This is part 1 of setting up crypto wallets for my kids – where I teach them about different crypto projects, proper research methods, and investing for long term HODL.
So my 10 year old has been curious about Cryptocurrency, and has been asking a ton of questions – including whether (and what) he should invest.
This made me think; if I were to give my son advice on what to invest in (for a HODL wallet), what projects would they be, and how would they be split?
Yesterday, I posted a video on TikTok asking the cryptotok community for their opinion(s) on what projects they think will still be around (and do fairly decently) in 1-4-8 years:
And now, 3 days later, my son and I are sitting down to go over the responses so that I can show him the proper way to research each project.
The reason I wanted to ask the community isn’t because I don’t have projects in mind, it’s because I wanted my 10 year old to have a huge list of projects that I can go over with – showing him how to research and decide
For this series of articles, I will be setting up a new category on this website, titled Crypto Wallets For My Kids.
Things To Consider With a HODL Wallet
Since it’d be at least a 4-year hold, I wouldn’t be looking specifically at projects that look promising now, I’d also have to consider if those projects will be around 5 years from now…
So this will end up having to be a pretty “safe” wallet (in my opinion), with the potential for decent returns.
Potential List Of Crypto Projects
The projects that I was considering going into this, are as follows:
- Crypto.com Token
- Hedera Hashgraph
- KuCoin Token
And here’s a list recommended by the community:
- Crypto.com Token
- Atari Token
- Star Atlas
I left stuff like HEX, Doge, and Shiba off the list (for obvious reasons). The next article in this series will go over organizing and sorting the projects into categories, followed by an in-depth research of each project.