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Topic: Give your child/ren a bright future! - page 20. (Read 8502 times)

hero member
Activity: 3010
Merit: 629
May 31, 2017, 10:23:01 PM
#15
Its not necessary for me to open a wallet for my children because what im doing now is for the sake of them. its enough to have one wallet and continue saving btc. investing is risky so i wont put their savings in btc id rather put it in mutual fund or open a bank account for them to secure their financial needs in the future.
hero member
Activity: 1134
Merit: 502
May 31, 2017, 10:01:48 PM
#14
To all parents and soon to be parents out there,

Plan for your children or future children by saving Bitcoin for them. Buying them bit by bit would be a great investment for the future of your kids. I am saying that you must have a new wallet for your kids so that when they come at the right age, you can give them that wallet and imagine how bright their future will be. You can hold bitcoin for their education, life plans, or whatever you think of.

I believe that if you start storing bitcoin for them now, a bright future is ahead of them  Wink

I agree with saving Bitcoin for the future of your children but i disagree if you will buy Bitcoin even if its bit by bit because you need to think also of the worst case scenario. What if Bitcoin suddenly destroyed?. So if i were you if you want to save Bitcoin for your future children then i suggest don't buy Bitcoin instead join signature campaign and bounties and save those Bitcoin you get from joining signature or bounties for the future. That way if in the future if Bitcoin will be destroyed you will only wasted your time but not your money.
full member
Activity: 266
Merit: 103
May 31, 2017, 09:37:52 PM
#13
I know there are a ton of people here that Bitcoin is going to go on a moon shoot one day, but I'm not one of those people so I would simply advise against doing something like this. I would simply invest in a index fund through one of those low cost companies such as Vanguard which has a proven track record of increasing at about a rate of 7 percent per year, that should be good enough to grow your a bright future for your child. As it does kinda make me scared to think of Parents taking thousands of dollars, putting it into Bitcoin, then losing a ton of it cause it just goes down 99 percent the next day.

I'm not going to say the index funds I put above are without risk, as they do have risk, though the risk is much lower then putting savings for your child into a currency which is disgustingly volatile right now.

Oh wow I didn't see this when I posted but you pretty much wrote the same thing haha. Couldn't agree with you more.
full member
Activity: 266
Merit: 103
May 31, 2017, 09:36:19 PM
#12
To all parents and soon to be parents out there,

Plan for your children or future children by saving Bitcoin for them. Buying them bit by bit would be a great investment for the future of your kids. I am saying that you must have a new wallet for your kids so that when they come at the right age, you can give them that wallet and imagine how bright their future will be. You can hold bitcoin for their education, life plans, or whatever you think of.

I believe that if you start storing bitcoin for them now, a bright future is ahead of them  Wink

If you are serious about saving money for your kids' education or future needs, putting that money in bitcoin is an extremely irresponsible decision. You are far better off putting it into index funds and mutual funds, assuming it will be there for 10+ years. The risk vs reward over 10+ years for those funds is extremely favorable and for bitcoin it absolutely is not. This isn't really a debatable topic either - investing in any asset that is less than 10 years old, for a duration of 10+ years, is going to be riskier than investing in something that has had consistent behavior for over 100 years.

I happen to believe that bitcoin has a bright future but anybody who feels confident enough in that to put their children's savings into it is being foolish. Bitcoin investments should be made using money that you can afford to lose.
sr. member
Activity: 490
Merit: 251
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May 31, 2017, 09:24:43 PM
#11
I know there are a ton of people here that Bitcoin is going to go on a moon shoot one day, but I'm not one of those people so I would simply advise against doing something like this. I would simply invest in a index fund through one of those low cost companies such as Vanguard which has a proven track record of increasing at about a rate of 7 percent per year, that should be good enough to grow your a bright future for your child. As it does kinda make me scared to think of Parents taking thousands of dollars, putting it into Bitcoin, then losing a ton of it cause it just goes down 99 percent the next day.

I'm not going to say the index funds I put above are without risk, as they do have risk, though the risk is much lower then putting savings for your child into a currency which is disgustingly volatile right now.
legendary
Activity: 1148
Merit: 1048
May 31, 2017, 06:58:39 PM
#10
To all parents and soon to be parents out there,
I believe that if you start storing bitcoin for them now, a bright future is ahead of them  Wink
It is always a good idea for parents to invest wisely for the bright future of your kid,but you must have a diligent study about the future before investing your hard earned money,you must have a good entry point and if you are able to do that then it is a worthy investment as you could double or triple your investment in a short period of time.

Good point. If you truly love the kids, diversify their assets. Bitcoin is the bees knees, but it's one asset in a basket of many. Along with btc, make sure to save them plenty of Fiat, and some stock, possibly gold. This way, you can spread the risk of an uncertain future across multiple asset classes, making sure your value actually makes it into your kids pockets Wink

You also can't go wrong with land. It's not like they are making any more of it Wink
sr. member
Activity: 252
Merit: 250
May 31, 2017, 06:56:04 PM
#9
To all parents and soon to be parents out there,
I believe that if you start storing bitcoin for them now, a bright future is ahead of them  Wink
It is always a good idea for parents to invest wisely for the bright future of your kid,but you must have a diligent study about the future before investing your hard earned money,you must have a good entry point and if you are able to do that then it is a worthy investment as you could double or triple your investment in a short period of time.
hero member
Activity: 1414
Merit: 505
Backed.Finance
May 31, 2017, 06:55:49 PM
#8
I have already started also saving at least 1 BTC in one wallet just for future uses. Though 1btc is not yet reach, but I regularly added funds here to accumulate  whenever I have an extra btc. We did not know what might be the future but for bitcoin, all are very optimistic.
sr. member
Activity: 490
Merit: 250
May 31, 2017, 06:44:28 PM
#7
This is a cool thing and idea to start for your child or children.
All we need is assurance for this, like having gold, because of fluctuation, I am bit scared of putting all my money or saving for bitcoin because we do not know if in time come bitcoin will still increasing this kind of high, like for so many years,we do not know what will happen in next 5 years.

Because I am good in short term investment, I am pro-bitcoin for investment.
sr. member
Activity: 994
Merit: 391
May 31, 2017, 06:39:41 PM
#6
To all parents and soon to be parents out there,

Plan for your children or future children by saving Bitcoin for them. Buying them bit by bit would be a great investment for the future of your kids. I am saying that you must have a new wallet for your kids so that when they come at the right age, you can give them that wallet and imagine how bright their future will be. You can hold bitcoin for their education, life plans, or whatever you think of.

I believe that if you start storing bitcoin for them now, a bright future is ahead of them  Wink
that's what i am exactly doing. This is one of the best ways for guarantee their future.my investment is not only at bitcoin but also at altcoins which have big potential for the future. I also trade for increase the amount of bitcoin which i want to give my child. This is better than open a bank account and deposit a little bit every month. The profit of cryptocurrencies will be much better.
sr. member
Activity: 994
Merit: 257
May 31, 2017, 06:23:00 PM
#5
To all parents and soon to be parents out there,

Plan for your children or future children by saving Bitcoin for them. Buying them bit by bit would be a great investment for the future of your kids. I am saying that you must have a new wallet for your kids so that when they come at the right age, you can give them that wallet and imagine how bright their future will be. You can hold bitcoin for their education, life plans, or whatever you think of.

I believe that if you start storing bitcoin for them now, a bright future is ahead of them  Wink
This is a good idea back in the day my father told me that parents used to buy gold for their kids and then save it, it was like a tradition, but this tradition has gotten forgotten but I think this is going to make a come back with bitcoin.
member
Activity: 64
Merit: 10
May 31, 2017, 06:08:30 PM
#4
But you will have to find save place to keep your bitco
ins for such long period and not loose your wallet information.

A safety deposit box is probably a good idea for this. You risk losing it in your house from a fire or robbery unless you have a good fireproof safe, even then you should make sure the paraphrase is properly stored/labeled so it isn't mistaken as something that isn't of value.
legendary
Activity: 1218
Merit: 1007
May 31, 2017, 05:40:05 PM
#3
To all parents and soon to be parents out there,

Plan for your children or future children by saving Bitcoin for them. Buying them bit by bit would be a great investment for the future of your kids. I am saying that you must have a new wallet for your kids so that when they come at the right age, you can give them that wallet and imagine how bright their future will be. You can hold bitcoin for their education, life plans, or whatever you think of.

I believe that if you start storing bitcoin for them now, a bright future is ahead of them  Wink
Already been doing that, I plan to leave a lot for my kids anyways since there is little that I want more in my life now. It's just work and make sure they have something to continue on with and build value from. There's no point in leaving them next to nothing, especially not in today's world.

I don't know how much they'll have for the future, but I'll try my hardest to make sure they have a decent amount to live with.
legendary
Activity: 3234
Merit: 1375
Slava Ukraini!
May 31, 2017, 05:29:21 PM
#2
It looks like a good idea. And it's not neccessary to buy big amount of bitcoins. Even 1 bitcoin may be enough if bitcoin price continue to rise in long term. When your children turns 18, you will give bitcoins to your children. He/she may use it to pay for studies, rent a flat. Maybe after 18 years it will be possible to buy flat with these saved bitcoins, who knows.
But you will have to find save place to keep your bitcoins for such long period and not loose your wallet information.
sr. member
Activity: 364
Merit: 250
May 31, 2017, 04:38:27 PM
#1
To all parents and soon to be parents out there,

Plan for your children or future children by saving Bitcoin for them. Buying them bit by bit would be a great investment for the future of your kids. I am saying that you must have a new wallet for your kids so that when they come at the right age, you can give them that wallet and imagine how bright their future will be. You can hold bitcoin for their education, life plans, or whatever you think of.

I believe that if you start storing bitcoin for them now, a bright future is ahead of them  Wink
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