Saving Bitcoins for your Children. - page 115.

limelemonade

newbie

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Quote from: acpr23 on October 17, 2017, 08:59:05 AM

Quote from: enterprevic on October 17, 2017, 08:29:52 AM

Like every other investment such as real estate, stocks and other forms of investment we know that you can invest in that kind of things and then you get something like say a Certificate or a Binding Document as a proof that you are part of that investment, now that of bitcoin all you have is just your address, your password, key and seeds as proof of the ownership of the wallet.

BTC

So now if one is considering buying bitcoins and saving for his/her children in the future is there any way to do that with bitcoins apart from having to write down your details somewhere. I'm asking because with that kind of stuff if no one knows your seeds or password no one can get the coins. Huh

Buy 1 BTC now for your child and save it for him in the future, he will surely have a good financial status for his education by the help of those bitcoin

yup i agree to u on buying btc and saving for he children in the future

marckenigsberg

member

Activity: 164

Merit: 19

Hardware wallets that are stored in a secure location are good.
Seed can even be split amongst the beneficiary and the will (low tech multi sig).
Location can be known only to beneficiary.
I also like physical bitcoins.
There is the risk but they are the easiest to pass on.
A lot of people still really like paper wallets.

Sengoko

full member

Activity: 491

Merit: 105

Quote from: Mr.grin on October 28, 2017, 10:01:54 PM

Quote from: JimmieA on October 28, 2017, 09:44:13 PM

That is also a good idea. In the next few decades,maybe btc will grow rapidly around the world and btc prices will be several tens or even hundreds of times now. So if you save your kids some btc right now, then perhaps they do not need to worry about money later.

it's a good thing to keep bitcoin for a long time, but the question is whether we can afford that. most people only last 3-4 months in holding bitcoin before selling it. yes, hopefully we can hold bitcoin in a long time.

Yes everything I am doing is not only for me but also for my family. I have invested in bitcoin for the sake of my children secure and happy future. I want to buy all the comfort for my children and also want to start a sound business for them in the future.

I want that when they grow enough to handle their own business then I will sellout my bitcoin and I hope till that time the price of bitcoin will also be very high.

Visbay

sr. member

Activity: 1236

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Quote from: rickadone on October 31, 2017, 01:36:09 AM

Quote from: ukstar on October 30, 2017, 12:59:33 PM

yes we save bitcoin for my children because we know Bitcoin is a best future for my children.

Mostly many of the peoples here save bitcoins for their future and are really eager to wait for their bright future including me. Also I am expecting a lot from bitcoins and also I am working hard to own some coins for my future.

Bitcoins can truly make our future stable and we can depend on them as previously we saw a good example about this when the peoples who bought their bitcoins in 2009 and sold them in the year 2016-2017 with a huge profit making their life stable without any financial obstacle. The same is now expected by many of us and that will surely be worth it in the future.

Yes it’s a very good idea because we know that after some time bitcoin price will be very high and will be much more strong and stable in market so it’s very good thing if someone keep bitcoin for their children’s for their future because in coming time education will be also so expansive and bitcoin can help them at that time.

shahinurit

member

Activity: 168

Merit: 10

I guess,it is good opportunity for next generation.That's way i have done bitcoin wallet for my child.

A.nayem

member

Activity: 81

Merit: 10

#I would buy an hardware wallet in a security box in a bank (or hidden somewhere safe aka fireproof, waterproof, disproof, etc.etc.) with the instructions and give all the details to another trusted person, that's it.

[email protected]

newbie

Activity: 56

Merit: 0

Isn't this the same as keeping your passwords for your banks, credit cards, online brokerages etc ?

Cryptohunt

full member

Activity: 192

Merit: 101

I think if we keep our keywords correctly and record them in safe files and give full information to our child it is not a difficult thing, except if we keep it secret from our child then you fear it can happen.
so my advice when it comes to investing in bitcoin for our children, we have to give them precise and clear information to keep them in control.

felipe04

full member

Activity: 308

Merit: 100

I think savings is we need in life even little by little i do that everytime i earn here for more secure and for incase of emergency in life i will always do that for my family to help them when we need like that i think family is life here in world so think their future while you can do that because we dont know exactly what will happen in the future

JL421

hero member

Activity: 812

Merit: 510

i have already done that I'm sure that economy is really unstable and recessions can occur at any time the only solution to this is start saving now if no savings are done we can't surivive in thid world save as much as you can it will help you during hard times

Mellifluous

full member

Activity: 135

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Quote from: JoseClimaco on October 17, 2017, 08:35:57 AM

I made a paper wallet for my son and I deposit a smaller amount of Bitcoins there every month. I kept it in a secret place that only me and another person knows.

I don't have a children yet but its a good idea. also i'm thinking to create a bank account and save money for their future.

bce

sr. member

Activity: 756

Merit: 250

Quote from: enterprevic on October 17, 2017, 08:29:52 AM

Like every other investment such as real estate, stocks and other forms of investment we know that you can invest in that kind of things and then you get something like say a Certificate or a Binding Document as a proof that you are part of that investment, now that of bitcoin all you have is just your address, your password, key and seeds as proof of the ownership of the wallet.

BTC

So now if one is considering buying bitcoins and saving for his/her children in the future is there any way to do that with bitcoins apart from having to write down your details somewhere. I'm asking because with that kind of stuff if no one knows your seeds or password no one can get the coins. Huh

may we also save our bitcoin code or password for the future of our child but I also think if bitcoin is deleted or accessed what may we save we can give to our child, if I think investing bit by bit results in a real investment that is profitable and Its long term is safe

owengtam09

full member

Activity: 1330

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Quote from: Clover_Faith on October 27, 2017, 09:55:11 AM

Quote from: enterprevic on October 17, 2017, 08:29:52 AM

Like every other investment such as real estate, stocks and other forms of investment we know that you can invest in that kind of things and then you get something like say a Certificate or a Binding Document as a proof that you are part of that investment, now that of bitcoin all you have is just your address, your password, key and seeds as proof of the ownership of the wallet.

BTC

So now if one is considering buying bitcoins and saving for his/her children in the future is there any way to do that with bitcoins apart from having to write down your details somewhere. I'm asking because with that kind of stuff if no one knows your seeds or password no one can get the coins. Huh

yes, i think that's a good idea to save for our kids for the future so that we dont have to worry for the future because we have a saving for them and they are secure to the future also. So that keep bitcoin now from the future of our children.

I guess saving bitcoin today for ourselves is already for the future of our children, we can just transfer some bitcoin in other account for them but for now we can save our bitcoin and our children are already include with our success. Who doesn't want that their children will have a brighter future? Of course all of us want that. So I think it is already understood.

Joshapat

sr. member

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Quote from: skylark001 on October 31, 2017, 05:58:44 AM

As a parent, we always want to protect our children and saving for them in any form is our gesture to support them in the future for their education or any requirement.

Saving Bitcoin for them, is a good idea, but with lots of risks involved as the currency is volatile. It may be paying good or maybe there is no return. That’s the reason people usually save for their children in safe instruments like gold, real estate, hard currency +++.

Saving in Bitcoin is the same as you save in other market linked investment. The amount of your saving will depend on the prevailing market rate at that time.

Yes agree, as parents we have to do our best to family and children. bitcoin is a great way to get kids practicing about investing, I'll teach bitcoin investments to kids right away. because the financial future of the world is from bitcoin.

hh4mmm

member

Activity: 378

Merit: 13

Saving for our children is a good ideas, mostly wen saving bitcoin for them is very necessary and it is good for their future usage Like for their educational aspect and other requirements, by saving for them it will help to reduce more expenses from the parents. now that we are in digital world the wallet address and private keys can be stored in PC or in written document.

skylark001

full member

Activity: 228

Merit: 100

GIF by SOCIFI

As a parent, we always want to protect our children and saving for them in any form is our gesture to support them in the future for their education or any requirement.

Saving Bitcoin for them, is a good idea, but with lots of risks involved as the currency is volatile. It may be paying good or maybe there is no return. That’s the reason people usually save for their children in safe instruments like gold, real estate, hard currency +++.

Saving in Bitcoin is the same as you save in other market linked investment. The amount of your saving will depend on the prevailing market rate at that time.

Laughtrixx

newbie

Activity: 7

Merit: 0

I think it is smart to save some bitcoins for your children because then they don't have to worry in the future about money problems so they can life a happy life witch every parent wants that for their children.

winer432

newbie

Activity: 37

Merit: 0

Yes, I'm saving bitcoin for my family specially for my children for there education and future, and little by little I introduce them the crypto world for the preparation for how to handle the coins.

hahay

legendary

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Leading Crypto Sports Betting & Casino Platform

If you are already married you can tell the password etc. needed to access your bitcoin wallet to your wife. If you are dead then there is your wife who already holds everything to your assets, in the future if your child is big and can understand bitcoin, you can explain to be able to use bitcoin. It is so simple to apply that your assets in cryptocurrency can continue to run and will not die.

r0nald82

member

Activity: 66

Merit: 10

investing in bitcoin is interesting as price is getting higher each day, each month and year but yet on other point its risky because we dont know for sure what will be happen with this cryptocurrencies. Eventhough i heard that bitcoin will reach their mined coin by 2120 but we dont even know if bitcoin will still be online in some years.

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