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Topic: Save you Bitcoin for your (grand) child / children? - page 7. (Read 36315 times)

sr. member
Activity: 252
Merit: 250
first i have to confirm that bitcoin will sustain for a very long time and then i have to make plans on investing for long haul. I would be glad to invest in a regular manner rather than investing with digital token.
newbie
Activity: 4
Merit: 0
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hero member
Activity: 896
Merit: 1000
I currently and a few others of my team just give some away each holiday.
I tend to give them a link of sites and stores they can spend it at or choose to save it.

Its easier to educate people about it with little amounts then save it for them mass adoption is needed.

Because your able to buy giftcards and such with btc from third parties these stores and companies don't see the transaction that are happening with it.
So im really starting to feel unless the model is changed or brought up to bigger parties not really worth saving long term for my grand children.

Its would seem better that i invested much early on cashed out and put it into investments that have a good chance of a passive income and same that money.

But then again that's me and we have no clue where crypto is going.
member
Activity: 267
Merit: 77
I have engraved private keys onto titanium plates for exactly this purpose....

Nice, very cool. I didn't know you could do that. That would last for a very long time. Excellent idea. I've seen the physical coins, but not the titanium based ones. Thanks for sharing.
full member
Activity: 142
Merit: 100
The price of a bitcoin can unpredictably increase or decrease over a short period of time due to its young economy, novel nature, and sometimes illiquid markets. Consequently, keeping your savings with Bitcoin is not recommended at this point. Bitcoin should be seen like a high risk asset, and you should never store money that you cannot afford to lose with Bitcoin. If you receive payments with Bitcoin, many service providers can convert them to your local currency. But again since its volatile, its up to you to keep it for your children. No one knows maybe Bitcoin someday will grow its currency value.
The money that can be put off for the future for their children, not much can distinguish their features. The fact that the real better really to invest their savings, and then be able to provide all the income and parents' and children's future.
full member
Activity: 171
Merit: 100
When I die while still owning bitcoin then my coins will die with me. It will be a small donation to everybody else.
Also I don't belive that bitcoin price will be so much higher in the future as people suggest.
If in the future bitcoin really take a leading position among the currencies, and maybe even more, and will be the only currency then the children themselves to adapt to the new realities of the financial world and ourselves will be able to earn themselves and not wait from parents.
hero member
Activity: 560
Merit: 502
When I die while still owning bitcoin then my coins will die with me. It will be a small donation to everybody else.
Also I don't belive that bitcoin price will be so much higher in the future as people suggest.
full member
Activity: 188
Merit: 100
The price of a bitcoin can unpredictably increase or decrease over a short period of time due to its young economy, novel nature, and sometimes illiquid markets. Consequently, keeping your savings with Bitcoin is not recommended at this point. Bitcoin should be seen like a high risk asset, and you should never store money that you cannot afford to lose with Bitcoin. If you receive payments with Bitcoin, many service providers can convert them to your local currency. But again since its volatile, its up to you to keep it for your children. No one knows maybe Bitcoin someday will grow its currency value.
sr. member
Activity: 473
Merit: 251
I started to save 500k Satoshis each months for my new born nephew. I created a paper wallet and I gonna transfer the amount monthly to the address.
When he reached age of 18, he will get it, of course only if it still will have some value by then Cheesy
sr. member
Activity: 756
Merit: 294
Bitcoin is wild and volatile so storing does not seem to be a good idea. I do not wish this to happen but just in case if there is a world war lll then there would be very less buyers and there will be a low bitcoin price. The best would be enjoying with whta you have now or buy some gold.

It is volatile as USD and other currencies but it is very promising. Why? Because of its cool features and easy transaction online with the capacity of making our transactions private and also fast. There is really nothing wrong setting aside few bitcoins for grandkids in the future while most of your bitcoin earnings are for your personal use.
sr. member
Activity: 896
Merit: 268
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Bitcoin is a long term project. Therefore it makes sense to save small parts over a long horizon. Do you save Bitcoins for your (grand) child or children?

For those who do not have (grand) children (yet), would you save Bitcoin for them if you would have (grand) children?
I don't have some.

My focus in bitcoin is to earn it.

Then once I earb enough, I'll start a business that may continue by my son ir garandson.
sr. member
Activity: 314
Merit: 250
I decided that some Bitcoins leave to their descendants. This is a very good idea. I hope this century will be a good surprise for my grandchildren
sr. member
Activity: 266
Merit: 250
Bitcoin is wild and volatile so storing does not seem to be a good idea. I do not wish this to happen but just in case if there is a world war lll then there would be very less buyers and there will be a low bitcoin price. The best would be enjoying with whta you have now or buy some gold.
member
Activity: 238
Merit: 10
In the long run, it may work out. However there are many risks. I think once you can make a good profit on your current bitcoins sell them.
hero member
Activity: 910
Merit: 505
Technology is improving a lot so it is better to think for yourself right know.maybe around 2020 a new  digital payment will be introduced which will better than bitcoin ,who knows.
sr. member
Activity: 632
Merit: 250
I have not the age to think about the grandchildren. I even have children yet. So right now I earn Bitcoins for yourself. Maybe in the future I will be able to defer some Bitcoins for my descendants
Well, for example, great grandchildren will have to do everything themselves and to help their grandparents. Children of that time is very quick to learn and Bitcoin for them to be casual thing.
full member
Activity: 142
Merit: 100
It depends on the situation. I would glad to save bitcoins for my grand children in the future. Who knows that they will be a millionare someday But I told it depends on sitution. If I badly need a fiat for emergency purposes I won't hesitate to convert my bitcoin savings to fiat.
Now, almost no one is sure about the future. So really put all the money in Bitcoin are preserved for the future of children is very risky but still people do it successfully.
sr. member
Activity: 247
Merit: 250
It seems to me that the best way to involve your children and business Bitcoin, so that they understand what it is and how it works. Therefore, not only make the future will have the opportunity and out of pocket expenses.
full member
Activity: 150
Merit: 100
It depends on the situation. I would glad to save bitcoins for my grand children in the future. Who knows that they will be a millionare someday But I told it depends on sitution. If I badly need a fiat for emergency purposes I won't hesitate to convert my bitcoin savings to fiat.
In the future, we will have time to do everything. Of course you do not want running too on the front, but Bitcoin soon the children themselves will have to make or trade. The main thing to learn properly.
sr. member
Activity: 476
Merit: 250
I have not the age to think about the grandchildren. I even have children yet. So right now I earn Bitcoins for yourself. Maybe in the future I will be able to defer some Bitcoins for my descendants
Dreaming can be saved for anyone, children or grandchildren. But as long as you need for yourself to live normally. And it is possible to cope with the descendants.
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