Topic: Saving for your Children Bitcoin vs Cash? - page 8. (Read 1733 times)
Theres two way on saving for your children. Your savings that someday will be inherited and your personal savings for them. If you can do both then go. You can invest on bitcoin and stocks for your children or vice versa. Its better if you will teach your children on how to invest and do it on their own on the early age.
Undoubtedly, the best inheritance we can leave our children is education, because with it they will be able to acquire by their own means the goods that perhaps at this time we are not able to offer them, or that in due time they will need. In the end, we do not know the needs they will have in the distant future or the challenges they will have to deal with, and there is greater potential in a good education than in a million dollars. For example, if today you educate them about cryptocurrencies, in a few years they will be able to accumulate more wealth than you can offer them with much effort and work.
Absolutely right and I totally agree. Education is the best choice to make a better life for our children. If we give inheritance like money, stocks, real estate or bitcoin for them, it is still not able to ensure their future but with education they Will find the way to improve their life even if they are in a difficult situation.This is just like when you give them a fish then it will just feed them for a day but when you teach them to do fishing then it will benefit them for long term. So in short when you just give them cash or other assets then it will be just for short term especially when they didn't use it wisely but when you provide them a good education then everything will follows. Give them something that they can use for to improve their lives.
If left to choose between the two, I'll say that I'll have to spread the investment between the two. Going all in on one bet would surely pay off huge dividends in the end, but if things go south, they won't even have crumbs to dust off their empty tables. But I guess the question reflects more on how you perceive risk and manage it. I'm not the all-in gambler type thus the approach.
Undoubtedly, the best inheritance we can leave our children is education, because with it they will be able to acquire by their own means the goods that perhaps at this time we are not able to offer them, or that in due time they will need. In the end, we do not know the needs they will have in the distant future or the challenges they will have to deal with, and there is greater potential in a good education than in a million dollars. For example, if today you educate them about cryptocurrencies, in a few years they will be able to accumulate more wealth than you can offer them with much effort and work.
Absolutely right and I totally agree. Education is the best choice to make a better life for our children. If we give inheritance like money, stocks, real estate or bitcoin for them, it is still not able to ensure their future but with education they Will find the way to improve their life even if they are in a difficult situation. Just like when we save money in the bank, right? Only here, we determine the minimum interest rate desired. This is because the lending rate occurring within the Lending Market is very volatile - by determining the minimum interest rate, this will prevent the robot application from investing when the rate is in a low - we - think position.
Higher chance of making profit here especially in the long run but still not guaranteed. Personally, I don have any savings yet for them since I'm still single but for my retirement fund, some money are here and mostly in stock market which is lest risk and there's an stocks certs proof that you are part of the company.
Just like when we save money in the bank, right? Only here, we determine the minimum interest rate desired. This is because the lending rate occurring within the Lending Market is very volatile - by determining the minimum interest rate, this will prevent the robot application from investing when the rate is in a low - we - think position.
Undoubtedly, the best inheritance we can leave our children is education, because with it they will be able to acquire by their own means the goods that perhaps at this time we are not able to offer them, or that in due time they will need. In the end, we do not know the needs they will have in the distant future or the challenges they will have to deal with, and there is greater potential in a good education than in a million dollars. For example, if today you educate them about cryptocurrencies, in a few years they will be able to accumulate more wealth than you can offer them with much effort and work.
I don't think that it is that essential to choose between bitcoin and fiat when saving up. Whether it is for the family or the children, specifically, what will matter is the fact that it is for saving up. We know that bitcoin has a huge room for price growth because of its volatility, so it is good to save bitcoin as long term investment.
On the other side, if you are worried about the risks of existence for cryptos, then you have the banks to consider. Using real cash or fiat in savings is making sure that whatever happens in the future in the market, the money you invested will grow and exist.
On the other side, if you are worried about the risks of existence for cryptos, then you have the banks to consider. Using real cash or fiat in savings is making sure that whatever happens in the future in the market, the money you invested will grow and exist.
Bitcoin is a good investment what if you die and your children don't know bitcoin for sure it will become worthless. But for sure if you teach your children to bitcoin and even you die today for sure your children can use your bitcoin. But if you save it to bank and your children become benefeciary and you die today they will get yout money and they can use but you need to tell them also.
well, bitcoin is so good to be made as a savings for children in the future. but, right now I am trying to collect as much cash for them in the future. not all children want to earn money from bitcoin, so when they grow up, I might encourage them to love what they like best with cash.and if we want to prepare our children's future, we need to collect and save more bitcoin to them or we can save more money so when they are ready to live in outside from us, they can use the money to start their life. I will teach them too to saving more money and not just teach them to save bitcoin for their life because no one knows what will happen in the future so we can only prepare from now and we can ready when the time is coming.
Bitcoin is a good investment what if you die and your children don't know bitcoin for sure it will become worthless. But for sure if you teach your children to bitcoin and even you die today for sure your children can use your bitcoin. But if you save it to bank and your children become benefeciary and you die today they will get yout money and they can use but you need to tell them also.
well, bitcoin is so good to be made as a savings for children in the future. but, right now I am trying to collect as much cash for them in the future. not all children want to earn money from bitcoin, so when they grow up, I might encourage them to love what they like best with cash.
Bitcoin is a good investment what if you die and your children don't know bitcoin for sure it will become worthless. But for sure if you teach your children to bitcoin and even you die today for sure your children can use your bitcoin. But if you save it to bank and your children become benefeciary and you die today they will get yout money and they can use but you need to tell them also.
Like every parents want to leave something for children for their future.
Which investment is safe?
Bitcoin?
Stocks?
Real Estate?
Which investment is safe?
Bitcoin?
Stocks?
Real Estate?
Personally, here are some of my thoughts about each aspect when it comes to saving for the future:
- Bitcoin - Many people consider bitcoin as the bread-and-butter of investing as its volatility makes it a perfect candidate for short/long-term investments. But due to some country prohibitions and world-wide law implementations, no one really knows what will happen to bitcoin. Not to mention, the lack of collateral and security makes this investment mechanism riskier compared to others but the returns are the largest compared to all.
- Stocks - Stocks are essentially for long-term perspective wherein people may gain large amounts of profits given the right circumstances. There are a lot of factors that you need to consider, like choosing the RIGHT company to buy shares with, being patient when you see the prices decrease, etc. but stocks are regulated by the Securities and Exchange Commission wherein you have collateral and security over your investments.
- Real Estate - The value of land increases overtime and this is the only the tangible investment compared to the others. The only hindrance about real estate mainly revolves around its depreciation value (if buildings, condominiums, houses).
Personally, you would want to diversify your investments by at least having a share of investment on each mechanism in order to fully maximise your profits. Focusing into one type of investment mechanism would only increase the risks of losing all in one-go.
Investing on bitcoin for your children is not bad but, I prefer working towards both the Bitcoin and the Cash. I see great future ahead of the cryptocurrency community and it will be a big mistake and regret if my generation miss that opportunity of not meeting anything on ground so I need to invest on Bitcoin now and plan on my future with what am gaining here.
I believe this has to be followed. If a parent has enough capability to give all which had been given as option, it is best to give all.
Why?
Because all parents look forward for what i best for their children.
Yes bitcoin is so good for future, and so does the cash or any other assets.
Like every parents want to leave something for children for their future.
Which investment is safe?
Bitcoin?
Stocks?
Real Estate?
Which investment is safe?
Bitcoin?
Stocks?
Real Estate?
Well, for me it's both, in favor of cryptocurrency and real estate, with an addition of none other than money. I think if the purpose is to leave something to your children, then it should be something that's standard in terms of value rather than something that could be either useless, in its worst scenario or useful at its best. Unfortunately, right now, Bitcoin fits that description because its value is so volatile, I think it can be a good thing to leave your children, if it will have a more standard valuation.
Investing on bitcoin for your children is not bad but, I prefer working towards both the Bitcoin and the Cash. I see great future ahead of the cryptocurrency community and it will be a big mistake and regret if my generation miss that opportunity of not meeting anything on ground so I need to invest on Bitcoin now and plan on my future with what am gaining here.
At First, it's better to inverse in bitcoin and then Real estate .Finally the stocks. Apart from stocks ,you will get more profit in bitcoin. If you had save some bitcoin for your children, they can buy a property from the profit. It's essential to buy a property for your children. If you brought a bitcoin, they can buy a house with that bitcoin.
Why not just invest in all and at least for the sake of not knowing anything the future holds, diversify for your kids. We may think one option is the best today, but we cannot say how that option is going to end up being tomorrow.I still see bitcoin as the future anyway and by then when my kids are all grown, they would have been swimming in a lot of investments which they will just be gradually building on. That is what I foresee anyway. Once you are able to save for your kids, it is more like getting the future secured for them.
The truth about the whole thing is that bitcoin and cryptocurrency at large has been able to give us the avenue to easily save up for the future and with the way things are going and the level at which bitcoin could turn out, we may just have to see a lot playing out for most of them to build on once they are ready for that future.
If I will choose to save money with cash to my daughter because I’m not sure that bitcoin will still survive until my child an adult later, while if with cash then no risk will losses could happen in bitcoin can suddenly plummeted
I will save both, 60% bitcoin and 40% cash at a local bank. In order not to happen things that are not in want then i prefer to save both. So when my child needs money i can withdraw from bitcoin or take it directly from my savings at the bank. I'm still hesitant to put my money fully in bitcoin, because the price is not stable so i choose to save in the two options.
Like every parents want to leave something for children for their future.
Which investment is safe?
Bitcoin?
Stocks?
Real Estate?
Which investment is safe?
Bitcoin?
Stocks?
Real Estate?
saving money in bitcoin is better than saving money in banknotes because with digital money like bitcoin security is guaranteed because the key used to open only you who know it is not just that by storing in the form of bitcoin then you can also benefit from bitcoin price increase so save as much bitcoin as you can.
I would choose bitcoin and other cryptocurrency because even though its price is volatile, there is a high chance that it would have much more value and interest than what the banks can offer. Besides that, even if banks can offer more security in the savings because of insurance, keeping the coins secure by storing it in hardware wallet and storing the keys somewhere safe is like an insurance as well.
Jump to: