Topic: Saving Bitcoins for your Children. - page 49. (Read 24498 times)
It's a good idea to save btc for our children but who knows how long btc will be alive?
I am planning that. Because the next generation is the one who is the most involve when the time happen that cryptocurrencies are already supported by the government and society.
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.
This is a good idea, like when your child reach 18 yrs old he/she can have it. That's a big money by that time. Enough for her to do a business.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.
Maybe you need a safety deposit box to place your private key that being registered to your child.
I think this is a very good idea, I will try to do it save bitcoin for my child's future. but the reality is very difficult for me because I have not enough bitcoin. But I will keep trying to make it happen.
This is briliiant idea for the future! as the time goes by, the prices of some digital currencies will goes up too. at that time when your children need it or you want to give it on your last will, you can. so your children will fully funded from digital currencies to ensure their future.
I think if you want to invest in bitcoin, you should be prepared with all the consequences. I understand when someone wants to invest dibitcoin on the grounds of high bitcoin value and potentially even higher. But if the problem is related to family or inheritance, bitcoin is very risky if used as an inheritance. What if you invest now dibitcoin, it turns out that next year you die and when you die, bitcoin value becomes very small, causing your invested capital will be lost. I can not describe your family situation at that moment.
I think the best way of doing it is I would buy an hardware wallet in a security box in a bank (or hidden somewhere safe like fireproof, waterproof, dustproof, etc.) with the instructions and give all the details to another trusted person, that's more than a will.
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.
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.
That is a good idea because you didn't think about yourself only but you must think also for your future and always be on yourself and put in your mind that in the future you will have your own family. Make sure to save now for your family, your children specifically in order for you to not make yourself hassle at work just to earn and save for your childrens.
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.
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.
There is no other way but for these private keys, passwords, seeds, and the like to be kept in a very safe place or even a fire-proof vault. There is no way these very important information be entrusted to any person for the sake of the future of your children. That is not a safe thing to do especially if these will be given to a person who cannot be fully trusted. I think it is enough for these to be kept in a vault complete with instructions on how to claim all these.
We need to continue investing in Bitcoin for our children and ourselves. But invest in yourself and learn about blockchain technology. Because the technology that will shape the future is blockchain.
I would like my children to use beatcoins.
I think that our future is in cryptocurrency, but I don't think that Bitcoin is immortal. I will teach my children how to earn tokens 
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.
Yes every month I save a small amount of bitcoin then I deposit for my future of my kids I want secure there future. Saving even small amount its a big help for them cause you do not worry if you a jobless or greedy in coming future. And that account me and my lawyer know that, so that if I'm gone there is someone tell them, cause every parents want secure the future of there kids.
Well, I do not think that it's a smart idea to keep bitcoins for so long! New cryptocurrencies are becoming stronger and stronger, I really doubt that it's a safe long term investment. There is a bright future for cryptocurrencies and it's a good idea to be involved, but you must control your investment on a daily basis. Even thou that bitcoin cost a fortune now, it has never been as weak a today (talking about the market cap).
bitcoin is a long term investment no doubt that is mind blowing idea of to saveing some bitcoins for your children .I know one person you purchased bitcoins of 5000$ 5 years back for his daughter and now imagine what will be the worth.But yes there should always b someone who knows your password because life is too short we all dnt when where will be our last day of life.
I join and work in bitcoin as well for my children's savings because in the future they will need a lot of funds and I record all addresses and password key that are also known by my son
Yeah it's a good idea but who know if bitcoin will still be valuable as it is now then
your opinion is correct, in my opinion, what if have bitcoin, better save up to three years later sell and save for your child the money. 
That'll be a good plan and of course sound investment as well. Double purpose as others call it because not just you are only saving it for your children, it will also earn profit and will its market price will go eventually as time goes by. So it is really worth of a plan.
Hell yes! Will be taking out some profit to FIAT for future savings - so I can sponsor my son's education and give him a nice start! 
It's a great idea to save bitcoins for your children since it is a very good investment for their future.
Jump to: