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Author Topic: A good way to help our children.  (Read 970 times)
Queentoshi (OP)
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May 25, 2023, 02:51:01 PM
 #1

Our children will not be as lucky as we are, we have to help them to know about bitcoins on time so they can have some for themselves. We are lucky because we are of age to know and understand what bitcoin is at this time when the value of bitcoins is still expected to increase not like our children who have no idea and it may be too late for them to make any gain from bitcoin when they finally know about bitcoins if you leave them. A good gift any parent can give to their children for their future is to enlighten their children about bitcoins so they have some knowledge about it at an early age and buy some for the children even before they can begin to get for themselves. What do you think?

R


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May 25, 2023, 03:01:17 PM
 #2

Our children will not be as lucky as we are, we have to help them to know about bitcoins on time so they can have some for themselves.
Don't force your children to become Bitcoin investors and let them free to choose what they want to do. You can educate them about Bitcoin but give your children freedom to make decisions.

Quote
We are lucky because we are of age to know and understand what bitcoin is at this time when the value of bitcoins is still expected to increase not like our children who have no idea and it may be too late for them to make any gain from bitcoin when they finally know about bitcoins if you leave them.
Do you think Bitcoin will stop its growth next 20 years? If you are thinking so, invest in Bitcoin now looks to be not a good investment decision. I can not give you financial advice for future, as I myself don't know about future, but if you think about Bitcoin future like this, don't invest in it.

Quote
A good gift any parent can give to their children for their future is to enlighten their children about bitcoins so they have some knowledge about it at an early age and buy some for the children even before they can begin to get for themselves. What do you think?
You can do something for your children by yourself. Work, spend less money for your expenses and have more savings which can be used to buy some bitcoins as inheritance for your children.

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May 25, 2023, 03:08:22 PM
 #3

You can educate your children about bitcoin, but you have to let them know that it is also very risky as it is very profitable to invest in bitcoin too. But if not selling very early and wait, the price of bitcoin will increase. But it is better to deal with bitcoin like a risk asset.

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May 25, 2023, 03:18:32 PM
 #4

A good gift any parent can give to their children for their future is to enlighten their children about bitcoins so they have some knowledge about it at an early age and buy some for the children even before they can begin to get for themselves. What do you think?

no.

firstly, don't have kids, but if u do..

let them live their lives..

just make them a good human being..

get them educated enough so that they can choose what's good and bad for them

and then let them decide what they want to do with their lives.

don't ruin their lives trying to force them into learning what interests u.
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May 25, 2023, 03:22:27 PM
 #5

A good gift any parent can give to their children for their future is to enlighten their children about bitcoins so they have some knowledge about it at an early age and buy some for the children even before they can begin to get for themselves. What do you think?

no.

firstly, don't have kids, but if u do..

let them live their lives..

just make them a good human being..

get them educated enough so that they can choose what's good and bad for them

and then let them decide what they want to do with their lives.

don't ruin their lives trying to force them into learning what interests u.


One can actually do the both, it's not as if you are forcing them to learn or start doing what they don't want to do, it's just as a means of giving them an early knowledge of something which you were opportune to know and wouldn't want to them to miss the chance of having such knowledge. It's now left for them to decide if they like to be part of the technology or they want to let it slide but you as a parent you have done your part and giving them that knowledge.

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May 25, 2023, 03:45:00 PM
 #6

This is a good move OP. You see, bitcoin is still at the early stage of which I believe you know that. The price currently is still worth investing. Going by your statement, I feel the best way to do that is to start accumulating bitcoin bit by bit for your kids now why you teach them gradually how the system works. As they grow, their knowledge about bitcoin is getting vast and experience would teach them many things about it. While all these are going on, the little bitcoin you have bought for them keeps appreciating because for sure it would grow bigger than it is now by then they would have something to fall to or maybe an inheritance left for them to inherit.

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May 25, 2023, 04:12:49 PM
 #7

Our children will not be as lucky as we are, we have to help them to know about bitcoins on time so they can have some for themselves. We are lucky because we are of age to know and understand what bitcoin is at this time when the value of bitcoins is still expected to increase not like our children who have no idea and it may be too late for them to make any gain from bitcoin when they finally know about bitcoins if you leave them. A good gift any parent can give to their children for their future is to enlighten their children about bitcoins so they have some knowledge about it at an early age and buy some for the children even before they can begin to get for themselves. What do you think?
Bitcoin investment is not for children and teaching your children about Bitcoin you are not doing any good to them. Please allow the children to learn their children things, they already got some mathematical assignments bothering them. When they are of age, they can learn Bitcoin or even any other better technology that will be invoked then.

If you don't want your children to lose out of Bitcoin investment, then buy for them and store in a wallet, safety keep for them. When they are of age of handling investments, you hand it over to them, without disturbing them. That will be a better gift than bothering them with the things of bitcoin now.

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May 25, 2023, 04:31:36 PM
 #8

First things should be done first. Teaching children bitcoin is not the best for them at this age because they need to understand the basic things first which his their primary and secondary education. When they are aged,since bitcoin will become more popular than now,they can gain interest on their own to learn it.

By that time when they of age and interested in it,you can teach them whatever they want to know. Help them buy and store it for them and hand it over to them at the right time. Learning bitcoin is all about choice and maturity.

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May 25, 2023, 04:45:35 PM
 #9

Our children will not be as lucky as we are, we have to help them to know about bitcoins on time so they can have some for themselves. We are lucky because we are of age to know and understand what bitcoin is at this time when the value of bitcoins is still expected to increase not like our children who have no idea and it may be too late for them to make any gain from bitcoin when they finally know about bitcoins if you leave them. A good gift any parent can give to their children for their future is to enlighten their children about bitcoins so they have some knowledge about it at an early age and buy some for the children even before they can begin to get for themselves. What do you think?

Why do you say that our children won't be lucky to find out about bitcoin ?
As far as I think they would be more than lucky because bitcoin would have been more established by that time.
So it would be even more easier for them to find out about bitcoin by themselves and buy some for themselves.
Furthermore, we as bitcoiner parents would definitely educate them about it and so nobody would be more luckier than them.

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May 25, 2023, 05:09:56 PM
 #10

You are making me feel special to have been alive in this time where bitcoin is just starting to get more popular, so you are right about your point.

There is no Assurance that by the time my kids comes to this world they will have the opportunity that I have right now that is why I am accumulating more Bitcoin every now and then but you can never tell maybe just maybe something better than bitcoin will come maybe bitcoin will stop being the first on the list in future, nobody knows, so I believe that more opportunity are still coming.

.
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May 25, 2023, 05:14:26 PM
 #11

First things should be done first. Teaching children bitcoin is not the best for them at this age because they need to understand the basic things first which his their primary and secondary education. When they are aged,since bitcoin will become more popular than now,they can gain interest on their own to learn it.

By that time when they of age and interested in it,you can teach them whatever they want to know. Help them buy and store it for them and hand it over to them at the right time. Learning bitcoin is all about choice and maturity.
If it is still an early age then it is not a must for children to learn bitcoin, let him develop first with other education, if he understands his understanding, then we can teach him from the basics and other sectors that make him really learn, but that does not mean buying directly, but Understanding first is more important.

When he grows up, I'm sure he understands and will make the decisions he wants, if he is interested in bitcoin, he will definitely teach himself to do it, whereas if he is not interested, we as parents should not be forced, let him choose what he wants. .

One day I will never force my children to grow up, it will be their choice when they grow up.

R


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May 25, 2023, 05:19:37 PM
 #12

It is not until you teach your children about bitcoin that they will develop the interest for it because some children grow up and have different thing in mind that will take the attention away. In today also not all youth like about bitcoin that is life that you see. Parents can invest into bitcoin for the children if they wish like savings for them that you do in the bank and when the children is adult enough the coin can be handed down so if the children has interest will begin from that point. People that you force in can force out themselves if no interest in it.
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May 25, 2023, 05:36:09 PM
 #13

Our children will not be as lucky as we are, we have to help them to know about bitcoins on time so they can have some for themselves.
Direct the lives of our children in accordance with their era and do not make our ideals now become their ideals later.
I understand that there are good intentions in this topic.
By the way, that's a sentence that I made as a foundation in leading them.

We are lucky because we are of age to know and understand what bitcoin is at this time when the value of bitcoins is still expected to increase not like our children who have no idea and it may be too late for them to make any gain from bitcoin when they finally know about bitcoins if you leave them. A good gift any parent can give to their children for their future is to enlighten their children about bitcoins so they have some knowledge about it at an early age and buy some for the children even before they can begin to get for themselves.
Bitcoin is indeed an extraordinary innovation that was born when we are like now. Maybe when our children are teenagers or grow up that make us old, maybe they will find other innovations that are far greater in organizing future finances.

What do you think?
For me, we need to prepare a plan for them but we cannot force their future to be like us.
Maybe we can teach saving methods so that they are accustomed to slowly.

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May 25, 2023, 05:59:15 PM
 #14

Financial education is one way to help prepare your kids for the future, and it involves a whole lot more than just Bitcoin. Train your kids to understand how money works including fiat, gold, crypto or any other medium of exchange. If they understand the different financial markets they would be able to know how to profit from it and avoid losses.

If you're going to teach your kids about Bitcoin, do not focus on the price and exchange activities. The utility of Bitcoin would be more in demand in the future than now and knowing the basics of how it works would be useful to them.

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May 25, 2023, 06:32:23 PM
 #15

It is not until you teach your children about bitcoin that they will develop the interest for it because some children grow up and have different thing in mind that will take the attention away. In today also not all youth like about bitcoin that is life that you see. Parents can invest into bitcoin for the children if they wish like savings for them that you do in the bank and when the children is adult enough the coin can be handed down so if the children has interest will begin from that point. People that you force in can force out themselves if no interest in it.

People pick different route in life, but also the road step upon by children are mostly shaped or carved by the knowledge they acquire at a younger age or the environment they live in. OP’s idea of teaching his kids about bitcoin isn’t bad but I would just say the education should be based on financial education and not only bitcoin. The children should know how to save, safeguard their funds and how well to spend each them. I believe knowledge like this will definitely lead some towards bitcoin not necessarily till you tell them about it.

Also a parent could just open up a wallet and save some bitcoins in future for the children but all investments shouldn’t be in bitcoin only, there other store of values that it could be diversified to.

More so I don’t think our children will miss out like that on bitcoin, because if we look at the halving period, although 98% of bitcoin will be mined around 2030, it will take the year 2140 before mining of it is stopped which way to long for our children not to Benefit from it, but as they say the early bird catches the morning worms.

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May 25, 2023, 07:07:18 PM
 #16

Our children will not be as lucky as we are, we have to help them to know about bitcoins on time so they can have some for themselves. We are lucky because we are of age to know and understand what bitcoin is at this time when the value of bitcoins is still expected to increase not like our children who have no idea and it may be too late for them to make any gain from bitcoin when they finally know about bitcoins if you leave them.
I'm confident that in the future, adoption of bitcoin will surpass that of it at the moment, but you shouldn't worry about our children being as successful in the cryptocurrency market right now as we were because I'm confident that they will stand to gain more from it than we did. This is because we all think that the price of bitcoin will increase from where it is at the moment and that there may be additional ways to use it and other cryptocurrencies in the future.

A good gift any parent can give to their children for their future is to enlighten their children about bitcoins so they have some knowledge about it at an early age and buy some for the children even before they can begin to get for themselves. What do you think?
Our children will have different futures, so I don't believe it's a good idea to teach them about bitcoin. This is because we can't force anyone to work in the bitcoin industry against their will, and I don't believe that a child can learn everything there is to know about bitcoin. Instead, I believe that they must first learn how to manage their finances and other essential skills.

As you may already be aware, purchasing bitcoin for a child will not be a simple process. If you take family responsibility seriously and consider purchasing some bitcoin for your child, I believe that is a mistake you should not do, especially if your earning potential is low.



R


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May 25, 2023, 07:30:19 PM
 #17

Financial education is one way to help prepare your kids for the future, and it involves a whole lot more than just Bitcoin. Train your kids to understand how money works including fiat, gold, crypto or any other medium of exchange. If they understand the different financial markets they would be able to know how to profit from it and avoid losses.
If you're going to teach your kids about Bitcoin, do not focus on the price and exchange activities. The utility of Bitcoin would be more in demand in the future than now and knowing the basics of how it works would be useful to them.

Teaching children about financial education is absolutely a good move in keeping them abreast of the happenings, innovations and development in the financial world. This would guide them through making good and sound financial decisions in terms of investment and financial trends and it evolves around the world. Teaching them about this at their early age is a smart move because they themselves would be more curious about it and would definitely give in to know more about financial technology.

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SPIN

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nakamura12
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May 25, 2023, 07:48:50 PM
 #18

All you have to do is to let them know that crypto existed and you knew it depends on how long you know about crypto. In that way, you are not forcing your children to invest or give their time spend on crypto. It is much better if you let them decide if they want to be in the crpyto or they choose different path. It is the same in my situation where I didn't even know about crypto and he only told me that crypto existed and explained more about it then he said, it's up to me if I want to learn more or not and then he said that, his part is done and it's up to me if I want to or not and here I am.

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tabas
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May 25, 2023, 08:01:01 PM
 #19

It is inheritance and we all want our children not to suffer from future financial crisis and this has prepared us to think like this. Especially, people that have experienced poverty and have been fortunate to know Bitcoin at an early time and still holding up to this moment. As you have said OP, we can teach and educate them about Bitcoin as early as they can be. But, it's still up to these kids if they'll be interested on what we're teaching them which is anything related to BTC/Blockchain. These young folks have got unpredictable decisions and interest as they grow older but as long as we're able to tell them that there's this great piece of tech and not just a tech but also an asset, a store of value and a way to transfer wealth and that's Bitcoin.

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Rigon
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May 25, 2023, 08:12:40 PM
 #20

We learned about Bitcoin the hard way. Yes it will take much less time to educate our kids about Bitcoin. Since no one helped us learn about Bitcoin, we took the hard work of learning Bitcoin on our own. Then I was able to study here with great difficulty. However, I would not let my child learn about Bitcoin at such a young age. If my child is fit, I will teach him about Bitcoin. Because at this educational age, if Bitcoin is educated in education, his attention to education will decrease. He cannot be a human being. So I think it's not just about me it's every person should educate their children in bitcoin education when they are adults.
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