Exposure to bitcoin at young age - page 3.

eightdots

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Quote from: jrrsparkles on May 28, 2024, 03:25:20 PM

Quote from: arhipova on May 26, 2024, 10:18:53 AM

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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Quote from: arhipova on May 26, 2024, 10:18:53 AM

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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Quote from: khalidkhan82118 on May 31, 2024, 07:12:40 AM

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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Quote from: AnonBitCoiner on May 31, 2024, 12:26:21 AM

Quote from: rhodelmabanal on May 30, 2024, 06:38:51 AM

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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Quote from: arhipova on May 26, 2024, 10:18:53 AM

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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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.

khalidkhan82118

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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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Quote from: arhipova on May 26, 2024, 10:18:53 AM

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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Quote from: arhipova on May 26, 2024, 10:18:53 AM

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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Quote from: Solosanz on May 26, 2024, 10:33:06 AM

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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Quote from: rhodelmabanal on May 30, 2024, 06:38:51 AM

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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Quote from: arhipova on May 26, 2024, 10:18:53 AM

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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Quote from: moneystery on May 30, 2024, 11:40:40 PM

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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Quote from: ThemePen on May 30, 2024, 01:04:15 AM

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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Quote from: arhipova on May 26, 2024, 10:18:53 AM

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 ?

Young age young minds, i think it is better to not to rush them or informed them about bitcoin because even if we don't told them about crypto they might know it with thier own,look at how many people using new gadgets,using social media,promoting projects,apps,etc.,almost everyone has its own cellular phone or laptop,or even computer,the new generation is not like what old generation is,the curiousity level is so high and everyone is becoming wild in using gadgets sometimes they use it to scattered fake news or scam others,we are in a new type of generations so even if we don't told them crypto will become so very popular to them.

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Quote from: Razmirraz on May 30, 2024, 10:19:14 AM

Not all young people have an interest in investing in Bitcoin, people's diverse personalities will make life more varied. I will teach about Bitcoin to anyone who is really serious about learning it, of course I really hope that more young generations will have an interest in Bitcoin because this is the most profitable asset in the future.

Youth are still very productive, they still have more time to learn than older people who have a lot of business and also responsibilities for their children and wives. It is also easier for the younger generation to learn Bitcoin and Blockchain technology because of their closeness to technology that continues to develop, they can also understand well how to study technical analysis to make it easier to make decisions when they want to invest.

Yes, young people may be more inclined to new technology and gain advantage on it, but we can’t be sure enough if majority of them will favor bitcoin. But it’s still an edge for them if they’ll learn and get exposed to bitcoin at an early age, not only for investment purposes, but most probably they can also use it to interact with other people that dwell on bitcoin and its crypto space.

However, if they develop interest into bitcoin along its learning process, then that would be better. At least they can still guarantee a brighter future somehow, that is if bitcoin will continue to exist for more decades. And if they won’t but would favor those traditional investments, that’s already their personal choice. But one thing is certain, they should get a stable job first and gain fixed income before they risk some hard-earned money into investments.

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Quote from: Razmirraz on May 30, 2024, 10:19:14 AM

Not all young people have an interest in investing in Bitcoin, people's diverse personalities will make life more varied. I will teach about Bitcoin to anyone who is really serious about learning it, of course I really hope that more young generations will have an interest in Bitcoin because this is the most profitable asset in the future.

Youth are still very productive, they still have more time to learn than older people who have a lot of business and also responsibilities for their children and wives. It is also easier for the younger generation to learn Bitcoin and Blockchain technology because of their closeness to technology that continues to develop, they can also understand well how to study technical analysis to make it easier to make decisions when they want to invest.

What you say is very true, not all young people like investing in Bitcoin and this really depends on someone who likes technological development, if you can teach other people about Bitcoin of course that is very good but after that we have to return it to them whether whether they will invest or not and never force them to invest, because this will really depend on a person's readiness in their financial condition.
It is true that they have more free time to learn Blockchain technology and this will certainly benefit them in the future if they can start at a young age.

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Quote from: arhipova on May 26, 2024, 10:18:53 AM

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 ?

Even if not for anything, it should be for educational purpose. We need to train young children about financial literacy instead of those curriculum about the old fashion style of money, they need to be aware of the new digital asset but it's not good to expose them to the realities of owning, giving them or allowing them to use will shift their attention of things they are supposed to do.at younger age fastly to adult age and because they are young, they might not use it as supposed.

If my parent were financially literate the way I'm today, I'm very sure that by the time my children reach the age where I'm today, they should be able to be proud of their dad because I would make sure there is something I will keep for them so when they reach the level of adulthood, they will be better than the version of me, focus on investment and not be able to differentiate between Bitcoin and other scam investments.

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Quote from: kotajikikox on May 29, 2024, 06:08:57 AM

Quote from: fuguebtc on May 29, 2024, 05:54:49 AM

Do you think if someone knows about bitcoin and just spends time learning about the technology and how it works without taking advantage of it to make a profit? I don't think anyone can do that, especially young people who always desire to get rich and even have the idea of getting rich quickly.

It’s true that some people are too greedy but I don’t think that that should hinder them from learning about bitcoin still. Greed and impatience can be changed over time with effort and dedication. New knowledge is always helpful if we just learn how to manage and control it.

Besides not a lot of people would be able to invest right away no matter what they try to do due to lack of funds. Still it’s nice to have that knowledge in store.

But we are talking about young people, impulsive people who always want to get rich quickly, people who never like to listen to other people's advice and just do what they want. That's why I say that exposing young people to bitcoin, along with its advantages, will also have disadvantages.

What I fear more about young people is that when they don't have investment capital, they won't think about going to work to earn money to invest. Instead, they may lie to their families to ask for money or worse, steal. Young people have very shallow thinking, which is why in most educational programs, they will be taught about philosophy, social subjects... it is not the right time to focus on teaching them to earn money.

Quote from: Hypnosis00 on May 29, 2024, 11:46:19 PM

Money is not a big problem if we really have to make it happen. Parents could give support if they know their kids have a good plan in their lives.

If you know and believe that your child has a good plan and a good life mindset, why not tell him to find a way to make money on his own? Teaching children to be dependent or dependent on their parents is not necessarily a good thing.

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Not all young people have an interest in investing in Bitcoin, people's diverse personalities will make life more varied. I will teach about Bitcoin to anyone who is really serious about learning it, of course I really hope that more young generations will have an interest in Bitcoin because this is the most profitable asset in the future.

Youth are still very productive, they still have more time to learn than older people who have a lot of business and also responsibilities for their children and wives. It is also easier for the younger generation to learn Bitcoin and Blockchain technology because of their closeness to technology that continues to develop, they can also understand well how to study technical analysis to make it easier to make decisions when they want to invest.

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