Get Bitcoin Holdings for your child from infant.

[Issa56]

If you are planning to advice anyone to invest in bitcoin for their kids, then you should properly teach the person about cryptocurrency, how to properly store your bitcoin and properly secure your wallet address. Trying to hold bitcoin for your kids will be a long term investment, so if the wallet address is not properly secured then you might endup losing your bitcoin.
Someone that's always selling after their is little increase in bitcoin price, can the person hold for their children? I think if you can't hold for yourself, then you cant hold for your kids, I believe if their is little pump in bitcoin price then the person will still definitely sell and will want to wait for buy back when the price reduce again.
I think anybody that can hold, it's a good idea to have a bitcoin for our kids, am not married yet but am still having plans for my children already, the bitcoin am holding currently, am planning to keep it for my children.

[1715155308]

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[davis196]

What is your opinion on my suggestion, is it a guarantee for the child's future and will  enable you to benefit from Bitcoin ?

Nobody knows what will happen after 18 years. Bitcoin might be close to 500K or it might be close to 5K USD.
Having a long term investment plan in times like these is difficult. Really high inflation, which will most likely continue in 2023. Potential recession, which might decrease the prices of all financial assets, including Bitcoin.
Bitcoin so far simply isn't working as an inflation-protection asset. Maybe it will, maybe it won't.
Saving money for your children seems like boomer mentality to me. There's nothing wrong with the whole idea, but the times have changed.
I believe that saving money is profitable only, if the interest rates(or asset price growth) that you are getting are higher than the inflation.

[laurenB7742]

Someone that's always selling after their is little increase in bitcoin price, can the person hold for their children? I think if you can't hold for yourself, then you cant hold for your kids, I believe if their is little pump in bitcoin price then the person will still definitely sell and will want to wait for buy back when the price reduce again.

Not really, if it's your money, you can spend it comfortably, without thinking, but if it's your children's money, you will have to think a lot to make a decision. I have a baby and you know, birthday money or money that my wife and I save for her and we almost never touch it no matter how much we need the money, as we think doing so will form a bad habit and we cannot guarantee that we will be able to refund our child. I would rather borrow money than never use the money I gave my son, remember that is his future, he needs that money as much as we do.

[Iroh]

It’s always safe to invest in a child’s future from an early start and it’s never a bad idea to have an account that money would be regularly deposited into for the kids future.

But if an individual is impatient with his long term investments and doesn’t have the urge and patience to invest in the long run, what’s the possibility of the parent holding onto bitcoin for the long run even if it’s for his kid?

[Charles-Tim]

Nobody knows what will happen after 18 years. Bitcoin might be close to 500K or it might be close to 5K USD.
Having a long term investment plan in times like these is difficult. Really high inflation, which will most likely continue in 2023. Potential recession, which might decrease the prices of all financial assets, including Bitcoin.
Bitcoin so far simply isn't working as an inflation-protection asset.

Do not be deceived by short time speculations, check the history. If you want to save for your kid until he or she is 18 years, as long as you have it in bitcoin, it is good. 100 years can be long to predict, but 18 years is not long to determine what bitcoin would mean to the world as the adoption is great so far. I do not expect bitcoin to ever reach $10000 again, not to talk of $5, but expecting $500000 or more in the next 18 years is more likely to happen.

[Lucius]

I will say only one thing, "don't put all your eggs in one basket", and that way you will reduce the risks arising from long-term investment. I will not tell anyone what to invest in, but be smart and try to understand that no one knows what will happen next year, let alone in 20 years. It's not just about the price of Bitcoin, but also the way in which you will store it to be safe - because it is very easy to lose everything that you have saved in this way for years if you happen to be hacked, or if you somehow lose your backup.

Being your own bank is really a big challenge and responsibility, and those who don't understand how important it is are not ready to invest in Bitcoin.

[Frankolala]

Wow this idea is superb I have never thought of it, my daughter's birthday celebration I save the money she gets or I give to her in the bank which the bank uses this money to trade without adding good interest rate.  I will buy her Bitcoin Holdings in his next birthday and I will use all the fiat money  she has in her account to purchase his holdings so that as he grows his Bitcoin Holdings will also grow with her.

I will tell my wife and a let her know about the phrase seed of the wallet and password. Why? If I die before he grown my wife can hand it over to her so that the coins will not be lost. It is a safer way to secure her savings in Bitcoin for a Lond term run.

[lovesmayfamilis]

Your idea is not new. I have already met people with similar ideas on the forum, and even people who follow your idea. During my youth, my parents put some money in the bank as regularly as they could. After some time, a good amount has accumulated. Now that it is possible to keep savings in bitcoins, those who are familiar with the subject understand that investments should be made for a fairly decent period of time. And at the same time, fears that in the time it takes for children to grow up, a lot can change should be taken as a fact that surprises can happen at any time. The aphorism "Nothing is more permanent than temporary" will always be relevant.

[buwaytress]

I will say only one thing, "don't put all your eggs in one basket", and that way you will reduce the risks arising from long-term investment. I will not tell anyone what to invest in, but be smart and try to understand that no one knows what will happen next year, let alone in 20 years. It's not just about the price of Bitcoin, but also the way in which you will store it to be safe - because it is very easy to lose everything that you have saved in this way for years if you happen to be hacked, or if you somehow lose your backup.

Being your own bank is really a big challenge and responsibility, and those who don't understand how important it is are not ready to invest in Bitcoin.

Came in to say this. I know at least one Bitcoiner's who's gone all in, but he's also forced his family and 3 kids to already live a very alternative lifestyle with home schooling. Respect to anyone who wants to do their own thing, but there are no guarantees, not for fiat guaranteed by the government, not for welfare enshrined by whichever constitution, certainly not for Bitcoin.

And as Lucius said, it's not just about the value of your investment but about the safety, security, and ability for inheritance.

I mentioned in forum personally, given 2 kids their own Bitcoin some years back (I hold the rest for everyone, wary of a time when I must find a way for them to enjoy it in my passing). The older, more responsible one, actually lost his privkeys. An experiment I expected him to pass.

Sovereign money, independence, these all sound great, but the responsibility, the challenge, people probably don't realise the magnitude of that shift of mindset.

[Zlantann]

This your write-up is very big you would have cut it shorter so that the readers will understand exactly what you're saying writing it's so big like this to make some people not understand what you are saying exactly so I believe that you have to learn how to do all this thing's so that he will not the writing something that is not understandable to people the

Some people might not be very good at organizing words to make readers comprehend their points easily. But the most time they have some vital information that might help readers. It is now the responsibility of readers to be patient and carefully read what the writer has written to grab the points. You can also seek clarification from the writer in areas that are not clear to you.  

This is certainly a great idea to HODL for long.

I have seen some families open bank accounts for their infant children to save for the future. And these conventional banks cannot be trusted. Bitcoin investment for children would be a very viable alternative because it gives the parents the privileged of controlling the investment.

But my issue is security. Since seed phrases or private keys are to be kept save then only trusted people could have access to it. Now what if an unplanned circumstance happens like death to the seed holders and  no one was given the phrases before they passed on how can this be rectify? What will also happen if the investors country made strong hold against bitcoin before the child comes off age. What will happen to the coin?

In such cases, at least the father and mother should be aware of the seed phrase and when the child is grown up he can also be told where it is safely kept. There would always be a way to do Bitcoin transactions and the benefactor might also consider moving to a neighboring Bitcoin-friendly nation to carry out Bitcoin transactions if it is worth it.

[LogitechMouse]

why don't you buy Bitcoin Holdings for your child from infant and do all his savings in Bitcoin so that by the time the child becomes a teenager,  Bitcoin price might have hit $500k and above. This way you can have a long term holdings in Bitcoin.
What is your opinion on my suggestion, is it a guarantee for the child's future and will  enable you to benefit from Bitcoin ?
 

This will be the ultimate test of my life and possible for others out there who are holding their Bitcoins for a very long time or just like me that is holding Bitcoin for my future child .

Test of patience. Discipline plays a big role on this one if you are planning to do it and TBH, there is nothing wrong with it since just by looking at the charts, the price movement of Bitcoin is only going upwards though it isn't a smooth road and there will be times where it will make a huge correction that might affect you and your whole strategy.

On the other hand, putting all of the savings for him to Bitcoin is not a good strategy for me. I will hold Bitcoin for my child but at the same time, I will hold other assets as well like Stock Market that gives dividends so in that way, it is compounding since it's for the long term.

[cheezcarls]

Inheritance is something we all wanted, especially for Bitcoin. The problem however is on how you secretly keep the seed phrases or private keys for the next generation to figure themselves out, especially in terms of calamities.

Writing them down on a piece of paper or notebook won’t work in the long run, because it can be damaged by fire or water and the ability to access will be gone forever. Engraving them in an aluminum steel would do, but where would you keep it?

Maybe in a safe aluminum steel box with a sign “Don’t open until Day/Month/Year” and giving them some out of the box clues about the passcode that even intruders may find it hard to decipher or so.

Just my opinion only.

[Taskford]

One of good ideas to be have but the question here is can you take all the happenings on bitcoin and can you handle the market stress brought up by bitcoin since we would never know on when the price of bitcoin would reach at ATH and maybe by the time your child reach at the right age the price of bitcoin will dump since there's what we call bearish trend so I guess even though you intend your holding for your child do also a smart move to multiply it since not selling on multiple ATH happen will cost a lot of minus profit to you and him/her.

[8rch7]

The same degree of risk remains for those who keep the seed words, whether it is the key to their savings or the savings of their children. From an investment point of view, there is no problem in preserving the savings for the children in the form of investment assets, but the most important question remains, how do we ensure that our children will get what we saved for them in the event we die before handing them over their private keys.

It's true as you said, the level of risk must exist, because we don't know when we die, how can we give the key to them, have you thought about all that, it's great to invest in our children, so they can enjoy the results that we have invested, but we must be able to find a solution to be able to give the private key to our children, so that our investment is not lost buried with us.

[Fivestar4everMVP]

What is your opinion on my suggestion, is it a guarantee for the child's future and will  enable you to benefit from Bitcoin ?

It's a good suggestion, I will speak for my self personally, in everything I do, I like to be realistic so that I don't end up being disappointed when things do not go the way I thought it or they should go...
The realistic issue here is that, no body knows what the future of bitcoin is like, there is no guarantee anywhere that if you are saving bitcoins for your child, by the time he becomes a teen, the price of bitcoin might or will have reached $500k, we  can only guess the future price of bitcoin, nothing is sure or certain.

So what I am saying in essence is that if anybody wants to save in bitcoin for their child, they should get rid of this mindset of bitcoin is so and so, and they expect it to be so and so in so so year, this is to avoid disappointments, 1 bitcoin wil always be 1 bitcoin, the face that fiat currencies are heavily loosing their purchasing power due to heavy inflation is a enough reason already to keep ones money in bitcoin, get rid of the price mentality, because if you keep calculating the price of bitcoin in USD, you might end up disappointed some day when bitcoin fails to reach a USD price you anticipated.

[taufik123]

-snip-

Precisely it can be called a "Time Capsule" which will be a place for storing seeds are stored safely with stainless steel material that is resistant to water, fire, and corrosion. Regarding the problem of place or storage location, it can be in the land area of ​​​​the house or a place that has been determined.
this will indeed be a very extraordinary crypto legacy. and who will have access to or know where the treasure is only people who are trusted.

"Time Capsule Stainless Steel Waterproof" Especially for storing important documents that can be an option and not afraid that the document will be damaged for years.

[GiftedMAN]

This your write-up is very big you would have cut it shorter so that the readers will understand exactly what you're saying writing it's so big like this to make some people not understand what you are saying exactly so I believe that you have to learn how to do all this thing's so that he will not the writing something that is not understandable to people the

I think your observation is correct but seeing that the OP is a newbie who is trying to express his feelings and share some useful information to the forum even though it's something most users are familiar with here I still encourage him or her to work hard and do more. Most users may find it difficult to read all the Op has written but going through the first line of his write up I understand  the message which he is trying to pass which is buying Bitcoin for an infant and Holding till the child is grown up.
All I can say to the op is this, buy and Holdl bitcoin is never going to be down forever.

[Lucius]

Came in to say this. I know at least one Bitcoiner's who's gone all in, but he's also forced his family and 3 kids to already live a very alternative lifestyle with home schooling.

I assume you mean Didi Taihuttu and his family who sold everything they had and invested in Bitcoin and as far as we can see it paid off for them. I think that his children are much happier than most others and that they will gain a lot of experience traveling around the world and that they did not lose much by not going to regular school. For some it seems a bit extreme, but everyone should follow what makes them happy, and in this case also very profitable.

I mentioned in forum personally, given 2 kids their own Bitcoin some years back (I hold the rest for everyone, wary of a time when I must find a way for them to enjoy it in my passing). The older, more responsible one, actually lost his privkeys. An experiment I expected him to pass.

It's nothing strange, young people lose their things so easily that it's incomprehensible to me, and here I'm primarily thinking of mobile phones and wallets - although private keys should be something that's not so easy to lose if stored in a safe place. I hope you didn't pay dearly for that experiment, but at least now you know that your BTC are still the safest in your possession.

[Issa56]

Not really, if it's your money, you can spend it comfortably, without thinking, but if it's your children's money, you will have to think a lot to make a decision.

Am not saying the person will spend the money, you might be able to hold, but I believe some people wont be able to hold, if you are saving fiat currency for your children, then most people can just overlook it because the amount you have saved won't increase, but when it's bitcon, let's say the savings have don like 2x, the person might just decide to sell and wait for correction so that they will enter again. They will believe immediately their is a correction, they can buy back and they will be able to accumulate more bitcoin.

[qwertyup23]

<snip>
What is your opinion on my suggestion, is it a guarantee for the child's future and will  enable you to benefit from Bitcoin ?
 

The suggestion you made not only applies to BTC but in investing in general. If you save capital in a monthly/yearly basis, the returns would be profitable in the following years given that it is unrecognized income. Though I agree with your suggestion, it must be considered in case-to-case basis given that the value of BTC is very inflationary and volatile.

In adherence to my above-mentioned statement, you should always convert your BTC into cash or to your desired currency if it reaches an amount higher than your initial investment. One thing that I learned over the years is that the price of BTC fluctuates and when you get too greedy, you might missed on the opportunity of converting your BTCs at its ATH to your desired currency.