Saving Bitcoins for your Children.

[TheGreatPython]

I do not save bitcoin for my children but i always saving bitcoin for myself and if i have a lot of bitcoin i put it in coins.ph or in any wallet and when my children need a money (he's 12 years old) i will convert my bitcoin to cash and then i will gave it to him to use it because if i give bitcoin to him maybe he don't have idea or he dont know how to use it

I would like to suggest you that don’t change bitcoin into fiat and keep carryon bitcoin business and not handing over this to your children till they don’t understand bitcoin completely because bitcoin is not only a currency, it is a continuous business and when they understand fully bitcoin then handover them with instructions to keep it carry one for his better future. Bitcoin will play a great role in everyone future for smooth and safe transactions so don’t waste it in rubbish activities.

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[patz22]

I also consider saving bitcoins for my children. Why? when I saw the price/value of this coin, I can say that it is like "time deposit" in a bank however in my case I don't have any bitcoin yet but once i earn some of it i'll definitely save for my children's future. I am also thinking to invest it first then save it afterwards.

[A.nayem]

It's true I am saving bitcoin for my future children. I don't mind if there is risk in bitcoin for as long as I secure the future of my children soon. I need to save money because I like saving because I can't predict what would future bring. In order for me to feel better saving is the best way to complete the sense of satisfaction in life. My future children are important for me because they are my treasure same goes with bitcoin. As much as possible,I save bitcoin while opportunity is present and to use it for my future children.

[n0ne]

Saving bitcoin for children is a good thing. But while doing the same, user should keep the children informed about the bitcoin and the way it's been in the wallet. Life is uncertain, so it needs to get used. Also in future the entire financial system will be on the cryptocurrency. So by that time children feel easy to use it.

[The_prodigy]

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.

I think that this is really one thing that bitcoin can be ised for. However I still think that it might not be optimal or paractical due to the instability of bitcoin but what it has now can really be utilized for this kind of things wherein investment and profit go hand in hand

[r1a2y3m4]

I think this is a good idea. Considering that as it is bitcoin is growing steadily and picking up strength. Of course there is still a risk that bitcoin will be devalued but thinking how information is handled nowadays and how the digital era and information era has started I think it is pretty safe. I would say about 90% safe 10% risky. Overall, If you are like 25 now and you will buy bitcoin and hold on to it for 25 years I hope it will be profitable.

[Rebellious]

I think saving some BTC for your children is not a bad plan, because in 10-15 years when ur son/duaghter has the age to understand this bitcoin will be $500.000-$1.000.000.

[Manutax]

Bitcoin would be a great way to pass on an inheritance to ones children. I have bought a few bitcoins for my two children.

[adi33]

possibly in addition to the real-world inheritance I will also set up token assets to be able to inherit them to them. from now on I have been thinking and is choosing a good token besides bitcoin

[Momoamzad]

Physical currency is more beneficial to kept up for ur children in future. U can save that on bank deposit. Bitcoin can also be kept up but for me it would be risky . because it can be hack at any time. But if u keep it secretly it could be a good idea. I think

[Labay]

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.

it will be better if you already told your children about bitcoin as soon as possible but i know childrens have needs when they came in teenager, they want to buy any things they want to become famous or have a things for games. but atleast they already know about bitcoin.

[NakkaShashi]

The best way to store bitcoins is paper wallet and it is also best way to save for your children.It is the most safest wayThere is no other safe way other than this.

[vinc3]

been thinking about this aswell but doesn't have enough funds yet to buy hardwarewallet for future purposes such as educational program of my child, but highly trust the future behind the bitcoin technology, if we save something for our child right now then it wont be a problem (their future). But I learned something new from the elders, that we should only give something to our children for them to do something and not give them everything for them to do nothing. I prefer teaching them about bitcoin and let them find their way towards success. Besides he or she is your child, we should trust them.

[arlinxoha]

This is a good idea. I have been collecting some portion of income from Bitcoin for the future of my child. I think it will be good for my child. Because I can spend this money on any need for my child. I think every person should preserve Bitcoin for their child.

[ViceOfBTC21]

If you really want to do it, still save normal money as you did with bitcoin. Save only BTC from signature campaigns and store them safely. So if
Bitcoin drops, then you wouldn't incur any financial loss, but you will lose only time invested to get these BTC. It's better to waste month than lose $500.

[Dakshkapoor]

It is a good idea. We can collect some BITCOINS and save them for our children.
By this they may have good future and the profit out of it can be used for their daily expenses and for their study.
It will secure future and will help them to make a strong foundation of our children.

[DewiKirana]

If you want to set aside bitcoin for your child then prepare your wallet and keyword address well. You can save the address on the computer and encrypt the file to be safe, or you can store addresses and keywords on a paper. Then keep the paper in the storage that you think is safest.

[saira0j]

I support saving the bitcoin for children. I think Paper wallet is a nice idea.Put some bitcoin on an encrypted paper wallet and give them the passphrase for their birthday

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[xBitHodler]

I have created an extra account on my hardware wallet where I try to save up some of my profits from trading. Money from this account will help me with paying for the education of my children and maybe even grandchildren! Bitcoin value has increased a lot this year and I hope this trend will continue. If my plan works, I won't have to worry about my children's future.

[syamster]

That's a very sweet and smart gesture, but always consider your wallet you're using. And obviously to never lose the key lol. Althought I have heard of an ICO that's trying to leave "wills" of crypto for loved ones.

Yes it’s a very good idea that you can save bitcoin for your children future because day by day bitcoin price is going high and bitcoin is the only and good hope for future as well many of the people are using bitcoin for future purpose some of them want to start their business and some of them are going to keep it for future purpose so for children’s future its good.