Topic: Get Bitcoin Holdings for your child from infant. - page 4. (Read 1061 times)
There are really people that have short patience and want to earn profit instantly, but comparing it to opening a bank for your infant so that his or her future is secured is good, and I just realized this as I do have a child right now for which I am planning to open a bank. But what I plan is to open her a bank and at the same time I will hold some bitcoin so that I will make half the risk, as we know that we cannot predict the future just to be safe.
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 ?
Investing in Bitcoin for your kids is a great way to hold it for the long term. Because we are inevitably affected by market sentiment when we invest by ourselves, it is difficult to guarantee a higher rate of return for long-term holding. Investing in children and accumulating more will be more profitable in the future.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 ?
The idea isn't bad lol. Due to our greed and panic, we can't hold Bitcoin properly. But if you store Bitcoin for your child and don't touch it until becoming a teen then would be a good way to hold it. But for ourselves, we can take advantage of the volatility. For example, those who hadn't sold in ATH regret it now. If they sold then they can accumulate double the Bitcoin right now. And of course, some people become Panic those who are selling now. So yea, the idea is good.
Of course I can garee you on this because greed is a thing that makes us very very vulnerable and that is not a good things. I have many regrets in my life because I made some of the biggest mistakes in my life too. And also other factor that is a panic situation and also very body cannot just become solid in very bad situations.
And also if someone is keeping buying at higher price and for a long term vision he might be panic and might sold. And that's why when you should think that Bitcoin price is low than just buy and that's the thing of business and holding and also other bug whales do this.
It is in a good point that you would like to help those in the future with the use of bitcoin but I guess anything can happen in the future or in the current timeline today money is really needed to use to sustain daily living if that people barely need those to make survival the purpose of the investment will be gone sooner or later because they need. It is good to have an investment and keep those for many years if you are still able to protect and make sure the wallet is safe so in the future you don't need to worry about your investment.
Saving bitcoin for your children's future is a fantastic concept, but given the volatility of bitcoin, it will be challenging for parents to hold onto their investments over the long term without being driven to sell when the price is falling or rising.
You can't save without using wisdom, thus if you want to use bitcoin to save for your kids' future, you must do it wisely. Suppose you bought bitcoin when it was inexpensive for your children and sold it back when it was expensive (4 years invested plan of the bearish market and the bull run).
Being responsible towards the unpredictable future of bitcoin, I agree with you. If parents have the opportunity to make a safer investment, while maintaining its profitability against fiat devaluation, they should go for it, instead of bitcoin investment.You can't save without using wisdom, thus if you want to use bitcoin to save for your kids' future, you must do it wisely. Suppose you bought bitcoin when it was inexpensive for your children and sold it back when it was expensive (4 years invested plan of the bearish market and the bull run).
The issue is that most people don't have a large chunk of money to make such investments, so they are left with the alternatives banks give them, like saving and fixed income accounts. In my opinion none of these are alternatives thinking on the future of children, due to their low interest rates, therefore bitcoin is still a very viable option for our money, because there are good chances it will be much more valuable in a decade or so, besides being possible to invest any sum of money anytime, without any barriers.
To set a number, at least 10% of our childrens' savings should be invested in bitcoin, being very conservative.
So, investing on bitcoin will assure with the better rewards for their kids than mere earning out of traditional investments.
Saving bitcoins for our children is an interesting idea but is it good or bad is still a question. Bitcoin is not like gold, the future of bitcoin is a question mark and if you are not willing to take the risk then choose gold as a savings asset for your children instead of bitcoin. I don't want to risk my children's future, so I will choose the safe, I will save the gold for them and the bitcoins I will use only for my venture investments.
Saving bitcoin for your children's future is a fantastic concept, but given the volatility of bitcoin, it will be challenging for parents to hold onto their investments over the long term without being driven to sell when the price is falling or rising.
You can't save without using wisdom, thus if you want to use bitcoin to save for your kids' future, you must do it wisely. Suppose you bought bitcoin when it was inexpensive for your children and sold it back when it was expensive (4 years invested plan of the bearish market and the bull run).
You can't save without using wisdom, thus if you want to use bitcoin to save for your kids' future, you must do it wisely. Suppose you bought bitcoin when it was inexpensive for your children and sold it back when it was expensive (4 years invested plan of the bearish market and the bull run).
Saving bitcoins for our children is like a long term investment and once invested for the long term it becomes a lot easier. Saving for the future means that we will not use that money under any circumstances and only use idle money to save. I'm saving my kids in bitcoin myself and I'm not having a problem. I buy bitcoin every time I have lazy money and I'm not too concerned with the price because it's a plan for 15 years later, so short term price checking is pointless. You need to distinguish savings for other emergencies from savings for your child's future.
Saving bitcoin for your children's future is a fantastic concept, but given the volatility of bitcoin, it will be challenging for parents to hold onto their investments over the long term without being driven to sell when the price is falling or rising.
You can't save without using wisdom, thus if you want to use bitcoin to save for your kids' future, you must do it wisely. Suppose you bought bitcoin when it was inexpensive for your children and sold it back when it was expensive (4 years invested plan of the bearish market and the bull run).
Saving bitcoin for the kids is really good and a must for each and everyone who have understood about bitcoin. Each and every parent take responsibility and do investments for their kids. So, investing on bitcoin will assure with the better rewards for their kids than mere earning out of traditional investments.You can't save without using wisdom, thus if you want to use bitcoin to save for your kids' future, you must do it wisely. Suppose you bought bitcoin when it was inexpensive for your children and sold it back when it was expensive (4 years invested plan of the bearish market and the bull run).
When it comes to cryptocurrency investment parents need to be careful and observing the market good. Only then they were able to maintain the portfolio. With traditional investments, it is possible to invest and just leave it for the mentioned time period for the return. This means there is risk with cryptocurrency whereas the risk is low with traditional investments.
Saving bitcoin for your children's future is a fantastic concept, but given the volatility of bitcoin, it will be challenging for parents to hold onto their investments over the long term without being driven to sell when the price is falling or rising.
You can't save without using wisdom, thus if you want to use bitcoin to save for your kids' future, you must do it wisely. Suppose you bought bitcoin when it was inexpensive for your children and sold it back when it was expensive (4 years invested plan of the bearish market and the bull run). With that kind of method, you will get to find out that you are making a whole lot of profits while you are still saving bitcoin for your children
You can't save without using wisdom, thus if you want to use bitcoin to save for your kids' future, you must do it wisely. Suppose you bought bitcoin when it was inexpensive for your children and sold it back when it was expensive (4 years invested plan of the bearish market and the bull run). With that kind of method, you will get to find out that you are making a whole lot of profits while you are still saving bitcoin for your children
Getting Bitcoin holdings for your child from the time they are an infant is sound and essential from a financial standpoint. Especially with fiat's continuing rapid devaluation, you won't be sorry you did.
Your points are valid. Every person wants to make some funds for the child's future to raise his child. I am holding bitcoins for my child's future.Of course I bought and held at a much higher price but now the price has come down a lot. I'm not disappointed because I know the price of Bitcoin will definitely go up. I will spend money from here for my child when I need this money to raise my child. I have invested in Bitcoin for the long term and I need Bitcoin price to rise.
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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.
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.
Bitcoin holding short term or long term?I Think it totally depends on you and how much you want to profit from your holding investment. But bitcoin is long term investment coin.My experienced,many people’s are interested to invest bitcoin for long term and many people are benefited by it.
Looks difficult for that long. But if there comes a tech where child’s biometric are required to open the ledger then it could work out really well. However in this case patents Will have to be patient enough to wait until they are 14-15 so that they could be taught what’s inside the ledger and how only they can open it. May be by that time one should also teach them if they gonna do part time work then start sending some bucks in bitcoin and then open the ledger in their 20’s or 25th something. Imagine the kind of money they could have by that age and if bitcoins value is more (which will be) then they could end up with settled life.
Like something that they would acquire in the future? that would be wise but be sure to transfer you assets to your child once they already have awareness and once they are ready for it because there would be a tendency that they would ignore it, if they still don't.
Those are good threads, I have read it as well before. Well for sure people in this industry are having the same thought of passing this technology across generation due to its potential. Some are even having plans of "ladderized" plan for younger ones. 'coz if you would share it in an instant and at the wrong age they might not pay attention to it so efforts could not go to aaste.
It is a very interesting theme.
I already had a deep dive into this theme: "how to make your coin survive yourself in order to secure your intergenerational wealth".
On the more practical side, I would suggest you two threads of mine:
Gifting satoshis to future generations
Securing Your Seed Phrase with Washers
I already had a deep dive into this theme: "how to make your coin survive yourself in order to secure your intergenerational wealth".
On the more practical side, I would suggest you two threads of mine:
Gifting satoshis to future generations
Securing Your Seed Phrase with Washers
Those are good threads, I have read it as well before. Well for sure people in this industry are having the same thought of passing this technology across generation due to its potential. Some are even having plans of "ladderized" plan for younger ones. 'coz if you would share it in an instant and at the wrong age they might not pay attention to it so efforts could not go to aaste.
It is a very interesting theme.
I already had a deep dive into this theme: "how to make your coin survive yourself in order to secure your intergenerational wealth".
On the more practical side, I would suggest you two threads of mine:
Gifting satoshis to future generations
Securing Your Seed Phrase with Washers
This are great dives @fillippone because it is highly important to make our bitcoin survive ourselves and one of the ways is through saving them on a cold wallet with the private keys securely kept for future reference and in addition, I wonder if we can have some feature on our wallet to enable us to lock our Bitcoin for some time.I already had a deep dive into this theme: "how to make your coin survive yourself in order to secure your intergenerational wealth".
On the more practical side, I would suggest you two threads of mine:
Gifting satoshis to future generations
Securing Your Seed Phrase with Washers
That way we wouldn't be tempted to touch the bitcoin saving at whatever point, even of the market become unfavorable we will not have a choice but to wait out the lock time.
I think that is a good way to make our Bitcoin survive yourself in times of unfavorable events that may push us to temper with the asset.
It is a very interesting theme.
I already had a deep dive into this theme: "how to make your coin survive yourself in order to secure your intergenerational wealth".
On the more practical side, I would suggest you two threads of mine:
Gifting satoshis to future generations
Securing Your Seed Phrase with Washers
I already had a deep dive into this theme: "how to make your coin survive yourself in order to secure your intergenerational wealth".
On the more practical side, I would suggest you two threads of mine:
Gifting satoshis to future generations
Securing Your Seed Phrase with Washers
I agree with the use of bitcoin as an investment asset for our children to enjoy whenever they have grown up to make a discovery of such an ever increasing inheritance left for them, the mistakes our parents do was that they majors their investment on liabilities which they thought will be the best unknowingly to them it will rather turn to away from the main objective it meant to create, there was no bitcoin as at their time in those days and now bitcoin has created this opportunity in diverse ways to invest on a profitable asset over a long time.
Bitcoin investment is indeed the most profitable and recommended in the long run. Investing in bitcoin for your child's future is a great idea, but it's hard to make long-term plans, and it's actually hard to secure long-term holdings. Investing in Bitcoin is also risky. We are easily panicked by market sentiment, and we cannot guarantee that we will not sell it for decades.
But now drop to 16,600 already
Yes bitcoin already dropped below 16,600, is anything bad in that? If you are even planning to invest in bitcoin, I think this is the right time, Bitcoin is very cheap now, if you are planning to invest for your kid, then I think if you do that now it's really a good idea because bitcoin is down now and in the next few months now we might not see bitcoin at the current price again, so don't keep on waiting and thinking that bitcoin is still going to dump more, if you are waiting for more dip, then you are not really ready to invest.
However, even though we can't presumably predict the price of Bitcoin in the next couple of yes to come, we can be certain that Bitcoin price will rise above its present market price so holding Bitcoin for the long term is the best possible option if you are getting to secure the financial future of a child since you will have enough time to wait for that to happen.
Given a 10-year investment plan is cool anyways but not everyone has the patience to wait that long for the investment to appreciate.
Given a 10-year investment plan is cool anyways but not everyone has the patience to wait that long for the investment to appreciate.
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