I invested $100 for 18 years for my new born nephew - page 3.

mia_houston

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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.

rodskee

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Have any plan to give more in future if at some point you earn good in your bounty hunting ? because checking your profile it is indeed that you are a bounty hunter so would you be interested in buying more if take jackpot in your one bounty?

because this amount is really cheap even if we are talking 18 years here.

Bitcoin may be hard to reach million dollar so how more for 10 million for this 100$ amount in bitcoin reached the target for college education plan?

in 18 years the amount of college education would be x10 also.

michellee

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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,.

It is a good decision and I agree with you. But we do not know if that amount will be enough to cover his study costs in the next 10 years-18 years later because I think the study cost can increase from time to time. But I think that amount can help your nephew in the future.

Maybe you should also hold the seed just in case your brother forgot where he placed the seed so if something happens, you can help him restore the wallet. We can say that in the next 18 years, the bitcoin price will be more than $100,000 but we do not know the right so it is more patient to hold that amount and I am sure you and your brother can do that.

perfect999

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

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.

It’s not a bad investment, at least in the next five years that amount would likely be a double of what you have invested now, and if they are able to hold it for that fifteen years or even eighteen years, it would likely turn out to be a huge investment for them.

I also feel that you should as well keep a copy of the seed, in case the parents should misplace it, since they don’t know much about cryptocurrency and all that, so they wouldn’t make such a mistake. But, if you feel that it is being kept in a safe place and they wouldn’t misplace it, then it’s alright about them holding it.

TheEconomists

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Quote from: ChrisPop on January 23, 2022, 07:15:18 AM

$100 is a big amount if the salaries in your country are so low ($90 for a security guard). That's at least 160 hours of work. Putting that money in Bitcoinfor the long-term is a good call, but you shouldn't place your nephew's education solely on that investment. Also I'd say the $100 would be better spent in education for your brother so he can get a higher paying job. The ROI on education is net superior to any financial investment when you don't have much capital.

But education also depends on your brother's time and willingness to learn and develop.

You have no idea how old is his brother before you talk of educating the brother and what level of education do you think $100 can provide in his county.
Op, remember that your nephew need to be in school before the age 10-15 as you mentioned in above and he is not in school before reaching that age then it will be difficult for him educational wise. 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.

BuNga_cute

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Quote from: TheGreatPython on January 25, 2022, 04:21:48 PM

Quote from: bitterguy28 on January 24, 2022, 03:32:40 AM

Wow this is a very inspiring post , if i only have merit i will surely send you one because you are one of the most generous person that exist here.
Imagine that it wasn't your son and that is only your niece and knowing that you have no much funds yet you are investing for his future studies?
yeah that is small amount but for a people that has limited funds that would be a big help.

That maybe a small fund but not all people can do that. There are people that are rich enough and yet cant even lend a help even small amount and even if related to their family. It does not matter at all if it is small but what matter the most is that we helped someone.

100 dollars may look so small to some but if that promised is kept i mean if its followed strictly by holding it for 18 years, the value of it is surely going to be very huge. Let's just remember what happened to the value of btc when it started at the begging compared to what it got now, sure the price dumped almost half but the gains are still there. It is still noticeable.

Not everyone has the awareness to help others, because I see many rich people who only think about themselves. So it doesn't matter if we help others
with only a small amount of funds, the most important thing is that our intentions are good, and I believe the small funds can be useful for people who
receive it. So don't ever think we're not rich, then it is impossible to help others. Because helping others doesn't have to cost a lot of money,
we must also remember that the good we do to others, will have a good impact on us in the future. Especially if we help our family members,
that's something we really have to do, because fellow family members do have to help each other. And don't underestimate an investment of $100
in Bitcoin, because we all know that the price of Bitcoin keeps going up every year. So if holding Bitcoin in the long term, of course it can generate
very large profits, even though our capital is only $100.

darewaller

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Quote from: bittraffic on January 25, 2022, 01:31:43 PM

6 years ago the 0.002 BTC that was left in my very old electrum wallet now has a value of $80, it used to be less than $5. I remember betting just $2 everynow and then on a binary options with this electrum wallet. I stopped using the wallet but I did have an access to it which I already did withdraw.

BTC so far is worth keeping for long term is what I'm saying. 15 years will be worth holding than buying an altcoin you exp

Yep, I had the same experience too with bitcoin in the past, when a $15 dollars I left for a long time in one of my wallets increased to be bigger than what it was. Although that happened because I never used the wallet over those years, because if I was using that wallet I know for sure that I would have spent that money without wasting, but because I never used it for years, that’s how I was able to leave it there and even forgot about it, until I decided to make use of my coinbase wallet which was where the money was and when I installed the wallet and got back, I saw the money in there and it was worth a huge amount already.

AakZaki

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this will be a legacy investment that will be profitable in the future after another 18 years. $100 may be enough, but you should add it gradually to make even bigger profits. If all goes well and bitcoin is able to stay above $100k then this future investment could pay for your nephew's studies and even more. All have good hopes for bitcoin.
Investing for the long term is the right choice, it will provide good opportunities in the future.

TheGreatPython

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Quote from: bitterguy28 on January 24, 2022, 03:32:40 AM

Wow this is a very inspiring post , if i only have merit i will surely send you one because you are one of the most generous person that exist here.
Imagine that it wasn't your son and that is only your niece and knowing that you have no much funds yet you are investing for his future studies?
yeah that is small amount but for a people that has limited funds that would be a big help.

That maybe a small fund but not all people can do that. There are people that are rich enough and yet cant even lend a help even small amount and even if related to their family. It does not matter at all if it is small but what matter the most is that we helped someone.

100 dollars may look so small to some but if that promised is kept i mean if its followed strictly by holding it for 18 years, the value of it is surely going to be very huge. Let's just remember what happened to the value of btc when it started at the begging compared to what it got now, sure the price dumped almost half but the gains are still there. It is still noticeable.

peterpanda

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To be honest, I've thought about doing this a few times as well, but so far I doubt it. I think to collect more and buy something more global.

You have to implement your decision too otherwise there is no benefit. Actually we want to do many things but at last we do nothing what we plan for future. It's really good step from your side and I hope you maintain better use of it. Increase your collection and it will give you best rewards.

bittraffic

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Quote from: Slow death on January 24, 2022, 12:57:00 PM

Quote from: bittraffic on January 24, 2022, 12:17:11 PM

Thats a good gift for your nephew. I'd like to try that myself for the life of my nephew. Maybe he will remember me being a good strange uncle who gave him something worth. 15years is long enough I guess $100 will rise to 50x too. I'm not sure if I'd still be alive that day come but I hope hed not spend it for cocaine and hookers. 😁

Seriously, its a good idea. Maybe also intended for emergency purpose like if my nephew needs imediate medical operation or something.

I commented on this in this thread, investing in a period of 15 years is an extremely risky period because a lot can change in 15 years, the price can be stagnant due to having other better altcoins. We have to imagine that it is possible that 15 years from now there will be better altcoins and with that the price of bitcoin could be lower due to low demand

6 years ago the 0.002 BTC that was left in my very old electrum wallet now has a value of $80, it used to be less than $5. I remember betting just $2 everynow and then on a binary options with this electrum wallet. I stopped using the wallet but I did have an access to it which I already did withdraw.

BTC so far is worth keeping for long term is what I'm saying. 15 years will be worth holding than an altcoin. The nephew will likely prefer BTC too, its the most popular.

Oceat

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Quote from: kaya11 on January 25, 2022, 10:40:46 AM

This is better than nothing, good decision out there. You are a good man with a good heart, I salute you bro, on this time we are in, even family members don't trust you much if you are poor, they lack of respect and they will not see your worth but you are one not one of those.
Who knows after 10 to 15 years the seed was kept and it really reached those time of year, and by that time Bitcoin may will be more valuable than now, it is a great opportunity for them. Also I was touched particularly with the salary your brother is getting. It is way too low for me but also it better than nothing at all, now he must double his time for work to earn more and support his growing family.

I'm sure it will give a decent amount of money after 15 to 18 years and I hope the child or his brother won't be thinking of selling it too early if they are in desperate needs. A lot of people in the past did it already and yet they regret for what their decision during that time and I hope your brother or nephew won't do the same thing.

And also, keeping the private key in a paper wallet should be secured no matter what because what if a rat or termites eat the paper? OP should think in advance about the what ifs possible scenario to protect the paper wallet because 15 years is a long journey.

bittraffic

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Quote from: Slow death on January 24, 2022, 12:57:00 PM

Quote from: bittraffic on January 24, 2022, 12:17:11 PM

Thats a good gift for your nephew. I'd like to try that myself for the life of my nephew. Maybe he will remember me being a good strange uncle who gave him something worth. 15years is long enough I guess $100 will rise to 50x too. I'm not sure if I'd still be alive that day come but I hope hed not spend it for cocaine and hookers. 😁

Seriously, its a good idea. Maybe also intended for emergency purpose like if my nephew needs imediate medical operation or something.

I commented on this in this thread, investing in a period of 15 years is an extremely risky period because a lot can change in 15 years, the price can be stagnant due to having other better altcoins. We have to imagine that it is possible that 15 years from now there will be better altcoins and with that the price of bitcoin could be lower due to low demand

6 years ago the 0.002 BTC that was left in my very old electrum wallet now has a value of $80, it used to be less than $5. I remember betting just $2 everynow and then on a binary options with this electrum wallet. I stopped using the wallet but I did have an access to it which I already did withdraw.

BTC so far is worth keeping for long term is what I'm saying. 15 years will be worth holding than buying an altcoin you exp

Vaskiy

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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.

We don't know what will be the reality after 18 years. To secure the future, investing just $100 isn't enough in my view. As the plan is for 18 years, maybe yearly he can add $100 in bitcoin or some of the altcoins. This will surely create a strong portfolio after long years. Meanwhile the kid needs to be educated about Cryptocurrencies.

Maslate

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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.

kaya11

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This is better than nothing, good decision out there. You are a good man with a good heart, I salute you bro, on this time we are in, even family members don't trust you much if you are poor, they lack of respect and they will not see your worth but you are one not one of those.
Who knows after 10 to 15 years the seed was kept and it really reached those time of year, and by that time Bitcoin may will be more valuable than now, it is a great opportunity for them. Also I was touched particularly with the salary your brother is getting. It is way too low for me but also it better than nothing at all, now he must double his time for work to earn more and support his growing family.

mia_houston

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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.

suzanne5223

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

What do you think, guys?

I think you just make an incredible plan for the future of your nephew judging by the story of a Norwegian man’s that invested $27 in Bitcoin forgotten it for some years and the $27 investment later turned $886,000.

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

Will this amount be enough for his better study costs?

Maybe. It all depend on education expense in your country.

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

Though if the,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?

10 years should be ok but what's important is how the BTC is spent.

Reatim

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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 .

topbitcoin

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No matter what value, i think your elder brother maybe can know there are people who care with his child,and then he can do the same. I mean, in bitcoin we can spend as long it is market minimal order or maybe p2p and buy from other else. So he can follow your dream and you both can made his child happy in future, and the $100 can be more and more in future.

Topic: I invested $100 for 18 years for my new born nephew - page 3. (Read 820 times)