Saving Bitcoins for your Children.

[crustycrab666]

Saving bitcoin for our children is a practical idea because no one can tell what happen tomorrow so its better to save money  or btc but before we can do that protect first our wallet and the private key  from hackers.Bitcoin is like an assets we can save it in how many years .

true, it's too risky. it's better to collect profit from bitcoin in fiat form and put in bank, I think it's safer. because we do not know whether digital money will continue to be as valuable as it is today.  otherwise there is a risk of losing when the wallet is hacked. should always be careful and keep the wallet safe.

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[milandres0207]

Savings bitcoin to my future family is nice idea because we need to plan for our future especially for our kids to have them also a good and better life, most of the bitcoiner here are plan to hold and save their bitcoin for their family.

[bug.lady]

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 suggest you engrave your seed and password or maybe 24-word-passphrase in a piece of metal (make sure you don't have anybody do it for you as that would compromise your password, you must do it yourself). It will create a form of a treasure map for your children

[Stef9292]

Good investment, your childrens will thanks for sure. Diversify your investment in crypto so if btc will die in the next 50 years you will speculate on other like ethereum.

[VladimirsV]

We all know that in one day, we will not be able to earn bitcoins anymore. All the money we can earn will be used to take care for ourselves and our family. So we should save a little bit for our children to support their future.

[NRF]

I think that is really a good idea! If you have money you can save Bitcoin for your children. After 10 years, your children will have a good future

[Mainman08]

Half of my earnings in bitcoin is for my savings for the future of my child. I don't save it on a wallet because i am afraid of hackers. So i exchange it into fiat and put it on a bank. 

[sonny123]

thats my goal, to save btc for my children,i'm hoping when the time comes they can put it to good use 😊

[romero121]

I think that is really a good idea! If you have money you can save Bitcoin for your children. After 10 years, your children will have a good future

If not at least try to earn through the available opportunities. Right now even reducing unwanted spending will help in earning good for the future. This might help you to a greater extent in the future, because the growth continues as well future is completely dependent on technology.

[dragonbhai]

I think that is really a good idea! If you have money you can save Bitcoin for your children. After 10 years, your children will have a good future

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.

[hernanlazaro]

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.

My primary purpose in earning bitcoin is for my future. I want to have a better future by achieving all of my dreams like having my own house and dream car and also to travel around the world. But i will also consider my future son and daughter. Im earning and bitcoin and setting aside some for them and for their studies.

[Anonaneadone]

this must be a good idea. if you save a bitcoin for your children and they can only use bitcoin in a few years. the bitcoin will increase. this is like investing but for the goods of your children. in future your kids will become adult and will thank to you as a parent that you do such a unique style of having good care of them by saving bitcoin and because of that they have a better life.

[nick_nick]

Saving in a diversified portfolio for your kids is an amazing thing to do, and one that could make them incredibly wealthy one day, due to the power of compounding and time. BTC is part of that portfolio for me.

I totally agree with this assertion that saving in a diversified portfolio is a great way of giving our kids a great future. Saving in Bitcoin is undoubtedly on of the best ways of ensuring time value of money for your kids.

[Lomperd1]

I will also save my bitcoins for my children because it will help them further in their lifes, because i don't want them to feel any pain i want to make them happy.

I think of a price of 1 million at least to make them really happy.

[lani123lani]

to ensure your children's future gets a chance to use some of the benefits made through the bitcoin itself. Given how fast the bitcoin increases.

[Naoko]

any savings will be beneficial for our children...maybe it's worth thinking about bitcoin...although I prefer gold for now, because it is more stable...maybe in the near future I will save bitcoins for children

[g4vinshreds]

It would be amazing if someone could come out with an invention that would simply ask you if your alive once a year or something and wait a year.  If you confirm it,  you're good ,if you don't,  then your bitcoin is sent to your relatives so that you can die in peace.

[Silberman]

It's not a good idea in my country, parents often save gold or cash for their children only. With people living in my country, Bitcoin is something very strange and they don't really know what it is so I think they'll not spend money to invest in Bitcoin then save it for their childrens. Beside Bitcoin is going to be banned in my country so maybe in the future it'll be illegal if they give their children Bitcoin instead of gold or cash.

Be prepared for that to change, I have also heard of that tradition of parents buying gold for the future of their children but as with anything things change even traditions, I think that in the future people instead of buying gold will begin to buy bitcoin for the future of their kids and that is a great thing to do since an investment of a few thousands of dollars now may become a lot more money in the future.

[iluvpie60]

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.

Hey, you should tell me where it is!

Just kidding

Yes that is a good idea, but make sure that you have multiple back ups to that. If your house burned down you need to understand a safe that is fireproof only keeps things fireproof for a little bit. If the entire house was on fire for a long time it will burn through the safe.

So what will you do in that situation? You could deposit it in a bank vault for a cheap fee(a back up copy). They likely would never burn down, and in the event they did you would be covered on it.

[Darknight31]

Saving in a diversified portfolio for your kids is an amazing thing to do, and one that could make them incredibly wealthy one day, due to the power of compounding and time. BTC is part of that portfolio for me.

Saving bitcoin for the future of your kids is the right thing to do. For a parent to be ready for  the future of their kids is a responsible parent thing to do. I mean it is not only the children who will benefit from it, but also the parents because they will not have any problem about financial because they will be ready.