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Author Topic: Saving Bitcoins for your Children.  (Read 23821 times)
princesocapuyo
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January 15, 2018, 11:00:05 PM
 #2001

Saving Bitcoins for the future is of utmost importance right now when they are still relatively cheap - someday they'll be worth $1,000,000 or more each.

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January 15, 2018, 11:18:54 PM
 #2002

Since I was a child, it has been taught to me that saving is important, and in this case seeing the behavior of the BTC market in the last year is enough to convince us to save on it.
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January 15, 2018, 11:52:16 PM
 #2003

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

Just leave all the important details in a safe place and tell it to your wife or relatives that can be trusted.  But for me,  I will just tell it to my wife because she will take care of my children.

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January 16, 2018, 12:36:52 AM
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 #2004

Any kind of investment with your children in mind is a good one in my opinion. Bitcoin is very risky, so for a 10+ year investment i wouldnt put too many eggs in that basket, unless you're going to actively track it and maybe sell/rebuy along the way.
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January 16, 2018, 12:44:57 AM
 #2005

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.

Yes that's a great idea mate..saving bitcoins for our children is the best way to give for their future..i only wait for the right time to introduce and teach them the goodness of bitcoin..but for now i let them do what they wanted to do because at their young age you can not force them to know something which is not interested to them.
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January 16, 2018, 05:50:01 AM
 #2006

Yes,that's a great idea to save bitcoins for our children.As quite time bitcoin price is upwards if we hold and save bitcoin in future bitcoin will helps our children to maintain their life.So we can start earning and saving bitcoin just from now for a bright future of our children.
All parents are working day and night just to secure the future of their children and if they are investing their hard earned money into bitcoin, what else their children need? Parents cannot do anything better than this for their children. We all know that bitcoin prices will increase further in the upcoming years and by the time, children are able to use bitcoin; bitcoin has already made them millionaires.

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January 16, 2018, 06:24:31 AM
 #2007

It's a good opportunity to accumulate for the future of our children but think first because the value of bitcoin is not very stable or profitable.

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January 16, 2018, 06:35:02 AM
 #2008

I've invested some bitcoin for my child, I hope the next few years bitcoin prices can be higher than now so that my child can be equally investing that I save now

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January 16, 2018, 06:36:31 AM
 #2009

I do not want to invest bitcoin for my child
because I'm not sure bitcoin prices in the next few years will be as stable as bitcoin prices right now
harbin55
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January 16, 2018, 05:22:05 PM
 #2010

It a great thing that you save some bitcoin to secure the future of your beloved children. Bitcoin has a unique characteristics which the people love the most.
The prices always increasing; from this you are rest assured that your money will become worth it future.

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January 16, 2018, 05:37:28 PM
 #2011

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.
Every month I save a small amount for my kids for there future. Me and wife know this. I make this because I want my kids to become secure in coming future.

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January 16, 2018, 05:38:11 PM
 #2012

it seems a good idea to make bitcoin saving for children.
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January 16, 2018, 05:40:31 PM
 #2013

It would be great if we will save bitcoin for our children.It will also be a good savings for their future needs,not just for their needs but also for their wants.They surely be satisfied on what we have saved for them.
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January 16, 2018, 08:39:03 PM
 #2014

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

The bitcoin is so volatile. Saving it for your children for me is not a good idea. we dont know the status of btc after 20 years it could be better or worse.
Perhaps there's new coin/token that take the place of btc after 10-20 years.

Mutual fund is good to invest if you kids' future.

I agree. We cannot even predict tomorrow, how can we leave legacy for 20-30 years later. I will be preparing my legacy in different forms like stock exchange, usd, little btc and little alt coins. whatever grows is good.
This is not a big deal because it will save your bitcoin form wasting and sharing with family is not risk at all. they are owners of your properties and if you will share your bitcoin wallet with them then in any kind of misshape your bitcoin will not be wasted and your savings will help your children and your family so just be happy for your bitcoin wallets sharing with your children and tell them how much you have saved for them.

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cryptojoe
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January 16, 2018, 08:41:55 PM
 #2015

I don't really think about saving bitcoin for that long.
CowboyKiller
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January 17, 2018, 08:52:24 PM
 #2016

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
Its nice idea to store BTC for our future genertion but its highly risky to store amount in your wallet as one may loose his/her private key and password it turns your wallet unaccesible and you loose your amount but at the same time it it will make children aware about Bitcoin and then price of BTC will go to moon
Go to the moon and when the price of Bitcoin reached this target Roll Eyes? I just understand "the moon" is the words for pump coin, it not to uses for a coin is dumping the price more than 50% in the value within one month.
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January 17, 2018, 08:55:40 PM
 #2017

It would be great to be able to do that and I'm sure you can. However, you should be careful to not loose your details and also to share with a third party so that if anything happens to you between now and when your children become old enough, they can access your savings. However, even this can be still dangerous. You really have to be careful with your choice.
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January 17, 2018, 09:00:00 PM
 #2018

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
It will be such a great move to consider saving Bitcoins for the sake of your children because of the capability and capacity of Bitcoin to grow, for sure that in the future at the time when they needed it the most, they will have something to spend off because you have already prepared a financial assistance plan in terms of using Bitcoin so it will be just easy for them to have money. What you will just have to do is to keep your Bitcoin earnings for good and for the sake of the good future of your children.

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January 18, 2018, 06:17:14 PM
 #2019

for now saving bitcoin for our children is very good strategy for your future because for now bitcoin is always increasing its price and bitcoin is always be users by many people and it is so in demand in the whole world thats why it is good to save a bitcoin for your family or children, because when the time past three bitcoin will increases his value and be more valuable than this day and when you save bitcoin you will get Rick in the future.

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January 18, 2018, 07:17:40 PM
 #2020

You need to save your bitcoin for your survival. Bitcoin can invest the life of your children, which will change your future.
Thanks
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