A good way to help our children. | Bitcointalksearch.org

demonica

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Quote from: Agbamoni on September 05, 2023, 01:18:00 AM

It's a good idea to teach your children about Bitcoin if you're a Bitcoin trader or investor. Sharing your knowledge with your loved ones, especially your children who might inherit it someday, is important.

I've heard of cases where Bitcoins were lost because the owners passed away, or Bitcoin accounts have been inactive for years, and no one knows what happened to them. Remember, there's a saying that when there's less supply, there's more demand. Some people hope that all the past Bitcoin holders would pass away with their funds. They think this would reduce the supply of Bitcoin, and then they could make a good profit because the demand would be higher. But you don't want that for yourself and children.

If you want a brighter future for your children, it's a good idea to start educating them about Bitcoin early. If you're planning to save some Bitcoin for your children when they grow up, make sure you store it properly to avoid losing it or forgetting the access details. You wouldn't want them to inherit nothing when the time comes.

Getting into Bitcoin at a young age is an advantage and a big opportunity for me cause I've started getting into Bitcoin at my younger age as well. However, I don't really like the idea of forcing them to learn and get into Bitcoin just because you as a parent, is into it. It could be a burden to your children especially at a young age, it could be too complicated for their understanding.

Rather than teaching them about Bitcoin because you want to, it would be better to teach them Bitcoin because they want to. I always think that it's good to let people close to you to know that you're engaging in Bitcoin or crypto. But don't persuade them to follow you. Let them be interested on their own cause they will come to you if they get curious and interested. Once they're interested, it would be easier to teach them about Bitcoin.

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Quote from: landheer on September 05, 2023, 12:22:42 AM

we as parents already know about bitcoin and we know about bitcoin because we are interested in investing in btc and we see a good opportunity if we invest in btc.

but I don't think our children are necessarily interested in investing in btc, because of course everyone has different aspirations and goals. As a parent, of course there is nothing wrong with explaining BTC to your child, as long as there is no element of coercion. I think as a parent it would be better to provide knowledge about physical business because I think investing in BTC would be good as a side business.

Time and season is something everyone should understand because I think there is time for everything and introducing something to your kids be business plan or bitcoin investment should all be done at some certain stage as a kid and I think that would be the time at which they are been more inquisitive and wanting to know about things themselves not a stage when their minds are eager to enjoy their privileged as children.

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Quote from: Davidvictorson on May 25, 2023, 03:46:58 PM

Quote from: Queentoshi on May 25, 2023, 09:51:01 AM

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?

It is good to teach our keeps about digital currencies and not just bitcoin becasue no one knows if bitcoin is going to exist 50 years from now. But we are sure that digital forms of payment are here to stay and will be here for a long time to come. Best teach your kids about them and help them also acquire some sort of skill that will be useful in the web3 ecosystem.

Yes I agree with you, since the world is going digital in most of the things we are using right now it wil be of good if our kids are thought things about digital currencies because from the look of things,ost things will be done digitally and not the other way round. It is also important we teach our kids bitcoin since it is currency that is already in existence even as fiat is existing and don't get it twisted in 50 years to come I bet you bitcoin would have gained more acceptance because the government will see the need when people see a different view about bitcoin than what they are seeing now. Getting a skill is good but there are people who have seen future in bitcoin and they have taking every measure to invest, it has become one of their skill I think they understand better than we do even though we are believers of bitcoin.

rachael9385

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Quote from: Agbamoni on September 05, 2023, 01:18:00 AM

It's a good idea to teach your children about Bitcoin if you're a Bitcoin trader or investor. Sharing your knowledge with your loved ones, especially your children who might inherit it someday, is important.

I've heard of cases where Bitcoins were lost because the owners passed away, or Bitcoin accounts have been inactive for years, and no one knows what happened to them. Remember, there's a saying that when there's less supply, there's more demand. Some people hope that all the past Bitcoin holders would pass away with their funds. They think this would reduce the supply of Bitcoin, and then they could make a good profit because the demand would be higher. But you don't want that for yourself and children.

If you want a brighter future for your children, it's a good idea to start educating them about Bitcoin early. If you're planning to save some Bitcoin for your children when they grow up, make sure you store it properly to avoid losing it or forgetting the access details. You wouldn't want them to inherit nothing when the time comes.

Yes mate, it is a very good idea to teach our children about Bitcoin investments, but how are we sure that our children will accept Bitcoin in the future? You see, in some countries, children can't decide for themselves unless their parents decide for them, but it is not like, the children don't have reasons to decide, but because their parents will think that the child is not up to the age. (Hope you are getting my points?) So, in this case, parents can tell their children or teach their children about Bitcoin while they are still kids, but the children might end up not investing with their own money while they are grown up, so I will suggest that if anyone wants to talk about teaching children about Bitcoin they should include the age of the children which they are suggesting people to teach.

Agbamoni

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It's a good idea to teach your children about Bitcoin if you're a Bitcoin trader or investor. Sharing your knowledge with your loved ones, especially your children who might inherit it someday, is important.

I've heard of cases where Bitcoins were lost because the owners passed away, or Bitcoin accounts have been inactive for years, and no one knows what happened to them. Remember, there's a saying that when there's less supply, there's more demand. Some people hope that all the past Bitcoin holders would pass away with their funds. They think this would reduce the supply of Bitcoin, and then they could make a good profit because the demand would be higher. But you don't want that for yourself and children.

If you want a brighter future for your children, it's a good idea to start educating them about Bitcoin early. If you're planning to save some Bitcoin for your children when they grow up, make sure you store it properly to avoid losing it or forgetting the access details. You wouldn't want them to inherit nothing when the time comes.

landheer

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we as parents already know about bitcoin and we know about bitcoin because we are interested in investing in btc and we see a good opportunity if we invest in btc.

but I don't think our children are necessarily interested in investing in btc, because of course everyone has different aspirations and goals. As a parent, of course there is nothing wrong with explaining BTC to your child, as long as there is no element of coercion. I think as a parent it would be better to provide knowledge about physical business because I think investing in BTC would be good as a side business.

Porfirii

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I agree with the OP that buying a few satoshis (or whatever coin) in order to hodl for your children is a good idea (always money you can afford to lose). Who knows when they have 5, 10 years, they may be worth a little fortune to cover his expenses and/or give him for custody when he get's to a certain age.

I have a little hw with a few sats and eth that may be worth nothing when the moment arrives, I'm aware, but there is the other possibility too.

Asuspawer09

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Quote from: Queentoshi on May 25, 2023, 09:51:01 AM

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?

I mean it is a good thing to teach your children Bitcoin because it is just a waste if you're not going to at least try to teach this kind of investment in their lifetime. Bitcoin is just the thing in my experience that just changed my mindset when it comes to finances and because of Bitcoin and cryptocurrency I learned a lot about savings and investments, and I actually want to learn more about how I am going to earn more and achieve financial freedom.

For sure not everyone is going to like cryptocurrency and Bitcoin so you can't really force your children to learn Bitcoin, but I guess it is just a matter of time and how you handle your children since if you going to ask someone where they give attitude something like they always wanted to investment and save money they would probably say that they get it from their parents right. So over time if you're going to make them save money for their future they are going to learn the importance of it and they get interested in Bitcoin as well, In my opinion, it is just a matter of how you're going to teach it to your children, right timing and right approach. Just don't force anyone to invest because its still a risk investment and you could lose money in cryptocurrency if you are not careful.

Humblevirus

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Quote from: Queentoshi on May 25, 2023, 09:51:01 AM

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?

There is nothing bad to teach any child who is interested in learning about Bitcoin and its technology, but I will not suggest forcing children to learn Bitcoin by force. You said we are lucky to have learned about the existence of Bitcoin at a young age, but I don't think that is the case for most of us. If I should even say what gives most people the opportunity to know about Bitcoin early is that they are in a life of advancement of technology because of all this social media and the advantage of getting opportunities to expose themselves to technology, and even children that want to learn can get the information early through the internet. I am not disputing your suggestion to teach about Bitcoin, but as for little children, their education foundation should come first.

JunaidAzizi

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Quote from: collinscoinz on May 26, 2023, 02:03:49 PM

Correct! I believe that education should be the priority and it's important to raise children well before introducing them to the concept of Bitcoin. During their young age, kids should be able to enjoy the simplicity of life without getting involved in complex matters(Talking about bitcoin). In addition, there are multiple ways to teach children about the basics of Bitcoin and how it can be used but parents should avoid pressuring them into it if they aren't interested,and i think that they can only grow with the interest at their adult stage,

I do not agree with you but yeah it's your own opinion and I respect it but my belief is that during education we need to introduce Bitcoin education to our children. it will mark a good lesson in their mind, not to teach them all but instead tell them on a daily base a little bit about Bitcoin which will help them a lot.

Quote from: collinscoinz on May 26, 2023, 02:36:52 PM

And another notable advice is to educate our child/children the fear of the lord,that is the highest good that a parent can do to their child before any other things in life.

You did a forum rule violation by doing two consecutive posts. According to rule number 32 of the forum, two multiple posts in a row are not allowed. It is only for the user who creates that thread. If you left something from your post then just edit it add it and then save it no need to do another post after that immediately. So I warn you do not do it again as you are a Jr: member so be careful next time.

I am giving the link of the forum rules, Check rule number 32 for verification and also read other rules, it will help you.

ultrloa

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A good way to help our children is to make sure that they can finish their school from prep to collage, buy their basic needs and also to make them sharp on challenges in life. If they are ready and fully grown up as a person then introduce bitcoin to them so that they can easily understand it on more realistic ways and also they have clear ideas about the risk so that they always go on right place especially when starting to deal with their investments on cryptocurrencies.

GeorgeJohn

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Quote from: Queentoshi on May 25, 2023, 09:51:01 AM

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?

Without educating you child bitcoin on time, it will surely know about bitcoin, their is something in which I understand that will make any of our offsprings to know bitcoin without help of anyone. Internet is the master key of exposure and awareness, without educating or briefing your children or child about bitcoin its quite obvious that it will definitely Learn bitcoin by itself since it hands can touch a laptop, ipad and handset, anything that deals with Internet will make your to know bitcoin because of social media of bitcoin awareness, using myself as examples, I dis not learn bitcoin through anybody or get the knowledge of bitcoin any person, I get to know bitcoin through social precisely Facebook,so it's from there I began to make my own research of bitcoin.

YUriy1991

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Quote from: DeathAngel on September 01, 2023, 04:31:26 PM

Investing in Bitcoin for children can be a smart idea for loads of reasons. It introduces them to the world of finance & technology at an early age, fostering financial literacy & digital skills. Bitcoin has shown significant potential for long term growth, providing a valuable asset for their future. It teaches them about the importance of patience, risk management & responsible investing. By buying Bitcoin for your children you are giving them the opportunity to benefit from the rapidly evolving digital economy.

I myself, if I want to withdraw money for spending money for the house, always invite the children to go to the ATM (Fiat withdrawal) and I teach them how to use it to withdraw it, along with the instructions that must be followed. I see that they are quite interested and at this moment, slowly- slowly, I will also introduce how digital money works and can reach our hands.

Yes. Even though we know that this is still their golden age, we must demonstrate basic understanding little by little so that in the future they won't be confused about digital financial models, of course.

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Quote from: HajiBagi on September 04, 2023, 01:19:25 AM

At first, people didn't value bitcoin, but now that it is widely used, I think bitcoin can still have a bright future for many people who are interested in it.

Even though the first individual to ever receive a Bitcoin transaction from Satoshi is no longer alive, it's still not too late for certain people to profit from investments in bitcoin. The majority of those who are currently profiting from bitcoin are also the ones who have criticized it from the start since in this world, everything happens in its own time. Teaching your kids about bitcoin and crypto currency in general is a wonderful idea because it allows for many benefits including achieving financial independence and working for yourself. For example, a father may become poor as he ages while his son may become wealthy. This is how investments work, but it doesn't mean that other people aren't succeeding. Everyone has a unique perspective on life, and it's up to you to focus and learn from their mistakes.

HajiBagi

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You are correct that we should teach our children about bitcoin because we never know what the future may hold. Since many people today are unaware of bitcoin, even after being explained to them, they may perceive it as a scam or believe that you are trying to enrol them in something from which they will not benefit. Let me just say that many people who are knowledgeable about bitcoin are fortunate because they are the ones who benefit from it today. At first, people didn't value bitcoin, but now that it is widely used, I think bitcoin can still have a bright future for many people who are interested in it.

However, there is one thing we should learn from our kids as well. Today's kids do as they please, and I have seen instances when a parent wanted his son to learn bitcoin so that he wouldn't suffer in the future. because there are many graduates today in many nations without jobs, but the son responded that he doesn't want anything to do with bitcoin and that his only concern is completing his school and being what he wants to be in the future. My belief, though, is that studying or getting involved with anything related to bitcoin can't influence a child's schooling other than the son not understanding.

Compromise me

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Quote from: Queentoshi on May 25, 2023, 09:51:01 AM

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?

Your idea is very good in many ways that we should tell kids about Bitcoin .We should give our kids a caring environment and a Excellent education so that they can make wise decisions on their own in order to create a better future for them. Children easily understand the concept of love, therefore we shouldn't put pressure on them to live up to our own ideals. Rather of forcing kids into activities they are not interested in, we should encourage them to explore their interests. This can have unfavorable effects. To further safeguard kids from potential threats, it is essential to educate them about the perils of internet scams and the need to avoid financial schemes like Bitcoin.

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Quote from: DeathAngel on September 01, 2023, 04:31:26 PM

Investing in Bitcoin for children can be a smart idea for loads of reasons. It introduces them to the world of finance & technology at an early age, fostering financial literacy & digital skills. Bitcoin has shown significant potential for long term growth, providing a valuable asset for their future. It teaches them about the importance of patience, risk management & responsible investing. By buying Bitcoin for your children you are giving them the opportunity to benefit from the rapidly evolving digital economy.

a good idea although it is certainly only basic knowledge that we can give to children at an early age. but at least this can raise awareness for our children to get used to leaving money to invest. so their life in old age is not only to work hard to earn money just to make ends meet.
we have to teach them how to manage and how to use investment assets properly. Sometimes when we give assets to children who have grown into adults, they only think about spending them. but I am sure, in the future, young people will care more about investments like Bitcoin.

Quote from: Obari on September 01, 2023, 04:01:19 PM

Your advice is great but I once stared a thread about not stressing kids with bitcoin and I've also understood that people have absolutely different approach and mentality towards every situation but on the other hand, I think most bitcoin holders are seeing bitcoin and cryptocurrency as an escape route for their children which isn't bad but the truth is that, we should just focus on giving our children the best life and when their time comes, they'll fit in to what their destiny holds for them and I'm saying this because our parents never knew, or even thought most bitcoin holders who are doing very well for themselves would do so through bitcoin and maybe, our parents already groomed us for something else.

What I'm saying in essence is that, the world is a wonderful place and we should plan as if we already know what tomorrow holds because not even bitcoin do anyone knows what might happen next of price might rise or fall.

it can be stressful for children, but if we do it well, it can actually create a good habit. parents who know their own child's situation. whether they are ready with understanding related to Bitcoin or not. Some parents have taught them to save their money since childhood. and it will buy you something when it is collected. Isn't that a habit that can also be applied to encourage children to invest in Bitcoin?

DeathAngel

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Investing in Bitcoin for children can be a smart idea for loads of reasons. It introduces them to the world of finance & technology at an early age, fostering financial literacy & digital skills. Bitcoin has shown significant potential for long term growth, providing a valuable asset for their future. It teaches them about the importance of patience, risk management & responsible investing. By buying Bitcoin for your children you are giving them the opportunity to benefit from the rapidly evolving digital economy.

Obari

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Your advice is great but I once stared a thread about not stressing kids with bitcoin and I've also understood that people have absolutely different approach and mentality towards every situation but on the other hand, I think most bitcoin holders are seeing bitcoin and cryptocurrency as an escape route for their children which isn't bad but the truth is that, we should just focus on giving our children the best life and when their time comes, they'll fit in to what their destiny holds for them and I'm saying this because our parents never knew, or even thought most bitcoin holders who are doing very well for themselves would do so through bitcoin and maybe, our parents already groomed us for something else.

What I'm saying in essence is that, the world is a wonderful place and we shouldn't plan as if we already know what tomorrow holds because not even in bitcoin do anyone knows what might happen next if price might rise or fall.

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Quote from: icalical on September 01, 2023, 10:13:41 AM

But if Bitcoin is still worthy to be passed on to our children, then there will be much more bitcoin adoption in the era of our children. There will definitely be a plus and minus if we compared Crypto in our/current era versus the next era. At the very least it will be easier for them use bitcoin as a currency, the true purpose of Bitcoin.

I completely agree with you, with the way things are going and the way bitcoin adoption is going in this our present era there is no doubt that things will be way more easier for our children to come and the way they will view the world bitcoin, base on the step and guidelines which will be set for them right now if not directly from individuals parent the progressive improve of bitcoin influence in the society is actually going to do more in the life of the coming generations, their will be lot of exposure more than it is right now, new amazing projects will also be launched and all of that as it’s already believe that with what has been made presently available (The technologies, the tools) if being explored with responsibly there will be more to discover than what we currently have now.

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