I invested $100 for 18 years for my new born nephew - page 2.

BITCOIN4X

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Quote from: Imran232 on January 23, 2022, 06:50:36 AM

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,.

OP, do you believe that bitcoin will be worth $2 million or higher in the next 18 years? If not, think of it as a small gift for your new family member that he or she can use to make ends meet.

I don't think the 0.0028 btc you invest right now can finance your nephew's education after he turns 18, that's an insecure thing because we never know what changes will happen to bitcoin in the future or at least during that period. The price of bitcoin is very volatile, although we have found the fact that ATH is always possible but you can't expect such a small investment at this time.

Teach him about bitcoin, trading and also investing. If your brother manages to gain enough knowledge, he will be able to turn your $100 into hundreds of thousands in 18 years. Look, life is full of uncertainty because maybe he will be rich with $100 but in theory it will be very difficult if your brother is not able to take advantage of his opportunities.

Hypnosis00

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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.

Quote from: pawanjain on January 29, 2022, 09:38:37 AM

Honestly speaking $100 would still not be sufficient for education by then. 18 years is a long time and just imagine what would be the education cost by then.
Even if we consider that bitcoin goes 100x from now which is itself a big deal according to me, it would still give out only $10,000.
Do you really think $10k would be really sufficient for education after 18 years ? May be in a mid level college then yes but otherwise a big no.

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.

pawanjain

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Honestly speaking $100 would still not be sufficient for education by then. 18 years is a long time and just imagine what would be the education cost by then.
Even if we consider that bitcoin goes 100x from now which is itself a big deal according to me, it would still give out only $10,000.
Do you really think $10k would be really sufficient for education after 18 years ? May be in a mid level college then yes but otherwise a big no.

ice18

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Not bad, 18 years holding a bitcoin is really worth it, thats a long term goal and a lot can happen to bitcoin network and its adoption, the impossible price predictions today maybe achieve at this year like $1m - $10m, who knows. Goodluck OP, update us after 18 years Grin

.

Mauser

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Quote from: Imran232 on January 23, 2022, 06:50:36 AM

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,.

I think its a great idea. In my country banks offer similar products where you invest today and they guarantee a payout for the 18th birthday of the child. The problem is that the interest offered is very small, it's usually much better to invest the money yourself and give it as a present later. In the end it's like giving a loan to the bank for 18 years, but who knows if the bank will be around in the future. I really like your approach, you made your nephew a HODL investor for the next 18 years Cheesy

that should be a nice return for him then. And this will also make him interested in crypto currencies and learn something about them if he already owns some.

maju69

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First of all I would like to congratulate you on the birth of your nephew.
18 years is not a short time, and I think you have done the best for your nephew by investing $100. Surely it will be good for the future. We know it is not easy to invest in that period. But here you have given full rights to bitcoin to your nephew. So it can motivate more for you not to take it and even sell it.

Anonylz

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Good gesture, it is good to know you care so much about your nephew and his upbringing, $100 btc is not small if we can estimate in 10 to 18 years time at what price btc will be trading at,
there is a high possibility btc price is very high and your $100 investment increases a lot too, on the other hand, it can be the opposite, the more reason why you shouldn't rely only on your little investment for his studies,
Your brother needs to be more responsible now that he has a family to care for, find a way of earning more to support your nephews education when the time comes, I hope btc worth more in future so your gift can be more valuable.

KaliLinux

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Quote from: Luqman on January 28, 2022, 07:40:18 PM

Quote from: nurilham on January 28, 2022, 07:17:46 PM

we know that the price of Bitcoin is increasing from year to year and this is what makes it even more certain that Bitcoin will get a high value in the future.

No, you're wrong. Bitcoin is increasing from the first halving to the last halving, but not from one year to another year. Please check the Bitcoin price history in coinmarketcap or coingecko. By the way, I agree if Bitcoin price is already increasing very far, but it doesn't guarantee the price will be higher than the current ATH in the future. So, in my opinion, to expect Bitcoin to have a high price is no problem but don't rely your future with Bitcoin price.

I believe I understand what he was trying to explain there. Yes, we understand that Bitcoins price might be lower in some years during a full Bear season but overall as per what OP is basing his assumption of Investment on, In 18 years, you cannot say that Bitcoins price will be lower than this last ATH of $69k which I am sure @nurilham is referring to by his statement of the "price of Bitcoin is increasing from year to year" which I also agree that by that time, 18 years from now, the OPs $100 Bitcoin investment will certainly be way higher than its value now.

Luqman

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Quote from: nurilham on January 28, 2022, 07:17:46 PM

we know that the price of Bitcoin is increasing from year to year and this is what makes it even more certain that Bitcoin will get a high value in the future.

No, you're wrong. Bitcoin is increasing from the first halving to the last halving, but not from one year to another year. Please check the Bitcoin price history in coinmarketcap or coingecko. By the way, I agree if Bitcoin price is already increasing very far, but it doesn't guarantee the price will be higher than the current ATH in the future. So, in my opinion, to expect Bitcoin to have a high price is no problem but don't rely your future with Bitcoin price.

nurilham

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Everything can happen with Bitcoin, such as a desired price increase. Moreover we know that the price of Bitcoin is increasing from year to year and this is what makes it even more certain that Bitcoin will get a high value in the future. if that happens then the assets stored for your nephew will turn out to be bigger but indeed have to be more patient to wait for it for years. That's a great idea where people usually tend to give things away but you prefer to give Bitcoins that are valuable and useful. I also hope that in the future the price of Bitcoin can be higher as expected.

Shasha80

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Quote from: DoublerHunter on January 28, 2022, 05:52:49 PM

Quote from: usekevin on January 28, 2022, 10:39:22 AM

Quote from: Gamerholic on January 24, 2022, 10:54:44 AM

It's beautiful and romantic, but also smart and interesting in general! I hope I will live to see the moment when you fix this investment at some level and we will all see the result of the "experiment" with pleasure. I also similarly invested about $300 in 2018 when my only son was born. I hope he, too, will appreciate my initiative years later and rejoice at the "initial capital" that I am preparing for him! Wish you luck!

The investment for the other child was a special one.I had invested of 400$ for my brother daughter in 2017.The price had raised some little value . So I had withdrew every pump with some dollars. I had used the profit for myy brother daughter. After 2020, the price had raised a lot. Even now I had earned huge amount of profit.Till now I had not withdrew the funds.

^ I believe in the future the price of BTC will grow and folded so many times as I expected and I think investing now is not regrettable in the future. How many people now regret that they are selling their assets way back years. And now seeing the market grow up rapidly they started searching where those private keys were kept. If OP invested $100 now, it is possible it becomes multiple times in the future and if you do not withdraw yours, you still have a profit in the next following years. The more BTC adopted the more price went up.

We must be able to profit from the rising Bitcoin price, lest we be among those who regret not getting profit from Bitcoin. Sometimes we invest
in Bitcoin not only for our own benefit, we can also give the profit to help others. Especially helping our own families, like the OP bought Bitcoin
for investment for 18 years and it was a very good decision. If we look at the history of the movement of Bitcoin, the price of Bitcoin has
indeed experienced a very drastic increase over the past 12 years. So if the investment in Bitcoin is now $100, maybe in the next 18 years
the profit generated can go up very high. This means that helping our own families does not have to be by giving large amounts of money,
we can help with small amounts. But if we give the money in Bitcoin, it will be worth a lot in the future. There is no doubt that Bitcoin can make
human life much better.

DoublerHunter

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Quote from: usekevin on January 28, 2022, 10:39:22 AM

Quote from: Gamerholic on January 24, 2022, 10:54:44 AM

It's beautiful and romantic, but also smart and interesting in general! I hope I will live to see the moment when you fix this investment at some level and we will all see the result of the "experiment" with pleasure. I also similarly invested about $300 in 2018 when my only son was born. I hope he, too, will appreciate my initiative years later and rejoice at the "initial capital" that I am preparing for him! Wish you luck!

The investment for the other child was a special one.I had invested of 400$ for my brother daughter in 2017.The price had raised some little value . So I had withdrew every pump with some dollars. I had used the profit for myy brother daughter. After 2020, the price had raised a lot. Even now I had earned huge amount of profit.Till now I had not withdrew the funds.

^ I believe in the future the price of BTC will grow and folded so many times as I expected and I think investing now is not regrettable in the future. How many people now regret that they are selling their assets way back years. And now seeing the market grow up rapidly they started searching where those private keys were kept. If OP invested $100 now, it is possible it becomes multiple times in the future and if you do not withdraw yours, you still have a profit in the next following years. The more BTC adopted the more price went up.

South Park

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Quote from: Imran232 on January 23, 2022, 06:50:36 AM

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,.

This is something that people back in the day did with gold and silver, they bought some of it and then they keep it as a way to ease the financial burden of the education of children in the future, and while I do not think that is going to be enough to cover the education of your nephew, having more money has never hurt anyone, however if you could do this constantly and buy 100 dollars worth of bitcoin every other month or so then the chances this could cover the education costs of your nephew will be way higher.

Iranus

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Quote from: Coin_trader on January 28, 2022, 10:51:57 AM

Quote from: usekevin on January 28, 2022, 10:39:22 AM

Quote from: Gamerholic on January 24, 2022, 10:54:44 AM

It's beautiful and romantic, but also smart and interesting in general! I hope I will live to see the moment when you fix this investment at some level and we will all see the result of the "experiment" with pleasure. I also similarly invested about $300 in 2018 when my only son was born. I hope he, too, will appreciate my initiative years later and rejoice at the "initial capital" that I am preparing for him! Wish you luck!

The investment for the other child was a special one.I had invested of 400$ for my brother daughter in 2017.The price had raised some little value . So I had withdrew every pump with some dollars. I had used the profit for myy brother daughter. After 2020, the price had raised a lot. Even now I had earned huge amount of profit.Till now I had not withdrew the funds.

This is good if this is true. But its very hard to believe to this kind of success story especially if the user posting it don't provide proof and story seems too good to be true. You are telling me that you didn't even sell until considering how high the price grow already since 2017? I know you indicate few dollars for some taking profit but a normal investors should take profit during peak since you already bought in the bottom.

The story is too good to be true unless you provide proof for the wallet address that you are holding the funds since there's a date in blockchain records.

Yes, It is hard to believe unless he lost his Private key, Cheesy

Sometimes lazy can get rewarded, Wink

one of my lazy friends had some fund-rich bitcoin addresses in different exchanges and software wallets. He did the faucet and got a very small reward at that time, approx 2014 or 2015.
he was too lazy to sell those funds cause he thought those are very small amounts. But recently he figured out his claimed bitcoin turned into a valuable asset now.
recently he called a party and told us to be lazy to sell your bitcoin, Cheesy

Zanab247

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That is a good decision anyone can satisfied for their love ones in the community for them to grow massive in the future. Invested $100k on bitcoin for 18 year, show that a big development has entered the family that will make them not to feel bad than to start feeling good in the family.
Just try to impact the child with bitcoin knowledge so that when he grow up,he will know what you have done for him. But the child will know that you have all his account details and he will be afraid of that when he got to know more about bitcoin.

Coin_trader

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Quote from: usekevin on January 28, 2022, 10:39:22 AM

Quote from: Gamerholic on January 24, 2022, 10:54:44 AM

It's beautiful and romantic, but also smart and interesting in general! I hope I will live to see the moment when you fix this investment at some level and we will all see the result of the "experiment" with pleasure. I also similarly invested about $300 in 2018 when my only son was born. I hope he, too, will appreciate my initiative years later and rejoice at the "initial capital" that I am preparing for him! Wish you luck!

The investment for the other child was a special one.I had invested of 400$ for my brother daughter in 2017.The price had raised some little value . So I had withdrew every pump with some dollars. I had used the profit for myy brother daughter. After 2020, the price had raised a lot. Even now I had earned huge amount of profit.Till now I had not withdrew the funds.

This is good if this is true. But its very hard to believe to this kind of success story especially if the user posting it don't provide proof and story seems too good to be true. You are telling me that you didn't even sell until considering how high the price grow already since 2017? I know you indicate few dollars for some taking profit but a normal investors should take profit during peak since you already bought in the bottom.

The story is too good to be true unless you provide proof for the wallet address that you are holding the funds since there's a date in blockchain records.

usekevin

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Quote from: Gamerholic on January 24, 2022, 10:54:44 AM

It's beautiful and romantic, but also smart and interesting in general! I hope I will live to see the moment when you fix this investment at some level and we will all see the result of the "experiment" with pleasure. I also similarly invested about $300 in 2018 when my only son was born. I hope he, too, will appreciate my initiative years later and rejoice at the "initial capital" that I am preparing for him! Wish you luck!

The investment for the other child was a special one.I had invested of 400$ for my brother daughter in 2017.The price had raised some little value . So I had withdrew every pump with some dollars. I had used the profit for myy brother daughter. After 2020, the price had raised a lot. Even now I had earned huge amount of profit.Till now I had not withdrew the funds.

Hamphser

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Quote from: mia_houston on January 27, 2022, 06:19:23 AM

Quote from: Maslate on January 25, 2022, 10:50:11 AM

Quote from: mia_houston on January 25, 2022, 09:55:25 AM

Quote from: Reatim on January 25, 2022, 08:33:05 AM

in 18 years , 100$ might be worth x10 or even x50?

Wondering if Bitcoin can reach a Million dollar for this to have an best increase because in that time after 18 years the education expenses will surely increase so much high also so meaning if that 100dollar now amounting to 0.0025 so how much would that be in that year?

I'm afraid that the amount you invested will be enough when the educational funds needed that year .

I am quite happy with what the OP is doing, I think his good intentions to provide a good education to his nephew are certainly very worthy of our appreciation, but as you said the value of the bitcoins he is currently saving is quite small, maybe even after 18 years The OP nephew only gets a small profit from the bitcoins the OP keeps so far.
Let's say now OP has bitcoins worth $100 or 0.002, and after 18 years the price of bitcoin has increased to $1 million, so OP only has savings money of 0.002*$1,000,000 = $2000 and of course it's not that big of money in 2040.

Well, perhaps it was good to secure the future of someone we loved, and investing in Bitcoin is great but I can't just agree to hold for 18 years.
If only we are sure that Bitcoin still exists 18, 20, or 30 years from and the price is growing, many people had done this but because we won't that is really risky.

We can't assume anything in the future nor can do calculations because the chances were not going that way.

I think what the OP did must have gone through deep thought, so he invested $100 worth of bitcoins for his newborn nephew, maybe the value was not much but when the OP said he would keep the bitcoins for the next 18 years, of course the OP has enough optimism high on the development of bitcoin in the future, I think in 18, 20 and 30 years bitcoin will still exist but with a different value due to the development of an increasingly advanced era, we can see in 2022 alone many intuitions have used payments for products and services via digital, yes although with kurs still using fiat money transactions, but as technology develops, maybe in the future we will see if bitcoin or other crypto will be mass-adopted as legal tender to replace or as an alternative to using fiat money, and maybe later OP nephews will benefit from ari what the OP is doing right now.

Being optimistic isnt bad but you should also mind that there's no such thing about assurance if Bitcoin would still exist into those years but since the money invested isnt really that big then you wouldnt really make out
any complaints but for sure you would really regret if you hadnt invested more if bitcoins price would really go into those peak or ATH's.

So always invest on the amount which you can afford to lose.This would really test out your patience though since waiting time would really be long if you do tend to hold for long term.
We cant be sure on what would happen but basing with potential then it is likely to fly in the future in terms of value.

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Quote from: TheEconomists on January 25, 2022, 06:21:51 PM

I will advice that should try and get other source of income so that he can pay his son's school fee before age 15.

I guess that they would do that as the time of waiting will be that long. But the essence of saving and investing for the future of that baby is a good decision.
I guess with that span there will be more allocation to the college fund of the baby. They're preparing for that and the primary and secondary maybe won't be a problem to them as there could be scholarships and other educational help from their government if they have that program.

kryptqnick

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Congrats on the newborn, and it's so nice to hear you want to invest for him to have a better future. But something doesn't add up, and I wanted to ask about that. What sort of country is it if you say you're middle class and your brother earns $90 per month? Also, you then say $100 is a really small amount, but it's more than a month of salary, and then it's pretty huge, no? Are any zeroes missing, maybe? Like, $900 instead of $90, for example? Putting $100 for long-term hodling sounds very nice. I'm not sure such an amount can make a huge difference even if Bitcoin grows a lot, but perhaps it'll inspire them to invest a bit there as well, making the fund bigger. I think this $100 can become $500 or $1k, but probably not more than that, and $1k isn't a huge sum. I see now that franky1 made some calculations with similar estimates.

Topic: I invested $100 for 18 years for my new born nephew - page 2. (Read 820 times)