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Author Topic: What's the best age to introduce your kids to Bitcoin?  (Read 6031 times)
majesticbtc
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August 12, 2014, 05:09:23 AM
 #41

As soon as you think they are ready? I guess when your teaching them about money you should show them bitcoins's.  Grin
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August 12, 2014, 05:29:00 AM
 #42

IMHO it's relative. Because of maturity of each child is different.
I think 10 - 12 is the best age.


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Kprawn
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August 12, 2014, 01:39:41 PM
 #43

Well when they in their teens, they should be old enough, to understand the concept of money, especially "pocket money" and believe me, they do. {I have 2 of them}

I am acctually paying 10% of their pocket money into a BTC paper wallet each month, for them to understand the concept of "saving" and for them to grasp the BTC principle.

Now and then, I import some of it, and they spend it on small thing, to see how it works.

My oldest son, not a teen, introduced me to BTC and he helps them with some of the transactions online, to make sure, they not spending it on "Silkroad" *joke.  Grin 

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August 12, 2014, 01:43:27 PM
 #44

Well this question seems to have lots of variables but at the current date i wouldn't introduce them (give them access to their own account) until 14, about the same time they're old enough to have a bank account (and be trusted with a bit of money) but if they're little i would give them a tablet and send them small amounts for chores and what not and teach them about it.

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August 12, 2014, 01:49:32 PM
 #45

The crypto-market will be force to "bend" toward the young ones, not the opposite. Young ones are the one moving the economy.
How young do you think? If you think kids are the ones bending the financial system i disagree, young adults are.

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August 12, 2014, 02:26:02 PM
 #46

You won't need to introduce them, this isn't some shitty religion. Your kids will introduce themselves when the time comes, just like they do with the internet, smart phone, car, and any other useful tool in their lives.

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August 12, 2014, 03:11:09 PM
 #47

The crypto-market will be force to "bend" toward the young ones, not the opposite. Young ones are the one moving the economy.
How young do you think? If you think kids are the ones bending the financial system i disagree, young adults are.
Agreed. The financial system will be pushed forward by the young ones, but I doubt that it'll change.

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August 12, 2014, 03:35:27 PM
 #48

It is pathetic when you read "advice" in the coloured press on how to teach children to save at the age of six. "Do you want that toy this year, or maybe save for next year and have more?". When in reality, next year they can probably not buy the toy they want for the same money.

I was told to start saving at the age of 8 or so, but did not learn the second part until I was an adult. I suspect that you meant the price of the toy will go up. That is not necessarily the case.

Because we are living in a consumer society with disposable items, that "toy" you want to buy may only have a life-time measured in months that it is actually available for sale. This is particularly true for electronics where new items are quickly replaced by newer items. Other toys such a water guns are considered "seasonal": meaning you can only buy them during certain portions of the year (the summer in the case of water guns).

Electronics are a weird one: because of rapid innovation, the price of a specific item actually goes down over time. not up. You pretty much have to move to the used market within a year though.

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August 12, 2014, 03:38:00 PM
 #49

My daughter has 8 years old and she knows about bitcoins and what they can do for us in the future.
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August 12, 2014, 03:42:17 PM
 #50

IMHO, you shouldn't introduce bitcoin to your kids.  You should provide them with the resources that will allow them to discover it themselves.  Wink

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August 12, 2014, 04:30:58 PM
 #51

May be at 9-11 years. When children becomes a little bit smarter to realize all the good thing that bitcoin may offer Smiley
Do you think that it's a good age? At this age children sometime don't understand what is dollar and the difference between usd and euro imho

If kids don't understand that a dollar will buy them a candy bar but not a Legos set at that age, you're doing something wrong. Introducing them to Bitcoin at about the same time they start receiving an allowance will be a good way to teach them about budgeting. You can't spend Bitcoin you don't have the way you can with credit cards.
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August 12, 2014, 06:32:36 PM
 #52

I was wondering they need to be able to understand Bitcoin and all the risks which I would be more than willing to help with but what is the best age to actually introduce them to it and allow them to maybe trade under my supervision? I have a sense and I know it's my responsibility to chose when they are allowed to trade and interact with others but I would like to introduce them as soon as possible and it will all be under my super vision.

So when did you introduce Bitcoin to your kids?

Any age really. If they are playing almost any video game, the game will have a currency or type of trade in it. Even games that don't have markets to sell to other players have micro transactions now for the developer. Games like sonic the hedgehog and pacman and others had types of currency/score/life totals. It really isn't a hard concept when I was 4 to understand all the different things in video games.



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August 12, 2014, 08:43:08 PM
 #53

My daughter is 9, and I have already fully explained it to her.   She gets it as much as a kid can.   She actually shared a physical coin in class, and gave a description of crypto currencies.   Her teacher asked her to write a little written report for extra credit.
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August 12, 2014, 08:48:12 PM
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It's too risky. Kids could accidentaly send to a wrong address and that money is lost. I'd say 14 is a good age.

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August 12, 2014, 09:02:54 PM
 #55

As soon as possible. Basically, when they can start learning English.

The sooner they get their start, the sooner they can make mistakes when it is small and very manageable.

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August 12, 2014, 09:04:16 PM
 #56

I would introduce them to BTC from birth as I would invest a certain % of my income into a BTC 'trust' account to help pay for their education.

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August 12, 2014, 09:26:05 PM
 #57

I have to admit seeing my cousins, niece and nephews playing with Ipads and smartphones is amazing.  Maneuvering threw photos and Youtube videos is blowing my mind.  I wouldn't be surprised if a 7 yo could use Bitcoin.  I think the real issue is the lack of qualified teachers at the moment.
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August 12, 2014, 09:30:14 PM
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I have to admit seeing my cousins, niece and nephews playing with Ipads and smartphones is amazing.  Maneuvering threw photos and Youtube videos is blowing my mind.  I wouldn't be surprised if a 7 yo could use Bitcoin.  I think the real issue is the lack of qualified teachers at the moment.

When you put it like that you do have a point. I see so many children now using all different gadgets and they seem to grasp how to use them quicker than I ever remember I did. A lot of schools now allow the use of things such as iPads and iPods so having things like this in schools is just a start if they could start to teach about bitcoin as well in schools I agree that children could probably grasp it from a more younger age.
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August 12, 2014, 10:41:51 PM
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I have to admit seeing my cousins, niece and nephews playing with Ipads and smartphones is amazing.  Maneuvering threw photos and Youtube videos is blowing my mind.  I wouldn't be surprised if a 7 yo could use Bitcoin.  I think the real issue is the lack of qualified teachers at the moment.

When you put it like that you do have a point. I see so many children now using all different gadgets and they seem to grasp how to use them quicker than I ever remember I did. A lot of schools now allow the use of things such as iPads and iPods so having things like this in schools is just a start if they could start to teach about bitcoin as well in schools I agree that children could probably grasp it from a more younger age.

Got to love neuroplasticity pretty much their minds are set to adapt to what is around them fast
So they have good tech skills it would be nice if we could find ways to prolong that effect.
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August 12, 2014, 10:43:17 PM
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