Early bitcoin investment for my baby

[AirDropMcHunter]

What a nice post, big congrats on your little sweetheart. And yeah that's an awesome idea, $50 worth of bitcoin today will indeed be worth a ton of money in 18 years. I wonder how it feel like for him to find this thread after 18 years.

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[Ayers]

Although I can't predict the next 18 years later, but just don't put a lot hope if the Bitcoin price now and the next 18 years would be really so difference where at the first time Bitcoin is only worth for less than cent and now it's already $25K. Bitcoin price might touch $1 after the next 18 years because anything is possible, it's also possible the price will be sky rocketed, but I not really think the ROI is really so huge.

Thinking how volatile and unpredictable bitcoin is, it’s good to invest but never hold guarantees that bitcoin will definitely boom in the next 18 years, you will only be frustrated if you put high hopes on that. Just invest with your spare money, money that are not intended to supply the needs of your baby. While your idea is great, but always invest at your own risk. Bitcoin will never have a fixed value, so always be open that the price could go up pumping or might drop its value and face a sharp decline.

There's nothing wrong with investing in bitcoin and setting expectations on it, but you're right, don't be too subjective and put all your hopes on it. Bitcoin is still a volatile and risky asset, so when investing, in addition to thinking about profit, we should also consider the case that bitcoin will disappear in the future.

I'm not opposed to accumulating bitcoin for our children, but like investing, I think we should diversify our savings rather than focus on a single asset. Savings can include many other assets like bitcoin, gold, or stocks… we have the right to diversify, no one forces us to focus on just 1.

[Inwestour]

I'm curious how the OP stored the Bitcoin they bought for the baby, they created a paper wallet? Bought a hardware wallet or any software Bitcoin wallet? It would be more amazing for OP to share how they manage to store the Bitcoin so just in case in the future, other will follow it too.
Just like me, I am planning to do it in the future for my children. Since I saw a lot of people having life insurance to their children while at very young age, so for me, I will do like what OP did.

It seems to me that it is better to create and control investments personally, and then leave this capital to your child as an inheritance. But before that, it is important to teach him how to make savings himself in order to create at least a small capital for investments, and teach him how to safely store investments. That he could repeat all the steps himself, albeit on a smaller scale. After that, I will know that he will be able to do everything right when he receives an inheritance and will multiply it.

[Finestream]

Even though you are already happy about the birth of your child, I think it is not necessary to display a photo of your baby in full because this is a public space for fear that the photo will be misused by irresponsible people.

I think it's great that you are so confident about investing in bitcoin for your child's future, but you have to think about the risks and other kinds of hurdles however normally the need for a baby is very great unless you can cover that need from other income and when it grows up.

Right. It’s never bad to post whatever that makes you happy, but exposing your innocent baby’s face in a social media, that might catch the attention of bad people and use your baby’s picture for their own advantage. That’s why it’s still best to live your life in private without updating other people about your life events or family’s events. However, your idea is great and you have a very positive outlook for his future. But always know that bitcoin investing takes some risks and that you have to manage the risk so you will be successful in the end. I advise you to never take this more seriously, but just invest whenever you have extra money to spare. Bitcoin is still uncertain in the next year or decade, so you don’t have to expect much on it. Just invest a little and forget, that way you will never have to think of it most often.

[Car22]

It is a good idea to hold your bitcoin worth for your baby .

[Patrol69]

Few days back, I came across a post encouraging people to use the money well wishers gives to newly born babies and mothers as a gift  to invest in bitcoin for the baby,  then I was pregnant, just delivered 3rd of march. My baby and I has made up to $50 if converted just 10days after giving birth.  I am definitely going to use the money to invest in bitcoin this year for my baby so that in the next 18 years my baby will be proud of the decision I took for him.

Every parent takes different steps at different places thinking about their child's future but yours seems a little different to me. Everyone else deposits money in various banks for their child's future but you are thinking about your child's future and investing in Bitcoin for your child is undoubtedly the best initiative of yours. Hopefully you will increase the amount of investment as your child grows up and at some point you will see that you get a lot of profit from the amount you invested I welcome your decision

Im so glad I discovered this platform this year, I believe I am going to achieve a lot from this forum

Below are lovely pictures of my cutie, my bundle of joy.🥰

https://i.imgur.com/aILveaK.jpeg

https://i.imgur.com/hC9kWoy.jpeg

Of course the investment you have made and the platform you have found is undoubtedly one of the best and you will get more than what you expect from this platform.  May God bless your child's future.

[_musab-scorpion_]

It’s very good decision to invest in crypto for your baby and forget this for 18 years . He would be very happy when he came to know about this investment I’m damn sure. But it is inappropriate to show your baby pictures in general forum like this…please keep it in your own personal space

[ringgo96]

This is a very good idea for you to live, because the money you get can invest for the baby you give birth to in the future, and I am sure that with a long enough time then the baby you give birth to today will become a sultan at a young age, so I am very supportive of the decision you make because everyone will want to make a surprise for their child when they become teenagers or Already an adult, and most importantly you have to pass on knowledge about the crypto world to your child later.

[Farma]

Since your goal is to hold thinking on long term results (18 years from now), you should think about storing your coins safely on your own hands. That is, to not rely on any third party online platforms to keep your coins stored. You need a hardware wallet and to control your own keys.
(...)

I'm curious how the OP stored the Bitcoin they bought for the baby, they created a paper wallet? Bought a hardware wallet or any software Bitcoin wallet? It would be more amazing for OP to share how they manage to store the Bitcoin so just in case in the future, other will follow it too.
Just like me, I am planning to do it in the future for my children. Since I saw a lot of people having life insurance to their children while at very young age, so for me, I will do like what OP did.

i just wish that the OP was using Hard Wallet. Because the main problem in the long-term storage for years from a crypto asset is where it is stored. some of the cases that I have seen, many people hold their assets in several wallets, but some hackers are able to access the assets they have. I've even experienced this myself. Anyway, I don't expect him to use CEX to store his assets. I think that way because many lay people think that CEX is a safe and reliable place to hold assets long term.

[fuguebtc]

Since your goal is to hold thinking on long term results (18 years from now), you should think about storing your coins safely on your own hands. That is, to not rely on any third party online platforms to keep your coins stored. You need a hardware wallet and to control your own keys.
(...)

I'm curious how the OP stored the Bitcoin they bought for the baby, they created a paper wallet? Bought a hardware wallet or any software Bitcoin wallet? It would be more amazing for OP to share how they manage to store the Bitcoin so just in case in the future, other will follow it too.
Just like me, I am planning to do it in the future for my children. Since I saw a lot of people having life insurance to their children while at very young age, so for me, I will do like what OP did.

i just wish that the OP was using Hard Wallet. Because the main problem in the long-term storage for years from a crypto asset is where it is stored. some of the cases that I have seen, many people hold their assets in several wallets, but some hackers are able to access the assets they have. I've even experienced this myself. Anyway, I don't expect him to use CEX to store his assets. I think that way because many lay people think that CEX is a safe and reliable place to hold assets long term.

Indeed, although owning a hardware wallet will cost a bit of money, once we are determined to hold it for a long time, a wallet is indispensable.  If we waste our money and store our bitcoins on a centralized exchange or hot wallet with a frequent internet connection, there is a good chance that one day we will regret our decision not to buy a hardware wallet. I don't know how much bitcoin the OP intends to accumulate for his children, but for such a long time, even with that $50 capital, it would be a huge amount after 18 years and for sure is going to be larger than the purchase of a hardware wallet.

[MusaPk]

This is a very good idea for you to live, because the money you get can invest for the baby you give birth to in the future, and I am sure that with a long enough time then the baby you give birth to today will become a sultan at a young age, so I am very supportive of the decision you make because everyone will want to make a surprise for their child when they become teenagers or Already an adult, and most importantly you have to pass on knowledge about the crypto world to your child later.

First of all, congrats to OP for the baby and second appreciation for the mother for investing in the right direction for the future of newborn. If you are investing in bitcoin, then invest for long term, not for a week or a month since that won't give you a big return. The OP is investing 50$ initially, and it will be good if she can put 10$ or more (based on her budget) every month into bitcoin. Since the DCA strategy will surely work.

[deathcode]

Since your goal is to hold thinking on long term results (18 years from now), you should think about storing your coins safely on your own hands. That is, to not rely on any third party online platforms to keep your coins stored. You need a hardware wallet and to control your own keys.
(...)

I'm curious how the OP stored the Bitcoin they bought for the baby, they created a paper wallet? Bought a hardware wallet or any software Bitcoin wallet? It would be more amazing for OP to share how they manage to store the Bitcoin so just in case in the future, other will follow it too.
Just like me, I am planning to do it in the future for my children. Since I saw a lot of people having life insurance to their children while at very young age, so for me, I will do like what OP did.

i just wish that the OP was using Hard Wallet. Because the main problem in the long-term storage for years from a crypto asset is where it is stored. some of the cases that I have seen, many people hold their assets in several wallets, but some hackers are able to access the assets they have. I've even experienced this myself. Anyway, I don't expect him to use CEX to store his assets. I think that way because many lay people think that CEX is a safe and reliable place to hold assets long term.

I also hope that OP's plan is really mature to realize the investment for his baby by thinking about where he will store his Bitcoin assets.
Storing our Bitcoin assets or crypto assets in a secure wallet is very important, what you suggest to the OP is that it is true that it is safer to store Bitcoin purchases for their children in a Hard Wallet for maximum security.
Moreover, this asset will be passed on to the baby, so it must really be maximized in terms of storage security because it takes a long time, of course, to be handed over to the baby when he is old enough.
If OP keep it on a hot wallet, in my opinion, it's not wise, especially if OP only store it on an exchange, it can be bad. I hope OP avoids keeping it on exchange.
But we know Hard Wallet isn't cheap at all, especially since OP is still in a condition where he has to meet the many needs of his baby. So maybe besides OP having to set aside some money to invest for the baby, OP also has to set aside to buy a Hard Wallet.

[n0ne]

Most users have mentioned about keeping the bought bitcoin in a secure way. For now she had gained knowledge to buy bitcoin for her baby's future. Next thing, she needs to learn about the security and the usage of different wallets. Exploring the forum she'll understand well about it. Being a woman and getting into bitcoin usage as an investment as well for future is really appreciable and congrats on the buying, because ten out of 100 knows about bitcoin and one out of the 10 have the courage to take such bold decisions and move along with it. The small investment made regularly will help on need, it maybe the child's education, health, etc.

[freedomgo]

Nice decision. I can't recall the thread but I have read it as well. I haven't done something like this yet, because everything is for my baby whatever I am earning. I am holding a decent cryptocurrency, so they can spend from there. Because I don't intend to sell them right now and even if I sell, I will keep some for the future. Not gonna make my wallet empty anyway. But for those who can't afford to accumulate a big amount of cryptocurrency then better to make savings and invest in crypto. It would be for your baby or for your future.

Great job. Parents should always make the children the top priority above others so investing in bitcoin is certainly a good start for a parent. Not necessarily that you will start with a huge amount, but an initial investment with a minimal amount can do. After all, it’s not the amount that won’t matter in the long run, but most likely it’s your faith on your investment and how you will overcome the risks investing in bitcoin, particularly when some price crash suddenly happen.

[ajiz138]

I'm curious how the OP stored the Bitcoin they bought for the baby, they created a paper wallet? Bought a hardware wallet or any software Bitcoin wallet? It would be more amazing for OP to share how they manage to store the Bitcoin so just in case in the future, other will follow it too.
Just like me, I am planning to do it in the future for my children. Since I saw a lot of people having life insurance to their children while at very young age, so for me, I will do like what OP did.

Because this is for the long term then he should be able to control his own at least a non-custodial wallet or better a hardware wallet will be much more secure especially the dozens of years that are planned to invest in bitcoin, if what is entrusted is an exchange then that is a big mistake because after all we don't know about the future exchanges there might be a lot of collapses because of the uncertainty.

Actually this is a good plan where he has thought about children in the future while we always believe that in the next decades bitcoin will be even higher because of limited supply and also a lot of demand because the community is large, I have to think about this as early as possible how there must be investment savings in bitcoin for my child later.

Although I'm still building my bitcoin portfolio on a regular basis I will have to differentiate bitcoins for me later.

[QueenVera]

Few days back, I came across a post encouraging people to use the money well wishers gives to newly born babies and mothers as a gift  to invest in bitcoin for the baby,  then I was pregnant, just delivered 3rd of march. My baby and I has made up to $50 if converted just 10days after giving birth.  I am definitely going to use the money to invest in bitcoin this year for my baby so that in the next 18 years my baby will be proud of the decision I took for him.

Congratulations to you and for bringing this awesome baby into this world. As a parent the best way we can secure the future of our children is by investing in their future and what better way to do that than investing in something that's built for the future. Soon everything will be digitalized as it's already happening and then Bitcoin will dominate.
You have done well to keep aside money to invest in Bitcoin for your kids, you should keep doing that very often, you can decide tu do that as a birthday present every year untill the baby is 18 then you can handover the private keys to your child and let him continue investing for his future. By the. You should have already taught the baby everything about Bitcoin.
Bitcoin is the perfect gift as you don't have to fill in paper works to handover your child investment instead just a random  pieces of worlds called private key can be used to access the coins on any device in the house.

[Victorybit1]

 congratulations to your new baby and for your wise decision to invest the sum of $50 in the name of your baby. I would not mind to know the name of your baby maybe I can donate some token for the baby to help increase the savings for the future. I am always glad when I see people with Passion to invest and promote Bitcoin. Your baby would be proud of you so you just have to relax and make the best decision for your baby now that the price if Bitcoin is till low and quite affordable. Who knows what the price of Bitcoin would be from now till the next 10 years.
[/quote] Aww! That's so thoughtful of you. I really appreciate this gesture.  His name is Zeal. Would love to drop the wallet address but don't know if it's against the forum rules. Please pardon me as I drop my wallet address :
bc1qe9qd4jlpsu0rrvhg39m3nqaxccnxe85enstr4k

Thank you so much

[xSkylarx]

Nice decision. I can't recall the thread but I have read it as well. I haven't done something like this yet, because everything is for my baby whatever I am earning. I am holding a decent cryptocurrency, so they can spend from there. Because I don't intend to sell them right now and even if I sell, I will keep some for the future. Not gonna make my wallet empty anyway. But for those who can't afford to accumulate a big amount of cryptocurrency then better to make savings and invest in crypto. It would be for your baby or for your future.

Great job. Parents should always make the children the top priority above others so investing in bitcoin is certainly a good start for a parent. Not necessarily that you will start with a huge amount, but an initial investment with a minimal amount can do. After all, it’s not the amount that won’t matter in the long run, but most likely it’s your faith on your investment and how you will overcome the risks investing in bitcoin, particularly when some price crash suddenly happen.

It still has a long way to go, so for sure she could add additional bitcoin to it if they have extra money. It can accumulate overtime and you won't notice it. It is also best if you have like 1% of your salary intended for bitcoin so that five years from now you can accumulate a lot and it can help you. Treat it also as an emergency savings, as in case of emergency you can use it. Others who hold are still doing this for emergencies and as an investment.

[BALIK]

Nice decision. I can't recall the thread but I have read it as well. I haven't done something like this yet, because everything is for my baby whatever I am earning. I am holding a decent cryptocurrency, so they can spend from there. Because I don't intend to sell them right now and even if I sell, I will keep some for the future. Not gonna make my wallet empty anyway. But for those who can't afford to accumulate a big amount of cryptocurrency then better to make savings and invest in crypto. It would be for your baby or for your future.

Great job. Parents should always make the children the top priority above others so investing in bitcoin is certainly a good start for a parent. Not necessarily that you will start with a huge amount, but an initial investment with a minimal amount can do. After all, it’s not the amount that won’t matter in the long run, but most likely it’s your faith on your investment and how you will overcome the risks investing in bitcoin, particularly when some price crash suddenly happen.

It still has a long way to go, so for sure she could add additional bitcoin to it if they have extra money. It can accumulate overtime and you won't notice it. It is also best if you have like 1% of your salary intended for bitcoin so that five years from now you can accumulate a lot and it can help you. Treat it also as an emergency savings, as in case of emergency you can use it. Others who hold are still doing this for emergencies and as an investment.

Using 1% of our salary to invest in bitcoin for our children's future is a very good idea, but I would disagree if considering that investment for emergencies. Because we all know that bitcoin is highly volatile and the future is still a question mark, it is inappropriate to use it for emergencies. What if 5 years or 10 years later, bitcoin crashes and our investment drops? It can't help us deal with emergencies. Investment and saving should be distinguished into two different categories.

[Merit.s]

Smiles..congratulations to you on your safe delivery. I am happy to see that you keyed into the advised of investing for your  newly born baby in order to secure her future. The way we are looking at banks,they are insecure places to keep our money and bitcoin is stealing the banks customers due to their incapacity to safeguard customers funds. We can't predict what the future has for bitcoin but since you will be holding for 18yrs,it is a good initiative. It is easy said than done and I hope, you wouldn't get too excited when bitcoin price hits ATH and sell,or when bitcoin dumps lower than the amount you invested that you will not panic and sell.