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Author Topic: Saving Bitcoins for your Children.  (Read 23821 times)
Semaj123
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December 16, 2017, 07:30:58 AM
 #1481

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.
Well, if parents is wise enough and trust the power of btc, probably they will save a btc for there children. And I think there are already using this method especially those who already earned huge profit. Parents love their children so much and this is the chance for them to save at least a little amount of btc is enough. Who knows that little amount after 15 years it will be worth millions and give it to your child as a gift.
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December 16, 2017, 07:31:57 AM
 #1482

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

Nice topic to talk about. Never think of that until I read this post. Thanks for making this post for now I'm worry on how to make things right. Secure my account and try to turn it over to my children or my wife in the future.
How would I do that? Maybe I will right down a piece of paper and make a note. Account and details of what and how to get those investments in the future. I hope i'm making it right.
I will check what others comment on this and maybe I can get some ideas.

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December 16, 2017, 07:38:34 AM
 #1483

Keep it until I can have the funds for to the adjacent generation is a all powerful idea, that we realize not know where bitcoin will undertaking the adjacent year and maybe bitcoin will be every part of necessary in every one large numbers. all in the works due to unhappiness.
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December 16, 2017, 07:39:11 AM
 #1484

yes. My uncle saved a bitcoin for her children. because he wants to have a bitcoin he can save for his children because he knows that bitcoin is not forever so he gathers and carries out his own business.

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December 16, 2017, 09:20:05 AM
 #1485

yes. My uncle saved a bitcoin for her children. because he wants to have a bitcoin he can save for his children because he knows that bitcoin is not forever so he gathers and carries out his own business.

I don't get the point of your uncle saving the bitcoin for his children yet thinks that bitcoin is not forever. Bitcoin for me seems to have potential sustainability in the market. Therefore, it is strategic to save bitcoins for the future of our children for them because it will be a great advantage for them since bitcoin is continuously arising. However, it is also important to be prepared and make contingency plans whatever happens with bitcoin.


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December 16, 2017, 10:58:16 AM
 #1486

Bitcoin like most other crypto currencies are very volatile and carry no yield unless you lend them using P2P lending services. Which means you'd be relying on capital growth though the increase in value of Bitcoin to grow your investment. I believe that Bitcoin still has much potential but so do many of the new crypto currencies most of which have been built from the ground up to deal with the shortcomings of Bitcoin. If you're looking to invest in crypto currencies you may be safer off investing in a portfolio that consists of Bitcoin, Ethereum and Litecoin.
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December 16, 2017, 11:01:21 AM
 #1487

Actually, im trying yo save some bitcoins for the college funds for my children. Maybe that time it is enough to fund my childrens college with extra money for them.

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December 16, 2017, 11:10:01 AM
 #1488

Well the worst case scenario is that you're leaving them a flash drive, so you may also want to include some traditional assets as part of their inheritance as well.    Cheesy

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December 16, 2017, 11:35:27 AM
 #1489

It is good saving bitcoins for our future because the longer the bitcoin you save the value will going up

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December 16, 2017, 11:43:18 AM
 #1490

yes I accumulate my earned money on bitcoin at coin.ph so I have to get it if we need money for my family and my son because of this bitcoin you need to accumulate even the amount you earn every week because you do not know someday you might lose bitcoin in your life and if you have nothing to accumulate.
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December 16, 2017, 02:47:22 PM
 #1491

I think it is really a great idea to save bitcoins for our children. It will help us a lot in the future if we are saving the bitcoin for our children. The fund for our children will be need a lot for their food, clothes, even their education.

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December 16, 2017, 03:01:07 PM
 #1492

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 don't think that bitcoin wallet could be hacked by anyone easily because it is very high secured, and it could be not hacked by anyone and bitcoin is the very good investment for our children and for their future.
 

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December 16, 2017, 03:10:01 PM
 #1493

That is a good investment for your children. I think you have a huge savings for your son now since you've started saving for some time now. I'm thinking, I will do the same when I have my own children so that they will have no problem in money if ever they will badly need some for their financial problems.
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December 16, 2017, 03:12:05 PM
 #1494

That is a good investment for your children. I think you have a huge savings for your son now since you've started saving for some time now. I'm thinking, I will do the same when I have my own children so that they will have no problem in money if ever they will badly need some for their financial problems.

Everybody wants this, but doing this is hard and maybe we can't afford this. The current price of bitcoin is very high and buying it for our children is very money consuming activity. We can only buy something like 0.01 and 0.005 amounts.
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December 16, 2017, 03:26:05 PM
 #1495

yes. My uncle saved a bitcoin for her children. because he wants to have a bitcoin he can save for his children because he knows that bitcoin is not forever so he gathers and carries out his own business.
That's good for you and your child, that means you have to teach and introduce bitcoin to your child. But kids usually just want to have fun and a pedestal to learn. So you should not force them to know and do what you do in bitcoin. Let them do what they want. If you want to keep bitcoin for your child but they do not want to know, you can entrust the bitcoin you keep to your relatives and give it to him to give it to your son someday.
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December 16, 2017, 04:02:24 PM
 #1496

It is good saving bitcoins for our future because the longer the bitcoin you save the value will going up
How old are you? and you are sure that time Bitcoin is still a major asset. I don't want to curse bitcoin, but we have to look at the facts. the future is unpredictable. There may be accidents happening to bitcoin. and savings with bitcoin very adventurous. the worst thing is bitcoin will die or no longer valid

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December 16, 2017, 04:05:33 PM
 #1497

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, you need to checked it everytime and be aware on what is happening on it. But it is also a good idea to store your money in bitcoin but make sure that the wallet that you are using was safe and has a back up to recover it when something happen Wrong. Still do storing in bank for a much sader for your children.

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December 16, 2017, 08:38:50 PM
 #1498

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

Well, That's a good idea. Much better if we will invest in bitcoin rather than any bank that is requiring you to put your money in a bank. In bitcoin, You can earn Bitcoin by many things. If you don't have any bitcoin, you can mine and join signature campaigns. They are not requiring you to have any Bitcoins that you will invest in their sites. And if you already get your profit, Invest it. Earn and Invest. And i know that in future, Bitcoin will increase up to $30,000 and it is a great opportunity for us, as a Bitcoin earners and investors. Our children will be benefited for this our great works.
Not only that but banks do not give to you anything like the profits bitcoin can give to you and when you take into account all the trouble you need to go through in order to withdraw your money from the bank then it is very clear that bitcoin is the best option we can use to save our money.



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Rainbot
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Andika23
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December 17, 2017, 01:46:04 AM
 #1499

of course I will save my bitcoin bit by bit for my child let my child will feel the result of my hard work so far with bitcoin I hope my son will be happy to use bitcoin in the future.
pluMmet
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December 17, 2017, 01:51:10 AM
 #1500

Saving bitcoin to children is could be a good, because we can give a preparation for a after our child an adult, because no matter how we as old people would want to give something for children after their adult and, and bitcoin could be an option with the value that it will be given a big advantages
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