Bitcoin savings

[Josemendez]

If you want to save bitcoin for your child then you should be able to save it in a personal wallet for him ,and you should save according to your financial strength

 

[Ub40]

You are correct, coins are really gaining back their value esp bitcoin. Saving your money in the form of crypto, for whichever purposes, is not a bad idea to me. But you must always remember that coins are volatile and anything can happen. It is possible that a particular coin does not worth the value you expected when you need it. So we should always make sure to stake or save what we can afford to lose. And the amount to save depends on individial preferences. It is just my opinion.

 

[Puji giantoro]

Bitcoin and most Crypto currencies are gaining popularity on daily basis and growing fast. Parents open savings account for their children for their benefits when they are grown. In the current Crypto currency trend if you are a parent will open a wallet and save some bitcoin for your child and like how much?

I haven't thought of that yet,, I still use crypto assets for short-term trading. But there's nothing wrong with that, I'll co later this is a great idea

 

[Setfragil]

Saving bitcoin for your children is not a difficult thing to achieve. All you need to do is to open a separate wallet for them and buy the amounts of bitcoin that you want in it and hold till the time you think they are mature to handle it.

 

[Snazzy001]

Cryptocurrency has done in lord and I have gained recognition worldwide it is been accepted and embraced as method of payment in her and for that reason it is what being saved

 

[Justin]

I wish I could save money in the form of bitcoin. Even though currently bitcoin is less than $30,000, the price is still higher than what it was just a year ago.

 

[Senator]

In the current cryptocurrency trend especially the Bitcoin, i will most certainly open Bitcoin wallets and save a few of it for each of my children. The Bitcoin is a cryptocurrency that is always going to appreciate for awhile to come

 

[Stylex]

Bitcoin savings
Bitcoin savings is a good thing but as for me I think I rather invest it than to save it because if I save it it is not going to bring anything

 

[Hena101]

This is a very good idea that if parents will put it into practice it will help them to save their children of the financial hardship that will come in the near future. You can open wallet and invest asuch as you can for your children.

 

[Bousine123]

Bitcoin and most Crypto currencies are gaining popularity on daily basis and growing fast. Parents open savings account for their children for their benefits when they are grown. In the current Crypto currency trend if you are a parent will open a wallet and save some bitcoin for your child and like how much?

It depends on how much you can afford as a parent, for me I wouldn't advice you to put much into it. A cryptocurrency can give you a lot more returns In the future.

 

[Tolumi]

Crypto savings will be good for a child especially if you are looking for long-term like 15 years and above. This may turn out to be one of the best legacies you can give a child. Just imagine saving $100 worth of bitcoin for a child 10 years ago.

 

[Mayox25]

Since the wide spread acceptance of bitcoin and it capability to increase in value tremendously even more than fiat money it becoming attractive.
A word of caution for parents who will want to save bitcoin for their children is that they should be careful not to put to much into it because of its volatility.

 

[Josemendez]

Since the wide spread acceptance of bitcoin and it capability to increase in value tremendously even more than fiat money it becoming attractive.
A word of caution for parents who will want to save bitcoin for their children is that they should be careful not to put to much into it because of its volatility.

The Volatility is what makes it Profitable and long term holdl for the children will even make it much more profitable for the children because bitcoin has good features and potential.

 

[ahmedo24]

The Volatility is what makes it Profitable and long term holdl for the children will even make it much more profitable for the children because bitcoin has good features and potential.

That's correct, infact people that has held bitcoin for minimum of 3 years at the right has not in any way regret from their Investment let alone holding for a long time.

 

[Abigael]

I think it is a great idea to save money in bitcoin only if you have done proper analysis of what its future holds. But that is still too risky and so it is best not to risk your child's money in this.

 

[Aaron625]

I will prefer putting bitcoin in Binance and use savings or staking feature to earn passive income of my investment instead of just holding it in my personal wallet.

 

[Josemendez]

That's correct, infact people that has held bitcoin for minimum of 3 years at the right has not in any way regret from their Investment let alone holding for a long time.

I will prefer putting bitcoin in Binance and use savings or staking feature to earn passive income of my investment instead of just holding it in my personal wallet.

The next important thing then is to work towards saving the private keys for them very well , educating them on the importance of it and teaching then the things they need to know about cryptocurrency.

 

[Rachelgold]

Bitcoin and most Crypto currencies are gaining popularity on daily basis and growing fast. Parents open savings account for their children for their benefits when they are grown. In the current Crypto currency trend if you are a parent will open a wallet and save some bitcoin for your child and like how much?

I would also open wallets for saving for my children it seems more safer and beneficial not like our regular banks that will be deducting your money on monthly basis for which maintenance I don't know of, moreover the interest rates in crypto pays higher than our normal banks savings

 

[jeff87]

Bitcoin and most Crypto currencies are gaining popularity on daily basis and growing fast. Parents open savings account for their children for their benefits when they are grown. In the current Crypto currency trend if you are a parent will open a wallet and save some bitcoin for your child and like how much?

That is very true. Bitcoin and other cryptocurrency are gaining so much popularity on a daily basis. It's indeed growing so fast. Just like Bitcoin for example in 2009 when it came out it was less than $1 but 2021 came it's price is already at $38,000 present price. That is thousand of percentage increase in value.

 

[Alexandoy]

Are you serious to open a savings account for the benefit of your child? And the account is in crypto coin? I wonder how many parents are doing the crypto coin savings for their kids. With legal currency the value may fall after 10 years but with crypto coin you don't even know if the crypto coin will still exist in the market after 10 years.