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Topic: Saving Bitcoins for your Children. - page 68. (Read 24497 times)

full member
Activity: 340
Merit: 124
December 17, 2017, 08:04:51 PM
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.
newbie
Activity: 33
Merit: 0
December 17, 2017, 07:21:57 PM
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
member
Activity: 127
Merit: 10
December 17, 2017, 06:59:16 PM
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.
member
Activity: 350
Merit: 10
December 17, 2017, 06:49:17 PM
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.
full member
Activity: 420
Merit: 100
December 17, 2017, 06:42:30 PM
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.
member
Activity: 122
Merit: 15
Long Live BTC
December 17, 2017, 06:40:35 PM
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.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
December 17, 2017, 06:20:58 PM
Bitcoin like most other crypto currencies are very volatile and carry no yield unless you lend them using P2P lending services. Which means you'd be relying on capital growth though the increase in value of Bitcoin to grow your investment. I believe that Bitcoin still has much potential but so do many of the new crypto currencies most of which have been built from the ground up to deal with the shortcomings of Bitcoin. If you're looking to invest in crypto currencies you may be safer off investing in a portfolio that consists of Bitcoin, Ethereum and Litecoin.
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.
full member
Activity: 630
Merit: 102
December 17, 2017, 05:11:40 PM
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?
full member
Activity: 211
Merit: 100
December 17, 2017, 05:07:34 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

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
legendary
Activity: 1526
Merit: 1001
December 17, 2017, 05:01:19 PM
Nobody know if its a good opportunity for next generation... Bitcoin is too young to know if it will be part of our heritage.
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.
member
Activity: 118
Merit: 10
December 17, 2017, 04:53:06 PM
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.
full member
Activity: 308
Merit: 105
December 17, 2017, 04:51:33 PM
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.
full member
Activity: 182
Merit: 100
December 17, 2017, 04:50:00 PM
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...
legendary
Activity: 1596
Merit: 1034
December 17, 2017, 04:42:31 PM
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.
sr. member
Activity: 676
Merit: 319
December 17, 2017, 04:21:32 PM
Yes i will save money for my children that they maybe will use in their future.
full member
Activity: 308
Merit: 120
December 17, 2017, 04:11:37 PM
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.
member
Activity: 65
Merit: 11
Fire fire fire
December 17, 2017, 03:37:20 PM
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
full member
Activity: 812
Merit: 124
December 17, 2017, 02:16:55 PM
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!
legendary
Activity: 2534
Merit: 1338
December 17, 2017, 02:06:52 PM
You could also try saving your bitcoin details on the flash drive and making a letter and hiding it for your son / daughter for future use. You may not know what's going to happen in the future, but if bitcoin exists in those years, let it be a surprise to your children and their families, but if you do, it will not. Ever touch that flash drive anymore because the bitcoin price is rising and you can not control yourself that sells them lol

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.
sr. member
Activity: 460
Merit: 254
December 17, 2017, 12:17:20 PM
Of course this is a good thing to invest in any case for our child in the future, so they can get what they need in the future, so I think it's a great idea ...
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.
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