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Author Topic: Early bitcoin investment for my baby  (Read 899 times)
Franctoshi
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March 20, 2023, 08:19:10 AM
 #121

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.

Obviously this part to me will be interesting to know too , because the issues here is not just buying Bitcoin and keeping it from now to 18 years to come the security of it is paramount. Also I do believe that the Op is very much aware or has gotten some Bitcoin education to have taken this decision, The crypto space is not just about doing what other people are doing, it a matter of you understanding what you are doing and what Bitcoin is all about for you to take those decisions.
I commend the Op about the long term decision and view about Bitcoin, it really the best way to start with, and with that the Op would have no worries about the bull and bear market along the line, basically wether the price goes up today or down tomorrow until the child is 18 years.

 
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March 20, 2023, 10:00:24 AM
 #122

Obviously this part to me will be interesting to know too , because the issues here is not just buying Bitcoin and keeping it from now to 18 years to come the security of it is paramount. Also I do believe that the Op is very much aware or has gotten some Bitcoin education to have taken this decision, The crypto space is not just about doing what other people are doing, it a matter of you understanding what you are doing and what Bitcoin is all about for you to take those decisions.
I commend the Op about the long term decision and view about Bitcoin, it really the best way to start with, and with that the Op would have no worries about the bull and bear market along the line, basically wether the price goes up today or down tomorrow until the child is 18 years.
How reasonable is it to buy bitcoin in a bull market, I understand that it is easier to do it now when the price is still near the bottom, but if the price reaches 100k or even more in a bull market, do you think it would be just as reasonable to buy?

After all, after a bull market, a bear market will come again and will again last for several years, since on average we grow for one year and fall for 3-4 years. Maybe it would be wiser to put aside savings during the bull market, and buy on the next down cycle?

R


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March 20, 2023, 10:52:00 PM
 #123

If I have money today and have like for babies or children I really like to invest for them in different wallet so that when they grow they all have their own portfolio so I believe that investment of bitcoin to your children will be a relief because bitcoin always have another prize in NY so if I should buy bitcoin of $10 this year and hold it t2030 from my side there will be a lot of profit so is good to invest for your children

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March 21, 2023, 02:05:56 AM
 #124

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.

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



If you invest bitcoins now for your baby then it is going to be very profitable for you. Because in my country I kept money in bank for my baby but after seeing some people's post I withdraw money from my bank and save bitcoins my baby is now.  Six years. Hopefully when my child turns 18 he realizes that I'm going to hand him the bitcoin wallet. Hopefully he'll be happy and he can build his life with that money.

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March 21, 2023, 03:47:21 AM
 #125

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.


I am happy for you, your baby, and your decision to save the money in bitcoin for your child's future. You have invested 50$ but that is not going to be enough no matter how high bitcoin reaches in about 10 or 20 years from now. However, it will be better if you convert some of your savings into bitcoin on monthly basis. Even if you allocate a few dollars monthly, it will end up with a good amount in over 10 years or more.

Bitcoin is the future global currency and now it is the time that we understand this and start accumulating for long term and for our children near and dear ones.

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March 21, 2023, 04:01:08 AM
 #126

Congratulations on your delivery mate, your bundle of joy is blessed always
Plus, very nice decision you've taken if you're able to hodl your baby's coin for him, he'll be so grateful to you.
You have to lock it up though and determine never to go there no matter the crisis you tend to face

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March 21, 2023, 04:47:51 AM
 #127

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.
Original Poster better to giving evidence that she really bought / signature proved that she owned some amount of bitcoin as she talked about instead of giving photo of her baby in public area, but at least her gave some blur on the face of the baby. so we can make sure that her story is true.

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.
you said that just 10 days after giving birth you made up to $50 it means that you bought almost 1 bitcoin for giving birth to your baby? because the price of bitcoin was about $22.273 on 3rd of March. then the price of bitcoin was about $22.620 on 13th of March. it means if you got increase its value up to $50 you almost owned 1 bitcoin.

Bitcoin pricw on 3rd of march


Bitcoin Price on 13th of March


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March 21, 2023, 05:57:01 AM
 #128

what made me curious is how you and your baby accumulate 50$? by giving birth? sorry i think i missed something about that.

But I can relate on you here because in 2019? i also invested the funds given to my daughter by her grandparents and Godparents to invest in Bitcoin for her own money in the future(things that we will told her once she reached 18)

congratulations for giving birth and thanks God you and your baby are safe .

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March 21, 2023, 04:27:07 PM
 #129

what made me curious is how you and your baby accumulate 50$? by giving birth? sorry i think i missed something about that.

But I can relate on you here because in 2019? i also invested the funds given to my daughter by her grandparents and Godparents to invest in Bitcoin for her own money in the future(things that we will told her once she reached 18)

congratulations for giving birth and thanks God you and your baby are safe .
What I meant by my baby and I have made up to $50 is the money well wishers, friends or neighbors gave us as a gift for safe delivery.

Thank you for your kind wishes.

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March 21, 2023, 04:33:56 PM
 #130

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.

Obviously this part to me will be interesting to know too , because the issues here is not just buying Bitcoin and keeping it from now to 18 years to come the security of it is paramount. Also I do believe that the Op is very much aware or has gotten some Bitcoin education to have taken this decision, The crypto space is not just about doing what other people are doing, it a matter of you understanding what you are doing and what Bitcoin is all about for you to take those decisions.
I commend the Op about the long term decision and view about Bitcoin, it really the best way to start with, and with that the Op would have no worries about the bull and bear market along the line, basically wether the price goes up today or down tomorrow until the child is 18 years.
As for me, I do however believe that the OP has thought well in investing in Bitcoin for her New Baby and I know Hodling for the long term is the goal but I would want to sell off during the ATH and buy back when the market hit around bottom again, that way she is able to double or even quadruple the investment along the market circle. Just a thought.
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March 21, 2023, 04:41:54 PM
 #131

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.

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.🥰

I read your complete story. The thought you have for your child is the thought every parent thinks for their child. No father wants me when his child grows up, he spends a lot of time in trouble. Every parent must think and do something in advance to develop his child as a human being. But you have found a good medium for your child's future. By working from here you can definitely raise money for your child. Hope your child's bright future is fulfilled.

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March 22, 2023, 01:49:43 AM
 #132

That's not a bad idea to be honest. You could invest $10 every week, and that would be around $40 every month. After 18 years, you will be investing a total of $10,000. Bitcoin and other crypto currencies in the long run will always go up. So in 18 years, who knows, you might be leaving a fortune for your kid. And yeah, he will be proud of you. But keep in mind that you should only invest what you can afford to lose. And make sure you store your Bitcoin safely and securely. Don't forget to make backups of your wallet in case you lose it!

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