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Author Topic: Exposure to bitcoin at young age  (Read 880 times)
moneystery
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May 31, 2024, 04:40:40 AM
 #101

Yes that's right it's good to teach young people about bitcoin but they need to want to learn. If they are not interested they won't understand it well....

it is good to teach young people bitcoin, but first they have to like learning about bitcoin and how they can use it to make a profit. because if they are forced to learn something they don't like from the start, then there is no point in teaching them how to invest properly in bitcoin. they need to love it first, then we can teach them the things we understand about bitcoin.

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May 31, 2024, 04:58:44 AM
 #102

because if they are forced to learn something they don't like from the start, then there is no point in teaching them how to invest properly in bitcoin. they need to love it first, then we can teach them the things we understand about bitcoin.
This is correct. Many people will refuse to learn something they aren’t interested in the first place. But I think everyone should have at least basic knowledge and from there we can build interest and curiosity. Once that is established, we can let them learn about bitcoin in a much more complex and complicated way.

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May 31, 2024, 05:07:32 AM
 #103

Do you think that exposure to bitcoin at an young age is a good thing in general ? I feel it should be taught based on individual personality and not to very young guy. This is because all young guys might not be responsible enough to invest and track with patience at young age. However, those who have the required patience can make very high returns on their investment by investing at an young age. So, which side are you in this aspect ? Do you feel that all young guys should be informed and educated about bitcoin ? 
Knowing about Bitcoin is very important nowadays. Because it is taking shape day by day that people may not be able to live without Bitcoin in the future. Everything will be robotic and the volume of blockchain transactions will increase and Bitcoin will become a major payment tool. So all youths must have a good understanding of Bitcoin to keep themselves updated with the times to keep up with the world.  People who don't know about Bitcoin will be far behind people who know about Bitcoin
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May 31, 2024, 05:26:21 AM
 #104

I think informing the young guys about bitcoin is good,if they know it earlier then they will be prepared in the future,and if bitcoin boom they will have a big profit in the near future,the problem there is not all of the young guy will have a patience to hold maybe we still need to teach them first to have a big patience because if they don't have a patience they will surely lose at the end.

Early you realize the earlier you will get the better information regarding Bitcoin and in future you will be more profitable therefore we should teach our relatives and friends about Bitcoin investment. We should not only tell them about good points only but negative aspects should also be described in detail for them.

If someone learns about Bitcoin from an early age then whenever they find an opportunity by having money then they will not be afraid of investment because they will completely realize the facts about Bitcoin. Young people seem to lack patience but if they realize that patience is crucial for success then they will choose to do each and everything with patience and learned knowledge.



 

 

 

 

 

 


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May 31, 2024, 08:51:55 AM
 #105

The first question is how much your kids get paid per year? if you said he's unemployed and he only get pocket money from his dad, believe me, as much as he can invest every week, his dad will earn more.

I doubt kids can earn "very high return" when they didn't have any jobs yet, while their dad already have jobs and able to earn "very high return" as long as they're financially good.

Exposing Bitcoin to kids isn't about high return, but it's to teach them to not get scammed by investing in Bitcoin and know how to protect their wealth.


Right! It is actually good to talk to kids about Bitcoin, making it known to them that Bitcoin is a currency, just brief them about Bitcoin depending on their age and understanding, whenever you think they mature enough then you can start educating them on the investment part of Bitcoin how it works, and how to go about it to avoid frauds at the cause of in investing.
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May 31, 2024, 10:09:40 AM
 #106

Do you think that exposure to bitcoin at an young age is a good thing in general ? I feel it should be taught based on individual personality and not to very young guy. This is because all young guys might not be responsible enough to invest and track with patience at young age. However, those who have the required patience can make very high returns on their investment by investing at an young age. So, which side are you in this aspect ? Do you feel that all young guys should be informed and educated about bitcoin ? 

Exposure to Bitcoin at a young age can be beneficial for financial literacy, but it should be tailored to individual personality and maturity levels. Not all young individuals may be responsible enough to invest and track patiently, but those who possess the necessary traits can potentially benefit from high returns by investing early. Therefore, it's important to assess each individual's readiness and educate them accordingly, rather than a blanket approach for all young individuals.
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May 31, 2024, 11:38:29 AM
 #107

Do you feel that all young guys should be informed and educated about bitcoin ? 
Of course yes, young guys should be informed and educated about Bitcoin.There is a difference between been informed and investing.Not all informed persons invest on Bitcoin,they are just interested to know about Bitcoin so in the future they'll apply the knowledge on what they've been informed about Bitcoin.We are in a technological advanced generation and Bitcoin is a technological advanced digital currency that these young guys ought to know, when they informed and they grow up they might want to invest in Bitcoin from their discretionary income, it's not a must it's a choice.

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May 31, 2024, 12:12:40 PM
 #108

You bring up an interesting point about teaching Bitcoin to young people. It's true that not everyone might have the maturity to handle investments responsibly at a young age. Do you think there are specific traits or skills we should look for before introducing Bitcoin education? And how can we ensure that young people are taught to approach it with patience and responsibility?
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May 31, 2024, 12:31:04 PM
 #109

Providing young people with knowledge about Bitcoin is a good thing. They can know there are investment options for them when they are older. However, parents must be able to provide information about Bitcoin according to their age so that they can understand it. Their parents can introduce Bitcoin and all the basic things about Bitcoin so that they can learn and use it later when they grow up. By learning more about Bitcoin at a young age, they can start investing in it when they grow up. We teach them to prepare their future with all the good things to help them have a better life.
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May 31, 2024, 02:31:57 PM
 #110

Do you think that exposure to bitcoin at an young age is a good thing in general ?

that's good, for those who are able to understand well, we think they will join Bitcoin and will learn more deeply to understand, among young people it is a form of knowledge that is very useful for them to organize their concepts in managing their economy, one of which is kta say, Bitcoin itself among young people can be an alternative for making payments without having to use Fiat.

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May 31, 2024, 02:44:54 PM
 #111

I think informing the young guys about bitcoin is good,if they know it earlier then they will be prepared in the future,and if bitcoin boom they will have a big profit in the near future,the problem there is not all of the young guy will have a patience to hold maybe we still need to teach them first to have a big patience because if they don't have a patience they will surely lose at the end.

Early you realize the earlier you will get the better information regarding Bitcoin and in future you will be more profitable therefore we should teach our relatives and friends about Bitcoin investment. We should not only tell them about good points only but negative aspects should also be described in detail for them.

If someone learns about Bitcoin from an early age then whenever they find an opportunity by having money then they will not be afraid of investment because they will completely realize the facts about Bitcoin. Young people seem to lack patience but if they realize that patience is crucial for success then they will choose to do each and everything with patience and learned knowledge.

I think I will only teach and expose my children to bitcoin when they reach the appropriate age, I don't think teaching your relatives or friends about bitcoin is a good idea. Have you ever thought about the scenario if their investment fails and they blame you? And yet, do you think letting more people know you own bitcoin is a good thing and that your privacy is safe?

In addition, teaching investment to young people is not as simple as you or many people are saying. Even those of us who are long-time investors and understand bitcoin very well are having trouble investing in bitcoin. Many people even lose patience and faith in bitcoin every time the market adjusts or there is Fud, so there is no guarantee that young people will be able to do those things. Saying is one thing, doing is another, which is why so far not too many investors have made a profit investing in bitcoin.

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May 31, 2024, 03:26:57 PM
 #112

You bring up an interesting point about teaching Bitcoin to young people. It's true that not everyone might have the maturity to handle investments responsibly at a young age. Do you think there are specific traits or skills we should look for before introducing Bitcoin education? And how can we ensure that young people are taught to approach it with patience and responsibility?
There's an approach commonly used by moat wealthy parents they open an investment account with a traditional bank in the name of their child where they invest for his future as he grows, it's more like a savings for his tomorrow, and when he's well matured knowledgeable about money, he is then handed completely control and ownership of the account to self-establishment.

Same approach can be incorporated by bitcoiners with their children, and the striking part with bitcoin using this approach is that it can be started with the least $5 (using the DCAing strategy) making it not exclusive to rich parents alone to afford but to every bitcoinist parent that wish to based on what they can afford. Simultaneously the child is also being taught about bitcoin while growing up. There are certain trait we will have to teach our children and not that they must have it innately before we do brush them up about it.



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May 31, 2024, 06:08:02 PM
 #113

Do you think that exposure to bitcoin at an young age is a good thing in general ? I feel it should be taught based on individual personality and not to very young guy. This is because all young guys might not be responsible enough to invest and track with patience at young age. However, those who have the required patience can make very high returns on their investment by investing at an young age. So, which side are you in this aspect ? Do you feel that all young guys should be informed and educated about bitcoin ? 
There is nothing wrong with young people learning about cryptocurrencies and having knowledge and education about them, one doesn't necessarily need to make investments right after learning about them but they can do it later if they think they can manage the risks and if they understand everything properly. As you said, it depends on the nature of a person whether they can be patient and manage their investments properly or be reckless and lose money.

Besides, young people would barely have a lot of money to invest in cryptocurrencies, they might save up money from their personal expense money such as pocket money or something and then invest that in cryptocurrencies and if someone does that, they would surely do it with care because they wouldn't want to lose their money.

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June 01, 2024, 05:53:59 AM
 #114

Do you think that exposure to bitcoin at an young age is a good thing in general ? I feel it should be taught based on individual personality and not to very young guy. This is because all young guys might not be responsible enough to invest and track with patience at young age. However, those who have the required patience can make very high returns on their investment by investing at an young age. So, which side are you in this aspect ? Do you feel that all young guys should be informed and educated about bitcoin ? 

I won't deny that they should be taught about Bitcoin from their school itself but teaching about blockchain technology or how Bitcoin work will not really bring any difference in the main scale, first we need to start with the curriculum of How money works?, which is what apparently hidden from people to know even if they excel in academic which is either made purposely by the government for people to not understand this so they can keep printing money or the academic system didn't evolve at all.

In the country where I live, conferences about Bitcoin are held at universities. Students are provided with information about both technology and Bitcoin through clubs in schools. In other words, training on Bitcoin is available in many areas of our lives.

Information is useful in proportion to how you use it. Young people who learn Bitcoin at university may be interested in blockchain, and some may invest thanks to their knowledge. I think it is an advantage to learn Bitcoin at a young age.

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June 01, 2024, 06:27:40 AM
 #115

Young people don't even need to be told about Bitcoin, they already know it directly because all information is now very open as long as they have access to the internet, there is already a lot of information about Bitcoin available, for young people talking about Bitcoin technology can be more interesting than about Bitcoin which can be used as an investment because the price can rise, only young people whose finances are stable will be interested in talking about Bitcoin which can be an investment option, but young people who still have to struggle to achieve good finances may not be interested because it is one of the things that must be achieved before starting an investment is financially stable.
Not all of them knows about bitcoin, if they do, they're probably talking about it already as we all know that kids are most likely to repeat stuff that they're interested for a while now and if I can't hear them talk about bitcoin, I don't think that they've ever known about bitcoin in the first place. I don't think that they have to struggle in finances, if I'm being honest, support in your finances should be something that's done by your parents especially when they're just starting at their career, I do believe that kids need to struggle to become strong but there are times where the struggle is useless and could've been avoided since there's no feasible reason for the struggle and no excellent result coming out of it.
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June 01, 2024, 07:07:30 AM
 #116

Teaching children about Bitcoin is a good one, because if they Start learning at a very young age, before they get to 10 they must have known enough that will help them make good investment decisions. I don't know why most person prefer to wait until an appropriate age before they start teaching their children about Bitcoin, Bitcoin is a digital currency and unlike traditional fiat currency, it's decentralised and free from inflation, another outstanding features is that it has limited supply and it's unlike other altcoins, Bitcoin is trustworthy. Teaching them the right things on time will help them understand better. You as a parent can create a wallet and start holding Bitcoin for your children, it doesn't necessarily mean that you'll give them access to the wallet at their young age. You can create another one and use that to teach them how to hold, so they can learn to deposit from the spare cash you give to them.

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June 01, 2024, 08:12:14 AM
 #117

Do you think that exposure to bitcoin at an young age is a good thing in general ? I feel it should be taught based on individual personality and not to very young guy. This is because all young guys might not be responsible enough to invest and track with patience at young age. However, those who have the required patience can make very high returns on their investment by investing at an young age. So, which side are you in this aspect ? Do you feel that all young guys should be informed and educated about bitcoin ? 
At young age I don't think one should be exposed to that much stressful thing that is trading. It's not easy to be a part of trading journey as you always are in a condition of stress. Whether you're profitable or not but during a trade you are exposed to different kind of difficulties.

In young age you should be mature enough to do different creative activities so that your IQ level rises. Stress will ultimately lower your IQ level.

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June 02, 2024, 05:36:05 PM
 #118

Teaching children about Bitcoin is a good one, because if they Start learning at a very young age, before they get to 10 they must have known enough that will help them make good investment decisions. I don't know why most person prefer to wait until an appropriate age before they start teaching their children about Bitcoin, Bitcoin is a digital currency and unlike traditional fiat currency, it's decentralised and free from inflation, another outstanding features is that it has limited supply and it's unlike other altcoins, Bitcoin is trustworthy. Teaching them the right things on time will help them understand better. You as a parent can create a wallet and start holding Bitcoin for your children, it doesn't necessarily mean that you'll give them access to the wallet at their young age. You can create another one and use that to teach them how to hold, so they can learn to deposit from the spare cash you give to them.
I don't think Bitcoin is the only thing that should be taught and explained to my kids. I don't understand how people get so addicted to one thing. There are so many things to do in the world and online. There are many things in the world that can be taught to your children and make a good future for them, not just trading or Bitcoin, there are many other things that can be very beneficial. This doesn't mean at all that I'm against Bitcoin or against teaching it, I have a point of view that you shouldn't invest too much in anything, it's like an addiction and if you're addicted to one thing, if you are too influenced by one thing, you will see all other things as useless, so everything has its importance and should be understood.

And it is also worth noting that the things that were important to our ancestors in earlier times are not for us now and the things they used to benefit from are no longer so important. So, no one can say what will happen in the future and what is possible it is also possible that something more important than Bitcoin and trading will become something more profitable so teach your children everything instead of Bounding them to a specific object.

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June 02, 2024, 05:41:17 PM
 #119

Always teach the basics first but a passing reference to BTC should hopefully be part of the vocabulary.

The paths to BTC is via Maths and computers studies.   When I was in school we didnt learn about computers but they were about so we self taught mostly, not very well perhaps but theres where I learn to type and basic programming etc..  I hope we'd pick up something about BTC if it was there back then.

The big shame now is home mining was introducing BTC to alot of people but thats not really about so much not at the beginner level anyway.

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June 02, 2024, 07:33:24 PM
 #120

Firstly you must look at it from the positive aspect:

Financial Education: Learning about Bitcoin and cryptocurrencies at a young age can provide valuable lessons in financial literacy, investment, and technology.

Technological Awareness: Understanding blockchain technology and digital assets can help young individuals adapt to the digital economy.in all I think its a good thing depending on the approach and  guidance giving to the young individual,an so also getting Him/her to understand the risk attach.
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