Topic: Its Bitcoin a good way to save money for our kids? - page 8. (Read 2410 times)
I think Bitcoin is a good way to save money for kids because Bitcoin is a long term investment and it's here to stay for good but it will be advisable not to invest all capital into Bitcoin.
I think that digital currency is our future and that's why we should give our kids a possibility to enjoy crypto currency and its benefits. To my mind, it is obvious that crypto is a good way to invest in
we all never know, our future is how, the important thing is we should be grateful how our condition we must accept, even though at this time the condition of bitcoin is low, we are grateful too.
Bitcoin volatility makes it difficult to rely on as a means of investment/savings even for a long term (though 'long term' is relative and depends on individuals). However, as the children grow up, it is a good idea for them to understand the technology and perhaps, if bitcoin becomes relatively stable, then some percentage of saving can be made in bitcoin. We hope to see the future bitcoin that will have steady growth potential.
I think that digital currency is our future and that's why we should give our kids a possibility to enjoy crypto currency and its benefits. To my mind, it is obvious that crypto is a good way to invest in
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?
Bitcoin is volatile, everything here is unpredictable, it's price changes and we do not know when will it rise so it is not a good idea that everything that you save for your son are all come from bitcoin. You can use bitcoin as an additional savings or profit but do not rely everything in BTC, there are also factors that can affect in earning BTC like scams, hacked, and others. So I think it is not a good way.
I agree no one has to only rely upon bitcoin investment specially when saving money for there kids which is a major choice for both parents and the kid but it won't be in vain if some one invest a simple amount in a valuable investing asset like bitcoin because even its prices are low these days there is a high possibility to recover in the near future so the risk that was taken will not be wasted in any way if invested in the correct time and the correct amount
I still believe bitcoin will lead the world. Its always a good idea to save btc for future. Its ok that now the market is down but it can move anytime and also if you save it for your kids it would be long time hold and you will get your value definitely. As you said he can purchase some more cause the market in deep low. Hopefully the future will be shine with btc.
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?
And the alrcoins are mine,for me and my wife’s retirement
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 get 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.
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 this is a great idea. In the long run, bitcoin should show growth. Otherwise, if the money will lie in the bank, then they will be depreciated due to inflation. Definitely - bitcoin is more profitable compared to a bank deposit.
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?
Bitcoin is volatile, everything here is unpredictable, it's price changes and we do not know when will it rise so it is not a good idea that everything that you save for your son are all come from bitcoin. You can use bitcoin as an additional savings or profit but do not rely everything in BTC, there are also factors that can affect in earning BTC like scams, hacked, and others. So I think it is not a good way.
I agree no one has to only rely upon bitcoin investment specially when saving money for there kids which is a major choice for both parents and the kid but it won't be in vain if some one invest a simple amount in a valuable investing asset like bitcoin because even its prices are low these days there is a high possibility to recover in the near future so the risk that was taken will not be wasted in any way if invested in the correct time and the correct amount
Bitcoin can be a good way to save money for kids or it can be a bad thing and it always depends on how bitcoin will progress in the future which is something that we cannot decide at the moment but some predict bitcoin will be destroyed by considering current price drop which is a really bad prediction because no one can certainly say that so it is up to the parent to decide whether to save money for there kid through bitcoin or not but according to my point of view why not at least invest a small amount rather than avoiding a potential investment option
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?
Bitcoin is volatile, everything here is unpredictable, it's price changes and we do not know when will it rise so it is not a good idea that everything that you save for your son are all come from bitcoin. You can use bitcoin as an additional savings or profit but do not rely everything in BTC, there are also factors that can affect in earning BTC like scams, hacked, and others. So I think it is not a good way.
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 its not good if you want to save your bitcoin for a very long time, if you save bitcoin more than 10 years, i thinik you can try the alternative, like the property and anything else
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 if they save Bitcoin for their children then that would be a good choice. As in the future, I believe Bitcoin prices will rise sharply and the amount of Bitcoin reserves will be a great gift for their children.
Good opinion, but if I suggest don't invest everything in bitcoin. Enough half is stored in the form of bitcoin, the rest is kept in the bank or buys property or gold. If the price of bitcoin continues to fall, financing for the future of children is not disrupted. 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, like your friend, do the same. I invest in bitcoin to provide for my children in the future. And I'm sure that I will succeed. In any case, now you shouldn’t do anything, just hold. We must not repeat failure that guy with pizza.
It's not a good way to save money for your kids. I'm certain no financial advisor will advice you to save money for your kids in a digital currency that it's existence isn't regulated by law.
After reading all the replies, I have enjoyed to view it from other perspectives,
I have seen a lot of people who don't like the idea.
I invite you to tell us more about your alternatives here If BTC is not the best way to save money, What you think is the best?
I have seen a lot of people who don't like the idea.
I invite you to tell us more about your alternatives here If BTC is not the best way to save money, What you think is the best?
Jump to: