Investing In Cryptocurrencies For Tuition Fees

GigaBit

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Quote from: Fundamentals Of on July 25, 2022, 08:17:44 PM

This is all right if your child is still a young kid and you are saving money for his college or university tuition. That means you still have a lot of time to wait for the price of Bitcoin to multiply.

This would be better than saving in fiat because fiat is losing value year after year. Even if you save fiat in the banks that offer the best interest, it still can't make up for what your money regularly losses to inflation.

But this might not be the best option if your child is already in high school and you are investing in Bitcoin the money that he is supposed to use in college or university. You might get trapped in a bear market when the time comes that you already need the money. You might be forced to sell with a loss.

Not just college or university tuition fees but any purpose you can invest in bitcoin and earn good returns that are better than any other traditional business. However, there is a fear of losing as well as more profit, but the potential for profit is high for those who invest in Bitcoin with a long-term investment strategy because if your investment that fallen in bear market then you have to wait for long time otherwise you may loss your assets.

Stella Mese

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Indeed, there are many investors in this world, some are long-term investments, some are short-term, but the goals of these investors are varied, including for education, some for inheritance and others. and indeed I think it is very good to invest in long-term crypto which aims for educational costs, because I myself am also an investment for my child's future, but we must be smart in choosing crypto and definitely have to choose quality crypto, and when going to buy must wait for the right time

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Quote from: ChiBitCTy on July 25, 2022, 10:57:43 PM

As a financial advisor I’m not likely to recommend to anyone that they should be investing their money for things that are very important (such as money for their education/tuition) in anything that is as volatile as bitcoin and other cryptocurrencies are. Why put your money at such risk for something as pivotal as education?

While saving bitcoins for the future is a good idea but if it is money to use for important work, it is no longer a wise investment. Investing our children's tuition money in a risky investment like bitcoin seems risky to me. We all know bitcoin volatility is unpredictable, what happens to your kids if your investment gets stuck in a bear market?. I wouldn't do this either.

glendall

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if you invest in crypto for college fees, I think it can be applied, but for elementary to high school, I think it's better to save in fiat because I think crypto prices that don't necessarily make finances will be chaotic, not profits but losses obtained and seen by time are too short for we need the cost of education itself

Fundamentals Of

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Quote from: Xxmodded on July 25, 2022, 10:30:07 PM

Quote from: Fundamentals Of on July 25, 2022, 08:17:44 PM

This would be better than saving in fiat because fiat is losing value year after year. Even if you save fiat in the banks that offer the best interest, it still can't make up for what your money regularly losses to inflation.

But still can't guarantee with your bitcoin saving keep the same values at the future when your kids growing up and have been on university, depending how strategy and great moment when investing with bitcoin or try holding on altcoin. I know better saving money with cryptocurrency than saving on the bank because have inflation values actually with how long keep saving more than 12 years based on my country study, from elementary school, junior and senior high school take 12 years. I think most drastically values drop when saving money on the bank, but if entry on correct time with bitcoin or altcoin have chance could growing up your money investment.

I prefer keep investing in cryptocurrency than the bank, but keep DWYOR

There's almost a hundred percent guarantee if you will hold it for a longer period of time. Let's say your kid is only 5 or 6 years old today and you're now beginning to stack sats for his college or university tuition fees. When the day finally comes that your kid will already go to college or university, that would already be more than 10 years of holding. I think your savings have already increase in value a lot. If we try that with fiat, it would be a futile attempt.

Rigon

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Investing in cryptocurrency for tuition fees is a huge risk for him.It turned out that after investing, the market is dumping a lot, then it can have many problems.No one can ever give 100% guarantee how safe an investment is.If he had any investment in other work then that would be fine but for tuition fee still I never think it is right on Bitcoin.

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Quote from: Fundamentals Of on July 25, 2022, 08:17:44 PM

This is all right if your child is still a young kid and you are saving money for his college or university tuition. That means you still have a lot of time to wait for the price of Bitcoin to multiply.

This would be better than saving in fiat because fiat is losing value year after year. Even if you save fiat in the banks that offer the best interest, it still can't make up for what your money regularly losses to inflation.

But this might not be the best option if your child is already in high school and you are investing in Bitcoin the money that he is supposed to use in college or university. You might get trapped in a bear market when the time comes that you already need the money. You might be forced to sell with a loss.

I agree with your opinion and so far I think I have it too. I have investments in crypto, gold and other physical investments. This is something I call a long term savings and I'm probably holding on to it as best I can because I can't sell it anytime soon if it's not really needed.

Teaching children to gain knowledge about investing is a good thing especially as the world is getting modern. They must be ready to be a generation that knows about crypto because we are very aware that in the future crypto will be much better and more use cases. My investment today will probably be of great value in 10 or 20 years, so since this is an investment objective, we must realize that having a secure wallet and securing the wallet is of utmost importance.

Rengga Jati

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This may make sense. Investment is one of the ways to save our money for the future. Although in crypto investment, we cannot expect too much from the reward because nothing knows what will happen in the future, at least, we have made some preparation for our future. One of the futures necessary the tuition fees for our children. We cannot deny that especially in my country, the fee for tuition moreover in a better college will need higher fees, moreover in the future. That is why it is not wrong if we want to prepare the fees since from now. This preparation and investment is one of the ways to save money. Whether the reward will be really fit or not will depend on how we can manage the investment, set the target, and also control ourselves doing the investment.
However, if our children are getting higher, we can let them know about the investment and tell them little by little so that they will know if something happens unexpectedly, they have known what to do. Although of course this will work if our children have been really aware of it

blockman

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No problem with that strategy as long as you're still a long way to go before your kid sees college. That's actually a good start and that's no different from the early years where people are investing into college or education plans. But as I've seen those educational plans, many of them went bankrupt and filed for bankruptcy because those companies can't sustain their customers. Well, at least for investing in crypto, they hold the funds and whether the market goes up and down, the money is on their wallets and they have full jurisdiction when to sell it.

Slow death

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Quote from: LogitechMouse on July 25, 2022, 10:41:21 PM

Been doing this for years already. Saving some Bitcoin for the tuition fee of my children and I can say that it's quite early for me because I'm already saving even though I still don't have any child yet Cheesy

.

never make plans for something that you are not sure you can have, in which case I am talking particularly about making plans to raise money to pay for school for your future children, man you still don't have a child and you don't even know if you will ever be able to have children, I know that in case you can't have children, you can adopt children, but even so, it's still best to plan things that you don't have in concrete yet.

bitcoin is a high risk investment and nothing can guarantee that it will give high returns, for example a person could buy at 50,000$ thinking that in 3 years they will have a 2X profit and with that they will pay for their children's school, but see that the price dropped to $20,000 and it can take 3 years to get back to $50,000 and that person will be left with the same money they invested 3 years ago

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Quote from: amishmanish on July 26, 2022, 01:59:10 PM

I sincerely wish to pursue higher education and I am investing in bitcoin for the same reason, that in future these investments will help in funding my own education. Atleast a part of it. Though bitcoin has taken a dip, but I still am investing systematically as this will help me a lot in future.

When you do accumulate bitcoin then this doesnt only talk on making yourself be prepared on your tuition fees but also in other things in life as well when it comes to finances but of course it wont really be an assurance

since we know that cryptocurrency investments wont really be that giving positive outcome guaranteed but at least it does have high potential as we do all know but you should really make yourself prepared on

other things when you are just simply waiting for the price to increase because it doesnt happen all the time and when you are in need of your finances immediately then you cant really snip out
from it so better find other alternatives as well which would give out constant support into your studies.

Fortify

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Quote from: DU18 on July 25, 2022, 07:39:12 PM

I recently read an old article which was published on June 22, 2022, even though the news might be a little outdated, but I feel that this article can be a reference for those of us who have difficulty getting or paying tuition fees.
Although he market is currently in a state of crash and this makes many investors suffer losses, but on the other hand according to a survey conducted in America, many correspondents have actually succeeded in educating their children by investing in crypto, according to a survey conducted by online media Intelligent.com, as many as 1,250 correspondents have been tested and the results are almost 87% choose to invest in crypto as a means to save tuition fees.
Most of these strategies can yield sweet results in the midst of the crypto market crash as it is today,like seen in some of the graphs below:

I tend to think that these sort of studies are usually very narrow and could potentially be targeting a small group that is maybe not very representative. For example, if the poll is mainly advertised for respondents on a small business forum then it might attract responses from people who are already wealthy and have some slack to re-allocate money outside of conventional investment solutions. There may also be a degree of dishonesty involved, even if it is self deception, or it might be old data that does not take account of the fall from all time highs which might have converted most of those gains into negative equity. Unless people sold out of their holdings at opportune times or made small amounts from big inputs, then it's hard to believe people have made big amounts unless they kept money in for several years.

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I think it depends on the individual and their ability to monitor the market correctly enough to take advantage of it otherwise it can result in a huge reduction in the intended tuition fees when the market is on a downtrend. If the person is able to buy and sell before the market is down it will be of great benefit but sometimes it is not easy to time the market especially when you don't understand it properly, in my opinion, I think funds meant for tuition fees, that will be needed in a short while should not be used for BTC investment.

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Quote from: amishmanish on July 26, 2022, 01:59:10 PM

I sincerely wish to pursue higher education and I am investing in bitcoin for the same reason, that in future these investments will help in funding my own education. Atleast a part of it. Though bitcoin has taken a dip, but I still am investing systematically as this will help me a lot in future.

Bitcoin taking a dip should not demoralise you as you implied in your post, it should be a motivation to keep investing in bitcoin. Unless you already had some bitcoin that crashed and if that is the case, I believe you know that you must hodl.

For Op, investment in crypto for children tuition is good one ones children are infants or not yet born because it could yield much profits and the coin should be bitcoin for longevity.

amishmanish

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I sincerely wish to pursue higher education and I am investing in bitcoin for the same reason, that in future these investments will help in funding my own education. Atleast a part of it. Though bitcoin has taken a dip, but I still am investing systematically as this will help me a lot in future.

noorman0

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The price of bitcoin is uncertainty, to be honest I haven't thought about planning an investment like bitcoin for anything that is a future need. Unless you consider education to be an optional need that can be postponed or replaced, you can opt for this plan. But like some of the suggestions before me, there are several investment options that are more guaranteed than bitcoin.

DU18

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Quote from: TheNineClub on July 26, 2022, 05:42:51 AM

It's a valid option if you have the money to spare. There was a similar situation was reported when the GameStop short happened and ordinary people bought and sold their stocks and with that many repaid their student loans, and healthcare bills and were able to send their kids to better schools. But it's a risk. I mean so is going to school, so it's about picking the most optimal risk.

I also think so, because so far we spend too much money on things that are not important and I think sometimes it's better for us especially I personally set aside at 20% of the my income to save in form bitcoin, the price of bitcoin in the market that right now it's cheap, of course it gives benefits when we save it for a long time and when children start to enter higher education, of course we won't be bothered to look for fees, after I read the article, I took the initiative to save bitcoin for 20% of every salary I get from my job later, another term as education insurance for my children later.

TheNineClub

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It's a valid option if you have the money to spare. There was a similar situation was reported when the GameStop short happened and ordinary people bought and sold their stocks and with that many repaid their student loans, and healthcare bills and were able to send their kids to better schools. But it's a risk. I mean so is going to school, so it's about picking the most optimal risk.

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I believe that investing in Bitcoin (never in "crypto") for your children's education should only be done with at least a medium time horizon. Someone doing it today has to have a time horizon of at least 4 years. If it is for next year, better to save in cash. With the stock market the same, the longer the time horizon with an index fund, the better.

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There are folks who start putting cash away for their kids for college as soon as they are born. It has been shown time and again that one of the best ways to make massive gains from bitcoin is when you hodl for the long term. And in the case of investing for tuition fee there's no other solid strategy than the dollar-cost averaging (DCA) strategy.

Quote from: btc_angela on July 25, 2022, 09:44:54 PM

It's good to have bitcoin investment, but at least you have plan B or even plan C if everything doesn't work well, just like what we are having right now, a bear market. So for sure not the right time to withdraw if your child is going to school this year. At least have some reserved fund and then step aside money for our crypto investment.

On the other hand, considering how unpredictable the future is, a plan B may be to invest in some real estate. I like the real estate industry because of how profitable it is in the long run. The summary of it all is to start on time with whatever plan you have in mind for your kid's future.

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