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Author Topic: Get Bitcoin Holdings for your child from infant.  (Read 1061 times)
ethereumhunter
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November 26, 2022, 04:27:12 PM
 #61

It is a good wish to prepare your child's future by investing in bitcoin but many people don't realize it. People tend to try to get rich from investing in bitcoin and maybe after they get rich, they will consider preparing their children's future. That is not wrong because each person must have a plan to prepare everything for their family's future.

I haven't fully prepared for my children's future but I have started saving and saving my money into bitcoin. I've been doing it since a few years ago, even though I always sell bitcoin when the price reaches a new ATH, I always buy more when the price drops like it is now. By preparing our children's future, we hope they can use the bitcoins we have prepared for them well so that their lives will be better than ours.

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November 26, 2022, 04:42:04 PM
 #62

Your points are valid. Every person wants to make some funds for the child's future to raise his child. I am holding bitcoins for my child's future.Of course I bought and held at a much higher price but now the price has come down a lot. I'm not disappointed because I know the price of Bitcoin will definitely go up. I will spend money from here for my child when I need this money to raise my child. I have invested in Bitcoin for the long term and I need Bitcoin price to rise.

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November 27, 2022, 05:08:09 AM
 #63

Getting Bitcoin holdings for your child from the time they are an infant is sound and essential from a financial standpoint.  Especially with fiat's continuing rapid devaluation, you won't be sorry you did.
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January 28, 2023, 10:30:51 PM
Last edit: January 29, 2023, 06:54:12 AM by JoyMarsha
 #64

Saving bitcoin for your children's future is a fantastic concept, but given the volatility of bitcoin, it will be challenging for parents to hold onto their investments over the long term without being driven to sell when the price is falling or rising.

You can't save without using wisdom, thus if you want to use bitcoin to save for your kids' future, you must do it wisely. Suppose you bought bitcoin when it was inexpensive for your children and sold it back when it was expensive (4 years invested plan of the bearish market and the bull run). With that kind of method, you will get to find out that you are making a whole lot of profits while you are still saving bitcoin for your children

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January 29, 2023, 03:19:07 AM
 #65

Saving bitcoin for your children's future is a fantastic concept, but given the volatility of bitcoin, it will be challenging for parents to hold onto their investments over the long term without being driven to sell when the price is falling or rising.

You can't save without using wisdom, thus if you want to use bitcoin to save for your kids' future, you must do it wisely. Suppose you bought bitcoin when it was inexpensive for your children and sold it back when it was expensive (4 years invested plan of the bearish market and the bull run).
Saving bitcoin for the kids is really good and a must for each and everyone who have understood about bitcoin. Each and every parent take responsibility and do investments for their kids. So, investing on bitcoin will assure with the better rewards for their kids than mere earning out of traditional investments.

When it comes to cryptocurrency investment parents need to be careful and observing the market good. Only then they were able to maintain the portfolio. With traditional investments, it is possible to invest and just leave it for the mentioned time period for the return. This means there is risk with cryptocurrency whereas the risk is low with traditional investments.

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January 29, 2023, 03:21:44 AM
 #66

Saving bitcoin for your children's future is a fantastic concept, but given the volatility of bitcoin, it will be challenging for parents to hold onto their investments over the long term without being driven to sell when the price is falling or rising.

You can't save without using wisdom, thus if you want to use bitcoin to save for your kids' future, you must do it wisely. Suppose you bought bitcoin when it was inexpensive for your children and sold it back when it was expensive (4 years invested plan of the bearish market and the bull run).

Saving bitcoins for our children is like a long term investment and once invested for the long term it becomes a lot easier. Saving for the future means that we will not use that money under any circumstances and only use idle money to save. I'm saving my kids in bitcoin myself and I'm not having a problem. I buy bitcoin every time I have lazy money and I'm not too concerned with the price because it's a plan for 15 years later, so short term price checking is pointless. You need to distinguish savings for other emergencies from savings for your child's future.

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January 29, 2023, 03:39:17 AM
 #67

So, investing on bitcoin will assure with the better rewards for their kids than mere earning out of traditional investments.



Saving bitcoins for our children is an interesting idea but is it good or bad is still a question. Bitcoin is not like gold, the future of bitcoin is a question mark and if you are not willing to take the risk then choose gold as a savings asset for your children instead of bitcoin. I don't want to risk my children's future, so I will choose the safe, I will save the gold for them and the bitcoins I will use only for my venture investments.

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January 29, 2023, 05:03:07 AM
 #68

Saving bitcoin for your children's future is a fantastic concept, but given the volatility of bitcoin, it will be challenging for parents to hold onto their investments over the long term without being driven to sell when the price is falling or rising.

You can't save without using wisdom, thus if you want to use bitcoin to save for your kids' future, you must do it wisely. Suppose you bought bitcoin when it was inexpensive for your children and sold it back when it was expensive (4 years invested plan of the bearish market and the bull run).
Being responsible towards the unpredictable future of bitcoin, I agree with you. If parents have the opportunity to make a safer investment, while maintaining its profitability against fiat devaluation, they should go for it, instead of bitcoin investment.

The issue is that most people don't have a large chunk of money to make such investments, so they are left with the alternatives banks give them, like saving and fixed income accounts. In my opinion none of these are alternatives thinking on the future of children, due to their low interest rates, therefore bitcoin is still a very viable option for our money, because there are good chances it will be much more valuable in a decade or so, besides being possible to invest any sum of money anytime, without any barriers.

To set a number, at least 10% of our childrens' savings should be invested in bitcoin, being very conservative.

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January 29, 2023, 05:12:19 AM
 #69

It is in a good point that you would like to help those in the future with the use of bitcoin but I guess anything can happen in the future or in the current timeline today money is really needed to use to sustain daily living if that people barely need those to make survival the purpose of the investment will be gone sooner or later because they need. It is good to have an investment and keep those for many years if you are still able to protect and make sure the wallet is safe so in the future you don't need to worry about your investment.

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Maxre
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January 29, 2023, 06:33:21 AM
 #70

The idea isn't bad lol. Due to our greed and panic, we can't hold Bitcoin properly. But if you store Bitcoin for your child and don't touch it until becoming a teen then would be a good way to hold it. But for ourselves, we can take advantage of the volatility. For example, those who hadn't sold in ATH regret it now. If they sold then they can accumulate double the Bitcoin right now. And of course, some people become Panic those who are selling now. So yea, the idea is good.
Of course I can garee you on this because greed is a thing that makes us very very vulnerable and that is not a good things. I have many regrets in my life because I made some of the biggest mistakes in my life too.
And also other factor that is a panic situation and also very body cannot just become solid in very bad situations.
And also if someone is keeping buying at higher price and for a long term vision he might be panic and might sold. And that's why when you should think that Bitcoin price is low than just buy and that's the thing of business and holding and also other bug whales do this.

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January 29, 2023, 06:35:21 AM
 #71

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.
So many persons will want to invest on Bitcoin for a long term  but they end up find it difficult to have the patience on their investment and wants an instant shoot up of Bitcoin price,in other for them to sell and make profit,they end up been disappointed when it doesn't go as they wanted it since they don't understand the cyclic movement of Bitcoin. They end up procrastinating they will invest and some that have already invested will get fustrated when Bitcoin is in it bear market by selling their bitcoin.
  My suggestion to these set of people is that we should invest on Bitcoin for our children from infantry to teenage. In my country people starts planing for the future of their children from the moment the child is put to bed. Family and well wishers gives money to the child when they come to visit the new born baby to express their happiness for what God has done. Some parents the moment they give birth to a child they open a bank account for the child so that every month from their income they put some fraction of money to the child's account. Some money been given to the child during his birthday celebrations and other ceremonies or visit they always put it into the child's account in other to secure the child's future.
  When this child becomes a teen in high school this money must have accumulated to a reasonable amount which is used to support the child to either further his education,start up a trade or learn a skill. Fiat currency is fast depreciating because of inflation, 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 ?
  Grin
Investing in Bitcoin for your kids is a great way to hold it for the long term. Because we are inevitably affected by market sentiment when we invest by ourselves, it is difficult to guarantee a higher rate of return for long-term holding. Investing in children and accumulating more will be more profitable in the future.
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January 29, 2023, 07:30:15 AM
 #72

There are really people that have short patience and want to earn profit instantly, but comparing it to opening a bank for your infant so that his or her future is secured is good, and I just realized this as I do have a child right now for which I am planning to open a bank. But what I plan is to open her a bank and at the same time I will hold some bitcoin so that I will make half the risk, as we know that we cannot predict the future just to be safe.
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January 29, 2023, 08:53:13 AM
 #73

It is a good wish to prepare your child's future by investing in bitcoin but many people don't realize it. People tend to try to get rich from investing in bitcoin and maybe after they get rich, they will consider preparing their children's future. That is not wrong because each person must have a plan to prepare everything for their family's future.

I haven't fully prepared for my children's future but I have started saving and saving my money into bitcoin. I've been doing it since a few years ago, even though I always sell bitcoin when the price reaches a new ATH, I always buy more when the price drops like it is now. By preparing our children's future, we hope they can use the bitcoins we have prepared for them well so that their lives will be better than ours.

That is a good idea to save as early as possible for your children to try and make their life more easy once they are older. It's true that some people would like to get rich first before saving money for their family. The problem is however that there is no guarantee to become rich. What if we invest all our life and end up making bad trading decisions. In my opinion it's better to include our children in our financial planing and put at least some money away. Already a small amount each month can grow to a decent portfolio over 18 years. The important thing is to spread out our money across multiple projects and not to put all the money into one basket. It's very hard to predict how the world will be in 20 years and what is going to be successful then.
yudi09
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January 29, 2023, 09:20:05 AM
 #74

Diligent key clever, hmat key rich and investing in Bitcoin the key to the future.
The presence of Bitcoin is indeed a rival to banks because of the blockhain system that provides convenience in transactions. Indeed, many people still think that investing with fiat in banks will provide future guarantees for children with the benefit of interest that will be obtained every year. They don't know if investing in Bitcoin can exceed the multiplication of bank interest percentages.
For me, your plan is a good idea.

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January 29, 2023, 09:34:54 AM
 #75

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

Of course this is good advice for parents who want to protect the future of their children, but maybe you have to look at our economic situation too, if you think you don't need to use the gift money because you can afford it, it's a good thing to save it in bitcoin for your child. But yes, people's economic conditions are different, so of course you have to measure them first with their conditions.
I also often see someone using money as a gift for children when they are born or on their birthday, many parents buy it in gold.
But after seeing your suggestion I think it's a pretty good idea.

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January 29, 2023, 09:40:27 AM
 #76

Diligent key clever, hmat key rich and investing in Bitcoin the key to the future.
The presence of Bitcoin is indeed a rival to banks because of the blockhain system that provides convenience in transactions. Indeed, many people still think that investing with fiat in banks will provide future guarantees for children with the benefit of interest that will be obtained every year. They don't know if investing in Bitcoin can exceed the multiplication of bank interest percentages.
For me, your plan is a good idea.


There's nothing wrong with comparing bank rates to bitcoin, but you didn't mention the risk when you put your child's future in an asset fraught with risk and uncertain future. In this case, I would suggest 50% of savings or other assets like gold and 50% of that to bitcoin. If the risk happens, we still have half, maybe gold or savings don't bring the high return, but at least it's safe and stays with us. With bitcoin, you are trading safety for profit, so consider it because it is our children's future.

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January 29, 2023, 09:40:39 AM
 #77

DCA [Dollar Cost Averaging] is great option to save money. I haven't thought about investing for my children's future while the profit I get today is also my responsibility to them. It might be great to have an idea like the OP, investing in their future from the baby, but I guess whatever we do today is for them in the future unless you never save anything for them.

We never know how much money we will need in the future because the world economy is getting more and more chaotic. Money becomes worthless and it continues to lose value, so bitcoin or other investment instruments can also be considered as an effort to save money today for their needs in the future.

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January 29, 2023, 09:54:14 AM
 #78

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.
So many persons will want to invest on Bitcoin for a long term  but they end up find it difficult to have the patience on their investment and wants an instant shoot up of Bitcoin price,in other for them to sell and make profit,they end up been disappointed when it doesn't go as they wanted it since they don't understand the cyclic movement of Bitcoin. They end up procrastinating they will invest and some that have already invested will get fustrated when Bitcoin is in it bear market by selling their bitcoin.
  My suggestion to these set of people is that we should invest on Bitcoin for our children from infantry to teenage. In my country people starts planing for the future of their children from the moment the child is put to bed. Family and well wishers gives money to the child when they come to visit the new born baby to express their happiness for what God has done. Some parents the moment they give birth to a child they open a bank account for the child so that every month from their income they put some fraction of money to the child's account. Some money been given to the child during his birthday celebrations and other ceremonies or visit they always put it into the child's account in other to secure the child's future.
  When this child becomes a teen in high school this money must have accumulated to a reasonable amount which is used to support the child to either further his education,start up a trade or learn a skill. Fiat currency is fast depreciating because of inflation, 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 ?
  Grin

This is a very good idea, instead of us saving with a bank account with a low interest rate, save with bitcoin. We will have a better chance to earn bigger profits when our children grow up, we will be able to give them more wealth if we save in bitcoin. But bitcoin is still a pretty risky asset so it still needs to be carefully calculated in case bitcoin disappears in the future.
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January 29, 2023, 10:23:04 AM
 #79

My suggestion to these set of people is that we should invest on Bitcoin for our children from infantry to teenage. In my country people starts planing for the future of their children from the moment the child is put to bed. Family and well wishers gives money to the child when they come to visit the new born baby to express their happiness for what God has done. Some parents the moment they give birth to a child they open a bank account for the child so that every month from their income they put some fraction of money to the child's account. Some money been given to the child during his birthday celebrations and other ceremonies or visit they always put it into the child's account in other to secure the child's future.
Investing for the long term is not easy, that is why we need to think of something which will encourage us to do it and one of it is to help secure the future of our children. For those old parents, their kids are already grown up and not an infant anymore but it does not mean that they can't invest on Bitcoin anymore. They still can in preparation for their kids college education or also in preparation for their retirement so that they can get something even if they don't have a work anymore.

I know they also have retirement pays but it doesn't occur too often and then the amount of it may not be big enough for them to enjoy and also to give some help to their kids when they are struggling financially.

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January 29, 2023, 10:23:55 AM
 #80



  When this child becomes a teen in high school this money must have accumulated to a reasonable amount which is used to support the child to either further his education,start up a trade or learn a skill. Fiat currency is fast depreciating because of inflation, 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 ?
  Grin

This is a very good idea, instead of us saving with a bank account with a low interest rate, save with bitcoin. We will have a better chance to earn bigger profits when our children grow up, we will be able to give them more wealth if we save in bitcoin. But bitcoin is still a pretty risky asset so it still needs to be carefully calculated in case bitcoin disappears in the future.
So I was in the bank the other day and enquiring how I can open a saving account for my👶 infant child  🧒 and the bank official gave me some conditions that I was not ok with and they based the condition on the fact that my child does not have a national id since she is under age putting a long period of only deposits no withdrawal and a low-interest rate.
This got me discouraged and I just bought Bitcoin with the money and held it for her till she is mature enough to control her wallet and securities.
Bitcoin is the best store of value for the future and our kids need to have savings in that future.

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