Inwestour
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March 04, 2023, 10:52:31 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 ? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) This is a good idea, but not everyone has the opportunity to buy bitcoin with all the money set aside. For some of them, you will need to buy a lot of necessary things for the child, and in total there will not be much money left for investment. Once my parents set aside money for me, which I could use at the age of majority, but it so happened that all these savings were stolen by the state and I did not receive anything. You will still leave your bitcoins as a legacy to the children and will help them if necessary, pay for tuition, etc.
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AicecreaME
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March 04, 2023, 12:04:48 PM |
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Very wise decision indeed.
Rather than investing your fund for your children in banks, invest it on Bitcoin instead to have bigger profits in the long run. But don't forget to separate the emergency funds so that you will not be force to sell the Bitcoin you're holding. I can't think of any valid reason to prolong your patience but with your children only. Being a parent is a big responsibility so as much as possible, you don't want to screw up since you have your own family.
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samcoin
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March 04, 2023, 11:37:52 PM |
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This looks like a good idea, as most people here believe that Bitcoin will grow in market cap and popularity to be as much as gold is, so storing it for years to come could give high ROI that could help a child to pay education expenses and build their own independent lives when they grow up. However, risk management should be applied here, so adding gold and silver to the savings isn't a bad idea too, because the financial system of the world will always be in need of value savers, and if one of them disappeared, the others would rise in result.
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n0ne
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March 04, 2023, 11:51:31 PM |
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Investing on bitcoin will give the children the financial freedom when they turn adult and need money. The inflation is a big problem and to overcome such situations it is good to prioritise bitcoin savings for our children. DCA of bitcoin for long term or whenever the price drops itself enough to make the savings reach good value. Also this lets the children to be well associated with the growing technology. In the future when people are talking about it, we holding the same gives us the best feel.
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soramon
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March 05, 2023, 03:38:27 AM |
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The suggestion is that investing in Bitcoin for a child's future is a viable long-term strategy for those who struggle with the patience required to invest in Bitcoin for the long haul. To do so, one should start investing in Bitcoin for their child as early as infancy and save regularly for their future. This may enable the child to pursue higher education or start a business by the time they reach their teenage years. However, it's important to recognize that Bitcoin's value is highly volatile and subject to market fluctuations. It is also advised to seek professional advice and diversify investments across different assets to maintain a balanced portfolio. While investing in Bitcoin for a child's future may hold potential benefits, it should be done with caution and informed decision-making.
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ZAINmalik75
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April 13, 2023, 12:18:19 PM |
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Not doubt buying Bitcoin at birth time for your child is Fabolous idea for the future of your child, it will give your child a financially freedom. Otherwise your saving in fiat for him will be devalue due to inflation with time. But unfortunately currently a large number of people are not aware of Bitcoin and Thier significants, they have no idea and the most important thing is that large number of counties didn't allow to thier citizens to use Bitcoin,
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posi
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April 13, 2023, 01:06:08 PM |
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Not doubt buying Bitcoin at birth time for your child is Fabolous idea for the future of your child, it will give your child a financially freedom. Otherwise your saving in fiat for him will be devalue due to inflation with time. But unfortunately currently a large number of people are not aware of Bitcoin and Thier significants, they have no idea and the most important thing is that large number of counties didn't allow to thier citizens to use Bitcoin,
I also like this idea, but we also need to keep in mind by saving with fiat, our money will be eaten away by inflation. But bitcoin also has certain risks, there is no guarantee that investing in bitcoin will be 100% profitable and your children will be financially free in the future. We should use bitcoin to save our kids, but we should have an extra backup because the future of bitcoin is still a question mark. I will diversify my child's savings with bitcoin and a small amount of fiat money, for me, prevention is better than cure.
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mvdheuvel1983
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April 13, 2023, 02:39:26 PM |
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First of all, if you can manage risks, if you can endure the market volatility and by all means go for the long term investing. It is one of the best strategies there is. For the OP you have to keep in mind that if you decide to invest in Bitcoin for your kid, there is actually no solid guarantee that it will yield profit. There's no guarantee that you won't lose your assets. The thing you must know is that despite Bitcoin being an extent of a hedge against inflation it is still very subject to volatility. You could buy a piece of land for your kid in addition to buying Bitcoin, you can never be too cautious. Besides you will be damn sure that it will pay off in the future. And your kid will thank you for it.
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ItsCrafty
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April 13, 2023, 05:43:15 PM |
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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. The parents always thinks right about their children and your idea is good but in our country bank account can generate only when the child reach to the age of 18, so for infant there will be no opportunity for the creation of bank account. The idea of bitcoin investment is good one but the children of this era are so impatience and I don't think that when they hear about it they will keep that money save, instead of saving it for lengthy time they will sell bitcoin in bear market. I think that before going to the Age 7 they should give a lesson about bitcoin so whenever they comes in a reality so they will easily understand each and everything about investment in Bitcoin so their decisions will always be right and profitable.
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tjtonmoy
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April 13, 2023, 07:33:41 PM |
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I have to agree that this is a great idea if you want to hodl for a long time. When we have a motive and a goal to reach, we can be more careful about it. Having a plan to work on is the best strategy. People who just buy and hodl without any selective goals rather than profits always tend to sell their hodlings when they see potential profits. Or get panicked in a bear market and sell early. Having a fixed mind can help to control emotions and wait for that moment when it's the right time to take a decision. I really like your idea OP.
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DiMarxist
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April 13, 2023, 08:14:00 PM |
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Perfectly said investing bitcoin for your children is a good idea,Investing in bitcoin for our children will give them financial freedom when they turn teenage or adult and when they need money they will not lack. Let try provide for our children so that they will be financially secure when grow up or when we die. I think it will be good, like investing in bitcoin for the cost of are children's when they grow up. Is a great advance, I have learnt something from this thread the op post. I have not married now, but from today on words I try to invest for my future wife and the future of my children, so that they will not lack anything or suffer like me.
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Sarah Azhari
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April 14, 2023, 12:03:43 AM |
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But unfortunately currently a large number of people are not aware of Bitcoin and Thier significants, they have no idea and the most important thing is that large number of counties didn't allow to thier citizens to use Bitcoin,
It's not a problem I think, because people that restricted countries can use Bitcoin for investment purpose, not as payment where the government didn't allow it. In my country, Indonesia (our government didn't allow it as payment) but the citizen can own Bitcoin as an asset investment, So I can do it for my child next, I don't have a problem with it even it's forbidden for payment. I don't know in Pakistan, is bitcoin allowed for investment?
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