That is a good plan. As we know that fiat has greater inflation than bitcoin itself, of course, when you invest in bitcoin, you will maintain a store of value from the assets you own. by the way, the halving of the bitcoin network will be happened by early next year (Q1 probably), so it would be a good opportunity for you if you invest in bitcoin asap.

Your opinion is not bad and is a good idea for considering the future of your children, but while at this, you need to exercise caution from the type of wallet used, which i expect you to use a decentralized wallet under wgich you could get a cold storage that will give you control over your keys, then tou also need to know how tou could secure these keys to avoid them from third parties, invest now and the future is secured for your children finances with your bitcoin investment because it will always appreciate over a long period of time.

If you are asking whether investing in Bitcoin for the long term is good or not, I'd say that as long as you can take the risk it is worth it. While I believe Bitcoin will increase its value in the future, some people don't have the necessary capital or management to make sure they can avoid being destroyed by the bear market due to overinvesting or something similar. If that is what you're worried about, you can read more about dollar cost averaging or value cost averaging and make sure you follow your plan carefully. It is difficult to give you detailed suggestions since we don't know if you also invest in other things or just Bitcoin to prepare for your children's future IMO. The general rule is to make sure you can invest the amount you can afford to lose.

For security or inheritance setup, there are many good threads about it here. I suggest you search and read about them. You can find discussion on time-locked transactions, multi-sig setup for inheritance purposes, or even find some service that provides custody for inheritance purposes. Although the latter is probably not the best option if you want complete control and don't want to rely on a third party who might or may not hold your money and use it without your consent.

Are you familiar with hardware wallets, air-gapped devices, etc? Depending on how familiar or how eager you want to learn about them, your setup options can be flexible. CMIIW.

Not pretty sure what your question is so I suggest you read [1] https://cryptosec.info/ given you have decided to invest your money in bitcoin for the long haul. Remember that maintaining your financial security and handling it responsibly should and always be your utmost priority.

While I know that these are the common scenarios from before and could perhaps happen in the future, but still, be wary that there is still a chance that bitcoin would not go up in price. I mean we can't certainly know if bitcoin will reach a hundred thousand valuation in the next decade, or in the next 20 years.

I am not saying that it isn't safe but you have other options to diversify your money other than bitcoin. More importantly, invest what you cannot afford to lose.  

You are aware of the risks of investing in bitcoin, and you are willing to accept it, there is no reason to stop this plan, it will be a great plan. If we compare bitcoin savings with fiat savings, it is clear that bitcoin is more profitable.

But I still want to remind you investing in bitcoin is very risky, and this is the money that you will save for your child, which means your child's future depends on the growth of bitcoin. Make sure that later, if this investment fails, you still have another good plan for your child.

First, concentrate on your child and his/her expenses. Bitcoin investment is not a big deal at the moment as it can happen after some years. Invest whenever you have less liability in your life in Bitcoin. Please understand you only need to invest what you can afford. At moment you cannot! Please focus on your child first and later think about Bitcoin.


Buy Bitcoin if you can afford to lose your money in the sense that the price is very volatile. If you are in an emergency situation then the buying price as in when you bought would not be the selling price you expected. This is a global market and you have to be patient if you intend to buy Bitcoin. Some of us have been holding our patience for a few years now.

There is nothing wrong with this plan but how sure are you that you will be alive that long to see your kids get married or something? I dont wish you bad but if you want the best for your kids you should teach them about crypto while you are still alive, what is the use of buying Bitcoin and when you are not here anymore they can't even sell.

I think a better plan is to teach your woman first, just in case, you may not be around while your kids are still very small, teach a trusted adult like your wife, and when you live to see your kids grow you can teach them later.

Whatever plans you have always think about when death comes knocking, no one lives forever and no one know when their time will be up.

thanks for providing the link for me to read, and i have read it, and the wallet i think is safe is a hardware wallet.

and i invest in bitcoin using idle money, so even if i have loss in my investment in btc, i am ready to bear the risk.

If the risk you're referring to here is about Bitcoin dumping, you should rest your mind. Yes of course Bitcoin will dump from time to time but that isn't something anyone who's into long term investment should be worried of. The risk for me for your kind of investment will be in the likelihood of you losing access to the wallet you will save the Bitcoin for your child through your own carelessness that will lead to either loss of password/PKey or wallet hack by a foreign body. Other than that, go ahead and invest in the future of your child. Bitcoin is a veritable investment.

I don't think people who brought bitcoin during 2009 and hold it till 2021. There were a biggest pump during 2017-2018, So I don't think they could control theirself and hold the bicoin without selling except they forget that they had some fund in other wallet. Or the it’s too much rare who keep holding till 2021.

Btw it’s a good idea you want to invest in bitcoin. But make sure that you have already enough for your living cost for atleast a few years. And only invest the amount you afford to lose. Anytime anything bad can happen in crypto so keep prepared Your self to control yourself that time.