Topic: Get to know the Child Phase before teaching Bitcoin and Financial Management. (Read 265 times)

I agree with the op about the approaches to children based on stages and that 7-14 can be an age to start teaching kids how to use money. However, I believe that apart from teaching them to save up, it's also important to teach them how to spend, and that the purpose of money is to be the medium of exchange, i.e., to be exchanged for goods and services regularly. What's good about Bitcoin at this stage (maybe closer to its end, though) is that while a child cannot have a banking card, getting an Electrum wallet and a bit of BTC for a child is totally possible. As for 15-18 (because from 18, they're no longer children, at least in my country), this can be the time of thinking of how to invest money, how to hodl, etc. But yes, all of this shouldn't be forced upon children. Basic financial management generally should be taught and children should have a chance of trying to be financially responsible by maintaining some of their own funds (given by parents), but if someone is not into investments and/or into cryptos, it is totally fine.

There is time for everything simply. If you teach your child or anyone in general something at a wrong time, you have wasted your time and efforts, and they most likely will not learn it because they are not interested as interest contributes greatly to learning. Understanding the right time to teach someone something is also important and a good skill to have as an educator or teacher, it is what will distinguish you from other educators or teachers. As a parent, you must know this as well if you intend to teach your child about bitcoins, so it does not look like they don't want to learn about it and then you choose to stop and never mention it again.

Also for me, there is fixed certain age at which I would say that my child is now ready to start learning about bitcoins. Some children develop faster then others, and other slowly. As a parent you should be observant to know.

It may be Age 10 for some kids, for others it may be earlier, others later than Age 10. It is unique to every child.

It's pretty nice to acknowledge these four phases of our kids' growth in life and in the lessons we teach them. Knowing when it is right to impact them with knowledge of financial management

Most of us (like myself) really got fucked by some altcoins, but I think it will be an advantage to teach our children all of our experience in the crypto space so that they may not repeat our mistakes. also teaching them how possible it is to accumulate Bitcoin gradually instead of falling victim to shitcoins.

IMO, at age 10, they can be introduced to Bitcoin. It may be too complex to understand, but teaching it in a fun way will still catch their interest, although we should take the lecture gradually so as not to stress their brain. 

I have some favorite YouTube videos that I expose to my nephew.
https://youtu.be/2AawrjIxqdM
https://youtu.be/nqdv6Ad9Nt4
https://youtu.be/xvo_m_r2ubg

I don’t know what country you live in and whether you are a parent at all, but I feel very sorry for your children. A one-year-old child barely enters life, understanding who his father and mother are, and then you tell him about money? How do you get a two-year-old to save money? You don't let him drink more milk and eat more candy? In my opinion, you write complete nonsense and I just could not restrain myself from answering you.
My conclusion is that you are very poor and had a difficult childhood. Because my children, although they have long passed the age of babies, still do not know the price of clothes and toys and do not know the word "savings".
When I see posts like this, I just feel sorry for those children whose parents are depriving them of their greatest wealth. Namely, their childhood. All other little things, like bitcoin and money, will come as soon as the time of growing up comes. In the meantime, this is the formation of the psyche for life.

Stage 2 is indeed the right phase to educate a child about the financial system and its use where a child begins to understand finances.
However, in phase 2, if we educate directly about Bitcoin, it might be more difficult for a child to understand who still has to think about their education at school and is still happy to hang out with friends their own age in the school environment and outside the home environment.
It would be better if it teaches and provides an understanding of managing finances and the understanding of investing.
The rest can be taught a calm understanding of Bitcoin if you can really understand how to manage finances and investments.

This is the play stage and the child really need to be allowed to have all the fun around under the guidance of the parent, this stage is the free stage and from that stage, values are thought and how to identify left from right. But most importantly they should be allowed to have free growth and freedom this age is the only free period in their life so there should be no interference. Thanks and happy new year.
Exactly what is most important is that, bitcoin and every other form of financial education should be thought in practical terms and having motivation when it comes to Bitcoin is also very important, my little girl always picks interest in whatever am doing and at some point, I start talking to her about financial values but that is when she started talking and understanding things, financial values should be thought at the early stage to avoid building wasteful habits in the kids from an early age due to pampering from a parent. But when it comes to bitcoin since it requires technical processes kids should be fully involved with their parent activity and knowledge should be built in them both technical and theoretical.

You're a parent who only started disciplining your child at 7?

That must have been a hard time, imagine the shock of a fully conversant child (7 these days seem way more socially capable than 7 in the 1980s when I was that age).

I actually have had experience giving Bitcoin and teaching them how to protect it both below 15 and above 15 (siblings). Guess which one lost their wallet when I checked back? It's less about age and more about maturity (and a bit of luck and personality).

When you understand who's more likely to know how to store something like that, and who will always need a bank to remember passwords for them, you then also know how to help guide them to the appropriate apps.

Totally agree, I don't understand why it's so important to teach kids bitcoin when they have so much to learn besides bitcoin. I already have kids but I never thought would teach them bitcoin, there are more important things: teaching them how to be human and how to help others...there's a lot for them to learn before they even know about bitcoin.

I want to know who is teaching bitcoin to their children, and what is the real goal? Financial freedom? So are you financially free? What about people who are richer than us and they don't use bitcoin?

Useless article, it's just a common sense.

Is there any parents doesn't let the child play in their early ages? No.
Is there any parents doesn't teach responsibility, discipline, get closer with his child, and teach to make a wise decision? No.

The most important part for parents to teach their kids is about "privacy and security"

Make sure they learn how to live in simple, don't buy a branded things and don't show his wealth. What if he don't learn that and you've teach Bitcoin to him? I will expect he will say to his friend "hey I have x Bitcoin in my wallet, I'm rich!", when his friend got jealous, he will grab a knife and force you to send your Bitcoin/ask your seed phrase.

Losing 1BTC may teach the kid many things such as trust. While the article suggests 7-14 years old is the right time to teach a child about investment, I would first establish his skills to live without having the help of someone like teaching him to catch fish with a fishing rod or find a job even in Mcdonalds.

Let him start from the lowest and start climbing up and then let him join me to start a business together and then accept BTC payment. This is my plan when my kid is at the right age already. Maybe after this, he will learn reading charts and trade b better than me.

1.I don't think that anyone is going to teach his kid about Bitcoin/crypto/blockchain technology/hashrate/mining/desentralisation/cold wallets when the kid is under 15 years old.
2. Kids in the teenage phase(13-19) tend to be really rebellious and they question the authority of the their parents all the time. Teaching a teenager about Bitcoin/crypto could be double edged sword, because the teenager might decide that Bitcoin/crypto is something related to the older generations, which means something uncool.
3.The kids must receive proper knowledge about the fiat financial system first, before getting into the world of crypto.
4.The kids should be educated about the potential dangers of the NFTs, Play2Earn games and all other sorts of "shiny object" crypto scams.

the third phase is the most appropriate, because children aged 15 and over have started to have stable thoughts, and have calculations.
at the age of 15 years, children will understand more quickly what is explained, they will definitely be more responsive, for sure.
and the second phase, in my opinion, is not right, because at the age of 15 and under, thinking is still unstable, and you still play a lot with children of your age, you could say it's still too childish.

Based on this they make the school and high school education systems. I mean they have it planned and executed since ages now. Thats why we dont teach integrations to the 4th std students and A to Z to the high school standard students. :The education system that is approved is based on various boards. They take into consideration the brain capacity and how much an average student can grasp from the books. They never pick brightest students, they will always try to set the education system so that even average pick brightest students, they will always try to set the education system so that even average student can easily pass the subjects. As far as bitcoin education is considered it shall be the thing of high school and above. It's not needed earlier than that and later than that.

This stage is really suitable for teaching children to start saving and managing money, but not too rigid because children are still at a playful age. But I don't think it's reasonable to introduce bitcoin at this stage, they need knowledge about life, basic knowledge in school more than making money. If you just direct them to earn bitcoins, make money, they will surely neglect their studies and may drop out to earn money.

I just need my child to grow up and have the necessary knowledge, he can do whatever he wants, and as long as he has passion, any job can make money and become rich. Parents do not impose on me, and I do not want to impose on children.

Yes of course, parents and teachers are also there for the guidance. But I guess many of us probably encountered money even before we went to school, even before we were good in numbers. Those games like when a friend acts as a store cashier and somebody buys some stuff using leaves as money and we also give change are like practical games. That's what's going to happen in real life. We just have to learn some math and that's it.

I do think bitcoin is a bit too complex to be taught well at the second stage. I learnt a lot whe.i was about 13 but couldn't handle things like the number systems until much later (I did an advanced physics course when I was 17 and students were still having issues with that too so that could still be too young unless you've got a good way to teach them).


But you have probably relied on parents and teachers/educators to learn how to learn? If you're trying to teach someone something it's sometimes good to get near your limits of knowledge (especially if they're engaging with it and asking questions) and then allow them to grow from there. This might be a bit selfish though as it means they'll probably bring interesting facts of things you don't know and may find interesting or start to ask for help determining whether something is factual.

As a child I think I first learned about money by observation. When I went with my mom or grandma to the store or market, I used to be curious how a piece of paper could be used to get some meat or fish. That's probably the earliest time I learned what money actually is. And then there were also those moments when relatives give you money to buy something. Those were the earliest financial encounters I had. And then later on I wanted to buy some stuff which I had to save for first. That's financial management.

In the future this might all be digital though. And kids would be exposed to money much later than we used to.

Any education must be taken together with practice. Bitcoin is precious to practice and if your children make mistakes when making a transaction, bitcoin will be sent to a non exist address, they will lose these bitcoins.

You did not wrote about Test net Bitcoin that is very helpful for practice, for everyone, for you and your children.

Claim Bitcoin Testnet from faucets and use it for practice.
Wiki: https://en.bitcoin.it/wiki/Testnet
Faucets:
https://coinfaucet.eu/btc-testnet
https://tbtc.bitaps.com
http://kuttler.eu/bitcoin/btc/faucet/
http://bitcoinfaucet.uo1.net/
https://tbtc.mocacinno.com/

If we follow this phase we will be alienated to our kids since this thing will take us 15 years before we build a relationship with our kids which is I think too late.  Relationship building must starts at an early age.  It is where we should get our kids' trust.  Maybe there are lots of parents who follow this instruction reason why many parents and children did not establish a good relationship.

I also think that this is the right time to introduce financial learning.  Since in this age bracket, children somehow will understand how the economy works if thought.  This is the best age bracket for Bitcoin learning, may it be technical or economical.  So teaching kids about BTC earlier than this age bracket would be a waste of time IMO.


We can give them hints on the second stage but I still think the third stage is the best for Bitcoin focus learning.

We should teach them at the second stage because at that stage they can buy chocolates snacks and even rum errands, to make them understand that there is a digital currency known as bitcoin,this will help them know quick about bitcoin in other to join the moving train when it is the  right time for them. I heard a boy of 15 that his father has 7 btc and the boy was the next of kin to these bitcoin. Lack of proper knowledge on btc made him gave out one btc to someone.

From the age 1 kids starts to understand what is money. Because most of the kids were given with piggy bank and asked to save what is being given to them by parents and relatives. Some used to follow it, some used to break the piggy bank 

By the age of 2 the kids will somehow know about saving, and the kids start learning how to count and all. This is the stage were learning begins. These days kids are being taught with tabs and other devices which according to me is not required.

Teaching kids need to be made interesting. Only then learning will be effective. As suggested slowly introducing about money can be done, but the effective teaching should be after 10 years of age.

The second stage really look the perfect moment to introduce children to money management and responsabilities. It's the time when they get introduced to mathematics at school, so the subject of money management and responsabilities can start being taught to them as well. I would start telling children from 10 years old on about bitcoin and would guide them on their bitcoin journey through micro earnings apps and websites, where they can play games to earn btc. Of course it would be useful only as practical examples to get them used to bitcoin since an early age, because from the profitability point of view, it would be worthless.

Anyway, the interest of each child for the subject will vary from case to case and their natural inclinations for determined matters must be respected in first place.

As a parent, of course I want the best for my child's future. But we need to realize and understand that there are phases in the development of our children.

teaching financial management, Bitcoin and Crypto to our children is a great thing if it is taught at the right time or phase. and certainly not by coercion or pressure.

There are 4 important phases that we must know in children's education.

1. phase of play, freedom (live like a king).
This phase ranges from 0-6 years of age. and it is in this phase that the growth and development of the brain dominates. Emotions are also more studied in this phase. and in this phase we as parents have to praise and pamper children more lovingly. let children play and imagine freely. because this phase is an important phase in brain development and also an important phase in developing golden potential for children. things that need to be avoided in this phase are yelling at the child loudly, shocking the child is also strictly prohibited in this phase because it is fatal in inhibiting the neuron cells that are developing very rapidly in the child's brain and will make the child's potential become hampered or even extinguished or suppressed . so that when an adult the child will be very difficult to develop their own potential. what we can teach in this phase is to provide games that are interesting but contain educational and creative elements to stimulate the growth and development of children's intelligence.

2. Phase in the introduction of discipline and responsibility.
This phase is at the age of 7-14 years. So maybe it's at phass that we can start teaching children about money management. such as setting an example to children about saving. But it must be done slowly but consistently. We as parents must set a good example. and maybe a little hard on children at this age a little bit is allowed. because in this phase is the phase in the formation of our child's personality. so we have to really make children know a responsibility and discipline in life. and if we spoil children too much during this phase, it will actually make your child a child with a weak personality. in this phase also our children must be informed about what obligations they have to do. telling children about building a future and pursuing an ideal during this phase can be a motivation for them. and we tell them where the best places to save are. Introducing investment and crypto can also be started in this phase and of course at the level of basic knowledge.

3. The phase of building relationships with children (becoming friends for our children)
This phase is at the age of 15-21 years. well, in this phase we have to be more able to build relationships with children like friends. so that our children remain comfortable to talk to us. and the child keeps asking for solutions and discussing with us every time he gets a problem. and we must attach importance to rationality at this stage. we give advice like a friend as well as a parent. if we are too hard in this phase it will actually make our children close to us and even our children will prefer to confide in their friends rather than us. maybe in this phase we can introduce our children to our investments and all about crypto and bitcoin that we have learned so far. because of course at this age they will need this knowledge.

4. Phase of Freedom, Independence and trust.
 In this phase our child is an adult and let him become an independent person and be able to solve his problems independently. But our advice is still needed for our children. be it moral advice, life or financial advice.

References and basic sources of thought : Klikpsikolog.com