Quote from: Zubayer on Today at 11:14:25 AM

Quote from: Merit.s on November 07, 2022, 07:49:19 PM

I guess this is a strategy for someone who wants to invest on Bitcoin for a long term but is scared of waiting for too long.
So many persons will want to invest on Bitcoin for a long term but they end up find it difficult to have the patience on their investment and wants an instant shoot up of Bitcoin price,in other for them to sell and make profit,they end up been disappointed when it doesn't go as they wanted it since they don't understand the cyclic movement of Bitcoin. They end up procrastinating they will invest and some that have already invested will get fustrated when Bitcoin is in it bear market by selling their bitcoin.
My suggestion to these set of people is that we should invest on Bitcoin for our children from infantry to teenage. In my country people starts planing for the future of their children from the moment the child is put to bed. Family and well wishers gives money to the child when they come to visit the new born baby to express their happiness for what God has done. Some parents the moment they give birth to a child they open a bank account for the child so that every month from their income they put some fraction of money to the child's account. Some money been given to the child during his birthday celebrations and other ceremonies or visit they always put it into the child's account in other to secure the child's future.
When this child becomes a teen in high school this money must have accumulated to a reasonable amount which is used to support the child to either further his education,start up a trade or learn a skill. Fiat currency is fast depreciating because of inflation, why don't you buy Bitcoin Holdings for your child from infant and do all his savings in Bitcoin so that by the time the child becomes a teenager, Bitcoin price might have hit $500k and above. This way you can have a long term holdings in Bitcoin.
What is your opinion on my suggestion, is it a guarantee for the child's future and will enable you to benefit from Bitcoin ?
Grin

My opinion on your suggestion is that investing in Bitcoin for your child's future could be a good idea, but it's not a guarantee for their future. Bitcoin is a volatile asset and its price can fluctuate dramatically. It's important to understand that the future value of Bitcoin is uncertain and no one can predict its exact value in the future. However, investing in Bitcoin for a long term could be a good strategy if you are willing to bear the risk of price fluctuations. It's important to educate yourself on the risks involved in investing in cryptocurrencies and to always have a diversified investment portfolio. Additionally, it's always a good idea to consult a financial advisor before making any investment decisions.

I agree with you. Bitcoin is really suitable for long-term investment but if we bet our children's future on bitcoin, we should consult with financial advisors before deciding. To be fair, bitcoin is too risky and no one can be sure that it will survive or will rise in price in the future. So using them to save for our children's future is a mistake.