ethereumhunter
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January 29, 2023, 11:08:03 AM |
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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. Before we get rich, there's nothing wrong if we try to start saving so we don't waste our money buying things we don't really need. If we have money, we will be easily tempted to buy these things so that we will forget our goal of wanting to save to prepare for the future of our children. By having children who have started to grow, we want to prepare for their future lives so that their lives will be better than ours. And doing good financial planning that can help us prepare for their lives later, even though they have their own desires. And investing in crypto has provided concrete evidence that we have gotten so far.
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Zubayer
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Working as a Web Developer and Cyber specialist.
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January 29, 2023, 11:14:25 AM |
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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](https://bitcointalk.org/Smileys/default/grin.gif) My opinion on your suggestion is that investing in Bitcoin for your child's future could be a good idea, but it's not a guarantee for their future. Bitcoin is a volatile asset and its price can fluctuate dramatically. It's important to understand that the future value of Bitcoin is uncertain and no one can predict its exact value in the future. However, investing in Bitcoin for a long term could be a good strategy if you are willing to bear the risk of price fluctuations. It's important to educate yourself on the risks involved in investing in cryptocurrencies and to always have a diversified investment portfolio. Additionally, it's always a good idea to consult a financial advisor before making any investment decisions.
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Popkon6
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January 29, 2023, 01:23:01 PM |
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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](https://bitcointalk.org/Smileys/default/grin.gif) We should invest in Bitcoin for the long term. If investment is to be made then the money deposited in the bank account for the child is given. Just like that, if you invest in Bitcoin for a long time without depositing it in the bank, you will slowly get the benefit from here. Bitcoin price won't stop here this bear market will change one day. If the child's future is to be changed then we must change it by long term investment in Bitcoin because the more you invest the more benefits you will get.
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kamvreto
Legendary
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MAaaN...!! CUT THAT STUPID SHIT
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January 29, 2023, 03:04:21 PM |
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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. Before we get rich, there's nothing wrong if we try to start saving so we don't waste our money buying things we don't really need. If we have money, we will be easily tempted to buy these things so that we will forget our goal of wanting to save to prepare for the future of our children. By having children who have started to grow, we want to prepare for their future lives so that their lives will be better than ours. And doing good financial planning that can help us prepare for their lives later, even though they have their own desires. And investing in crypto has provided concrete evidence that we have gotten so far. preparing for a good future needs to be done, I also apply the same thing. rather than having to buy things that are not really needed, it's better to prepare the money for the future. Trying to do some crypto investments like buying bitcoins and saving them for the long term or for our children when they grow up. Prepare their economy for the future. Crypto will not be obsolete and will continue to grow. but I'm not going to put everything in crypto, because we know crypto is very risky. There will be some in Fiat and in crypto. Bitcoin has been growing for more than 10 years and we know that its development from the beginning until now has been very fast and very extraordinary. That will also apply to bitcoin in the future.
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famososMuertos
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Activity: 1862
Merit: 2964
LE ☮︎ Halving es la purga
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January 29, 2023, 04:30:25 PM |
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And well... there are so many alternatives that exist that it takes me by surprise to think that bitcoin is taken as a unique alternative. In fact, it is a complex process and it varies socially and culturally, but where there is a difference is the economic one.
A "single" plan does not work and bitcoin should be a part, not the whole, as I always mention, for example, when it is intended to think that bitcoin is the forger of economies.
Now, what we do agree on is that that old classist and unfounded scheme that worked in a certain way back in the 60s or 70s, died, that's right, it's not that it's an alternative, no, it doesn't work anymore.
And that is the main vision without even having knowledge of bitcoin, in that sense you should not put on a bandage and think that Bitcoin is the solution to the future of both your children and your own.
The point is that it is not about not having confidence in bitcoin, it is about having to consolidate your plan, so that alternative investments can sustain profits ando allow an booster in the estimated profit target for when they are needed.
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S A KHAIR
Full Member
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1xBit recovered their reputation
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January 29, 2023, 04:41:51 PM |
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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](https://bitcointalk.org/Smileys/default/grin.gif) My opinion on your suggestion is that investing in Bitcoin for your child's future could be a good idea, but it's not a guarantee for their future. Bitcoin is a volatile asset and its price can fluctuate dramatically. It's important to understand that the future value of Bitcoin is uncertain and no one can predict its exact value in the future. However, investing in Bitcoin for a long term could be a good strategy if you are willing to bear the risk of price fluctuations. It's important to educate yourself on the risks involved in investing in cryptocurrencies and to always have a diversified investment portfolio. Additionally, it's always a good idea to consult a financial advisor before making any investment decisions. I agree with you. Bitcoin is really suitable for long-term investment but if we bet our children's future on bitcoin, we should consult with financial advisors before deciding. To be fair, bitcoin is too risky and no one can be sure that it will survive or will rise in price in the future. So using them to save for our children's future is a mistake.
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Ndabagi01
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January 29, 2023, 10:10:22 PM |
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This is great OP, but I see some loopholes that may arise as a result of their parents saving money for them in bitcoin before they reach adulthood. If the parents open a custodian wallet for their child, they will be the only ones who have access to the seed phrase .
As time passes, because life is not guaranteed, how can this wealth be passed down to the children if the parents are no longer alive? Perhaps they will share the seed phrase with someone close to the family. If the child is unfamiliar with bitcoin, he or she may be duped out of his or her money when they need to access their wallets.
This situation has counter the important security feature needed when saving bitcoins. Your point is realistic but not realistic enough for people to use that method to save money today for infants.
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Casdinyard
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January 29, 2023, 10:12:20 PM |
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Bitcoin's a good store of value, But I don't think relying on it for your child's future is a good thing, although it could be argued. Personally, I'd invest it into something else with passive guaranteed growth instead of bitcoin's which is cyclical in nature. Or perhaps make use of both bitcoin and a trust fund at the same time. That way I can gusrantee and maximize growth of my son's money through bitcoin's volatile upshoot in prices every now and then, and make sure the money stays valuable especially when I pass away.
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ethereumhunter
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 30, 2023, 02:52:35 AM |
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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. Before we get rich, there's nothing wrong if we try to start saving so we don't waste our money buying things we don't really need. If we have money, we will be easily tempted to buy these things so that we will forget our goal of wanting to save to prepare for the future of our children. By having children who have started to grow, we want to prepare for their future lives so that their lives will be better than ours. And doing good financial planning that can help us prepare for their lives later, even though they have their own desires. And investing in crypto has provided concrete evidence that we have gotten so far. preparing for a good future needs to be done, I also apply the same thing. rather than having to buy things that are not really needed, it's better to prepare the money for the future. Trying to do some crypto investments like buying bitcoins and saving them for the long term or for our children when they grow up. Prepare their economy for the future. Crypto will not be obsolete and will continue to grow. but I'm not going to put everything in crypto, because we know crypto is very risky. There will be some in Fiat and in crypto. Bitcoin has been growing for more than 10 years and we know that its development from the beginning until now has been very fast and very extraordinary. That will also apply to bitcoin in the future. By preparing for a good future, we hope that our children will be able to live better lives and survive with what we have prepared beforehand. And while teaching them how to use crypto for them, we make sure that they will be fine in the future and we can smile happily knowing they can survive the rigors of life in the future. Investing in crypto helps us hope that we are doing the best for our children. And we indeed have to have other investments apart from crypto because that will also help them to be able to grow better later.
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fuguebtc
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January 30, 2023, 03:51:59 AM |
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Bitcoin's a good store of value, But I don't think relying on it for your child's future is a good thing, although it could be argued. Personally, I'd invest it into something else with passive guaranteed growth instead of bitcoin's which is cyclical in nature. Or perhaps make use of both bitcoin and a trust fund at the same time. That way I can gusrantee and maximize growth of my son's money through bitcoin's volatile upshoot in prices every now and then, and make sure the money stays valuable especially when I pass away.
I have had children, and I have thought about this in the past, instead of creating a savings account in the bank for our children's future, bitcoin would be a better option in terms of profit. But with bitcoin's volatility and bitcoin's future uncertain, placing our children's future in bitcoin is quite risky. We often say that bitcoin investments should only be used with money we can lose, but this is our children's money, and we cannot lose it. So I will also choose a safer option than bitcoin for my children's future.
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uneng
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January 30, 2023, 04:03:15 AM |
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Bitcoin's a good store of value, But I don't think relying on it for your child's future is a good thing, although it could be argued. Personally, I'd invest it into something else with passive guaranteed growth instead of bitcoin's which is cyclical in nature. Or perhaps make use of both bitcoin and a trust fund at the same time. That way I can gusrantee and maximize growth of my son's money through bitcoin's volatile upshoot in prices every now and then, and make sure the money stays valuable especially when I pass away.
I have had children, and I have thought about this in the past, instead of creating a savings account in the bank for our children's future, bitcoin would be a better option in terms of profit. But with bitcoin's volatility and bitcoin's future uncertain, placing our children's future in bitcoin is quite risky. We often say that bitcoin investments should only be used with money we can lose, but this is our children's money, and we cannot lose it. So I will also choose a safer option than bitcoin for my children's future. You don't need to completely avoid bitcoin investment, though. You can invest part of the money for your child in fiat and other part in bitcoin. If bitcoin loses price by the time your child grows up, you won't lose the entire money, rather only a minor amount that shouldn't affect his future at all. On the other hand, if bitcoin rises a lot yet, as most enthusiasts predict, this can be a life changing for him.
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lienfaye
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January 30, 2023, 04:13:08 AM |
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What is your opinion on my suggestion, is it a guarantee for the child's future and will enable you to benefit from Bitcoin ?
For long term yes it's a good idea to invest in Bitcoin for our kids. Instead of saving in banks, investing in Bitcoin is much wiser because of the chances for the money to become huge, in time. Of course there's a risk since it is not guaranteed but if you believe in Bitcoin as an investor and aware of the technology then you'll not going to doubt what lies for the future of Bitcoin. Anyway, though it seems good to invest as early as possible for the sake of our kids, we know not everyone are capable to invest due to hardship because of the current economy. Hence, this is only for people who are able to save for their kids and not struggling financially while doing so.
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Kaliandra
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January 30, 2023, 04:13:51 AM Merited by fillippone (1) |
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buying bitcoins for our young children and speculating that in the future bitcoin prices will go up a lot. yes, of course there is nothing wrong even though investing in bitcoin is risky. because if we want to get a bright future for our children, of course, we need struggle and risk in investing. i think this is a good idea, which will provide benefits for a bright future for our children when they grow up.
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yudi09
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January 30, 2023, 05:12:30 AM |
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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. 50% shifted to other assets such as gold is also a good option and I consider the advice to be appropriate because gold is a fixed asset. However, please note that I am not suggesting to divert 50% to gold because the only comparison is Bitcoin with bank interest rates and I feel there is no need to mention the risks of investing in Bitcoin because obviously fiat can lose value often economic developments. Trading safety for profit? We don't think that's the interpretation of Bitcoin investing.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
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Oasisman
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January 30, 2023, 05:22:13 AM |
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Not really a bad idea, it's like hitting 2 birds in 1 stone, because it is you and your child will benefit when Bitcoin multiplied your savings. Though there's a risk associated with it, but we are quite sure Bitcoin has still a way to go, and still has a long way to break ATH after ATH, as Bitcoin global adaption is still growing everyday. So, yeah this is a good idea than just letting that money sit in the banks and continue to depreciate.
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DanWalker
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January 30, 2023, 05:36:27 AM |
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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. 50% shifted to other assets such as gold is also a good option and I consider the advice to be appropriate because gold is a fixed asset. However, please note that I am not suggesting to divert 50% to gold because the only comparison is Bitcoin with bank interest rates and I feel there is no need to mention the risks of investing in Bitcoin because obviously fiat can lose value often economic developments. Trading safety for profit? We don't think that's the interpretation of Bitcoin investing. Fiat depreciates, that's true, but compared to bitcoin's volatility and risk, it's still nothing and we're talking about our children's future. If we are investing in Bitcoin with money that can be lost, then there is no need to talk about risk because we are ready for it. But we're talking about our children's future, and that's money that can't be lost. I want to know, do you have children? Because I am quite surprised that you are willing to bet your child's future on such a risky asset. I already have a baby and I won't treat my child's future like you do.
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xSkylarx
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January 30, 2023, 06:10:12 AM |
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Bitcoin's a good store of value, But I don't think relying on it for your child's future is a good thing, although it could be argued. Personally, I'd invest it into something else with passive guaranteed growth instead of bitcoin's which is cyclical in nature. Or perhaps make use of both bitcoin and a trust fund at the same time. That way I can gusrantee and maximize growth of my son's money through bitcoin's volatile upshoot in prices every now and then, and make sure the money stays valuable especially when I pass away.
That is why others are divesting their investments to lessen the risk. It doesn't mean that you'll go all into bitcoin and invest money that you have as it is for the future of your child, but you also need to open a bank account to deposit some money or invest in insurance for your child. The point of bitcoin is that you can gain profit from it in a few years, and if you need money at that time, you can sell it and also put it somewhere else so that your child can also benefit from it.
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ilovealtcoins
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January 30, 2023, 10:28:49 AM |
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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](https://bitcointalk.org/Smileys/default/grin.gif) 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. But like I said, bitcoin is still risky, and the possibility of bitcoin disappearing in the future is there, although the probability is low. I think you can both save bitcoin and save with other assets like gold, silver... all of which will be more valuable in the future than fiat money. I will also plan to do it for my children when I can.
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gunhell16
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January 30, 2023, 01:24:18 PM |
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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](https://bitcointalk.org/Smileys/default/grin.gif) It's a good thing you say dude, and almost all responsible parents want and save money for their children to be honest. Now, it is possible to accumulate fiat and bitcoin at the same time as long as a parent can do it. I'm doing that at the moment, not even a lot of bitcoins per week, but I can tell if its value will be good in the future because the price of bitcoin over time is like land.
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naira
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January 30, 2023, 01:44:07 PM |
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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](https://bitcointalk.org/Smileys/default/grin.gif) OP thanks for representing what I've been doing these few months, even though I've started it for myself. But now my wife is pregnant and the first month at that time I have started saving with Bitcoin. The goal that I do is that the Bitcoin savings must be collected until he grows up. I do this for a better life in the future. It will be quite a long journey until he is born and grows up. Bitcoin will accompany every journey. So far I have been consistent every month with the spirit of saving Bitcoin. All planning is carried out carefully starting from securing the key and everything related to accessing it is really guarded. Including having a guardian if one day I can't supervise the growth and development of the child.
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