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Topic: Get Bitcoin Holdings for your child from infant. - page 3. (Read 1106 times)

hero member
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What is your opinion on my suggestion, is it a guarantee for the child's future and will  enable you to benefit from Bitcoin ?
For long term yes it's a good idea to invest in Bitcoin for our kids. Instead of saving in banks, investing in Bitcoin is much wiser because of the chances for the money to become huge, in time. Of course there's a risk since it is not guaranteed but if you believe in Bitcoin as an investor and aware of the technology then you'll not going to doubt what lies for the future of Bitcoin.

Anyway, though it seems good to invest as early as possible for the sake of our kids, we know not everyone are capable to invest due to hardship because of the current economy. Hence, this is only for people who are able to save for their kids and not struggling financially while doing so.
hero member
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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.

I have had children, and I have thought about this in the past, instead of creating a savings account in the bank for our children's future, bitcoin would be a better option in terms of profit. But with bitcoin's volatility and bitcoin's future uncertain, placing our children's future in bitcoin is quite risky.

We often say that bitcoin investments should only be used with money we can lose, but this is our children's money, and we cannot lose it. So I will also choose a safer option than bitcoin for my children's future.
You don't need to completely avoid bitcoin investment, though. You can invest part of the money for your child in fiat and other part in bitcoin. If bitcoin loses price by the time your child grows up, you won't lose the entire money, rather only a minor amount that shouldn't affect his future at all.
On the other hand, if bitcoin rises a lot yet, as most enthusiasts predict, this can be a life changing for him.
hero member
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Leading Crypto Sports Betting & Casino Platform
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.

I have had children, and I have thought about this in the past, instead of creating a savings account in the bank for our children's future, bitcoin would be a better option in terms of profit. But with bitcoin's volatility and bitcoin's future uncertain, placing our children's future in bitcoin is quite risky.

We often say that bitcoin investments should only be used with money we can lose, but this is our children's money, and we cannot lose it. So I will also choose a safer option than bitcoin for my children's future.
hero member
Activity: 2912
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Leading Crypto Sports Betting & Casino Platform
It is a good wish to prepare your child's future by investing in bitcoin but many people don't realize it. People tend to try to get rich from investing in bitcoin and maybe after they get rich, they will consider preparing their children's future. That is not wrong because each person must have a plan to prepare everything for their family's future.

I haven't fully prepared for my children's future but I have started saving and saving my money into bitcoin. I've been doing it since a few years ago, even though I always sell bitcoin when the price reaches a new ATH, I always buy more when the price drops like it is now. By preparing our children's future, we hope they can use the bitcoins we have prepared for them well so that their lives will be better than ours.

That is a good idea to save as early as possible for your children to try and make their life more easy once they are older. It's true that some people would like to get rich first before saving money for their family. The problem is however that there is no guarantee to become rich. What if we invest all our life and end up making bad trading decisions. In my opinion it's better to include our children in our financial planing and put at least some money away. Already a small amount each month can grow to a decent portfolio over 18 years. The important thing is to spread out our money across multiple projects and not to put all the money into one basket. It's very hard to predict how the world will be in 20 years and what is going to be successful then.
Before we get rich, there's nothing wrong if we try to start saving so we don't waste our money buying things we don't really need. If we have money, we will be easily tempted to buy these things so that we will forget our goal of wanting to save to prepare for the future of our children.

By having children who have started to grow, we want to prepare for their future lives so that their lives will be better than ours. And doing good financial planning that can help us prepare for their lives later, even though they have their own desires. And investing in crypto has provided concrete evidence that we have gotten so far.

preparing for a good future needs to be done, I also apply the same thing. rather than having to buy things that are not really needed, it's better to prepare the money for the future. Trying to do some crypto investments like buying bitcoins and saving them for the long term or for our children when they grow up. Prepare their economy for the future. Crypto will not be obsolete and will continue to grow. but I'm not going to put everything in crypto, because we know crypto is very risky. There will be some in Fiat and in crypto. Bitcoin has been growing for more than 10 years and we know that its development from the beginning until now has been very fast and very extraordinary. That will also apply to bitcoin in the future.
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.
hero member
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Leading Crypto Sports Betting and Casino Platform
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.
sr. member
Activity: 686
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This is great OP, but I see some loopholes that may arise as a result of their parents saving money for them in bitcoin before they reach adulthood. If the parents open a custodian wallet for their child, they will be the only ones who have access to the seed phrase .

As time passes, because life is not guaranteed, how can this wealth be passed down to the children if the parents are no longer alive? Perhaps they will share the seed phrase with someone close to the family. If the child is unfamiliar with bitcoin, he or she may be duped out of his or her money when they need to access their wallets.

This situation has counter the important security feature needed when saving bitcoins. Your point is realistic but not realistic enough for people to use that method to save money today for infants.
full member
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1xBit recovered their reputation
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

My opinion on your suggestion is that investing in Bitcoin for your child's future could be a good idea, but it's not a guarantee for their future. Bitcoin is a volatile asset and its price can fluctuate dramatically. It's important to understand that the future value of Bitcoin is uncertain and no one can predict its exact value in the future. However, investing in Bitcoin for a long term could be a good strategy if you are willing to bear the risk of price fluctuations. It's important to educate yourself on the risks involved in investing in cryptocurrencies and to always have a diversified investment portfolio. Additionally, it's always a good idea to consult a financial advisor before making any investment decisions.

I agree with you. Bitcoin is really suitable for long-term investment but if we bet our children's future on bitcoin, we should consult with financial advisors before deciding. To be fair, bitcoin is too risky and no one can be sure that it will survive or will rise in price in the future. So using them to save for our children's future is a mistake.
legendary
Activity: 1918
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And well... there are so many alternatives that exist that it takes me by surprise to think that bitcoin is taken as a unique alternative. In fact, it is a complex process and it varies socially and culturally, but where there is a difference is the economic one.

A "single" plan does not work and bitcoin should be a part, not the whole, as I always mention, for example, when it is intended to think that bitcoin is the forger of economies.

Now, what we do agree on is that that old classist and unfounded scheme that worked in a certain way back in the 60s or 70s, died, that's right, it's not that it's an alternative, no, it doesn't work anymore.

And that is the main vision without even having knowledge of bitcoin, in that sense you should not put on a bandage and think that Bitcoin is the solution to the future of both your children and your own.

The point is that it is not about not having confidence in bitcoin, it is about having to consolidate your plan, so that alternative investments can sustain profits ando allow an booster in the estimated profit target for when they are needed.
legendary
Activity: 1946
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It is a good wish to prepare your child's future by investing in bitcoin but many people don't realize it. People tend to try to get rich from investing in bitcoin and maybe after they get rich, they will consider preparing their children's future. That is not wrong because each person must have a plan to prepare everything for their family's future.

I haven't fully prepared for my children's future but I have started saving and saving my money into bitcoin. I've been doing it since a few years ago, even though I always sell bitcoin when the price reaches a new ATH, I always buy more when the price drops like it is now. By preparing our children's future, we hope they can use the bitcoins we have prepared for them well so that their lives will be better than ours.

That is a good idea to save as early as possible for your children to try and make their life more easy once they are older. It's true that some people would like to get rich first before saving money for their family. The problem is however that there is no guarantee to become rich. What if we invest all our life and end up making bad trading decisions. In my opinion it's better to include our children in our financial planing and put at least some money away. Already a small amount each month can grow to a decent portfolio over 18 years. The important thing is to spread out our money across multiple projects and not to put all the money into one basket. It's very hard to predict how the world will be in 20 years and what is going to be successful then.
Before we get rich, there's nothing wrong if we try to start saving so we don't waste our money buying things we don't really need. If we have money, we will be easily tempted to buy these things so that we will forget our goal of wanting to save to prepare for the future of our children.

By having children who have started to grow, we want to prepare for their future lives so that their lives will be better than ours. And doing good financial planning that can help us prepare for their lives later, even though they have their own desires. And investing in crypto has provided concrete evidence that we have gotten so far.

preparing for a good future needs to be done, I also apply the same thing. rather than having to buy things that are not really needed, it's better to prepare the money for the future. Trying to do some crypto investments like buying bitcoins and saving them for the long term or for our children when they grow up. Prepare their economy for the future. Crypto will not be obsolete and will continue to grow. but I'm not going to put everything in crypto, because we know crypto is very risky. There will be some in Fiat and in crypto. Bitcoin has been growing for more than 10 years and we know that its development from the beginning until now has been very fast and very extraordinary. That will also apply to bitcoin in the future.
sr. member
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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

We should invest in Bitcoin for the long term.  If investment is to be made then the money deposited in the bank account for the child is given.  Just like that, if you invest in Bitcoin for a long time without depositing it in the bank, you will slowly get the benefit from here.  Bitcoin price won't stop here this bear market will change one day.  If the child's future is to be changed then we must change it by long term investment in Bitcoin because the more you invest the more benefits you will get.
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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

My opinion on your suggestion is that investing in Bitcoin for your child's future could be a good idea, but it's not a guarantee for their future. Bitcoin is a volatile asset and its price can fluctuate dramatically. It's important to understand that the future value of Bitcoin is uncertain and no one can predict its exact value in the future. However, investing in Bitcoin for a long term could be a good strategy if you are willing to bear the risk of price fluctuations. It's important to educate yourself on the risks involved in investing in cryptocurrencies and to always have a diversified investment portfolio. Additionally, it's always a good idea to consult a financial advisor before making any investment decisions.
hero member
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It is a good wish to prepare your child's future by investing in bitcoin but many people don't realize it. People tend to try to get rich from investing in bitcoin and maybe after they get rich, they will consider preparing their children's future. That is not wrong because each person must have a plan to prepare everything for their family's future.

I haven't fully prepared for my children's future but I have started saving and saving my money into bitcoin. I've been doing it since a few years ago, even though I always sell bitcoin when the price reaches a new ATH, I always buy more when the price drops like it is now. By preparing our children's future, we hope they can use the bitcoins we have prepared for them well so that their lives will be better than ours.

That is a good idea to save as early as possible for your children to try and make their life more easy once they are older. It's true that some people would like to get rich first before saving money for their family. The problem is however that there is no guarantee to become rich. What if we invest all our life and end up making bad trading decisions. In my opinion it's better to include our children in our financial planing and put at least some money away. Already a small amount each month can grow to a decent portfolio over 18 years. The important thing is to spread out our money across multiple projects and not to put all the money into one basket. It's very hard to predict how the world will be in 20 years and what is going to be successful then.
Before we get rich, there's nothing wrong if we try to start saving so we don't waste our money buying things we don't really need. If we have money, we will be easily tempted to buy these things so that we will forget our goal of wanting to save to prepare for the future of our children.

By having children who have started to grow, we want to prepare for their future lives so that their lives will be better than ours. And doing good financial planning that can help us prepare for their lives later, even though they have their own desires. And investing in crypto has provided concrete evidence that we have gotten so far.
hero member
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  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

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.
So I was in the bank the other day and enquiring how I can open a saving account for my👶 infant child  🧒 and the bank official gave me some conditions that I was not ok with and they based the condition on the fact that my child does not have a national id since she is under age putting a long period of only deposits no withdrawal and a low-interest rate.
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.
legendary
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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.
Investing for the long term is not easy, that is why we need to think of something which will encourage us to do it and one of it is to help secure the future of our children. For those old parents, their kids are already grown up and not an infant anymore but it does not mean that they can't invest on Bitcoin anymore. They still can in preparation for their kids college education or also in preparation for their retirement so that they can get something even if they don't have a work anymore.

I know they also have retirement pays but it doesn't occur too often and then the amount of it may not be big enough for them to enjoy and also to give some help to their kids when they are struggling financially.
sr. member
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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

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.
legendary
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DCA [Dollar Cost Averaging] is great option to save money. I haven't thought about investing for my children's future while the profit I get today is also my responsibility to them. It might be great to have an idea like the OP, investing in their future from the baby, but I guess whatever we do today is for them in the future unless you never save anything for them.

We never know how much money we will need in the future because the world economy is getting more and more chaotic. Money becomes worthless and it continues to lose value, so bitcoin or other investment instruments can also be considered as an effort to save money today for their needs in the future.
hero member
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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.


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.
sr. member
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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

Of course this is good advice for parents who want to protect the future of their children, but maybe you have to look at our economic situation too, if you think you don't need to use the gift money because you can afford it, it's a good thing to save it in bitcoin for your child. But yes, people's economic conditions are different, so of course you have to measure them first with their conditions.
I also often see someone using money as a gift for children when they are born or on their birthday, many parents buy it in gold.
But after seeing your suggestion I think it's a pretty good idea.
hero member
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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.
hero member
Activity: 1974
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It is a good wish to prepare your child's future by investing in bitcoin but many people don't realize it. People tend to try to get rich from investing in bitcoin and maybe after they get rich, they will consider preparing their children's future. That is not wrong because each person must have a plan to prepare everything for their family's future.

I haven't fully prepared for my children's future but I have started saving and saving my money into bitcoin. I've been doing it since a few years ago, even though I always sell bitcoin when the price reaches a new ATH, I always buy more when the price drops like it is now. By preparing our children's future, we hope they can use the bitcoins we have prepared for them well so that their lives will be better than ours.

That is a good idea to save as early as possible for your children to try and make their life more easy once they are older. It's true that some people would like to get rich first before saving money for their family. The problem is however that there is no guarantee to become rich. What if we invest all our life and end up making bad trading decisions. In my opinion it's better to include our children in our financial planing and put at least some money away. Already a small amount each month can grow to a decent portfolio over 18 years. The important thing is to spread out our money across multiple projects and not to put all the money into one basket. It's very hard to predict how the world will be in 20 years and what is going to be successful then.
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