Re: Its Bitcoin a good way to save money for our kids?

A friend of mine 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.
If you have any suggestions about this please share

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

Bitcoin is volatile, everything here is unpredictable, it's price changes and we do not know when will it rise so it is not a good idea that everything that you save for your son are all come from bitcoin. You can use bitcoin as an additional savings or profit but do not rely everything in BTC, there are also factors that can affect in earning BTC like scams, hacked, and others. So I think it is not a good way.

I agree no one has to only rely upon bitcoin investment specially when saving money for there kids which is a major choice for both parents and the kid but it won't be in vain if some one invest a simple amount in a valuable investing asset like bitcoin because even its prices are low these days there is a high possibility to recover in the near future so the risk that was taken will not be wasted in any way if invested in the correct time and the correct amount

Nobody knows what future Bitcoin will have. Therefore, investing a large amount in Bitcoin is very risky for your child. Depending on the amount you want to invest, my answer will be built. If the amount is 1 bitcoin, buy it and you will not regret it.If the same amount of investment 100 bitcoins, then I advise you to refrain from this undertaking. In fact, I do not care how many Bitcoins you want to invest, you just have to be more or less insured against losses.Nevertheless, investment in children's education is very serious.Before children it will be a ashamed if your investments because of volatility become insufficient for further education.