Topic: I invested $100 for 18 years for my new born nephew (Read 820 times)

I understand, but why not? Investing is actually exciting especially in crypto or bitcoin, if you are not that really excited on what will be your profit in the next 5 years, then better to do something else than investing your money in this space.

Well, bitcoin in the last five years grows a lot like, it's just 1k per btc way back then but look it now it grows 30+ folds even it dumps from 40k still that's huge amount to consider. See, this $100 might be worth +$3k in the next 5 years.

Since last week, we have been very happy because a new member has joined our family. Yes, last Saturday, my elder brother became the dad of a boy. After spending 9 days in the hospital, they came to our home. It really is a great feeling for me to become an uncle. He is the first baby in our family's next generation. So I thought of something for him yesterday. I thought I would make 15- 18 years of FD for him. so that we can provide him with a better education. We are not from a rich family. We belong to a lower middle class family. And my elder brother is working at a bank as a security guard. because he didn't study well. As a security guard, his salary is only $90 equivent a month in our currency. This won't be enough for him to give a better study. So I thought I would do something so that i can contribute little on his study. As a crypto member, I have finally made a decision. I will make an investment in bitcoin for him. But I don't have much money, but I can invest a little amount for him. Yesterday I bought $100 worth of bitcoin for him.

This is a really small amount, so my brother won't say no to me. Then I load it onto a separate account for him. And write the wallet ID (Means electrum wallet seed) on a note paper and give it to my elder brother and tell him to keep it for at least 15–18 years. And my trust in bitcoin says that after 15–18 years, this $100 could be a very handsome amount for my nephew. They don't have any technical knowledge, so I just told them to hold it. They will hold it. And when he becomes 10 to 12 years old, I will start teaching him about bitcoin so that if anything happens to me, he can easily access his account and get access to his reward. I am teaching my younger brother about bitcoin. He can also help. However, my family's wish is that all of the next generation members will be tech savvy. Because tech is the future.
 
What do you think, guys? Will this amount be enough for his better study costs? Though if they keep it for 10 years, at least that's enough for me. What do you think, guys? What will be the price of this $100 after 18 years?
I bought bitcoin at an average price of $35,546,.

It is true that no one knows about the future of bitcoin but when you talk about the possibilities then you have to agree on some of the contributing factors as well.

CBDC is part of the government's effort to compete with the dominance of crypto as a digital currency which is currently getting enough attention from around the world. The government's proposed CBDC effort will gain more support which could lead to more regulations regarding restrictions on the use of cryptocurrencies in different countries. I think this will prevent bigger bitcoin price growth in the future because you really can't go against your country's regulations if you don't want to be penalized.

You have that good intention mate. Preparation is really important as we never know what gonna happen to us. But if you have a huge amount and enough to run for a small business, that is much better than just holding your money. That I guess it was more helpful and even profitable, and you can't just feed your nephew alone but also the others.

With the market inflation, 18 years from now that $100 will become $10, I think. Maybe if we invest in crypto that possibly doubles the amount but still it was too small to consider for long-term investment. Maybe, if OP could add more at least $100 per year, that is already satisfying.

I understand, but why not? Investing is actually exciting especially in crypto or bitcoin, if you are not that really excited on what will be your profit in the next 5 years, then better to do something else than investing your money in this space.

Well, bitcoin in the last five years grows a lot like, it's just 1k per btc way back then but look it now it grows 30+ folds even it dumps from 40k still that's huge amount to consider. See, this $100 might be worth +$3k in the next 5 years.

This is how people thinking when they started bitcoin and then coming back mostly when they nearly or probably forget about it investing way back years ago at least 6 years.

Thinking bitcoin will increase for the next 5 years, a $100 will probably doubled in that time pan. Well, I could be wrong since this is typically a speculation but who knows, if there's nothing wrong happen in the future bitcoin is probably working like that, increasing only.

After spending 9 days in the hospital, they came to our home. It really is a great feeling for me to become an uncle. He is the first baby in our family's next generation.

Yesterday I bought $100 worth of bitcoin for him.
This is a really small amount, so my brother won't say no to me.

What do you think, guys? Will this amount be enough for his better study costs?

Nothing is assured that everything would increase and that you should really put up into your mind so thaht you wouldnt really be execting that much.

This is how people thinking when they started bitcoin and then coming back mostly when they nearly or probably forget about it investing way back years ago at least 6 years.

Thinking bitcoin will increase for the next 5 years, a $100 will probably doubled in that time pan. Well, I could be wrong since this is typically a speculation but who knows, if there's nothing wrong happen in the future bitcoin is probably working like that, increasing only.

A $100 investment isn't really capable of providing a decent return if the bitcoin price doesn't rise beyond 1 million.

Option 2 : Teach your Brother about Bitcoin and introduce him to this forum... if he qualifies for a good signature campaign, he can get between $10 to $50 extra every week doing that ...and he can save that for his child's future.