Have another source of income and use that to support your family so that if you ever had some spare money, that's the money that you'll use for investing in bitcoin.
Don't forget that when you invest in bitcoin in the long term, you'll have the idea when to sell and when to buy more.
But, you're also free to sell at any time as you wish if you needed the money. Because many weren't able to follow the plans that they've set as we've said that we're going to hold all that we've got for a certain period of time.
Topic: I will invest in bitcoin for my child's cost when they grow up. (Read 524 times)
February 02, 2023, 01:58:28 PM
It is a very good decision you have taken. These is what some parents do by saving money for the future for in the bank. Instead of saving money in the bank over some years which the money will lose value over time . It is better to invest it in bitcoin and it will definitely yield good profit by the time will grow up. People put their money in the bank to save for their kid future and they forget that money is losing value. Long-term investment in bitcoin is just the best, so far as the money won't be needed in a short time.
February 01, 2023, 11:37:53 PM
I see lots of people who have long term success investing in bitcoin. for example, like people who bought bitcoin in 2009 and sold it in 2021 when the bitcoin price was high.
now I have a child and my child is still small, of course the bigger my child is, the living expenses will also be greater.
so I plan to buy bitcoin and will invest in bitcoin for the long term, with the intention of paying for my children in the future, such as for school capital and my child's future marriage.
but I am also aware of the risks of investing in bitcoin, but I personally am ready for the risk of investing in bitcoin.
I want to know your opinion?
Some people put their money in fixed deposits and due to inflation the fiat would keep losing value until it becomes worthless. Although investing in bitcoin is also risky due to volatility but it is far better than fixed deposits. The price Bitcoin can appreciate and this fact has been proved again and again. The good part of your plan for your child is that it is long-term which means there are possibilities that the price might double. It is also good that you now the risk that is associated to bitcoin investment and you sound prepared for it. now I have a child and my child is still small, of course the bigger my child is, the living expenses will also be greater.
so I plan to buy bitcoin and will invest in bitcoin for the long term, with the intention of paying for my children in the future, such as for school capital and my child's future marriage.
but I am also aware of the risks of investing in bitcoin, but I personally am ready for the risk of investing in bitcoin.
I want to know your opinion?
But it is also good to diversify your investment for your child. Don't just invest in bitcoin alone, search for other good investment platforms. In my country the real estate sector is very lucrative. One can buy a land in an underdeveloped place and leave it for some years and you would be surprise how the price have appreciated. I wish you good luck and I hope your child grows and also pick interest in bitcoin.
February 01, 2023, 11:21:31 PM
First of all during 2009, no one exactly knew what Bitcoins are capable of. So I have hardly heard about anyone, who invested seriously for long term during 2009. They just bought Bitcoins and used to trade it with normal digital goods. I am glad to see that OP, you are thinking about your child, and caring about his future. But to be honest, relying completely upon Bitcoins won’t be a good decision. I am not saying Bitcoins are bad, but yes completely relying on those might end you up in some problems. Moreover Is Bitcoin regulated in your country? Have a check on that, and then invest wisely.
February 01, 2023, 11:00:33 PM
There are always two sites in investment, one is the positive site and the other is the negative site. We always see positive aspects being highlighted in various social media. As a result, many people are interested in investing after seeing the positive aspects of investment and without thinking about anything else, they invest. Later they faced huge losses by investing. But since you know both investment sites and you are ready to take risk for investment, you can invest thinking about your child's future if you want. But there are many differences between the market of 2009 and 2021. If you want to invest now, you must invest for the long term. If you invest for a long time, hopefully you will get success. Best wishes for your child's future.
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February 01, 2023, 08:18:46 PM
It is a good thought to be open to investing your money long-term. It is a way to prepare your children's future through bitcoin investment and before you do that, you must develop your investment plan.
And if you are ready to accept the risk of investing in bitcoin, you can start investing and do it for a certain time. You also have to learn to manage your emotions, how to save your personal wallet properly, how long it takes to prepare the investment, the amount used each time you invest, when you can sell bitcoins and others.
And if you are ready to accept the risk of investing in bitcoin, you can start investing and do it for a certain time. You also have to learn to manage your emotions, how to save your personal wallet properly, how long it takes to prepare the investment, the amount used each time you invest, when you can sell bitcoins and others.
February 01, 2023, 07:12:33 PM
I see lots of people who have long term success investing in bitcoin. for example, like people who bought bitcoin in 2009 and sold it in 2021 when the bitcoin price was high.
now I have a child and my child is still small, of course the bigger my child is, the living expenses will also be greater.
so I plan to buy bitcoin and will invest in bitcoin for the long term, with the intention of paying for my children in the future, such as for school capital and my child's future marriage.
but I am also aware of the risks of investing in bitcoin, but I personally am ready for the risk of investing in bitcoin.
I want to know your opinion?
As long as you accept that there's a risk in investing in Bitcoin, you don't have to worry. When you know the risk of investing in Bitcoin, you will be more clever on using your money. But I suggest you in Bitcoin, don't always mind it or always looking at the chart because it might develop an emotional damage on your mind that will affect your investment plan. Set a plan then simply follow it. now I have a child and my child is still small, of course the bigger my child is, the living expenses will also be greater.
so I plan to buy bitcoin and will invest in bitcoin for the long term, with the intention of paying for my children in the future, such as for school capital and my child's future marriage.
but I am also aware of the risks of investing in bitcoin, but I personally am ready for the risk of investing in bitcoin.
I want to know your opinion?
February 01, 2023, 07:03:24 PM
invest in bitcoin for the long term and the money is for children's cost when a child has grown up, in my opinion it is a good thing but of course there is a risk in investing and your investment could suffer losses because we will not know the price of bitcoin for the long term, but It seems you are ready to take the risk if one day you experience a loss.
and in my opinion you are a great person, because you have the courage to take risks if your investment suffers a loss,
and I hope that your investment in btc will be successful and get big profits.
and in my opinion you are a great person, because you have the courage to take risks if your investment suffers a loss,
and I hope that your investment in btc will be successful and get big profits.
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February 01, 2023, 06:19:50 PM
OP, I would love to ask, "What is your main motive for investing in Bitcoin?"
Are you investing in Bitcoin so that you can use the future profit to foot your child's bill, or are you investing in Bitcoin because you think people who invested in 2009 and sold in 2021 made a huge profit?
Joyram Shaw said, "Expectation kills." "Just go with the flow; you might be surprised when something better comes along in an unexpected way.”
It's a good idea to invest in Bitcoin for your child, but you should also have a backup plan should your expectations not work out well. Since Bitcoin has two seasons, the bear and the bull, situations might arise where you may need to sell and collect the money, but that might not be in a good season to sell. It is wise to have a fiat backup fund, and it is also good to educate your kids about bitcoin investment and financial management when they have come of age.
Are you investing in Bitcoin so that you can use the future profit to foot your child's bill, or are you investing in Bitcoin because you think people who invested in 2009 and sold in 2021 made a huge profit?
Joyram Shaw said, "Expectation kills." "Just go with the flow; you might be surprised when something better comes along in an unexpected way.”
It's a good idea to invest in Bitcoin for your child, but you should also have a backup plan should your expectations not work out well. Since Bitcoin has two seasons, the bear and the bull, situations might arise where you may need to sell and collect the money, but that might not be in a good season to sell. It is wise to have a fiat backup fund, and it is also good to educate your kids about bitcoin investment and financial management when they have come of age.
February 01, 2023, 05:57:44 PM
I'm assuming you aren't gonna use the money for child support in order to invest in Bitcoin but if you do, then that's a different story. 
Anyway, if you have enough money to make an investment then go for it as long as you know how to keep it for a long time all by yourself. There's a lot of information on the internet or even in this forum on how to protect yourself from losing those coins while it's in your own wallet.
Plan everything ahead and also I think you have to buy Bitcoin when it's cheaper or else you will get small amount if you buy at the top since you planned to hodl it for a long time.
Anyway, if you have enough money to make an investment then go for it as long as you know how to keep it for a long time all by yourself. There's a lot of information on the internet or even in this forum on how to protect yourself from losing those coins while it's in your own wallet.
Plan everything ahead and also I think you have to buy Bitcoin when it's cheaper or else you will get small amount if you buy at the top since you planned to hodl it for a long time.
February 01, 2023, 05:43:22 PM
I see lots of people who have long term success investing in bitcoin. for example, like people who bought bitcoin in 2009 and sold it in 2021 when the bitcoin price was high.
now I have a child and my child is still small, of course the bigger my child is, the living expenses will also be greater.
so I plan to buy bitcoin and will invest in bitcoin for the long term, with the intention of paying for my children in the future, such as for school capital and my child's future marriage.
but I am also aware of the risks of investing in bitcoin, but I personally am ready for the risk of investing in bitcoin.
I want to know your opinion?
This is a good plan; however, I would advise you not to put your child's trust in Bitcoin and to consider diversifying your investment. Their investment is what will determine your long-term profit. You could invest in real estate, you could invest in agriculture, and you could buy good stocks. In addition to Bitcoin, you should consider the following viable alternatives for your child. now I have a child and my child is still small, of course the bigger my child is, the living expenses will also be greater.
so I plan to buy bitcoin and will invest in bitcoin for the long term, with the intention of paying for my children in the future, such as for school capital and my child's future marriage.
but I am also aware of the risks of investing in bitcoin, but I personally am ready for the risk of investing in bitcoin.
I want to know your opinion?
February 01, 2023, 05:23:48 PM
I want to know your opinion?
It is simple like the earlier replies, invest only the amount that you can afford to lose. If you are somehow tight on budget with your current work, you can always find a side job and the earnings from that side job can be invested in your plan of accumulating Bitcoin. Another thing is you have to be patient and should establish your selling point. Bitcoin is already known to us but there are lurking frauds and scams that exploit the Bitcoin industry so better be aware of them.
February 01, 2023, 05:12:28 PM
Saving bitcoins for your children is a great idea. You don't only save it, the price of bitcoin will grow in the meantime, and you don't have to pay any tax or fees to the bank.
Use a secure hard wallet and keep your seed phrases safe. Also, you will find many topics and threads already created on this forum for how you can keep your bitcoin wallet safe and what wallet you should use for better security purposes
There’s a risk but since OP is willing to take it, I hope he succeeded on this.Use a secure hard wallet and keep your seed phrases safe. Also, you will find many topics and threads already created on this forum for how you can keep your bitcoin wallet safe and what wallet you should use for better security purposes
Doing DCA is a good strategy for a long term investor, and with Bitcoin it can be more profitable of you do it during the bear trend. Using a hard wallet is ideal and advisable to protect your investment, just hide the keys properly and always have a back-up plan. The market is getting better now, take this opportunity to plan long term.
February 01, 2023, 05:11:32 PM
but I am also aware of the risks of investing in bitcoin, but I personally am ready for the risk of investing in bitcoin.
It's OK to invest in bitcoin long term in bitcoin [it's wise decision]. I assume your child is currently 2 or 3 years old and currently bitcoin are worth $23K. You have another 15 years until your child grows up, but have you seriously considered what if bitcoin won't give you the returns you deserve in 15 years?Even if you really say that you are ready to take all the risks, but I don't think you are really ready to accept the loss if you lose all your bitcoin because of your own fault. I mean, the safety of your wallet is your sole responsibility and having custody of your assets is recommended. You need to consider having way to keep your bitcoin safe, and have you thought about it now?
February 01, 2023, 05:01:03 PM
Saving bitcoins for your children is a great idea. You don't only save it, the price of bitcoin will grow in the meantime, and you don't have to pay any tax or fees to the bank.
Use a secure hard wallet and keep your seed phrases safe. Also, you will find many topics and threads already created on this forum for how you can keep your bitcoin wallet safe and what wallet you should use for better security purposes
Use a secure hard wallet and keep your seed phrases safe. Also, you will find many topics and threads already created on this forum for how you can keep your bitcoin wallet safe and what wallet you should use for better security purposes
February 01, 2023, 04:55:08 PM
I see lots of people who have long term success investing in bitcoin. for example, like people who bought bitcoin in 2009 and sold it in 2021 when the bitcoin price was high.
Honestly, I'm doing it too because I think it's a very good step for the future. Investing in Bitcoin becomes profitable especially if our target is for the long term. It's just that we have to understand and be aware that we also have to use money that is truly free funds so that it won't interfere with our financial stability. And this is one of the investments, because maybe there are other things that are prepared for the big needs in the future of our children, of course. As long as we have the target and we sell the coin at the right time in the bullish era in the future, I am sure that this will not be disappointing. But once more, we must be also aware of the risks that we may hold, nothing knows the future, and that is why there is always a risk. 
February 01, 2023, 04:41:53 PM
Well, that is a good plan but what's more practical is to invest in land based properties to be passed down to your child when he/she turned the right age. Indeed this industry has lots of potential but never be too confident given that this technology is still not widely accepted as a currency across different countries. There are still problems with its adoption which adds risk along with market price volatility. If it is assurance that you are planning, choose a less risky decision to avoid regrets in the future.
It sounds like a reasonable plan. Do not keep the coins on any exchange though, preferably use some type of cold storage since computers can be compromised also. It certainly sounds like you have the right time frame, not days, weeks, or months, but years. Depending on what country you are located and the potential amount of value involved later, remember to consider that some places will impose gift taxes to larger amounts so gifting now vs gifting later (post-appreciation) could be smart.
Its storage is another reason why there might be problems with such plans. If it would be hardware wallet to be used, what if it got lost? If it is online wallet, what if it was accessed by different people without consent? These are simply added risks for planning to do so, as I am trying to point out above.
I see lots of people who have long term success investing in bitcoin. for example, like people who bought bitcoin in 2009 and sold it in 2021 when the bitcoin price was high.
now I have a child and my child is still small, of course the bigger my child is, the living expenses will also be greater.
so I plan to buy bitcoin and will invest in bitcoin for the long term, with the intention of paying for my children in the future, such as for school capital and my child's future marriage.
but I am also aware of the risks of investing in bitcoin, but I personally am ready for the risk of investing in bitcoin.
I want to know your opinion?
now I have a child and my child is still small, of course the bigger my child is, the living expenses will also be greater.
so I plan to buy bitcoin and will invest in bitcoin for the long term, with the intention of paying for my children in the future, such as for school capital and my child's future marriage.
but I am also aware of the risks of investing in bitcoin, but I personally am ready for the risk of investing in bitcoin.
I want to know your opinion?
It sounds like a reasonable plan. Do not keep the coins on any exchange though, preferably use some type of cold storage since computers can be compromised also. It certainly sounds like you have the right time frame, not days, weeks, or months, but years. Depending on what country you are located and the potential amount of value involved later, remember to consider that some places will impose gift taxes to larger amounts so gifting now vs gifting later (post-appreciation) could be smart.
February 01, 2023, 03:38:37 PM
I see lots of people who have long term success investing in bitcoin. for example, like people who bought bitcoin in 2009 and sold it in 2021 when the bitcoin price was high.
now I have a child and my child is still small, of course the bigger my child is, the living expenses will also be greater.
so I plan to buy bitcoin and will invest in bitcoin for the long term, with the intention of paying for my children in the future, such as for school capital and my child's future marriage.
but I am also aware of the risks of investing in bitcoin, but I personally am ready for the risk of investing in bitcoin.
I want to know your opinion?
Just stick into things on what you do have in mind because we do have different approach and dealing when it comes to investment.Its good that you do still have the money to be allocated or to be saved up now I have a child and my child is still small, of course the bigger my child is, the living expenses will also be greater.
so I plan to buy bitcoin and will invest in bitcoin for the long term, with the intention of paying for my children in the future, such as for school capital and my child's future marriage.
but I am also aware of the risks of investing in bitcoin, but I personally am ready for the risk of investing in bitcoin.
I want to know your opinion?
on Bitcoin because other people cant really do such thing.So this is really an opportunity for you at least on going for long term.The importance on here is that you are aware of the risk and this is what natter the most.
Dont go all in and its always still better to save up some funds in fiat even we do know on how shitty we do know about fiat but still it could really make out some assurance somehow when it comes to future talks.
Just stick into those things that you do have in mind because we dont know on what the future looks like.
February 01, 2023, 03:28:05 PM
This is what I am doing basically and I am doing it for even further down the line. I want my future child to have the option to do whatever they want in life. Doesn't mean that they should do something illegal, lol. But more like, most people who do not go into arts, do not go in because they want to make sure they can make money first. As someone who is in art world, I can tell you that it is not that difficult to make money, you can do whatever you want and make money as long as you look where the money is.
It won't be exactly what you want, but it will be the job you want. I want to make sure my kid knows this, and after they graduate college or whatever they go to, I want to give them a good small income that would guarantee a life of ease, and that will make sure they won't have to work for money. If they just want to sit at home and watch movies and drink beer all day, they can do that too, that's still a life worth living I believe, but if they ever want to do something, they won't have to worry about income.
It won't be exactly what you want, but it will be the job you want. I want to make sure my kid knows this, and after they graduate college or whatever they go to, I want to give them a good small income that would guarantee a life of ease, and that will make sure they won't have to work for money. If they just want to sit at home and watch movies and drink beer all day, they can do that too, that's still a life worth living I believe, but if they ever want to do something, they won't have to worry about income.
January 31, 2023, 11:35:44 AM
OP I assume you already understand how bitcoin works and how to keep them safe, right? It is also better to DCA when investing in bitcoin since we never know if it goes up or down in short term. You can invest a portion of your income to buy bitcoin weekly or monthly. I am buying bitcoin monthly as well. And only use a portion of your savings to buy bitcoin as you also need to diversify your investments for better protection. You can also check your local bank's time deposit rates and see if they are practical for another set of long-term investments for your child.
I am curious about OP preparing for the child's future marriage. Let the kid shape his own destiny. Just send the child to school and you're good.
I am curious about OP preparing for the child's future marriage. Let the kid shape his own destiny. Just send the child to school and you're good.
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