Saving Bitcoins for your Children. - page 58.

barbara44

hero member

Activity: 2534

Merit: 605

Quote from: GieM on December 20, 2017, 10:39:15 AM

Quote from: Jaycee99 on December 20, 2017, 10:31:56 AM

For the parents I as a future parent that would be 10 to 15 years later. If I have a bitcoins that would make my life great and for my family, luckily if the school accepts bitcoin it would be a great help here as future parent.

Hope there would be insurance to accept bitcoins too (like the modern type of insurance offered by banks today wherein your deposit is also yielding profit and lock up in certain period of time and you can choose whether withdraw with corresponding earning yield or take advantage of the insurance plan)

Other wallets are also secure mate and the main thing is deliverance of bitcoin to the children and for this purpose a person has to buy bitcoin and hold it for long term and then give it to his children and those children will be very happy getting bitcoin and as bitcoin trend get started I think bitcoin will be included to the inheritance system as well so let see when I will get a bitcoin from my father to achieve enormous money,

SangkuniBird

member

Activity: 108

Merit: 100

Well I'm not sure about having kids but saving a bit for my future is my big priority now escpecially today that bitcoin is the most valued and has the highest value in the market of all cryptocurrencies. It would be a great idea if you could have as many bitcoins as you can today and store them so you can use them later in your retirement in another country where your bitcoin will be worth a million.

Karmakid

sr. member

Activity: 742

Merit: 397

Sounds good to me specially if when they grow up the bitcoin is still alive in the crypto currency world,
And I hope that when that time comes the price of 1 bitcoin would be so high .

Renampun

sr. member

Activity: 2338

Merit: 365

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

it would be great if it could be realized because currently only Bitcoin holders know their ID and Password wallet, and if the Bitcoin holder is dead then his or her Bitcoin will disappear with him or her , hopefully, in the future, there will be such a trustworthy bank store ID and Password along with his or her heir ...

kumarcp

newbie

Activity: 27

Merit: 0

Saveing a bitcoin is good it will be considered as an assets in future days it will be helpful for your children

syntac

full member

Activity: 338

Merit: 100

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.

muhammedb

full member

Activity: 378

Merit: 108

I think the greatest asset now is to make bitcoin and save it for your children, because it have more advantage over banking money for your children, it can increase within a blink of an eye. Just image someone that bought bitcoin in2008 and store it for his children, how will you classify that investment.

Genosx

full member

Activity: 434

Merit: 100

From me it is a great thing that you use bitcoin in securing the future of your children.
Bitcoin is the best company suited for your investment since they provide a high yield of interest and high security so you are assured that your moeny is in the right hands.

daarul50

legendary

Activity: 1596

Merit: 1034

Seeing a good prospect of bitcoin for the future does not hurt us to store bitcoin as much as possible because with that we will secure the supplies for our children later, especially now more and more projects are done using bitcoin. It will make bitcoin a top choice for investors even though the risk is proportional to the profit earned.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: Qartersa on December 17, 2017, 11:06:11 AM

Well all I know is this is possible. What is more is that it is not yet taxed as of moment. Hence, any transfers until taxation has come full circle will definitely benefit the transferee because the latter will receive the full amount allotted to him/her.

I have read that there is an automatic transfer to your heirs should you die if you set in your Bitcoin accounts a time frame as to when you will effect such transfer.

While this idea is futuristic, we still have to await and see for ourselves how long can Bitcoin make it. Otherwise, all our Bitcoin wealth will be at naught.

Personally I think a better idea will be to create some sort of smart contract that requires you to enter a password at least once every year if a full year passes without you entering a password the smart contract assumes that something happened to you and sends your bitcoin to an address that you specified in the smart contract, that address will be obviously controlled by your heir.

chidrawarster

full member

Activity: 406

Merit: 100

I see many of us investing in stocks , shares, bonds,forex and now crypto currencies especially BTC for higher returns and good future of our survivors. This has been prevailing for some time now and i also see many of us remove their profits and keep the principal amount as it for getting more returns, thats also a good strategy. I would have compounded it for much more good returns instead of withdrawing it partially as BTC has a long way to go.

katrimans

hero member

Activity: 882

Merit: 500

Quote from: imoet on December 16, 2017, 09:47:22 AM

I think it is really a great idea to save bitcoins for our children. It will help us a lot in the future if we are saving the bitcoin for our children. The fund for our children will be need a lot for their food, clothes, even their education.

This is so nice that your uncle is saving bitcoin for his children. His children are really going to be thankful to him in the coming years when bitcoin will be the most expensive commodity of the world. We all should understand that it is just like property and we should collect bitcoin for our future generations so that they can spend lives in the best possible way. Your uncle is a very wise man and you should also follow him.

Asuspawer09

sr. member

Activity: 1638

Merit: 425

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

A bit risky but somehow a good idea. It is just that there's nothing sure about it. This plan must move qlong the rise of bitcoin. If this would continue then it can turn out a good saving you could give to your children.

glowing10

full member

Activity: 812

Merit: 142

Quote from: Kadal Ijo on December 26, 2017, 01:03:03 AM

Saving bitcoin for children is perfect, if we saving now $ 1000 then another 10 years will reach $ 1,000,000 and with $ 1 million will make the future of the child better.

Who know this could turn out to be true if bitcoin keep rising at this pace without much hindrance from anywhere. Though it is not a realistic but still atleast i can rise much more than what it is at present and you can easily make some money by even investing now and selling later when it rises which can help your children.

sozvdhua

member

Activity: 113

Merit: 10

Quote from: Kadal Ijo on December 26, 2017, 01:03:03 AM

Saving bitcoin for children is perfect, if we saving now $ 1000 then another 10 years will reach $ 1,000,000 and with $ 1 million will make the future of the child better.

According to the current development of bitcoin, I think nowadays buying a bitcoin is about 15,000 U.S. dollars. After five years, visual observation will bring more than 100,000 U.S. dollars to the children.

Kadal Ijo

full member

Activity: 1162

Merit: 106

Saving bitcoin for children is perfect, if we saving now $ 1000 then another 10 years will reach $ 1,000,000 and with $ 1 million will make the future of the child better.

Bacotan Bae

sr. member

Activity: 504

Merit: 252

Saving bitcoin for our children is a good thing, by setting up bitcoin for them will certainly make their future better and we should know that the cost of education in the future is so expensive that bitcoin can be a good solution.

Asmonist

sr. member

Activity: 756

Merit: 251

Yes of course. This can be one of the purpose. Its like saving a trust fund for you children when they get at the right age. It can motivate you more to earn bitcoins for children's future. You can use it on there education and medical expenses as well. Its so good to save bitcoin for a particular purpose to have direction on your bitcoin whereabouts.

Butchick

full member

Activity: 392

Merit: 101

dApps Development Automation Platform

This is very much possible and since the only way we can get into the account is thru the pass codes in which we can keep it safe by tucking it somewhere safe. Saving bitcoins for the kids is actually a perfect idea for a long term investment and i think one way you can keep the codes is by keeping them in vaults that only these kids can open. But of course, you have to keep track of the value because, of course, its important so you wouldn't be losing any amount.

Bitcoin_trader2016

member

Activity: 266

Merit: 10

BITCOIN TRADER 2016

Yes obcourse i was saving some of my earning bitcoins for my children. We dont realy know what will happen to us in the future so mucb better if we already arrange some of our income for the futures of our childrens.

Topic: Saving Bitcoins for your Children. - page 58. (Read 24497 times)