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Topic: Early bitcoin investment for my baby - page 7. (Read 837 times)

full member
Activity: 1512
Merit: 115
March 14, 2023, 12:22:33 PM
#12
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.
commercial banks encourage people to save for their children until they are of age to handle the account why can't we do same for bitcoin. This is not a bad idea if I must say.
It is not a bad idea at all however I believe you have the intention to continue to add to it from time to time as I don't think a $50 bitcoin investment might really be that life-changing investment then. Bitcoin has turned out to be a good form of investment for a long at least looking at the past decade's history of Bitcoins price but it is usually the resilience people have that can make that happen the road to the top isn't that smooth. Congratulations by the way.
sr. member
Activity: 1512
Merit: 397
dice9.win/ - Simple, fast and provably fair
March 14, 2023, 11:58:14 AM
#11
Congratulations on your cute and very sweet baby.  It's great that your baby has BTC as his first investment.  I advise your Baby to hold the BTC for a very, very long time Cheesy.  Unlike me who has no patience.  I think your baby has the patience to hold BTC until he is 18 years old Cheesy.  But whatever it is safe for your baby and congratulations you have taught your baby to invest since childhood.  Hopefully he prefers to investing rather than saving heheh...
full member
Activity: 303
Merit: 136
Defend Bitcoin and its PoW: bitcoincleanup.com
March 14, 2023, 11:56:15 AM
#10
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.

This amount looks like a good start to me and it doesn’t necessarily needs to be a big amount before they start. She could increase the amount as child gets more funds either through birthdays gifts or others. With this amount it might be easy to hodl on to those years without panic
full member
Activity: 518
Merit: 156
March 14, 2023, 11:46:22 AM
#9
You have a nice investment plan, but can you keep up with the timeframe. 18 years is a long time, to maintain an investment plan because many factors can come into play during this period which you need to take cognisance of.
member
Activity: 155
Merit: 79
March 14, 2023, 11:43:21 AM
#8
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.
commercial banks encourage people to save for their children until they are of age to handle the account why can't we do same for bitcoin. This is not a bad idea if I must say.
legendary
Activity: 1750
Merit: 1094
Assalamu Alekum
March 14, 2023, 11:25:56 AM
#7

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 have enough knowledge and faith in bitcoin, nothing is too difficult to do. 18 years is a very long time, but if you are determined, you can do it, it's like saving for our children's future.



If you want to invest in bitcoins for your child, you need to be invest a huge amount and not crumb by crumb.

Why is it necessary to have large amounts of money in the first place to invest in bitcoin when we can accumulate over time? Accumulation is like saving, every time we have lazy money, we will buy bitcoin, and if we maintain it until 18 years later, it will be a huge amount of money.

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.
Even if you don't have any bitcoin savings for your kids for the future, when they're old enough, you should teach them about bitcoin because that's the future.
sr. member
Activity: 1204
Merit: 466
Instant cryptocurrency exchange with own reserves!
March 14, 2023, 11:02:40 AM
#6
Few days back, I came across a post encouraging people t.......
Many Many congratulations sis. may your son live a long, healthy, wealthy, and happy life. I hope your decisions for him will come to a successful end. like in the future your son will be proud of the decisions that you made for him. And you also gave me the idea to give gifts to new parents. But it has its drawbacks like most of the people in my society does not aware of the potential of BTC and if I give them this gift they will going to forget about the wallet.

Overall, many many happy returns of this beautiful day. and I must say if you could, add more BTC to his portfolio like do proper DCA and observe the market to take better entry but overall you are holding for the long term so I can say 1k up or down dows not make that much difference if the amount is not that much.

I think it is not necessary to display a photo of your baby in full because this
well, salad I don't think showing a photo of a child could cause him trouble because he is a child and nobody know what how will it looks like after 18 years because he will be changed a lot. So overall, your concerns are no doubt in the favor of this child and I appreciate your honest concerns about privacy even for a newborn baby.
hero member
Activity: 672
Merit: 557
March 14, 2023, 10:46:50 AM
#5
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.
legendary
Activity: 2688
Merit: 1208
Once a man, twice a child!
March 14, 2023, 10:15:22 AM
#4
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.
Congrats on the safe delivery of your baby. I know how that experience changes anyone's conception and view on life, especially if it's a first baby. You know, the one that changes one's status from wife/husband or woman/man to mother/father 🤪

My baby and I has made up to $50 if converted just 10days after giving birth. 
That's an appreciable amount of money in my part of the world. It shows you do have givers around you. Your idea of putting that money down in Bitcoin as savings is really a noble one. There's no better time to do that than now that price is about picking up to embrace a new ATH. However, my skepticism is on the duration you said you would hodl it in wait for your new born. 18 years isn't tomorrow or a year after. This is easier said than done but we all know how life doesn't play fair, given that loss, theft and misappropriation could happen within the period. All the same, I wish your plan comes through.
sr. member
Activity: 1428
Merit: 344
March 14, 2023, 09:48:54 AM
#3
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.
hero member
Activity: 1624
Merit: 791
Bitcoin To The Moon 📈📈📈
March 14, 2023, 09:45:03 AM
#2
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.
member
Activity: 155
Merit: 79
March 14, 2023, 09:22:57 AM
#1
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


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