcoin profit may very big.
Agreed! The way bitcoin market’s price is increasing with each passing day, there is hardly any reason to deny this fact that if you are going to have bitcoins in your wallets in order to have better future for your children, then you are actually on the right track. Bitcoin is very much capable of meeting all your needs may it be anything. It will help you in much better way as you are expecting out of it.

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November 16, 2017, 10:57:57 AM
 #891

in order to better our children life when they grow up, we have our duty to earn and save our money for our child, so investing in bitcoin as a second income is a great idea, may be we dont have to save too much bitcoin, but just little and keep it safe in our wallets and wait until the day bitcoin price get high enough, bitcoin profit may very big.
Agreed! The way bitcoin market’s price is increasing with each passing day, there is hardly any reason to deny this fact that if you are going to have bitcoins in your wallets in order to have better future for your children, then you are actually on the right track. Bitcoin is very much capable of meeting all your needs may it be anything. It will help you in much better way as you are expecting out of it.

True, If you do this the price of bitcoin will surely increase in the future so your children will have a way better life than yours. Working now 24/7 and pay taxes so instead they can live their lives.

I will do this like this because i know that life can be hard so I try to save up my coins.
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November 16, 2017, 10:58:04 AM
 #892

I shouldn't save bitcoin for you children because maybe in the future your children want to use the bitcoin but it is worthless because bitcoin died a long time ago.
It is better to use it right now because maybe the value of btc will one day go down.
Darkrulerx
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November 16, 2017, 11:08:46 AM
 #893

in order to better our children life when they grow up, we have our duty to earn and save our money for our child, so investing in bitcoin as a second income is a great idea, may be we dont have to save too much bitcoin, but just little and keep it safe in our wallets and wait until the day bitcoin price get high enough, bitcoin profit may very big.
Agreed! The way bitcoin market’s price is increasing with each passing day, there is hardly any reason to deny this fact that if you are going to have bitcoins in your wallets in order to have better future for your children, then you are actually on the right track. Bitcoin is very much capable of meeting all your needs may it be anything. It will help you in much better way as you are expecting out of it.

True, If you do this the price of bitcoin will surely increase in the future so your children will have a way better life than yours. Working now 24/7 and pay taxes so instead they can live their lives.

I will do this like this because i know that life can be hard so I try to save up my coins.
I agree with you i will follow this advice too and do something with it also i have already start saving some bitcoins for my children and i am ready to give them when they are old enough till that time the wallet is getting bigger and bigger.
lichao1395427
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November 16, 2017, 11:15:42 AM
 #894

I think the biggest thing for people is security. If you go out and talk to a lot of people however, they dont want to be liable for their security. They want a business to keep up with the security and protect their assets. Which is why I think coinbase is going to be a very old company some day. For a lot of people that may want to invest and safe coins for their children, making a Coinbase account and securing it will be the best way for them to save the coins for their children since you just need very simple information.
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November 16, 2017, 11:20:02 AM
 #895

For now i dont have yet children, so i am saving bitcoins for my self, for my siblings and for my family. I am working hard to earn bitcoins so in the future i can make my families proud and i am savings bitcoins for my education and for my siblings education so we can have a better future.

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November 16, 2017, 11:30:32 AM
 #896

its a very good idea to save bitcoin for children because bitcoin is the future and children is also our future..
Obito
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November 16, 2017, 11:37:57 AM
 #897

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
Like many people, they are using bitcoin for their own purpose and like me i am using bitcoin for my purposes. I am earning money for my future and also for my daily living.

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November 16, 2017, 01:26:15 PM
 #898

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.
I think it’s a very good idea to keep save bitcoin for your children future and I’m sure that it can play a big role for them because in coming time education will also be very expansive and that currency can be used for their higher education so I think as people are using bitcoin for investment same they will also start to keep it save for children.

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November 16, 2017, 02:06:10 PM
 #899

Saving for your children's future is a great idea but putting it all on bitcoin I think that is not pretty good. Because what if something bad happens to bitcoin, which I hope not. Everything you saved will all be for nothing. I suggest try dividing it on some other things like bank, or investing it on something, just don't make it all in bitcoin.

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November 16, 2017, 07:26:13 PM
 #900

Yes it is a good ideal, a very good one.
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