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Author Topic: Saving Bitcoins for your Children.  (Read 23955 times)
Sir Paijoe
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December 09, 2017, 06:27:57 PM
 #1361

I'm not planning on saving bitcoin for my children, this is because bitcoin is too volatile and there is no 100% guarantee that the price will be higher than it is now, I will regret if the bitcoin saving and its value someday not more than $ 1000.

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December 09, 2017, 07:26:00 PM
 #1362

when my children grow up, it is most likely not bitcoin, and another asset will be in price
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December 09, 2017, 10:16:02 PM
 #1363

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



because kids are kids, you may want to do this with a hardware wallet. the updates will ensure that the kids will be able to spends the coins at some distant point in the future, even if there is a major change in the protocol (for example, the way public addresses are formatted). this wont be quite so easy to lose or destroy as a paper wallet as well, and wont be subject to breach simply if someone finds it (the damnable paper wallet).

most paper wallets have this terrible flaw; the private and public keys are clearly labeled and visible once you obtain the document. the best paper wallets have your information on them, but in  way that only you understand. if its too clear and someone finds the paper key, then you just gave away the keys to your kingdom in a very clear and concise format Cheesy
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December 09, 2017, 10:53:19 PM
 #1364

Its better to say i can save money for my kids from bitcoin.  Perhaps bitcoin is good enough but the risk of keeping a bitcoin in our wallet is very risky most specially if our wallet hacked by hackers.

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December 09, 2017, 10:59:31 PM
 #1365

Its better to say i can save money for my kids from bitcoin.  Perhaps bitcoin is good enough but the risk of keeping a bitcoin in our wallet is very risky most specially if our wallet hacked by hackers.

Savings bitcoins for our children is a good idea even if we always just put a small fraction on our wallet base on our income. It will grow in the future if the price of bitcoin will reach new highs but i agree that there will be an issue with these hacker if they compromised our wallet so we need to be extra careful by using multiple wallets or by buying some hardware wallet.

hello?
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December 09, 2017, 10:59:44 PM
 #1366

yes i will save Bitcoins for my children and future
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December 09, 2017, 11:17:56 PM
 #1367

Im saving bitcoin not only for my child but for my future wedding or we should say for my future family im investing her in bitcoin to earn and have an income and when im earn 20 to 30 percent of my income was in bank but the rest was  in the investment to prepare for the future because if you are saving it is easy for you to buy and provide what they needs.
Investing in bitcoin needs to be a priority, investing for a future expense is smart but it is even more smart to avoid that expense and if that is impossible to expend as few of our bitcoin as we can, bitcoin is giving very strong signals this is not the end and that we may reach higher prices very soon.



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Rainbot
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December 09, 2017, 11:39:38 PM
 #1368

Bitcoin has become so big it's unstoppable now. It's going to stay parabolic for a while and of course any kind of saving will benefit of being moved to bitcoins.
Explanation here: https://medium.com/@netcashfx/bitcoin-an-experience-of-hyperdeflation-5f7ac369b721
Just watch out for a major shift of sentiment but if you're here you are one insider
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December 09, 2017, 11:43:07 PM
 #1369

yes i will save Bitcoins for my children and future

Saving bitcoins for our children, or becoming children is good, but I think if we can put that to investment I think that will be better. Not all the time. the price will be always pumping and even if the price are increasing, the number of your saved bitcoins will not be changing, so I think if you can invest your bitcoin into sites like gambling or exchangers, not only the price will increase, but also the amount of your saved bitcoin.

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December 09, 2017, 11:47:05 PM
 #1370

I think any parent that knows about Bitcoin needs to strongly consider saving Bitcoin for their children at this point. In fact, if they did in the past year they would get 10x return on their investment in just 1 year. A $5,000 investment 1 year ago would pay for a couple of kids college educations... that is how much Bitcoin can help your life when you invest.

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December 09, 2017, 11:50:59 PM
 #1371

The smartest thing any parents could do right now is buy a bitcoin for each of their children. When they are older it will be worth $1,000,000 and they will always be financially free from stress as long as they aren't terrible with money.
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December 09, 2017, 11:51:21 PM
 #1372

yes i will save Bitcoins for my children and future
That was very good idea, savings bitcoin for your children is totally the best, but right now i dont have yet children but i have 2siblings that is studying collage right now i am the one who pay for there school expenses and i am working word because of them and because of my family, i will always save bitcoin for my family for a better future.

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December 09, 2017, 11:53:27 PM
 #1373

well keeping it in an offline ledger and making it without password can be a way to store it.
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December 09, 2017, 11:56:46 PM
 #1374

Yes, I totally agree with this point of view. Bitcoin is an kinds of asset like gold or stock. If you can save them for your children, they will have a big money when they grow

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December 10, 2017, 12:46:38 AM
 #1375

Saving bitcoin is the best for future and your children,I will always save bitcoin also for my family for a better future.
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December 10, 2017, 12:54:13 AM
 #1376

Great idea bro..im holding my btc too just for my future holding it till bitcoin get 100k$ hehe or almost 2 years from now so that time maybe i can buy lot of thing or what i want in my life...
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December 10, 2017, 12:57:57 AM
 #1377

buy and hold XRP, SIA & ELECTRONIUM for your children. i'm pretty sure they will treated u like a god.

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December 10, 2017, 01:11:40 AM
 #1378

buy and hold XRP, SIA & ELECTRONIUM for your children. i'm pretty sure they will treated u like a god.
Right now i dont have a children but i am saving all of my bitcoins for my family and for my siblings, i am holding my bitcoins, and i will hold it as long i can so i can make many from it, and in that way our me and my familes future is very bright, and i will work very hard so i can get many bitcoins to hold or to save.
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December 10, 2017, 01:23:00 AM
 #1379

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.
Saving is best for your children. They are settle in the future finances and they will not be worry about in any financial aspects. And possible that the bitcoin you save might get higher or increase its value and that would be very beneficial to your child. Since I am only a student I would not saving my btc for my child because I don't have yet but instead I would use it to finance my study and fees. It would be a big help for my parents because the money that they should give to me, they can use it in other business that would probably an additional income for them.

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December 10, 2017, 01:43:36 AM
 #1380

I think that's good for your future and your child. we all believe that bitcoin in the future price will soar. if you have a bit of bitcoin, try to save it.
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