Topic: Is age a limitation in Bitcoin - page 5. (Read 1742 times)

I think you have the wrong interpretation about age. You can't climb a tree in a hurry, if you want to climb up you have to go to the base of the tree first and make preparations. You need to know and understand many things initially like transactions, scam, wallet maintenance etc. And these experiences require a lot of time. Similarly, you may have created a wallet with the help of someone and kept depositing BTC, this is undoubtedly good, but you have to remember that due to lack of experience, you may lose everything. So you have to give priority to age and be careful.

Holy shit, my apologies for going full retard, sir...
Here's the revised version

Bitcoin is naturally designed the way it is, there is no strict restrictions against any individual for investing in Bitcoin. Bitcoin doesn't question investors age, status, location or even the amount being invested. This technology is free and fair to everyone, there's no bound to any kind of person that can invest into Bitcoin and that's the reason why I love the technology. In my country, children can have a bank account but the account will be created and operated by the parents of that kind until the child is above 18 years old.

Holy shit.  Both this thread, and OP's framing of the topic has to do with bitcoin, but you seem to not even know how to use the word bitcoin in your post, and so you end up talking about some vague and amorphous concept.. . .. which seems to relate to shitcoins. .. but hey, who knows what you are talking about, especially since you failed/refused to even say the word bitcoin in order that anyone reading your post might attempt to get some kind of a bearing upon what you mean.


Wow!!!  At least you did use the word "bitcoin" once.. Otherwise, you mention "crypto" whatever the fuck that is?  six times, and maybe since cited a couple articles that also speak in the language of gobble-dee-gook, then you believe that it is acceptable to repeat such gobble-dee-gook ways of speaking?

Yes, minimum age of 16 to 18 years is required to open a bank account.  But there is no specific age limit for investing in Bitcoin or opening a Bitcoin wallet.  Anyone from any age can invest and save it.  But I think there is a time for everything.  Earning money can be done at any age, but it is better not to get involved in Bitcoin or forums until you are an adult.  Because every work has an age.  If someone gets involved in Bitcoin or a forum before 16, I don't think they can properly maintain or control it.

On some point a statement like that is good but sometimes it doesn't apply in real life since situation on some people might different. Maybe there are some minors are earning well on bitcoin but for sure there's a lot of them can't decide well on what to do and they are the usual target of those scammers. That's why its good to follow certain age restriction since that rules has been made to protect minor children to get away with those scams and other risk that can cause put them in trouble.

Also they might encounter an issue regarding on their wallet providers and exchange since usually they require their users to be at legal age.

   Most exchanges mandate a minimum age of 18, in keeping with KYC requirements. It doesn’t matter how clearly you’ve scanned your documents and signed your name: if you’re underage, you’re not getting in. Millennials have a greater interest in cryptocurrency than any other age group. If 18-year-olds are big on bitcoin, it stands to reason that their younger tech-savvy siblings will be just as curious. Many well-known bitcoiners got into cryptocurrencies at 16 or younger and have been hooked ever since. Some of bitcoin’s earliest miners were quite literally minors. Coinbase used to permit under-18s to buy bitcoin in fact but have since debarred them from signing up. You don't have to be of legal age to buy or even trade Bitcoin. You can own cryptocurrency even as young as 13 years without getting into trouble.
  It's important to note that while there might not be age restrictions at the protocol level, there could be legal and regulatory considerations depending on your jurisdiction. In some regions, there may be age-related restrictions or requirements for engaging in financial transactions, which could impact the use of cryptocurrency. Additionally, parents and guardians should be aware of and monitor the online activities of minors, including their involvement in cryptocurrency transactions. Cryptocurrency investments and transactions carry risks, and it's important for individuals, regardless of age, to have a good understanding of the associated risks and responsibilities. Before getting involved in cryptocurrency activities, it's advisable to check the terms of service of the specific platforms you intend to use and be aware of any legal requirements in your jurisdiction. Always prioritize security and follow best practices when using cryptocurrency wallets and exchanges.

it free for everyone and has far as you can read then you don't have a problem because there are language settings that you can switch to any language of your choice, this shows that it is for everyone if you can read then age dose not matter. because even after creating a wallet you will be given instruction of not to share some particular information with anyone and even not to take a picture and that is why you can not even make a screenshot all this are measures to keep your assets safe, the only thing is that children should be out of the everyone we know how children can be playful, if they get other then you can introduce them.


yeah age is not a problem but the intended investor needs to be matured to be able to manage is emotions, and make decision like if I don't make profit am not selling, because teenage age is always a period for fun, so if your not matured then you have all the fun then when your ready you can invest. make sure anyone your introducing have a more matured mind to be able to take risk and not take responsibility instead of blaming people. and investing when your young and leaving it for a long time can bring you some fortune, the orientation you give to the person your introducing will help them   determine if they can hold or even stay since some people are into trading.

It's said that the wisdom of Solomon has nothing to do with the age of Methuselah, meaning that to hodle Bitcoin has nothing to do with age, what matters is to have accurate knowledge of how it works, so an older person without crypto knowledge can not hodle Bitcoin, while a younger person with the experience can. The uniqueness of Bitcoin decentralization is that a person can hold it and if he can do p2p transactions without using the exchange services, then it wouldn't matter if his underaged or not, so far he's experienced on how to protect his wallet, where age counts is when using KYC on CEX or withdrawing fiat in banks.

Let me tell you something if you haven't known it yet but there's a forum member here in bitcointalk who is old and is a bitcoin enthusiast and that didn't stop him acquiring bitcoin so I would say bitcoin has no age limit. Anyone can have bitcoin and it's up to the person if he/she wants to own Bitcoin or not. Well, for older people doesn't have a lot of time because of the age but it doesn't mean he/she can't own bitcoin and it is also good if you are young and already in crypto world with more time and opportunities.

There is no age limit for Bitcoin, everyone can have it.
Even an unborn baby can own Bitcoin and then become an easy investor for Bitcoin. But of course it needs good policies to start holding and managing these investments. Even now teenagers have entered the crypto world and invested in Bitcoin and altcoins. Minors have an investment amount that they buy themselves and they learn lessons from their parents.
That became the initial education to start investing and start getting to know crypto.

There is no age limitation in Bitcoin just like bank will have 16years upwards and the old may not be able to handle transaction at old age. It's not thesame thing to Bitcoin too. Bitcoin. For example bitcoin transaction need who is educated and can operate the wallet without a third party. The third party is the cause why bank has a rule which restricts underaged persons. That is the important of decentralization.

Of course age is not a problem for Bitcoin. Starting Bitcoin at a young age is a good decision and a personal one. But sometimes a minor can make the right decision, but yes, an adult's decision is more mature than a minor's in future decisions. After investing in Bitcoin, if the price of Bitcoin goes down, many of the minors or adults may make a mistake in making the next decision, in this case, the minor makes such a decision.  Can make more mistakes. However, this is a normal phenomenon due to age differences. Be it small or big, our money will be safe in future if we do take care of personal wallet and Bitcoin from the beginning.

Op they can actually keep an eye on your wallet by using the blockchain to track your transaction activities but without them knowing the person behind the wallet, that's where the fun begins from. When creating a wallet, they don't actually require any KYC and that is why you can create as many wallet as you can for even an unborn child, and you can even start accumulating for your child. But exchanges would require a KYC from the user which means, you cannot register with more than 1 verified document. However it cannot be compared with traditional banking system and that is why Bitcoin is far more better than what a traditional banking system offers.

Though I will say no then at a long run I said yes , because why I said no is  someone can still open a Bitcoin account for his son at very tenter age ,maybe from 6years and above and start monitoring the line for him till he grows maybe at the age of 18years then you show him the way forward,with this few point of my you will notice that age can never be a limitation in Bitcoin,even as we speak many has stopped saving money for their kids in bank , instead of saving money they open Bitcoin account for their kids and even their unborn children so if they grow they can manage the acct on their own that's why I said age can never be a limitation in Bitcoin.

Lol, why the main point is about getting harassed? It's too much to say above 16 years old people are shame because they're using fiat, actually we're all except El Salvador are still using fiat. I even doubt most people invest their money, most of them choose to save their fiat and hand it to banks.

For the record, there was 12 years old kid bought Bitcoin https://www.unilad.com/technology/erik-finman-bitcoin-12-year-old-millionaire-invest-798094-20231207

Yes, no age limit in using Bitcoin but you must be mature and knowledgeable on how to download good wallet to store your Bitcoin for long period of time and how to keep your seeds phrase away from scammers, no matter the age you are in the industry. But it will be favourable if a child can be above 15 age before having interest on Bitcoin, because at the age of 15 or 16 such children are about to round up their secondary level and they have mature to differentiate between bullish season and bearish season in the market. In this industry, once you have the knowledge of Bitcoin and crypto you are good to use Bitcoin or crypto positively and nobody can harass you like the way they use to harass children that are not up to 16 age using fiat money.

The requiring factor is proper exposure and the right information impacted to him. We know psychologically Development goes along with Age and generally the accepted legal age is 18 years.

The sole reason for age restrictions in any financial market or transaction is because, they consider you don't have a proper source of income to finance your portfolio and at  that stage don't have enough emotional intelligence when it comes to investing.

In a decentralized system like Bitcoin the most important factor is knowledge and understanding to help you in good decision making process, it's not a matter of age, the financial world is open to all.
We have seen youngsters with result that started investing from 15, 16, 17 years of age.

Prioritizing the right skill set over age, we can consider one an adult yet he is making silly mistakes and decisions.

Centralized systems have age restrictions.  In the bank, a young boy can't open any account and I think a person above 60 also can't open Bitcoin but thanks to Bitcoin it releases us from this tension. If you know about Bitcoin you can invest and earn money and no one has the authority to ask you about it. This is the real financial independence that Bitcoin gives to us no one has any right to ask you about your profit and your age restriction but I think a 16-year-old boy is too young for Bitcoin investment perhaps Bitcoin won't ask him about his age but understanding bitcoin is also necessary if you don't then how will you earn and safe your income.

Op even at that there are some centralized exchanges that you will like to use would asked you your ID both front and back and in that your details are clearly written there so if they see that you are under age then you will be restricted. Though he can use decentralized exchanges. But if the person mind is not strong enough to face some of the language in various platforms he might be using, he might be demoralized. So it is always good for some to start cryptocurrency investment when he has attained the adulthood so that the mind would be strong enough to defend himself. In cryptocurrency investment the languages are not meant for under age but for adults. You can only engage on buying and selling of cryptocurrencies (trading) or only in investment but even at that you must communicate with others. So your mind must be prepared.