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Topic: Saving Bitcoins for your Children. - page 38. (Read 24497 times)

full member
Activity: 420
Merit: 101
January 31, 2018, 09:54:18 PM
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 Huh Huh
Good idea when it comes to saving money for the future. Children are most important ,specially  to their security when they grow old and for emergency purposes needed. Bitcoins helps each and everyone to be financially stable.
member
Activity: 238
Merit: 11
January 31, 2018, 09:49:49 PM
bitcoin is very important to me but before it my children are really important that is why i am focusing in bitcoin i need to save up more to gain profits and save income for our sons bank account so i can secure his future , i need to save for his education , basic needs for his future because  i don't want to be a useless father if i cant even make my son into school . i need to save up to feed him and give him his needs and also for his future insurances as well . I just want to prepare everything for him so it will not be a problem when time comes . thanks to bitcoin because i can give my sons needs and wants .
newbie
Activity: 2
Merit: 0
January 31, 2018, 09:43:45 PM
Im using bitcoin to send money for my family at home. But also saving for myself. I appreciate your plan for your children.
member
Activity: 102
Merit: 14
January 31, 2018, 09:39:35 PM
I have planned that to save bitcoin for my children. I just try to save few coin from my earning. But I think it would be better to teach them to know them about the world of bitcoin. So I am trying to teach them I think that will more helpful than saving few.
And I thought so too, saving some savings with bitcoin to prepare the children for development so that they can be worthy of the kids.
newbie
Activity: 163
Merit: 0
January 31, 2018, 08:47:18 PM
Keeping bitcoin for the next generation is a great idea that we do not know where bitcoin will be in the coming years, but if it stays on the same path as the bitcoin fraction will be worth a great deal.
full member
Activity: 285
Merit: 100
January 31, 2018, 02:22:14 PM
I think it's time we keep bitcoin as a savings for our children and for our children's education expenses in the future, because the cost of education is so great then we have to save and save bitcoin as, educational cost for our child later. Wink
sr. member
Activity: 696
Merit: 258
January 31, 2018, 02:12:08 PM
yes, its a perfect idea and I appreciate it. However be cautious in storing the wallet and the password. You can have a hard token instead and hand over to anyone to your kids in future. Always share information and knowledge about cryptocurrencies to your kids so that they would be aware of the benefits and future usage.
sr. member
Activity: 463
Merit: 250
January 31, 2018, 02:05:25 PM
Good idea, although bitcoin price is quite high already. 1 btc would cost half million in Philippine Peso. Lucky for those who have extra and excess money to spend for btc and for crypto investors because they can always have a hold anytime they want to. All they have to do is just buy and forget about it for few years. It will surely make the holder gain more than 10x fold.
Wow, it is very simple to become the rich or the poor Roll Eyes. You have to know the Bitcoin value can be worthless, no one fixed its value is always high like now. Do you think the whale are stupid? Of course, if Bitcoin can be interesting like Gold, its value can still high in next 10-20 years.
member
Activity: 826
Merit: 11
January 31, 2018, 07:21:50 AM
Good idea, although bitcoin price is quite high already. 1 btc would cost half million in Philippine Peso. Lucky for those who have extra and excess money to spend for btc and for crypto investors because they can always have a hold anytime they want to. All they have to do is just buy and forget about it for few years. It will surely make the holder gain more than 10x fold.
jr. member
Activity: 162
Merit: 1
January 31, 2018, 05:39:40 AM
I think it is a great idea to save Bitcoin for your children, we all know that Bitcoin will continue to grow and increase its value in the future. I suggest write the details and password on a notebook and keep it in a vault or safe box. It's also better if you let your wife know about it, am sure you trust enough to let her know.
full member
Activity: 552
Merit: 102
January 31, 2018, 04:43:35 AM
I have planned that to save bitcoin for my children. I just try to save few coin from my earning. But I think it would be better to teach them to know them about the world of bitcoin. So I am trying to teach them I think that will more helpful than saving few.
newbie
Activity: 113
Merit: 0
January 31, 2018, 04:43:14 AM
This is simple and easy to do. It's what I'm doing for the grandkids. I have a different paper wallet for each of them, and every year I add $X-worth of bitcoin on their birthdays. That makes for nice dollar-cost averaging. And it leaves me in control of the funds, should something unexpected happen in the meantime.
newbie
Activity: 70
Merit: 0
January 31, 2018, 04:31:47 AM
Yes, I think it's a good investment.
I recently bought a bitcoin for my son.
I intend to give him this bitcoin as an adult when he is an adult.
full member
Activity: 202
Merit: 102
January 31, 2018, 04:27:19 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 think that is a good idea for a much better future for our family and for bitcoin as well why? When we use bitcoin to save money our children will know what we did and in that they gonna have interest in starting bitcoin too when they get in their right age.
sr. member
Activity: 728
Merit: 263
January 31, 2018, 04:23:42 AM
Yes, Bitcoin saving would be the best future policy for your next generation. I think today's investment will bring a lot of opportunity in the future. So today's Bitcoin will be the worth investment in the future time. Not only that but also Bitcoin should be the best choice for the retirement life. It's true that after 20 years from today Bitcoin will be worth more than a million so that it will be the most valuable investment.
jr. member
Activity: 336
Merit: 7
January 31, 2018, 04:11:52 AM
I think it is too long term investment, you should follow tendencies and prices and then make decision.
newbie
Activity: 70
Merit: 0
January 31, 2018, 04:05:19 AM
I think it's a good idea.
Bitcoin is a good investment.
In the future, bitcoins may reach a high price.
jr. member
Activity: 101
Merit: 1
Coin Hunter
January 31, 2018, 04:02:15 AM
Saving bitcoins for my children! Well, that might be a very good decision or might not be very good. It actually depends on the scenario of that time. Right now cryptocurrencies are having a seriously good time. But who knows what will be the moment after 20 years. It will be wise to gather as much as bitcoin we can and spent that to buy some real business. Because cryptocurrencies are really good but they could not be a replacement for real business. So real business will always have a place in the future.  
newbie
Activity: 14
Merit: 0
January 31, 2018, 04:02:12 AM
I'm just saving whatever BTC I have for a car should the price appreciate in future.  Grin
member
Activity: 106
Merit: 12
January 31, 2018, 03:59:16 AM
that is good idea. nice topic
yeah it is good idea.but some people are worried  about it because the thing here is the bank. Does the bank accept bitcoin? There are banks that do not accept bitcoin nor know bitcoin. Also, the bank might just convert that to fiat that will keep the value of bitcoin from pumping the price. You can just keep your private key in a safe or a place where no one will be able to see or get it except you. You can just add that to the last will so you can get the pump of the bitcoin at maximum.
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