DoublerHunter
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January 28, 2022, 09:52:49 PM |
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It's beautiful and romantic, but also smart and interesting in general! I hope I will live to see the moment when you fix this investment at some level and we will all see the result of the "experiment" with pleasure. I also similarly invested about $300 in 2018 when my only son was born. I hope he, too, will appreciate my initiative years later and rejoice at the "initial capital" that I am preparing for him! Wish you luck!
The investment for the other child was a special one.I had invested of 400$ for my brother daughter in 2017.The price had raised some little value . So I had withdrew every pump with some dollars. I had used the profit for myy brother daughter. After 2020, the price had raised a lot. Even now I had earned huge amount of profit.Till now I had not withdrew the funds. ^ I believe in the future the price of BTC will grow and folded so many times as I expected and I think investing now is not regrettable in the future. How many people now regret that they are selling their assets way back years. And now seeing the market grow up rapidly they started searching where those private keys were kept. If OP invested $100 now, it is possible it becomes multiple times in the future and if you do not withdraw yours, you still have a profit in the next following years. The more BTC adopted the more price went up.
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Shasha80
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January 28, 2022, 10:16:28 PM |
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It's beautiful and romantic, but also smart and interesting in general! I hope I will live to see the moment when you fix this investment at some level and we will all see the result of the "experiment" with pleasure. I also similarly invested about $300 in 2018 when my only son was born. I hope he, too, will appreciate my initiative years later and rejoice at the "initial capital" that I am preparing for him! Wish you luck!
The investment for the other child was a special one.I had invested of 400$ for my brother daughter in 2017.The price had raised some little value . So I had withdrew every pump with some dollars. I had used the profit for myy brother daughter. After 2020, the price had raised a lot. Even now I had earned huge amount of profit.Till now I had not withdrew the funds. ^ I believe in the future the price of BTC will grow and folded so many times as I expected and I think investing now is not regrettable in the future. How many people now regret that they are selling their assets way back years. And now seeing the market grow up rapidly they started searching where those private keys were kept. If OP invested $100 now, it is possible it becomes multiple times in the future and if you do not withdraw yours, you still have a profit in the next following years. The more BTC adopted the more price went up. We must be able to profit from the rising Bitcoin price, lest we be among those who regret not getting profit from Bitcoin. Sometimes we invest in Bitcoin not only for our own benefit, we can also give the profit to help others. Especially helping our own families, like the OP bought Bitcoin for investment for 18 years and it was a very good decision. If we look at the history of the movement of Bitcoin, the price of Bitcoin has indeed experienced a very drastic increase over the past 12 years. So if the investment in Bitcoin is now $100, maybe in the next 18 years the profit generated can go up very high. This means that helping our own families does not have to be by giving large amounts of money, we can help with small amounts. But if we give the money in Bitcoin, it will be worth a lot in the future. There is no doubt that Bitcoin can make human life much better.
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nurilham
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January 28, 2022, 11:17:46 PM |
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Everything can happen with Bitcoin, such as a desired price increase. Moreover we know that the price of Bitcoin is increasing from year to year and this is what makes it even more certain that Bitcoin will get a high value in the future. if that happens then the assets stored for your nephew will turn out to be bigger but indeed have to be more patient to wait for it for years. That's a great idea where people usually tend to give things away but you prefer to give Bitcoins that are valuable and useful. I also hope that in the future the price of Bitcoin can be higher as expected.
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Luqman
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 28, 2022, 11:40:18 PM |
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we know that the price of Bitcoin is increasing from year to year and this is what makes it even more certain that Bitcoin will get a high value in the future.
No, you're wrong. Bitcoin is increasing from the first halving to the last halving, but not from one year to another year. Please check the Bitcoin price history in coinmarketcap or coingecko. By the way, I agree if Bitcoin price is already increasing very far, but it doesn't guarantee the price will be higher than the current ATH in the future. So, in my opinion, to expect Bitcoin to have a high price is no problem but don't rely your future with Bitcoin price.
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KaliLinux
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January 29, 2022, 07:19:36 AM |
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we know that the price of Bitcoin is increasing from year to year and this is what makes it even more certain that Bitcoin will get a high value in the future.
No, you're wrong. Bitcoin is increasing from the first halving to the last halving, but not from one year to another year. Please check the Bitcoin price history in coinmarketcap or coingecko. By the way, I agree if Bitcoin price is already increasing very far, but it doesn't guarantee the price will be higher than the current ATH in the future. So, in my opinion, to expect Bitcoin to have a high price is no problem but don't rely your future with Bitcoin price. I believe I understand what he was trying to explain there. Yes, we understand that Bitcoins price might be lower in some years during a full Bear season but overall as per what OP is basing his assumption of Investment on, In 18 years, you cannot say that Bitcoins price will be lower than this last ATH of $69k which I am sure @nurilham is referring to by his statement of the "price of Bitcoin is increasing from year to year" which I also agree that by that time, 18 years from now, the OPs $100 Bitcoin investment will certainly be way higher than its value now.
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Anonylz
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January 29, 2022, 07:48:24 AM |
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Good gesture, it is good to know you care so much about your nephew and his upbringing, $100 btc is not small if we can estimate in 10 to 18 years time at what price btc will be trading at, there is a high possibility btc price is very high and your $100 investment increases a lot too, on the other hand, it can be the opposite, the more reason why you shouldn't rely only on your little investment for his studies, Your brother needs to be more responsible now that he has a family to care for, find a way of earning more to support your nephews education when the time comes, I hope btc worth more in future so your gift can be more valuable.
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maju69
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January 29, 2022, 12:09:11 PM |
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First of all I would like to congratulate you on the birth of your nephew. 18 years is not a short time, and I think you have done the best for your nephew by investing $100. Surely it will be good for the future. We know it is not easy to invest in that period. But here you have given full rights to bitcoin to your nephew. So it can motivate more for you not to take it and even sell it.
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Mauser
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January 29, 2022, 12:56:34 PM |
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What do you think, guys? Will this amount be enough for his better study costs? Though if they keep it for 10 years, at least that's enough for me. What do you think, guys? What will be the price of this $100 after 18 years? I bought bitcoin at an average price of $35,546,.
I think its a great idea. In my country banks offer similar products where you invest today and they guarantee a payout for the 18th birthday of the child. The problem is that the interest offered is very small, it's usually much better to invest the money yourself and give it as a present later. In the end it's like giving a loan to the bank for 18 years, but who knows if the bank will be around in the future. I really like your approach, you made your nephew a HODL investor for the next 18 years ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) that should be a nice return for him then. And this will also make him interested in crypto currencies and learn something about them if he already owns some.
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ice18
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January 29, 2022, 01:35:04 PM |
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Not bad, 18 years holding a bitcoin is really worth it, thats a long term goal and a lot can happen to bitcoin network and its adoption, the impossible price predictions today maybe achieve at this year like $1m - $10m, who knows. Goodluck OP, update us after 18 years ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) .
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pawanjain
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January 29, 2022, 01:38:37 PM |
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Honestly speaking $100 would still not be sufficient for education by then. 18 years is a long time and just imagine what would be the education cost by then. Even if we consider that bitcoin goes 100x from now which is itself a big deal according to me, it would still give out only $10,000. Do you really think $10k would be really sufficient for education after 18 years ? May be in a mid level college then yes but otherwise a big no.
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Hypnosis00
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January 29, 2022, 02:51:49 PM |
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You have that good intention mate. Preparation is really important as we never know what gonna happen to us. But if you have a huge amount and enough to run for a small business, that is much better than just holding your money. That I guess it was more helpful and even profitable, and you can't just feed your nephew alone but also the others. Honestly speaking $100 would still not be sufficient for education by then. 18 years is a long time and just imagine what would be the education cost by then. Even if we consider that bitcoin goes 100x from now which is itself a big deal according to me, it would still give out only $10,000. Do you really think $10k would be really sufficient for education after 18 years ? May be in a mid level college then yes but otherwise a big no.
With the market inflation, 18 years from now that $100 will become $10, I think. Maybe if we invest in crypto that possibly doubles the amount but still it was too small to consider for long-term investment. Maybe, if OP could add more at least $100 per year, that is already satisfying.
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BITCOIN4X
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January 29, 2022, 03:33:32 PM |
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What do you think, guys? Will this amount be enough for his better study costs? Though if they keep it for 10 years, at least that's enough for me. What do you think, guys? What will be the price of this $100 after 18 years? I bought bitcoin at an average price of $35,546,. OP, do you believe that bitcoin will be worth $2 million or higher in the next 18 years? If not, think of it as a small gift for your new family member that he or she can use to make ends meet. I don't think the 0.0028 btc you invest right now can finance your nephew's education after he turns 18, that's an insecure thing because we never know what changes will happen to bitcoin in the future or at least during that period. The price of bitcoin is very volatile, although we have found the fact that ATH is always possible but you can't expect such a small investment at this time. Teach him about bitcoin, trading and also investing. If your brother manages to gain enough knowledge, he will be able to turn your $100 into hundreds of thousands in 18 years. Look, life is full of uncertainty because maybe he will be rich with $100 but in theory it will be very difficult if your brother is not able to take advantage of his opportunities.
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Wexnident
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January 29, 2022, 03:45:10 PM |
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Great job from OP. $100 might be small now but who knows, 18 years is a long time and a lot could happen in the market during that time. I'd suggest investing at least monthly, or yearly if montly isn't possible though, just so that you wouldn't need to rely that much on that sole $100 to bring you profits you'd use for your nephew's growth. You're investing in the long term after all, might as well maximize the investment that you'd do if you can handle it. Honestly doubt it'd be enough, increments of Bitcoin has been decreasing with every new peak after all.
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bitzizzix
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January 29, 2022, 04:01:13 PM |
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If you have great faith in bitcoin, I think nothing is impossible for bitcoin and the most important thing is strong patience because there will be so many trials along the way to reach your goal. You have good intentions to invest $100 over 18 years in bitcoin and for your nephew when he grows up it sounds like you have been observing or predicting the development of bitcoin and if you look at its track record I think its development will be correct. continues and prices will continue to rise. and there is a possibility that your investment capital of $100 in the future will be $2,000 and if it continues $2,000 will become $10,000.
and the question is whether you will go according to plan, because most people will be tempted when they make a big profit and sell it that doesn't go according to plan.
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Cling18
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January 29, 2022, 04:43:42 PM |
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Your nephew is too lucky that he has someone who is thinking about his future. $100 is already a huge amount but no one could really know the possible price of Bitcoin or the market situation after 18 years but that's a great start. Bitcoin is actually good for a long-term hold. Lots of things could happen but your early preparation for your nephew will surely have a huge impact in the future.
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buwaytress
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January 29, 2022, 06:22:45 PM |
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Nice news, I feel like I recognise your nick from somewhere, well done at any rate.
Just a piece of advice, among everything else that you've received already! I tested with two children circa 2017/18 to give them their own Bitcoin with private keys and instructions. I posted about it somewhere on the forum that last year, checking back with them, one has lost completely the keys, another has it but doesn't quite remember how to use it (but the latter case is solved easily with internet). It was not the outcome I expected, as I thought the elder one was more responsible, and more technically at ease.
Thankfully, not a big amount, what I do store for them I keep custody of and the lesson is hopefully learnt by the elder one. I do ask them to check the wallet I set up for them to see how it grows. It definitely makes for excited eyes.
You might want to teach the same lesson, and let them see for themselves.
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Kakmakr
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January 29, 2022, 06:31:53 PM |
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I think the $100 investment in Bitcoin is good as a "high risk" investment, but something can go wrong and then he has nothing to study with. I will rather invest in his Dad, because his Dad needs the boost now. Give him another opportunity to do short courses on the Internet to equip himself to acquire new skills to get a higher salary. (Then he can fund his own child's studies) Option 2 : Teach your Brother about Bitcoin and introduce him to this forum... if he qualifies for a good signature campaign, he can get between $10 to $50 extra every week doing that ...and he can save that for his child's future.
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_BlackStar
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January 29, 2022, 07:06:24 PM |
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Option 2 : Teach your Brother about Bitcoin and introduce him to this forum... if he qualifies for a good signature campaign, he can get between $10 to $50 extra every week doing that ...and he can save that for his child's future. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) That's a reasonable choice so far. A $100 investment isn't really capable of providing a decent return if the bitcoin price doesn't rise beyond 1 million. The OP could introduce him to this forum, that's another option he can do in his spare time. There are many ways to earn bitcoins on forums other than signature campaigns or bounty, I think if he has painting skills or someone who can make art then he can enter contests for some of the current campaign. But I think the OP knows more other options at this point how his investment can pay off.
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PX-Z
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January 29, 2022, 07:29:11 PM |
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A $100 investment isn't really capable of providing a decent return if the bitcoin price doesn't rise beyond 1 million.
This is how people thinking when they started bitcoin and then coming back mostly when they nearly or probably forget about it investing way back years ago at least 6 years. Thinking bitcoin will increase for the next 5 years, a $100 will probably doubled in that time pan. Well, I could be wrong since this is typically a speculation but who knows, if there's nothing wrong happen in the future bitcoin is probably working like that, increasing only.
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Fatunad
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January 29, 2022, 07:59:14 PM |
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A $100 investment isn't really capable of providing a decent return if the bitcoin price doesn't rise beyond 1 million.
This is how people thinking when they started bitcoin and then coming back mostly when they nearly or probably forget about it investing way back years ago at least 6 years. Thinking bitcoin will increase for the next 5 years, a $100 will probably doubled in that time pan. Well, I could be wrong since this is typically a speculation but who knows, if there's nothing wrong happen in the future bitcoin is probably working like that, increasing only. Nothing is assured that everything would increase and that you should really put up into your mind so that you wouldnt really be expecting that much because not everytime we would really be hoping into something would really happen in the future.Yes, bitcoin does have potential but it wouldnt really be giving out any assurances that it would really be heading there.Invest on what you can afford to lose and then its better to have that fiat savings if you are really minding about your new born son and on the future that he/she could possibly benefit out with those savings you had made. It would be better if you do save up on both fiat and crypto which would really be ideal.
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