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Graduation Gift? Good Idea or Bad Idea?
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Hey everyone! I want to buy some crypto for my niece and nephew as a graduation gift. One is four and the other is six, but I figure if I put some money down now and let it accumulate over a decade or so, it'll be a nice chunk of change that those two can have access to. I'm not too versed in crypto (I'm still learning!), but I've done some research and will most likely purchase BTC and ETH due to the stability when compared to other options.

However, I wouldn't mind taking a few suggestions for some coins/tokens that may be more stable over time. I fully understand that everything can plummet in a day and this could backfire, but I feel like this is a unique opportunity for me to take hold of.

Also, would it be better to purchase cold wallets for both of them and to move the crypto there? Would I be susceptible to some kind of huge tax event when they get old enough and start moving those funds?

I apologize if this is breaking any rules in the sub, I don't think it does? I'm still pretty new to this game and there's a seemingly endless amount of information to take in with so many projects going on. It's definitely an exciting time right now to have a little money to invest with.

Thank you in advance!

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3 years ago