Quote from: rachael9385 on Today at 02:05:33 PM

Quote from: JayJuanGee on December 21, 2024, 01:39:39 AM

That is too bad. You are responsible for your choices and how you understand things that are said. I thought that I tend to be pretty clear in what I am saying, yet surely sometimes it might not be understood, which I can ONLY spend so much time dumbing down what I say when it is not clear to some folks that they should get started investing into bitcoin as soon as possible for their own good.. I don't personally give any shits if they want to do things against their own interests, but most times if someone has at least a 4-year timeline it would be better to get started investing into bitcoin rather than not. 5-25% of their income, 5%-25% of their quasi-liquid investment portfolio or some other reasonable amount that works of for them... and if they failed to get started yesterday, then today would be the next best time to get started.

IMO, one of the reasons why some folks that didn't have the opportunity (or probably have but didn't take advantage of it) back in the early stage when Bitcoin was below $10k are accumulating Bitcoin aggressively right now, is because they have learned the lessons of not investing in Bitcoin when they have the opportunity.

However, I support the idea of investing in Bitcoin early so that before the end of the next ten (10) or more years to come, one might have accumulated enough Bitcoin for himself. Also, the fact that there are no age limitations on Bitcoin investment, parents can also save a good amount of Bitcoin for their children. Let's imagine saving $100 weekly for a baby on Bitcoin. By the next 18 years, the child must have grown up and also have a reasonable amount of Bitcoin in his/her wallet. And when the parents must have educated their child about Bitcoin and possibly give the child access to his/her Bitcoin portfolio.

Some developing countries are beginning to invest in Bitcoin now because they believe that Bitcoin is a good store of value, and they already know that their new generations will benefit from it.
Actually, everyone needs to make their own choices. That's why the one good reason I like the forum is that no one needs to force anybody to invest in Bitcoin, but only give advice and allow the person to decide on what to do about it.

I have some difficulties conceiving saving large amounts of value (whether bitcoin or otherwise) for kids who may or may not deserve some kind of a windfall at the age of 18.., especially if parents have a lot of difficulties getting to a status of abundance, self-sufficiency and/or fuck you status for themselves, so why should they be spoiling their kid in such a large way that the kid does not have to build some kind of earning skills for themselves, but sure parents can do what they like in terms of whether the money would have any strings attached or maybe such saved money would be dedicated for a college fund or some other kinds of specific learning and/or skill building designations, which makes more sense, since it is a way for the kid to be able to build for themselves, such as going to college.

If the parents are saving $100 per week for their kid, then how much would they be saving for themselves? The amounts that the parents save for themselves should be more than the amount saved for the kid, no? There is the saying to put the mask on for yourself before putting the mask on for others, which puts you in a better place to help others if you are in a good position for yourself.

My own personal idea would be the the amount saved for the kid would be quite a bit smaller amount than the amount for the parent, and perhaps even at most 20% for the kid's funds and 80% or more for the parent's funds... if the kid's funds has 18 years to grow and to compound upon itself, then it has a long time to build up and it does not need to be a lot of value in order to have compounding effects so maybe it could even be 5% to 10% the size of the parent's funds.

The other idea with something like a long term kid funds is that the value would be locked away (and not tapped into) for 18 years or so, so that can be a pretty BIG commitment from the parents to lock aside potentially a lot of funds that may gain in value a lot over the years if the parents end up having more discipline with the child funds as compared with their own funds (in terms of not tapping into the child's funds, but then they might be tapping into their own funds and causing their own funds to under perform the child funds).

Surely balancing how to build your own funds and your child funds simultaneously could be a bit of a challenge for parents.