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

[Queentoshi]

That is a good plan. As we know that fiat has greater inflation than bitcoin itself, of course, when you invest in bitcoin, you will maintain a store of value from the assets you own. by the way, the halving of the bitcoin network will be happened by early next year (Q1 probably), so it would be a good opportunity for you if you invest in bitcoin asap.

To me that's a very good idea, bitcoin is a thing for the future, and let's say in the next 4-5 years is going to be in another level, even me right now am thinking of doing the same thing, you just gave me an idea, instead of opening a bank account for them I will rather invest in bitcoin for them, but one thing to be cautions of is the wallet, I will make sure to use a trusted wallet to avoid loss of my investment. This is a good point, and I will advise people to make this move rather to open a bank account for their children.

[Sakanwa]

It's a good and I wonderful idea to invest for the future of you child. Well making such decisions for your child is a kind of try to securing a what does really belong to you,I say that because haven't know the risky that you about kill in to,it obviously you need to take proper care of you wallet making sure it well secure from been harked.i pray may this price of yours that you about pay will bring profit and you making a good harvest.

[Leviathan.007]

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?

That is a very good move and this will definitely help your child in the future if everything goes well, but you should understand that even if you do that for the long term you are taking a risk and this risk always will affect your child and her future so I suggest you to invest wisely and be very careful about how you are holding the bitcoins. Because from what we saw so far bitcoin is very good for investment in the long term but you cannot be sure what's going to happen in a few years so I suggest you invest in multiple assets to lower your risk.

[Broadanbig]

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?

It is absolutely good such a decision. You must understand that the bitcoin market is volatile so invariably, it means that you will be buying bitcoin in fractions and holding them for a long time. Buying them in fraction and with spare care which you can afford to loose is the best option but however, I know you will not loose them because bitcoin will do much better in price value in time to come so it is good you are in the right investment track.  You have already secured and insured the future of your kids by purchasing bitcoin for them and their future expenses are definitely covered with them protected from unforseen financial challenges in time to come.
Congratulations to you!
Congratulations to you kids!
Congratulations to your family!

I like what you did and I think I would take same step as you did although I am yet to get married but I will set same standard at follow it gradually.

[tjtonmoy]

I want to know your opinion?

Bitcoin investment involves a high degree of risk, as the price can be highly volatile from time to time. You should carefully consider your investment goals, risk tolerance, and financial situation before investing in Bitcoin. It is also important to do thorough research before making any investment decisions. If you are able to gather all the knowledge and are able to work as planned, then you can provide a bright future for your child. HODL is what we see in many people, and I'm also one of them. But in situation like this, for instance, in bear market you should learn to DCA. And what i can see is this is a great future plan.

[Adbitco]

I believe as you said of taking the risk so, whatever investment you are making should be on your targeted year and period of time. Then next is to look into the kind of wallet you should use because from your narratives, this may be investment of 10 to 20 years to come and security is the most important aspect of your investment. Without adequately securing and safeguarding your investment I doubt if you could be able to hold till the expected time. In this type of investment, you should also let known your partner or relatives for future purposes, imo.

[cr1776]

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?

It sounds like a reasonable plan.  Do not keep the coins on any exchange though, preferably use some type of cold storage since computers can be compromised also.  It certainly sounds like you have the right time frame, not days, weeks, or months, but years.   Depending on what country you are located and the potential amount of value involved later, remember to consider that some places will impose gift taxes to larger amounts so gifting now vs gifting later (post-appreciation) could be smart.

[inthelongrun]

OP I assume you already understand how bitcoin works and how to keep them safe, right? It is also better to DCA when investing in bitcoin since we never know if it goes up or down in short term. You can invest a portion of your income to buy bitcoin weekly or monthly. I am buying bitcoin monthly as well. And only use a portion of your savings to buy bitcoin as you also need to diversify your investments for better protection. You can also check your local bank's time deposit rates and see if they are practical for another set of long-term investments for your child.

I am curious about OP preparing for the child's future marriage. Let the kid shape his own destiny. Just send the child to school and you're good.   

[el kaka22]

This is what I am doing basically and I am doing it for even further down the line. I want my future child to have the option to do whatever they want in life. Doesn't mean that they should do something illegal, lol. But more like, most people who do not go into arts, do not go in because they want to make sure they can make money first. As someone who is in art world, I can tell you that it is not that difficult to make money, you can do whatever you want and make money as long as you look where the money is.

It won't be exactly what you want, but it will be the job you want. I want to make sure my kid knows this, and after they graduate college or whatever they go to, I want to give them a good small income that would guarantee a life of ease, and that will make sure they won't have to work for money. If they just want to sit at home and watch movies and drink beer all day, they can do that too, that's still a life worth living I believe, but if they ever want to do something, they won't have to worry about income.

[Mahanton]

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?

Just stick into things on what you do have in mind because we do have different approach and dealing when it comes to investment.Its good that you do still have the money to be allocated or to be saved up
on Bitcoin because other people cant really do such thing.So this is really an opportunity for you at least on going for long term.The importance on here is that you are aware of the risk and this is what natter the most.
Dont go all in and its always still better to save up some funds in fiat even we do know on how shitty we do know about fiat but still it could really make out some assurance somehow when it comes to future talks.
Just stick into those things that you do have in mind because we dont know on what the future looks like.

[Yatsan]

Well, that is a good plan but what's more practical is to invest in land based properties to be passed down to your child when he/she turned the right age. Indeed this industry has lots of potential but never be too confident given that this technology is still not widely accepted as a currency across different countries. There are still problems with its adoption which adds risk along with market price volatility. If it is assurance that you are planning, choose a less risky decision to avoid regrets in the future.

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?

It sounds like a reasonable plan.  Do not keep the coins on any exchange though, preferably use some type of cold storage since computers can be compromised also.  It certainly sounds like you have the right time frame, not days, weeks, or months, but years.   Depending on what country you are located and the potential amount of value involved later, remember to consider that some places will impose gift taxes to larger amounts so gifting now vs gifting later (post-appreciation) could be smart.

Its storage is another reason why there might be problems with such plans. If it would be hardware wallet to be used, what if it got lost? If it is online wallet, what if it was accessed by different people without consent? These are simply added risks for planning to do so, as I am trying to point out above.

[lalabotax]

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.

Honestly, I'm doing it too because I think it's a very good step for the future. Investing in Bitcoin becomes profitable especially if our target is for the long term. It's just that we have to understand and be aware that we also have to use money that is truly free funds so that it won't interfere with our financial stability. And this is one of the investments, because maybe there are other things that are prepared for the big needs in the future of our children, of course. As long as we have the target and we sell the coin at the right time in the bullish era in the future, I am sure that this will not be disappointing. But once more, we must be also aware of the risks that we may hold, nothing knows the future, and that is why there is always a risk.

[drwhobox]

Saving bitcoins for your children is a great idea. You don't only save it, the price of bitcoin will grow in the meantime, and you don't have to pay any tax or fees to the bank.
Use a secure hard wallet and keep your seed phrases safe. Also, you will find many topics and threads already created on this forum for how you can keep your bitcoin wallet safe and what wallet you should use for better security purposes

[_BlackStar]

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

It's OK to invest in bitcoin long term in bitcoin ^{[it's wise decision].} I assume your child is currently 2 or 3 years old and currently bitcoin are worth $23K. You have another 15 years until your child grows up, but have you seriously considered what if bitcoin won't give you the returns you deserve in 15 years?

Even if you really say that you are ready to take all the risks, but I don't think you are really ready to accept the loss if you lose all your bitcoin because of your own fault. I mean, the safety of your wallet is your sole responsibility and having custody of your assets is recommended. You need to consider having way to keep your bitcoin safe, and have you thought about it now?

[Scripture]

Saving bitcoins for your children is a great idea. You don't only save it, the price of bitcoin will grow in the meantime, and you don't have to pay any tax or fees to the bank.
Use a secure hard wallet and keep your seed phrases safe. Also, you will find many topics and threads already created on this forum for how you can keep your bitcoin wallet safe and what wallet you should use for better security purposes

There’s a risk but since OP is willing to take it, I hope he succeeded on this.
Doing DCA is a good strategy for a long term investor, and with Bitcoin it can be more profitable of you do it during the bear trend. Using a hard wallet is ideal and advisable to protect your investment, just hide the keys properly and always have a back-up plan. The market is getting better now, take this opportunity to plan long term.

[lionheart78]

I want to know your opinion?

It is simple like the earlier replies, invest only the amount that you can afford to lose.  If you are somehow tight on budget with your current work, you can always find a side job and the earnings from that side job can be invested in your plan of accumulating Bitcoin.  Another thing is you have to be patient and should establish your selling point.  Bitcoin is already known to us but there are lurking frauds and scams that exploit the Bitcoin industry so better be aware of them.

[Davidvictorson]

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?

This is a good plan; however, I would advise you not to put your child's trust in Bitcoin and to consider diversifying your investment. Their investment is what will determine your long-term profit. You could invest in real estate, you could invest in agriculture, and you could buy good stocks. In addition to Bitcoin, you should consider the following viable alternatives for your child.

[Oceat]

I'm assuming you aren't gonna use the money for child support in order to invest in Bitcoin but if you do, then that's a different story.

Anyway, if you have enough money to make an investment then go for it as long as you know how to keep it for a long time all by yourself. There's a lot of information on the internet or even in this forum on how to protect yourself from losing those coins while it's in your own wallet.

Plan everything ahead and also I think you have to buy Bitcoin when it's cheaper or else you will get small amount if you buy at the top since you planned to hodl it for a long time.

[Dr.Bitcoin_Strange]

OP, I would love to ask, "What is your main motive for investing in Bitcoin?"

Are you investing in Bitcoin so that you can use the future profit to foot your child's bill, or are you investing in Bitcoin because you think people who invested in 2009 and sold in 2021 made a huge profit? 

Joyram Shaw said, "Expectation kills." "Just go with the flow; you might be surprised when something better comes along in an unexpected way.”

It's a good idea to invest in Bitcoin for your child, but you should also have a backup plan should your expectations not work out well. Since Bitcoin has two seasons, the bear and the bull, situations might arise where you may need to sell and collect the money, but that might not be in a good season to sell. It is wise to have a fiat backup fund, and it is also good to educate your kids about bitcoin investment and financial management when they have come of age.

[Stella Mese]

invest in bitcoin for the long term and the money is for children's cost when a child has grown up, in my opinion it is a good thing but of course there is a risk in investing and your investment could suffer losses because we will not know the price of bitcoin for the long term, but It seems you are ready to take the risk if one day you experience a loss.

and in my opinion you are a great person, because you have the courage to take risks if your investment suffers a loss,
and I hope that your investment in btc will be successful and get big profits.