Parental Guild on Bitcoin

[bluebit25]

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.

Similar to the way the OP is looking at the Bitcoin problem as the cause of all problems, this is also pointing the blame in one direction, seeking support for bitcoin. Please understand that the problem appears to have been created by humans. With bitcoin, let's be more realistic about how it has developed and is developing?, how it affects your life?... I think you can find some issues not worth considering, and don't try to talk to the next generation about the future, let things happen naturally, because this life has many other issues that we need to learn about, and the cryptocurrency field, personally, I need enough basic foundations for understanding life before analyzing it further. Returning to the topic, I consider the issue of human responsibility and ethics to be promoted at all ages, before talking about tools, fields, etc. in life so that we can adapt to them.

[ABCbits]

--snip--

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.

But don't forget those require less responsibility. For example, if you forget password of social media, you could just ask to reset password. But Bitcoin require higher degree of responsibility and there's no "undo button" when you make mistake.

Is buying Bitcoin or cryptocurrency good for Kids?

Yes, assuming they're being responsible with fiat money and aware of risks of owning cryptocurrency (primarily unstable price).

Should authorities or agencies place age restriction on owning Bitcoin?

No, especially because kid is legally allowed to own money and even have opening bank account (usually with some supervision or feature limitation)

[Baki202]

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.

When I saw the topic, was wondering how many parents have actually guided their children, mostly the one i know that occurs frequently is that of friends introducing bitcoin to their friends and they like to carry their friends along, and from their they start learning some things  on their own since the internet holds a lot of information in it. Because a lot of people will pick interest the little they have learned. But a lot of parent still don't want the idea of bitcoin just that they don't have the power to stop it and all this is because they don't have knowledge on it of not bitcoin is interesting very interesting.

[yazher]

It's really hard to make such a guide for them to understand the concept of bitcoins and financial freedom because they are focused on some things that have more benefits to them when they are still young. I think when they can distinguish the things they want and need, this information will be helpful to them if ever some people will create such things in the future because other kids are also mature when it comes to knowledge and they want to acquire it as soon as they know about it or heard about it from their families or friends.

[Latviand]

Is buying Bitcoin or cryptocurrency good for Kids?

It's a good thing, bitcoin is an investment and you are supposed to put some money for your kids and what better way for them to have a savings than having their own bitcoin, the way that bitcoin appreciates is something that any parents should look out for in terms of creating a savings for their kids. @LoyceV got a donation link for his kids in his other account if I recall so the only caveat is that the kids don't have to handle bitcoin right now when they're young.

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

I don't think that it's something that they have to worry about to be honest, I feel like bitcoin security or even the introduction to it should be around the time that they can independently navigate computers, a little here and there lessons in cyber safety could go a long way but putting them straight up when they should be playing or doing kid stuff.

Should authorities or agencies place age restriction on owning Bitcoin?

If it's me, it's not the right thing to do but we can see why they want to put some restrictions, it involves money after all and it also helps that there's no way that an incident where a kid accidentally trades or gives away bitcoins if there are restrictions.

[Jegileman]

Is buying Bitcoin or cryptocurrency good for Kids?

There is no age restriction to buying of bitcoin, so buying for kids is no problem, just like saving your money in bank for kids for future purpose. As it is a monetary value, there shouldn’t be age restriction to the ones owning it.

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

I will first teach them the basic security of privacy and safety, safeguarding their seed phrase should be the optimus priority they should know. They have to get to a certain age before I will release the seed phrase to them, so that they’ll be knowledgeable enough to know the implications of letting that secret seed phrase out.

Should authorities or agencies place age restriction on owning Bitcoin?

No, they shouldn’t be age restrictions as they’re none when saving money in the bank. If the kids know the implication of owning bitcoin or the parents buying it for them also knows the implication, then no restrictions should be placed on them.

[rodskee]

Parental Guild on Bitcoin


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.

It is always best for our kids to have bitcoin because it is for their future but at least
consider buying and keeping them safe for a while and then try teaching them little by little about bitcoin and how this
can help them in the future.

Kids should learn this but of course about what their little brain can absorb first.

putting age restriction to own bitcoin is sounds stupid to me , what is the sense of
Decentralization and anonymity when the government may put restrictions? i don't think that is necessary .

[Aanuoluwatofunmi]

Is buying Bitcoin or cryptocurrency good for Kids?

Yes because bitcoin is for everyone, it is made for both young and old ones, a child can have it as an inheritance from his parents when they Invested on it and hold to a certain time they feels the child could take hold of the currency.

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

Use any means to make sure they understand it, this also has to go with their own decisions as well on wether to accept bitcoin adoption or not after you might have helped in getting them exposed to it.

Should authorities or agencies place age restriction on owning Bitcoin?

No, and even if they wish, they can't because it's a decentralized digital currency that uses p2p network on blockchain.

[Plaguedeath]

Why it's always related to inheritance? when everyday you live with your kids and watching them to grow are way more important?

I try to become better everyday, invest my money and make sure I will not face any financial difficulty now or in the future. But inheritance is just a bonus if you have more money to give to your kids, that's not always a thing that every kids' needs.

[Kaliandra]

Nowadays, times are increasingly advanced and assets of wealth are now not just seen from companies, gold or land, but now in the digital era, Bitcoin can also be called a very valuable asset, because the price of Bitcoin is high and has the potential to continue to rise in price in the future.

So, as a parent, of course can buy BTC for children, but in my opinion, if the child is not yet an adult, the Bitcoin must be held by his parents, because most exchanges require KYC identity and of course they are adults, such as 18 years old.

So in my opinion there is no harm in buying BTC for children as long as the assets are held by their parents because usually children will be busy playing so I think in this case the role of parents is really needed. In my opinion, young children investing in BTC is very good because their future is still long, so by investing in BTC, of ​​course they will have the potential to get big profits in the future. Applying an age limit on people who will invest in BTC, of ​​course the ones who deserve to answer this question are government officials because only the government knows what's best for that.

[jrrsparkles]

@jrrsparkles, and @Churchillvv, their is no age restriction for buying bitcoin. AFAIK, if you have the money to buy bitcoin, you can buy it no matter the age that you are. All you need is just to know how, and for centralized exchange is not the only means to buy bitcoin, infact it's not even a safe means to acquire a privacy coin. There are Dex, F2F trade and other forms of acquiring bitcoin which will not require you to pass KYC. 
 

Assuming a kid with money then the only possible way is to buy via a platform and every platform requires KYC where you need to deposit the fiat money from a bank account exchanges clearly say only 18 years or above are allowed to use their service all sums they can't buy it but if they got bitcoin in other way means then its their money and they can use it as their wish just like their fiat money.

[YOSHIE]

Few Questions I will like to get you own input on

Is buying Bitcoin or cryptocurrency good for Kids?

Can you name children in the age categories that have been determined, 15 years and under are still children, because they are still in education, So my understanding is that if you are talking about children aged 10-15 years, perhaps Bitcoin is the best solution for you to introduce, while they understand how to operate a laptop/Android.

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

Just like you use it and keep it safe, only you are not with your child, but what you do shows him.

Should authorities or agencies place age restriction on owning Bitcoin?

I don't think it's necessary, as I said in the first point, as long as they can afford it, what's the harm, Bitcoin can be used by everyone.

I hope you understand what I said above.

[Bananington]

Few Questions I will like to get you own input on

Is buying Bitcoin or cryptocurrency good for Kids?

Can you name children in the age categories that have been determined, 15 years and under are still children, because they are still in education, So my understanding is that if you are talking about children aged 10-15 years, perhaps Bitcoin is the best solution for you to introduce, while they understand how to operate a laptop/Android.

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

Just like you use it and keep it safe, only you are not with your child, but what you do shows him.

Should authorities or agencies place age restriction on owning Bitcoin?

I don't think it's necessary, as I said in the first point, as long as they can afford it, what's the harm, Bitcoin can be used by everyone.

I hope you understand what I said above.

BTC is money just as regular fait is, and any parent that thinks it wise to introduce their kids early to its concept and ideology is doing very to secure the future of their kids. This is how poverty is fought because parents get to inculcate good financial habits that would be of immerse value to these kids when they start needing their own money to spend.
Besides the restrictions I know about in many countries of whom do not like the idea of BTC or try to discourage their citizens from investing in it, I am yet to hear or read stories of age restriction being placed on owning cryptocurrencies.

Parents only need to teach and be a good example to their kids so they have a better financial future, rather than spoon feed these kids until adulthood and then expect them to Carter for their every needs as well as sponsor whatever dreams they do hold dear.

[dezoel]

A parent doesn't need to teach a kid about Bitcoin or how the kid can secure their assets because these are things that are totally out of the understanding of a child and one shouldn't put these things in front of them and force them to understand because it will only confuse them and nothing else. If a parent buys Bitcoin for their children so that the children can access them in the future, they can secure them for the children and find a way to let the children know once they are old enough even if the parents aren't around anymore.

It's never a viable solution to have children understand everything when they are still too young even to learn about finances and money management because these things are only to be learned after a certain age, an age at which a person is mature enough to understand and process complex terminologies.

[mvdheuvel1983]

Few Questions I will like to get you own input on

Is buying Bitcoin or cryptocurrency good for Kids?

Yes, as long as it is in the control of an adult. By kids I want to believe you mean 0-18 years old. When they come of age, the the custody of the bitcoin like key phrase can be revealed or released to the kids

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

This is pretty straightforward. Just as I learned to secure my bitcoin. It is not rocket science.

Should authorities or agencies place age restriction on owning Bitcoin?

Can't and won't happen. If they do it so it defeats the principle of decentralization - control in the hands of the people not any central agency

Furthermore, parents should first teach their kids financial literacy. Which includes, the history of money, savings, investments, budgeting, etc. When the kids get a good hold of this, then they can proceed to teach them about bitcoin

[oktana]

1. Buying Bitcoin or cryptocurrency for investment purposes is a good move for a kids future, because by the time they’ve grown, the value could be a lot and help them a lot.

2. Teach your kids the dos and donts. Because they can and will on do what they were taught.

3. If they want to put age restrictions, they should put it on fiat at once because the essence of Bitcoin is digital money that can be used equally as the normal fiat. So it’s money after all.

[barisbilgili]

Why it's always related to inheritance? when everyday you live with your kids and watching them to grow are way more important?

I try to become better everyday, invest my money and make sure I will not face any financial difficulty now or in the future. But inheritance is just a bonus if you have more money to give to your kids, that's not always a thing that every kids' needs.

Yes, you are right, paying attention to children's development will indeed be better than thinking about what children can inherit, because if we think too much about what children can inherit then we are not educating our children to be able to develop themselves.
Choosing to invest will indeed help us financially, because it is very difficult for us if we don't have investments, so it is very important to be able to invest to be able to have a good financial condition in the future.

[kotajikikox]

Parental Guild on Bitcoin


Few Questions I will like to get you own input on

Is buying Bitcoin or cryptocurrency good for Kids?

It is good for their future that is what I am certain , but for their understanding and capacity to learn , I think there is a little concern for me and I believe for other parents as well.

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

Kids has a bright memory , they can use their mind as a Memory card to put what they wanted to understand so what we only need is to make them learn how to secure their own crypto and yes it will be safe .

Should authorities or agencies place age restriction on owning Bitcoin?

I will appreciate you immerse contribution to this discussion.

Nope , let Decentralized market have their own rules as long as they are not violating laws(for human not for laws of greed government)

[AnonBitCoiner]

Is buying Bitcoin or cryptocurrency good for Kids?

There is no restrictions on buying bitcoin for kids but it will be risky if you put all responsibilities of investment to them in early age because they will have no knowledge at start so they can ruin all invested amount in a second. One should think that businesses are not for kids but if someone wishes that their children never face any difficulty in future then they should buy bitcoin or another asset for them and then gradually teach them so when the become teenager then put all responsibilities on them. Totally dependent on bitcoin from an age of kid is not a good idea because they will not take any interest in job if they find bitcoin therefore just teach them but don't give bitcoin in their hands earlier.

[Litzki1990]

Parents who have a strong interest in Bitcoin or whose parents are involved in Bitcoin may invest in Bitcoin for their children's future. Those who invest in bitcoins are quite active and they must invest in bitcoins thinking about the future of the child. Many investors question how their children will have access to Bitcoin if they invest in Bitcoin with their children in mind for the future. Asking this kind of question means that the parents are definitely worried about the future of the child and they are definitely willing to invest in Bitcoin with the future of the child in mind. If a parent invests in Bitcoin for a child then the parent must tell the child about the investment at some point in life because if the child doesn't know about the investment then the parent's investment is wasted.