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Author Topic: Saving Bitcoins for your Children.  (Read 23552 times)
BlackRacerX
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November 14, 2017, 06:29:12 AM
 #861

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'm sorry friend but today, you don't have a lot of choice to begin with but opting for a paper wallet is as good as having your bitcoins insured for your heir. You can at least make sure when you print that paper wallet, it's safe and maybe hidden from a lot of people and only your offspring has access to it.

My reply sounds like a fantasy movie. LOL.  Cheesy

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November 14, 2017, 06:37:57 AM
 #862

Its a good idea to saving a bitcoin for your children to help from to help with their education.Saving is income not spent, or deferred consumption. Methods of saving include putting money aside in, for example, a deposit account, a pension account, an investment fund, or as cash.
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November 14, 2017, 08:02:57 AM
 #863

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.
Yes this can be proved very helpful. Bitcoin is the most promising currency ever and is providing good chances for earning money. It is quick and easy and do not require any conditions, all just needed is to believe in yourself, make investment and be patient for the profit. When you get your profit either reinvest it r make some property of it for your children.

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November 14, 2017, 08:06:11 AM
 #864

Indeed a good idea because this is our future and saving some bitcoin for my future child will help them grow secure financially. I will work hard on this one to accumulate more bitcoin for the future of my family and also for the future of my children, Bitcoin offers great opportunity to make this happen.

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November 14, 2017, 10:15:55 PM
 #865

Saving bitcoin was a big help not only for children but for my whole family because right now im single and im saving bitcoin for my parents and bitcoin was a big help for me because before when i didnt know this my salary was not enough but when i started earning here in bitcoin i can provide all what they want so that bitcoin was have a big help for me and for my family.
Yes saving bitcoin is not only for children but also for our self and for our whole family that are going to benifit with. I'm also single and the idea to start a savings of bitcoin is not out of my list, actually I'll prefer to start to save and make investments of mine in bitcoin and also having own business soon with the help of bitcoin.

Well said, saving btc for ourselves and for the family is a great idea and making some investment for our future too is a wise decision.  We are just securing our future so that when we get old we can never experience having a hard time looking for money to buy something.

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November 14, 2017, 11:19:46 PM
 #866

Of course the positive effort to always save bitcoin for a future is good for children or family, because we know so much the benefits of bitcoin, as time goes on bitcoin development will continue to increase and accompanied by high bitcoin value, certainly provide an opportunity to profit from bitcoin with an effort to save it

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November 14, 2017, 11:28:00 PM
 #867

There is no other way around, unlike in Banks where if you die you have the option to give it to you benefactors and the banks will take care of it, in Bitcoin wallets in order for them to benefit what you have you really need to give your pins and passwords, but you can do so in a form of a last will in which your passwords and pin of your Bitcoin wallet will be protected by a law entity and will safely transfer it to your heirs.

Or you can donate your bitcoins to charity or other groups that you think would make the most out of your bitcoins that is if you don't have any family to pass on your bitcoins to. Nonetheless saving bitcoins for your children would be a really good idea who knows what would've been the amount of bitcoin by then it might be just enough to secure their future.

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November 15, 2017, 09:45:31 AM
 #868

Saving for our child is amazing.I want to do something like this.So I am going to invest in BTC for my child
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November 15, 2017, 09:48:56 AM
 #869

been doing similar things to what others have been, saving a small amount like 0.01btc for my teen son every month, started a year ago and hopefully he learns the value of investing in the future, itl be a good starting step for him, giving him that jump in capital considering how much bitcoin is growing each year.
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November 15, 2017, 09:58:25 AM
 #870

This Bitcoins is good and batter for me and my family , my children's. Because Bitcoin is a digital currency. this currency is nothing Lost. So the batter think, when I saving any investment in bank's, financer for my children's. Than after some years I found axtra. So , same thing  Bitcoin is saving for my children's.
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November 15, 2017, 09:59:19 AM
 #871

been doing similar things to what others have been, saving a small amount like 0.01btc for my teen son every month, started a year ago and hopefully he learns the value of investing in the future, itl be a good starting step for him, giving him that jump in capital considering how much bitcoin is growing each year.

It is good that some investment is being done on regular basis. Also invest only that much which wont effect you if the prices drop suddenly too much. Else it would become more difficult for yourself if the value drops and you cannot sustain with too much if investment done in the single coin itself.

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November 15, 2017, 10:00:34 AM
 #872


this can be a very good idea. The way the value of bitcoins are increasing day by day it can prove a good idea in the long run. If we buy bitcoins now for saving it can increase in its value and we can save a good sum for future.
It’s a very good idea that bitcoin is going to help in future of students and I think we must keep save bitcoin for them because in coming time education is also going very expansive so I think bitcoin can help them in their future so I’m sure that there will some parents that they will going to keep save bitcoin for their childrens.

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November 15, 2017, 10:11:32 AM
 #873

I really like your thoughts. because you think for the future of your child and your family. bitcoin is a very profitable unvestasi model for you. if you buy today and keep it for a very long time. maybe later you will get a big profit that you can give to your child. you will make her happy to earn money from the hash of storing bitcoin. when compared with saving fiat money may be the value of fiat money will go down from time to time. so in the future .. probably will not get a profit because of the decline in the value of the currency.

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November 15, 2017, 10:16:46 AM
 #874

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.

I agree seciurity is great concern here how to seciure BTC. Also it needs good place to noone can easy access and copy seed.
House cleaner can be a problem.

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November 15, 2017, 10:17:42 AM
 #875

I've always kept my Bitcoin out for my son's future. I saved so that my children can go to school as high and I hope with Bitcoin my son needs fulfilling.

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November 15, 2017, 10:26:42 AM
 #876

I've always kept my Bitcoin out for my son's future. I saved so that my children can go to school as high and I hope with Bitcoin my son needs fulfilling.

Agree that this is best long term investment out there no tax no cost to upkeep and more it works that have good chance for nice returns.
Periods like 18years are really big and BTC can make nice moves then while gold / silver can stay where they are.

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cyriljundos
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November 15, 2017, 10:31:17 AM
 #877

They have to daily Sun pallbearers and then my expenses at school so even if I do not randomly touch literature because for my children

acmagbanua21
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November 15, 2017, 01:54:43 PM
 #878

 bitcoins to real money and deposit part of it on that bank account. You can deposit all of it too. It depends on you. The important thing here is to secure your wallet that holds your bitcoins.
Predator25
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November 15, 2017, 06:17:52 PM
 #879

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.
It is really a good plan for your children to save money for their future. Youre a excellent parent if you will do that fo your childrens sake. I commend those kind of parents.

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November 15, 2017, 07:49:15 PM
 #880

as you like accet others asset you will save bitcoin for your chidren.
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