Topic: Early bitcoin investment for my baby - page 6. (Read 910 times)
Congratulations on your new baby. You've taken a risk that not everyone will be willing to take given the risks involved. That should not deter you from investing for the baby; you've taken the right step, and with a thorough understanding of the market, you'll profit handsomely. I hope you keep it for as long as you said you would and don't try to take money out of it for any unexpected expenses. Rather, find another source of income to supplement for you and the baby's daily needs, and I wish you a prosperous holding.
You took a well-decisive step to save up your baby's future with bitcoin. I applaud you for it because you hold the conviction that any money put into bitcoin would never be lost. A $50 investment in bitcoin now might be worth millions of dollars in 18 years (that's what distinguishes bitcoin from other investments).
My 2cent advice to you is that keep your private keys secure while hodling $50 worth of bitcoin for your baby over the course of 18 years. Also, don't forget that you invested that money in bitcoin for your baby when you gave birth to him
My 2cent advice to you is that keep your private keys secure while hodling $50 worth of bitcoin for your baby over the course of 18 years. Also, don't forget that you invested that money in bitcoin for your baby when you gave birth to him
Congratulations on the birth of your little one. You are a great parent & your baby is very lucky to have a caring, responsible parent. Planning for your child's future should make you proud, you are doing it all for them. I tip my hat to you.
Try to keep adding to the money you have converted to bitcoin. We all know that in 18 years bitcoin will be worth a lot more than it is now. You are doing the right thing, well done.
I just wish more people did that for themselves as well. We all know that if you have a baby and start putting in money into bitcoin until they are 18, by the time they are 18 that money will worth a ton of value and you would have a very rich kid, you would be doing something amazing for the kid and you need to never cash that out of course, and there is a goal, 18 years old, when they are a grown up basically and can run on their own feet.Try to keep adding to the money you have converted to bitcoin. We all know that in 18 years bitcoin will be worth a lot more than it is now. You are doing the right thing, well done.
However, when it comes to saving money for 18 years just for yourself, for your retirement and old age, not many people do it and I do not have any clue why they do not do it. I think they should be able to do that as well and they are missing a chance.
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.🥰
Good 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.🥰
But of course, you shouldn't really be putting your outmost trust and confidence on it.As long you arent putting that much or going all in or put all of your savings on Bitcoin form then it should be fine.
It is always been that important that we should really reconsiderate about the risks that being involved when dealing up with crypto.We cant really 100% assure that everything goes
well and fine on upcoming years or future to come.
But still the thing you had done did really make some good step on assuring that you would really be saving up something for your child in the future.
I see you really believe in bitcoin. For me, Buying bitcoin for a new born baby is a good idea. Most people don't know this. Although there are a lot of risk. But i dont think there is a long term risk if the baby will still have access to the bitcoin. Im also gonna make mh kid understand almost everything about bitcoin. Because its necessary for them to know.
I think this is so prudent of you, though it is something that is really expected of responsible parents. If you will, I really suggest investing on a 401k for your baby as well. It compounds consistently and by the time your baby has retired, they are already set for life and they can even pass the wealth down to their kids if they ever decide to bear kids, apart from this teach them how to manage money from a very young age as well. It always helps to actually teach them young rather than bide time and wait just because "it's gonna go across their heads anyway". Teach them young and have them become financially literate and ready, that's one of the best things you can impart to them besides being a really great parent.
Adults can simply buy BTC through a crypto exchange. But when it comes to children, the crypto investing strategy needs to be a bit different.
If someone wants to invest in BTC on behalf of a child, they essentially need to buy coins and gift them to the child. Or they can use a specialized custodial account or buy crypto ETFs in a child’s custodial investment account.
If someone wants to invest in BTC on behalf of a child, they essentially need to buy coins and gift them to the child. Or they can use a specialized custodial account or buy crypto ETFs in a child’s custodial investment account.
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.
Without doing this, I guess it's suicide to hold for so long while trusting all your money to someone else, as we saw previously during the whole year of 2022 with so many big scams happening around and investors losing all their money, including retirements from decades.
Apart from that, OP is also obliged to consider having heirs for his assets or bitcoins because no one ever knows how long they will live.Without doing this, I guess it's suicide to hold for so long while trusting all your money to someone else, as we saw previously during the whole year of 2022 with so many big scams happening around and investors losing all their money, including retirements from decades.
He says the time frame is 18 years, so of course this suggestion would be good suggestion for him to think about even though he knows back up wallet is mandatory. It's not really good to have everything stored on centralized exchange anyway, unless he trades daily. However, because he is planning a long-term investment, of course having a safe wallet is the solution.
The idea of investing in Bitcoin for your baby is not a bad one, but keep in mind that Bitcoin is a volatile crypto asset. You could invest the $50 you have on hand, and if the price falls, your assets will be reduced, and if this happens when you have a pressing need for your baby, you may be forced to sell the Bitcoin for less than your initial capital. You baby is still an infant and likely to get more gifts as he grows. I would urge you to hold on to the money and don't be in a hurry to invest in Bitcoin for your baby since you said you guys are still a week old. Keep saving the money together. If you have enough money to see through the needs of your baby, then you can go ahead and invest.
Nice advice bro but I think this kind of investment is actually locked away because it cannot be the only means of taking care of her baby as the investment is just made to store and not to touch in any circumstance because she will surely have other means of taking care of the actual basic needs of the baby and not selling the save coins because of the situation of the needs of the baby. I think this investment is just an alternative something like a fixed deposit with potentially massive interest in the future because am very sure bitcoin will gain more value before the proposed date of using this investment. But one thing am just I would just advice is that the investment should be sold before the actual 18years plan if the value actually goes up significantly. hero member
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The idea of investing in Bitcoin for your baby is not a bad one, but keep in mind that Bitcoin is a volatile crypto asset. You could invest the $50 you have on hand, and if the price falls, your assets will be reduced, and if this happens when you have a pressing need for your baby, you may be forced to sell the Bitcoin for less than your initial capital. You baby is still an infant and likely to get more gifts as he grows. I would urge you to hold on to the money and don't be in a hurry to invest in Bitcoin for your baby since you said you guys are still a week old. Keep saving the money together. If you have enough money to see through the needs of your baby, then you can go ahead and invest.
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.🥰
Wonderful initiative you have done here but one thing that is certain you have understand is that bitcoin is a volatile currency and since its a plan for holding the btc for a long term is even better because maybe by the time your baby grows up he might have gotten enough save for him by his mum but I will also advice to move the coins to a non custodial wallets since no can predict the future events that might happened to other exchange platform and you wouldn't want to be a victim of what has happened to many people saving their coins elsewhere. 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.🥰
First I congratulate you for the safe delivery my wife whom have gone through that part also had same experience and it wasn't easy for her as well, God so kindly last month we also hard our baby girl. I imagine all the stress during your time of pregnancy and the prayers then was just for safe delivery.
The decision you've took is absolutely the right one and I will advise you to always read around the forum to be up and doing with the latest update concerning wallets, from your post you intend holding for about 18 years so have to be very active on the form of wallet to store your baby's investment.
Goodluck
Padav cares
The decision you've took is absolutely the right one and I will advise you to always read around the forum to be up and doing with the latest update concerning wallets, from your post you intend holding for about 18 years so have to be very active on the form of wallet to store your baby's investment.
Goodluck
Padav cares
Congratulations, Victorybit1. Your baby should be proud of you someday for being a mother who aware of investments. Beside that, at least we have other option too for Miss Bitcointalk award in the next period 
Anyway, I agree with salad daging about the pictures of your baby, since it could be misused by irresponsible people, you know, cruel internet.
Either of its value could be multiplied in next 18 years or in otherwise, it goes worthless, that's completely okay because that's the risk of investment.
Anyway, I agree with salad daging about the pictures of your baby, since it could be misused by irresponsible people, you know, cruel internet.Either of its value could be multiplied in next 18 years or in otherwise, it goes worthless, that's completely okay because that's the risk of investment.
Im so glad I discovered this platform this year, I believe I am going to achieve a lot from this forum
I do too, and look forward to that. You are really a good mother. Good luck, maam. 
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.
Without doing this, I guess it's suicide to hold for so long while trusting all your money to someone else, as we saw previously during the whole year of 2022 with so many big scams happening around and investors losing all their money, including retirements from decades.
Without doing this, I guess it's suicide to hold for so long while trusting all your money to someone else, as we saw previously during the whole year of 2022 with so many big scams happening around and investors losing all their money, including retirements from decades.
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 hi
Will you really be able to Hold the bitcoins for your baby till he/she becomes older? 18years is a long time and a lot of things can happen in that time. If you want to invest in bitcoins for your child, you need to be invest a huge amount and not crumb by crumb. Also before you child come of age, you have to ensure that you have done the part of educating him or her well about what bitcoin really is, so that at the end when you hand them ownership of the bitcoins you have been keeping for them, they will actually know the value and not waste it.You have the authority to invest it anywhere you like. And I think putting it on Bitcoin is one great thing. Just doing the math, 18 years is around 4 4-year cycle. If the price is around $25k when you invest in Bitcoin, assuming that every 4 year BTC price doubles the price of its ATH then by that time when your kid is 18 years old, the amount would increase to $2208 after 18 years I wonder if this is enough to support his life ahead. But it is not bad to gain 4,400%+ in 18 years of holding.
You did great with your thoughts and I hope you implement them but I want to say a big congratulations for safe delivery and I pray you be the best mom for that beautiful angel.
While you plan and hope to save for your child, also do well to educate the child when the time is due and hope you also acquire enough knowledge so as to pass the right knowledge to the child.
Another advice just as other has said Is for you to keep adding the money rather than just hoping that the $50 will approximation just grows though 18yeas a long time but alot can can still happen by then.
While you plan and hope to save for your child, also do well to educate the child when the time is due and hope you also acquire enough knowledge so as to pass the right knowledge to the child.
Another advice just as other has said Is for you to keep adding the money rather than just hoping that the $50 will approximation just grows though 18yeas a long time but alot can can still happen by then.
18 years are so longer time that no one have any idea that what will be the worth after 18 years and your child will be able to do it will or he will have no idea? One important thing for investment in crypto is that visualize about the fact and give details about it to your offsprings so they will understand it and will take it serious so it will become moneymaking for your offsprings.
As we have experience and have seen the individuals getting huge income as a consequence of investment in Bitcoin so it showed that it will be that type of investment in which profit is must but person should involved in groups or any other source which describes the price for the upcoming events.
As we have experience and have seen the individuals getting huge income as a consequence of investment in Bitcoin so it showed that it will be that type of investment in which profit is must but person should involved in groups or any other source which describes the price for the upcoming events.
Congratulations on having a baby, that's amazing! It's a lovely idea to put the money into BTC, IMO, as at least it's likely that it will add up to something while the baby is growing, whereas $50 will only cost less and less until it's of extremely symbolic value or replaced with some other currency altogether. So it's certainly smarter than keeping and saving up money in fiat which is meant to lose value over time and tends to lose even more than expected, whereas Bitcoin tends to grow in value over time, and 18 years is a lot of time, so it might grow very significantly.
Congratulations on the birth of your little one. You are a great parent & your baby is very lucky to have a caring, responsible parent. Planning for your child's future should make you proud, you are doing it all for them. I tip my hat to you.
Try to keep adding to the money you have converted to bitcoin. We all know that in 18 years bitcoin will be worth a lot more than it is now. You are doing the right thing, well done.
Try to keep adding to the money you have converted to bitcoin. We all know that in 18 years bitcoin will be worth a lot more than it is now. You are doing the right thing, well done.
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/2SYMiKW.jpeg
https://i.imgur.com/idnCrjp.jpeg
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/2SYMiKW.jpeg
https://i.imgur.com/idnCrjp.jpeg
Usually in my country people make insurance of the babies, which means that people pay some yearly installments to an insurance company for 10 or 20 years depending upon the package and at the end of the maturity period their amount is returned with a lot of interest on it. People usually opt for these schemes as they want to secure the future of their children.
I think a better option is to invest monthly some amount in bitcoin for your baby and keep on doing it for the next 10 to 20 years. Believe me by the end of this period, you child will achieve financial freedom because we can't imagine the price of bitcoin after the next decade.
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