Bitcoin Forum
March 29, 2024, 12:08:59 PM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 ... 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 [104] 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 »
  Print  
Author Topic: Saving Bitcoins for your Children.  (Read 24427 times)
Shishir99
Sr. Member
****
Offline Offline

Activity: 644
Merit: 379


View Profile WWW
January 23, 2018, 01:16:15 PM
 #2061

It is very good thing to do something for your children.
But keeping huge money in bitcoin for long time could be risky.
Because everyday we are seeing problem and controversies in cryptocurrency world.
No one knows the future of cryptocurrency.
But being positive i will say it will be very good.
1711714139
Hero Member
*
Offline Offline

Posts: 1711714139

View Profile Personal Message (Offline)

Ignore
1711714139
Reply with quote  #2

1711714139
Report to moderator
1711714139
Hero Member
*
Offline Offline

Posts: 1711714139

View Profile Personal Message (Offline)

Ignore
1711714139
Reply with quote  #2

1711714139
Report to moderator
1711714139
Hero Member
*
Offline Offline

Posts: 1711714139

View Profile Personal Message (Offline)

Ignore
1711714139
Reply with quote  #2

1711714139
Report to moderator
The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
tanxingwo1215
Jr. Member
*
Offline Offline

Activity: 105
Merit: 6

Get Paid to Play your Media on Current


View Profile
January 23, 2018, 01:39:35 PM
 #2062

Storing BTC for children is a visionary idea.
This can take longer to hold BTC, so BTC also has risks, but BTC still has potential in the future. When the children grow up, maybe the value of BTC can help them to solve their financial pressure!

▃▃  ────▾ CURRENT ▾────  ▃▃
█ ▁ Get Paid to Play All Your Media ▁ █ (http://current.us/)
lucas.zimmer
Member
**
Offline Offline

Activity: 88
Merit: 10

Machine Learning & AI - Trustless Ledger System


View Profile
January 23, 2018, 01:43:35 PM
 #2063

The idea is very good, I thought about it for a long time
Most likely I'll leave them a small amount of bitcoins, even if they fall because it is not known what will happen in the future
And so I have already prepared for complex and emergency situations

I will probably do the same. I'll prepare a portfolio which has little bitcoin and little alt coins. If one of those alt coin survive and grows then they will be happy otherwise I will try to leave them some stocks and maybe house if I can.

RonJohannson
Newbie
*
Offline Offline

Activity: 56
Merit: 0


View Profile
January 23, 2018, 01:50:01 PM
 #2064

I just keep them all with my other investments, and set aside some digital asset money for them.  I look at the prospect of owning a high-value digital asset in 10 years versus gifting them a bitcoin.  But yes, I'm using a Ledger Nano S with the associated paper wallet in order to keep everything safe. 

That beign said, if you're holding coins and they get to the point of covering a college education, per say, then it could make sense to take some money off the table and put that into the college fund, and save the remaining "coin" portion as the cool gift to them. 

Like, don't just hang on to 10 bitcoins if they're worth $100k each, maybe sell 1-2 and guarantee that they can go to any school they want for free, including room and board. 

To me that is cooler than giving them a coin.
Alexandr210774
Newbie
*
Offline Offline

Activity: 98
Merit: 0


View Profile
January 23, 2018, 01:50:39 PM
 #2065

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
I do not think it's a good idea to leave bitcoin for children. It's like a stick of two ends, on the one hand, perhaps you are right, and if you postpone bitcoins for children, they will be very rich, and on the other hand, with time, bitcoin will be replaced by something else, and again everything will go round, and bitcoin will lose volatility.
Spanopohlo
Full Member
***
Offline Offline

Activity: 322
Merit: 101


Aim High! Bow Low!


View Profile
January 23, 2018, 01:56:50 PM
 #2066

Well If your BItcoin IS really that High in numbers I suggest leave your password to some safe keep or leave it to your last will. Because who would benefit from your hard earned BItcoin if you just bring it down to your grave. GIve it to your children, Share it equally to your family, before you die teach them the basics and start their own account to transfer it. Be a responsible father/Mother, for your children are your treasure more than anything.

Xccute
Newbie
*
Offline Offline

Activity: 12
Merit: 0


View Profile
January 23, 2018, 02:18:10 PM
 #2067

Saving Bitcoin is a great idea not only for our children, but also for ourselves, our families in general. The price after some years will become a lot higher than the actual price, most likely. So the holders will earn really big profit.
Boybugwal760820
Full Member
***
Offline Offline

Activity: 308
Merit: 100



View Profile
January 24, 2018, 05:02:15 PM
 #2068

Saving bitcoins for your children is a good way in preparing your future, so you should better start buying bitcoin now as many as you can as long are able to work and earn so you can start buying bitcoins now... gradually those all bitcoins that you have bought will eventually increase its market value gradually and you will never know that all the bitcoins that you have saved will be worth many millions already when you will have your own children.
jasonhart
Newbie
*
Offline Offline

Activity: 322
Merit: 0


View Profile
January 24, 2018, 05:59:57 PM
 #2069

To Keep bitcoin for our next generation is a great idea we do not know where bitcoin will be in the coming years, however if it stays on the track with where it's going even few fractions of a bitcoin will worth a very huge amount. Always remember to keep the keys very safe and have a clear instructions on how your generation would get it should incase anything happen to you unexpectedly.
baby222
Hero Member
*****
Offline Offline

Activity: 1008
Merit: 501



View Profile
January 24, 2018, 06:02:38 PM
 #2070

It happened last week for a guy I used to know. He died and he had some coins left in his e-wallet. Fortunately a programmer managed to recover all his passwords from the dead guy's laptop and now his family has acces to his coins.
Masonwilliam
Newbie
*
Offline Offline

Activity: 27
Merit: 1


View Profile
January 24, 2018, 06:05:52 PM
 #2071

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.
shailkumari
Member
**
Offline Offline

Activity: 98
Merit: 12


View Profile
January 24, 2018, 06:19:37 PM
 #2072

You can save some Bitcoins for children but it is hard to predict what the prices will be in future. It makes more sense to trade and book profits now.
calvinweight
Newbie
*
Offline Offline

Activity: 65
Merit: 0


View Profile WWW
January 24, 2018, 06:22:14 PM
 #2073

If you have an amount of bitcoin that is worth anything significant, you need a hardware wallet. Check out trezor.io I love their security and ease of use. Just make sure to keep the seed code in a safe place.
Jgatsby
Full Member
***
Offline Offline

Activity: 265
Merit: 100

Pretty kewl right?


View Profile
January 24, 2018, 06:28:26 PM
 #2074

Feel free to save some Bitcoins for your Children, just make sure that it is stored in a secured cold wallet, though for me its better to use it instead, like investing it to build a business for your family and grow it together, i mean its better to keep a physical asset than risking your money into a cryptocurrency you aren't sure of.

Adine.lablab
Member
**
Offline Offline

Activity: 112
Merit: 10


View Profile
January 24, 2018, 06:34:58 PM
 #2075

I really prefer my bitcoin for my children thats why i work hard from it and if the right time ill teach my children to use my bitcoin to continue and earn more profit.So ill keep all my bitcoin for my children and for their future.
Ponzi Shame
Full Member
***
Offline Offline

Activity: 154
Merit: 102



View Profile
January 24, 2018, 06:42:28 PM
 #2076

Saving bitcoin for your children it very good idea but you also need to keep safe wallet and high security. Because it question of your children future. Bitcoin is very good investment.
garybyerz
Newbie
*
Offline Offline

Activity: 294
Merit: 0


View Profile
January 24, 2018, 07:24:39 PM
 #2077

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


To keep physical asset for your children is something easy, however, storing bitcoin for your children is more risky, the wallet where you save the bitcoin might be hacked even before your children grow and reach maturity stage so this needs a very high level of security.
farhanma
Newbie
*
Offline Offline

Activity: 4
Merit: 0


View Profile
January 24, 2018, 07:35:12 PM
 #2078

Saving bitcoin for your children it very good idea but you also need to keep safe wallet and high security. Because it question of your children future. Bitcoin is very good investment.

The bitcoin business process saving to children there are good investment to bitcoin saving.the childrens are requiring you to have any bitcoins that you will invest in their sites.
myhometalk
Full Member
***
Offline Offline

Activity: 138
Merit: 102



View Profile
January 24, 2018, 07:41:55 PM
 #2079

I, for one, I'll keep the bitcoins for myself. Let the children get their own bitcoins. They must work as well someday.
LeveldKrypto
Newbie
*
Offline Offline

Activity: 58
Merit: 0


View Profile
January 24, 2018, 07:47:15 PM
 #2080

I think i probably will buy a small amount for my two kids, and "forget" about it, and maybe in 15 years they will be worth quite a lot, and they can buy themselves a car, plastic boobs, diamond ear rings or whatever! 
Pages: « 1 ... 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 [104] 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!