Topic: Saving Bitcoins for your Children. - page 97. (Read 24498 times)
From what I know, theres no way to bypass those security things. Because they are what keeps your bitcoins from other people. It is nice what you want to do, maybe I'll do the same in the future. I guess that best way to store your bitcoins would be on offline wallet, on hard drive which you can put into bank on safe keeping. And security codes you can do something as same, or you can give it to lawyer or some other person of trust.
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.
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.
It's being good the save bitcoin for your future family but what if the bitcoin is die in the future? What will happens to your bitcoin that you save for years? It's like you are risking a very important half of your life because it's so hard to get money or earn for your future. That's only my prediction but if you ask me i will risk to save bitcoin to my future kids. It is the chance that you will become average people that not having a financial problems.
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.
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.
I keep bitcoins for my children in the future and I always tell my investments or how to access bitcoins like passwords and anything important to people I trust
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.
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.
I keep bitcoins for my children in the future and I always tell my investments or how to access bitcoins like passwords and anything important to people I trust
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.
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.
I keep bitcoins for my children in the future and I always tell my investments or how to access bitcoins like passwords and anything important to people I trust
In my case, I don't have enough bitcoins yet to be given for my family, but if ever I earned just 1 bitcoin, I will hold and save it until its value goes high, I will take down all my passwords and private keys to a note, and I think I will hide it in a safe place or I can hide it on banks if ever, so that if somethings happen to me, there's a note that I will give my earned bitcoins to my family and my children.
making paper wallet for your children and saving some bitcoins for them would not guarantee that it will pay off for them, but if we give them this investment, no matter how small the amout of bitcoin it is, is another step for ensuring their generation (hopefully!) will adopt the cryptocurrency system.
You can write down the seed words to the wallet that holds the coins and send them to separate lawyers/deposit boxes or to some other supports you think are suitable.
Good idea, but how much does it cost? I mean having two or three lawyers keeping a documento for you.
I still have no kids to raise and even though someday I will have, my mind is not still set to that thing. My bitcoin or the bitcoin I am earning right now, my savings is for myself and for my love ones but take note that is just "FOR NOW". I am still enjoying my life without any big obligations like my own family. I want to first buy things for myself (things I do not buy before because we have no money), go to different beautiful places with my love ones, eat something delicious foods, bond with my couple of friends. I want to do it first because when I have kids for sure I have no time for that. When I have kids, probably the bitcoin I earned is for them, for their future, for their school allowance, for their clothes foods, for their everything.
since I've read this tread I've saved bitcoin for my future because bitcoin's value keeps growing day by day, and I never see how many bitcoins I have, I only sell a small bit of bitcoin I have. because I believe in the future the price will be more expensive
That's good idea to insure the future of your children..to have them a great future someday 
Saving bitcoins for children are very important today. It is very useful for the sake of children. Bitcoins are very helpful for all of us especially for the future of our kids or children. Bitcoins are the one that can help our children to sustain their financial especially for the most important thing in thier life which is the education. We all know that Education is the best weapon to success in life but we can fullfil this with the help of bitcoin. Bitcoin can be the one to make their children's dream come true.
No doubt a great idea from your side for ones children.Actually it will make any one tension free from the future of the children and whatever kind of money the children want in the future one can give it to them in the shape of BTC.
I've put a couple away for our first born recently, for me its a fairly safe investment with huge growth potential!
I agree to this idea because this will very helpful to our childen especially their financial support to the school needed.
I think you are getting it all wrong, OP is not telling us that saving bitcoin is good for your sons and daughters and for whoever it is. The question is, how will you keep your coins so that it will still be usable in the future and that it will be safe?
Anyway, If we are talking big amount, and you want it to be safe from intruders in your house, better go to any well reputed bank and ask for a safety deposit box. It might cost you a penny but atleast it is safer there compared to your house.
One these days needs a digital safety deposit box with smart contract in built based on blockchain, so its permanent, unalterable, and safely passed on given the criteria are met (smart contract).
Storing digital wealth in physical location!! In next 20 years we would be beyond that.
No doubt a great idea from your side for ones children.Actually it will make any one tension free from the future of the children and whatever kind of money the children want in the future one can give it to them in the shape of BTC.
I've put a couple away for our first born recently, for me its a fairly safe investment with huge growth potential!
I agree to this idea because this will very helpful to our childen especially their financial support to the school needed.
I think you are getting it all wrong, OP is not telling us that saving bitcoin is good for your sons and daughters and for whoever it is. The question is, how will you keep your coins so that it will still be usable in the future and that it will be safe?
Anyway, If we are talking big amount, and you want it to be safe from intruders in your house, better go to any well reputed bank and ask for a safety deposit box. It might cost you a penny but atleast it is safer there compared to your house.
Yes, bitcoin is increasing daily. If you keep Bitcoin amounts at 4-5 years, i think will be 3-4 times more than the current market. Which can be used in future for our children and can make their life beautiful. This is the certainty for a father or mother.
Buy a bitcoin > send it to paper wallet > laminate that paper > store it in ziplock sandwich bag > tell your wife about it (no don't tell your wife, she will take it and run away with someone else) > if you can afford a safety deposit box, store that sandwich bag in that safety box and will that box to your children.
Problem is not the wallet nor about storing it. The hard part is about recovering it without your help while keeping it secure.
Another option is wait for someone to come out with blockchain technology which stores this information privately/securly and have smart contract in them which allows the said information to be passed onto your children only at certain age.
Australian banks are looking into private blockchain to store the bonds.
May be the banks should invest in digital safety box based on blockchain (Store your bitcoins, itune purchases, email addresses, etc) which can be willed to your benefactors.
Problem is not the wallet nor about storing it. The hard part is about recovering it without your help while keeping it secure.
Another option is wait for someone to come out with blockchain technology which stores this information privately/securly and have smart contract in them which allows the said information to be passed onto your children only at certain age.
Australian banks are looking into private blockchain to store the bonds.
May be the banks should invest in digital safety box based on blockchain (Store your bitcoins, itune purchases, email addresses, etc) which can be willed to your benefactors.
If you already have family, saving bitcoin for your children is really good. Doing bitcoin is a good start to earn money for your children; for their personal needs, for fees in school, for their activities, health and more.
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.
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.
well it is a good idea but it is very risky you'll not sure if bitcoin will be operating at the moment when you have kids. it is better to convert your bitcoin to money once it get its value high then invest it in a bank in form of a fiat.
Be committed and be patient when you get your profit make some property of it and keep some safe in bank for the future, but converting bitcoin to money in today's age is necessary in m view point
I agree to this idea because this will very helpful to our childen especially their financial support to the school needed.
I've put a couple away for our first born recently, for me its a fairly safe investment with huge growth potential!
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