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.
Topic: Get Bitcoin Holdings for your child from infant. - page 2. (Read 1061 times)
It was my plan to invest for my child's future and I have been in crypto for so many years, and for me it is really a great idea instead of just saving money why not invest it on crypto for their future.
The only downside that I see on it is that we are uncertain about how it would be in the future. We know that it could survive in the long run but we are uncertain if it would still be legal since other are connecting it to some illegal activities.
legal or not it's just a matter of regulation. But if you hold bitcoin for the long term and give it to your child later it will be a good decision. Bitcoin will be an inheritance that gives your child the opportunity to use bitcoin in the future. We all know that every government has its own regulations, but we'll see in the future whether the regulations will change or be the same as the current situation. invest in crypto assets, especially bitcoin for your child's future savings, and don't think too much about legal or illegal, that will be a different problem later. The only downside that I see on it is that we are uncertain about how it would be in the future. We know that it could survive in the long run but we are uncertain if it would still be legal since other are connecting it to some illegal activities.
This is certainly a great idea to HODL for long. But my issue is security. Since seed phrases or private keys are to be kept save then only trusted people could have access to it.
Are parents responsible to nurture their children and if possible reserve something for them as inheritance?The best people who can be trusted enough to hold private keys or mnemonic seeds are their parents.
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Now what if an unplanned circumstance happens like death to the seed holders and no one was given the phrases before they passed on how can this be rectify? What will also happen if the investors country made strong hold against bitcoin before the child comes off age. What will happen to the coin?
If you are a husband, your wife should be a next person you share private keys and mnemonic seeds.If you are a wife, your husband should be the one who get access to prive keys and mnemonic seed of the wallet you want to give it to your children.
When they are mature enough, you and your wife/ husband can share key, seed to your children. Meanwhile, check up your backup quality and usability regularly to avoid any bug with backup. If you discover bug soon enough, you can replace broken backups with new ones.
It is a good idea as long as you do not give your child access to btc and when it comes to giving them access which should only happen when they are old enough you teach them about bitcoin. If their answer is not taking that btc and transferring it to a private key that only they know then they are not ready for that btc because even though you are their parent only they should have access to their btc. Only inheritance and your partner should be allowed access or have some system setup so that they do not lose the access if you pass away expectantly.
Insurance policies can sometimes feel like leeches that drain your funds, and there's always the risk that after paying for years, you may not receive compensation or your policy may be denied. However, Bitcoin can be a good insurance for your children, provided you find the right way to leave them the private key in case something happens.
It is a good idea as long as you do not give your child access to btc and when it comes to giving them access which should only happen when they are old enough you teach them about bitcoin. If their answer is not taking that btc and transferring it to a private key that only they know then they are not ready for that btc because even though you are their parent only they should have access to their btc. Only inheritance and your partner should be allowed access or have some system setup so that they do not lose the access if you pass away expectantly.
The hope is that we will not die before our child grows up. In addition we are able to hold Bitcoin in its wallet address and prifat key. So we can convey what we save directly with our child later. Because sometimes the middleman will make us doubt, even if it is our own brother. If you start today, hopefully Bitcoin will continue to grow and be recognized by the world. So there is no possibility that Bitcoin will be shut down by governments globally. Because Bitcoin crypto has a system against the government. 
It was my plan to invest for my child's future and I have been in crypto for so many years, and for me it is really a great idea instead of just saving money why not invest it on crypto for their future.
The only downside that I see on it is that we are uncertain about how it would be in the future. We know that it could survive in the long run but we are uncertain if it would still be legal since other are connecting it to some illegal activities.
The only downside that I see on it is that we are uncertain about how it would be in the future. We know that it could survive in the long run but we are uncertain if it would still be legal since other are connecting it to some illegal activities.
It's not bad at all to own bitcoin long term as an investment. I think the ideas in this thread are also good because basically this is the same as usual long-term investing, but the difference is that this is done for the baby. Higher price potential can certainly be expected in the long term, and the chances of making a large profit starting now are even better.
I'm not doing it for anyone, but I'm doing it for my future and my family including my children and wife. It definitely doesn't matter what the purpose of this investment is for as long as we can secure the assets and know what the risks are.
I'm not doing it for anyone, but I'm doing it for my future and my family including my children and wife. It definitely doesn't matter what the purpose of this investment is for as long as we can secure the assets and know what the risks are.
First again wonderful initiative dude. Today i was discussing with my little brother about how effective cryptocurrency can be helpful in the current situation my country is facing then i remembered how would it be if i also start saving some coins for my children today the bitcoin price is gaining momentum as we all see how its trying to recover after falling so low and if its can continue like and hits its all time record i could have couple out some tangible profits for them and maybe i can use on their expenses in the near future someday. But the crucial fact about the decline is also there because it can aslo go on a dip as no one can actually predict it rise and fall
I think this is a good topic and full of good motivation, if you buy bitcoin and keep it for the long term, with the aim that there is an advantage that the money will be used to pay for children when they grow up. but this is a very high risk, but if you dare to take risks, of course this is a good thing.
but actually a seldom of people who are aware of this, because most people usually for their children's future always use insurance.
but actually a seldom of people who are aware of this, because most people usually for their children's future always use insurance.
It is a good idea as long as you do not give your child access to btc and when it comes to giving them access which should only happen when they are old enough you teach them about bitcoin. If their answer is not taking that btc and transferring it to a private key that only they know then they are not ready for that btc because even though you are their parent only they should have access to their btc. Only inheritance and your partner should be allowed access or have some system setup so that they do not lose the access if you pass away expectantly.
Rather than investing into one form, it is good to have multiple investment. In simple terms just don't go for investment on properties alone. Some used to do that, same as that don't invest on cryptocurrency alone. Have diversified investment as we've got more choices. Because, we don't know how the market turns. According to the prevailing situation we can make use of the investment than just experiencing loss when we're in need.
By preparing for a good future, we hope that our children will be able to live better lives and survive with what we have prepared beforehand. And while teaching them how to use crypto for them, we make sure that they will be fine in the future and we can smile happily knowing they can survive the rigors of life in the future. Investing in crypto helps us hope that we are doing the best for our children. And we indeed have to have other investments apart from crypto because that will also help them to be able to grow better later.
for example in property investment, a plot of land or investments other than crypto which is still good for the future. any investment will be very useful for future life. in the future maybe bitcoin will be more accepted and more adoption will be done. Buying bitcoins now and the price may increase sharply in the future, will give you a lot of advantages. If you can't afford to buy all at once, you can make purchases in stages or use the DCA method, which will help you buy regularly within a certain time frame with an adjusted amount.
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 ?
OP thanks for representing what I've been doing these few months, even though I've started it for myself. But now my wife is pregnant and the first month at that time I have started saving with Bitcoin. The goal that I do is that the Bitcoin savings must be collected until he grows up. I do this for a better life in the future. It will be quite a long journey until he is born and grows up. Bitcoin will accompany every journey. So far I have been consistent every month with the spirit of saving Bitcoin. All planning is carried out carefully starting from securing the key and everything related to accessing it is really guarded. Including having a guardian if one day I can't supervise the growth and development of the child. 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 ?
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 ?
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 ?
It's a good thing you say dude, and almost all responsible parents want and save money for their children to be honest. Now, it is possible to accumulate fiat and bitcoin at the same time as long as a parent can do it.
I'm doing that at the moment, not even a lot of bitcoins per week, but I can tell if its value will be good in the future because the price of bitcoin over time is like land.
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 ?
This is a very good idea, instead of us saving with a bank account with a low interest rate, save with bitcoin. We will have a better chance to earn bigger profits when our children grow up, we will be able to give them more wealth if we save in bitcoin. But bitcoin is still a pretty risky asset so it still needs to be carefully calculated in case bitcoin disappears in the future.
This got me discouraged and I just bought Bitcoin with the money and held it for her till she is mature enough to control her wallet and securities.
Bitcoin is the best store of value for the future and our kids need to have savings in that future.
But like I said, bitcoin is still risky, and the possibility of bitcoin disappearing in the future is there, although the probability is low. I think you can both save bitcoin and save with other assets like gold, silver... all of which will be more valuable in the future than fiat money. I will also plan to do it for my children when I can.
Bitcoin's a good store of value, But I don't think relying on it for your child's future is a good thing, although it could be argued. Personally, I'd invest it into something else with passive guaranteed growth instead of bitcoin's which is cyclical in nature. Or perhaps make use of both bitcoin and a trust fund at the same time. That way I can gusrantee and maximize growth of my son's money through bitcoin's volatile upshoot in prices every now and then, and make sure the money stays valuable especially when I pass away.
That is why others are divesting their investments to lessen the risk. It doesn't mean that you'll go all into bitcoin and invest money that you have as it is for the future of your child, but you also need to open a bank account to deposit some money or invest in insurance for your child. The point of bitcoin is that you can gain profit from it in a few years, and if you need money at that time, you can sell it and also put it somewhere else so that your child can also benefit from it.
Diligent key clever, hmat key rich and investing in Bitcoin the key to the future.
The presence of Bitcoin is indeed a rival to banks because of the blockhain system that provides convenience in transactions. Indeed, many people still think that investing with fiat in banks will provide future guarantees for children with the benefit of interest that will be obtained every year. They don't know if investing in Bitcoin can exceed the multiplication of bank interest percentages.
For me, your plan is a good idea.
The presence of Bitcoin is indeed a rival to banks because of the blockhain system that provides convenience in transactions. Indeed, many people still think that investing with fiat in banks will provide future guarantees for children with the benefit of interest that will be obtained every year. They don't know if investing in Bitcoin can exceed the multiplication of bank interest percentages.
For me, your plan is a good idea.
There's nothing wrong with comparing bank rates to bitcoin, but you didn't mention the risk when you put your child's future in an asset fraught with risk and uncertain future. In this case, I would suggest 50% of savings or other assets like gold and 50% of that to bitcoin. If the risk happens, we still have half, maybe gold or savings don't bring the high return, but at least it's safe and stays with us. With bitcoin, you are trading safety for profit, so consider it because it is our children's future.
Trading safety for profit? We don't think that's the interpretation of Bitcoin investing.
Fiat depreciates, that's true, but compared to bitcoin's volatility and risk, it's still nothing and we're talking about our children's future. If we are investing in Bitcoin with money that can be lost, then there is no need to talk about risk because we are ready for it. But we're talking about our children's future, and that's money that can't be lost.
I want to know, do you have children? Because I am quite surprised that you are willing to bet your child's future on such a risky asset. I already have a baby and I won't treat my child's future like you do.
Not really a bad idea, it's like hitting 2 birds in 1 stone, because it is you and your child will benefit when Bitcoin multiplied your savings. Though there's a risk associated with it, but we are quite sure Bitcoin has still a way to go, and still has a long way to break ATH after ATH, as Bitcoin global adaption is still growing everyday.
So, yeah this is a good idea than just letting that money sit in the banks and continue to depreciate.
So, yeah this is a good idea than just letting that money sit in the banks and continue to depreciate.
Diligent key clever, hmat key rich and investing in Bitcoin the key to the future.
The presence of Bitcoin is indeed a rival to banks because of the blockhain system that provides convenience in transactions. Indeed, many people still think that investing with fiat in banks will provide future guarantees for children with the benefit of interest that will be obtained every year. They don't know if investing in Bitcoin can exceed the multiplication of bank interest percentages.
For me, your plan is a good idea.
The presence of Bitcoin is indeed a rival to banks because of the blockhain system that provides convenience in transactions. Indeed, many people still think that investing with fiat in banks will provide future guarantees for children with the benefit of interest that will be obtained every year. They don't know if investing in Bitcoin can exceed the multiplication of bank interest percentages.
For me, your plan is a good idea.
There's nothing wrong with comparing bank rates to bitcoin, but you didn't mention the risk when you put your child's future in an asset fraught with risk and uncertain future. In this case, I would suggest 50% of savings or other assets like gold and 50% of that to bitcoin. If the risk happens, we still have half, maybe gold or savings don't bring the high return, but at least it's safe and stays with us. With bitcoin, you are trading safety for profit, so consider it because it is our children's future.
Trading safety for profit? We don't think that's the interpretation of Bitcoin investing.
buying bitcoins for our young children and speculating that in the future bitcoin prices will go up a lot. yes, of course there is nothing wrong even though investing in bitcoin is risky. because if we want to get a bright future for our children, of course, we need struggle and risk in investing. i think this is a good idea,
which will provide benefits for a bright future for our children when they grow up.
which will provide benefits for a bright future for our children when they grow up.
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