dongyi17
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November 20, 2018, 05:02:18 PM |
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For me, No, because no one can predict the price of bitcoin,, although can manipulate some BIG whale, but its not guarantee you can earn profit after you invest, like now bitcoin is dropping down. I suggest IF she/he earn profit from bitcoin its better to save in bank for the future of kids or other company higher interest .
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illusion_ishita
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November 20, 2018, 06:41:55 PM |
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According to me it's not a bad idea because its value going up. and its valuable. i think its definitely going to help your kids in future. No doubt it's very risky but if you need profits you need to take some risks.
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nuraziaaziz
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November 21, 2018, 03:24:52 AM |
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Yes, Bitcoin is a good way to save money for kids because by the time they grew up, blockchain technology will already been widespread so it's better to let the kids to understand what is it for and the benefits as it will take quite a while for some people to understand how this blockchain and bitcoin works.
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SimonJones
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November 21, 2018, 03:35:02 AM |
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A friend of mine started to save money in BTC for his son.
Now he is in worry about the idea because of this last dropping months.
I told him to re-load some BTC up to lower the average.
If you have any suggestions about this please share
Its BTC a good way to save money for our kids?
Will this pay them a car? the university? a house? nothing at all?
I think he chose the right option. For long term investment, bitcoins has proved itself to be the best multiple times. So, please tell him not worry and hold his coins. |
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timotron (OP)
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November 21, 2018, 08:34:06 AM |
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Thank you all for comments, very interesting. I enjoy seeing some variation in the ideas and replies.
I will show him this topic, maybe he gets a bit a trust again into crypto!
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Trooper is a suite of tools for the gaming ecosystem, our first tool is a dedicated job portal for gamers to get engaged, all wrapped around the Trooper token MEDAL - $MDL https://linktr.ee/trooperjobs |
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pacman7331
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November 21, 2018, 09:19:28 AM |
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Before doing something people should think twice as you know bitcoin is highly volatile and its price can be ups and down anytime. Because of this reason investors need to think about saving money for their kids. But to me, bitcoin is the standard platform for long-term investment and also profitable.
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ethereumhunter
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November 21, 2018, 09:24:31 AM |
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A friend of mine started to save money in BTC for his son.
Now he is in worry about the idea because of this last dropping months.
I told him to re-load some BTC up to lower the average.
If you have any suggestions about this please share
Its BTC a good way to save money for our kids?
Will this pay them a car? the university? a house? nothing at all?
Yes, I think he makes a good way to save bitcoin from now on and he should not worried about anything unless he doesn't learn more about bitcoin. And if he can buy much bitcoin right now, probably he can use some bitcoin to trade and search another profit with bitcoin or altcoin because I see that we have a chance to increase the amount of bitcoin. But if he doesn't want to trade, then he only needs to wait for the bitcoin price to go up and sell some bitcoin to get that money. But I suggest to your friend to not use all of his money to invest in bitcoin, and he still needs to save fiat in his bank account so he can buy something for his family and he can have the investment in bitcoin. |
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Peashooter
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November 21, 2018, 09:25:25 AM |
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Indeed. It is a good way to save money for our kids simply because once you have a lot of bitcoin kid future will be have bright future. But, if you save money with bitcoin you should store it in a safe place. You should also tell to your kids about it so that they can really use it in the near future.
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Roidz92
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November 21, 2018, 09:38:18 AM |
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The avarage is the best tip you can give him. I would suggest him to put ALL college funds and school funds into btc. Not only because the price is "low" ( it can goes lower) and it will be much higher, but basically because the school is just a debt and a waste of time. debt vs asset, do you really need to choose?
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shesheboy
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November 21, 2018, 09:47:49 AM |
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Indeed. It is a good way to save money for our kids simply because once you have a lot of bitcoin kid future will be have bright future. But, if you save money with bitcoin you should store it in a safe place. You should also tell to your kids about it so that they can really use it in the near future.
But how can you be so sure that bitcoin wont leave us ? What if the price of bitcoin continues to decline ? Do you know you actually consider these consequences ? Anyway , i might be wrong and you might be correct of your predictions and decisions . just follow your heart and do what you think that is good for you because at the end of the day , that is still your life and that is still your money not ours . In my case i will prefer banks over bitcoins because banks are already guaranteed that can last a lifetime especially if im planning about my future and my families future . |
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nicko122
Jr. Member
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November 21, 2018, 09:54:26 AM |
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A friend of mine started to save money in BTC for his son.
Now he is in worry about the idea because of this last dropping months.
I told him to re-load some BTC up to lower the average.
If you have any suggestions about this please share
Its BTC a good way to save money for our kids?
Will this pay them a car? the university? a house? nothing at all?
It is impossible to predict the future and say exactly what will happen with Bitcoin in the near future, and even more so in 10 years and beyond. But it seems to me if there is a possibility, then it is a good idea to save some money in Bitcoin. |
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EllieBasti05
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November 21, 2018, 09:59:01 AM |
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I think yes, But bitcoin is very volatile that is why we can depend on its value, and we dont know what will happen in the future and there are many what ifs?
-What if? value of bitcoin dropped to $100 in the future?
-What if bitcoin leaves us ?
I must prefer do saving also in fiat and put it in the bank or put it in the stocks so that the money will not be in stagnant.
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pooja1982
Copper Member
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November 21, 2018, 10:28:08 AM |
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Yes, Bitcoin is a good way to save money for our kids. I think that bitcoin is a good investment for future course of action and fulfill our family dreams. Bitcoin have the big opportunity to growth of money than gold, property and other saving traditional resources.
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timotron (OP)
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November 21, 2018, 10:36:43 AM |
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Before doing something people should think twice as you know bitcoin is highly volatile and its price can be ups and down anytime. Because of this reason investors need to think about saving money for their kids. But to me, bitcoin is the standard platform for long-term investment and also profitable.
OH well, I believe he thought a while about it, more than twice haha... I agree on your BTC speculation! Indeed. It is a good way to save money for our kids simply because once you have a lot of bitcoin kid future will be have bright future. But, if you save money with bitcoin you should store it in a safe place. You should also tell to your kids about it so that they can really use it in the near future.
yeah, crypto education is a must nowadays! The avarage is the best tip you can give him. I would suggest him to put ALL college funds and school funds into btc. Not only because the price is "low" ( it can goes lower) and it will be much higher, but basically because the school is just a debt and a waste of time. debt vs asset, do you really need to choose?
what do you mean with avarage? I think yes, But bitcoin is very volatile that is why we can depend on its value, and we dont know what will happen in the future and there are many what ifs?
-What if? value of bitcoin dropped to $100 in the future?
-What if bitcoin leaves us ?
I must prefer do saving also in fiat and put it in the bank or put it in the stocks so that the money will not be in stagnant.
I would take some gold too, is so crazy cheap due manipulations, when the FIAT crash comes, not only Crypto will explode, Gold and Silver too... Yes, Bitcoin is a good way to save money for our kids. I think that bitcoin is a good investment for future course of action and fulfill our family dreams. Bitcoin have the big opportunity to growth of money than gold, property and other saving traditional resources.
Also has more risk! |
Trooper is a suite of tools for the gaming ecosystem, our first tool is a dedicated job portal for gamers to get engaged, all wrapped around the Trooper token MEDAL - $MDL https://linktr.ee/trooperjobs |
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SaveOurSea
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November 21, 2018, 10:37:43 AM |
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no, because bitcoin is still unclear in the future and what development is unpredictable, it is safer to invest in real assets such as land or gold that have clear price growth, because each year there is a different increase as uncertain bitcoin.
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CoinFoxs
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Campaign Management & Translation Service
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November 21, 2018, 10:46:47 AM |
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Bitcoin is not good for saving purpose because bitcoin is not stable and with every minute passing its price fluctuates which mean your savings are in danger so always choose stable currencies for savings like fiat/dollar. Dollar fluctuates but not that much fast as bitcoin so dollar is the best option for savings.
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Jateng
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November 21, 2018, 11:10:18 AM |
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For me it is a good idea to save money for our family / our kids (if we already have any) since it is for the wellness of our future. It is good that we are already saving money but saving bitcoin is different from saving a normal money. We all know that its price is not fix. It can go up or down / increase or decrease our savings. We must know how to handle that thing.
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Yamachan
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November 21, 2018, 11:20:23 AM |
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I think yes.
One reason is I thing basically BTC is going to get expensive in decades order.
Not only that, by using a data in the net instead of physical cash, our kids can consider about the basic concepts behind the money. You may say today money are data in the banks, even though their thought would be like "$100 in my bank is conversion of this $100 bucks"
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sheenaedago
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November 21, 2018, 11:26:04 AM |
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no, because bitcoin is still unclear in the future and what development is unpredictable, it is safer to invest in real assets such as land or gold that have clear price growth, because each year there is a different increase as uncertain bitcoin.
I think it is not assurable for the future because this asset has not shown any aspect of living continually. Even if bitcoin has a great strategy we could not verify it well due of its fluctuant prices. But I am hopeful it will be acknowledgeable for future, and it may be consistent growing. |
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taliwang
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November 21, 2018, 11:59:49 AM |
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bitcoin has a price movement up and down every year, when you want to grow the assets you have by utilizing the rising and falling price movements of bitcoin then investing in bitcoin is the right choice and you can take advantage of bitcoin price movements and will make you rich so your child's future is guaranteed.
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