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Author Topic: A good way to help our children.  (Read 970 times)
GiftedMAN
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May 29, 2023, 08:31:08 PM
 #61

Giving our children bitcoin as a gift may not be the best thing to do now but giving them the enlightenment and them having knowledge of what bitcoin is, the value it has, the security aspect of it, how decentralised it is and how the market price runs can be the best knowledge they should how now before you think of them owing bitcoin. It's never late too late for anyone to have bitcoin the most important thing is that bitcoin will remain forever and our children will have time to invest when they have good knowledge and are matured enough to make decisions for themselves remember bitcoin investment should be a personal decision for anyone who wishes to invest.

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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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May 29, 2023, 09:06:13 PM
 #62

Everything I do now that makes money is for the future of my children and family. Including investment, of course this is for the future of all. I would not give bitcoin directly to children for any reason, but all the investments I have right now are in them and their future. Maybe all parents think the same thing to make their family and children happy, that's what I'm thinking right now.

There will be a good time for them to enjoy the results of my investment in bitcoin, but not now though I am responsible for meeting their needs at all times. In the next few years, I hope this investment is useful for me and my family, so I will prepare well.

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May 30, 2023, 10:56:49 AM
 #63

Introducing our children to Bitcoin at an early age and gifting them can be a valuable investment for their future. It is important to educate them about its benefits, teach responsible investment, and encourage financial literacy. By doing so, we can help them more effectively navigate the changing financial landscape.
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May 30, 2023, 02:36:59 PM
 #64

You want to educate your kids about Bitcoin, it sounds so good. But don't force them to be the way you want them to be because it will damage or interfere with their mental health. Avoid authoritarian parenting, let them choose their own path. When they are teenagers or adults, they will know Bitcoin more than you expect.

If you want to pass on some of your wealth to your children in the form of Bitcoin, they will be happy with the gift you give. You can teach them how to use Bitcoin slowly, when your child feels interested in the technology you are teaching, they will try to learn Bitcoin on their own.

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May 30, 2023, 04:07:10 PM
 #65

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?
The fact that we continue to see Bitcoin as the future of digital currencies, including the believe that the fiat may later fade out completely. I think it is essential to enlighten and teach our children the basics of how the Bitcoin technology works. But, let this be for EDUCATIONAL purposes only. Reasons are that children cannot take the same risk as we do and engaging them in the trade as early could give them HBP, and it will take them a little more time to understand.

Meanwhile, we can create wallets on their behalf and invest in it, in what I would say, is the beginning of their lifetime investment and insurance but not for the sake of trading, persay.

When the child later grows to become an adult, you can then advise them to start trading and do more investment at their own very choice, which you have given them the background understanding (including the risks) of the market.

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May 30, 2023, 09:30:51 PM
 #66

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?
Educating our children is not a problem but only when they are interested too. Because even if young children are eager to learn, but we can’t expect for them to absorb everything we are teaching especially if those topics are too hard for them to understand and connect themselves. That’s the reason why we only have to teach them when they’re mature enough and when they are showing interest on bitcoin and cryptocurrency market. Otherwise, we have to let them decide on their own selves on what path they want to take, than passing to them our legacy in bitcoin.

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May 30, 2023, 10:41:45 PM
 #67

I don't agree with you. Because we found it hard on our own. We didn't have anyone to teach us. Now bitcointalk is a nice forum to learn. Again we know something that we can show our children. So they can learn more from us very easily. .

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May 30, 2023, 11:24:49 PM
 #68

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?

Or better still make enough riches now so your children won't have to be saving Bitcoin to get rich themselves instead they'll just be spending the ones they inherited from their parents since probably Bitcoin would be a globally accepted currency by that time your children can stand spending money. Obvious you'll teach them what you know and how to invest in the market with other new knowledge as they come out. You'll lectures them and make them enjoy investment and then they can expend your fortune to other businesses that at the end they'll be accepting Bitcoin to home with the adoption.

Our child will still profits from buying Bitcoin though because Bitcoin in years to come by will always give profits to do those who trust it and have the patience to wait. Bitcoin will still be volatile by then and they can buy low and sell high and with the amount of money you would have left for them, the can buy Bitcoin in more larger quantities and hold for bull market to come by so they sell and make profits.

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May 31, 2023, 03:14:21 AM
 #69

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.
Well, it's a good thing that we teach our children anything that we know not only on Bitcoin, but in investing in general. On the other hand, it's good to think as well that if the child doesn't want it, don't force him/her to get involved into it.

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 disagree with the bolded text. So you mean that our children in the future might not make any gain from Bitcoin because it's might be high at that time? You mean that if I have a children when the price of Bitcoin is $100,000, it will stay at that price, and will not go up anymore? They can still make gains from Bitcoin as long as the price of it goes up.

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?
Teaching our children about Bitcoin is a good gift, but it isn't only the good gift that we parents can share to them.
You can never go wrong with knowledge indeed, but it would be better to teach our children with regards to investing in general, and not only Bitcoins. Teach them the do's and don'ts in investing. Teach them the must follow tips and tricks that will help them not get scammed. Teach them everything that you know in order for them to be a successful investor in the future. Don't teach them only Bitcoin. Teach them the fundamentals.

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May 31, 2023, 01:22:35 PM
 #70

It is good that we are teaching our children to have financial awareness as long as they are young so when it comes to the future they know how to handle the money properly and not being dependent to us as a parent in the future, if you want to give them a bitcoin during their growing stage seems teach them what I've said above because if not for sure once they know the value of it they will immediately sell those funds in the market so they can spend on their wants not for their needs. Accumulate as possible, teach them for their sake at the same time.

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May 31, 2023, 01:40:54 PM
 #71

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.
Well, it's a good thing that we teach our children anything that we know not only on Bitcoin, but in investing in general. On the other hand, it's good to think as well that if the child doesn't want it, don't force him/her to get involved into it.

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 disagree with the bolded text. So you mean that our children in the future might not make any gain from Bitcoin because it's might be high at that time? You mean that if I have a children when the price of Bitcoin is $100,000, it will stay at that price, and will not go up anymore? They can still make gains from Bitcoin as long as the price of it goes up.

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?
Teaching our children about Bitcoin is a good gift, but it isn't only the good gift that we parents can share to them.
You can never go wrong with knowledge indeed, but it would be better to teach our children with regards to investing in general, and not only Bitcoins. Teach them the do's and don'ts in investing. Teach them the must follow tips and tricks that will help them not get scammed. Teach them everything that you know in order for them to be a successful investor in the future. Don't teach them only Bitcoin. Teach them the fundamentals.

Knowledge is power so what we need to teach our children first is knowledge and we want to give them a bitcoins then they must know first what they want to know for example we need to teach them first about Trading control delf control and focus on the goal because if we directly give an a bitcoin without knowledge then for sure they don't have a patient and sell their bitcoin for their wants like traveling, gadgets, dress and manymore. So we need to give them knowledge  first .

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May 31, 2023, 05:32:27 PM
 #72

Knowledge is power so what we need to teach our children first is knowledge and we want to give them a bitcoins then they must know first what they want to know for example we need to teach them first about Trading control delf control and focus on the goal because if we directly give an a bitcoin without knowledge then for sure they don't have a patient and sell their bitcoin for their wants like traveling, gadgets, dress and manymore. So we need to give them knowledge  first .
We can provide basic knowledge to our children about bitcoin, if they are not interested then don't force them to know about bitcoin but give them the freedom to choose their goals, because one day they will definitely be interested in bitcoin and will learn about it in various ways. articles, they are the next generation will grow kirpto market progress and they will innovate for wider use of crypto assets.


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May 31, 2023, 07:29:25 PM
 #73

A good investment for any child should having some bitcoin in store for the kids and just as it us important to enlighten them from now, so it is very important to help accumulate more coin for them from now before they're of age to handle it themselves.
There are cases of parents saving up money in the banks for their kids and though that's bad, but I will rather recommend  saving and investing in bitcoin  since its a very long term investment for the kids.

Op rather than boring the kids with things they wouldn't  easily assimilate, I think  we should invest for them and when they're  of age and ready, the knowledge  can easily be passed onto them by them.

R


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Outhue
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June 01, 2023, 05:49:49 AM
 #74

Bitcoin should be a part of your kid's future but not the main one, do not make the mistake of forcing Bitcoin on your children, Satoshi has invented the best digital currency, and your kids should be one of those that will invent something new for the future, because Blockchain technology may expand bigger and better in future or become the thing of the past, no one knows for sure.

Let your children have their ways in life, and as a parent always support them in everything they do, my late father always wanted me to be a writer but I never pursued the path and yet he doesn't make me feel like I was on the wrong path, he was on of a kind.

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SPIN

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Vaculin
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June 01, 2023, 09:57:47 PM
 #75

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?
Parents want only the best for their children so we will do everything to give them a bright future. But I believe by making them educated on bitcoin in the first place is the best legacy that we can pass on. Instead of providing them some bitcoin for their future, it’s best if we can also share with them how to accumulate bitcoin so that they will know what to do in case we’ll not be around anymore.
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June 01, 2023, 10:25:09 PM
 #76

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.
The age range would have been more preferred to the word children, If the age range was specific it would have been easy to say if it will be a nice idea introducing them or it will be too early. Personally from infanthood i will simply design the kids room with basic coins and a few simple crypto slangs like FUD, FOMO, HODL make them colourful and eye catchy without definition.

Diving deep should be when the have reached teenage age, by then the should have mastered the key words in their rooms and the hunger to know what those words means must have ignited in them. Reasons been that it is more easier teaching someone who is eager and already has an idea of the subject matter than introducing it as a fresh topic.
Rockstarguy
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June 02, 2023, 11:05:35 AM
 #77

Giving our children bitcoin as a gift may not be the best thing to do now but giving them the enlightenment and them having knowledge of what bitcoin is, the value it has, the security aspect of it, how decentralised it is and how the market price runs can be the best knowledge they should how now before you think of them owing bitcoin. It's never late too late for anyone to have bitcoin the most important thing is that bitcoin will remain forever and our children will have time to invest when they have good knowledge and are matured enough to make decisions for themselves remember bitcoin investment should be a personal decision for anyone who wishes to invest.
Giving children bitcoin as gift is not a bad one but the age at which to be given that is what matters, children that are under age don't need bitcoin because they are not matured enough to keep it safe. What children needs to understand well is to know what wallet will be good for bitcoin and the best way to store the seed phrase, by the time all this have been introduced to them by the time they get to the age of investing , they will not have problems because they already know the importance things which they suppose to know.

R


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June 02, 2023, 01:34:34 PM
 #78

What do you think?
The reasons below, prevented me from teaching Bitcoin to my children, early on, for me too early and early.

Quote
cryptocurrency trading poses significant risks to children especially when they are unsupervised. Aside from the general risks such as volatile prices and attacks by hackers on blockchain networks, there are certain dangers that children specifically need protection from.

Because I don't have time to supervise them, of course I can't teach them about Bitcoin for now, children for me knowledge at school is very important, instead of having to teach them about Bitcoin.

R


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June 02, 2023, 02:17:59 PM
 #79

We as parents, of course, will give the best for our children in the future.. maybe by teaching bitcoin to them so that they add investment knowledge it won't be successful
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June 02, 2023, 05:51:11 PM
 #80


Giving children bitcoin as gift is not a bad one but the age at which to be given that is what matters, children that are under age don't need bitcoin because they are not matured enough to keep it safe. What children needs to understand well is to know what wallet will be good for bitcoin and the best way to store the seed phrase, by the time all this have been introduced to them by the time they get to the age of investing , they will not have problems because they already know the importance things which they suppose to know.


I absolutely concur with your suggestion that we educate our kids through a variety of approaches.. We also have to pay attention to the practical skill while meeting their mindset and age regarding their intellectual level and requirement. Teaching children about Bitcoin and cryptocurrencies can be a valuable educational experience while they are attracted or interested in. The decision to introduce children to complex financial concepts like Bitcoin should consider their age and understanding, this will increase their technical thinking, trading awareness and financial literacy.  However, it's important to approach teaching children about Bitcoin with caution and age-appropriate content. Overall, teaching children about Bitcoin can be a valuable educational experience.

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