Teaching children Bitcoin is not in vain

[serjent05]

What would your present situation be if you were introduced to Bitcoin in 2009 or 2010? If you truly understood Bitcoin and its development, that is. The likelihood is that you would then lead a better life.

I already have kids and plan to teach them all the basics of bitcoin when they're 10 or older, but I'll avoid talking about investing with them.

Yes, this. Teach them from the technology perspective, and let everything else around it fall in naturally.

I always think it is easier for kids to learn the economic part of Bitcoin than the technical part of it.  I am not doubting kids' ability to absorb but if you discuss the technical part of Bitcoin, I think it wouldn't sink in because there is no simple example of how it works.  Unlike the economic part of Bitcoin, you have plenty of simple examples to present to the kids.  Besides, kids also experience how Bitcoin works in economic standard since kids are also exposed how money works.  But I bet, you can just say the simplest, saving and keeping Bitcoin for future use, it goes with savings money in a piggy bank's explanation.

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[panganib999]

If you'd be teaching your kid about bitcoin, It's best to teach them first about Financial Literacy, or at most focus on that. Bitcoin as much as we hate to admit is not eternal and may be succeeded by a cryptocurrency in the future or a store of value that puts much more emphasis on the things that we need, but financial literacy will remain king in any day and age. Teach your kids to know how money works, and how to save and be ready for when they can't work their asses off anymore, don't exclusively teach them about stuff that will be a thing of the past, unless you want them to be crypto historians. Then again that's just my two-cents. I know teaching kids about bitcoin is not in vain and is well-meaning, but teaching them about financial literacy first is paramount.

[Viscore]

Teaching children from their 7 years old on about bitcoin is a good idea if you care for their future, but keep in mind they have to be receptive to the idea, otherwise the experience can be frustrating, what can even make them have a negative view towards bitcoin on their adulthood.

Also, it's an interesting alternative to create a wallet for your children and deposit some satoshis there every month, so futurely, once they become adults they will have a decent sum of money to start their professional lives.

They should be aware too about the risks brought by bitcoin. It could be a life changing investment but if they do it the wrong way, their experience will also turn like a roller coaster. Moreover, knowing their still kids and their way of thinking are still limited, so they should be taught first only the basics and when they become mature enough, they can already grasp the complicated part of bitcoin.

[Maslate]

I am one of those people who believe children should concentrate on having fun and enjoying life at their young age... we should not burden them with the worries of money, because there are enough time for them to "make" money when they are older.

Now, that said.... there is nothing wrong with you talking to them and teaching them to be disciplined when it comes to the spending part of it.. but do not go into too much detail, because it is too early. 

I'm also one of you who still believes in not educating kids on bitcoin education at such a young age and not focusing on enjoying life. Children have a certain period of time during which they should not be over-stressed. If any extra pressure is given to them during this time, they will be reluctant to study at an early age. After a certain age they can be educated in bitcoin education. Then maybe educating them on bitcoin education will help them understand more and bring much good for themselves.

I couldn't agree more. There is indeed a correct time and phase for our child to know about the reality of the world, and whether we like or not, they will grow and they will always do and our duty is to prepare them for the harsh reality, and that also includes teaching them what is bitcoin and what can it do to our lives, and of course, it's fundamentals. But for starters, just let the child/children live their own ways and let them enjoy the world under our protection because when they grow older, their habit will also change and starts to adapt to the real world.

[serjent05]

I am one of those people who believe children should concentrate on having fun and enjoying life at their young age... we should not burden them with the worries of money, because there are enough time for them to "make" money when they are older.

Now, that said.... there is nothing wrong with you talking to them and teaching them to be disciplined when it comes to the spending part of it.. but do not go into too much detail, because it is too early. 

I'm also one of you who still believes in not educating kids on bitcoin education at such a young age and not focusing on enjoying life. Children have a certain period of time during which they should not be over-stressed. If any extra pressure is given to them during this time, they will be reluctant to study at an early age. After a certain age they can be educated in bitcoin education. Then maybe educating them on bitcoin education will help them understand more and bring much good for themselves.

Children should be thought responsibility and self-control at a young age.  We shouldn't indulge them in too much fun because they will grow having a difficulty in self-discipline.  We can have them fun but equally, we should teach them responsibility.  It is a molding stage so we better mold our kids the best we can.  In terms of Bitcoin learning, it shouldn't be different in teaching them financial literacy, as the earlier reply stated, Bitcoin is a cryptocurrency and functions the same as currency, so teaching them financial literacy can also affect how they will hold Bitcoin in the future.  Never say investment because kids has no ability to invest because they do not have money, to begin with.

I couldn't agree more. There is indeed a correct time and phase for our child to know about the reality of the world, and whether we like or not, they will grow and they will always do and our duty is to prepare them for the harsh reality, and that also includes teaching them what is bitcoin and what can it do to our lives, and of course, it's fundamentals. But for starters, just let the child/children live their own ways and let them enjoy the world under our protection because when they grow older, their habit will also change and starts to adapt to the real world.

No, we cannot let them live on their own, we should guide them teach them the proper manners and right concept of discipline.  It will greatly help them than teaching them the fundamentals of Bitcoin.

[Oceat]

Financial literacy are way better, its better to teach them the whole concept of money and not just about Bitcoin because if they don't know how to handle their finances, then knowing Bitcoin is useless. Younger generation should start working with their financial awareness, and we should guide them on every possible way.

Bitcoin is there to give financial freedom, and its good to also learn more about this. If I already have Children, I will start teaching them on how to save money and how they can spend it, by this you are slowly teaching them to be more wiser when it comes to their finances.

I think it's the best lesson you could teach to your child/children so in the future when they grow up they won't struggle too much just like what we do because our school or parents doesn't teach us how to spend or how to save it. Well, I can't blame the parents because all they want is what's the best for their kids except for those who left them child/children for selfish act.

Anyway, I still think it's the best to just teach them this method when they are ready to handle some money because kids tend to do something that they would develop on their own then you can support them that way and teaching financial literacy will make their life a little easier. Then teach them about the internet and crypto currency and how it all works.

[Broadanbig]

This is an interesting topic OP. You know children at their early stage of education are very fast and sharp in understanding things. At that age, they learn very fast and asbit is with technology, I know they will pick interest in it as they are always curious about technological innovation and are eager to learn about it. So therefore, teaching children about bitcoin is s plus and also a good thing to behold. It is just like you preparing them for the future ahead of them. This is the era of financial intelligence and it will prepare them early enough to gaining financial knowledge. Not only that, exposing them to technology helps a lot so they could be able to identify immediately technological innovation and discoveries.

[coinerer]

Teaching children about the finance is good. That too needs to be done at the right age. Some parents used to force their children to learn at the earliest as they weren't able to reap the best out of the market. This doesn't gonna benefit the children as well as the parents. In the long run these children will be with partial learning and they never find a way to progress. Giving them about the base of finance is good. Along with that when time comes we need to inform about the alternate choices available. If he wish, let him learn because most of the parents try to educate about cryptocurrencies just for money making. This is not the right way.

A similar topic was opened earlier and there were different opinions that giving children knowledge about Bitcoin is a good initiative but must be given after a certain age.  Every parent wants their child to keep pace with the developed world and acquire good knowledge about technology but forcing it on the child at any age will never be a fair education so after a certain period of time giving the child knowledge about new technologies including Bitcoin  would be a good job

[xSkylarx]

This is an interesting topic OP. You know children at their early stage of education are very fast and sharp in understanding things. At that age, they learn very fast and asbit is with technology, I know they will pick interest in it as they are always curious about technological innovation and are eager to learn about it. So therefore, teaching children about bitcoin is s plus and also a good thing to behold. It is just like you preparing them for the future ahead of them. This is the era of financial intelligence and it will prepare them early enough to gaining financial knowledge. Not only that, exposing them to technology helps a lot so they could be able to identify immediately technological innovation and discoveries.

Not all children are curious about this; some of them just want to play, so we should also select those children that are interested as well as identify their age because some can't yet understand what we are saying or what the purpose of this is. Though it is really best if we teach them as early as possible but let them also enjoy their childhood, let's not force them to learn this if they don't want it, as it is still useless if they don't understand the purpose of it.

[Rockstarguy]

Teaching children about the finance is good. That too needs to be done at the right age. Some parents used to force their children to learn at the earliest as they weren't able to reap the best out of the market. This doesn't gonna benefit the children as well as the parents. In the long run these children will be with partial learning and they never find a way to progress. Giving them about the base of finance is good. Along with that when time comes we need to inform about the alternate choices available. If he wish, let him learn because most of the parents try to educate about cryptocurrencies just for money making. This is not the right way.

A similar topic was opened earlier and there were different opinions that giving children knowledge about Bitcoin is a good initiative but must be given after a certain age.  Every parent wants their child to keep pace with the developed world and acquire good knowledge about technology but forcing it on the child at any age will never be a fair education so after a certain period of time giving the child knowledge about new technologies including Bitcoin  would be a good job

One of the reasons parents pressure their children to learn about bitcoin so fast is because they want their children to be financially at the early stage of life which is good , but the mistake they made is not having knowledge on the best time to go about it. Most parents when their kids are introduced to things early in life it will make excell in life so quick. Kids Learning somethings at the wrong age can later become so terrible for them because it is a wrong timing for them. It is better for children to learn things at matured age and understand and have passion for it very well.

[coinerer]

Teaching children about the finance is good. That too needs to be done at the right age. Some parents used to force their children to learn at the earliest as they weren't able to reap the best out of the market. This doesn't gonna benefit the children as well as the parents. In the long run these children will be with partial learning and they never find a way to progress. Giving them about the base of finance is good. Along with that when time comes we need to inform about the alternate choices available. If he wish, let him learn because most of the parents try to educate about cryptocurrencies just for money making. This is not the right way.

A similar topic was opened earlier and there were different opinions that giving children knowledge about Bitcoin is a good initiative but must be given after a certain age.  Every parent wants their child to keep pace with the developed world and acquire good knowledge about technology but forcing it on the child at any age will never be a fair education so after a certain period of time giving the child knowledge about new technologies including Bitcoin  would be a good job

One of the reasons parents pressure their children to learn about bitcoin so fast is because they want their children to be financially at the early stage of life which is good , but the mistake they made is not having knowledge on the best time to go about it. Most parents when their kids are introduced to things early in life it will make excell in life so quick. Kids Learning somethings at the wrong age can later become so terrible for them because it is a wrong timing for them. It is better for children to learn things at matured age and understand and have passion for it very well.

This forum has more than three million accounts who know more or less about Bitcoin. Are they all financially sound? And is there any guarantee that just knowing about Bitcoin will make you financially successful? Bitcoin is a digital currency that gives people a unique idea of ​​peer-to-peer networks and blockchains. It's only an electronics cash system it's not a money mine that you can own a lot of money if you know about it. But yes one can expect big profit by investing here but it has to be long term. Bitcoin is a potential currency of the future that has the potential to be used globally like the USD.  So it is a smart person's job to have knowledge about it so it is necessary to educate the future generation children about Bitcoin to keep pace with the modern world. that's it

[John Abraham]

I would say, Keep it for them and let them learn it.
You don't have to force them to learn about Bitcoin. I prefer to teach them about privacy and security first. Once they will learn about privacy and security and if they care about it. They will make it and choose bitcoin at some point. All you need is to let them know about bitcoin features. There is something called Bitcoin, and it's secure. I read a similar post from this forum in the past. I cannot remember who wrote that, He explained it better.

[Frankolala]

Children from 15yrs and above can be taught bitcoin by their parents or anybody, at this age,the child has understood what money is and the value of money. At this age the child might have graduated from secondary school or about to graduate.

Teaching children money at the early age,might make them to loose focus in their academic life and focus on their goals since they are exposed to money early. It is something good to teach these kids bitcoin but let it be at the right time. To best way to help them out is to teach them on how to o start saving money.

[bbigtart]

It's great to teach kids about bitcoin. Early childhood should be introduced to investment that is very good for their future. At least aware of the basic knowledge of investment for the sake of his future. There is pocket money that is not directly spent but not just kept in savings. One of the keys to "success" in the future is intelligence in managing finances. And that lesson should have been done early.

[armanda90]

I have been late know with Bitcoin after six or seven years after Bitcoin releasing to the public, actually I am so disappointed why late to know about Bitcoin and can't imagine when investing Bitcoin still lower price I can earn much profit later. I won't my children not understand yet about Bitcoin and he still under junior high school and have teach him about Bitcoin.

Give detail about Bitcoin and educate our children actually help them for the future about investment, right now my children saving habit have change from usually save his pocket money with fiat in the bank and right now he tries help me convert his saving money in the bank, now each weekly I converted my children saving in the Bitcoin.

[CryptSafe]

I have been late know with Bitcoin after six or seven years after Bitcoin releasing to the public, actually I am so disappointed why late to know about Bitcoin and can't imagine when investing Bitcoin still lower price I can earn much profit later. I won't my children not understand yet about Bitcoin and he still under junior high school and have teach him about Bitcoin.

Give detail about Bitcoin and educate our children actually help them for the future about investment, right now my children saving habit have change from usually save his pocket money with fiat in the bank and right now he tries help me convert his saving money in the bank, now each weekly I converted my children saving in the Bitcoin.

I understand your point mate. It is nice you got a son that adapts very fast to learning new things. You know not all children are that smart and fast to learn. But for your child, he is fast and eager to learn as you have said. Learning a new technology has changed his perspective of saving that was why he became curious about what your have taught him and from the looks of things as you have  said, he has mastered the little you have taught him to the point of being able to convert his fiat to bitcoin. That is impressive of you both. I think your child will do Much better in the blockchain space if you continue teaching him more about bitcoin and blockchain.
Not only that, economically, our child can do business if his learning skills expand beyond just converting fiat to bitcoin, I think he can be able to do trading as well if he is able to learn how to convert from Fiat to bitcoin. If I may ask how old is your child to have learnt and mastered this very fast without much challenges and which platform did you use while teaching your child how to convert from bitcoin to fiat?

[Sanitough]

I think that Bitcoin is good to be known from youthful age.

maybe it will be better when the child can manage his finances. I mean, when a child is given money with a specific nominal value, he can control how the money is used. that's a good time to teach Bitcoin to kids.
we don't know what the right age is for it. and maybe in countries that have legalized Bitcoin, are there any subjects in certain classes that might touch on discussions related to digital currency?

Once the child is given his own allowance, he should be taught about saving his extra money, and it could be the thought of saving bitcoin can also be introduce. So that when he mature, everything he learned while he was still a child will also be brought and consider when the time that he wants to explore about bitcoin and all it’s possible opportunities. However, he should be knowledgeable about bitcoin before he will try to invest in bitcoin for his own good.

[Russlenat]

Bitcoin is digital currency that is being widespread almost all the continent, and some people notice the development of Bitcoin very late, and it enables some people not to invest in Bitcoin in far back 2009 and 2010. Therefore i noticed that teaching children of Bitcoin in early stage and mostly children that is up to ten years and above, inculcating the functions and the importance of Bitcoin in children will make them to develop widely with the knowledge being inculcates with them already. I think that Bitcoin is good to be known from youthful age. I have noticed that assuming so many of us notice the important of Bitcoin in time we would have all be a partial millionaire if I'm not mistaken of being a full millionaire.

It’s not a wrong move to educate children about bitcoin but never expect that they will get completely the real meaning of bitcoin especially that bitcoin topic is quite complicated. But at least, the fact that you start inculcating to them the value of bitcoin and how it will be more profitable in the future, then they will always remember and be aware of that. But expecting them to be millionaire in the future because of bitcoin, that point could mean letting them feel about being pressured about bitcoin which I think is not supposed to happen since they will be the one to chase their luck and life.

[usekevin]

Bitcoin was the trusted crypto currency over a couple of years.The people with more knowledge had get into crypto currency earlier.Most of the people get into crypto after the 2017 year,So it’s almost 5 year up from 2017.

It’s essential for teaching the people this block chain technology.In this decade of crypto currency growth,many people become a millionaire and billionaire by investing in the crypto currency.Longterm investment is always important one in the crypto currency trading.Some people had not taking this as the serious one,it’s the essential one for sure.

[Hypnosis00]

Bitcoin is digital currency that is being widespread almost all the continent, and some people notice the development of Bitcoin very late, and it enables some people not to invest in Bitcoin in far back 2009 and 2010. Therefore i noticed that teaching children of Bitcoin in early stage and mostly children that is up to ten years and above, inculcating the functions and the importance of Bitcoin in children will make them to develop widely with the knowledge being inculcates with them already. I think that Bitcoin is good to be known from youthful age. I have noticed that assuming so many of us notice the important of Bitcoin in time we would have all be a partial millionaire if I'm not mistaken of being a full millionaire.

It’s not a wrong move to educate children about bitcoin but never expect that they will get completely the real meaning of bitcoin especially that bitcoin topic is quite complicated. But at least, the fact that you start inculcating to them the value of bitcoin and how it will be more profitable in the future, then they will always remember and be aware of that. But expecting them to be millionaire in the future because of bitcoin, that point could mean letting them feel about being pressured about bitcoin which I think is not supposed to happen since they will be the one to chase their luck and life.

Giving them some overview of the market and how it applies just enough for a kid. But if they discuss about investment, that is somewhat complicated to understand which only ended up being less effective and can still be forgotten. I believe that giving them financial education and advice is quite a good idea and forces them how to value money. Because they soon fully understand crypto investment, about Bitcoin when they are old enough to handle stress and when they also have an interest.