Of course, creating a wallet for children and following DCA Bitcoin in the long run will be a wonderful gift to give to your children when they reach young age and start creating their own projects. They will have good capital by then.
Personally, I find this strategy much better compared to a mutual fund, at least you know that the wallet is constantly growing and the price of Bitcoin will have risen many times by that time, in addition, of course, as we know that fiat loses its value in the long run, while Bitcoin is a store of value.
Topic: Bitcoin as a Replacement for a College Savings Plan - page 3. (Read 387 times)
Firstly it sound absurd that some institutions or companies according to you is planing to scrap out college degree, I think that's completely impossible and would lead to incompetent hands on very important aspects of the society, imagine being treated by a nurse without degree or your beloved drink company employing no college degree biochemist?
Some companies rather hire employees with no college degree because they can teach them every thing from zero as they wish. If you do college you will have a more structured and developed brain which companies rather develop and structure themselves to their own liking.I doubt this applies for domains like medicine. That would be utterly stupid. To say the least.
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Not the best idea in my opinion to take Bitcoin as a granted investment for future plans. While in my opinion it will grow like never before in the next few years, this is not a guarantee and is a very high risk compared to other plans for savings.
I can't agree with you here bud. I first off don't think that college educations are becoming way less important. At least in my line of work (finance) there is still a college degree requirement. This goes for a lot of my friends in their random places of work. A 529 plan has it's restrictions, or downfalls, but it's a lot less volatile (typically) than bitcoin is, so as an advisor I could not recommend someone replacing their 529 with a bitcoin investment. Too risky.
true! I don't know if we are trying to be boomers or what. I honestly belong to a younger generation, but I don't think that disregarding a college degree is the right thing to do. Maybe not all people have the right or capability to attain a college degree or to attend college, but still, it is not an excuse to let yourself not be a college degree holder, as it's still important to have something to be proud of. I'm not against bitcoin investment, but it's not always a smart move for everyone. Not all people have the same fate and destiny, so everyone should always prioritise having a college degree first, then the investment to be followed, or during study days. I started investing in bitcoin while studying in college, but I don't use any of my college savings because education is important to me. 
With how the world is currently evolving, seems they have grudges for the poor masses not being able to be employed after making out with a normal college degree, knowing fully well the expenses taken care of when trying to bag a college degree.
Taken it up PHD level can stir many into finding way of baging the PHD.
If you have enough funds during your college to begin your investment mostly in Bitcoin then it becomes cool as you will make enough profits before the time when the money will be needed.
Taken it up PHD level can stir many into finding way of baging the PHD.
If you have enough funds during your college to begin your investment mostly in Bitcoin then it becomes cool as you will make enough profits before the time when the money will be needed.
I can't agree with you here bud. I first off don't think that college educations are becoming way less important. At least in my line of work (finance) there is still a college degree requirement. This goes for a lot of my friends in their random places of work. A 529 plan has it's restrictions, or downfalls, but it's a lot less volatile (typically) than bitcoin is, so as an advisor I could not recommend someone replacing their 529 with a bitcoin investment. Too risky.
Exactly, this is a risky play even if you will invest your college fund in non bitcoin-related investments. All investment comes with a risk.So for me, if you afford to lose your college fund, then go invest it. Just don't risk anything that will make you suffer in the future.
Just to remind you, Bitcoin is extremely volatile!
That sounds cool but what you're saying is that college won't be needed anymore in the future so why still save with it? Before, we've got our retirement plans and funds and this time someone's college savings plan. I think it won't be a problem if it's going to be me that will take this risk. But as you take this risk and do it for someone, that's the hard part of it. We can easily take all of these risks and let them get along in the future handing over them this money. And with this plan, it is just all about the uncertainty. Yes, we're all Bitcoin investors and optimists about its future but this is someone's future not ours.
When it comes to mutual funds, I would prefer to save Bitcoin or other cryptocurrencies like Ethereum, Ada, Bnb, Matic, or Sol if I will only hold the money for 10–15 years. Chances are even higher that the value of those will be big after those years.
There is the same risk in mutual funds and digital currency, right? At least with Bitcoin or cryptocurrency, we are still in control of our money compared to mutual funds; this is what I see as an advantage literally in the world we live in in this field industry.
There is the same risk in mutual funds and digital currency, right? At least with Bitcoin or cryptocurrency, we are still in control of our money compared to mutual funds; this is what I see as an advantage literally in the world we live in in this field industry.
I can't agree with you here bud. I first off don't think that college educations are becoming way less important. At least in my line of work (finance) there is still a college degree requirement. This goes for a lot of my friends in their random places of work. A 529 plan has it's restrictions, or downfalls, but it's a lot less volatile (typically) than bitcoin is, so as an advisor I could not recommend someone replacing their 529 with a bitcoin investment. Too risky.
At this rate, I am seeing that now most corporate companies plan to remove the college degree requirement for jobs, which will transform the college education long term, and its looking like it won't even be needed unless you're going to be a PhD or a Lawyer etc etc.
The traditional mutual fund / 529 plan isn't really needed anymore if college isn't going to be a requirement, but now I am more so just thinking of a life savings plan is a much better and more flexible option. Maybe just set them each up a wallet and load x amount each making quarterly contributions. By the time they are old enough surely they would have more money in that account anyways compared to the mutual fund, right?
The traditional mutual fund / 529 plan isn't really needed anymore if college isn't going to be a requirement, but now I am more so just thinking of a life savings plan is a much better and more flexible option. Maybe just set them each up a wallet and load x amount each making quarterly contributions. By the time they are old enough surely they would have more money in that account anyways compared to the mutual fund, right?
The reason behind this was the graduation standard was reducing in the current situation.The people do the graduation for the time sake,if you ask the engineer about the engineering subject means.He can’t able to answer for the same,this was the prime reason for the graduation requirement is not needed by the corporate industry.And many people discontinue their education because of the financial difficulties.Now cryptocurrencies reduce the financial difficulty of the students by giving some job to their college fee.Now the students also doing the trading by side to their education.The parents also use the forum to earn money for their children college fees along with their regular income.
I guess at this point, if college is a no-go for most people, the funds that they could have used to that route could be diverted to them learning skills or trades that will further their careers. While a degree may not always be necessary to apply for jobs in the future, some classes are still needed in order to 'formally' learn the techniques of a certain skill. This pushes your skill level a bit which makes you hireable than the others, and it wouldn't happen if you haven't taken those classes.
Keeping some bitcoin funds is a good way to potentially secure your future. Then again, it is not free from volatility and crashes so you shouldn't bet your 100% to it. At least, diversify your savings and keep a bulk of bitcoin if that's how you want to play your game.
Keeping some bitcoin funds is a good way to potentially secure your future. Then again, it is not free from volatility and crashes so you shouldn't bet your 100% to it. At least, diversify your savings and keep a bulk of bitcoin if that's how you want to play your game.
At this rate, I am seeing that now most corporate companies plan to remove the college degree requirement for jobs, which will transform the college education long term, and its looking like it won't even be needed unless you're going to be a PhD or a Lawyer etc etc.
The traditional mutual fund / 529 plan isn't really needed anymore if college isn't going to be a requirement, but now I am more so just thinking of a life savings plan is a much better and more flexible option. Maybe just set them each up a wallet and load x amount each making quarterly contributions. By the time they are old enough surely they would have more money in that account anyways compared to the mutual fund, right?
The volatility of Bitcoin is an opportunity but at the same time, you're unknown if you'll be able to take it. What if it is not Bitcoin that you're going to load with that plan but your profits from it. With that, you're not going to worry with the volatile that the market will cause. The traditional mutual fund / 529 plan isn't really needed anymore if college isn't going to be a requirement, but now I am more so just thinking of a life savings plan is a much better and more flexible option. Maybe just set them each up a wallet and load x amount each making quarterly contributions. By the time they are old enough surely they would have more money in that account anyways compared to the mutual fund, right?
And at the same time, you have an assurance that you are doing it correctly and that's what will give you the peace of mind that someday the value of it might just be the same, a lil higher or bit lower.
Here the problem is that you are gambling with the College savings, and that is not a wise move at all because if the markets crash on the long run you will not recover the reinvestment. I would recommend to consider investing in another source of income or other money than the one supposed for college.
The question here is, will bitcoin hit the ATH before you have to play the College, if the answer is ye, then it was a wise move.
The question here is, will bitcoin hit the ATH before you have to play the College, if the answer is ye, then it was a wise move.
At this rate, I am seeing that now most corporate companies plan to remove the college degree requirement for jobs, which will transform the college education long term, and its looking like it won't even be needed unless you're going to be a PhD or a Lawyer etc etc.
The traditional mutual fund / 529 plan isn't really needed anymore if college isn't going to be a requirement, but now I am more so just thinking of a life savings plan is a much better and more flexible option. Maybe just set them each up a wallet and load x amount each making quarterly contributions. By the time they are old enough surely they would have more money in that account anyways compared to the mutual fund, right?
The traditional mutual fund / 529 plan isn't really needed anymore if college isn't going to be a requirement, but now I am more so just thinking of a life savings plan is a much better and more flexible option. Maybe just set them each up a wallet and load x amount each making quarterly contributions. By the time they are old enough surely they would have more money in that account anyways compared to the mutual fund, right?
I don't think that we can compare them, but the best that we can do is to have a new option like bitcoin. And as the saying goes, Be your Own Bank, but there are also risk involved here. So before someone can really set it up as saving plan, individual should learn what wallet to use and how to practice safety hygiene. As compare to having a traditional mutual fund, you don't need to worry with the setup.
So it's doable in my opinion, but there are pros/cons for having it your way.
At this rate, I am seeing that now most corporate companies plan to remove the college degree requirement for jobs, which will transform the college education long term, and its looking like it won't even be needed unless you're going to be a PhD or a Lawyer etc etc.
The traditional mutual fund / 529 plan isn't really needed anymore if college isn't going to be a requirement, but now I am more so just thinking of a life savings plan is a much better and more flexible option. Maybe just set them each up a wallet and load x amount each making quarterly contributions. By the time they are old enough surely they would have more money in that account anyways compared to the mutual fund, right?
You can always invest in bitcoin as much as you want provided that you know the risk that is attached to bitcoin investing, but I have this hesitation if college degree will be definitely removed as a basic requirement when applying for a job. I guess that remains an illusion, as there's no way that college degree will not be relevant anymore. Although I have this realization that skills and experience are much needed for a company to hire you more than your educational attainment. But we should also learn to consider that critical thinking and problem solving solutions are mostly developed having a college degree, that's why it's still essential for companies to require college degree holders.The traditional mutual fund / 529 plan isn't really needed anymore if college isn't going to be a requirement, but now I am more so just thinking of a life savings plan is a much better and more flexible option. Maybe just set them each up a wallet and load x amount each making quarterly contributions. By the time they are old enough surely they would have more money in that account anyways compared to the mutual fund, right?
However, I have no against with bitcoin savings, but I still think that traditional mutual fund will not be easily replaced or eradicate. But you can chose to save in both without compromising one another.
If we are to look at the way things are moving based on how some companies threaten the best graduating students and how they threaten some high scholars compared to the value that has been attached to it over the years, you will definitely see going to college as a waste of energy and resources.
If the money that is to be spent on acquiring those college degrees could be put into other things, I guess it might be beneficial to some more, then the education will be for them, but still, even if those companies don't take one and offer them a job, the knowledge that is gotten from the school is not wasted at all.
Society is changing; we just have to adapt to it. These days, most people prefer to employ skilled workers who are only being trained through training over those who went to college and gained degrees in those fields.
If one thinks that the money can be put to better use than using it for college, then we can divert those funds into something else, or better yet, one can save up for a higher degree, which is needed in the companies out there.
If the money that is to be spent on acquiring those college degrees could be put into other things, I guess it might be beneficial to some more, then the education will be for them, but still, even if those companies don't take one and offer them a job, the knowledge that is gotten from the school is not wasted at all.
Society is changing; we just have to adapt to it. These days, most people prefer to employ skilled workers who are only being trained through training over those who went to college and gained degrees in those fields.
If one thinks that the money can be put to better use than using it for college, then we can divert those funds into something else, or better yet, one can save up for a higher degree, which is needed in the companies out there.
Even now I will recommend that more people learn hands on skills rather than picking a discipline they mostly have no real interest in.
Some people wait to finish school first before they consider a skill to learn. It is good but it would have been better to learn the skill early. It can also happen sometimes that the course that people apply for to study are not what they get to study in the school of their choice so rather than just accepting any course of study offered to you by the school of your choice, you can devote that time and the money that you will spend paying tuition for a course you have no interest in, into investing in learning a skill that really interest you. Skills are paying more now. Skills can raise enough money for you that you have enough to invest in bitcoins with.
If a college savings plan loses its relevance die to a reduced necessity to get a college degree, it will make some sense to replace that degree with a skill that has practical relevance in the society. Even now I will recommend that more people learn hands on skills rather than picking a discipline they mostly have no real interest in.
Bitcoin will only come into this discussion if after learning a skill or two one has some capital left over to put into an investment of their choice.
Bitcoin will only come into this discussion if after learning a skill or two one has some capital left over to put into an investment of their choice.
At this rate, I am seeing that now most corporate companies plan to remove the college degree requirement for jobs, which will transform the college education long term, and its looking like it won't even be needed unless you're going to be a PhD or a Lawyer etc etc.
It would be a good idea if most companies had plans to remove the requirement of a bachelor's degree as a requirement for a job, unfortunately in my country in most places, a bachelor's degree is still a specific requirement for employment.A bachelor's degree should not be a special requirement when applying for a job because the benchmark for a person's ability to work is not a degree but a person's strengths in mastering scientific disciplines.
In other places, a bachelor's degree or a degree higher than a bachelor's degree is no longer reserved for job applications because the need for work will be tested based on the ability to master the desired field.
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The traditional mutual fund / 529 plan isn't really needed anymore if college isn't going to be a requirement, but now I am more so just thinking of a life savings plan is a much better and more flexible option. Maybe just set them each up a wallet and load x amount each making quarterly contributions. By the time they are old enough surely they would have more money in that account anyways compared to the mutual fund, right?
If you just need sufficient finances, this is a very flexible option. 
Whether university is necessary or not is going to be different for each person. My advice is to get the best education you can afford. It will benefit you in the long run.
As for mutual fund vs. 529 vs. life savings vs. bitcoin, it all depends on your plans and your risk tolerance.
A 529 plan is a way to save for future education. It is an excellent vehicle for saving for future education because the gains are tax-free. On the other hand, your investment choices are restricted. Also, its use is not restricted to only paying for university tuition. It can used for other expenses and it also be used for K-12, and certain trade or vocational schools.
I think it is a mistake to assume that the price of a bitcoin will continue to rise at a rapid rate. Bitcoin may be a very good long term investment and better than other investments, but there is still a lot of risk. And while high risk/high reward assets may be appropriate for long term investment, investing only in Bitcoin is a mistake in my opinion.
As for mutual fund vs. 529 vs. life savings vs. bitcoin, it all depends on your plans and your risk tolerance.
A 529 plan is a way to save for future education. It is an excellent vehicle for saving for future education because the gains are tax-free. On the other hand, your investment choices are restricted. Also, its use is not restricted to only paying for university tuition. It can used for other expenses and it also be used for K-12, and certain trade or vocational schools.
I think it is a mistake to assume that the price of a bitcoin will continue to rise at a rapid rate. Bitcoin may be a very good long term investment and better than other investments, but there is still a lot of risk. And while high risk/high reward assets may be appropriate for long term investment, investing only in Bitcoin is a mistake in my opinion.
I guess if time comes that college degree will not be a requirement anymore, then most likely young kids will never be motivated anymore to study hard so they can reach their college days. So I think that's more of a disadvantage on part of the students and those institutions that offer higher education.
However, bitcoin is a good option for savings because its value appreciates every now and then. But I don't think one should only focus on bitcoin savings but should also consider saving in fiat as most of the necessities these days are still paid in fiat. Let's say let's put 60% on bitcoin and 40% in fiat, or 70% bitcoin and 30% fiat, depends on where you feel most convenient to save. College expenses are definitely expensive, so one should even save prior to that. Even if college degree will be removed, I still see advantage saving bitcoin even before college.
However, bitcoin is a good option for savings because its value appreciates every now and then. But I don't think one should only focus on bitcoin savings but should also consider saving in fiat as most of the necessities these days are still paid in fiat. Let's say let's put 60% on bitcoin and 40% in fiat, or 70% bitcoin and 30% fiat, depends on where you feel most convenient to save. College expenses are definitely expensive, so one should even save prior to that. Even if college degree will be removed, I still see advantage saving bitcoin even before college.
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