Get Bitcoin Holdings for your child from infant.

[justdimin]

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.

I agree that you shouldn't spend your child’s money. I remember as a kid my family had a lot of troubled periods in our life, and it was understandable that they had to use what I saved aside, and I am not angry about it because they had to raise me somehow and there was a lot of money problems at the same time. But that did left me with the idea that "what’s the point of saving, it will all be gone one day when everything goes bad" and left a pessimistic idea in my mind.

So, I kept on spending it and not invest in anything. Even after I found out about bitcoin, I didn't save for many years, only years later I realized saving and investing into it would be a good idea.

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[dezoel]

Not totally the same . but some of us has this nowadays , Like me ? i am holding small amount of Bitcoin for my Son college studies , since he is still 6 years from turning into colleges so i still have plenty of years to keep it for Him.

I am buying small amount each week to keep in His wallet(that My wife keeps on hold) so in time of Him? there will be enough funds to cover His expenses .

It can be different in some way like some use a bank and a fiat money instead of bitcoins. That's because they are not aware of btc. Some heard of it already but they are unsure of its future. In short they have more trust in fiat and banking. Oh well that is their decision and we are out of it already. I think what's important for now is that they care for the future of their child more than themselves. That is still commendable.

For us who are here in cryptos, we know the potential of btc so we use this as a medium instead. In your case, 6 years of stacking could go a long way. Not only you can have more coins during that time but the value of btc can now over be $300k or more. That will be awesome.

[kryptqnick]

If there's a tradition in a country to gather some money for one's child throughout the child's life, then sure, why not try it in Bitcoin. But not everyone has kids. Some already have grown-up kids, and some will not have kids for years to come, some are just child-free or don't have a partner to have kids with. Also, some might have kids but want Bitcoin investment for themselves, which is also understandable. So while putting away a small amount regularly and hodling for a long time is good, maybe there's no need to tie it to children 

[buwaytress]

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.

The one and only! Spoke to him for work shortly after 2017 ATH and didn't imagine he'd go on to be the guy he did (a lot of non Bitcoin things, as it turned out) probably only got the opportunity because I was in the country he came from. It did pay off for them it seemed, even before this new ATH -- and I will agree his kids won't lose much from regular school (but Dutch education is in many ways better than what I got and I think they will miss out on some social things).

I suppose it wasn't so much extreme to me (and not to them, since Didi was brought up the same way) but just the choices you make for your family perhaps restricts options for them. Not everyone everywhere would have the same access or means like them, or would prefer it.

Fairplay to them, I think theirs is a great story and long may it be so.

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.
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I didn't. It was the only way to truly see if they could take that responsibility that comes with Bitcoin, so it was worth the lesson learnt. The only time the kid's come close to self initiative in taking more interest was when NFTs came along... so I guess I'm the holder for a long time to come...

[Dunamisx]

I agree with the use of bitcoin as an investment asset for our children to enjoy whenever they have grown up to make a discovery of such an ever increasing inheritance left for them, the mistakes our parents do was that they majors their investment on liabilities which they thought will be the best unknowingly to them it will rather turn to away from the main objective it meant to create, there was no bitcoin as at their time in those days and now bitcoin has created this opportunity in diverse ways to invest on a profitable asset over a long time.

[jackyw547]

But now drop to 16,600 already

[salad daging]

Every investment is good especially with a long time and we plan this for our children to adulthood for the needs that will be needed later, obviously this is not a bad idea when there are suggestions to invest in bitcoin for our children in the future we will still not be able to keep promises That's because what we know is that prices fluctuate, it takes strong patience for decades to achieve the goal so that we can generate more from the bitcoin investment.

I certainly have planned something about my child's future along with what it invested in, at this time we chose gold for it and I know gold will not provide big profits like bitcoin but I need it to maintain price stability so that when it is needed for my child later no drastic decline.

About investing in bitcoin, it's enough for me to do it and this has been done for a long time with the DCA strategy, so I think this is the same, it's just not related to my son's inheritance, but when I am able to hold on to bitcoin until my child grows up then he will too feel the benefits of what I invested in the bitcoin.

[Rengga Jati]

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 may be a good idea, but for this, this doesn't mean to be a guarantee 100%, there is no always guarantee for investment, always has some risks. But, as long as we are investing in Bitcoin, this is worthier than altcoins. Hopefully, Bitcoin will last longer forever so that our children are able to enjoy the results.

Me, I am also doing so, making some investments in Bitcoin for my children since they were babies. But, I am not doing the investment in the very long-term period. I am just doing the investment in Bitcoin until the next bullish, taking profits, saving the money, using them to buy Bitcoin again in the bearish era, and holding them again to head the Bullish era. And so on.

[laurenB7742]

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.

In that case, I wouldn't call the savings you're speculating. Once you've determined it's a long-term savings for your child and can say it's calculated in years, even 10 years or more, sell when bitcoin is high and buy back when bitcoin is down, that should not be done although we may have a chance to fill those savings faster. It's like you don't allocate between the amount to invest and the amount to spend daily. To be more precise, long-term bitcoin holding for our children is like we are implementing a DCA strategy.

[Sebas.tian]

I guess this is a strategy for someone who wants to invest on Bitcoin for a long term but is scared of waiting  for too long.

Yes, this strategy will help some people to build a solid foundation for their families, if they can embrace the risk in this bearish season now and invest in Bitcoin for their future children. I will definitely apply this strategy to my long term investments so that my children will feel the love I have for them is not fake but real by investing in Bitcoin for their future purpose.

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 ?
  

The long term holding can be 8 or 15 years, and by then the price of Bitcoin will be $400,000 or $500,000 which will allow you to have a good plan for your children academy, business and marriage so that they will become responsible people in the community. And your children will never forget this life investment you have for them, and they will definitely value Bitcoin in the rest of their lives.

[taufik123]

The long term holding can be 8 or 15 years, and by then the price of Bitcoin will be $400,000 or $500,000 which will allow you to have a good plan for your children academy, business and marriage so that they will become responsible people in the community. And your children will never forget this life investment you have for them, and they will definitely value Bitcoin in the rest of their lives.

Long-term hold also has to think about how much bitcoin will be held. More would certainly be better so if Bitcoin is able to penetrate the price of $ 400,000 or $ 500,000 our children and grandchildren will be holders who have good finances.

and several withdrawal rules must also be applied so that our children and grandchildren who hold these assets do not use these assets as a means of boosting and creating a wasteful lifestyle.

The withdrawal rules may be written in a will that can be withdrawn in stages. The detention period of 8-15 years is quite a long term.
I don't know what will happen to bitcoin in the future, everyone certainly hopes for the best for bitcoin.

[coupable]

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.

In my opinion, the best thing you can do for your son is to save part of the crypto for them in a separate wallet. Once your son is a little older, try introducing blockchain and crypto to him. And when you make sure that he has become sufficiently proficient, he can enable him with the keys for that wallet or send the savings to him.
I think investing knowledge in the minds of our children is much better than just bequeathing money. It would be meaningless for our children to inherit private keys without knowing how to use them .

[Piesel]

However, even though we can't presumably predict the price of Bitcoin in the next couple of yes to come, we can be certain that Bitcoin price will rise above its present market price so holding Bitcoin for the long term is the best possible option if you are getting to secure the financial future of a child since you will have enough time to wait for that to happen.

Given a 10-year investment plan is cool anyways but not everyone has the patience to wait that long for the investment to appreciate.

[Issa56]

But now drop to 16,600 already

Yes bitcoin already dropped below 16,600, is anything bad in that? If you are even planning to invest in bitcoin, I think this is the right time, Bitcoin is very cheap now, if you are planning to invest for your kid, then I think if you do that now it's really a good idea because bitcoin is down now and in the next few months now we might not see bitcoin at the current price again, so don't keep on waiting and thinking that bitcoin is still going to dump more, if you are waiting for more dip, then you are not really ready to invest.

[Riodarvg]

I agree with the use of bitcoin as an investment asset for our children to enjoy whenever they have grown up to make a discovery of such an ever increasing inheritance left for them, the mistakes our parents do was that they majors their investment on liabilities which they thought will be the best unknowingly to them it will rather turn to away from the main objective it meant to create, there was no bitcoin as at their time in those days and now bitcoin has created this opportunity in diverse ways to invest on a profitable asset over a long time.

Bitcoin investment is indeed the most profitable and recommended in the long run. Investing in bitcoin for your child's future is a great idea, but it's hard to make long-term plans, and it's actually hard to secure long-term holdings. Investing in Bitcoin is also risky. We are easily panicked by market sentiment, and we cannot guarantee that we will not sell it for decades.

[fillippone]

It is a very interesting theme.

I already had a deep dive into this theme: "how to make your coin survive yourself in order to secure your intergenerational wealth".
On the more practical side, I would suggest you two threads of mine:

Gifting satoshis to future generations
Securing Your Seed Phrase with Washers

[Piesel]

It is a very interesting theme.

I already had a deep dive into this theme: "how to make your coin survive yourself in order to secure your intergenerational wealth".
On the more practical side, I would suggest you two threads of mine:

Gifting satoshis to future generations
Securing Your Seed Phrase with Washers

This are great dives @fillippone because it is highly important to make our bitcoin survive ourselves and one of the ways is through saving them on a cold wallet with the private keys securely kept for future reference and in addition, I wonder if we can have some feature on our wallet to enable us to lock our Bitcoin for some time.

That way we wouldn't be tempted to touch the bitcoin saving at whatever point, even of the market become unfavorable we will not have a choice but to wait out the lock time.

I think that is a good way to make our Bitcoin survive yourself in times of unfavorable events that may push us to temper with the asset.

[Yatsan]

Like something that they would acquire in the future? that would be wise but be sure to transfer you assets to your child once they already have awareness and once they are ready for it because there would be a tendency that they would ignore it, if they still don't.

It is a very interesting theme.

I already had a deep dive into this theme: "how to make your coin survive yourself in order to secure your intergenerational wealth".
On the more practical side, I would suggest you two threads of mine:

Gifting satoshis to future generations
Securing Your Seed Phrase with Washers

Those are good threads, I have read it as well before. Well for sure people in this industry are having the same thought of passing this technology across generation due to its potential. Some are even having plans of "ladderized" plan for younger ones. 'coz if you would share it in an instant and at the wrong age they might not pay attention to it so efforts could not go to aaste.

[so98nn]

Looks difficult for that long. But if there comes a tech where child’s biometric are required to open the ledger then it could work out really well. However in this case patents Will have to be patient enough to wait until they are 14-15 so that they could be taught what’s inside the ledger and how only they can open it. May be by that time one should also teach them if they gonna do part time work then start sending some bucks in bitcoin and then open the ledger in their 20’s or 25th something.  Imagine the kind of money they could have by that age and if bitcoins value is more (which will be) then they could end up with settled life.

[Mamun74]

Bitcoin holding short term or long term?I Think it totally depends on you and how much you want to profit from your holding investment. But bitcoin is long term investment coin.My experienced,many people’s are interested to invest bitcoin for long term and many people are benefited by it.