Topic: Its Bitcoin a good way to save money for our kids? - page 12. (Read 2410 times)
no, because bitcoin is still unclear in the future and what development is unpredictable, it is safer to invest in real assets such as land or gold that have clear price growth, because each year there is a different increase as uncertain bitcoin.
Before doing something people should think twice as you know bitcoin is highly volatile and its price can be ups and down anytime. Because of this reason investors need to think about saving money for their kids. But to me, bitcoin is the standard platform for long-term investment and also profitable.
OH well, I believe he thought a while about it, more than twice haha... I agree on your BTC speculation!
Indeed. It is a good way to save money for our kids simply because once you have a lot of bitcoin kid future will be have bright future. But, if you save money with bitcoin you should store it in a safe place. You should also tell to your kids about it so that they can really use it in the near future.
yeah, crypto education is a must nowadays!
The avarage is the best tip you can give him. I would suggest him to put ALL college funds and school funds into btc. Not only because the price is "low" ( it can goes lower) and it will be much higher, but basically because the school is just a debt and a waste of time. debt vs asset, do you really need to choose?
what do you mean with avarage?
I think yes, But bitcoin is very volatile that is why we can depend on its value, and we dont know what will happen in the future and there are many what ifs?
-What if? value of bitcoin dropped to $100 in the future?
-What if bitcoin leaves us ?
I must prefer do saving also in fiat and put it in the bank or put it in the stocks so that the money will not be in stagnant.
-What if? value of bitcoin dropped to $100 in the future?
-What if bitcoin leaves us ?
I must prefer do saving also in fiat and put it in the bank or put it in the stocks so that the money will not be in stagnant.
I would take some gold too, is so crazy cheap due manipulations, when the FIAT crash comes, not only Crypto will explode, Gold and Silver too...
Yes, Bitcoin is a good way to save money for our kids. I think that bitcoin is a good investment for future course of action and fulfill our family dreams. Bitcoin have the big opportunity to growth of money than gold, property and other saving traditional resources.
Also has more risk!
Yes, Bitcoin is a good way to save money for our kids. I think that bitcoin is a good investment for future course of action and fulfill our family dreams. Bitcoin have the big opportunity to growth of money than gold, property and other saving traditional resources.
I think yes, But bitcoin is very volatile that is why we can depend on its value, and we dont know what will happen in the future and there are many what ifs?
-What if? value of bitcoin dropped to $100 in the future?
-What if bitcoin leaves us ?
I must prefer do saving also in fiat and put it in the bank or put it in the stocks so that the money will not be in stagnant.
-What if? value of bitcoin dropped to $100 in the future?
-What if bitcoin leaves us ?
I must prefer do saving also in fiat and put it in the bank or put it in the stocks so that the money will not be in stagnant.
My answer for that question will be “yes”! Becouse for today , I don’t want to sell it for that cheap price.
A friend of mine started to save money in BTC for his son.
Now he is in worry about the idea because of this last dropping months.
I told him to re-load some BTC up to lower the average.
If you have any suggestions about this please share
Its BTC a good way to save money for our kids?
Will this pay them a car? the university? a house? nothing at all?
Indeed. It is a good way to save money for our kids simply because once you have a lot of bitcoin kid future will be have bright future. But, if you save money with bitcoin you should store it in a safe place. You should also tell to your kids about it so that they can really use it in the near future.
But how can you be so sure that bitcoin wont leave us ? What if the price of bitcoin continues to decline ? Do you know you actually consider these consequences ?
Anyway , i might be wrong and you might be correct of your predictions and decisions . just follow your heart and do what you think that is good for you because at the end of the day , that is still your life and that is still your money not ours .
In my case i will prefer banks over bitcoins because banks are already guaranteed that can last a lifetime especially if im planning about my future and my families future .
The avarage is the best tip you can give him. I would suggest him to put ALL college funds and school funds into btc. Not only because the price is "low" ( it can goes lower) and it will be much higher, but basically because the school is just a debt and a waste of time. debt vs asset, do you really need to choose?
Indeed. It is a good way to save money for our kids simply because once you have a lot of bitcoin kid future will be have bright future. But, if you save money with bitcoin you should store it in a safe place. You should also tell to your kids about it so that they can really use it in the near future.
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A friend of mine started to save money in BTC for his son.
Now he is in worry about the idea because of this last dropping months.
I told him to re-load some BTC up to lower the average.
If you have any suggestions about this please share
Its BTC a good way to save money for our kids?
Will this pay them a car? the university? a house? nothing at all?
Yes, I think he makes a good way to save bitcoin from now on and he should not worried about anything unless he doesn't learn more about bitcoin. And if he can buy much bitcoin right now, probably he can use some bitcoin to trade and search another profit with bitcoin or altcoin because I see that we have a chance to increase the amount of bitcoin. But if he doesn't want to trade, then he only needs to wait for the bitcoin price to go up and sell some bitcoin to get that money. But I suggest to your friend to not use all of his money to invest in bitcoin, and he still needs to save fiat in his bank account so he can buy something for his family and he can have the investment in bitcoin.
Before doing something people should think twice as you know bitcoin is highly volatile and its price can be ups and down anytime. Because of this reason investors need to think about saving money for their kids. But to me, bitcoin is the standard platform for long-term investment and also profitable.
Thank you all for comments, very interesting. I enjoy seeing some variation in the ideas and replies.
I will show him this topic, maybe he gets a bit a trust again into crypto!
A friend of mine started to save money in BTC for his son.
Now he is in worry about the idea because of this last dropping months.
I told him to re-load some BTC up to lower the average.
If you have any suggestions about this please share
Its BTC a good way to save money for our kids?
Will this pay them a car? the university? a house? nothing at all?
I think he chose the right option. For long term investment, bitcoins has proved itself to be the best multiple times. So, please tell him not worry and hold his coins.
Yes, Bitcoin is a good way to save money for kids because by the time they grew up, blockchain technology will already been widespread so it's better to let the kids to understand what is it for and the benefits as it will take quite a while for some people to understand how this blockchain and bitcoin works.
According to me it's not a bad idea because its value going up. and its valuable. i think its definitely going to help your kids in future. No doubt it's very risky but if you need profits you need to take some risks.
For me, No, because no one can predict the price of bitcoin,, although can manipulate some BIG whale, but its not guarantee you can earn profit after you invest, like now bitcoin is dropping down. I suggest IF she/he earn profit from bitcoin its better to save in bank for the future of kids or other company higher interest .
A friend of mine started to save money in BTC for his son.
Now he is in worry about the idea because of this last dropping months.
Share with us these basic concepts, please.
A friend of mine started to save money in BTC for his son.
Now he is in worry about the idea because of this last dropping months.
I told him to re-load some BTC up to lower the average.
If you have any suggestions about this please share
Its BTC a good way to save money for our kids?
Will this pay them a car? the university? a house? nothing at all?
I dont think so for now, but I am very aware with the things that Bitcoin can eventually be improved and innovate, but for now it is probably impossible since there was still limited entities who accepts Bitcoin as their medium or payment or even part of their system but it doesnt mean it will remain the same and stay as it is, we should wait for more regulations and expansion of this community.
Man, this is a great idea, to be fair I have never looked on bitcoin as an alternative of collecting money for children. Imagine you deposit money on child's account, what can you get max in developed countries? Four percent a year, it's very small. Now imagine everytime you have additional money for child, you buy bitcoin. We all know that price will rise, current fall has nothing to do with it, this is just an opportunity to buy bitcoin and hold in future. This way you won't have to wait years to receive 100% of your deposit, you'll get possibly 1000% of your deposit.
I think yes. Because all we know that bitcoin is a good investment or we can say that bitcoin is good for a long term investment because it's value will make us compare tk gold's value. In our kids future I think this is practical because our kids need a better future and bitcoin is the key for a better future for them. Even it is risky we need to take a risk but I think it is mlre practical that while you are saving bitcoin,you will also save a real money as a security. Play safe because your kid's future is very important. And I think you need to save and teach a bitcoin knowledge and learnings also for your kids.
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