Its Bitcoin a good way to save money for our kids?

[aponrahim]

For my kids, buying Bitcoin seems to be important. Because if you buy now it will be much better in the future. If you do this for them, the price of bitcoin will increase a lot. And they can benefit from selling Bitcoin at a higher price. And it will be beneficial for them to come. As a parent, it will be good for them.

[aliceHortrex]

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 that bitcoin is not the best way to raise money for children in the future. Yes, of course bitcoin has a huge potential for growth and development, but there is also a huge potential that it can simply become worthless or it can simply be stolen by scammers or hackers. How do you explain to your children that money for their education was stolen by some guy from the Internet?

[kudil]

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.

That's a risk in cryptocurrency worlds, if he's only buy Bitcoin to save his money for the future of his son, I think it's not good choice. But if it is for the investment of the life of his son in the future, it's a good plan mate!

I told him to re-load some BTC up to lower the average.
If you have any suggestions about this please share

Ask your friend, why he need Bitcoin? If only for save his money, change into FIAT as soon as possible, because he must be ready to accept cryptocurrency market conditions or try to trade his bitcoin.

Its BTC a good way to save money for our kids?
Will this pay them a car? the university? a house? nothing at all?

For save? I think no. But for investment, I think maybe he can buy a lambo in the future!

[teejayrichard2]

yes bitcoin is a good and nice way to save money for our kids. Imagine those who bought bitcoins for their kids when the price was still very low, sure those kids are worth alot now with the current price of bitcoin. Buy bitcoin for your kids today and they will be glad you did in years to come

[Sadlife]

Bitcoin can be considered as an asset because it holds real value in the real world and you can liquidate your digital asset. So investing in it is a good choice especially with its volatility if your timing is perfect when you bought bitcoins in its lowest especially now in a bearish market. You could gain tremendous profits.

[Wayan_Pedjeng]

I am not sure whether Bitcoin is useful for extremely long-term investment. Because it is a digital asset and similar to other assets of that category there is always a chance that some competitor will replace it in the near future.

[yvesp110]

Basically what everyone else has said. It's your choice, nobody knows where btc is going. As always, only risk what you can afford to lose.

Bitcoin is unpredictable no one knows what will happen in bitcoin in the future, invest only the money afford to lose, cause bitcoin always have risk.

No mate just be patient pumping and dumping is a nature of crypto currency and we need to not lose our hope very easily because i know that one day we will see the bitcoin price in moon and i think it is very good time for us to buy bitcoin is low price.

[thankyoulord]

bitcoin though has so much potential is risky. You could buy bitcoin for your kids and before they mature the price has already gone up excessively or the price could go down.Either way its a risk but i must say its a risk worth taking

[Bonsaiav]

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.

If we are mature and ready for the various risks, we should not see the growth of bitcoin prices now, but look at the growth that will occur in the next few years, say in the next two years, maybe at that time the bitcoin price will grow to 400 -500%.

Its BTC a good way to save money for our kids?
Will this pay them a car? the university? a house? nothing at all?

Of course, the point is you / I/we must be enthusiastic, optimistic and sure, that the price of bitcoin will not go down forever, he will surely rise and grow beyond what we expected before.

[emmybd]

I think it is one of the best way to save money for our kids, as in ten years time bitcoin price may touch $500k then your kids will be rich. So, holding some bitcoin for long-term would be a good idea.

[Lorin]

Bitcoin can be a way to save money for kids. Its a good investment for a long term. Maybe for next years it will cost high price. Nothing is impossible if you truly believe , if you look at the bitcoin today  its on downfall but dont focus on whats happening instead on the future because we know that bitcoin is volatile. It can rise again on the right time.

[Schirer]

 I have been wondering for a while now that it would be so cool to hand over kid a wallet with BTC and it could be only opened after some years like 5, this would be a great gift and possibly very valuable also.

[arfoxx869]

Real talk, getting cryptocurrency is a huge risk. So ask your self first, are you willing to risk that money for your kids?

[timotron]

After reading all the replies, I have enjoyed to view it from other perspectives,

I have seen a lot of people who don't like the idea.

 I invite you to tell us more about your alternatives here  If BTC is not the best way to save money, What you think is the best?

[Nasonn]

It's not a good way to save money for your kids. I'm certain no financial advisor will advice you to save money for your kids in a digital currency that it's existence isn't regulated by law.

[yulchatar]

I, like your friend, do the same. I invest in bitcoin to provide for my children in the future. And I'm sure that I will succeed. In any case, now you shouldn’t do anything, just hold. We must not repeat failure that guy with pizza.

[jack1111]

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?

Putting a part of your saving in Bitcoin is absolutely good idea, because it is deflationary asset which might reach unimaginable value in the future. So putting a small part will not hurt and could bring huge profit. The Crypto sentiment now is pessimistic after the recent crash in the market, but it will easily turn optimistic when we are in a bull market. Try to post the same thread by then, and everyone will tell you you are right.

[Sobocirevo]

I think if they save Bitcoin for their children then that would be a good choice. As in the future, I believe Bitcoin prices will rise sharply and the amount of Bitcoin reserves will be a great gift for their children.

Good opinion, but if I suggest don't invest everything in bitcoin. Enough half is stored in the form of bitcoin, the rest is kept in the bank or buys property or gold. If the price of bitcoin continues to fall, financing for the future of children is not disrupted.

[Captain Sneeze]

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 it is. As a parent of course you only want the best for you child and basically bitcoin can give benefits that may help you and the future of your child. It is the easiest way to earn money and yes someday they can use it to pay their tuition fee. But you need to take risk so you are able to gain those benefits and I know that its totally worth it especially its for your love ones.

[kucritt]

i think its not good if you want to save your bitcoin for a very long time, if you save bitcoin more than 10 years, i thinik you can try the alternative, like the property and anything else