Bitcoin Forum

A student from another class came to me last week asking for help on doing a research paper about bitcoin.
She was pretty fascinated by it all and was intuitive enough to realize that blockchain technology can revolutionize small scale businesses, particularly in the developing world, and disrupt mega conglomerates.

So, fast forward a week, she comes back to tell me that she has bought some eth and is looking to invest in an ICO!

I had a student before who had gotten into crypto pretty seriously, but he was 18 and was doing it alongside his father.

It really made me wonder, what do you think of teenagers getting into crypto?
My first reaction was, "No no no no no no! It is way too risky and you have no idea what you are getting into!"
But then, an informed, educated 16 year old who does her due dilligence and research is a much better investor than a 30 something millenial who is just trying to make it rich and investing in whatever mcafee or supoman shills.
Am I mistaken?

Age isn't a factor in determining how successful you can be. If people are willing to put in the time to do their research and make informed decisions they can be successful if they are 12 or 78.

IMO, its good for people to actually learn and understand more things when they are young
Although crypto might sound as risky and danger as it was

It was always good for them to learn how to mitigate risk and made better decisions.
Even though they might end up losing by investing on ICOs, at least they learn their lesson to do their own research before invest and be extra careful when dealing with financial things

I totally agree with you. Age isn't the best indicator of who is better equipped to effectively navigate the crypto world.

Age really does not matter. I would be careful if you are a teacher that you don't get yourself in to some trouble. If a student loses a lot of money and then says you told them to invest (even if you didn't) you'll probably have some angry parents to deal with as well as an angry boss.

The only reservation I would have about teenagers into the market is their knowledge of finance. As long as they play it safe and protect themselves then I could care less how old the individual is. Hell a 11 year old just finishing writing a book about Bitcoin, so there are no limitations in this space. Lastly, it warms my heart to know that the younger generation sees the power behind the tech and is willing to adopt it for that reason. Because you know these kids don't have tons of money, and that should make people think twice about the character of humanity! We are good, and good will prevail!

Before, I would say that most international schools are more advanced in academics, business fields and technology. But now even ordinary students have knowledge of blockchain technology as well as out of school. I have a neighbor who is only 14 years old, he earns money in crypto and taught me how to invest. It is not bad for them to learn early in the cryptocurrency. With that dreams, they can be a succesful businessmen someday, requiring guidance of parents and good individuals with sufficient knowledge is important.

Sometimes younger people are more cleaver and bright than adults. So for me it is very good option. We need young people here because they can show us something what we can not see

You are right that a girl can make better decisions. However, I would still say that it should be forbidden for teens to do such things (and it actually is, most of exchanges warn people that they require them to be 18+), because (a) most of teenagers don't really have their own money, they are probably using that of their parents and (b) this is still the age when parents are responsible for some of your actions and have the right to forbid you things. I think she should do that with her parents if possible.

You have to differentiate between teenagers being interested in the tech first and trying to learn to code and to understand the technology. Then you have "kids" chasing gains and hoping to become rich quick and focusing way too much time in chasing pipedreams. The latter is not something we want.

It is a good revolution that teenagers are getting into the crypto world where they can make money for their daily assets, for their study and for their home also. If one is showing interest towards some work then it is our responsibility to taught them how to do that work with the perfection and with 100% output.

Age is just a number. If you think you have enough knowledge of cryptocurrency then go for it. There is one factor which is hard to find in teenagers though. Patience. You really need that in crypto.

Age is never a windbreak for investor, teenager going into crypto depends on the parents guild. A teenager can do that as a part time job if in school, or leisure time.

Another spam thread has been created here. Go to bitcoin discussion and check the same subject you have created. Its already become a mega thread there. Recent days Altcoin discussion becoming a spam yard. Op please don't support them without knowing what is happening around the forum.
If you get the enough reviews from the others, please lock the thread.

This is a double-edge sword. Right now, blockchain technology is at the forefront of technological innovation. Understanding technological principles behind it as well as successfully investing into crypto projects demands and develops lot of extremely useful skills, which could help her later in life with almost any kind of major decisions. So there's huge net benefit for her. However, as jimbo2000 stated, as her teacher your facing a non-negligible risk that if something goes wrong, you could get into lot of trouble (you could become a scapegoat essentially). So you should probably figure out before hand how to approach this topic in the way the would mitigate such risk. Particularly, be aware of how exactly your frame your sentences when discussing this topic with her.

A 16 y.o student has his/her official representatives - her parents. They are the only people who can decide whether to invest anything or not. Until a student is under age it is illegal for a teacher to take such responibilities.

I strongly agree, that's the beauty of cryptocurrency. Even teenagers today with enough skills, access and resources can get into
cryptocurrency and are indeed very real. I heard a story of a 15 year old kid making huge money and supporting his family at the
same time with bitcoins and altcoins. If they have the interest, curiosity and motivation to earn and invest in crypto that would be
very productive. Crypto is reaching out to everybody, it's a financial education and opportunity that's knocking on everyone's door.

Best time to Step in whether it is of teen agers to Old Man. Never miss this opportunity. Remember, still its not too late.

This is for everyone as long as you want to explore this thing you can do it anytime. In fact young people should know this thing, because this is the future that they can enjoy, so better for them to be ahead so they have more time to secure their future. No matter who you are, where you came from cryptocurrency will work for you.

I don't think that teenagers have too much money for serious lose. But if they are smart enough and do well - they can become rich or atleast pay for study  :) So why not? Too much adults today invest without reading whitepaper and some even don't know what is those project about...

It seems to me that teenagers understand cryptocurrencies much better than many investors from wall street. Don't worry about them)

These young folks will surely be billionaires in just few years of getting into cryptocurrencies,because early adopters will be the ones who will benefit in the long run,you can guide here if you saw some potentials,young people should be aware of the things in their environment because the technology is fast phasing,so these people needs to be aware to all the things.

I think it is nothing wrong that teenagers want ti know more about crypto and they can read all they want. I don't think it is wise idea that they should risk money they did not earn.

in my opinion it does not matter teenagers understand how the development of crypto. it would be great to mean that they spend their free time not in vain. this will make the teenagers become independent because they can make money from their own efforts and hard work.
parents should also keep an eye on their child's development so that he / she stays on the right path.

Age is not a problem , as long as he/she totally understand the risks and know what they getting them self into . I read a couple of stories about high school boy    who become millionaire because he choosed to invest in  BTC ( You can read the story here LINK (https://www.cnbc.com/2017/06/20/bitcoin-millionaire-erik-finman-says-going-to-college-isnt-worth-it.html) ) . Just make sure you was honest and that you gave her all the information she needs then the rest is on her .

You shouldn't treat them different than adults, they're old enough to make their own decisions. If she is truly passionate about Bitcoin then why would you stop her from doing it, I feel it's better that someone learns about some valuable technology instead of buying games. I started with Bitcoin when I was a teenager too, even younger than 16. Bitcoin thought me a lot about computer science, economics and I still learn more about this fascinating technology.

I think you are not mistaken. And in general, I think that cryptocurrency is for young people who like to take risks because it is an extremely volatile market

The generation now is far different in the past generations, even they are just 16 years old their thinking is pacing up with the thinking of the adults. For sure her decision is not an impulsive response and I commend you for answering her questions leading her to understand what she needs to understand (of course, researching also plays the big part). Blockchain is a booming technology, and it is better for the young adults to understand and be involve in it this early.

It's a psychological question. For investments, a person must have not only the necessary knowledge, responsibility, intuition and extra funds. But also it should not be gambling.  I doubt that bitcoin for students.

If they get their advice from someone at Wallsteet then they need to stop trading coins immediately. Wallstreet is a scam.

crptocurrency need to understand of every people in the world even the teenager or younger age because i believe bitcoin or cryptocurrency as decentralized virtual currency the teenager as aprt of the new era of the new technology is easy to expalin them the impotance of crypto, because the young ages is knowledgeable to understand how to use computer system.

It is actually good to introduce teenagers to bitcoin instead of letting them waste time somewhere else. It is good in a sense that it will teach them to be more responsible with the resources they have at the same time, they get to earn for themselves at an early age...

Teenagers don't need to handle crypto as it is very risky to use crypto currecy. They can learn about it and you should tell them about it but you should not give large amounts of crypto to teenagers because they will either lose the crypto or spend it on scams.

That is very true, I could not agree more. That teenager who is fascinated by her discovery ...out of her curiosity is a better investor and a better part of the cryptoworld. Rather than those who just tried to engage because nahh 'it's all about money'. It is very wonderful how young generations (more and more younger people) engage in the digital world.. and now in cryptos and blockchain... and even saw the potential of it. Crypto can be great for teenagers who knew what they are engaging into. Since it is very risky, the younger generation (teenagers) are not advised to engage/transact -but with sufficient knowledge, proper guidance and eagerness triggered by their interest, why not right?  :)

I think teens are processing the information a way faster than us/me.
It's riskier if they are playing with money who doesn't belongs to them. Otherwise they are capable of making more faster and more accurate decisions than 40+. Most of the successful traders I know are 18-25y. If you are trading for 10+y, you are risking a complete burn out.

There's no age restriction for involving yourselves in cryptos as long as you understand the technology and able to comprehend for the outcome of your actions then you are good to go. Exposing teenagers how to earn is not a bad idea because they will value the importance of managing their money/income and may teach them to spend wisely because its not easy to earn from investments there's always risk involved.

Age doesn't matter it terms of crypto,it is open to everyone.
Have you heard or read the story of erik finman? the 12year old boy that becomes a millionare because of cryptocurrency (specifically bitcoin) because of investment.
Here's its article https://www.neowin.net/news/a-12-year-old-kid-from-idaho-turned-a-1000-bitcoin-investment-into-a-million-dollars

There are lots of teenagers who involve in a cryptocurrency world. Most of them earned a lot of tokens but first they make sure that they will do a research first before involving in this kind of activity. It will be good as long as the teenager know their limitations. There is no problem if the user is well educated and informed about the happenings in cryptocurrency.

Now the technology is not looked at the age of, all the accessible by anyone...
Many young people who became the billionaire in just a few years into cryptocurrencies,
I feel better that someone to learn about some of the technology instead of purchase or bet in the match.

Crypto for teenagers has good effects and bad effects for teenagers. Crypto currencies can affect students in learning because their minds can be branched out while learning, this is because they are thinking about profits in investing or thinking about their duties in a bounty campaign.

living in crypto world has no age limit even baby can do that as long as you have the knowledge about crypto ang blockchain. this is how our world works now

I like the enthusiasm of your 16-year old student. Imagine, just a week of studying, she came up to a decision on buying some eth. In my case, it took me three months (as far as I remeber) before I start buying some bitcoin and altcoins. I was not that eager then as your student. I have many friends of my age whom I shared the idea about crypto but very few were interested. So for me, to get started and keep going in cryptoworld, what matters most is the will to learn, the fascination and passion to discover new things each day and everything will follow.

I think for knowledge of the crypto world maybe you should tell. because it talks about digital technology. very good for all people to know about the world of crypto. the negative is certainly there, because if the underage knows how to search income in the crypto world, then they will forget the world of learning in school. I think it is a risk of negative and positive because it talks about technology. if I am private, I will notify them and also advise to stay focused in school

If you are a teen looking to buy into crypto then you may want to consider having a trusted adult buying some for you on a trusted exchange like Coinbase or GDAX.They can hold it for you until you turn 18 and can open an account for yourself and have it transferred to you.This is the safest and easiest option to buy into the market.

I believe age got nothing to do with investment, there are some successful investors from young age, it's the knowledge that play important role in investment, usually a young age investors only see the profit and directly want to put all of the money into it, you need to explained the risk and what things that need to be research before put her money, it's good to see enthusiastic teenager want to invest in crypto, but crypto is a dangerous investment, she need to learn a lot of thing before investing in ICO

I will definite recommend crypto to a teenager. They have their parents turn their btc into cash when they have it. When I was a teenager, I always have money issues because I can't even work yet. I don't want to ask money on my parents because I don't want to be a burden to them. A friend of mine who was teenager was earning tons of money by doing bitcoin. He's paying for his school, bought a lot of things and the most important thing, he was able to help his parents.

No you are not mistaken at all because any teenager would react to the crypto currency like that only. The fact is simple, whenever you get to know something which is perfectly alien to you but that something can get you millions then surely it will tangle the brain. So I think that's really normal reaction you have gotten as you explained in your post. But there is another thing that makes it go even better, that's tangled brain starts thinking about the crypto later on and then you start giving it the real time to analyse and get into crypto. That's the blockchain technology being alien can get you quick started. :-)

adolescence is a good time to start something new and different like this bitcoin. nothing is impossible even though still a teenager if doing well in business will definitely achieve success. teenagers and bitcoin I think is very suitable because in the age of a teenager if you can do business in bitcoin he would have been able to get a pretty promising income.

And also they must have to learned on how to handle the situation especially if they loss their profits. We know that they are too young for this. But it is a good idea for me that nowadays they already have knowledge what cryptocurrencies is. Because the moment crypto coins will recognized by all countries worldwide, at least they are ready and well prepared for it.

Yes exactly, there is no problem for the teenagers to be included in the cryptocurrencies world as long as they are equipped in that specific project that they are attending and more informative about it. I think there is no problem with that at all.

There are many teenager that doing this industry in my country too. And based on my observing there are the two sides. They invest an coins because they want to earn, just to buy thei want things it means they do not know what the true meaning of money is. They just want to earn and buy their luxury items. And in the other side the teenager who want to earn because they save it for the future  so it is up to the students if it too risk

Since WW II every single "new generation" was involved in revolutionizing of society, so I wouldn´t be afraid. We are gonna make it! As there is no problem to find braindead kids that are not bothered by anything, there are also that young masterminds that might be the ones bringing something new to their peers. As long as she is not throwing there money which is essential for her, it´is okay, and even bad experience is an experience.

I really find it amazing if someone, even underage, got their interest in crypto and eventually invests in some project. I don't see any problem as long as they know what they are doing and are aware of the possible risk and outcome. But I know they should still be guided though because there was news I've seen on my newsfeed recently that someone took their own life because the market crashed or something like that. I am not sure if its a fact or a hoax but still minors needs guidance from people who can give them proper advice in times that it's depressing to look at the value of their investment. If they can practice the rule of "Invest what you can afford to lose", I guess they'll be successful in due time.

I think there are many teenagers that have also joined in crypto. Because they see a chance that it can make their life better in future. The amount of teenagers that interested in crpto will increase day by day.

Crypto or blockchain technology is a very interesting development in the world. Teenagers should know how things work at a very early age. So that day by day technology changes they can still catch up and will know how to deal with it or use it. Teenagers learning crypto in a very early age is an advantage for they will know how to gain and use the crypto technology to be successful in his/her future. Why not learn it early when you have time? Learn it soon? When there are more additional features on update and will make it more complicated to learn. Start early to master it soon.

The idea of hitting it big on at a very young age through cryptocurrency is very appealing to teenagers. Success stories abound, drowning out the news of some students committing suicide due to the losses incurred or failure to handle the stress that comes with the trade. My advice to teens, or to anyone going into cryptocurrency...proceed with caution.

Just like me I am still teenager and now exploring the other world which is not taught in school because they always think that this is just an easy money and should not be tolerated although our government already approves the use of this one they are just kept reminding us that it is not tolerable.

Crypto for Teenagers is now almost partially crypto users are teenagers. teenagers are easy to understand technological developments and it's easy to make crypto a good job, so I think teenagers have a big role to crypto.