I invested $100 for 18 years for my new born nephew - page 4.

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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,.

Its hard to predict TBH. Even the experts can't predict the future of stock market in 10 years with a high accuracy.
Well, lets just base on the history of Bitcoin and just basing on the history it shows that Bitcoin in the last 10 years increase by an insane rate and no other asset can give you that profit in the span of 10 years. Will it happen again in the next 10 years? I don't know maybe but there is also a chance that it can't.

Another tip that might help you and your family is that, learn how to create wealth and pass it to your family members. You want to teach your family members right? Then teach them how to earn money online. Let them know that there is money online and what they only need is skill and perseverance. Give them everything that will help them maximize the technology because you already said that tech is the future

. Congrats as well.

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@Imran232
How much have you told your brother about Bitcoin? The paper you gave him with the seed phrase, does he know not to carry it with him in his wallet or use it in the kitchen as a place to put his cups on? Most people are used to having a custodian (financial institution) care for their money and they don't understand that lost seeds mean lost Bitcoins. I understand that you have kept a copy of the recovery phrase yourself.

Are you planning to gradually increase that $100 initial investment? Think of it this way. You bought at $35k. If Bitcoin goes up 100% (to $70k), your investment is now only worth $200. Who can say it ever will? We hope so, but there are no guarantees. How much will those $200 help the child with college tuition and whatever else you planned it to be used for? You might need to add to the stash from time to time.

Nice initiative btw.

Quote from: mindrust on January 23, 2022, 04:25:30 PM

You'll probably need something like $100k to cover his expenses and I am not sure if bitcoin will be able to make a x1000 run. Not impossible though.

Where? I am pretty sure that you and OP are living in totally different geographical regions. Based on the info that his brother makes $90/month working as a security guard, I am pretty sure that costs for a good high school and college education won't be around $100k in his country.

AicecreaME

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

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,.

This is a great initiative given the uncertainty that there is in life. It's really much better to invest and secure the future of your loved ones so that they would have something that they could use the moment they need funds later on. Because it's really hard nowadays if you would start from scratch. If they would have something that they could start off with, they would have lesser problems to think of. I commend you for preparing your nephew's future. Not everyone would really be generous and concerned given that we have our own battles and bills to pay attention to.

However, please remember that you shouldn't just rely on your investment in bitcoin. Because just like life, the trend of every cryptocurrency is uncertain as well. There would be times that the market would be uptrend and downtrend. If you still can, it's better to allot funds in different investment vehicles that could help you secure your nephew's education. If his parents are able, you can try to suggest letting them invest in trusted investments and safe from inflation platforms.

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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,.

You bought bitcoin at around 35000$. Lets suppose in 10 years time bitcoin goes 10x from here, which means bitcoin might be at 350,000$. It can go even higher, i am just taking the bare minimum. So in this case your 100$ will be worth 1000$ (100*10=1000). You can do the math yourself.

Now do you think that 1000$ will be enough for anyone to get good education in your country ? Only you are the one who can anser this question as every country as different living rates. Also keep in mind that there will be more inflation at that time. You did a good job by helping your brother family. In all the coming years, you keep on buying bitcoins if you got spare money, so that at the time when you need money for education, you can easily fulfill your needs.

traderethereum

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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,.

That is a good decision to prepare your nephew future using bitcoin as a long-term investment.
If everything works best as you wish, your nephew will have prosperity in the future and your brother's family will have much money to cover their life.
$100 can become bigger in the next 10 years, 15 years or even 18 years later so you have a good plan for your nephew.
The important thing is that your brother needs to keep it secret and not tell other people while he can work as usual until his son grows up and teaches them how to use bitcoin properly.
But it is hard to predict how much the price will be after 18 years so you can hope that the price will be higher than the last ATH.

lepbagong

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The first obvious thing is that your actions are something very good and always optimistic that bitcoin will continue to grow and not just go down.
there's nothing wrong with you doing additions regardless of the value consistently because by continuing to make additions even if it's small, when you give it to your nephew you can be sure the value is very guarantee for his future.

once again this is a very good example and can make appreciation for others to be able to also do for good purposes because kindness will be rewarded with kindness again.
Regarding the price of bitcoin in the future, it is certain that there will be an increase of 100x from what you are doing now.

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Quote from: mindrust on January 23, 2022, 04:25:30 PM

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,.

That $100 might become $10k or more in ten years. In the worst scenario it will go to zero but then you'll lose only $100. If bitcoin makes a x100 run, then you'll be sitting on $10k which will probably not cover his study costs. You'll probably need something like $100k to cover his expenses and I am not sure if bitcoin will be able to make a x1000 run. Not impossible though.

Bitcoin price is indeed difficult to predict in the future but GO TO ZERO is impossible again

have you ever heard what satoshi said that the lost Bitcoin is a blessing for other holders, as long as the bitcoin holders are still there and there are still many people who buy them then the bitcoin price will never GO TO ZERO

the thing on my mind right now is the $100 investment that the OP is making for his nephew's future will be tens of thousands of dollars in the next 18 years because I'm sure by that time cryptocurrencies had been adopted and bitcoin was the lead

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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

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Well, that's a good initiative to help the child prepare for his future. What a good uncle you are!
18 years is still far and a lot of changes for Bitcoin will happen for sure, and not to mention you have a good entry point at $35k by the way.
The one thing I am concerned about is the paperwallet you wrote for your brother. That might be lost for some reason and I guess it's more safer to have another copy to be kept by you or any other back up method for safety.

bittraffic

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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.

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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,.

Hold it for 18 years, you say? That sounds great mate as bitcoin is likely to be more expensive as time goes by, what more if you hold it for 18 years. Actually, that $100 is a little amount for now but that figure will change in the upcoming years and who knows it will be more than enough for his study costs alone and if you want you can check it 5 years from now and start to invest in other coins to maximize the profits more, one or two promising coins would suffice.

About the value of that $100 capital after 18 years, honestly, it's really hard to give some figures and predict what would be the value but surely that $100 investment will really grow in the future.

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Quote from: franky1 on January 23, 2022, 05:46:08 PM

bitcoin 2021 value: $67,000 max (+2.35x)
in short the multiplier per ATH cycle gets less and less per cycle

2021 ATH was actually 69k, not 67k. Also we don't know for sure whether current bull ran is over or not (it's not about hopium or not, it's about lacking a crystal ball).
However, the rest are ... guesses. You have better chance to be wrong than right.

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,.

First of all, congratulations!
Now about your question.. it's hard to impossible to make an accurate guess. Imho sky is the limit and 18 years is a really long time.

In case that this bull run is not over, it may be an interestingly big investment.
In the case you "bought high", you can DCA by making a few more such presents for an Easter, Christmas or one of the next birthdays. Then you'll be on the safe side and may indeed cover his studies.

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

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?

Of course, we don't know how much it will be after more than 10 years. But $100 is possible to be $10,000 if Bitcoin future is brighter. Anyway, I don't think 18 years is a must, 10 years is enough to hold the Bitcoin. They can take some profits and reinvest again after holding it for around 10 years. Convert a half to fiats for study costs, and a half for buying again Bitcoin or altcoins. Sometimes we need to consider to secure the profits after holding it a quite long time.

pushups44

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Smart move! Yes, bitcoin can fall under $30,000, but eventually the bull market will resume and people will have wished they could get it at these prices. There is also another halving event coming in just over two years.

Those who invest in the long term, especially with a horizon of 10 years or more, will be richly rewarded.

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First of all, congratulations. The house will never be like before. Having a kid in the house makes the family and its home become more alive.

I just hope though that you at keast briefed him about the basic functions of a wallet and the importance of the keys you gave him along with a little introduction about this industry because if not, that'll be a big problem if he somehow loses the private keys.

Also, if it were me, I would've chosen another coin other than bitcoin within the top 10-20 simply because of better potential returns. But still, 15-18 years is a long time, bitcoin may just be the better choice if you don't want the hassle of reading through a coin's white paper, developers, community etc. Anyway, good luck and again congratulations!

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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!

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Quote from: laredo7mm on January 24, 2022, 09:21:08 AM

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,.

If I could I would invest a few thousand dollars in bitcoin and leave it for 10 years but it doesn't go with my features. I think Bitcoin can be made more profitable by selling at a higher price per bull run and buying at a lower price in the bear market without leaving it in the wallet for ten years. After each bitcoin halving the price of bitcoin rises at the expected rate and the market remains bare the year after the bull run. This is usually the case till now. So when I have the opportunity to increase my bitcoin amount without any new investment then why don't I take that opportunity?

Well, holding for 18 years, 20 years doesn't make sense for me either. Honestly, I can hold that long and can't be profitable. And just like you, selling our coins during Bullrun is a healthy idea than just holding for a certain time. As we never know what will happen 18 years from now, we can neither speculate it right, and we can't be sure as well that we got a profit or maybe, we just lost our money.
What do I think about holding for that long? We have missed a lot of chances to gain more profit and we are facing high risks than just holding short-term.

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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,.

If I could I would invest a few thousand dollars in bitcoin and leave it for 10 years but it doesn't go with my features. I think Bitcoin can be made more profitable by selling at a higher price per bull run and buying at a lower price in the bear market without leaving it in the wallet for ten years. After each bitcoin halving the price of bitcoin rises at the expected rate and the market remains bare the year after the bull run. This is usually the case till now. So when I have the opportunity to increase my bitcoin amount without any new investment then why don't I take that opportunity?

If you have a long investment plan like 18 years, it is safer to keep Bitcoin in a non-custodial wallet as well as a private key or mnemonic phrase. Your key your coin.

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Quote from: romero121 on January 23, 2022, 11:52:57 PM

Quote from: boyptc on January 23, 2022, 07:13:13 PM

Congratulations to your brother and he's got a caring brother as well. That's around 0.0028BTC that you've purchased for the future of the baby. Let's do some math.

If bitcoin goes $1M, just for the sake of argument by that time frame you've set then 0.0028BTC = $2,800. Is that going to be enough for the college's education of the baby? Maybe it does if cost of living there isn't that expensive but with inflation year by year, maybe not.

And just do the math for another $1M increase.

But anyway, from what country are you? Working as a security guard that earns around $90 per month is low.

Yes $90 is really low to be a security guard. Another thing when the salary is paid low, atleast the government can provide education and healthcare free of cost. This will give the citizens peace of mind.

Anyhow the step taken to support the kids education is really appreciable. We don't know what will be the price of bitcoin after years. However we can't expect very big, because anything beyond certain price doesn't looks like a fair growth. Lets hope it'll help with the education and the guy has planned to teach him earlier about cryptocurrencies. Maybe that can help him make some extra money to fulfill his career dreams.

That's really the problem if the salary is low then don't expect things are going to be free such as health care and education. But let's wait for OP to answer that if they have free education, maybe at primary and secondary but not for college.

If it's from a developing country, maybe it shall be enough for a year or two but who knows? There are a lot of things that can happen for 18 years and maybe education will change by that time as it's already changing this time.

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

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's a bad idea if you do it now, moreover you invest $100 in Bitcoin, your nephew doesn't make much for it.

A lot of people have done that, they gave up, say 10 years like you said, if the price of Bitcoin goes to the $100k level, what percentage do you get, very little.

If you trade in Bitcoin it can, you have profit, if you make investments it's a mess, if I suggest, choose 2-3 cryptos that have good potential for the next 10 years, the cheapest, besides Bitcoin, invest your money $100, it's still a big possibility the value can increase.

Topic: I invested $100 for 18 years for my new born nephew - page 4. (Read 820 times)