Teaching my nephew about Bitcoin

[Ziskinberg]

I think this is a great idea for you to teach your nephew about Bitcoin when he's such a young age. A friend of mine I am trying to become more interested in Bitcoin is a fan of AI so there is something I got for him.
I recommend a book, I really enjoyed ‘The Age of AI: And Our Human Future’ by Henry Kissinger and several other great thinkers as well. I really enjoyed it and if your friend is interested in Crypto like me chances are he’s fascinated by the exploration of all the ways AI will shape our human society.
I have bought tons of books for people over the years and sometimes I do have doubts they read them but I still like giving books because they’re physical and something I can wrap.

Ideally, teaching at a very age is a good start to molding him to think bigger in the future, especially for crypto. But that only happens if that kid is also interested in Bitcoin because we know that not all 11-years old have that kind of thinking.
It is the interest and since this current generation is mostly engaged in gadgets and high technology, I think it was not easy for us to teach them.
What we just need is perfect timing and it should be step by step, and introduce Bitcoin slowly until they got the whole picture and concept of it.

[borovichok]

I think this is a great idea for you to teach your nephew about Bitcoin when he's such a young age. A friend of mine I am trying to become more interested in Bitcoin is a fan of AI so there is something I got for him.
I recommend a book, I really enjoyed ‘The Age of AI: And Our Human Future’ by Henry Kissinger and several other great thinkers as well. I really enjoyed it and if your friend is interested in Crypto like me chances are he’s fascinated by the exploration of all the ways AI will shape our human society.
I have bought tons of books for people over the years and sometimes I do have doubts they read them but I still like giving books because they’re physical and something I can wrap.

Getting enough knowledge and passing it on to the young ones would be one great investment one is impacting. Bitcoin is a life changer to some people and also a worst experience to some people. It's very dissapointing not to grab this opportunity of accumulating more bitcoins now that's dipping before it shoots to the moon. Reading PDFs and Books concerning bitcoins also aid to knowing more about Bitcoin and how it operates. In my situation, all my siblings know about bitcoin and how the whole market operates.

[South Park]

I think this is a great idea for you to teach your nephew about Bitcoin when he's such a young age. A friend of mine I am trying to become more interested in Bitcoin is a fan of AI so there is something I got for him.
I recommend a book, I really enjoyed ‘The Age of AI: And Our Human Future’ by Henry Kissinger and several other great thinkers as well. I really enjoyed it and if your friend is interested in Crypto like me chances are he’s fascinated by the exploration of all the ways AI will shape our human society.
I have bought tons of books for people over the years and sometimes I do have doubts they read them but I still like giving books because they’re physical and something I can wrap.

Getting enough knowledge and passing it on to the young ones would be one great investment one is impacting. Bitcoin is a life changer to some people and also a worst experience to some people. It's very dissapointing not to grab this opportunity of accumulating more bitcoins now that's dipping before it shoots to the moon. Reading PDFs and Books concerning bitcoins also aid to knowing more about Bitcoin and how it operates. In my situation, all my siblings know about bitcoin and how the whole market operates.

You are lucky, I also tried to teach some friends about bitcoin when I was beginning my journey as I thought that it would be easier for each one of us to keep ourselves invested in bitcoin during the difficult times if we gave each other support, but they did not wanted to know anything about it, eventually they began asking me about bitcoin again but only when its price was already skyrocketing, so I knew they were not really interested in bitcoin but on what they thought it could do for them.

[Tubicolous]

Hey, it is really good. you are spreading your knowledge and transferring it to young ones. It will help them in the future and it will be also helpful for you because teaching will make you an expert in this field.

[boyptc]

4. The disadvantage of investing wrongly without full knowledge

This should be the main topic for most of the beginners.

Because most of them are investing without basic knowledge in bitcoin and they're even introduced by a random guy on the internet through different forums and groups and gives them idea where they should invest, wrongly.

@OP, you're helpful to your relatives and your nephew has got now the understanding and basic thoughts about bitcoin. I'm sure that he'll talk about it with his friends and will make him look like a genius on his story. 

[Jon_Hodl]

My nephew is learning about bitcoin too. I got him the "B Is For Bitcoin" book a couple of years ago just to get him to learn but looking back, it's full of shitcoinery.

He's almost old enough to start playing memory games and I think the Shamory card game will be a big hit with him soon. I am also starting to see a number of different bitcoin books pop up. I recently saw a bitcoin rhyming book as well as some other books for children from FriedaHodl who seems to own BTCpublish.com but only a couple of titles on there.

There's still a massive shortage of quality bitcoin content online for kids but I guess that just shows how early we really are. 

[xSkylarx]

4. The disadvantage of investing wrongly without full knowledge

This should be the main topic for most of the beginners.

Because most of them are investing without basic knowledge in bitcoin and they're even introduced by a random guy on the internet through different forums and groups and gives them idea where they should invest, wrongly.

@OP, you're helpful to your relatives and your nephew has got now the understanding and basic thoughts about bitcoin. I'm sure that he'll talk about it with his friends and will make him look like a genius on his story. 

Learning is really the first step before investing in bitcoin, but I don't know if some newbies use their brains since they are just jumping into the hype that is coming from the influencers. Those young ones that he taught bitcoin were very happy since they already had a grasp on where to start or use it as a guide for learning bitcoin. It is also an advantage to the OP that he is the one teaching because, while teaching, you can learn more since there are times when you have questions and you need to conduct research before presenting it to them.

[jostorres]

If OP teaches him about technology it should be encouraged as technology is definitely what we need in any environment, technology is no different than water in our daily life, we would not be able to live without technology. But OP is teaching him about bitcoin, being part of finance, is a risky investment. I don't think such a kid can understand bitcoin. Even investors like us don't fully understand what bitcoin is, we are here simply for profit and our job is to see bitcoin chart every day. Bitcoin and crypto have not been applied much in life, and not everyone needs them. That is true.

We need technology so that everything can run, it is true. Unfortunately, we often forget there are many jobs out of our expertise and push children to obey what we want. For me, just give those kids a little introduction about technology in a fun way, give them lots of things, then let them choose.

There is both a benefit and also a trouble about it. The benefit is that new technology would help you do your job a lot better, and it would make it easier at the same time. But, we also talk about some new tech replacing people as well, just look at the car industry, that is the most common one that we know of.

Back when Ford built the first assembly line, one car was manufactured by so many people, hundreds of people working on it at the same time and it took so much time, today there are so many machines that help the people so there isn't a need for that many workers at the same time. Plenty of jobs were lost to developed technologies like that.

[serjent05]

4. The disadvantage of investing wrongly without full knowledge

This should be the main topic for most of the beginners.

Because most of them are investing without basic knowledge in bitcoin and they're even introduced by a random guy on the internet through different forums and groups and gives them idea where they should invest, wrongly.

@OP, you're helpful to your relatives and your nephew has got now the understanding and basic thoughts about bitcoin. I'm sure that he'll talk about it with his friends and will make him look like a genius on his story. 

Learning is really the first step before investing in bitcoin, but I don't know if some newbies use their brains since they are just jumping into the hype that is coming from the influencers.

Obviously, those who jump into the hype never use their rationality.  They used their brain yes, but their brain is poisoned by greed.  Anyway, they can't decide to invest if they don't use their brain.  I hope these people will put rationality first before anything else.  They should think that they must know the basic of bitcoin economy if they wanted to take profit in their investment ventures but sadly most relies on the influencers' hype and got FOMO making them buy at top prices.

Those young ones that he taught bitcoin were very happy since they already had a grasp on where to start or use it as a guide for learning bitcoin. It is also an advantage to the OP that he is the one teaching because, while teaching, you can learn more since there are times when you have questions and you need to conduct research before presenting it to them.

But still, @OP should consider the age and capability to understand of his student before laying out his lecture.   I am not belittling the kid, in fact, I believe the kid is a brilliant person, reason why @OP decides to teach him about BTC.  But somehow, there is difficult stuff that is embedded in Bitcoin lectures which I think is far beyond the capability to understand of the kid.  That is why, when teaching a kid, we need to readjust our presentation to make the learning more fun and easily understand.

[KennyR]

-snip-

If OP teaches him about technology it should be encouraged as technology is definitely what we need in any environment, technology is no different than water in our daily life, we would not be able to live without technology. But OP is teaching him about bitcoin, being part of finance, is a risky investment. I don't think such a kid can understand bitcoin. Even investors like us don't fully understand what bitcoin is, we are here simply for profit and our job is to see bitcoin chart every day. Bitcoin and crypto have not been applied much in life, and not everyone needs them. That is true.

We need technology so that everything can run, it is true. Unfortunately, we often forget there are many jobs out of our expertise and push children to obey what we want. For me, just give those kids a little introduction about technology in a fun way, give them lots of things, then let them choose.

Kids need to be taught to make decisions independent. This mostly happens when they turn teenage. From the childhood let them to decide what they want will help us understand what is his/her interest and find the hidden talents. Further when he does something on his interest, we can correct him and give suggestions. This will keep himself on the positive track than imposing over the kids with our plans.

[Minor Miner]

If OP teaches him about technology it should be encouraged as technology is definitely what we need in any environment, technology is no different than water in our daily life, we would not be able to live without technology. But OP is teaching him about bitcoin, being part of finance, is a risky investment. I don't think such a kid can understand bitcoin. Even investors like us don't fully understand what bitcoin is, we are here simply for profit and our job is to see bitcoin chart every day. Bitcoin and crypto have not been applied much in life, and not everyone needs them. That is true.

We need technology so that everything can run, it is true. Unfortunately, we often forget there are many jobs out of our expertise and push children to obey what we want. For me, just give those kids a little introduction about technology in a fun way, give them lots of things, then let them choose.

There is both a benefit and also a trouble about it. The benefit is that new technology would help you do your job a lot better, and it would make it easier at the same time. But, we also talk about some new tech replacing people as well, just look at the car industry, that is the most common one that we know of.

Back when Ford built the first assembly line, one car was manufactured by so many people, hundreds of people working on it at the same time and it took so much time, today there are so many machines that help the people so there isn't a need for that many workers at the same time. Plenty of jobs were lost to developed technologies like that.

That is also a matter of concern, but I think machines or robots should replace humans in heavy jobs or stages that may endanger workers' lives. I have worked for a while in companies in heavy industry, it is tough to protect the safety of workers. Despite having undergone thorough training classes before working or wearing protective gear, it is still impossible to avoid occupational accidents. If we use Robots in those cases, we can reduce human damage.

[SOKO-DEKE]

Op, you did a great job educating your nephew about Bitcoin, but I don't think he's ready for it yet. It might be a waste of his time to teach him now. Regardless of how hard you try to persuade him otherwise, but all what your nephew needs right now is to focus on his studies and block out any outside distractions. This is especially important given what you are trying to accomplish right now because Bitcoin knowledge may not
 be useful to him right now. Due to this age and he will never consider investing any money instead of purchasing toys that other kids can play with.
Op I don't mean to criticize your efforts, but I think it would be better for you to educate adults about Bitcoin than this kids. I believe you will not stop by only educating your nephew but I still have trust in you that you will spread the Bitcoin awareness to more more  people. Your effort will never be vein op.

[boyptc]

4. The disadvantage of investing wrongly without full knowledge

This should be the main topic for most of the beginners.

Because most of them are investing without basic knowledge in bitcoin and they're even introduced by a random guy on the internet through different forums and groups and gives them idea where they should invest, wrongly.

@OP, you're helpful to your relatives and your nephew has got now the understanding and basic thoughts about bitcoin. I'm sure that he'll talk about it with his friends and will make him look like a genius on his story. 

Learning is really the first step before investing in bitcoin, but I don't know if some newbies use their brains since they are just jumping into the hype that is coming from the influencers. Those young ones that he taught bitcoin were very happy since they already had a grasp on where to start or use it as a guide for learning bitcoin. It is also an advantage to the OP that he is the one teaching because, while teaching, you can learn more since there are times when you have questions and you need to conduct research before presenting it to them.

They're still lack of knowledge about bitcoin and they fell to the wrong influencers that are only using them as cash cow being an audience to them.

But I'm sure those that are serious and passionate about starting with their bitcoin journey won't just give up when they fail at the beginning. They just need the right resources for them to keep moving, we've been there and we're all happy that we're on the right track.

And those advocates like OP is doing the right thing and hopefully more of them will come out that has done this thing and idea.

[carlfebz2]

If OP teaches him about technology it should be encouraged as technology is definitely what we need in any environment, technology is no different than water in our daily life, we would not be able to live without technology. But OP is teaching him about bitcoin, being part of finance, is a risky investment. I don't think such a kid can understand bitcoin. Even investors like us don't fully understand what bitcoin is, we are here simply for profit and our job is to see bitcoin chart every day. Bitcoin and crypto have not been applied much in life, and not everyone needs them. That is true.

We need technology so that everything can run, it is true. Unfortunately, we often forget there are many jobs out of our expertise and push children to obey what we want. For me, just give those kids a little introduction about technology in a fun way, give them lots of things, then let them choose.

There is both a benefit and also a trouble about it. The benefit is that new technology would help you do your job a lot better, and it would make it easier at the same time. But, we also talk about some new tech replacing people as well, just look at the car industry, that is the most common one that we know of.

Back when Ford built the first assembly line, one car was manufactured by so many people, hundreds of people working on it at the same time and it took so much time, today there are so many machines that help the people so there isn't a need for that many workers at the same time. Plenty of jobs were lost to developed technologies like that.

That is also a matter of concern, but I think machines or robots should replace humans in heavy jobs or stages that may endanger workers' lives. I have worked for a while in companies in heavy industry, it is tough to protect the safety of workers. Despite having undergone thorough training classes before working or wearing protective gear, it is still impossible to avoid occupational accidents. If we use Robots in those cases, we can reduce human damage.

We are already moving there and we know that its been a while where certain industries (car companies) had really those robots but we cant really that able to deny that human involvement
is still significant since there are things which humans can do while robot cant.It do really speeds up the process and does give out that safety specially on heavy works.
Lets just not make things in a rush but people or human intervention is still significant on some works which we are still that needed.
Going back on topic in speaking on teaching up your newphew about Bitcoin then its something good but for him to be able to understand well then
it would be good that it would be starting up on those very basics of it.

[Genemind]

4. The disadvantage of investing wrongly without full knowledge

This should be the main topic for most of the beginners.

Because most of them are investing without basic knowledge in bitcoin and they're even introduced by a random guy on the internet through different forums and groups and gives them idea where they should invest, wrongly.

@OP, you're helpful to your relatives and your nephew has got now the understanding and basic thoughts about bitcoin. I'm sure that he'll talk about it with his friends and will make him look like a genius on his story. 

Learning is really the first step before investing in bitcoin, but I don't know if some newbies use their brains since they are just jumping into the hype that is coming from the influencers.

Obviously, those who jump into the hype never use their rationality.  They used their brain yes, but their brain is poisoned by greed.  Anyway, they can't decide to invest if they don't use their brain.  I hope these people will put rationality first before anything else.  They should think that they must know the basic of bitcoin economy if they wanted to take profit in their investment ventures but sadly most relies on the influencers' hype and got FOMO making them buy at top prices.

Those young ones that he taught bitcoin were very happy since they already had a grasp on where to start or use it as a guide for learning bitcoin. It is also an advantage to the OP that he is the one teaching because, while teaching, you can learn more since there are times when you have questions and you need to conduct research before presenting it to them.

But still, @OP should consider the age and capability to understand of his student before laying out his lecture.   I am not belittling the kid, in fact, I believe the kid is a brilliant person, reason why @OP decides to teach him about BTC.  But somehow, there is difficult stuff that is embedded in Bitcoin lectures which I think is far beyond the capability to understand of the kid.  That is why, when teaching a kid, we need to readjust our presentation to make the learning more fun and easily understand.

I agree, I just hope that OP's nephew can catch up with how complex cryptocurrency is, at that young age I am more focused on having fun as most kids do. But if his nephew is really eager to learn it won't be a problem, it's hard to teach something to someone who's not really interested. As Skylar said this is better than those who are jumping into cryptocurrency with little knowledge and then blaming crypto for their bad investment. I would like to teach my kids about cryptocurrency too, however, I would do it little by little, maybe starting with being responsible with money, saving, and investment. It's too much for a kid to learn, but if you teach them in simple and interactive way it would be easier for them to grasp it.

[ChiBitCTy]

It doesn't matter how old someone is, there's absolutely nothing wrong with teaching a young kid about bitcoin, whether they are five years old for fifteen.  I think one of the biggest issues with the school system and young children is not teaching them more real world things and not doing so early enough.  Teaching young kids about finance from an early age is likely to put them ahead of most for when the time to discuss it comes, or ever does.  This is real world practical education.

[gunhell16]

Teaching Bitcoin to anyone is not bad, it's even good because we give them an idea about it. But we know that it is not easy to understand, if those who are old and want to know what bitcoin is, find it difficult to understand right away, how can it be if they are 11 years old, it is okay at that age if your nephew has an interest to know this, determined to know this, but based on your story here you want your nephew to have an idea, your intentions are good, but the interest, determination, and passion should come from your nephew and not you dude.

That's why based on the explanation you made, for me it's a bit deep on your nephew's part. This is what you should have done like what a member did here in the forum that the interest did not come from the teacher but from the young people who took the initiative themselves with knowledge of Bitcoin, then the teaching method was based on a different approach to making it easy to understand of young people who went to his house, this is the link https://bitcointalk.org/index.php?topic=5408842.0

[Marvell1]

It doesn't matter how old someone is, there's absolutely nothing wrong with teaching a young kid about bitcoin, whether they are five years old for fifteen.  I think one of the biggest issues with the school system and young children is not teaching them more real world things and not doing so early enough.  Teaching young kids about finance from an early age is likely to put them ahead of most for when the time to discuss it comes, or ever does.  This is real world practical education.

There is nothing wrong with the OP teaching his nephew about bitcoin, but he should consider when is the best time for him to absorb and promote it effectively. If they are too young and not ready, no matter how much you teach them, it will be of no use or he doesn't like bitcoin, you can't force it, nor should we impose our thoughts on others, it's good for us but not necessarily good for others.

Bitcoin is only a small part of the financial industry, if teaching them about finance includes investing, finding opportunities as well as managing risk, that is another story.

[Kelvinid]

Teaching Bitcoin to anyone is not bad, it's even good because we give them an idea about it. But we know that it is not easy to understand, if those who are old and want to know what bitcoin is, find it difficult to understand right away, how can it be if they are 11 years old, it is okay at that age if your nephew has an interest to know this, determined to know this, but based on your story here you want your nephew to have an idea, your intentions are good, but the interest, determination, and passion should come from your nephew and not you dude.

In order not to waste our time and effort teaching about Bitcoin, we should have to consider these things;
 - age of the listeners (must be old enough to understand technical information)
 - behavior (must show some interest in the topic)
 - we know they can carry high responsibilities in the future

But as OP had mentioned, I actually doubted the result of it. Honestly, it was not the perfect or the good time to teach his nephew.

[LogitechMouse]

Seeing at the picture, he seems like a 12-13 young kiddo that doesn't have any interest into investing at all. Well, it's my own opinion and I might be wrong, and he might be the opposite of what I saw and if that's the case then good for him and for you as his teacher.

There's nothing wrong in teaching other people Bitcoin, but at least we need to have considerations like the age of the person, his desire in learning it etc. The current education system really sucks TBH. Not in all countries of course but what makes it sucks is that they aren't teaching anything about money like what Robert Kiyosaki always says. I'm not saying that I will not put my future children at school because it's really needed, but I will teach him anything about money and I will teach him how to save and invest at an early age.