I don't think investing in crypto for children is not a right thing to do. Crypto fluctuate and is a something that cannot be trusted. Instead of investing coin use the money to invested in real estate, landed properties and others.
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It's great it makes them to have a solid start in life investing makes your money worth more because your money worth decreasing every year because of inflation but you need to be careful and know what you are doing investing without experience can make you lose moneyMost parents, invested money, that being your local currency, into some saving account for you to access when you reach adulthood. But, now that money is slowing shifting to crypto as the currency becomes more accepted and used, will any parents here consider saving a small amount of crypto and holding it (without selling it) for the kid when he or she reaches 18?
This is a shrewd observation, and this is why I indicated that investing in cryptocurrency long-term depends on your prediction for the coin in the grand scheme of things.
Investing in cryptocurrency on behalf of your children is actually quite a smart idea because the children are also somewhat investments so giving them the financial backing by predicting the potential of a coin could be highly beneficialMost parents, invested money, that being your local currency, into some saving account for you to access when you reach adulthood. But, now that money is slowing shifting to crypto as the currency becomes more accepted and used, will any parents here consider saving a small amount of crypto and holding it (without selling it) for the kid when he or she reaches 18?
I have not really thought about this but I believe it is a very good idea but he issue with this is the volatility of crypto currency, except I would invest on stable coins for them which would still be great.
It seems even cold wallets are not secured enough. Sometimes, all it takes is clicking a link and then using the same system to access your coins later, and then the hackers gain access to it.I think this would be the best asset that you can leave to your offspring. However, if you decide to continue with this you need to store your assets in a hard wallet as you cannot trust exchanges and wallets, mostly centralized wallets and exchanges
Absolutely better than insurance If you can buy and save some cryptocurrency for your children when they reach the age of 18 so the value doubles.I have heard of parents doing this but I feel like a better investment would be land.
The reason why is because it allows them to have a solid start. Buy a forclose home and get it knocked down. This will bring the property tax down a lot and just sit on the land. Pay the taxes and hold it. When the child is old enough, you can turn it over to them to get a pre-fab house for their first home.
Bitcoin would be the best and Ethereum as a second choice. As strong as BNB is, it's something that world powers would continue to threaten because it makes them considerably weaker to have that type of power elsewhere.This is a good move and I respect parents who would think of this let alone implementing them. There's nothing much more valuable than holding a potential coin like Bitcoin or binance coin for your children.
You are very right about this. It will even be better that they invest it in cryptocurrency because it is very sure that the coin will increase by then and it will not be static like fiat currency.Most parents, invested money, that being your local currency, into some saving account for you to access when you reach adulthood. But, now that money is slowing shifting to crypto as the currency becomes more accepted and used, will any parents here consider saving a small amount of crypto and holding it (without selling it) for the kid when he or she reaches 18?
I haven't seen any threats so far and for some time now everything is just smooth with the coin. There's always those that would want to pull any coin down as it's a competition for them but I know it'd have lot of potential.Bitcoin would be the best and Ethereum as a second choice. As strong as BNB is, it's something that world powers would continue to threaten because it makes them considerably weaker to have that type of power elsewhere.