Saving Bitcoins for your Children.

[Arisgado]

Saving bitcoin for your children is really good. I'm saving not only bitcoin but other crypto currency that has potential in the future. I want to save bitcoin also not only for my child but also for our family so that we can have a happy life.

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[Janation]

I guess its a good idea than getting an educational plan for them. Because many life plans company closes due to bankcuptcy. I am just saying.

Saving bitcoins for them is not a bad idea, but there are still some problems with bitcoin that might be a problem to that plan. And I think the first thing we must consider is where will that children use that kind of money if let's say the price of bitcoin is so expensive? I think it is best if there are some people who will hold it for them and guide them on using and spending it.

[Bitcoin_trader2016]

Yes obcourse i was saving some of my earning bitcoins for my children. We dont realy know what will happen to us in the future so mucb better if we already arrange some of our income for the futures of our childrens.

[Butchick]

This is very much possible and since the only way we can get into the account is thru the pass codes in which we can keep it safe by tucking it somewhere safe. Saving bitcoins for the kids is actually a perfect idea for a long term investment and i think one way you can keep the codes is by keeping them in vaults that only these kids can open. But of course, you have to keep track of the value because, of course, its important so you wouldn't be losing any amount.

[Asmonist]

Yes of course. This can be one of the purpose. Its like saving a trust fund for you children when they get at the right age. It can motivate you more to earn bitcoins for children's future. You can use it on there education and medical expenses as well. Its so good to save bitcoin for a particular purpose to have direction on your bitcoin whereabouts.

[Bacotan Bae]

Saving bitcoin for our children is a good thing, by setting up bitcoin for them will certainly make their future better and we should know that the cost of education in the future is so expensive that bitcoin can be a good solution.

[Kadal Ijo]

Saving bitcoin for children is perfect, if we saving now $ 1000 then another 10 years will reach $ 1,000,000 and with $ 1 million will make the future of the child better.

[sozvdhua]

Saving bitcoin for children is perfect, if we saving now $ 1000 then another 10 years will reach $ 1,000,000 and with $ 1 million will make the future of the child better.

According to the current development of bitcoin, I think nowadays buying a bitcoin is about 15,000 U.S. dollars. After five years, visual observation will bring more than 100,000 U.S. dollars to the children.

[glowing10]

Saving bitcoin for children is perfect, if we saving now $ 1000 then another 10 years will reach $ 1,000,000 and with $ 1 million will make the future of the child better.

Who know this could turn out to be true if bitcoin keep rising at this pace without much hindrance from anywhere. Though it is not a realistic but still atleast i can rise much more than what it is at present and you can easily make some money by even investing now and selling later when it rises which can help your children.
 

[Asuspawer09]

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.

A bit risky but somehow a good idea. It is just that there's nothing sure about it. This plan must move qlong the rise of bitcoin. If this would continue then it can turn out a good saving you could give to your children.

[katrimans]

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.

This is so nice that your uncle is saving bitcoin for his children. His children are really going to be thankful to him in the coming years when bitcoin will be the most expensive commodity of the world. We all should understand that it is just like property and we should collect bitcoin for our future generations so that they can spend lives in the best possible way. Your uncle is a very wise man and you should also follow him.

[chidrawarster]

I see many of us investing in stocks , shares, bonds,forex and now crypto currencies especially BTC for higher returns and good future of our survivors. This has been prevailing for some time now and i also see many of us remove their profits and keep the principal amount as it for getting more returns, thats also a good strategy. I would have compounded it for much more good returns instead of withdrawing it partially as BTC has a long way to go.

[Silberman]

Well all I know is this is possible. What is more is that it is not yet taxed as of moment. Hence, any transfers until taxation has come full circle will definitely benefit the transferee because the latter will receive the full amount allotted to him/her.

I have read that there is an automatic transfer to your heirs should you die if you set in your Bitcoin accounts a time frame as to when you will effect such transfer.

While this idea is futuristic, we still have to await and see for ourselves how long can Bitcoin make it. Otherwise, all our Bitcoin wealth will be at naught.

Personally I think a better idea will be to create some sort of smart contract that requires you to enter a password at least once every year if a full year passes without you entering a password the smart contract assumes that something happened to you and sends your bitcoin to an address that you specified in the smart contract, that address will be obviously controlled by your heir.

[daarul50]

Seeing a good prospect of bitcoin for the future does not hurt us to store bitcoin as much as possible because with that we will secure the supplies for our children later, especially now more and more projects are done using bitcoin. It will make bitcoin a top choice for investors even though the risk is proportional to the profit earned.

[Genosx]

From me it is a great thing that you use bitcoin in securing the future of your children.
Bitcoin is the best company suited for your investment since they provide a high yield of interest and high security so you are assured that your moeny is in the right hands.

[muhammedb]

I think the greatest asset now is to make bitcoin and save it for your children, because it have more advantage over banking money for your children, it can increase within a blink of an eye. Just image someone that bought bitcoin in2008 and store it for his children, how will you classify that investment.

[syntac]

If we aim to save bitcoin for the child's future, we should make details about the address and key of bitcoin and store safely, write testament to the child about it. So when we're dead, our children can sell the bitcoins we keep safely.

[kumarcp]

Saveing a bitcoin is good it will be considered as an assets in future days it will be helpful for your children

[Renampun]

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.

it would be great if it could be realized because currently only Bitcoin holders know their ID and Password wallet, and if the Bitcoin holder is dead then his or her Bitcoin will disappear with him or her , hopefully, in the future, there will be such a trustworthy bank store ID and Password along with his or her heir ...

[Karmakid]

Sounds good to me specially if when they grow up the bitcoin is still alive in the crypto currency world,
And I hope that when that time comes the price of 1 bitcoin would be so high .