Teaching my nephew about Bitcoin

[South Park]

Although this is just my personal opinion, I would feel sorry for your nephew. Give him a ball and let him go play football with his friends. Knowledge about bitcoin does not take much time; you can explain everything to him when he gets older. But God, I see a blackboard and a teacher, and someone standing with a movie camera. Made me laugh. It is clear why these photos were taken. For an eleven-year-old child, it also takes practice to captivate him. Does the child have pocket money? My son usually spends them on his games, sweets, and other needs that are interesting to him at his age. Knowing from experience, children rarely agree to save for an extended period of time. But your nephew will eventually need to experience everything firsthand. Will he be able to buy himself a certain amount of bitcoins in order to fully feel like a young investor?

I will admit that based on what we see on the pictures the class does not seem as the most fun thing to do a kid could do with his time, however there are kids which are very interested at specific topics from a very early age, and if this is the case then I think the lecture makes sense, however I agree that I would prefer kids to be kids and to not worry about things like money until they are older, after all we only have a few years to enjoy our childhood and a whole life to worry about money issues.

[romero121]

At this age if he had learnt about or came to know about it of his own this could've been more interesting. OP's nephew used to read good number of books and science videos. OP should've suggested him to watch some videos related to blockchain and cryptocurrency. Further if he had got interested and known well about it, OP should've briefed him. Now the program won't get effective outcome from the 11 years old guy for the much expected program Catch them young. Anyhow this is an appreciable effort.

[Leviathan.007]

That's very good to see people teaching other people about bitcoin, there is this forum I saw many people doing the same thing in different situations, some of them were teaching bitcoin in schools or universities, and even some of them were teaching about bitcoin in the church to other people and in all these cases people are trying to spread knowledge about bitcoin in all over the world and this will be definitely a big shiny signal to see more demand on the mark near soon.

[jossiel]

Guys, I hope I was not wrong to think this knowledge was good for his age. I hope to hear your opinions. 

You're not and you're doing it good and right. Little knowledge is dangerous and that's why you have to teach almost everything you know to your nephew.

At a young age, he'll be more open to the ideas about the real world and that's why it'll inspire him at least if there will be an impact of this effort you've done to him.

If there's not, that's okay because soon he will still remember the day you've taught him about it.

[Quidat]

Guys, I hope I was not wrong to think this knowledge was good for his age. I hope to hear your opinions. 

You're not and you're doing it good and right. Little knowledge is dangerous and that's why you have to teach almost everything you know to your nephew.

At a young age, he'll be more open to the ideas about the real world and that's why it'll inspire him at least if there will be an impact of this effort you've done to him.

If there's not, that's okay because soon he will still remember the day you've taught him about it.

Anything that shows dedication on sharing up valuable information or things specially into his/her relatives is something that commendable on every way.
Its true that everything should be taught although its on exemption when it comes to technical aspect since it would really be a mind blowing thing or something
these young minds couldnt be able to comprehend.This is why it would really be that mindful whether you would be teaching the most simplest
way on understanding basing or according to his capability on learning up new things.

[lionheart78]

OP should've suggested him to watch some videos related to blockchain and cryptocurrency. Further if he had got interested and known well about it, OP should've briefed him. Now the program won't get effective outcome from the 11 years old guy for the much expected program Catch them young. Anyhow this is an appreciable effort.

I also think that it is better to let the kid watch videos about Bitcoin first, before tackling and discussing it to him.  Kids that enjoyed what they watched can easily learned the thing that is in the video. So in order for your BITCOIN LESSON 101 to be entertaining for kids, you should search for animated video that explains bitcoin in a simple way.

This list of Bitcoin video are short but it is very informative.
https://www.youtube.com/watch?v=Gc2en3nHxA4&t=4s

while this next video can further explain what is tackled on the first video.
https://www.youtube.com/watch?v=L-Qhv8kLESY

You can also try to check this playlist and see what idea and interpretation you can salvage from this
https://www.youtube.com/c/Bitcoinwithpaypal/playlists

Though the first video is very light and informative the next videos are kinda long and somehow boring but it will give us more insight and example on how Bitcoin work, it is up to you @OP on how to make these information entertaining and easy to grasp for the kids.

[Yatsan]

The question is, would he be fine knowing to take risks involving money at his age? 'coz investing might yield to gambling; there are no assurance of winning on both activities  but ofcourse investment is different. Also, would he be interested? At the age of eleven, most of the children are not having that much of interest with money, meaning, you might just ruin his time pushing him into something he/she is not yet interested with. I do get the point; it is somehow a laderized teaching approach so it would be systematic and not forcing the child to do so. If he/she would be growing in such field, then that's good. But be sure you won't take his/her childhood just because you want to impart something. There is always a right time for everything and most of those times, interest is the bottomline.

[Tony116]

After you teach those things to your nephew and you ask him again, did he learn anything and understand anything? I bet you he won't understand, 11 years old is a very young age to be able to absorb these things. Even when we are acquainted with bitcoin for the first time or heard about bitcoin, we still cannot understand or do not want to hear about it, how can a child absorb such things.

Teaching bitcoin to others is a good thing, but it has to be the right audience. You should find friends and relatives with investment needs, teach them about bitcoin instead of your 11-year-old nephew.

[Yamifoud]

Well, 11 years old is not already old enough to learn about crypto, about Bitcoin. But as long as your nephew is interested in this, I believe it was the perfect time to teach him. In fact, a lot of people/parents are doing this already but we are not sure and have no update on the results. I know it was a great idea but I'm not sure if it is really productive.

It can be techy you know and it takes time. I think it was best for OP to teach him in a very simple way so it can be easy for him to understand and at least start the basics.

[cheezcarls]

I am free from work this weekend, so I decided to make it useful. At first, I never knew what to do today to make my day fun, so I decided to do something I considered meaningful for myself, but I also wanted to hear the opinions of this community, which is why I created this thread.

There's a meet-up program carried out in my nephew's school, and as the theme of the program implies, "Catch them young." The program is carried out once every year. The purpose of the program is to identify the in-born talents of students, both children and teenagers, usually aged from 9 to 19.

From the idea of that program, I came up with the idea to teach my nephew about Bitcoin this weekend. He is just 11 years old. Last year, in the "catch them young" program, he was identified as a kid with the zest and curiosity for research. He was given piles of books to read and feed his curiosity about science and some mechanical activities taking place around his environment. 

He spends his free time reading and watching lots of science videos on YouTube. 

If I had known about Bitcoin in 2010 or 2012, I may have had more than 1 or 2 bitcoins by now, but no regrets; gradually, I will accumulate more bitcoin over time. 

Giving my nephew the privilege of knowing about Bitcoin and blockchain technology is a really interesting thing I find myself doing today. He's still young, and even if he's not going to invest now, having knowledge of blockchain technology and Bitcoin is not as bad as I thought. Often times, children grow up knowing some important things they learned when they were young. If that knowledge was really good for them, they broadened it as they grew. 

I decided to teach him.

1. What blockchain technology is and how it works

2: define bitcoin and the inventor.

3. Decentralization is important to Bitcoin investment. 

4. The disadvantage of investing wrongly without full knowledge

I just gave him some primary knowledge, just like a class he would expect to have had in school. I will love to take him through the class some more times. 







Guys, I hope I was not wrong to think this knowledge was good for his age. I hope to hear your opinions. 

Dr.Bitcoin_strange 💌

First of all, I really appreciated your efforts to your nephew despite that he is only 11 years. Despite he is the only one listening, you still spend time and effort just to make him understand about Bitcoin. It gives him the edge over the others who has the same age as him about the knowledge he got from you about Bitcoin.

Man it’s going to be pretty awesome to study Bitcoin while we are still in our younger years.

[Ryker1]

^[snip]

It can be techy you know and it takes time. I think it was best for OP to teach him in a very simple way so it can be easy for him to understand and at least start the basics.

Well, I agree with this and I think that age ^{[11 years old]} is not bad to learn in advance in crypto.
This kid will surely learn and understand what is bitcoin and how useful it is because he learns first the usage of bitcoin not how to make a profit. Nowadays people think that bitcoin is an easy way of making a profit, they think always profit but not how bitcoin will use.
I hope there are people that the same on OP -- if there who is willing to learn about bitcoin don't hesitate to teach them in the right way.

[bitzizzix]

If it's just basic knowledge about and functions of bitcoin, then it doesn't matter because your nephew must also study and study the lessons given at school properly because that is also very important. And there is no compulsion, just awareness out of curiosity or curiosity.
and just basic knowledge about crypto or bitcoin I'm sure many people do it without coercion including me. And for the next let them ask, then we will answer them briefly and easily understood and tell them that bitcoin is the future.

[noorman0]

Maybe explaining bitcoin by analogy with patterns, pictures, even objects around it will better help your nephew absorb lessons realistically, not just empty imagination. I honestly doubt that your nephew has even heard a few words of technological terms related to bitcoin.

I was also at that age, and certainly prefer things that are more relevant to real life.

[Luzin]

Maybe explaining bitcoin by analogy with patterns, pictures, even objects around it will better help your nephew absorb lessons realistically, not just empty imagination. I honestly doubt that your nephew has even heard a few words of technological terms related to bitcoin.

I was also at that age, and certainly prefer things that are more relevant to real life.

I was still quite hesitant to teach my nephew about Bitcoin and Trading. Actually, I feel like helping him to talk about bitcoin and trading so that he can increase his income. This is because of my experience of inviting some of my neighbors who were ultimately unable to survive. Besides, it seems that their money is also gone, in fact they don't blame me but I feel wrong.

Although actually if I look at them they are not too serious about Trading. They have a staple job that is quite time-consuming. But maybe I'll try to introduce that nephew of mine. 

[CryptSafe]

You did very well OP. Onboarding your nephew was a good thing you did. You just thought him how to fish buy teaching him to be independent. This you did he will never forget. I hope you did the teaching practical by showing him how to setup wallet and other technicalities involved so that he would not have any issues calling you back for some reason as regards to the work you already had done.

[traderethereum]

You are doing the best you can to teach bitcoin to your nephew; hopefully, your nephew can understand the basics of bitcoin.
I think you need to explain to your nephew about the investment side of bitcoin and don't say much about trading because, at such a young age, he hasn't learned how to control his emotions while trading.
It would be better to set aside some of his money to start investing in bitcoin once he understands how to get started.
You must continue to accompany him in learning bitcoin, especially about self-control, because this is very difficult for young people.

[ilovealtcoins]

You are doing the best you can to teach bitcoin to your nephew; hopefully, your nephew can understand the basics of bitcoin.
I think you need to explain to your nephew about the investment side of bitcoin and don't say much about trading because, at such a young age, he hasn't learned how to control his emotions while trading.
It would be better to set aside some of his money to start investing in bitcoin once he understands how to get started.
You must continue to accompany him in learning bitcoin, especially about self-control, because this is very difficult for young people.

I think it's better to teach him what bitcoin is and how it is different from the paper money we are using. Don't talk about investing with a child, they won't be able to understand or get them involved in gambling games. 11 is the age to go to school and have fun with friends, not when you teach them to make money anyway.

[Adbitco]

Although this is just my personal opinion, I would feel sorry for your nephew. Give him a ball and let him go play football with his friends.

From the pictures the person I m seeing seems to be age 12 or 14 years, this sets of people do not give a listening ear to anyone just talking to them without something they could draw their attention to look more of like a school or classroom before such can give you attention. I think is pretty cool the way he uses whiteboard to teach his nephew otherwise there will be much of distraction moreover when he's not jotting down what his saying.

[krishnaverma]

Too much information will lead to confusion, at the end if you push too much knowledge in one go, your nephew will remember nothing.  You should have told it slowly and if possible in a fun way.  I agree with the earlier reply that you should have let your nephew play games with his friends and retackle the learning when he is old enough to have a grasp of the economics and technicalities of Bitcoin.  

It depends on the learning capacity of an individual also. Some people are talented and can grasp lot of information in less time. His nephew might belong to that class only.
However, in general, there is no point in teaching a child about Bitcoin. Children do not have interest in these things usually. Most of the children are interested in online games or reels or TikTok and we should let them enjoy their childhood. When they grow up, they can pick Bitcoin as a subject of they are really interested in it.

[BitDane]

Too much information will lead to confusion, at the end if you push too much knowledge in one go, your nephew will remember nothing.  You should have told it slowly and if possible in a fun way.  I agree with the earlier reply that you should have let your nephew play games with his friends and retackle the learning when he is old enough to have a grasp of the economics and technicalities of Bitcoin. 

I agree, what if OP start to teach financial literacy instead of that? teach him little by little. Teach him the main purposes of money, how does it works and how money keep people away to each other. By this thing we can say, he can start to save, use money wisely and then try to introduce bitcoin and other altcoin, step by step process not teach him whole thing already.

Yeah, I think it is much simpler if OP said, "save Bitcoin it will make you millionaire one day".  That is way simpler than telling him the technicalities of Bitcoin.  Some practical lectures of setting up wallet and how transfer is made will be easily understood by 11 years old kid.  I honestly don't think that there is a need to elaborate Bitcoin to the kid  too much. After all, I believe the main purpose of the lecture is to tell the kid that Bitcoin can make him millionaire one day.