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The crypto space is booming and although I am not a financial advisor I believe I have enough understanding on crypto and I believe by reading this article you would see reasons with me on why you should buy cryptocurrency for our children. The first cryptocurrency Bitcoin was created in 2009 and as at 2nd Of November 2021 Bitcoin is pegged at 62k and the possibilities the crypto world has to offer keeps increasing. More people are becoming financially stable from the comfort of their homes without a degree or a license. More projects with great potential are being created and as a good trader /enthusiasts understands that keying early is important.
For example, should I create a wallet for my kids when they are born and buy into projects with good potentials early. By the time they are 10 or ready for college the possibility of that coin or token growing to 1000X is high. This means they would be rich kids before they clock 16/18 with enough to set them up for a long period or even for life. By investing as little as $1000 when they are born into different crypto portfolios they wouldn't have to bother studying some course they don't enjoy in a bid to be financially stable. I am sure some are wondering if that happens anymore but yes it still does especially in 2nd and 3rd world countries.
With that huge pile of money sitting pretty in a crypto wallet setting up a business or following their dreams is very possible. Rather than having to work 4jobs a day just like we have to now, they would have enough to keep their business on its feet for a very long time. Making it easier to become financially stable from a very young age.
Compared to piggy banks, this is an even profitable way of exposing children to the financial world early.I know some might be doubting if children would be able to grasp they much complexity but I believe the earlier the better. That way they would have learned how to make proper research before deciding what coin or token to invest in and not to invest in funny looking schemes just because they are based of a popular movie, Red light! Just like sex education, many parents think they are protecting their children by avoiding the topic when infact they are leaving them unequipped in the world. Although many might argue that the crypto world is too volatile to expose children to but the sooner they know life ain't all Disney world the better.
Other investments also have their cons but the point is understanding the market and how to make the best of it. The crypto space is expanding, there are NFTs, games and many other projects to key into without necessarily having to trade. Many countries are moving to create their own digital currencies while some have even accepted Bitcoin as a legal tender. So if there's a time to help your children join the moving train, it's now.
Hello @valchiz!
It is very interesting what you present in your post. The truth is that I had not thought about it and I think it is a good way to start our children in relation to investment, because at least in my case I had not considered it before in my life and with the economic situation we are going through in the country we have seen the importance of doing it and especially early. I know of many young people who through their work on the platform are helping their parents to cover expenses and there I see that if it is a good idea because this cryptographic world is expanding every day. Greetings!
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Greetings friend @valchiz, is an interesting proposal, and the truth had not thought about it, with the current boom of cryptocurrencies and the birth of many good projects is not a bad idea to invest some resources in some tokens and save them for our children, if we buy them when they are worth pennies and in 10 or 15 years are worth a few dollars and there will be an incredible gain.
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Greetings @ valchiz
Particularly I think it is a good initiative, To be able to open a wallet and acquire a token for the future of our children, I am sure that we can capitalize something there. The most important thing is to be able to look for a good cryptocurrency. It is certainly a great idea.
Thank you very much for sharing your publication
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hi @valchiz For 10 years, cryptocurrencies have been on an incredible journey. It is very difficult to know what the future holds for the next 10 years. It is almost certain that they will prevail in the sectors where they are useful and bring real added value.You are very right in what you say about making a portfolio for our children, really interesting your observation, thanks for sharing, greetings.
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Hello my dear friend, I had not thought about that, I think that what you propose is the best way to create for the children not only a fund for them to have how to support themselves in the future but even the beginning of their own investments and why not the way in which they can afford their studies. Currently as you mention many of us have up to four jobs to survive because being honest none of us were told about investments, investment projects or any other form of savings other than having money in the bank that ultimately is diluted in some financial crisis or devaluation as the case may be, cryptocurrencies also have their risks but studying the market a little you can discover that they are a thousand times better option than fixed-term savings in banks, I think even that is one of the dilemmas that have many countries that keep their economy away from the blockchain. Thanks for the idea.
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