Save BTC For Our Kids is a Good Idea?

[davinmark]

Heyya Stakers  

Well, About a month ago i've talked with my friend. and my friend said he  started to save money in BTC for his son . Now he is in worry about the idea because of this last dropping months.

I told him to re-load some BTC up to lower the average.

Do you think BTC a good way to save money for our kids? 
Will this pay them a car? the university? a house? or nothing at all? 

Whats your thought about that.

[williamshennie9]

Well, it could be a good idea, but you need to diversify. Buy stocks, a variety of crypto, and other investments for your kids. Only saving crypto for your kids could be dangerous, especially seeing what is happening now in the markets.

[kimvanggg78]

I'm afraid such questions are not easy to answer. Maybe, the savings wouldn't make a difference if cryptos crashed. But if Bitcoin skyrocketed, saving it beforehand would be like a blessing. Nobody is able to predict the future due to the high volatility of the crypto market or some other factors. Still, I think it's better to save cryptos or diversify your savings as williamshennie9 has said.

[Flan]

You should suggest your friend to use Gold than cryptocurrency. Because gold price are really stable, and not like crypto that easily unstable by any problem that occurred to a digital money. 

[Paecga129]

I think this is a good idea regardless of the price of btc because it is quite rare now days for someone to save for their children at all.   It seems like a good idea in my opinion.  

23 minutes ago, flansca said:

You should suggest your friend to use Gold than cryptocurrency. Because gold price are really stable, and not like crypto that easily unstable by any problem that occurred to a digital money. 

This is a good suggestion.  I never really thought of it that way.  

[asayoyaasa]

Cryptocurrency is a nice investment, but I don't think it will be a good idea to rely on that as a legacy to your son, I mean if you just have son last year and you gonna gave him your bitcoin when he turns 18, that's a really long time to wait. it's not like I don't believe in the future of crypto, just maybe at that time there another coin already replace bitcoin. so if you want to give your child something it better be gold or any other option that more "stable".

[TKO]

It might end up being a great investment, but it also might be a hard loss. 

My advice is to study the market for a few months before investing. See the various treaties that countries are implementing. See if BTC is the best currency to invest in or may it be some other currency.

And don't only invest here. Invest in things that will surely pay out too. Because if you invest all/most here, and it goes down in a dive even against your best judgement, you'll regret it. At least the other investments will lighten the weight on your shoulders!

Personally, I wouldn't invest in bitcoin just yet. I would study the whole market for a couple of months first! And I'm not only talking about the crypto market, I'm saying stick market and the market in your country too! Everything matters for an investment to be a good one

I wish you luck brother!  

[jualid]

I don't know but it seems a good idea. Well if you believe the bitcoin price will become more expensive in the future, then go save btc for your kids.

[Kate]

Well if it is growing like crazy now then yeah ill save some for my kids but if it's not then I'll still save some but not as much as I would save if it was rising

[Sefan]

I would never save money in bitcoin or any crypto, cause the risk that they will lose value is to big, just make a bank account and save the money there for your kids

[kottigr]

Я думаю что ВТС скоро рухнет. Появится новая криптовалюта, потому надо очень щательно следить за криптой и ее изменениями.

[DviouS]

It is entirely a grand idea, to save some bitcoin - In general.  For all we know, 1 BTC could be worth 2 million dollars in 20 years... there is just no way of knowing.. so it is always a good idea, to stack ANY crypto up and hold them in your wallet for as long as you can. If you don't need the money , life or death , forget you even have the damn thing!   

[JoshuaThePsycho]

Bitcoin has got lots of fluctuations if he wants to keep the value with low risk gold is a better option. If he wants to invest on crypto he can buy cheap cryptocurrencies with a small amount of money. Currencies like XRP.

[Etude]

Well on first impression this sure does sound like a good idea but something like Bitcoin where its value is so volatile and unpredictable would not be as reliable as the proven methods of savings in the traditional way e.g. savings account in bank or fixed deposits.

[Guest pakiman]

Not good IDEA if  check what his coas now and tendens .... ours childrens no need it ))