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Topic: Saving Bitcoins for your Children. - page 55. (Read 24497 times)

member
Activity: 75
Merit: 10
January 06, 2018, 02:45:02 AM
Yeah, it is a good idea, if we save bitcoin for our children future wise, then of course after 10 or less than 5 years, if we permanently hold it then 1 bitcoin could give us 10% to 100% profit and it is a huge profit to make bright future for our kids. Actually we need money for our children for their education and married and if this problem will be solved behalf of bitcoin. Then it is the best benefit of bitcoin
newbie
Activity: 208
Merit: 0
January 06, 2018, 02:01:09 AM
Hats off to you. I'm seeing you as a very responsible parent. Your children are lucky to have you in their lives.
Write down all the valuable details and entrust them to your confidante or better yet put it in a safe deposit box. But be sure to have an extra copy just in case.
newbie
Activity: 16
Merit: 0
January 06, 2018, 01:25:48 AM
yes, it's a very good idea to store bitcoin for our children so that by the time we die our children continue our investment and our children do not feel the pain.
storing bitcoin is the best way for long-term investments so it's good to pass the bitcoin off of the cheaper property, in contrast to the longer bitcoins will continue to rise in price.
jr. member
Activity: 224
Merit: 3
January 05, 2018, 11:55:46 PM
Saving of btc for the future of your children is kinda risky.
The price in the market is really unforgiving, the fluctuation is high and we dont know untill when the btc is on the stardom of crytocurrency.
The possibility of the worst will always happened and there are a competition between cryptocurrencies it could be someday there are coins that will dethrone the btc then your saving will diminished.
Beside There are no known companies yet that you can deposit your btc and will gain interest.

Traditional currency still good to save for the future of your children. Mutual Fund is a good one.
member
Activity: 406
Merit: 11
January 05, 2018, 11:40:43 PM
This is a very good idea. Good for the future of your child. If you have bitcoin to spare then why not. You should also educate your child about bitcoin while he/she is still young though i think he can't grasp all the idea surrounding the bitcoin world because he is still young and all he want is to play. But be sure also to put protection on your child's bitcoin so it will not be put to waste when time came that he already needs it.
full member
Activity: 196
Merit: 100
January 05, 2018, 11:12:41 PM
When bitcoin came in this online market on that time i'm not thinking about bitcoin but still now i'm already hold some bitcoin for my little children and for his bright future. I Know now bitcoin is a best saving for all so i'm save bitcoin for my children.
legendary
Activity: 2534
Merit: 1338
January 05, 2018, 11:04:34 PM
If we aim to save bitcoin for the child's future, we should make details about the address and key of bitcoin and store safely, write testament to the child about it. So when we're dead, our children can sell the bitcoins we keep safely.
But that is exactly the issue, if you write your private keys in a testament anyone that got access to that testament will have access to your private keys, in my country if you have a will your lawyer will keep a copy, so you will need to trust that your lawyer, the secretary or anyone in that office does not steal your bitcoin and the whole point of bitcoin is to not trust in anyone, so you are defeating the goal of bitcoin.
full member
Activity: 140
Merit: 100
January 05, 2018, 11:03:20 PM
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.
full member
Activity: 224
Merit: 100
January 05, 2018, 10:15:36 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
Maybe it is a good thing to save bitcoin for your kids.But yeah the problem is how can they access this saving once they needed it.But it still a good start to think for the childs future.
newbie
Activity: 32
Merit: 0
January 05, 2018, 10:09:09 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
I think it is a good idea, saving your bitcoin for your children or for your children on future. If you know to invest it is a big opportunity you to invest because in investing is the one who can get a big money or btc.
sr. member
Activity: 434
Merit: 250
January 05, 2018, 10:00:37 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 tu, I will save my bitcoin keyword to my child when he already know what bitcoin, with the future of our son can be successful
member
Activity: 238
Merit: 10
January 05, 2018, 09:34:19 PM
There are lot of option where you can put your money to invest and make it grow. For long term investment you have the stock market, real state, bank, business corporation and many more. While for short term investment you have Bitcoin. Bitcoin offers a good profit in short period of time. if invest in these place you can assure a good future for you children.
full member
Activity: 224
Merit: 101
January 05, 2018, 08:59:29 PM
that's good idea. you can write down your seed and you password on the metal plate instead of paper becase with it can be wet or burn but in metal plate it will water proof and fire proof. i have idea using 3d printer to make coin like wallet thatin that coin it have our seed writen and our address and a logo for different wallet
newbie
Activity: 7
Merit: 0
January 05, 2018, 08:51:41 PM
...Since bitcoins value continues to grow up, I think it is a good investment for our children. I can already imagine how much the value of bitcoin when my children turns to legal age.
newbie
Activity: 150
Merit: 0
January 05, 2018, 08:49:45 PM
Saving and locking small amount of BTC to your children is wise move instead of whole lot. Good luck!
full member
Activity: 952
Merit: 104
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January 05, 2018, 08:46:06 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

That is how everyone thinks when they have children. Every parents think that way for the future of their children. The opportunity that bitcoin gives is very essential for every parents to save at the same time earn a decent amount not only for their children but also for their own as well.
full member
Activity: 229
Merit: 100
January 05, 2018, 08:44:51 PM
The best way is to buy yourself a Nano Ledger with some instructions on how to use it. On the Nano you can also put other currencies if you want to be sure that one or the other will still have a good value in future - after all Bitcoin may not be the number one in the future at some point.
full member
Activity: 476
Merit: 100
January 05, 2018, 08:43:35 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
to save it it is definitely I personally keep it in a small record store and it is definitely only me and my family who know or part I invest in a real form with savings or with deposits that can certainly be useful for my son's future
member
Activity: 227
Merit: 10
January 05, 2018, 08:14:06 PM
i like the idea, saving at least 1 bitcoin is good. just store it in your wallet and you'll be surprised when the time you give it to your childred  Grin
sr. member
Activity: 560
Merit: 250
January 05, 2018, 07:34:42 PM
Yes that is one of my goal saving digital currencies for my kid for her future. The investment will be used for her studies and for her to enjoy a confortable life.

Everyone has a different purpose to play Bitcoin and one of them save your Bitcoin for your child in the future. Wink
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