Parental Guild on Bitcoin

[bayu7adi]

Is buying Bitcoin or cryptocurrency good for Kids?

Not entirely good, as they are not yet able to secure assets like Bitcoin that they hold if they have it. I doubts about it because, to date, there are still numerous cases of wallet hacking that result in significant financial losses for individuals with many ways. The readiness of young people to handle BTC should be a consideration, especially taking into wallet security factors.

How do you teach a kid to secure Bitcoin incase you are not there?

Step by step, we can start from the beginning to teach saving, and children cannot immediately process cryptocurrencies to become their priority. Everything will be gradual, and this method might provide a basic understanding of finances first before delving into the world of Bitcoin.

Should authorities or agencies place age restriction on owning Bitcoin?

No. Even if they want to regulate it, they can't do much to regulate BTC internally.

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[Dr.Bitcoin_Strange]

Few Questions I will like to get you own input on

Is buying Bitcoin or cryptocurrency good for Kids?

How do you teach a kid to secure Bitcoin incase you are not there?

Should authorities or agencies place age restriction on owning Bitcoin?

I will appreciate you immerse contribution to this discussion.

OP, do you think it is wise to invest for the future of your children? If you say yes, then it is also wise and good if you can buy some bitcoin, which you can will to your children in the future.

There are some rich people who invest millions of dollars into different profitable projects, and some of them make those investments in the name of their children. There is nothing wrong with doing that, but some people who are lovers of Bitcoin would also invest millions of dollars into Bitcoin for their kids, and there is nothing bad about that.

Talking about age restrictions, does investing have to do with that? Normally, a kid under 5 years old cannot invest on their own; it's usually their parents that can do that for them. For kids over 16 years old, they can possibly invest in Bitcoin by themselves with some pocket money they might have gotten from their parents. Bitcoin is not centralized, so there is no age restriction that can or should be placed on it.

Teaching children to secure their investment, either Bitcoin or any other investment, is quite simple. Once your kids are of the age to handle the knowledge of investment and security, you can teach them whatever is necessary, and they will learn.

[kryptqnick]

Bitcoin is a type of currency, and children should learn to manage money. Of course, it would be extremely unwise to give a child access to big amounts of money, and in an event of loss of that money, I think the blame should be on the parent.
But making a fresh Electrum wallet for a child, teaching a child (a young teenager, I'd say) to store a passphrase, to send money and generate a Bitcoin address is a good idea. There shouldn't be any significant money there in case a child makes a mistake and the money's gone, but I don't see harm in, say, $10 being there, under the kid's control. As for centralized exchanges, I believe they're 18+ to not dive into the differences of legislation in different countries.

[Die_empty]

Is buying Bitcoin or cryptocurrency good for Kids?

Bitcoin is a currency and also an investment. Just as people invest in real estate, gold, stock or even cash for their children, one can decide to hodl Bitcoin for children because the price could appreciate as the children grow older. Bitcoin has proved to be a profitable investment, which means it will not be a bad idea to keep some for future generations.

How do you teach a kid to secure Bitcoin incase you are not there?

Children shouldn't be introduced to Bitcoin at a tender age because it could be risky. At this age, they might not know the importance of their seed phrase or password. They might easily give this important information to scammers due to ignorance. But as they grow to become adults they will have the knowledge and ability to operate and secure wallets.

Should authorities or agencies place age restriction on owning Bitcoin?

There should be no restrictions on using Bitcoin as a currency. I am sure there are no restrictions on children from using fiat money. As much as they can effectively carry out transactions in the Bitcoin network, they shouldn't be restricted.  But when it comes to investing in the sector, children should be mature enough to understand the business of Bitcoin. Investing in the sector requires a certain level of financial maturity.

[albon]

Few Questions I would like to get you own input on

Is buying Bitcoin or cryptocurrency good for Kids?

How do you teach a kid to secure Bitcoin in case you are not there?

Should authorities or agencies place age restriction on owning Bitcoin?

1- I don't think buying Bitcoin is suitable for kids who are still in the early years of their lives and whose cognitive processes lack awareness, consciousness, and the ability to maintain a sequence of thoughts in their minds. Those who buy Bitcoin should be adults, mentally open, and equipped with sufficient experience and necessary information to secure their own Bitcoin.

2- It doesn't seem prudent to have my Bitcoin holdings in the possession of my kid, and he is the one securing it in my absence. This task can only be entrusted to another mature and trustworthy person, preferably from my family circle. My child can take on this responsibility when he acquires greater awareness and matures. I attempt to teach him through simplified methods that align with his cognitive and understanding abilities.

3- Bitcoin is a decentralized currency with no authorities that can control the Bitcoins you hold or know whether you are a child or an adult. In addition, this is the sole responsibility of the parents.

[Yatsan]

Bitcoin is a type of currency, and children should learn to manage money. Of course, it would be extremely unwise to give a child access to big amounts of money, and in an event of loss of that money, I think the blame should be on the parent.
But making a fresh Electrum wallet for a child, teaching a child (a young teenager, I'd say) to store a passphrase, to send money and generate a Bitcoin address is a good idea. There shouldn't be any significant money there in case a child makes a mistake and the money's gone, but I don't see harm in, say, $10 being there, under the kid's control. As for centralized exchanges, I believe they're 18+ to not dive into the differences of legislation in different countries.

The idea is to tech the young ones about this industry at an early age however, we should take appropriateness be considered in these instances. Bitcoin and this industry are profitable and advantageous however if the child still has not that much of interest then never pushed them to something they do not prefer 'coz it could result to confusion and fade of interest in some instances.With age restriction, as long as the child knows what he is doing. I'd say things do take time to all of us. Guide as well is different from mandating the younger generation to walk on the roads they talked. Sometimes we are just getting too hype.

[RioBlemz]

Few Questions I would like to get you own input on

Is buying Bitcoin or cryptocurrency good for Kids?

How do you teach a kid to secure Bitcoin in case you are not there?

Should authorities or agencies place age restriction on owning Bitcoin?

1- I don't think buying Bitcoin is suitable for kids who are still in the early years of their lives and whose cognitive processes lack awareness, consciousness, and the ability to maintain a sequence of thoughts in their minds. Those who buy Bitcoin should be adults, mentally open, and equipped with sufficient experience and necessary information to secure their own Bitcoin.

2- It doesn't seem prudent to have my Bitcoin holdings in the possession of my kid, and he is the one securing it in my absence. This task can only be entrusted to another mature and trustworthy person, preferably from my family circle. My child can take on this responsibility when he acquires greater awareness and matures. I attempt to teach him through simplified methods that align with his cognitive and understanding abilities.

3- Bitcoin is a decentralized currency with no authorities that can control the Bitcoins you hold or know whether you are a child or an adult. In addition, this is the sole responsibility of the parents.

If a child can operate an android device properly, play video game, use communication gadget, use different computerize device etc. why will I not introduce them gradually to Bitcoin. Digital currency is the future and should I not be responsible enough to start channeling them gradually to that direction. I don't agree completely that kid cognitive processes lack awareness, consciousness, and the ability to maintain a sequence of thoughts in their minds.
Note: It is in record that Tiger Woods turn Professional Golfer at 20 but was expose to golf at child hood.

I do not suggest that you should have your Bitcoin holdings in the possession of your kids. I wrote on the possibility, advantage and the need for a child to own Bitcoin. Although still trying to put in place parameters to avoid risk and other vices.

I agree with you when you say that it is a sole responsibility of Parents.

[m2017]

Is buying Bitcoin or cryptocurrency good for Kids?

Definitely, yes. It's like a savings deposit for your children's future. Like for college tuition or something like that.

How do you teach a kid to secure Bitcoin incase you are not there?

Provide (in advance) them with detailed step-by-step instructions or is your internet broken?

Should authorities or agencies place age restriction on owning Bitcoin?

What other restrictions would you suggest they implement for owning the bitcoin? By skin color, gender or wallet thickness?  

They have nothing to do with the bitcoin. Btcoin is the property of humanity, to which everyone has access without any restrictions and no one has the right to voice the conditions of ownership of this asset.

[KiaKia]

Leave the kids out of Bitcoin investment mate, Kids are supposed to be in the garden playing balls and watching power rangers, not trading Bitcoin, do you have a idea how complicated it is to operate a crypto exchange as a beginner?

I can remember the first time I came across a crypto exchange, I was staring at the charts for multiple minutes with no clue about what I should do, I can't even use the platform right, I also have a friend who mistakenly sold his Bitcoin for way lesser price, lower than the present value back then, all because he failed to wait for me to show him how its done.

Kids should stay away from things like this, until they are up to the stage and also have the right knowledge to operate an exchange and a Bitcoin wallet, they are better off living as a kid.

[348Judah]

Parental Guild on Bitcoin

I have observe that there is no parental guide to buying and selling of Bitcoin. However, some central exchangers do put age restriction if you want to buy/sell digital currencies and some do not see the need to do so.

This is not to be considered the moment a user is trying to buy or sell bitcoin, right from the point of making registration they would have taken any control measures if they are that concerned about age limit, also, i don't think making such consideration is going to be the exchange profitable decision because they will want everyone to have a means of using their platform for both sell or buy as long as they were ok with their KYC verification procedures.

[Natsuu]

Few Questions I will like to get you own input on

Is buying Bitcoin or cryptocurrency good for Kids?

Buy crypto for your kids. I think thats better. The crypto scene is somehow complicated even to newbies so better stick to something more kid-friendly for now.

How do you teach a kid to secure Bitcoin incase you are not there?

Im confused. When you say kids you mean those not in legal age yet. If you mean kids like children but can decide on their own, well keep it simple. Start with the basics like private keys and wallets. Emphasize the importance of not sharing this info.

Should authorities or agencies place age restriction on owning Bitcoin?

I dont think this is necessary since bitcoin is decentralized so its not controlled by any central authority or government. But maybe discussions about age restrictions usually focus on exchanges and platforms where individuals can buy or trade Bitcoin, which might involve centralized entities adhering to regulationsThat needs a guardian or a parent first to guide their children especially young minds if they already own bitcoin. .

[btc78]

Is buying Bitcoin or cryptocurrency good for Kids?

i think teaching them a healthy approach and relationship with money is good whether that’s fiat or cryptocurrency

How do you teach a kid to secure Bitcoin incase you are not there?

start by teaching them the importance of money and being secured financially but do not pressure them too much as they might lose interest if given too much pressure

Should authorities or agencies place age restriction on owning Bitcoin?

cex have kyc so they definitely have age restrictions already but i don’t think there should be age restriction in btc anyone could start investing at any age so it seems unfair to have age restriction

[Viscore]

Bitcoin is a type of currency, and children should learn to manage money. Of course, it would be extremely unwise to give a child access to big amounts of money, and in an event of loss of that money, I think the blame should be on the parent.
But making a fresh Electrum wallet for a child, teaching a child (a young teenager, I'd say) to store a passphrase, to send money and generate a Bitcoin address is a good idea. There shouldn't be any significant money there in case a child makes a mistake and the money's gone, but I don't see harm in, say, $10 being there, under the kid's control. As for centralized exchanges, I believe they're 18+ to not dive into the differences of legislation in different countries.

The idea is to tech the young ones about this industry at an early age however, we should take appropriateness be considered in these instances. Bitcoin and this industry are profitable and advantageous however if the child still has not that much of interest then never pushed them to something they do not prefer 'coz it could result to confusion and fade of interest in some instances.With age restriction, as long as the child knows what he is doing. I'd say things do take time to all of us. Guide as well is different from mandating the younger generation to walk on the roads they talked. Sometimes we are just getting too hype.

Sometimes, the things we do to our kids are not exactly the things they want to do, but the things we want for them to do. Most probably the reason why these kids are only good at the beginning and then later on, their interest easily fades away because it's not really their own interest but it's from us. Bitcoin is the future, that's why we want to take every opportunity to teach our kids as early as possible. But we should also see to it that they are matured enough to understand bitcoin, and not because they are just forced to do it because we want so.

However, everything about bitcoin has its perfect timing, when to be taught, when to be taken risk, and when to reap the profits in it. Parents guidance is a must, otherwise all these things will be absorb incorrectly by our kids, losing the opportunity to see the bright future that bitcoin could bring.

[GeorgeJohn]

Bitcoin is a type of currency, and children should learn to manage money. Of course, it would be extremely unwise to give a child access to big amounts of money, and in an event of loss of that money, I think the blame should be on the parent.
But making a fresh Electrum wallet for a child, teaching a child (a young teenager, I'd say) to store a passphrase, to send money and generate a Bitcoin address is a good idea. There shouldn't be any significant money there in case a child makes a mistake and the money's gone, but I don't see harm in, say, $10 being there, under the kid's control. As for centralized exchanges, I believe they're 18+ to not dive into the differences of legislation in different countries.

In a normal circumstances we have to teach our children cryptocurrency especially bitcoin and teaching your children bitcoin, it should be the ones that have passion on bitcoin, its nice that we are not supposed to force our kids to learn bitcoin, from my own perspective it's unwise from my understanding.

Even though your children agree to learn bitcoin I think their is some certain secrets in bitcoin savings that we are to supposed to share with our children we are teaching bitcoin because of security purposes, like now I want us to know that wallet should be the most important thing we should teach our children and from my knowledge and understanding, we are not supposed to let our child to know a our seed phrase or a seed phrase that contains the wallet he or her bitcoin is, because of security purposes, teach them the difference between centralization and decentralization of bitcoin properly to comprehend.

[hatshepsut93]

Is buying Bitcoin or cryptocurrency good for Kids?

Remember that Bitcoin wants everyone to be their own bank. Should kids be their own bank? Even many adults don't have what it takes to be one.

How do you teach a kid to secure Bitcoin incase you are not there?

I would never trust a child with a Bitcoin wallet, there's so many things that can go wrong - they could send it to scammers or buy something illegal with it, they could download malware on their device and lose the coins to it and so on. It's hard to teach proper security even to an adult, it's much harder with children who have no life experience.

Should authorities or agencies place age restriction on owning Bitcoin?

It would be impossible to enforce, but they probably shouldn't allow regulated entities to sell Bitcoin to children up to a certain age, maybe 14 y.o.

[TimeTeller]

Bitcoin is a type of currency, and children should learn to manage money. Of course, it would be extremely unwise to give a child access to big amounts of money, and in an event of loss of that money, I think the blame should be on the parent.
But making a fresh Electrum wallet for a child, teaching a child (a young teenager, I'd say) to store a passphrase, to send money and generate a Bitcoin address is a good idea. There shouldn't be any significant money there in case a child makes a mistake and the money's gone, but I don't see harm in, say, $10 being there, under the kid's control. As for centralized exchanges, I believe they're 18+ to not dive into the differences of legislation in different countries.

In a normal circumstances we have to teach our children cryptocurrency especially bitcoin and teaching your children bitcoin, it should be the ones that have passion on bitcoin, its nice that we are not supposed to force our kids to learn bitcoin, from my own perspective it's unwise from my understanding.

Even though your children agree to learn bitcoin I think their is some certain secrets in bitcoin savings that we are to supposed to share with our children we are teaching bitcoin because of security purposes, like now I want us to know that wallet should be the most important thing we should teach our children and from my knowledge and understanding, we are not supposed to let our child to know a our seed phrase or a seed phrase that contains the wallet he or her bitcoin is, because of security purposes, teach them the difference between centralization and decentralization of bitcoin properly to comprehend.

There's a possibility that a kid can learn on how this market works.
Because there are really intelligent kids who can understand complex ideas and transactions.
Just like most adults who are into crypto, we also learn from scratch and so are kids.
Sometimes they are easy to teach as they have curious minds and they are more patient in learning.

[synchronym]

Those of us who work on Bitcoin have acquired knowledge about Bitcoin through someone or the other. Some may have learned it from their family, some may have learned it through their friends, and so on. Now again there are various youtube ideas about Bitcoin. But as Bitcoin parents we can teach our children Bitcoin. Because the popularity of Bitcoin is increasing day by day, the demand for Bitcoin is also increasing. So we can do this as parents. We can teach our children or close relatives about this work.

[komisariatku]

Is buying Bitcoin or cryptocurrency good for Kids?

How do you teach a kid to secure Bitcoin incase you are not there?

Should authorities or agencies place age restriction on owning Bitcoin?

Regardless of whether it is good or not, children usually don't care much about investing, so there is no urgency to allow children to buy bitcoin. Apart from that, the 18 year limit is good enough.

I think it is very important to limit bitcoin purchases because bitcoin has high risks. This limit is implemented so that people who buy Bitcoin are considered adults and can be responsible for their decisions. Usually the government sets a limit of between 17 or 18 years

[Essential10]

Is buying Bitcoin or cryptocurrency good for Kids?

How do you teach a kid to secure Bitcoin incase you are not there?

Should authorities or agencies place age restriction on owning Bitcoin?

I will appreciate you immerse contribution to this discussion.

While it may be tempting for kids to buy Bitcoin as a way to secure their future, it's important to be age-appropriate. When it comes to securing Bitcoin wallets, cyber security and keeping their wallet information safe, using strong passwords, enabling two-factor authentication and avoiding sharing wallet details with anyone else. Most reputable cryptocurrency exchanges have strict Know Your Customer (KYC) policies, which require users to verify their identity by submitting valid identification documents. Age restrictions prohibit children from participating in this exchange. Rather than directly involving children in bitcoin investing, teaching them about saving and responsible spending will give them a solid foundation for future financial decision-making.

[Xampeuu]

Is buying Bitcoin or cryptocurrency good for Kids?

How do you teach a kid to secure Bitcoin incase you are not there?

Should authorities or agencies place age restriction on owning Bitcoin?

Regardless of whether it is good or not, children usually don't care much about investing, so there is no urgency to allow children to buy bitcoin. Apart from that, the 18 year limit is good enough.

I think it is very important to limit bitcoin purchases because bitcoin has high risks. This limit is implemented so that people who buy Bitcoin are considered adults and can be responsible for their decisions. Usually the government sets a limit of between 17 or 18 years

Bitcoin fluctuations are related to a person's mentality, if it does not match expectations then it could actually result in depression which is difficult to cure, because many of them have economic difficulties and their last hope is investing in Bitcoin, but in the end it does not match their desired expectations, so instead solves the problem, but adds to the existing problem. Therefore, the age of maturity is appropriate to start in the Bitcoin field, and of course it must be based on sound knowledge