Topic: I will invest in bitcoin for my child's cost when they grow up. (Read 524 times)

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.

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.

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.

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.   

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.

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.

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.

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.

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.

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.

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.

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.

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.

There’s a risk but since OP is willing to take it, I hope he succeeded on this.
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.

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?

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

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.

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.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.

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
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.

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.

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.   

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.

I believe as you said of taking the risk so, whatever investment you are making should be on your targeted year and period of time. Then next is to look into the kind of wallet you should use because from your narratives, this may be investment of 10 to 20 years to come and security is the most important aspect of your investment. Without adequately securing and safeguarding your investment I doubt if you could be able to hold till the expected time. In this type of investment, you should also let known your partner or relatives for future purposes, imo.

Bitcoin investment involves a high degree of risk, as the price can be highly volatile from time to time. You should carefully consider your investment goals, risk tolerance, and financial situation before investing in Bitcoin. It is also important to do thorough research before making any investment decisions. If you are able to gather all the knowledge and are able to work as planned, then you can provide a bright future for your child. HODL is what we see in many people, and I'm also one of them. But in situation like this, for instance, in bear market you should learn to DCA. And what i can see is this is a great future plan.

It is absolutely good such a decision. You must understand that the bitcoin market is volatile so invariably, it means that you will be buying bitcoin in fractions and holding them for a long time. Buying them in fraction and with spare care which you can afford to loose is the best option but however, I know you will not loose them because bitcoin will do much better in price value in time to come so it is good you are in the right investment track.  You have already secured and insured the future of your kids by purchasing bitcoin for them and their future expenses are definitely covered with them protected from unforseen financial challenges in time to come.
Congratulations to you!
Congratulations to you kids!
Congratulations to your family!

I like what you did and I think I would take same step as you did although I am yet to get married but I will set same standard at follow it gradually.

That is a very good move and this will definitely help your child in the future if everything goes well, but you should understand that even if you do that for the long term you are taking a risk and this risk always will affect your child and her future so I suggest you to invest wisely and be very careful about how you are holding the bitcoins. Because from what we saw so far bitcoin is very good for investment in the long term but you cannot be sure what's going to happen in a few years so I suggest you invest in multiple assets to lower your risk.

It's a good and I wonderful idea to invest for the future of you child. Well making such decisions for your child is a kind of try to securing a what does really belong to you,I say that because haven't know the risky that you about kill in to,it obviously you need to take proper care of you wallet making sure it well secure from been harked.i pray may this price of yours that you about pay will bring profit and you making a good harvest.

To me that's a very good idea, bitcoin is a thing for the future, and let's say in the next 4-5 years is going to be in another level, even me right now am thinking of doing the same thing, you just gave me an idea, instead of opening a bank account for them I will rather invest in bitcoin for them, but one thing to be cautions of is the wallet, I will make sure to use a trusted wallet to avoid loss of my investment. This is a good point, and I will advise people to make this move rather to open a bank account for their children.

I don't think people who brought bitcoin during 2009 and hold it till 2021. There were a biggest pump during 2017-2018, So I don't think they could control theirself and hold the bicoin without selling except they forget that they had some fund in other wallet. Or the it’s too much rare who keep holding till 2021.

Btw it’s a good idea you want to invest in bitcoin. But make sure that you have already enough for your living cost for atleast a few years. And only invest the amount you afford to lose. Anytime anything bad can happen in crypto so keep prepared Your self to control yourself that time.

Investing in bitcoin for your children is not a bad idea at all because, with the way the world is going now, bitcoin will be a good investment in the future for many people to have the opportunity and believe to invest, and in other ways you also have educate your children by knowing that bitcoin is a good investment, although bitcoin has a negative side effect, which is the loss when it crashes, but I believe that by then, before your children grow up, bitcoin will be a wonderful and successful investment.

If the risk you're referring to here is about Bitcoin dumping, you should rest your mind. Yes of course Bitcoin will dump from time to time but that isn't something anyone who's into long term investment should be worried of. The risk for me for your kind of investment will be in the likelihood of you losing access to the wallet you will save the Bitcoin for your child through your own carelessness that will lead to either loss of password/PKey or wallet hack by a foreign body. Other than that, go ahead and invest in the future of your child. Bitcoin is a veritable investment.

indeed many people have invested in bitcoin for the long term, and they get big profits.

but you also have to be careful because you might experience a loss. but if your investment is in bitcoin in my opinion the risk will not be too high.

so I think your decision to invest in bitcoin for the long term is the right decision,
especially if you say you are ready to take the risk.

thanks for providing the link for me to read, and i have read it, and the wallet i think is safe is a hardware wallet.

and i invest in bitcoin using idle money, so even if i have loss in my investment in btc, i am ready to bear the risk.

This is a good point, for someone who wants to jump into the world of Bitcoin investment, if you are ready to take the risk do it, obviously you have to be able to deal with anything that will happen at any time in the crypto market.

In life in this world, most of what I see someone who can become successful and billionaires is caused by their desire to invest, regardless of where they do it, Bitcoin, gold, stocks, businesses and so on, the main goal is to make a real profit for some of the money they invest.

On the internet, maybe we often see someone investing in their child or family in the future, including for a certain period of time, maybe you can learn from this family: This family bet everything on bitcoin when it was $900 – and bought more when it crashed in 2018, the way they invest in Bitcoin.

There is nothing wrong with this plan but how sure are you that you will be alive that long to see your kids get married or something? I dont wish you bad but if you want the best for your kids you should teach them about crypto while you are still alive, what is the use of buying Bitcoin and when you are not here anymore they can't even sell.

I think a better plan is to teach your woman first, just in case, you may not be around while your kids are still very small, teach a trusted adult like your wife, and when you live to see your kids grow you can teach them later.

Whatever plans you have always think about when death comes knocking, no one lives forever and no one know when their time will be up.

I don't see anything wrong with it. There are some things that you might wanna consider.
Since you already said that you are aware of the risk of it, I guess you're good to go.

As long as you will not lose your private keys that holds that Bitcoin or if you will not lose your hardware wallet in the span of probably 1-2 decades then I think there's nothing wrong about it. With this, you believe that Bitcoin will rise in value in the next 5-10 years.

As for me, I already allocated a specific amount of Bitcoin that will be intended for my future child (I still don't have a child currently, but the earlier the better:)). Anyway, my opinion or suggestion for you is that, maybe you might wanna try to diversify into different assets like in dividend stocks if you are just doing it for your child. After all, the dividends that you can get into those stocks will help you in either your expenses or in your investment if you wanna re-invest it.

First, concentrate on your child and his/her expenses. Bitcoin investment is not a big deal at the moment as it can happen after some years. Invest whenever you have less liability in your life in Bitcoin. Please understand you only need to invest what you can afford. At moment you cannot! Please focus on your child first and later think about Bitcoin.


Buy Bitcoin if you can afford to lose your money in the sense that the price is very volatile. If you are in an emergency situation then the buying price as in when you bought would not be the selling price you expected. This is a global market and you have to be patient if you intend to buy Bitcoin. Some of us have been holding our patience for a few years now.

It's good that you understand all the risks of investing in cryptocurrencies and that instead of financially supporting your children in the future, you may be left without money. Nevertheless, you have made a good decision to invest in bitcoin, especially since the price is not high right now. I think it would be optimal for you to make BTC purchases 1 time per month.

You are aware of the risks of investing in bitcoin, and you are willing to accept it, there is no reason to stop this plan, it will be a great plan. If we compare bitcoin savings with fiat savings, it is clear that bitcoin is more profitable.

But I still want to remind you investing in bitcoin is very risky, and this is the money that you will save for your child, which means your child's future depends on the growth of bitcoin. Make sure that later, if this investment fails, you still have another good plan for your child.

Its a great idea seems it will be like a savings funds that can get higher returns in the future, Make sure to keep it safe where only you or your wife can access it, while it is safe that it will only you who knows it, there are events we can’t control and it’s better to have someone know where to find or use it. And still keep on monitoring the price whenever you buy. Alongside of holding bitcoin also try to have atleast a small portion for  a emergency fund or educational fund for your child so if ever the price of bitcoin still isn’t that high at times you will need it, there is still a fund a alloted for his school or emergencies that needed a money readily.

Not pretty sure what your question is so I suggest you read [1] https://cryptosec.info/ given you have decided to invest your money in bitcoin for the long haul. Remember that maintaining your financial security and handling it responsibly should and always be your utmost priority.

While I know that these are the common scenarios from before and could perhaps happen in the future, but still, be wary that there is still a chance that bitcoin would not go up in price. I mean we can't certainly know if bitcoin will reach a hundred thousand valuation in the next decade, or in the next 20 years.

I am not saying that it isn't safe but you have other options to diversify your money other than bitcoin. More importantly, invest what you cannot afford to lose.  

for the advice and support to me I thank everyone,, and thank you also to everyone who reminded me to put my bitcoins in a safe place like , hardware wallet.

If you are asking whether investing in Bitcoin for the long term is good or not, I'd say that as long as you can take the risk it is worth it. While I believe Bitcoin will increase its value in the future, some people don't have the necessary capital or management to make sure they can avoid being destroyed by the bear market due to overinvesting or something similar. If that is what you're worried about, you can read more about dollar cost averaging or value cost averaging and make sure you follow your plan carefully. It is difficult to give you detailed suggestions since we don't know if you also invest in other things or just Bitcoin to prepare for your children's future IMO. The general rule is to make sure you can invest the amount you can afford to lose.

For security or inheritance setup, there are many good threads about it here. I suggest you search and read about them. You can find discussion on time-locked transactions, multi-sig setup for inheritance purposes, or even find some service that provides custody for inheritance purposes. Although the latter is probably not the best option if you want complete control and don't want to rely on a third party who might or may not hold your money and use it without your consent.

Are you familiar with hardware wallets, air-gapped devices, etc? Depending on how familiar or how eager you want to learn about them, your setup options can be flexible. CMIIW.

Your idea is a good one and is shared by many people who are into Bitcoin. Planning for the future, requires an inflation resistant asset like Bitcoin.

You need to plan for two things;
• Proper security of your Bitcoins,
• A contingency plan where your child or closest next of kin can still access the bitcoins should anything happen to you.

With proper security, a hardware wallet is a safe option, with multiple backups in safe locations.
You also need to learn how to generate your keys securely.

On how to make the bitcoins accessible even if you're not there to release it, you could reveal the location of one of the backups to a trusted person, or utilize the locked transaction or locked address option, which makes the UTXO available to an address at a specified time in the future, this way, it cannot be accessed by anyone else now, but would be available to the person you any at a time in the future. You need to do your research and be sure you know what you're doing here

Your opinion is not bad and is a good idea for considering the future of your children, but while at this, you need to exercise caution from the type of wallet used, which i expect you to use a decentralized wallet under wgich you could get a cold storage that will give you control over your keys, then tou also need to know how tou could secure these keys to avoid them from third parties, invest now and the future is secured for your children finances with your bitcoin investment because it will always appreciate over a long period of time.

since you are willing to take the risk, then, just research how to properly secure it if you are HODLING for a long time. there are a lot of people who have lost their bitcoin because of poor security. there are members here who are knowledgeable about how to properly secure a wallet, if you have questions, just ask. also, good luck!

That is a good plan. As we know that fiat has greater inflation than bitcoin itself, of course, when you invest in bitcoin, you will maintain a store of value from the assets you own. by the way, the halving of the bitcoin network will be happened by early next year (Q1 probably), so it would be a good opportunity for you if you invest in bitcoin asap.

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?