Saving Bitcoins for your Children. - page 59.

Janation

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Quote from: nheychan on December 25, 2017, 10:15:16 PM

I guess its a good idea than getting an educational plan for them. Because many life plans company closes due to bankcuptcy. I am just saying.

Saving bitcoins for them is not a bad idea, but there are still some problems with bitcoin that might be a problem to that plan. And I think the first thing we must consider is where will that children use that kind of money if let's say the price of bitcoin is so expensive? I think it is best if there are some people who will hold it for them and guide them on using and spending it.

Arisgado

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Saving bitcoin for your children is really good. I'm saving not only bitcoin but other crypto currency that has potential in the future. I want to save bitcoin also not only for my child but also for our family so that we can have a happy life.

Coinsher

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Yeah for sure.Saving bitcoins would the best way to save now for our children.Unless we need cash right now.But if ever we don't need yet,in this way we can prepare and plan to send them in a private and better school.We always think first our children before ourselves in order to have them a brighter future.And bitcoins will be useful to that because it is unpredictable.Before on 2009,Satoshi Nakamoto created bitcoins and it has no value.But after 8 years,bitcoin a digital currency is now very popular and who's value reach in 14k USD.If we only save early bitcoins,maybe our children's future now are secured.

nheychan

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I guess its a good idea than getting an educational plan for them. Because many life plans company closes due to bankcuptcy. I am just saying.

ClumsySmile45

newbie

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Quote from: soma50 on December 25, 2017, 10:07:05 PM

You can create a paper wallet for your child and every month a small amount of money can be placed in Wikipedia .You can be kept in a secret place. Only you and another person know. I did that.

I don't think it is a good idea. Placing your wallet address and password in an online directory. Better to have a hardware wallet if you want to keep something for your children.

soma50

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You can create a paper wallet for your child and every month a small amount of money can be placed in Wikipedia .You can be kept in a secret place. Only you and another person know. I did that.

regnidorhcs

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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

For me, saving bitcoin for my future children is very important. I don't want them to have trouble with their finances that's why I am working hard right now for them to inherit my riches in the future. Having this kind of thing in my hand is a good thing but I think it should be prioritized on how this matter wouod go on if ever something bad happens to me. Bitcoin is very beneficial so I hope this will be fixed.

Shutup

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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 l have to set aside for my kids for their future because that's my plan when I have at bitcoin. As a single mom l have to think about first for my family needs. Saving is very important now because of bitcoin price now is very expensive. I can profit a big amount and save a big amount for the coming future.

GooddyLife

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Sup

seems a good idea but if the government blocks the bitcoin in my country ill end up losing everything

Gramna

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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

This is a very important thing since we are not aware when we are going to die and the money we've earned should go on the right people in the right way. I don't think this matter is already solved and managed but it will really be a good thing if ever. We all want out family to inherit our wealth so bitcoin should really be aware with this kind of situation to avoid troubles.

ClumsySmile45

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Quote from: popoypalaboy03 on December 25, 2017, 09:41:47 PM

I would not put everything in bitcoin as we don't know what the future will be. Bitcoin could loose much value if Western governments choose to support alternatives and make trading of Bitcoin much harder. It could loose much value from competitors too but i suppose we would see that coming.

Correct, if you are really concern for your children's future. I think you should cash out your profit and invest on a business that is more stable than relying in bitcoin.

19Nov16

sr. member

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I think leaving bitcoin to children is very appropriate and useful, we all know that bitcoin will be beneficial if we saving for a long time (more than 5 years) and we are obliged to teach bitcoin to our child.

popoypalaboy03

member

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Merit: 10

I would not put everything in bitcoin as we don't know what the future will be. Bitcoin could loose much value if Western governments choose to support alternatives and make trading of Bitcoin much harder. It could loose much value from competitors too but i suppose we would see that coming.

ClumsySmile45

newbie

Activity: 73

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There is no assurance in bitcoin. Better to put that in your mind. If you are going to save some for your children make sure its in cash or other than currency, rather in coins.

sudip76

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Yes its good idea. Saving for your children for their batter future and give them a very good life.when you save bitcoin for your children make sure your wallet information in a safe place.

BILGPS

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I think instead of bitcoin if i leave a good business for my children i will feel happy because from that there are many benefits like i will invest my bitcoin and other money and i will start a factory for my self and there will be good opportunities for the needy and poor people will start employment there and from this i will get return and ultimate my children will grow with time and after me they will lead this factory or some other business.

dhianeji

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Saving bitcoin for your children is a good idea because bitcoin price will increase in the future , they can actually make a fortune from it.

tempebacem

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I have thought about that, however, I still choose to use Bitcoin to invest. I think this decision is right because Bitcoin's price increases every day and we should take advantage of it, which can help us make a huge profit after a short time. Instead of storing Bitcoin, I choose to invest in it, the profit will be more and more after each investment, it is very real and sure because no one can predict the future.
Wink

futuret

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Quote from: WJY123456789 on December 24, 2017, 06:14:16 AM

It's a way of investing, but I think there are some conservative ways to do it.

Yeah it is important to have something for your children because you must don’t know what glint do is happen in future. If you are saving something for your present and making money for future of your children then you are good. This way we can tell our children that saving i9s good and if they will also save something then they will be able to secure future and have something at the time of need.

Crypto-2X

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Crypto is everything!!

Quote from: pat4cryptoreal on October 17, 2017, 08:58:24 AM

Keeping other physical asset for your children is very easy but storing bitcoin for your children is very risky because the wallet may be hacked before your children grow to maturity so it needs a high level of security consciousness.

The Paper wallets are more secure if you can keep it in a safe place because the paper wallets are not hackable.
However, make sure to keep it in a safe place because it can be stolen.

Topic: Saving Bitcoins for your Children. - page 59. (Read 24498 times)