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Topic: Its Bitcoin a good way to save money for our kids? - page 5. (Read 2410 times)

full member
Activity: 616
Merit: 100
every people have their own decision, there are people that believe in bitcoin and think that bitcoin can be popular and hype in the future, so they start to investing in bitcoin right now, but there are people that dont like with bitcoin investmenet because bitcoin is just a bubble digital curreny
jr. member
Activity: 126
Merit: 1
THE ENERGY EFFICIENCY PROTOCOL
Indeed good way to save money for the children because in the longer perspective BTC will show its strength and beneficial for the future of the kids.
hero member
Activity: 916
Merit: 500
For me yes it is a good way to save money for the kids specially for long term investment who knows out investments for our kids will grow bigger in the future. Just keep on saving till our kids savings grow higher.
member
Activity: 448
Merit: 21
Why not! I think it’s a better way to save money for our kids. Your friend takes the right decision. At this moment if you invest in bitcoin, after many years like 20/25 years you or your kids will get too much profit. And yes, this will pay them a car & a house.
full member
Activity: 798
Merit: 100
Bitcoin prices cannot be predicted, are you still sure to save in bitcoin for your child. we can see if the current market is volatile and that could be your choice
sr. member
Activity: 490
Merit: 275
bitcoin Price can not be predicted, No one knows what will happen in the future

Unfortunately, they succeeded in reducing confidence  Undecided
sr. member
Activity: 854
Merit: 251
indeed, the purpose of the crypto currency is to improve the economy and increase the economic income of its investors if we can manage all our investments, of course it will be beneficial
sr. member
Activity: 686
Merit: 250

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?

If it is a good idea or not will depend entirely on your mindset, if your friend is worried after just a few months of negative prices then it could be a good idea that he reconsiders his strategy and he uses something different to save for the future like fiat or precious metals, but if he is completely committed to the idea that cryptocurrencies will become successful then he can keep holding and get his son a good education.
sr. member
Activity: 1638
Merit: 251
Hexhash.xyz

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?


Maybe bitcoin is not a best thing to buy for our kids now, but it is still a good thing if you have some saving for your kids.
He should not worry about the current price because the price of btc is volatile in the market.
You can show him the graphic of bitcoin price in the market from year to year, it was crashing and rising many times.
sr. member
Activity: 714
Merit: 250

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?

Tell your to sell their bitcoin now and buy it again at lower price. Bitcoin price will go up again but we don't know when, save btc for their kids is good, actually the future of bitcoin is very good, it is better than other online payment methods so there is a big probability that bitcoin will be the main choice for online transaction.
legendary
Activity: 1218
Merit: 1000
Maybe this is a good way to save money for our children, but with good management and consideration. This is because the price of bitcoin is so volatile that it must be able to manage well, if it is not certain to suffer losses. But if it works, of course this is a good way to invest in the future of our children, especially bitcoin has a very good development so it is very suitable if used for long-term investment. This must be considered more carefully because the risk is very high.
sr. member
Activity: 826
Merit: 256
I think it is not advisable to save money by means of bitcoin especialky for the future of your kids because it is so volatile and risky. The price of every cryptocurrencies will bever be stable because it it is their nature. You can invest your money for long term but it is not good to use it as investment for the future of your children. In cryptocurrency, you should invest only the money that you can afford to lose.
full member
Activity: 1002
Merit: 112
I think saving on Bitcoin only would be very risky though bitcoin is really a good investment. Nothing to worry about the price drop coz it is really normal for the market to have that drastic drop. Future is still long ahead so we never know if his investment would make him and his son rich or the other way around. Try to give him advices like buy other coins that is on top 10 in cmc i personally recommend XRP atleast.
hero member
Activity: 1148
Merit: 504
We know that Bitcoin is volatile, but it has a high potential for future growth. Bitcoin is truly a good store of value, and the new generation is more likely to choose digital money with all the benefits of decentralization it brings.
Yeah for a long-term investment you don't need to consider the current price conditions that are very bad or the fluctuations that exist, you're right that the future of bitcoin and crypto is definitely great, many people are interested in innovation and this technology, that's the key! that adoption will definitely continue to happen so long-term investment in bitcoin for your future children is great idea
member
Activity: 532
Merit: 17

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 wonder since when your friend did save the money in btc for his son ?
He shouldn't worry about the current price if he wants to save for his son in the future because the future is still long.
Long term holding is better then short term holding because the value of crypto is too volatile for short time.
newbie
Activity: 1
Merit: 0
Saving in only bitcoin is far to risky if you ask me, but including bitcoin in a broader portfolio is a smart move. If I were to save for my future kids if would diversify the portfolio with a mix of index funds, stocks, gold and crypto.

With only saving in crypto you have a big upside, but there is also a slim chance that your investment will be worth 0.
newbie
Activity: 179
Merit: 0
We know that Bitcoin is volatile, but it has a high potential for future growth. Bitcoin is truly a good store of value, and the new generation is more likely to choose digital money with all the benefits of decentralization it brings.
sr. member
Activity: 1974
Merit: 450
It is a good way to save money actually, a bright idea a
for the future, and what would it be better if that  our kids would also be introduced to BTC and cryptocurrencies, and with the amount you are saving right now could actually be bigger once the price in the future moves upward, it can help you save a big amount of money for your children.
maybe bitcoin is suitable for resistance, but not for our children. we know that the price of bitcoin has really become unstable for now, so I think this will only be a business tool. well, if you want to invest in your child, then buy gold.
full member
Activity: 392
Merit: 101
There is truth in investing in bitcoin, because bitcoin is indeed the best to invest. But it should be noted that this bitcoin is volatile and this is risky so that when we give all our money to bitcoin and when we want it to take even though the price is low then we will be dizzy ourselves. Indeed bitcoin is very good for a long period of time but it is also wiser if we do not put all our money into investing in bitcoin so that at a time when bitcoin is falling we still have money for our children's needs.
sr. member
Activity: 1344
Merit: 261
It is a good way to save money actually, a bright idea a
for the future, and what would it be better if that  our kids would also be introduced to BTC and cryptocurrencies, and with the amount you are saving right now could actually be bigger once the price in the future moves upward, it can help you save a big amount of money for your children.
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