Those who know and clearly understand Bitcoin is thinking of having this for a long-term investment, not only for the kid's future but for the entire family.
It founds no high risk doing this as its market value consistently growing yearly and that means if we are buying today and hold for 10 years, we are expecting a bigger value that we could think enough to sustain the needs of the family. And it is very important to start educating all family members about crypto for them also to understand.
Topic: Investing in bitcoins for future kids - page 11. (Read 1608 times)
As a matter of fact, I have a friend who did exactly that; some years ago he bought 1 BTC for his kid (who was toddler back then) and he plans to give him BTC when he reaches 18. How situation is developing, kid might get a million dollar gift when he turns 18 
Now it's of course impossible for many of us to do something like that, but I dont think that's a bad idea to buy a little bit when you can and set it a side for your kid.
Now it's of course impossible for many of us to do something like that, but I dont think that's a bad idea to buy a little bit when you can and set it a side for your kid.
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'...
Need your thoughts on this tho'...
There is no way we can know what will be the status of crypto in the future but you have thousands of reasons to believe that dealing with the risk of Bitcoin investment is worth it.
But as you said, crypto is volatile. If you are the type of person that having trouble riding the waves of crypto or understands the risk of putting money on crypto, then you should not treat your crypto investment as a secure financial source to save your future.
While putting your faith in bitcoin, you can consider setting up another investment to supports your financial status until it will become strong and stable. There are lots of business opportunities outside and you don't have to rely purely on crypto investment.
Need your thoughts on this tho'...
The only currency I would consider buying and holding for more than ten years would be Bitcoin, this falls into the area of being used as an inheritance.If you wish to hold for that long, then short term price movements or volatility should not be of much importance, rather focus on the fundamentals of the coin, as that's the feature that determines the potential of a coin.
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'...
Need your thoughts on this tho'...
Lots of writing about bitcoin for the future. Bitcoin is believed to be more developed. This is because bitcoin has a supply limit, so the possibility of inflation and product failure is very rare. It's different from fiat money. So as long as the consensus on btc is still being agreed then I think the price of btc will continue to grow. Saving a few satosi may not be a problem for now and in the future. It's a small, long-term investment.
Yeah stacking sats is the best option for those who does not have luxury to buy a whole bitcoin, half or a quarter of it.
Any investment towards bitcoin (holding) will not be a waste in the long term considering you will have kids 5-10 years from now assuming you're just on your 20s having thoughts of having kids.
It will not be a waste only if you
- still live
- successfully give them the private keys or transfer funds to your kids at their teen age or somewhere that already knew the tech
- your backup/private keys/seeds are still with you, in short your device wasn't hacked or stolen or similar.
Any investment towards bitcoin (holding) will not be a waste in the long term considering you will have kids 5-10 years from now assuming you're just on your 20s having thoughts of having kids.
It will not be a waste only if you
- still live
- successfully give them the private keys or transfer funds to your kids at their teen age or somewhere that already knew the tech
- your backup/private keys/seeds are still with you, in short your device wasn't hacked or stolen or similar.
Look there is a two kind of bitcoin users 1: holder 2: trader. And this topic is a loveliest topic for holder and a worst topic for trader. Because the holder thought bitcoin is for long tern holding. What we need we just need to invest and wait for a long term then see your profit. But for traders long term holding is useless. They know only short term trading. They just know just enter into the market in a deep price then when market rise take profit. Or enter the market when market is pumping then take profit and exit. They just want profit in short term. Thats why this long term holding might be not a suitable things for traders but for holder this is best. I hope i can explain you. Its my opinion others could be different. Thanks.
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'...
Need your thoughts on this tho'...
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