Saving Bitcoins for your Children.

[ScaryMe]

Yes it is good to save money to bitcoin for long, but I am afraid for you sir to say that, it may cause also your lost once the bitcoin price goes down and crashed out, but to take all the believes, that is the good point bur let us thing some possibiliies too, both the positive and negative.

[zhelis74]

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.

Yes that's good for the idea of savings but in terms of security in times of our lost is not admirable because we can't claim it on other party that is why while i am earning bitcoin and convert to our our currency and i will deposit it on the credited bank.

[5moke]

I think it is a nice idea also have 2 small children but I think sooner or later bitcoin will be replaced at the latest when he is no longer minable

[AriannaSantosUU]

I plan on handling our bitcoins for as long as possible for my children. My husband and I will have the private keys/seeds stored safely with instructions on claiming them inside a safe and give the combination to a lawyer who will execute a will when the time comes. But I will still save some money for them in a bank just in case.

[shark69]

I think this is true, all investments have a purpose, I agree if someone keep bitcoin for children, because bitcoin will advance and will be able to meet the future needs of the child. so am I, I will save bitcoin for my family

[burnchan]

Keeping other physical asset for your children is very easy but storing bitcoin for your children is very risky because the wallet may be hacked before your children grow to maturity so it needs a high level of security consciousness.

Agree in that mate. For now it is not safe to use the wallet as a storage for our children's savings. The probability of being hacked is high. Unless in the future there might be a high security in placed in all our wallets. Thus, the safest way to do for now is to open an account on the bank and the profits intended for your children will be transfered to the bank.

[monica69]

 I need to save money because I like saving because I can't predict what would future bring. I don't mind if there is risk in bitcoin for as long as I secure the future of my children soon. In order for me to feel better saving is the best way to complete the sense of satisfaction in life. I am saving bitcoin for my 3 childrens.  His  important for me because they are my treasure same goes with bitcoin.

[Headtekker]

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.

yes, i  think that's a good idea to save for our kids for the future so that we dont have to worry for the future because we have a saving for them and they are secure to the future also. So that keep bitcoin now from the future of our children.

Agreed it's a great idea only if bitcoin continue to go up for the next years and is probably will happen since bitcoin's popularity hasn't reach everyone yet so once it hits then all the holders of it will probably became rich someday that is enough for your children and for a future business for you that is if bitcoin continues to go up.

I agree with you it is very smart to save for your children because they can make a lot out of it in their future and that is what they need to do everyday i hope i can give my children a good future from it.

[Toxicslicer]

I think it is very smart to save some bitcoin for your children because they may invest in it in the future and make some more profit. or the bitcoin value will rise so high in the future that your children will become rich.

[hero1111]

I am saving bitcoin yes but it is not for my children for now because i dont have any children now also i m not married so i need to money for my future for to get familly because of i m saving bitcoin and it will bring to me best future  .

[rumexx]

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.

Bitcoin investment for your generation is a positive thinking. The issues you raised about having any other documentation as a proof apart from your Pass word, Public and Private  keys is also valid but remember that bitcoin is decentralized  and no one is in control  of bitcoin but the market forces and sentiments. this will definitely make it impossible for any other document to proof your ownership. You exchange your bitcoin to fiat money or stocks and safe them where proper documentation will be issued.

[webdevmastery]

I need to save money because I like saving because I can't predict what would future bring. I don't mind if there is risk in bitcoin for as long as I secure the future of my children soon. In order for me to feel better saving is the best way to complete the sense of satisfaction in life. I am saving bitcoin for my 3 childrens.  His  important for me because they are my treasure same goes with bitcoin.

Well bitcoins really help a lot even saving bitcoins for your children has been created here in this thread. Imagine if you have a baby and you hold your coins till this baby reach 10 years old then probably the value of your coins is more than a million.

[Nyenyepogi]

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.

Yes bitcoin can give us a money to use this in the future for now i'm still a single hehe i want to become rich someday before married in my girlfriend for now i'm always work hard to use this bitcoin  to help my parents someday.

[jilani]

Yes i have some like this plan.Now my investment amount 3BTC for minimum 10years but i am trying a lot more increasing my investment.BTC is a one kind of future asset i think because it is always raised.

[pnqwiuha]

Friends, bitcoin is centralized. It doesn't need a paper printed contract or a contract signature. Bitcoin is calculated from the whole network. Before appearance. It has gone through the entire network of force verification, it will not be lost, will always exist in the network, the premise is that you want to keep your wallet password.

[bakkang]

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 a good idea to do this because bitcoin really help us to secured our future especially for your children. So i think if you want to secure your future start saving now. And earn more bitcoin for more savings.

[Tensyta]

It is very smart to do that this way they will have something for their future and they can appreciate that you saved a lot for them because even if you have 1 k bitcoin you actually saved 6k for them i think it is very smart and good and i will do it too.

[krisnt80]

I had considered to make this, but since i havent a big ammount of bitcoin i had made anothers plans for the bitcoins, wich will for sure influence my childs, since im considering to use the coins to buy a new house, soo they will know i had invested and used those coins giving them a place to live for their life. But i still wonder if i should make a saving plan into bitcoin instead the applications the banks does offer, since bitcoin is making better results then any other investment.

[zarintasnim]

Saving bitcoin for your children it very good idea but you also need to keep safe wallet and high security. Because it question of your children future. Bitcoin is very good investment.

[kucritt]

yes its true that if you give your son a paper wallet its easy to use and easy to keep for them, but there are disadvantage of  paper wallet, you can get that paper wallet again if you lost them, you can't ask anyone about that paper wallet, its easy to steal because its made of paper