When your whole life is built around Bitcoin

[avikz]

Many congratulations OP! Being a parent in Today's world is not easy as it comes with many unexpected expenses. So you will have to plan well so that your baby's future is secured.

You have mentioned that you have access to free electricity and a lot of it is being wasted. Why not try mining? When you have a resource for free, try to make the most out of it.

Also periodical investment in Bitcoin is not a bad idea. But I will suggest to diversify your portfolio. Not just Bitcoin, but also include gold and silver into it. In longer term, it will give you a great return.

[Ucy]

Ofcourse, I would be getting him/her used to a life without or with little use of fiat currency, a life of survival in failing world, as a nomad, or in communities where Bitcoin and crypto are widely used for day-to-day transactions.
So, most of my belongings/properties would be mobile or Bitcoin friendly... meaning they will be easy to move around from one distant location to another. We will have most of the things the kid (kids) will need to live a very safe and comfortable life while he/she is moving with us from one place to another to establish or find clean and nice Bitcoin/crypto communities to temporary live in before moving to another one. We'll likely cover thousands of miles in this journey hence the need to be well prepared cannot be overemphasized

[Marykeller]

Congratulations to you. I know the joy you feel inside is unexplainable, and you want to start now, to build the future wealth of your newborn baby through Bitcoin investment.

I know that this idea will be well thought out by you before carrying on because the small investment you made in your baby's name today, will be worth more in the future. All you have to do for your baby is to help him store up the seed phrase of the wallet you create for him so that when he comes of age to understand what Bitcoin is about, you can hand him over the Bitcoin you help him to invest in when he was at a tender age. Maybe by then, Bitcoin would have been worth more than we have it currently. However, just carry on with your plan, because this is a beautiful way to start to store up wealth for our kids at an early stage of their life.

[coupable]

Also periodical investment in Bitcoin is not a bad idea. But I will suggest to diversify your portfolio. Not just Bitcoin, but also include gold and silver into it. In longer term, it will give you a great return.

Bitcoin offers investors the opportunity to enter the medium- to long-term investment space, regardless of their budget. Your advice to diversify the investment portfolio is sound, but investing in the gold and other metals market requires a significant amount of capital, given that their prices are stable and only generate good returns if the investment is large. Furthermore, storing these precious metals is problematic, as you may have to pay to insure them in a vault.
I believe it would be better to diversify your portfolio with cryptocurrencies, as they are easy to store, and their constantly fluctuating price presents significant risks for those dreaming of quick wealth.

[qwertyup23]

What will you do if your whole life is built around Bitcoin and crypto only? And assuming you are from a country where the system isn't that great and you managed to grow with the help of Bitcoin and after few years of trying to bring a child into the world your prayers is finally answered. What do you think you could pass unto your child? From Bitcoin side.

This is certainly possible given the wonders of BTC as an investment mechanism.

I have a few friends who were able to live and provide for their family primarily because of their investment in BTCs. They were able to HODL during 2017 and they sold it as soon as the price reached its ATH a few months ago. Additionally, if you live in a third world country, the proceeds that you earn from signature campaigns alone is relatively better than some jobs that require a college degree.

Congrats to me I now have a month and one week old baby, but this thought can't seem to leave my mind, That thought of what can I pass unto my child as a Bitcoin trader and investor?
Forget about me for a moment and put yourself in my shoe, I am sure there are family men and women on here, what will you plan to do if you are in my shoes right now?

Start it slow- teach your child the basics of money and how to save. Once your child grows and he understands the value of money, you can branch out to different topics, slowly touching upon cryptocurrencies.

It is not a fast process but a slow grind that can mold his/her future to success. I do believe that cryptocurrencies are the future- and our children would benefit and take advantage of that opportunity.

[Catenaccio]

What will you do if your whole life is built around Bitcoin and crypto only? And assuming you are from a country where the system isn't that great and you managed to grow with the help of Bitcoin and after few years of trying to bring a child into the world your prayers is finally answered. What do you think you could pass unto your child? From Bitcoin side.

Children don't want complicated things that if you teach them, they dislike and even can not absorb it.

If you want to teach your children, teach them basics and use things that are their favorite like cartoons, comic books, visual explanations.
https://www.lopp.net/bitcoin-information/bitcoin-explained.html
https://thebitcoinkids.com/product/bitcoin-kids-comic-book-regular-copy

I saw you had a topic about it through Google search result when I searched with "bitcoin comic books to teach children".

Kids and Bitcoin.

[moneystery]

congratulations on the birth of your child. may you and your family always be given happiness and blessings with the presence of this child.

and regarding what you asked, what can we pass on to our son about bitcoin? if i personally i will teach him many things about bitcoin, starting from what bitcoin is, the technology behind it, what he can achieve with it, what its potential is, and many other things. there are many things that i might tell him about bitcoin from the experience i have gained so far.

and maybe i will set up a bitcoin savings for his future and will give it to him when he is ready. you know that children will grow up fast without you knowing, and if you make a bitcoin savings for him it will really help him later when he grows up. that's what i think is right for you to do to your child... but you are the father and i'm sure that you have thought of the best for your child, but i feel that you also quite agree with what i think.

[Faisal2202]

Forget about me for a moment and put yourself in my shoe, I am sure there are family men and women on here, what will you plan to do if you are in my shoes right now?

Congratulations on having a baby and becoming a father! I hope the future becomes easier for your family, and I am really impressed by your thinking. In my region, very few people have this mindset for their offspring. They don’t want to save for their children, they think about giving them everything, but they don’t really act or make efforts. They just think and plan, and that's why they fail to do so.

I suggest that if you have extra electricity, mining could be a good option if it's legal in your area. It will not only bring more Satoshi for your child but will also bring more knowledge to you. I am very happy for you, bro. May you live a long and happy life

[peter0425]

Forget about me for a moment and put yourself in my shoe, I am sure there are family men and women on here, what will you plan to do if you are in my shoes right now?

You pretty much said the things I would have done.

We work hard in the present for the future of our kids. Saving fiat nowadays does very little for our children. In the future, fiat will be worth less than when we first started saving it. But at least with bitcoin, we know that for a longer period of time the money will grow.

I’d dedicate a wallet for my child now if I could.

[Churchillvv]

Is that Saylor ? 

You can't be all that centered around bitcoin with no other investments in mind, yeah of course bitcoin is much more better investment compared to others.

However, since you have a child diversification should also come in play now, you can go with real estate acquiring something else outside bitcoin and of course still DCA in the child's name, from now till the next 18 - 20 years you would achieve a greater height with that.

Anyways congratulations 🎉 I don't know what it means to be a father  yet

[Awaklara]

Forget about me for a moment and put yourself in my shoe, I am sure there are family men and women on here, what will you plan to do if you are in my shoes right now?

If we think about what we want to pass on to our children, I also want to pass on the Bitcoin I have to them. We can start collecting and storing it in a separate wallet with the aim of saving for our children in the future. But before they are ready to have it, passing on our knowledge and experience related to Bitcoin to our children will also be an interesting story.
We can't force our children to like Bitcoin, but we can give them that knowledge. And when the time comes when they are ready to manage and start to be interested in Bitcoin, they already have a lot of things.

Congratulations to the newborn and your family.

[Salahmu]

What will you do if your whole life is built around Bitcoin and crypto only? And assuming you are from a country where the system isn't that great and you managed to grow with the help of Bitcoin and after few years of trying to bring a child into the world your prayers is finally answered. What do you think you could pass unto your child? From Bitcoin side.

Congrats to me I now have a month and one week old baby, but this thought can't seem to leave my mind, That thought of what can I pass unto my child as a Bitcoin trader and investor?

From all you have said about the country you came from and how you became better and succeeded through Bitcoin, is good to also build your children that way provided they are also pursuing there physical aspiration because destiny are not the same, so however you no what should be okay for him because for you to have achieved from Bitcoin you definitely no the kind of investment you did, so I would say he should follow the footstep you use so that it will not be difficult for him and also you in terms of teaching him but if I were you and the investment I did was Bitcoin holding I will create an account and start funding it , till I hand it over to him.

[Findingnemo]

I have free electricity via solar power with enough juice wasting everyday, maybe I should start mining some BTC in my sons name for his future.

How much electricity are we talking about here? Enough to run Antminer S9? Which requires around 1.3 KW/H means you need to have around 1000Kw/H to run for a month, if you got enough then you can consider investing some to start mining.

But as others said mining is not effective since it is capital intensive so you can start accumulating BTC using DCA so by the time your kid reaches 18 years then I am sure the value of the accumulated bitcoin will be far enough for the needs whether it's for education or to choose which path that he chose to.

[bittraffic]

Congratulations!  Since you have free electricity it would be a good opportunity, if your energy is enough to mine Bitcoin. All you need are the devices and you can already make money thru mining.

As a father myself, I wouldn't want my kid not to know what I do for a living. Its a good opportunity to give your kid a good life with the fortune you are about to have.

[death69]

Bitcoin gave you leverage where your system gave you nothing - no fairness, no protection, just survival mode. You can't "pass down" that knowledge like a family recipe. A father instills this value in his son from right now. Slowly, intentionally, precisely.

Right now, avoid overthink with mining or monthly DCA. It makes sense, right. Even so, your greatest gift is not the coin. Context is more important here. Teach him what fiat does to people. Show him how inflation undermines memory, culture, choice, wealth. And most of all, make him dangerous (of course, not in a violent way) but dangerous in how ungovernable his thinking becomes.

Solar panels is agood. But more importantly: mental energy. Intellectual inheritance. Emotional clarity. Teach him to use money, not to chase it. Help him to learn to lose things without losing himself. By learning about systems and how they exploit, distract, and addict, you can help your child know when to walk away, when to fight, when to hodl.

Start with a wallet. End with wisdom.

[bitzizzix]

This OP story is the same as what I planned and wanted after my child was born and not only that, since my child was in the womb until birth, Bitcoin played a big role in the important needs during my wife's pregnancy until giving birth, and also used Bitcoin to pay for her delivery. And after the child slowly grew up, his needs also increased which resulted in greater expenses and over time the Bitcoin owned slowly if it continues will run out and will think that we are not completely dependent on Bitcoin because Bitcoin will be profitable if we continue to hold it and continue to buy for long-term goals that are more possible for future goals for the benefit of children such as education and so on or as a clear inheritance for children will make more sense. So from all that if we are indeed fanatical about Bitcoin, what we have to think about is income that can meet important needs because having children means greater needs and expenses because we want the best for the family, so Bitcoin will only help us in the long term and cannot help to survive and what can help is only having a job to get a steady income or having a business that can help to meet all important needs including daily needs and also to be able to buy Bitcoin and also for emergency funds. And this is what needs to be thought about, and for the issue of children involved with Bitcoin, this is a long-term process that can be done when the time comes and because what needs to be thought about and planned is indeed the short and medium term. So Bitcoin will not be able to help what we need every day, except in the long term and also sudden needs that occur unexpectedly and which can only be helped by having a job that can generate money to meet everything including Bitcoin.

[Pandorak]

What will you do if your whole life is built around Bitcoin and crypto only?

I will make the best use of the knowledge i have, such as becoming a trader to look for money-making moments, joining the crypto community, to share knowledge and experience, establishing good relationships with investors, looking for ways to build crypto-related businesses.

What do you think you could pass unto your child? From Bitcoin side.

First of all, my priority is to provide knowledge, tell her how the financial system works, try to open her mindset so that she doesn't get trapped by the system. For investment, of course everything i have will be hers, as long as she is capable enough to manage everything well, she deserves it.

[DeathAngel]

Seems like you are a great Father, your kid is very lucky to have somebody who cares so much as you do. Not everybody is so lucky to have such good parents. I don’t think there are any rules you should completely follow. Just buy as much Bitcoin as possible as often as you can with the plan of making his life better & handing it to him when you are old.

[yudi09]

-snip-

Forget about me for a moment and put yourself in my shoe, I am sure there are family men and women on here, what will you plan to do if you are in my shoes right now?

Daily trading can help the economy as long as there is no ambition to pursue more than enough or be called greedy because I understand very well how to make money by trading.

Thank God if you are able to get a good impact in your life because you are involved with Bitcoin and crypto.
My current position is better than yours because I already have children who are in school with the costs I need I can't say here. Maybe now I have prepared what I should for me and them.
If I only hope for a monthly salary from my permanent job, it will not be enough to organize their future.

Congratulations to your little family.

[aoluain]

Maybe I should just get a wallet in his name and start buying small piece on BTC for him every month.

Thats a very prudent thing to do. Thinking about the long term is not something
everyone does when its something we should all be considering. Your son in 20
or so years from noy will thank you immensely and anyone he tells then will be
amazed that you had the foresight to make such a move.

When your whole life is built around Bitcoin

What does that look like I wonder?

Does it mean everything you have has been purchased with Bitcoin, or does
it mean you live life constantly thinking about Bitcoin, or both plus more?