Is age a limitation in Bitcoin - page 6.

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Quote from: Ethan151 on March 27, 2024, 04:54:17 AM

Hi there to all of you. One of the most amazing things I've noticed about Bitcoin is that it doesn't have an age requirement before using it or creating a wallet. In traditional banking, however, one must be 16 or older to open an account, unless they have assistance from a guide who helped them do so. Additionally, no matter how young you are, no one can question you about how you make money because no one keeps an eye on your wallet.

There is no age limitation that can possibly be enforced. Bitcoin is completely open to all and not even the government has the power to prohibit it. All it takes is an internet connection.

Now as to the question of whether a parent imposed age limitation is wise:

Is a $1 dollar bank note alright for children to have? What about $10? $100? Of course it is alright for them to have and spend and do whatever they want with it, but whether or not the child has been educated on how to use it and spend it responsibly is the parent's job. Teach them about Bitcoin and how to use it responsibly.

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If you are of mature age when it comes to investing, you will be less likely to make mistakes in these decisions and you will be able to make informed decisions. But investment can be made even if the minor is not an adult if the minor investor can take proper investment decisions. There are stages of age and by considering stages of age we think at what age people are somewhat mature and at what age maturity does not come in people. A person at the age of 30 to 40 will not take decisions in the same way as a person at the age of 14 to 18 will take decisions regarding their investments or other matters but they will take what they think is right at that time. However, a minor can also earn profit by investing if he has the ability to make sound investment decisions.

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Quote from: Ethan151 on March 27, 2024, 04:54:17 AM

Hi there to all of you. One of the most amazing things I've noticed about Bitcoin is that it doesn't have an age requirement before using it or creating a wallet. In traditional banking, however, one must be 16 or older to open an account, unless they have assistance from a guide who helped them do so. Additionally, no matter how young you are, no one can question you about how you make money because no one keeps an eye on your wallet.

Yes right, In bitcoin there is no limitation how old you are, you can create wallet and keep your bitcoin save there, but, the problem now, many exchange have limitation to create account to buy bitcoin and send it to you own wallet. With this problem and situation, you must think to search exchange where don't have limitation age, and send it. P2P exchange is solution if you under 16. but you have to pay attention too, because many P2P exchange out there who deceive their customers, You have to look for a trusted P2P exchange to get bitcoin and hold it on your non custody wallet.

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Quote from: Ethan151 on March 27, 2024, 04:54:17 AM

Hi there to all of you. One of the most amazing things I've noticed about Bitcoin is that it doesn't have an age requirement before using it or creating a wallet. In traditional banking, however, one must be 16 or older to open an account, unless they have assistance from a guide who helped them do so. Additionally, no matter how young you are, no one can question you about how you make money because no one keeps an eye on your wallet.

This is where liberty and freedom of Bitcoin comes to play. The fiat and the traditional banks will give you a lot of conditions while bitcoin will give you no condition. In as much as you can use the internet and able to accept the consequences of your decisions, you are good to go with bitcoin investment. The only thing that people fear is the technicality of bitcoin. But then, one doesn't need to be a guru in order to invest in bitcoin. A basic knowledge is enough irrespective of age.

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Quote from: Ethan151 on March 27, 2024, 04:54:17 AM

Hi there to all of you. One of the most amazing things I've noticed about Bitcoin is that it doesn't have an age requirement before using it or creating a wallet. In traditional banking, however, one must be 16 or older to open an account, unless they have assistance from a guide who helped them do so. Additionally, no matter how young you are, no one can question you about how you make money because no one keeps an eye on your wallet.

There are smart 13 year old kids who can operate a blue wallet and they were not born that with it but because someone like a dad or much probably an uncle taught them about it and it's use, which makes 16year old old enough to get involved with bitcoin if you ask me. It's not about the age it's about the interest and intellectual capacity and learning speed of the child that matters. Bringing our children closer to know about bitcoin investment and other usefulness of bitcoin when they are still young can only make them have a foresight to the financial future ahead putting your kids ahead of their mates who lack this knowledge on time...

And it's not something you get worried about as a person about what people will say regarding how you make your money as long as you're making it legitimately you don't worry about them.

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Quote from: Kristiyana on March 29, 2024, 04:43:44 PM

In my own opinion I think is not advisable for children to go into bitcoin investment, reason been that there are a lot of scammers in the internet looking for who they will scam. you know children are very easy to get carried away, they are so easy to brainwash. Just imagine how we are still struggling so that we won't get scammed, talk more of children who doesn't have any idea on what is going on in the internet.

You're right. Kids and crypto don't mix well. As caring adults, we need to protect our children from the potential dangers of the online world.

The internet can be a treacherous place, filled with dubious characters hoping to take advantage of the naive and innocent and children typically lack the knowledge and wisdom to navigate these shark-infested waters safely. They're simply not equipped to comprehend the risks involved. So it's best to keep crypto away from kids until they mature both intellectually and emotionally.

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Quote from: m2017 on March 28, 2024, 11:31:31 AM

Quote from: Ethan151 on March 27, 2024, 04:54:17 AM

One of the most amazing things I've noticed about Bitcoin is that it doesn't have an age requirement before using it or creating a wallet.

In theory this is true, but in practice, everything is a little different. Children too young and people too old will still have problems with this. Also, there is a category of people, even middle-aged, for whom it is mission impossible to understand the settings of their smartphone. What can we say about creating and using a bitcoinwallet. This is why it turns out that there is no age limit for using bitcoin, but there are personal limits that prevent this.

Quote from: Ethan151 on March 27, 2024, 04:54:17 AM

In traditional banking, however, one must be 16 or older to open an account, unless they have assistance from a guide who helped them do so.

Well, yes, minors may have difficulty opening bank accounts, but what is stopping them from using cash? Nothing. But this only works offline.

Bitcoin allows such young people to receive payment online and this provides unlimited opportunities for the implementation of online business plans.

Quote from: Ethan151 on March 27, 2024, 04:54:17 AM

Additionally, no matter how young you are, no one can question you about how you make money because no one keeps an eye on your wallet.

Unless you provide information about yourself, which will allow your specific identity to be associated with bitcoin wallets. Blockexplorer in public access.

In my own opinion I think is not advisable for children to go into bitcoin investment, reason been that there are a lot of scammers in the internet looking for who they will scam. you know children are very easy to get carried away, they are so easy to brainwash. Just imagine how we are still struggling so that we won't get scammed, talk more of children who doesn't have any idea on what is going on in the internet.

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Quote from: Ethan151 on March 27, 2024, 04:54:17 AM

One of the most amazing things I've noticed about Bitcoin is that it doesn't have an age requirement before using it or creating a wallet.

In theory this is true, but in practice, everything is a little different. Children too young and people too old will still have problems with this. Also, there is a category of people, even middle-aged, for whom it is mission impossible to understand the settings of their smartphone. What can we say about creating and using a bitcoinwallet. This is why it turns out that there is no age limit for using bitcoin, but there are personal limits that prevent this.

Quote from: Ethan151 on March 27, 2024, 04:54:17 AM

In traditional banking, however, one must be 16 or older to open an account, unless they have assistance from a guide who helped them do so.

Well, yes, minors may have difficulty opening bank accounts, but what is stopping them from using cash? Nothing. But this only works offline.

Bitcoin allows such young people to receive payment online and this provides unlimited opportunities for the implementation of online business plans.

Quote from: Ethan151 on March 27, 2024, 04:54:17 AM

Additionally, no matter how young you are, no one can question you about how you make money because no one keeps an eye on your wallet.

Unless you provide information about yourself, which will allow your specific identity to be associated with bitcoin wallets. Blockexplorer in public access.

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Age is never a limitation to learning or using Bitcoin, it's more of the mindset of the individual. the essence of creating Bitcoin by Satoshi was so that there won't be a restriction to your financial activities. One will argue that a child may not know how to handle or open a wallet but with the right guidance, it's not going to be much of a challenge. The traditional banks will ensure you are at a certain age to open an account and they will know you're underage because you'd need to appear in person as if that's the assurance that your account will not be tampered with as they please but that's not the case with Bitcoin, since you take responsibility for it and the only thing you need to worry about is ensuring your coins aren't on centralized exchanges and you don't misplace your keys, so I think just about anyone can handle this.

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Quote from: Ethan151 on March 27, 2024, 04:54:17 AM

Hi there to all of you. One of the most amazing things I've noticed about Bitcoin is that it doesn't have an age requirement before using it or creating a wallet. In traditional banking, however, one must be 16 or older to open an account, unless they have assistance from a guide who helped them do so. Additionally, no matter how young you are, no one can question you about how you make money because no one keeps an eye on your wallet.

No age has been restricted to use bitcoin since everyone have freedom to decide on what they want to do in life. But for using multiple platforms and use them maybe they make sure that they are at legal age so there's no question will happen to both sides of gambler and the casino owners.

But banks can ask that and its not impossible as you think since they could able to a lot of things and also can able to do good decision base on what scenario he is also looking.

If you try to throw allegation to the government then provably we cannot advance on something important for us to serve.

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Quote from: _act_ on March 27, 2024, 04:59:20 AM

But under 18 can find it difficult to use exchanges and platforms that are centralized. You are right because bitcoin is not centralized but decentralized and you can get your coins through decentralized exchanges or to buy it directly from someone selling bitcoin like such service offer on this forum.

After the emergence of regulations regarding mandatory KYC for users of centralized exchanges, currently minors cannot make exchanges or withdrawals on these exchanges, but because Bitcoin is completely decentralized, it is very possible that everyone can still invest with Bitcoin, this is one of the advantages of Bitcoin because with bitcoin we can freely manage our own funds without third party interference and everyone can have bitcoin as long as they have an understanding of bitcoin and how to invest with it.

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Today's teenagers sometimes have unique abilities to make money online. Without taking them anywhere offline, what prevents them from buying Bitcoin? The aggregator that is in my signature will provide very large options for purchasing Bitcoin, and it does not need your data unless, of course, you commit fraud. All coins are checked to see if the exchanger suspects something. In all other cases, a teenager who skillfully plays games and sells his heroes, for example, and buys Bitcoin will be able to build good capital for himself by the time he comes of age, naturally understanding all the intricacies of handling Bitcoin.

But again, the acceleration of today's teenagers and their level of knowledge on the Internet can sometimes easily cover the experience of an adult. Therefore, we can only welcome the desire of young people to invest their money in Bitcoin.

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Quote from: Sanitough on March 27, 2024, 07:29:56 PM

Its always an advantage if you have gained bigger amount of knowledge on such things. If your current age is not acceptable, then there’s always someone like your parent or your relative that you can ask favor to. That way, everything will be possible when it comes to selling and buying. The only thing you can’t get rid when you invest is having some amount of losses. I guess that’s certain in all types of investments.

To me, this also has nothing to do with age limits. What matters is when the person learns more about what they are about to invest in, studies the market, and makes sure they know the best time to enter and when not to, knows their limits and what they want, and also learns how to stop losing in order not to be too draining into the market, especially when an emergency bearish market comes in.

There are people who are old enough, yet they find it hard to learn and understand how the market works, which leads them to make a series of mistakes that could have been avoided.

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Quote from: Ethan151 on March 27, 2024, 04:54:17 AM

Hi there to all of you. One of the most amazing things I've noticed about Bitcoin is that it doesn't have an age requirement before using it or creating a wallet. In traditional banking, however, one must be 16 or older to open an account, unless they have assistance from a guide who helped them do so. Additionally, no matter how young you are, no one can question you about how you make money because no one keeps an eye on your wallet.

Dude, what you are talking is that is for only decentralized wallet so It is normal that there will be no age limit in the case of using Decentralized Wallet because no data is required for wallet creation here. As a result of the verify age need NID or Passport or Birth Certificate will have to be shown automatically which will break Privacy.In case someone is using a centralize wallet or exchanger then he must be 18 plus because most of the good centralize exchangers require KYC verification.
But I think that in real life, just as parents don't give their full bank balance to an under aged child, in the case of Bitcoin, I don't think any parent gives their child a huge amount of Bitcoin to use. And besides I think if an underaged child can feed bitcoin there is nothing wrong as long as it is done in an illegal way.

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Quote from: leonair on March 28, 2024, 12:17:03 AM

Quote from: Ethan151 on March 27, 2024, 04:54:17 AM

Hi there to all of you. One of the most amazing things I've noticed about Bitcoin is that it doesn't have an age requirement before using it or creating a wallet. In traditional banking, however, one must be 16 or older to open an account, unless they have assistance from a guide who helped them do so. Additionally, no matter how young you are, no one can question you about how you make money because no one keeps an eye on your wallet.

There is a non-conventional wallet for holding bitcoins which is also known as decentralized and there is no need to provide any kind of document to create a wallet where as wallet cricket will get a private key of a wallet from which anyone can access the wallet. And here this wallet can be used completely anonymously. and investing in Bitcoin and holding Bitcoin is not a bad thing and not a bad addiction so there can be no logical reason to have an age limit here.

Everyone below the age of 18 is a miner and at that time most miner never think about their future because at that time they are dependent on their parents. so their future plans don't hit their brains even at that time. there is no age limit to invest in Bitcoin so anyone can invest in Bitcoin. If someone under 18 years of age invests in Bitcoin with future thinking then it would be highly appreciated. But everyone must have a good understanding of their wallet before investing long-term in Bitcoin because. the security of those bitcoins will completely depend on the strong backup of that wallet

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Quote from: Ethan151 on March 27, 2024, 04:54:17 AM

Hi there to all of you. One of the most amazing things I've noticed about Bitcoin is that it doesn't have an age requirement before using it or creating a wallet. In traditional banking, however, one must be 16 or older to open an account, unless they have assistance from a guide who helped them do so. Additionally, no matter how young you are, no one can question you about how you make money because no one keeps an eye on your wallet.

There is a non-conventional wallet for holding bitcoins which is also known as decentralized and there is no need to provide any kind of document to create a wallet where as wallet cricket will get a private key of a wallet from which anyone can access the wallet. And here this wallet can be used completely anonymously. and investing in Bitcoin and holding Bitcoin is not a bad thing and not a bad addiction so there can be no logical reason to have an age limit here.

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Bitcoin is decentralized ecosystem which everyone can use without KYC but id not good for people of under age to participate in it until when they have reached the age of 18 and above. Here we have created different threads concerning children participating in bitcoin investment and different answers have been given. Some even said children should focus on their studies and when they have finished their education then they can come to bitcoin if they want it. And as a parents you can only Open a wallet for them and use DCA to invest for them and when they have grown up then you handover the password, the key to them but before then you must ask for his or her consent if he or she will be interested to use bitcoin.

Though before then you have taught them at least the basic knowledge of bitcoin so that they will not be a total stranger to it. Bitcoin is for everyone but not everyone will like to participate.

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Quote from: Nwada001 on March 27, 2024, 01:30:09 PM

Quote from: mu_enrico on March 27, 2024, 05:11:33 AM

Yeah, but you need traditional banking to cash out or deposit to CEX... So even though no direct age barrier exists in crypto, there are indirect barriers. Theoretically, you could search for P2P cash - crypto DEX without KYC, but it may not exist in your area.

This might also not be a problem for anyone who has their ways and knows how to go about things, just like kids who run YouTube channels that generate them enough funds.

If the teenagers know their way, they can easily use P2P to sell whenever they want to, and they can either use any of their trusted relative accounts to receive the funds, which I can trade for gift cards that they can use for shopping in both online and outdoor shops. The world is now in a state where everything is completely possible if you just know your way.

Its always an advantage if you have gained bigger amount of knowledge on such things. If your current age is not acceptable, then there’s always someone like your parent or your relative that you can ask favor to. That way, everything will be possible when it comes to selling and buying. The only thing you can’t get rid when you invest is having some amount of losses. I guess that’s certain in all types of investments.

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Quote from: Ethan151 on March 27, 2024, 04:54:17 AM

Hi there to all of you. One of the most amazing things I've noticed about Bitcoin is that it doesn't have an age requirement before using it or creating a wallet. In traditional banking, however, one must be 16 or older to open an account, unless they have assistance from a guide who helped them do so. Additionally, no matter how young you are, no one can question you about how you make money because no one keeps an eye on your wallet.

That's the beauty of crypto but keep in mind that age limitations are sometimes necessary as younger ones have stupid and idiotic minds, (no offense) they just want to try everything, and in the end, they catch up in some big mess, to avoid that, we have to guide them. Besides this part, there is no age limitation in bitcoin. If you want to buy it, then you can easily buy it with money in your account.

No need to submit any kind of documents, no nothing. And you can definitely make investments in BTC with no one knowing. That's the beauty of it, but that's an issue as well (only sometimes) like there comes legal situations where you have to prove that you have funds, or made investments, but as you have lost the keys and funds as well, and no one know you are into crypto, so it will become a little hard to prove such cases. But that's so rare.

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Quote from: Ethan151 on March 27, 2024, 04:54:17 AM

Hi there to all of you. One of the most amazing things I've noticed about Bitcoin is that it doesn't have an age requirement before using it or creating a wallet. In traditional banking, however, one must be 16 or older to open an account, unless they have assistance from a guide who helped them do so. Additionally, no matter how young you are, no one can question you about how you make money because no one keeps an eye on your wallet.

I think that starting to invest in Bitcoin at a young age is a great idea, because everything in life deserves to be done early. They stated that the earlier the better, because if a person begins investing in Bitcoin when still young, they can gain more information than those who are older. The only thing I'll say is that it will be extremely difficult for underage individuals to determine whether the centralization is decentralized. Once he learns the difference between these two terms, it will be extremely easy for him to identify them, and from there, it will be easy for him to open his wallet and start buying any coins that he knows would produce a positive consequence in future.If we stated that that the under age are not allowed to invest, which entails that they are not allowed to go to school early, because education is the hardest place for children to learn, and parents don't mind they try taking right from the their young and spending money on them in order to gain early expertise.

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