Saving Bitcoins for your Children. - page 93.

kenjohannes26

newbie

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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

A wise thought, saving bitcoin for our children is a very important thing to me. Because bitcoin is a very valuable asset, more than gold, more than property.

DPrillio

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Activity: 693

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Quote from: Doms on November 23, 2017, 01:09:12 AM

Quote from: ?? on ??

do not think that im going to have a loved ones but I'm saving bitcoins for my pension :g

You might be living on your own right now but if you decide to have a family of your own, you would have to look for extra income that will help in the daily expenses and for saving for the future. This is where bitcoin could come in handy as merely holding is already a very good investment strategy.

Yes, that is exactly true. Having a family of our own is not easy in terms of financial expenses much more if we already have children that are already in school, the family needs is quietly increasing. That's what i am now, i'm always looking an alternative way of having additional income and i have found that bitcoin was fulfilling my financial needs for my family and to their future.

inturist

full member

Activity: 196

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Yeah, try to invest in bitcoin about 10% of your income every month and you or you children will be have well-off life if something the extra-ordinary does not happen.

hawkins

hero member

Activity: 1204

Merit: 500

Quote from: Doms on November 23, 2017, 01:09:12 AM

Quote from: ?? on ??

do not think that im going to have a loved ones but I'm saving bitcoins for my pension :g

You might be living on your own right now but if you decide to have a family of your own, you would have to look for extra income that will help in the daily expenses and for saving for the future. This is where bitcoin could come in handy as merely holding is already a very good investment strategy.

it is very good to store bitcoin for our children later. but, very difficult to do that, even more so if there is panic sales. there will be very many people who sell bitcoins, and we also want to sell bitcoins to avoid low prices.

lestariptr

full member

Activity: 287

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I put in a special wallet and where I put bitcoin for my child in the future, yes that's a good way for me to make sure the future of children is more assured

LastBlockMined

newbie

Activity: 28

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I've prefer to earn bucks instead of BTC for my childs, but time will tell.

BigBitNoob

newbie

Activity: 31

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Just downloaded a mobile wallet for the kids and put in $50 each. I hope this introduction to crypto will help them to understand money, value and wealth and the difference between them.

Doms

hero member

Activity: 714

Merit: 500

Quote from: ?? on ??

do not think that im going to have a loved ones but I'm saving bitcoins for my pension :g

You might be living on your own right now but if you decide to have a family of your own, you would have to look for extra income that will help in the daily expenses and for saving for the future. This is where bitcoin could come in handy as merely holding is already a very good investment strategy.

ubay

full member

Activity: 728

Merit: 101

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

I think that's a very good idea, the value of 1 bitcoin this year and next year is different and I'm sure it will increase in value. Maybe I'll try your idea.

twicezeroiszero

hero member

Activity: 840

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Borderless for People, Frictionless for Banks

Quote from: FIFA worldcup on November 22, 2017, 10:43:53 AM

What would you do if you write your private key on your paper and lost them.What would you do if you forgot your password also what really happened if you're the only one who are aware about the key and meet an accident and died ? Your children will then get none of your bitcoins in such situation.

That is your problem, you can not blame anything when you can not guarantee a small thing like paper to saving your money for your children.
Why do we have paper for testament? Why does the bank still use paper every time it is traded? Why are all the important deals signed in paper? ...

FIFA worldcup

full member

Activity: 1134

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What would you do if you write your private key on your paper and lost them.What would you do if you forgot your password also what really happened if you're the only one who are aware about the key and meet an accident and died ? Your children will then get none of your bitcoins in such situation.

21mbtc

newbie

Activity: 1

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yes it is so necessary.

FIFA worldcup

full member

Activity: 1134

Merit: 105

Saving bitcoin for your children since its your future planning which mean long term investing and holding your bitcoins till your kids become adults.
Actually its easy to say saving bitcoin for future but its hard to saving .

chip1994

sr. member

Activity: 868

Merit: 251

HEX: Longer pays better

Quote from: perfect999 on November 21, 2017, 08:14:24 AM

Quote from: sevendust777 on November 13, 2017, 10:49:22 AM

Quote from: Triwnis on November 13, 2017, 09:56:06 AM

Pretty smart to leave bitcoins for your children because that will make them rich and they don't have to worry about taxes or anything. But maybe it will be for nothing because bitcoin may always go down and maybe another coin will become important.

Bitcoin has a big future ahead and other cryptocurrencies i think has a long way to go if they want to overcome bitcoin. Yes, it is possible but i don't think it won't happen in the near future. Much better if we earn our bitcoin and save it for the future of our family.

There are chances for such to happen but don’t worry that is not coming in this century at least. Bitcoin will be the coin of 21th century and it will remain till a long time ahead. Our children will definitely need this bitcoin as their inheritance because in future everywhere there would be bitcoin coming and going so they will enjoy the life in comfort and happiness ahead.

We can saving Bitcoin for our children, but don't let them depend on that amount. Bitcoin is still a future currency, there's no one guarantees this currency will become the primary currency in future. Therefore, you should saving other assets for your children too. Example gold and real estate, these things are my favorite assets for my child.

onifla

newbie

Activity: 19

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Quote from: JoseClimaco on October 17, 2017, 08:35:57 AM

I made a paper wallet for my son and I deposit a smaller amount of Bitcoins there every month. I kept it in a secret place that only me and another person knows.

Thats good idea for saving money for your son whatever happen, your kid will secured. And you dont worry about his future, and the another person that you know about your secret dont worry it a big help for you and your son too. Saving bitcoin every month even it small it will grow and make high profitable income.

s31joemhar

sr. member

Activity: 602

Merit: 258

Saving bitcoins for your children is a good idea. Since it marks up fast. When you start to save bitcoins now, (e.g. you have a 2yr old son/daughter, you'll get to have high profit after 18 years and your son/daughter is of legal age to have it withdrawn). It is a good investment.

perfect999

sr. member

Activity: 1694

Merit: 299

Quote from: sevendust777 on November 13, 2017, 10:49:22 AM

Quote from: Triwnis on November 13, 2017, 09:56:06 AM

Pretty smart to leave bitcoins for your children because that will make them rich and they don't have to worry about taxes or anything. But maybe it will be for nothing because bitcoin may always go down and maybe another coin will become important.

Bitcoin has a big future ahead and other cryptocurrencies i think has a long way to go if they want to overcome bitcoin. Yes, it is possible but i don't think it won't happen in the near future. Much better if we earn our bitcoin and save it for the future of our family.

There are chances for such to happen but don’t worry that is not coming in this century at least. Bitcoin will be the coin of 21th century and it will remain till a long time ahead. Our children will definitely need this bitcoin as their inheritance because in future everywhere there would be bitcoin coming and going so they will enjoy the life in comfort and happiness ahead.

litmus

member

Activity: 106

Merit: 10

Just be absolutely certain to have the hardware wallets and paper backup copies stored safely (maybe in a bank safety deposit box) to keep the physical access to the funds safe from harm or misplacement for the years and years to come. Your pin numbers, passphrases, will have to be conveyed somehow, and again the best bet maybe a hard copy recording, stored in a bank box (in a separate lockbox if your really paranoid). Be sure to have a backup of your 2FA enrollment keys as well.

Waleed rose

newbie

Activity: 43

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Yes saving bitcoins for our children is a very good idea if we save bitcoins for our children's so if our children need anything so we can buy that thing with bitcoins so saving bitcoins is a great sence for future.

donaIdS

newbie

Activity: 4

Merit: 0

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

We can expect that it will really give us a huge profit after 20 or 20+ years, because bitcoin is still in a very early stage and it has to cover a long destination, still very limited number of people know about bitcoin, but now their number is rapidly increasing because of the increasing interest of the people.

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