Topic: Saving Bitcoins for your Children. - page 68. (Read 24498 times)

Saving bitcoins for your children is a good move. But remember that you must not give excessive importance to this. Why? The child should also have the opportunity to make his future. You may save bitcoins with the purpose of education and health care. Certainly to make your children rich is a far fetched idea.

The best way is to educate children on cryptocurrency - You must teach. That's  the way. The way children are taught to put money in the kitty bank. The way they are asked to open up bank accounts and make small savings/transactions, the same way they have to be taught the bitcoin transactions and saving. It is enough to know that much as a child. Once the child is ready to understand trading then certainly the digital market and cryptocurrency ecosystem can be explained along with day trading etc. I guess with the evolution of cryptocurrency down the line, doing business would become a basic knowledge of most people just as using a computer has become prevalent not being the privilege of a learned few.

Knowledge, education, responsibility and wealth. That's the order of progression. Nobody knows what future holds for us. It is good to plan and invest in bitcoins along with other modes of investment. But we must remember always that investment in education should be first priority.

Maybe at that time Bitcoin price will be 50k$ or 100k$ so the amount of Bitcoin we spend for our children will become very huge

Yes I do actually save my bitcoin for my child especially now the bitcoin value is growing now, when I trade bitcoin I really use for my kid especially their school tuition costs really I can use bitcoin saving for my child.

I think this is ideal. All parents want the best for their children. That is why parents are working so hard so that they can provide a better future for their kids. And by doing Bitcoin, this future can be achieved due to its high value.

The idea is truly good, saving for your child is tge nicest decision. I will also do the same thing if i also fave a family.

If you’re starting to think about your child’s education and how you’re going to fund it, you may want to consider putting a regular savings plan in place. This means saving a sum of money on a regular basis like your earnings through bitcoin and putting it into an account that earns interest. You’ll also be able to take advantage of compound interest, so you earn interest on any interest already earned.

Having a diversified portfolio is key, if for some reason one of the coins in which you invested fail then you do not lose everything and you may be able to offset the losses of that coin with the profits of the rest of your coins, and at the same time your overall profits are going to be even better.

My question is where you will store your hard earn earnings? trezzor? ledger nano? how secure is that?

is there any concrete news that bitcoin will not be overthroned by other coins like waves or eth?

this one always my plan for famaily if put at least thousands dollar each year for each children that you have , in 20 year they will benefit in big big way because of this one
this is only thing for me that i care about and because my thoughts is like this i never think about selling our doing nonsene day trade with bitcoin , please you ppls must read acre of diamond story and you see that thing like bitcoin happen very rare in history
this is perfect thing to build for famaily

Bitcoin having so high value will be a precious gift to the children and your children will surely praise you so that you can feel proud and this will allow your children to move freely in future because they don’t have any financial issue as well and as bitcoin is now going more up and surely when my children will be grown up then the price will be in millions and It will be very pleasing for them that they are having a great asset.

Saving Bitcoin for your children or your future is a good idea. Nobody knows what Bitcoin will bring us up ahead but definitely it will cost us nothing if Bitcoin will become less valued currency but for sure the future of blockchain technology is brighter so this idea is better than doing nothing or spending money into vices and anything that has no value for our future.

I have just a small section of coins somewhere that will one day be for my children unless of course I really need it or it grows way more than my expectations. I have a paper wallet and I have given the private key to a trusted family member as well as keeping a copy my self. It's a great way to save for your children and hopefully provide for them a better future at a low cost right now.

great idea!..mine too hold it for the future...im still young and i have many needed in my life that's why im holding it ..when time has come i will buy it  house and lot , car , for wedding , business and for my future son and daughter...

If for the sake of children, it would be better if we save bitcoin that has become money through exchange services. Why? Because there are still not many payment facilities that use bitcoin, so if we are pressed need money for the needs of children then do not have to bother to do the exchange first.

Yes i will save money for my children that they maybe will use in their future.

For now, holding money for my children is not part of my goals. In fact, I am still young and I have many goals to achieve before focusing on building a family and having children. However, once my goals are finally achieved, surely I will move towards stability and wellbeing in family life with the person that I love and with many kids that call me dad. In this case I will definitely plan and program how I could hold money for them and it may be in bitcoin why not.

Actually as of now it's my dad who's saving some ether for me. hehehehee. from mining though and investing. i'm the one trading for him lolz. hahaha but yeah if i'm gonna save some for my kids i might as well give them access to  my private keys first hhahhaha

This is one of the reasons why Bitcoin might not achieve the objective of being a P2P currency and more of a gold type of asset. There is already this trend to hold BTC and i dont think is gonna go away too soon. I lready have a small wallet with some btc in it that i wont touch for a long time!

You need to be very open about what you want to do and tell your children about it, if you do not that bitcoin could be lost forever and instead of benefiting them you will give a burden to them if they get to know that you had some money saved for them and that they cannot access it, it is my belief that at some point a service is going to appear to address this need to inherit our coins to our successors.

It’s a very good idea to save bitcoin for children bitcoin is actually playing a different role you can use it as a currency and as well as it play a role as an asset so bitcoin is a very good asset than any other asset if someone is investing in bitcoin so it’s also a kind of asset for them because when the price go high then then sell bitcoin and take their profit so same if you keep save bitcoin for your children’s it will help you in your future children.