Topic: Crypto (Bitcoin) and children personal Finance Education - page 2. (Read 424 times)

But do you really think that all people are invested? Only investors follow investment plans consciously. Almost all of the rest are guided by their intuition. While smart investors do not yet have a clear strategy on how to properly exploit savings.
In this particular period of human history, I do not think that a better stage can be reached only by educating children about the proper disposal of financial resources and awareness of them.

How do you plan to achieve that without telling them what is crypto is all about? Or they will learn as an informal educational system? Then education is an education, whatever way is acquired, it is an education. But the question is if you are the parents and the money gift has been given to the new born baby in it dedication/ name ceremony day, what will you used the money for? As I put on my own, it was used to open bank account for me. But if I am the parents in the dispensation, I would have kept it in a BTC wallet instead of keeping it in the bank for worthless years.

Then teach them crypto gradually till they understand it all when they grow up. They way they will understand Fiat currency is will the same way they will use to understand bitcoin but in a gradual process.

Teach the children to know BTC

True, the couldn't have done more than they did since, as at 17yeara ago, bitcoin was non existence and with them so keen on having nothing to do with your gift of $20, it still remains a good decision for them at the time.
Although, I suppose that was to be a fixed deposit account for which, cost of maintenance isn't supposed to affect your money negatively. At the very least, you should be paid an interest for operating a fixed deposit account.

What really could be the case as per the depreciation of your savings worth is the every day inflation we've got in our individual nations today. I cam tell you that there are certain notes in my nation that can't buy any bit of a commodity. A note that some 17years ago could acquire you 2-3 of a commodity and now, it can't afford one. Loosing it's value completely and that's so sad.

Taking note of the developments in our world now, the bitcoin innovation has made operating a fixed deposit account seem like a worst choice. Perhaps best for some persons but, some $20 bitcoin investment at the moment surely would be worth something in 17years. Its an enlightenment that needs to be adorn by people wth a new world order initiative. Fixed deposit in fiat's isn't equal to bitcoin investment in approximately,  same time frame.

I’m certain the next generation will be more exposed digitally but I think teaching children cryptocurrency at an early age is too much workload to put on them. Kids should be allowed to be kids, and not put under the pressure of adulthood at an early age. There’s so much happening in the world today that would make a parent worried, teaching my kids bitcoin isn’t top priority for me now. Hopefully by the time my kids are all grown up crypto would have been integrated into the system.

In their shallow defense, Bitcoin did not exist 17 years ago, so they couldn't have put it into Bitcoin, at least not right away.

I'm all for financial education from an early age, as it's a vital component which the school system doesn't cover. But, we should not herd kids into Bitcoin, as there are investment opportunities beyond this niche.
Teach kids how to build capital, how to recognize a problem and solve it, money management, how to choose investments etc and let them gravitate to ventures that interests them.

It's perfectly alright if they are not interested in it as we are.

Children are the Leaders of Tomorrow, the way you train your child it will be the way it will grow.

My parents told me this has I grew up to adolescent stage. When I was a child, and it was about three months from my birth and my parents took me to the church for dedication/naming ceremony. After the ceremony, I was given $20 as a gift. Then my parents used it to open bank account for me. Since then till the $20 that was deposited to the account has been depreciated instead of appreciating. And when I tried to know why, I was told that they they deduct it for the maintenance of the account. This was 17 years interval. But from the knowledge I have gotten from crypto (bitcoin), this amount would have been appreciated to a reasonable amount.

That should be a CAPITAL YES, the money should be kept in bitcoin and when they are growing up, you teach them how to use the wallet gradually until they become perfect.

Crypto can help teach children about personal finance
Financial literacy means a lot to the development of children. Teach them how to manage, budget, scale of preference and invest on bitcoin. The earlier is the best. This also lead me to remember an idiomatic expression that says, " Early Bird Catches the Worm".

According to "National Financial Educators Council (NFEC) said, Americans lost $1,634 in 2020 due to the lack of financial management Skills". And also

The followings are some of the threads on children education on cryptocurrency.

https://bitcointalk.org/index.php?topic=5374104.0;all
https://bitcointalk.org/index.php?topic=1097198.1340
https://bitcointalksearch.org/topic/invitation-to-teach-bitcoin-in-a-school-5414239
https://bitcointalk.org/index.php?topic=5400834.40
https://bitcointalksearch.org/topic/are-your-kids-aware-of-bitcoin-teach-them-5392260
https://bitcointalksearch.org/topic/bitcoin-class-in-my-village-high-school-5403925

These are good examples of children education on cryptocurrency. I really appreciate them. I got those links through the search button on Google.