Get Bitcoin Holdings for your child from infant.

Sarah Azhari

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Quote from: ZAINmalik75 on April 13, 2023, 07:18:19 AM

But unfortunately currently a large number of people are not aware of Bitcoin and Thier significants, they have no idea and the most important thing is that large number of counties didn't allow to thier citizens to use Bitcoin,

It's not a problem I think, because people that restricted countries can use Bitcoin for investment purpose, not as payment where the government didn't allow it. In my country, Indonesia (our government didn't allow it as payment) but the citizen can own Bitcoin as an asset investment, So I can do it for my child next, I don't have a problem with it even it's forbidden for payment.

I don't know in Pakistan, is bitcoin allowed for investment?

DiMarxist

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Perfectly said investing bitcoin for your children is a good idea,Investing in bitcoin for our children will give them financial freedom when they turn teenage or adult and
when they need money they will not lack. Let try provide for our children so that they will be financially secure when grow up or when we die. I think it will be good, like investing in bitcoin for the cost of are children's when they grow up. Is a great advance, I have learnt something from this thread the op post. I have not married now, but from today on words I try to invest for my future wife and the future of my children, so that they will not lack anything or suffer like me.

tjtonmoy

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I have to agree that this is a great idea if you want to hodl for a long time. When we have a motive and a goal to reach, we can be more careful about it. Having a plan to work on is the best strategy. People who just buy and hodl without any selective goals rather than profits always tend to sell their hodlings when they see potential profits. Or get panicked in a bear market and sell early. Having a fixed mind can help to control emotions and wait for that moment when it's the right time to take a decision. I really like your idea OP.

ItsCrafty

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Quote from: Merit.s on November 07, 2022, 02:49:19 PM

Some parents the moment they give birth to a child they open a bank account for the child so that every month from their income they put some fraction of money to the child's account. Some money been given to the child during his birthday celebrations and other ceremonies or visit they always put it into the child's account in other to secure the child's future.

The parents always thinks right about their children and your idea is good but in our country bank account can generate only when the child reach to the age of 18, so for infant there will be no opportunity for the creation of bank account.

The idea of bitcoin investment is good one but the children of this era are so impatience and I don't think that when they hear about it they will keep that money save, instead of saving it for lengthy time they will sell bitcoin in bear market. I think that before going to the Age 7 they should give a lesson about bitcoin so whenever they comes in a reality so they will easily understand each and everything about investment in Bitcoin so their decisions will always be right and profitable.

mvdheuvel1983

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First of all, if you can manage risks, if you can endure the market volatility and by all means go for the long term investing. It is one of the best strategies there is.
For the OP you have to keep in mind that if you decide to invest in Bitcoin for your kid, there is actually no solid guarantee that it will yield profit. There's no guarantee that you won't lose your assets.
The thing you must know is that despite Bitcoin being an extent of a hedge against inflation it is still very subject to volatility. You could buy a piece of land for your kid in addition to buying Bitcoin, you can never be too cautious. Besides you will be damn sure that it will pay off in the future. And your kid will thank you for it.

posi

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Quote from: ZAINmalik75 on April 13, 2023, 07:18:19 AM

Not doubt buying Bitcoin at birth time for your child is Fabolous idea for the future of your child, it will give your child a financially freedom. Otherwise your saving in fiat for him will be devalue due to inflation with time.
But unfortunately currently a large number of people are not aware of Bitcoin and Thier significants, they have no idea and the most important thing is that large number of counties didn't allow to thier citizens to use Bitcoin,

I also like this idea, but we also need to keep in mind by saving with fiat, our money will be eaten away by inflation. But bitcoin also has certain risks, there is no guarantee that investing in bitcoin will be 100% profitable and your children will be financially free in the future. We should use bitcoin to save our kids, but we should have an extra backup because the future of bitcoin is still a question mark. I will diversify my child's savings with bitcoin and a small amount of fiat money, for me, prevention is better than cure.

ZAINmalik75

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Not doubt buying Bitcoin at birth time for your child is Fabolous idea for the future of your child, it will give your child a financially freedom. Otherwise your saving in fiat for him will be devalue due to inflation with time.
But unfortunately currently a large number of people are not aware of Bitcoin and Thier significants, they have no idea and the most important thing is that large number of counties didn't allow to thier citizens to use Bitcoin,

soramon

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The suggestion is that investing in Bitcoin for a child's future is a viable long-term strategy for those who struggle with the patience required to invest in Bitcoin for the long haul. To do so, one should start investing in Bitcoin for their child as early as infancy and save regularly for their future. This may enable the child to pursue higher education or start a business by the time they reach their teenage years. However, it's important to recognize that Bitcoin's value is highly volatile and subject to market fluctuations. It is also advised to seek professional advice and diversify investments across different assets to maintain a balanced portfolio. While investing in Bitcoin for a child's future may hold potential benefits, it should be done with caution and informed decision-making.

n0ne

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Investing on bitcoin will give the children the financial freedom when they turn adult and need money. The inflation is a big problem and to overcome such situations it is good to prioritise bitcoin savings for our children. DCA of bitcoin for long term or whenever the price drops itself enough to make the savings reach good value. Also this lets the children to be well associated with the growing technology. In the future when people are talking about it, we holding the same gives us the best feel.

samcoin

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This looks like a good idea, as most people here believe that Bitcoin will grow in market cap and popularity to be as much as gold is, so storing it for years to come could give high ROI that could help a child to pay education expenses and build their own independent lives when they grow up. However, risk management should be applied here, so adding gold and silver to the savings isn't a bad idea too, because the financial system of the world will always be in need of value savers, and if one of them disappeared, the others would rise in result.

AicecreaME

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Very wise decision indeed.

Rather than investing your fund for your children in banks, invest it on Bitcoin instead to have bigger profits in the long run. But don't forget to separate the emergency funds so that you will not be force to sell the Bitcoin you're holding. I can't think of any valid reason to prolong your patience but with your children only. Being a parent is a big responsibility so as much as possible, you don't want to screw up since you have your own family.

Inwestour

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Quote from: Merit.s on November 07, 2022, 02:49:19 PM

What is your opinion on my suggestion, is it a guarantee for the child's future and will enable you to benefit from Bitcoin ?
Grin

This is a good idea, but not everyone has the opportunity to buy bitcoin with all the money set aside. For some of them, you will need to buy a lot of necessary things for the child, and in total there will not be much money left for investment.

Once my parents set aside money for me, which I could use at the age of majority, but it so happened that all these savings were stolen by the state and I did not receive anything.

You will still leave your bitcoins as a legacy to the children and will help them if necessary, pay for tuition, etc.

fillippone

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An interesting Talk by Daniela Brozzoni about using Miniscript to secure a smooth transition of your satoshi to your beloved satoshi.

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Apart from this, there is a review of various, simpler methods.

DeathAngel

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It’s always good to try & provide for your children so they are financially secure when you die. You can do this in many ways, like leaving them real estate for example.

Buying bitcoin is as good an asset as anything to leave as an inheritance asset. You will need to educate your kids though & tell them how to access those coins when you die.

A good parent will always try & leave some form of money or assets behind to help their kids.

Del137

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I do it regularly. And I am convinced that every parent should do it

cozytrade

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Quote from: Charmekkd on February 18, 2023, 07:49:59 PM

buying bitcoin and keeping it for the long term is a good thing but of course it has risks, because we won't know the price of bitcoin for the future, but if we are ready to take the risk for long term investment. I think it will be good, like investing in bitcoin for the cost of a child when they are big.

A few days ago I bought some bitcoins. But now the price of bitcoins is increasing. Today I checked my wallet and found that I have a lot of profit from the price I bought bitcoins at. I thought that I will hold these bitcoins for a long time. And if I can hold these bitcoins for a long time, here I know no one has ever lost money investing in Bitcoin. I hope I don't lose either.

xSkylarx

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Quote from: heslylamba on February 17, 2023, 03:16:07 PM

This is definitely an option. A big bag of Bitcoin is a good start for life.

I don't have kids yet, but I'm already saving some Bitcoin for them. I know they will be grateful in the future.

Treat your holding also like a kid . From infant to adulthood. Meaning taking care of it that it is not get hacked, continue learning while your bitcoin grows or your profit so that you will know more about bitcoin and dont get panic when its beat market as you could sell it. Also it would also best that if your child got born you also bought bitcoin and hold it until he/she is going to college as it is an investment for your child

Charmekkd

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buying bitcoin and keeping it for the long term is a good thing but of course it has risks, because we won't know the price of bitcoin for the future, but if we are ready to take the risk for long term investment. I think it will be good, like investing in bitcoin for the cost of a child when they are big.

Henrobakkara

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Quote from: Merit.s on November 07, 2022, 02:49:19 PM

I guess this is a strategy for someone who wants to invest on Bitcoin for a long term but is scared of waiting for too long.
So many persons will want to invest on Bitcoin for a long term but they end up find it difficult to have the patience on their investment and wants an instant shoot up of Bitcoin price,in other for them to sell and make profit,they end up been disappointed when it doesn't go as they wanted it since they don't understand the cyclic movement of Bitcoin. They end up procrastinating they will invest and some that have already invested will get fustrated when Bitcoin is in it bear market by selling their bitcoin.
My suggestion to these set of people is that we should invest on Bitcoin for our children from infantry to teenage. In my country people starts planing for the future of their children from the moment the child is put to bed. Family and well wishers gives money to the child when they come to visit the new born baby to express their happiness for what God has done. Some parents the moment they give birth to a child they open a bank account for the child so that every month from their income they put some fraction of money to the child's account. Some money been given to the child during his birthday celebrations and other ceremonies or visit they always put it into the child's account in other to secure the child's future.
When this child becomes a teen in high school this money must have accumulated to a reasonable amount which is used to support the child to either further his education,start up a trade or learn a skill. Fiat currency is fast depreciating because of inflation, why don't you buy Bitcoin Holdings for your child from infant and do all his savings in Bitcoin so that by the time the child becomes a teenager, Bitcoin price might have hit $500k and above. This way you can have a long term holdings in Bitcoin.
What is your opinion on my suggestion, is it a guarantee for the child's future and will enable you to benefit from Bitcoin ?
Grin

I think the major problem would be that, regardless whether some people are investing for themselfs or as parents investing for their child's future, if they don't have the means to keep supporting their personal lives then they are bound to spend out of the investment they ought to keep for a longer term and we see this even with people that already know about Bitcoin market circle.
Having extra finance to continue to support you needs has a positive impact on your investment even with your believe in Bitcoin.

batang_bitcoin

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Quote from: heslylamba on February 17, 2023, 03:16:07 PM

This is definitely an option. A big bag of Bitcoin is a good start for life.

I don't have kids yet, but I'm already saving some Bitcoin for them. I know they will be grateful in the future.

Surely, they'll be grateful when they find out that their parents is able to save them money in the future. They don't have to do anything but at the same time, we still need to teach them how to value money that's saved for them. Kids these days are different than of before, and it depends on how the parents raised them. I also got my savings in bitcoin for the future of my children but I won't let them know that I've got something for them that's stored for their future. I won't make it easy for them to take it but at least, there's an assurance that there's an investment ready for them to be taken.

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