Yes dangerous, but only for those who doesnt know a thing about bitcoin. If you have knowledge about bitcoin then it would not be dangerous to you. On the other aspect, bitcoin could also be use for illegal purposes.
First of all i would buy a house for my family. Second in the line is, i would establish a business for future needs. And the next one would be the things i want to buy for my self, Big bike, gadgets and a car
Not a good idea brother. Too risky. You should have thinked a million times before you do it. Remember education is the key to success. All things will come along if you have proper educatation
First of all study bitcoin's chart. If you believe that it is the best time to buy then purchase some and hold it for several months for a much more higher earnings. For me, this would be the best time to buy and hold btc.
So far i have not used bitcoin to purchase a product but i am planning to buy several devices like laptops and mobile phones through bitcoin this year. I have noticed this past few months there are some establisments who accepts bitcoin as a payment.
I think Bitcoin will have an increase in value when the dollar collapses. Bitcoin supporters tend to view such an event as a devastating blow to society, but a potential opportunity for Bitcoin to prove its salt.
You should consider if that kid already knows how to read and use mobile phone. If he/she passes that then you could teach him everything about crypto.