Had a talk with my son today about my bitcoins

bedford1972

jr. member

Activity: 266

Merit: 2

Quote from: Linh Ga on April 19, 2018, 10:54:00 AM

I sat my 7yr old son down and showed him my ledger nano and how to use it in case anything ever happens to me.
I explained there is electronic money on it and it will be his one day. Went through the process of wiping it and restoring with the seed. But reminded him never ever tell anyone about it is our secret.

He's a smart kid and was amazed at how it's secured by an extremely complex code and that no one can steal the money you can take it anywhere and it's safer than a bank because the ledger is a bank itself (i know that's not quite correct but still). I didn't tell him how much are on there but told him one day it will be extremely valuable that's why I'm telling him about it is for him when he grows up.

Later that day we talked about how to secure the seed and printing it on a metal plate. He thinks it is so cool.

It amazed me how a child instantly understood it and showed how cryptos are for the future generations not us. We are early adopters so buy at least 1 bitcoin for your kids. Just might set them up for life.

Now children are smart beyond their years. I have no idea what will happen in 10-15 years. I hope that by this time I will have already made a small, and better, big capital to also teach children to use the opportunities of this market. I know for sure that it will be easy for them. The analogy with mobile devices comes to mind. Perhaps the younger generation will create something revolutionary in the crypto industry, which will make the market even more interesting and profitable. The main thing is to approach the training of the child wisely, so that he did not slip all the means in the first few years. It is better to just talk about the cryptocurrency, but do not show where it is stored and how much it lies.

n0ne

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These days the kids were very smart to grab technology based learning in a much shorter time period. Most of the kids easily gets adopted to it as well, which makes the future usage of digital assets much more than the present. At any instance they need to be taught about the technology, should never force to learn which is not right.

Pakwan12

newbie

Activity: 119

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Great so that in the future your son have an idea about the bitcoin.

ronaldsam

newbie

Activity: 112

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That's nice talking to your son about your bitcoins or how much you've earned for using bitcoin and he got an idea if he's playing his bitcoin old age. but he can start now to accumulate a lot of bitcoins.

emanjun

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Activity: 252

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Quote from: Purwal on April 19, 2018, 11:15:52 AM

Man, you are so right about future generations who will be main users of cryptocurrencies. Thanks for idea about securing my crypto assets for my kids. I think I will do it as well.

Introducing bitcoin towards new generation is such a brilliant idea. We cant deny that this kids will surely have a potential to become a successful person in the future by the help of bitcoin. Introducing them bitcoin early will decrease their curiousness about bitcoin because they will have a little knowledge about it. We should introduce them bitcoin in a way that they will surely understand what we are talking all about. We should teach them one step at a time so that their knowledge and ideas about it will not be scramble.

realcrypto

member

Activity: 476

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This is a great thing you have done for your son. If you do not teach your children about bitcoin and how it works they may learn it from peer group in a negative way. Just make sure he do not have access to it now because children like experimenting.

POM

sr. member

Activity: 547

Merit: 254

Wow, this is a very cool writing. It’s great that you tried to make sure ur son learn about crypto. I also agree with you, everyone should give it a chance and but at least 1 btc as you said. The kids are amazing these days, they’re much more clever than us Grin

veleten

legendary

Activity: 2016

Merit: 1107

that was a crazy decision to tell your kid about the electronic money
he is not mature enough to understand it and you run a risk of losing your coins because of that
in my eyes cons outweigh the pros in this case quite heavily
not even talking about the security risks,a kid could boast about it,someone could use him to take that Nano of yours under any pretext etc.
seven year olds cannot be trusted with such info,but you can an should educate him about bitcoins and money without endagering your life savings

Bitcoin.Expert

member

Activity: 101

Merit: 10

I told my son about Bitcoin –a crypto currency that has changed the face of banking. Actually he knows a little bit about bitcoin by playing a game based on it. I also told him that bitcoin has evolved as a great investment opportunity for people.

Moiyah

member

Activity: 630

Merit: 20

Quote from: bartolo on April 19, 2018, 03:27:23 PM

Although the child is very intelligent and has understood everything perfectly, I think it would be a good idea to write the instructions on paper and keep this paper in a safe place.

Or you can place it in a volt in a secret place where you two only knew where it is. Your son was indeed an easy and fast learner. Though, you have to keep in mind that there are still consequences later on for telling him about it since curiosity took him in.

I believe strong foundation and knowledge about cryptocurrencies will start the future of our children. Instilling it with their mind at an early age will surely contributes to this kind of technology offered by crypto. Your advice hooked me up. I shall buy at least 1 or 2 bitcoin for my child and let it store until she grows up. We may not know how much it will cost in the next years.

JerryJam

member

Activity: 238

Merit: 11

It's right that you teach your children the right attitude to money.Modern children very quickly learn new information They are always interested in everything new. I think that in 7 years the child will not understand what bitcoin or blockchain is.When he grows up, maybe he'll be interested. And maybe Vice versa.

Kittygalore

member

Activity: 868

Merit: 63

I think they should be really get involved and get curious about these things because this will enable them to think deeper in life. It is like making them responsible for they will have a little job as we say. And also it is not bad buying them bitcoin because bitcoin has its price growing in a long span of time, maybe when he is a grown man he remembers it and bitcoin's price is far beyond its price right now right. It can help them in countless of ways.

Roukawa

member

Activity: 546

Merit: 10

Quote from: Linh Ga on April 19, 2018, 10:54:00 AM

I sat my 7yr old son down and showed him my ledger nano and how to use it in case anything ever happens to me.
I explained there is electronic money on it and it will be his one day. Went through the process of wiping it and restoring with the seed. But reminded him never ever tell anyone about it is our secret.

He's a smart kid and was amazed at how it's secured by an extremely complex code and that no one can steal the money you can take it anywhere and it's safer than a bank because the ledger is a bank itself (i know that's not quite correct but still). I didn't tell him how much are on there but told him one day it will be extremely valuable that's why I'm telling him about it is for him when he grows up.

Later that day we talked about how to secure the seed and printing it on a metal plate. He thinks it is so cool.

It amazed me how a child instantly understood it and showed how cryptos are for the future generations not us. We are early adopters so buy at least 1 bitcoin for your kids. Just might set them up for life.

It is good to see how a little child is interesting about nano ledger. It seems like he was curious about cryptocurrency and it is a good choice that you let him to know about this stuff. As a parent, we should let our childrens to be aware about this, we must teach on how to use cryptocurrency in order for them not to become an ignorant someday. But we need to control them, we must control our facts and lesson for them in crypto because they should learn it in gradual process. Everything takes time and we must wait till there's an opportunity to say it to them.

CASTIEL05

member

Activity: 560

Merit: 13

Quote from: Linh Ga on April 19, 2018, 10:54:00 AM

I sat my 7yr old son down and showed him my ledger nano and how to use it in case anything ever happens to me.
I explained there is electronic money on it and it will be his one day. Went through the process of wiping it and restoring with the seed. But reminded him never ever tell anyone about it is our secret.

He's a smart kid and was amazed at how it's secured by an extremely complex code and that no one can steal the money you can take it anywhere and it's safer than a bank because the ledger is a bank itself (i know that's not quite correct but still). I didn't tell him how much are on there but told him one day it will be extremely valuable that's why I'm telling him about it is for him when he grows up.

Later that day we talked about how to secure the seed and printing it on a metal plate. He thinks it is so cool.

It amazed me how a child instantly understood it and showed how cryptos are for the future generations not us. We are early adopters so buy at least 1 bitcoin for your kids. Just might set them up for life.

We can't deny that children in today's generation are fully updated and technological oriented. They can easily adapt what we will teach to them using internet amd gadgets. There are children that are mentally wise than their own parents and you are lucky because you have a son that has a curiosity about cryptocurrency. For a 7 year old kid, playing games are their priorities but look at your child, he has a big question mark about the trend. It means that your child is a future millionaire.

sazon84

full member

Activity: 336

Merit: 100

My son is 4 years old. While I did not tell him about Bitcoin and Crypto-currency. But I think that at the age of 7 years, a child can understand much already. I hope that in a few years the study of blockchain will be introduced into the school curriculum. If not, then in the world there will be many developmental activities for children on this topic.

azhariejaya

full member

Activity: 546

Merit: 112

as a parent that knows bitcoin is a good choice to introduce about bitcoin/cryptocurrency early to children, but not only about how to get profit, we should teach our children about features of cryptocurrency as a technology of the future as well as the risks behind the cryptocurrency investment.

mylyn2327

member

Activity: 294

Merit: 12

It's a good idea that you explained about cryptos to your son at his early age. If I will have my own child someday, I will love to do it also. I will explain bitcoin to him/her little by little and if my child reach the right age and can fully understand then I think that's the time to share the real secret (private keys).
Keep what you're doing make bitcoin as one of your fruitful conversation with your son.

Dark_raven007

newbie

Activity: 224

Merit: 0

7 years is early. At 15, the blood will boil. And it is not known where to delay. I would say that there is money, but I have not told all the secrets yet. And, if you are not sure about your future, you would leave somewhere a hint about it (in your favorite place). In general, it's up to you. But of course, we must think about the future. not only live one day.

Virtual miner

sr. member

Activity: 728

Merit: 275

That is so cool!! Every time I come across youth, I get inspired by their young vibes and energetic behaviors. It's so good to see them bubbling with lively thoughts and budding with fresh n innovative ideas. I love to interact with them and share their point of views. It adds to my level of knowledge.

Your 7 year kid is too cool man!! It is good to hear something of this sort that how our youth is going to carry the legacy we will leave behind for them. Whatever we do today is going to be a bequest for thee coming generations. So let us leave something innovative for them to do wonders in the coming time.

Dudeperfect

hero member

Activity: 1190

Merit: 534

It's a great thing that you are discussing it with your kid and I am sure with these efforts, he will feel much confident and familiar in the coming decades as we are heading towards decentralized era.

Quote from: Linh Ga on April 19, 2018, 10:54:00 AM

seed and printing it on a metal plate.

However, I would advice you thinking again in this regard because it is not recommended to make even a single digital copy of seed key. You never know which program might pull it from your computer. Precaution is better than cure, don't you think so?

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