Topic: My son, daughter, nephew wants to know about Bitcoin (Read 933 times)

I cannot imagine living this life working on a certain thing that is considered illegal in one’s country. Maybe for now your family will be safe as no one has reported it yet, but if someone in your neighborhood will suspect that your family is still working on bitcoin, I guess your family will surely be in trouble. So my advice is that never teach the children for now as they can be very honest when asked by the officers roving around if your family is really into bitcoin.

Bitcoin is no longer something you will hide from your family members,brothers,sisters,sons and daughters because it is a lifetime promising job that will make you rich for ever.That is why there is need to start telling your household member to have the awareness and know more about Bitcoin so that they can start investing in it and be part of the rich family.
They may have heard of Bitcoin from other person,and will want to confirm from you whether it really exist,or whether it is really the way people say it is.Therefore,it is very good to teach them when they come asking about it.

As you live in a joint family and several members of your family are involved in cryptocurrency and your work is always laptop and mobile related so when you work with laptops and mobiles the kids get interested in what you do. Because children are endlessly curious. But as you said every child in your family is primary level and since Bitcoin and other digital currencies are totally banned in your country, I would tell you that there is no need to introduce cryptocurrencies to your children so soon, when they grow up you should introduce these to them Introduce the topic.

If you think that would be good for them, then start educating them at an early age. But actually, when children are still in their primary age, you cannot expect them to learn eventually what you are teaching especially that bitcoin is a complicated thing to discuss that even adults would hardly understand. Instead, they will resort into playing because that what’s make them happy and satisfied. And to think that your country is having a serious bitcoin ban, I guess teaching them would only complicate things later on once they discover that bitcoin is considered illegal. It’s like you are pushing them to be future government opposition.

My point is, they are primary level and you don't expect such age of children to still have a retentive memory to be active in knowing things about bitcoin. What kind of work do your family members does in cryptocurrency and Bitcoin?
I need to get this side of the story very clear.

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If your country is restricted and ban from trading cryptocurrency or involving in bitcoin trading there is no need to violate the law, be a good citizen but if you already hold some btc you may use p2p to trade.

Educating our family to bitcoin then that's a good option but always remember that if they don't want then it's okay to not teach them but if they are really interested then go for it. And about the crypto banned on your country then I think thats matter because from the word banned its matter a big cause when you caught by the government then thats another issue so for me in your situation it's better to keep silence and if you want to teach then its up to you but you need to be careful.

You’re right. The answer is so obvious. If you don’t want your family to get in trouble later on, then never teach the children about bitcoin and never tell them that the whole family is into bitcoin journey. But I doubt if you can control the minds of the children as they can be keen observants and totally honest on what they have been seeing around. I guess it make sense if your family want to focus on bitcoin, then better settle into a country where crypto are completely legalized and accepted as a payment option. That way, your family most particularly the children will never have to lie about the current situation.

Unless the children are mature enough to keep secrets which basically means not tell anyone else about this, then I would advise against teaching them at this level. Perhaps you should wait a few years for them to grow up or at least become teenagers instead. You should also treat it like personal finance.

Bitcoin is the future of the world finance, is also good to bring the knowledge to the doorstep of a family for them to be part of it. I even wish bitcoin education can form part of our high school curriculum in order to educate our children more on Bitcoin

Today's children are truly different, their curiosity is higher and they are also not too foreign to today's technology. So they can grasp this related material more easily, in theory. Here, their interest may be based on several things:
- They see your activities every day who are struggling with crypto
- They see and know that crypto can make money and they are interested in money
This happens very often, especially children, they may not think of anything hard. When they are interested in money and want to earn it, they will have a desire to learn.

In this case, actually to know or teach about cryptocurrencies there are several stages.
Of course, this is based on the readiness of each child so that they can learn it at the right time and with the right material.
I think it's fine to tell them about cryptocurrencies in general, so this will reawaken their curiosity and they will probably start learning about it. However, remind them about the dangers of activity in cryptocurrency because there are also many scammers there, so if you want to do everything in crypto, you must ask or consult with you. And don't explain to them that from crypto we can get rich quick, because all they have in mind is money and get rich quick.
However, since crypto is still banned in your country, it might be better if you share this by keeping the privacy.

Don't endanger the lives of your family by involving these children in bitcoin knowledge, due to the illegal act that is carried out by your family members.

When they are of age to keep their mouths shut on whatever they know is a secrete then you can introduce them into bitcoin, decentralization of bitcoin has made it impossible for government to know who is into bitcoin even when it is banned in the country. OP play safe.

It is a good thing that your son, daughter, and nephew want to learn about Bitcoin. would like to assume they are over the age of five.  I also want to believe that kids should not be forced to learn about cryptocurrency, particularly Bitcoin. Most parents might want to force their children to learn about bitcoin out of peer pressure, but that shouldn't be the case. So teach them, teach them, slowly, patiently, and only teach them the essential knowledge that will allow them to answer a question or two about bitcoin. And then, as they grow older, you could think about opening an account for them and having them invest in bitcoin out of their pocket money.

That’s also a good point. Children at a very young age only love to play because its their way to develop their whole well-being and for them, their world only revolves playing. So instead of learning about bitcoin and it’s volatility, children prefer more on playing and having fun. However, if you really want to teach the children about bitcoin, I suggest to teach them about saving first. Because if they develop discipline through saving early, most likely they will also grow as good bitcoin investors in the future.

In my opinion, it is normal for small children to be curious and ask something new in their life.
Moreover, asking what is favored by parents or family.
That's good in my opinion because it proves that they grow up to be critical children.

But we must remain wise in educating and explaining to them, especially when you state that Bitcoin is prohibited where you live.
I think you don't have to rush to give lessons related to Bitcoin but just introduce them to Bitcoin in general that their age can understand.

Regarding regulations regarding crypto in your place, I think it is wiser not to bring the children to know more about the world of Cryptocurrency first.
My point is not to ban but rather to delay introducing cryptocurrencies until they are really old enough to think logically.
Let the children grow up first, play and think like their age, don't expose your activities in cryptocurrency too much in front of them.
Let them grow and shape their character first gradually until they are teenagers or adults and are able to think independently.

Remember that plunging into the world of cryptocurrency completely requires mature, logical, analytical thinking and must have good decision making.
Which of course things like that do not have small children who are still learning at school.

Your last line caught my attention more, thus my reaction. Introducing the heavy and deep part of cryptos to very young people and at the same time restrict them from the distraction it affords is a difficult thing to do. We really may not be able to know where to draw the line. In my case, at a point my young son badgered me to teach him stuff about this industry but I struck a deal with him to wait until a certain age. However, he reads some of my posts here and other crypto activities and trading I do. I don't want the financial gains derived from cryptos distract him from his basic school studies, I often hush him. I have on few occasions caught him brag to his peers that he knew things about Bitcoin 😂. Kids and their bragging rights. For me, he will get there one day but for now I've made him realize that there's always time for everything.

There's a good and bad side about it since it's a children they can also make some mistakes even adult people, it is better to guide them well and teach them first the basic knowledge or experience then, let them discovered it to their own so that they won't depend on you.

I mean, what else do you wanna have them know about cryptocurrencies? If you've been working on cryptocurrencies already, what's the point of asking to know? I just think if you're more explicit on issues like this, it'll really help you the way you want.
If you wanna include your siblings in here for an additional IQ, then it's not prohibited; moreover, if y'all combining ideas, then a massive success awaits y'all.
...and I say YES... It's the modern-world evolution and I don't think anyone should be left out... Who knows? A time will come when it'll become a major necessity.
Bitcoin isn't another name for cryptocurrency; Bitcoin is also a crypto itself... don't mix up points next time.

Sandra 🧑‍🦰

It is necessary to provide full support to children by teaching them some basic knowledge that they are interested in. This will be an additional lesson for children so they can understand the activities carried out by their family members.
In my opinion, it is okay to teach Cryptocurrency to children from an early age, the important thing is never to force them to be what their parents want them to be. If they have a desire to learn then teach them slowly.

From my perspective as a parent, I'd say it's great to know that your children, daughter, and nephew are interested in bitcoin. But in terms of age, I'm sure the children don't know anything about it, but they are just curious and want to discover when they see their parents working. They just think it's a toy and can let them play. My son also often asks me about bitcoins every time he sees a picture of bitcoins on my computer, he says he likes bitcoins. But my children like it just because it's strange and want to play with it, not because it's interested in learning about them. Those two things are entirely different, you need to distinguish clearly, don't think that children who say they like will really like it, with that age it's just the age of exploration and mischief.

It is a good idea to educate the next generation, and that is something I will also enjoy doing in my family and community. However, based on your statement, I assume that those children are under 10 years old and may not be able to learn the information because they are still in lower levels of education. First, if you want to start teaching them, where will you begin? I doubt their brains are developed enough for them to understand the knowledge you are giving them.

I think you're breaking the law by doing this, and if you are caught, the law may punish you. Therefore, it is better to keep that information to yourself while you wait for your government to officially legalize Bitcoin and cryptocurrencies in general in your nation.