Topic: Get Bitcoin Holdings for your child from infant. - page 5. (Read 1106 times)

In my opinion, the best thing you can do for your son is to save part of the crypto for them in a separate wallet. Once your son is a little older, try introducing blockchain and crypto to him. And when you make sure that he has become sufficiently proficient, he can enable him with the keys for that wallet or send the savings to him.
I think investing knowledge in the minds of our children is much better than just bequeathing money. It would be meaningless for our children to inherit private keys without knowing how to use them .

Long-term hold also has to think about how much bitcoin will be held. More would certainly be better so if Bitcoin is able to penetrate the price of $ 400,000 or $ 500,000 our children and grandchildren will be holders who have good finances.

and several withdrawal rules must also be applied so that our children and grandchildren who hold these assets do not use these assets as a means of boosting and creating a wasteful lifestyle.

The withdrawal rules may be written in a will that can be withdrawn in stages. The detention period of 8-15 years is quite a long term.
I don't know what will happen to bitcoin in the future, everyone certainly hopes for the best for bitcoin.

Yes, this strategy will help some people to build a solid foundation for their families, if they can embrace the risk in this bearish season now and invest in Bitcoin for their future children. I will definitely apply this strategy to my long term investments so that my children will feel the love I have for them is not fake but real by investing in Bitcoin for their future purpose.


The long term holding can be 8 or 15 years, and by then the price of Bitcoin will be $400,000 or $500,000 which will allow you to have a good plan for your children academy, business and marriage so that they will become responsible people in the community. And your children will never forget this life investment you have for them, and they will definitely value Bitcoin in the rest of their lives.

In that case, I wouldn't call the savings you're speculating. Once you've determined it's a long-term savings for your child and can say it's calculated in years, even 10 years or more, sell when bitcoin is high and buy back when bitcoin is down, that should not be done although we may have a chance to fill those savings faster. It's like you don't allocate between the amount to invest and the amount to spend daily. To be more precise, long-term bitcoin holding for our children is like we are implementing a DCA strategy.

This may be a good idea, but for this, this doesn't mean to be a guarantee 100%, there is no always guarantee for investment, always has some risks. But, as long as we are investing in Bitcoin, this is worthier than altcoins. Hopefully, Bitcoin will last longer forever so that our children are able to enjoy the results.

Me, I am also doing so, making some investments in Bitcoin for my children since they were babies. But, I am not doing the investment in the very long-term period. I am just doing the investment in Bitcoin until the next bullish, taking profits, saving the money, using them to buy Bitcoin again in the bearish era, and holding them again to head the Bullish era. And so on.

Every investment is good especially with a long time and we plan this for our children to adulthood for the needs that will be needed later, obviously this is not a bad idea when there are suggestions to invest in bitcoin for our children in the future we will still not be able to keep promises That's because what we know is that prices fluctuate, it takes strong patience for decades to achieve the goal so that we can generate more from the bitcoin investment.

I certainly have planned something about my child's future along with what it invested in, at this time we chose gold for it and I know gold will not provide big profits like bitcoin but I need it to maintain price stability so that when it is needed for my child later no drastic decline.

About investing in bitcoin, it's enough for me to do it and this has been done for a long time with the DCA strategy, so I think this is the same, it's just not related to my son's inheritance, but when I am able to hold on to bitcoin until my child grows up then he will too feel the benefits of what I invested in the bitcoin.

But now drop to 16,600 already

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.

The one and only! Spoke to him for work shortly after 2017 ATH and didn't imagine he'd go on to be the guy he did (a lot of non Bitcoin things, as it turned out) probably only got the opportunity because I was in the country he came from. It did pay off for them it seemed, even before this new ATH -- and I will agree his kids won't lose much from regular school (but Dutch education is in many ways better than what I got and I think they will miss out on some social things).

I suppose it wasn't so much extreme to me (and not to them, since Didi was brought up the same way) but just the choices you make for your family perhaps restricts options for them. Not everyone everywhere would have the same access or means like them, or would prefer it.

Fairplay to them, I think theirs is a great story and long may it be so.


It's nothing strange, young people lose their things so easily that it's incomprehensible to me, and here I'm primarily thinking of mobile phones and wallets - although private keys should be something that's not so easy to lose if stored in a safe place. I hope you didn't pay dearly for that experiment, but at least now you know that your BTC are still the safest in your possession.
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I didn't. It was the only way to truly see if they could take that responsibility that comes with Bitcoin, so it was worth the lesson learnt. The only time the kid's come close to self initiative in taking more interest was when NFTs came along... so I guess I'm the holder for a long time to come...

If there's a tradition in a country to gather some money for one's child throughout the child's life, then sure, why not try it in Bitcoin. But not everyone has kids. Some already have grown-up kids, and some will not have kids for years to come, some are just child-free or don't have a partner to have kids with. Also, some might have kids but want Bitcoin investment for themselves, which is also understandable. So while putting away a small amount regularly and hodling for a long time is good, maybe there's no need to tie it to children 

It can be different in some way like some use a bank and a fiat money instead of bitcoins. That's because they are not aware of btc. Some heard of it already but they are unsure of its future. In short they have more trust in fiat and banking. Oh well that is their decision and we are out of it already. I think what's important for now is that they care for the future of their child more than themselves. That is still commendable.

For us who are here in cryptos, we know the potential of btc so we use this as a medium instead. In your case, 6 years of stacking could go a long way. Not only you can have more coins during that time but the value of btc can now over be $300k or more. That will be awesome.

I agree that you shouldn't spend your child’s money. I remember as a kid my family had a lot of troubled periods in our life, and it was understandable that they had to use what I saved aside, and I am not angry about it because they had to raise me somehow and there was a lot of money problems at the same time. But that did left me with the idea that "what’s the point of saving, it will all be gone one day when everything goes bad" and left a pessimistic idea in my mind.

So, I kept on spending it and not invest in anything. Even after I found out about bitcoin, I didn't save for many years, only years later I realized saving and investing into it would be a good idea.

The suggestion you made not only applies to BTC but in investing in general. If you save capital in a monthly/yearly basis, the returns would be profitable in the following years given that it is unrecognized income. Though I agree with your suggestion, it must be considered in case-to-case basis given that the value of BTC is very inflationary and volatile.

In adherence to my above-mentioned statement, you should always convert your BTC into cash or to your desired currency if it reaches an amount higher than your initial investment. One thing that I learned over the years is that the price of BTC fluctuates and when you get too greedy, you might missed on the opportunity of converting your BTCs at its ATH to your desired currency.

Am not saying the person will spend the money, you might be able to hold, but I believe some people wont be able to hold, if you are saving fiat currency for your children, then most people can just overlook it because the amount you have saved won't increase, but when it's bitcon, let's say the savings have don like 2x, the person might just decide to sell and wait for correction so that they will enter again. They will believe immediately their is a correction, they can buy back and they will be able to accumulate more bitcoin.

I assume you mean Didi Taihuttu and his family who sold everything they had and invested in Bitcoin and as far as we can see it paid off for them. I think that his children are much happier than most others and that they will gain a lot of experience traveling around the world and that they did not lose much by not going to regular school. For some it seems a bit extreme, but everyone should follow what makes them happy, and in this case also very profitable.


It's nothing strange, young people lose their things so easily that it's incomprehensible to me, and here I'm primarily thinking of mobile phones and wallets - although private keys should be something that's not so easy to lose if stored in a safe place. I hope you didn't pay dearly for that experiment, but at least now you know that your BTC are still the safest in your possession.

I think your observation is correct but seeing that the OP is a newbie who is trying to express his feelings and share some useful information to the forum even though it's something most users are familiar with here I still encourage him or her to work hard and do more. Most users may find it difficult to read all the Op has written but going through the first line of his write up I understand  the message which he is trying to pass which is buying Bitcoin for an infant and Holding till the child is grown up.
All I can say to the op is this, buy and Holdl bitcoin is never going to be down forever.

Precisely it can be called a "Time Capsule" which will be a place for storing seeds are stored safely with stainless steel material that is resistant to water, fire, and corrosion. Regarding the problem of place or storage location, it can be in the land area of ​​​​the house or a place that has been determined.
this will indeed be a very extraordinary crypto legacy. and who will have access to or know where the treasure is only people who are trusted.

It's a good suggestion, I will speak for my self personally, in everything I do, I like to be realistic so that I don't end up being disappointed when things do not go the way I thought it or they should go...
The realistic issue here is that, no body knows what the future of bitcoin is like, there is no guarantee anywhere that if you are saving bitcoins for your child, by the time he becomes a teen, the price of bitcoin might or will have reached $500k, we  can only guess the future price of bitcoin, nothing is sure or certain.

So what I am saying in essence is that if anybody wants to save in bitcoin for their child, they should get rid of this mindset of bitcoin is so and so, and they expect it to be so and so in so so year, this is to avoid disappointments, 1 bitcoin wil always be 1 bitcoin, the face that fiat currencies are heavily loosing their purchasing power due to heavy inflation is a enough reason already to keep ones money in bitcoin, get rid of the price mentality, because if you keep calculating the price of bitcoin in USD, you might end up disappointed some day when bitcoin fails to reach a USD price you anticipated.

It's true as you said, the level of risk must exist, because we don't know when we die, how can we give the key to them, have you thought about all that, it's great to invest in our children, so they can enjoy the results that we have invested, but we must be able to find a solution to be able to give the private key to our children, so that our investment is not lost buried with us.

One of good ideas to be have but the question here is can you take all the happenings on bitcoin and can you handle the market stress brought up by bitcoin since we would never know on when the price of bitcoin would reach at ATH and maybe by the time your child reach at the right age the price of bitcoin will dump since there's what we call bearish trend so I guess even though you intend your holding for your child do also a smart move to multiply it since not selling on multiple ATH happen will cost a lot of minus profit to you and him/her.