Saving Bitcoins for your Children.

[COCOMARTIN]

Well i must save my money for my future children for they're future they have a money . So I'll invest my money and the rest i save it for they're future it can help to her/his fund .

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[koyo12]

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.

Holding bitcoins or saving bitcoins to your children's future is like you invest your money in the bank. So for me, it's better save bitcoin for my children so that in near future they also experience the value of bitcoin.

[idgaf007]

It is really a good idea in my opinion, I would mine in a ledger and tech my kid how to access it in the future, better educate them young on how to process and perform the transactions it will act as a backup so that in the future even if we are gone they can still access it. Or print it in a paper together with the instructions on how to access it then keep it in a safety deposit box

[Arisgado]

If you want to keep bitcoin for your children future, then that is entirely up to you. But it's a good idea to apply to those who wants their children to have a good future. Because, the bitcoins will survive, but if your plan succeeds, your children will have a lot of good. However, It seems kinda complicated. Who keeps the private keys.

[miyong]

Saving for the future of your children is a good idea, it is a very right and wise thing to do as parents.  As you get older and cannot work anymore,  you can use those saving for your children 's future expenses.

[soulstreak]

Maybe someone has already suggested this.  I would just put it on one of your spare hard drives.  You could do this and wouldn't have to worry about someone stealing it.

Good luck with everything.  Just try your best to keep your assets safe.

[Cointertrade]

You can write down the seed words to the wallet that holds the coins and send them to separate lawyers/deposit boxes or to some other supports you think are suitable.

It would be a great idea for us to hold bitcoin for future children of yours so if i have given a chance i would love to hold for my children in the near future because we dont know what will happen in the future so thats the great idea, we should think our future and what will happen in the future, lets think our future so we must hold some bitcoin and save for our childrens future.

[jepoyr1]

Oh yes,it wasn't a good decision but i think it can help those children if we keep it to the future it can help there tution paid, their needs, also they can even ask you to teach how to use btc.

[Dorion2124]

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.

Oh this is a good idea i could do this too for my children. Because now i just save it in a file and me is the only one who knows my password. I would share it to someone also so that if i die theres something who know my earnings and they can use it for my daughter.

[patrickj]

I don't imagine that is a smart thought, in light of the fact that bitcoin is so unstable and there are as yet numerous negative issues that can not be beaten, so bitcoin isn't exceptionally persuading later on, in light of the fact that the legislature can forbid bitcoin from circling once more, and all the bitcoin that has been in the tube vanishes , should my recommendation spare with paper cash, as a store in the bank.

[miang]

It is good that we are thinking tge future of our children. But I also think that our own savings is also enough for our child/children since I think that, that is also the same. Our money is also their money too, we save for them and we save for their future purposes. Savings bitcoins for our children will be a good way to earn since we all know that bitcoin is increasing its value.

[rxtwo]

I'm saving my half of my bitcoin everymonth for my childrens . because 10  years from now they will be attending colleges and I want them to go to college so investing in btc is one of my options since the prediction for the price 5 years from now could reach as much as $25000. that's a huge value so I already told them about btc and how it works.

[gidaahmad]

The child is the future and the successor of a life of the nation. We should save some of our money in the bank (recommended) and some in Bitcoin (but not recommended). Due to the fluctuating price of Bitcoin, it can make your money less valuable in the future.

[SteinsGate]

I'm saving bitcoins also for the future of my children because I believe that it would not be this year or next year that I will be needing the coins I am keeping so I just keep on adding until the time that I would have enough bitcoin for my kids' schooling expenses.

[finzyoj]

I don't imagine that is a smart thought, in light of the fact that bitcoin is so unstable and there are as yet numerous negative issues that can not be beaten, so bitcoin isn't exceptionally persuading later on, in light of the fact that the legislature can forbid bitcoin from circling once more, and all the bitcoin that has been in the tube vanishes , should my recommendation spare with paper cash, as a store in the bank.

Agree, or use the bitcoin as source of income. Additionally convert the other bitcoin to fiat and save it to the bank like what you said. And if bitcoin price will increase its a gift because you earn without doing, or if this will fall atleast they have save money to secure the children future.

Oh yes,it wasn't a good decision but i think it can help those children if we keep it to the future it can help there tution paid, their needs, also they can even ask you to teach how to use btc.

I think it is good if you have now and then it will be use in the future or let say for children future needs. Bitcoin is beneficial if you choose the long term way of earning. Because as long as bitcoin become old the user increase and the price also increase.

[joesorrell]

I think it’s very smart idea  for your future and your child. we all believe that bitcoin in the future price will go up. if you have a bit of bitcoin, try to save it for your children future

[bitctrimor1]

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.

I agree. But, that can only prove to be a good move if Bitcoin's value would rise up until such time that whatever amount of Bitcoin would be assured to gain a good value even if converted to any prevailing currency. The thing about Bitcoin right now is the fact that we're not sure just yet what will happen to it, for it may either prosper or burn out depending on how people will support it in the coming years. Even if it has been there for ten years, it's still in its baby stages, so there's a lot of things left to happen.

[paras20]

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.

Yes bitcoin is one of the great investment for your children for their educational needs for their future someday

[soramon]

Saving bitcoin for future is a good move. I think i will do that for my future children. Buying some stuff with bitcoin and save some. Just in case If the value of bitcoin go down in several years. I like to watch the progress of bitcoin

[TrinurTrii]

The good idea to save bitcoin for the future of children is a very good plan because along with the development of child age of course the bitcoin price will be higher, in addition to saving bitcoin of course has many advantages that we can get but at least we can also prepare our children in the future, I think it is also beneficial for children in the future to understand and understand the meaning of the bitcoin function