As a form of investment, many are buying cryptocurrency in smaller quantities and saving for their kids in the future. With the continuous rising and falling of the currency and the volatility of the market, how do we know the coins to buy and save for future use or is it a waste of money.
Need your thoughts on this tho'...
As you have mentioned, cryptocurrency is volatile. It's really uncertain if the coins we hold today are still of value in the future. Remember, bitcoin is a speculative asset. However, if you really want so bad to have crypto as your investment for your children, then you should take a look at the chart, read some articles, and study the coins fundamentals and history. That way, you can smart guess what would be the status and potential of the coin you are thinking of investing in.
In addition, I suggest you add another investment vehicle for your kids and not just rely on crypto. It's still better to diversify than store all your funds in one asset. You can put it in other investment vehicle that you trust to work and earn for the long term. There are many other investments that are safe and could generate nice interests after a span of time.
