Investing in bitcoins for future kids - page 10.

acener

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Quote from: Nickbryan10 on May 04, 2021, 02:46:45 PM

As a form of investment, many are buying cryptocurrency in smaller quantities and saving for their kids in the future. With the continuous rising and falling of the currency and the volatility of the market, how do we know the coins to buy and save for future use or is it a waste of money.
Need your thoughts on this tho'...

For me it is a great one to prepare your kids future,
The only problem that I see is we aren't certain if crypto would really be with us forever.
We don't know if when the time has come and our kids needed the funds we had saved for them on crypto those crypto would still be valuable.

Obito

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Quote from: bounceback on May 05, 2021, 04:37:28 AM

With a limited supply and increasing demand, of course bitcoin is the right choice and promises to get many benefits for us in the future, especially lately many investors have started to adopt bitcoin, so it is very possible that the price of bitcoin will continue to rise slowly.

Not to mention that these investors that you are talking baout are companies that are pouring billions of dollars in the market and hodling for the long-term. I agree that the prices are going to go up as time goes one because besides people hodling their bitcoin waiting for the roght time to sell, there will be more lost coins along the way.

bounceback

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With a limited supply and increasing demand, of course bitcoin is the right choice and promises to get many benefits for us in the future, especially lately many investors have started to adopt bitcoin, so it is very possible that the price of bitcoin will continue to rise slowly.

Ararbermas

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Quote from: Nickbryan10 on May 04, 2021, 02:46:45 PM

As a form of investment, many are buying cryptocurrency in smaller quantities and saving for their kids in the future. With the continuous rising and falling of the currency and the volatility of the market, how do we know the coins to buy and save for future use or is it a waste of money.
Need your thoughts on this tho'...

only trusted coin is the best one to invest for the future of our kids such the those listed on top 10 in the market, it's actually highly recommended to buy and hold for everyone as its has good team behind wherein surely will never last even we say for how many years of hodling.

Don't ever try to buy and hodl a new projects although its very promising because mostly cant succeed. So be practical and always choose the projects / coins that is worth it to hodl such what u have mentioned above.

ALLON2017

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Can you not see that bitcoin is useless, apart from exchanges pairing it up with altcoins to rake in more fees. can you not see its outdated and overrun by new coins with less fees, it was a good investment not anymore.

Smartvirus

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Having a future investment for kids have been nothing new. A lot of people have been doing that in the form of insurance and some savings account targeted at tuition fees and a whole other investment plans to serve a purpose.

Having bitcoin investment stalked away for your kids is just the best way to go about having some securities for your kids. It offers a lot of advantage as bitcoin is a highly volatile currency. You directly or indirectly become a hodler of bitcoin even if, its targeted for your kids.
Hodlers they say are usually the the gainers in bitcoin investments and as such, your sure to have your coin stalked away for a few years which would continue to appreciate with the market.

If your looking out for a coin to invest with, I'll suggest bitcoin. It might seem tonhave gone really high but, its far from anywhere near its end. Other coins aren't as promising as bitcoin and there is every possibility of them not appreciating as expected but in the case of bitcoin, it becomes a whole different story. Besides, the growth of other coins is directly or indirectly affected by the activities of bitcoin. So, its better you buy bitcoin in the quantity you can afford and stalk it away.

husencoe

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Quote from: Nickbryan10 on May 04, 2021, 02:46:45 PM

As a form of investment, many are buying cryptocurrency in smaller quantities and saving for their kids in the future. With the continuous rising and falling of the currency and the volatility of the market, how do we know the coins to buy and save for future use or is it a waste of money.
Need your thoughts on this tho'...

Life is a choice. We must be able to take risks in making choices in our life.

I think you should get the timing right to make long-term investments. wait for the price to drop.

As a suggestion, invest in coins that have a strong base such as BTC and ETH. If you want a new crypto, choose a crypto that has high prospects.

Prices are constantly changing, so always do an evaluation before acting.

goldade

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Quote from: Nickbryan10 on May 04, 2021, 02:46:45 PM

As a form of investment, many are buying cryptocurrency in smaller quantities and saving for their kids in the future. With the continuous rising and falling of the currency and the volatility of the market, how do we know the coins to buy and save for future use or is it a waste of money.
Need your thoughts on this tho'...

Buying and hodling coins as a form of investment for future children is a very nice idea. It's actually a way of securing the future for the kids just like we buy shares on their behalf.
In the choice of coins to buy, I believe bitcoin remains the best coin to buy. The rise in the price of bitcoin is relatively gradual as compared to many of those altcoins that just rise in price all of a sudden and dump heavily. If bitcoin continues to rise steadily as it has been rising in the last few years with corrections here and there, imagine what it would be in the next 5 to 10 years.
Just buy some bitcoin now and hodl for the children.

Alucard1

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Yeah, holding bitcoin is the good thing to do right now for the futures of our children, the price of bitcoin may rise in the future and if you have no savings or investment in bitcoin then it would be good for you to secure the future of your family but still depends on how much bitcoin you invest. Investing for the long term is a good and nice idea for every people who want to have more income in their future.

Fundamentals Of

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In the longer term, it is Bitcoin that is surely remaining to be above any other cryptocurrency. There will still be altcoins of course. I cannot imagine cryptocurrency devoid of altcoins. Others may not agree with me but there are certain altcoins which are very useful and have been serving certain purposes. There's Ethereum (ETH) and Monero (XMR) for example.

But always put Bitcoin ahead of the rest.

kotajikikox

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Don't Make it hard mate , if you think that Crypto investing will save your future then why not right?

Buy coins that you believe will be Mooning in future and not only for bitcoin.

Buy Ripple ,Dogecoin and Litecoin and keep them to your Wallet for 5-10 years enough for your kids to be mature and have knowledge on how crypto will help them out even when your gone.

Lorence.xD

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Investing for something that doesn't quite exist yet like your future kids isn't really a good thing,think of your future first before thinking about the others. I would just go with bitcoin as an investment for the future because it does the work and it has been proven that it can reach heights that not many coins hasn't reached yet.

rodskee

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Quote from: Nickbryan10 on May 04, 2021, 02:46:45 PM

As a form of investment, many are buying cryptocurrency in smaller quantities and saving for their kids in the future. With the continuous rising and falling of the currency and the volatility of the market, how do we know the coins to buy and save for future use or is it a waste of money.
Need your thoughts on this tho'...

Your title is far from your question because the way you deliver this thread it seems that you are not asking about bitcoin alone but for the entire crypto market in which including Altcoins.

I personally having Invested 2/3 of my Holding for my Children ..meaning from bitcoin to my altcoin big part of those are for them.

So asking this? it is Bitcoin that is best to buy for them .

johnwest

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This is not new, I know some of my friends have done this in the last bull run. One of my friends bought 2 piece pack of Trezor one for his 2 girls and transferred 0.25 BTC in the correction time. He pledged not to touch those funds and the devices will be given to his girls once they turn 18. I would say that will be the best gift to anyone at the age of 18. Gifting kids with satoshi has been a trend in the past too, saw many videos where parents give Christmas gift with a ledger or trezor.

Rruchi man

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Any investment is a good idea/way of planning for your childs future. This investment must not necessarily be in bitcoin. You make investment in bitcoin when you expect your capital and investment in it to yield a good amount of profit over a couple of years because you believe strongly that it will outplay its current performance (Stacking and hodling).
If however, you do not completely believe and do not want to base your investment on speculation, it is still okay to make fixed deposits for them occasionally.

haleema

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Quote from: Nickbryan10 on May 04, 2021, 02:46:45 PM

As a form of investment, many are buying cryptocurrency in smaller quantities and saving for their kids in the future. With the continuous rising and falling of the currency and the volatility of the market, how do we know the coins to buy and save for future use or is it a waste of money.
Need your thoughts on this tho'...

In my opinion its not a wastage of money, because if you see the bitcoin graph its going up and up and after 3 to 5 year the bitcoin touched to $100k.
bitcoin is a first Digital Asset and it will not come down, you can compare bitcoin with property, if you purchase any property the price will increase day to day.
It is a very beneficial decision to saving bitcoin for kids future.

maxreish

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It is not waste of money, dude. I am actually saving up some bitcoin for the future of my offspring. If you will just go back with bitcoin's history you will gonna be amazed with how the price progress from 2010 to 2021. What more for upcoming years? The value of bitcoin will gonna shine and will become more valuable than today.

Not only that, the blockchain and advancement technology in it can be taught to our children in the future and they can use this technology in their daily lives as well

Asuspawer09

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Quote from: Nickbryan10 on May 04, 2021, 02:46:45 PM

As a form of investment, many are buying cryptocurrency in smaller quantities and saving for their kids in the future. With the continuous rising and falling of the currency and the volatility of the market, how do we know the coins to buy and save for future use or is it a waste of money.
Need your thoughts on this tho'...

I mean there is always a risk investing in cryptocurrency and there were so many things that affect the market price of bitcoin so you cant always expect to earn a profit all the time.

That answer here is there was no guarantee so true it could just be a waste of money at the end of the day, even investing in bitcoin which is the top currency doesn't completely guarantee that you are going to get profits.

If war happened this cryptocurrency stuff could just crash and we all lose our money, but understanding how bitcoin works you can have some assurance that in the future it will have some value.

TribalBob

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I personally save some of my money in crypto for long-term savings and hope to get a bigger profit than saving savings on bank , to be honest saving in crypto I can get 20% profit in 1 week so crypto is pretty good if it is used as savings for our children in the future, even though it is often there is a very deep price decline but when it goes down there will definitely be an increase in prices and reaching a new ATH

just_Alice

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If you can afford to invest in crypto - do it. In particular, as far as your interest is long-term investments - purchase Bitcoin because altcoins aren't as reliable and are farther away from global adoption.
However, if the question is whether or not to invest all your financial assent - I'd personally think twice before doing it. I certainly believe in crypto, but too much is at stake here, and, frankly, no one can know what will happen, what the governments have on their minds. What if all of a sudden there's a global ban on cryptocurrencies, then what? On the other hand, come to think of it, nothing guarantees safety. One can acquire realty and then some kind of a hurricane destroys it all.
So IMO it's best to invest only a part of your assets in crypto, up to 30-40%, and leave the rest for something else.

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