I will invest in bitcoin for my child's cost when they grow up.

[jeraldskie11]

I see lots of people who have long term success investing in bitcoin. for example, like people who bought bitcoin in 2009 and sold it in 2021 when the bitcoin price was high.

now I have a child and my child is still small, of course the bigger my child is, the living expenses will also be greater.

so I plan to buy bitcoin and will invest in bitcoin for the long term, with the intention of paying for my children in the future, such as for school capital and my child's future marriage.

but I am also aware of the risks of investing in bitcoin, but I personally am ready for the risk of investing in bitcoin.

I want to know your opinion?

As long as you accept that there's a risk in investing in Bitcoin, you don't have to worry. When you know the risk of investing in Bitcoin, you will be more clever on using your money. But I suggest you in Bitcoin, don't always mind it or always looking at the chart because it might develop an emotional damage on your mind that will affect your investment plan. Set a plan then simply follow it.

[ethereumhunter]

It is a good thought to be open to investing your money long-term. It is a way to prepare your children's future through bitcoin investment and before you do that, you must develop your investment plan.

And if you are ready to accept the risk of investing in bitcoin, you can start investing and do it for a certain time. You also have to learn to manage your emotions, how to save your personal wallet properly, how long it takes to prepare the investment, the amount used each time you invest, when you can sell bitcoins and others.

[Patrol69]

There are always two sites in investment, one is the positive site and the other is the negative site. We always see positive aspects being highlighted in various social media.  As a result, many people are interested in investing after seeing the positive aspects of investment and without thinking about anything else, they invest. Later they faced huge losses by investing. But since you know both investment sites and you are ready to take risk for investment, you can invest thinking about your child's future if you want. But there are many differences between the market of 2009 and 2021. If you want to invest now, you must invest for the long term. If you invest for a long time, hopefully you will get success.  Best wishes for your child's future.

[Nrcewker]

First of all during 2009, no one exactly knew what Bitcoins are capable of. So I have hardly heard about anyone, who invested seriously for long term during 2009. They just bought Bitcoins and used to trade it with normal digital goods. I am glad to see that OP, you are thinking about your child, and caring about his future. But to be honest, relying completely upon Bitcoins won’t be a good decision. I am not saying Bitcoins are bad, but yes completely relying on those might end you up in some problems. Moreover Is Bitcoin regulated in your country? Have a check on that, and then invest wisely.

[Die_empty]

I see lots of people who have long term success investing in bitcoin. for example, like people who bought bitcoin in 2009 and sold it in 2021 when the bitcoin price was high.

now I have a child and my child is still small, of course the bigger my child is, the living expenses will also be greater.

so I plan to buy bitcoin and will invest in bitcoin for the long term, with the intention of paying for my children in the future, such as for school capital and my child's future marriage.

but I am also aware of the risks of investing in bitcoin, but I personally am ready for the risk of investing in bitcoin.

I want to know your opinion?

Some people put their money in fixed deposits and due to inflation the fiat would keep losing value until it becomes worthless. Although investing in bitcoin is also risky due to volatility but it is far better than fixed deposits. The price Bitcoin can appreciate and this fact has been proved again and again. The good part of your plan for your child is that it is long-term which means there are possibilities that the price might double. It is also good that you now the risk that is associated to bitcoin investment and you sound prepared for it.

But it is also good to diversify your investment for your child. Don't just invest in bitcoin alone, search for other good investment platforms. In my country the real estate sector is very lucrative. One can buy a land in an underdeveloped place and leave it for some years and you would be surprise how the price have appreciated. I wish you good luck and I hope your child grows and also pick interest in bitcoin.   

[Rockstarguy]

It is a very good decision you have taken. These is what some parents do by saving money for the future for in the bank. Instead of saving money in the bank over some years which the money will lose value over time . It is better to invest it in bitcoin and it will definitely yield good profit by the time will grow up. People put their money in the bank to save for their kid future and they forget that money is losing value. Long-term investment in bitcoin is just the best,  so far as the money won't be needed in a short time.

[jossiel]

Have another source of income and use that to support your family so that if you ever had some spare money, that's the money that you'll use for investing in bitcoin.

Don't forget that when you invest in bitcoin in the long term, you'll have the idea when to sell and when to buy more.

But, you're also free to sell at any time as you wish if you needed the money. Because many weren't able to follow the plans that they've set as we've said that we're going to hold all that we've got for a certain period of time.