Leave the kids out of Bitcoin investment mate, Kids are supposed to be in the garden playing balls and watching power rangers, not trading Bitcoin, do you have a idea how complicated it is to operate a crypto exchange as a beginner?
I can remember the first time I came across a crypto exchange, I was staring at the charts for multiple minutes with no clue about what I should do, I can't even use the platform right, I also have a friend who mistakenly sold his Bitcoin for way lesser price, lower than the present value back then, all because he failed to wait for me to show him how its done.
Kids should stay away from things like this, until they are up to the stage and also have the right knowledge to operate an exchange and a Bitcoin wallet, they are better off living as a kid.
Topic: Parental Guild on Bitcoin - page 3. (Read 647 times)
Is buying Bitcoin or cryptocurrency good for Kids?
Definitely, yes. It's like a savings deposit for your children's future. Like for college tuition or something like that.How do you teach a kid to secure Bitcoin incase you are not there?
Provide (in advance) them with detailed step-by-step instructions or is your internet broken?Should authorities or agencies place age restriction on owning Bitcoin?
What other restrictions would you suggest they implement for owning the bitcoin? By skin color, gender or wallet thickness? They have nothing to do with the bitcoin. Btcoin is the property of humanity, to which everyone has access without any restrictions and no one has the right to voice the conditions of ownership of this asset.
Few Questions I would like to get you own input on
Is buying Bitcoin or cryptocurrency good for Kids?
How do you teach a kid to secure Bitcoin in case you are not there?
Should authorities or agencies place age restriction on owning Bitcoin?
1- I don't think buying Bitcoin is suitable for kids who are still in the early years of their lives and whose cognitive processes lack awareness, consciousness, and the ability to maintain a sequence of thoughts in their minds. Those who buy Bitcoin should be adults, mentally open, and equipped with sufficient experience and necessary information to secure their own Bitcoin.Is buying Bitcoin or cryptocurrency good for Kids?
How do you teach a kid to secure Bitcoin in case you are not there?
Should authorities or agencies place age restriction on owning Bitcoin?
2- It doesn't seem prudent to have my Bitcoin holdings in the possession of my kid, and he is the one securing it in my absence. This task can only be entrusted to another mature and trustworthy person, preferably from my family circle. My child can take on this responsibility when he acquires greater awareness and matures. I attempt to teach him through simplified methods that align with his cognitive and understanding abilities.
3- Bitcoin is a decentralized currency with no authorities that can control the Bitcoins you hold or know whether you are a child or an adult. In addition, this is the sole responsibility of the parents.
If a child can operate an android device properly, play video game, use communication gadget, use different computerize device etc. why will I not introduce them gradually to Bitcoin. Digital currency is the future and should I not be responsible enough to start channeling them gradually to that direction. I don't agree completely that kid cognitive processes lack awareness, consciousness, and the ability to maintain a sequence of thoughts in their minds.
Note: It is in record that Tiger Woods turn Professional Golfer at 20 but was expose to golf at child hood.
I do not suggest that you should have your Bitcoin holdings in the possession of your kids. I wrote on the possibility, advantage and the need for a child to own Bitcoin. Although still trying to put in place parameters to avoid risk and other vices.
I agree with you when you say that it is a sole responsibility of Parents.
Bitcoin is a type of currency, and children should learn to manage money. Of course, it would be extremely unwise to give a child access to big amounts of money, and in an event of loss of that money, I think the blame should be on the parent.
But making a fresh Electrum wallet for a child, teaching a child (a young teenager, I'd say) to store a passphrase, to send money and generate a Bitcoin address is a good idea. There shouldn't be any significant money there in case a child makes a mistake and the money's gone, but I don't see harm in, say, $10 being there, under the kid's control. As for centralized exchanges, I believe they're 18+ to not dive into the differences of legislation in different countries.
The idea is to tech the young ones about this industry at an early age however, we should take appropriateness be considered in these instances. Bitcoin and this industry are profitable and advantageous however if the child still has not that much of interest then never pushed them to something they do not prefer 'coz it could result to confusion and fade of interest in some instances.With age restriction, as long as the child knows what he is doing. I'd say things do take time to all of us. Guide as well is different from mandating the younger generation to walk on the roads they talked. Sometimes we are just getting too hype. But making a fresh Electrum wallet for a child, teaching a child (a young teenager, I'd say) to store a passphrase, to send money and generate a Bitcoin address is a good idea. There shouldn't be any significant money there in case a child makes a mistake and the money's gone, but I don't see harm in, say, $10 being there, under the kid's control. As for centralized exchanges, I believe they're 18+ to not dive into the differences of legislation in different countries.
Few Questions I would like to get you own input on
Is buying Bitcoin or cryptocurrency good for Kids?
How do you teach a kid to secure Bitcoin in case you are not there?
Should authorities or agencies place age restriction on owning Bitcoin?
1- I don't think buying Bitcoin is suitable for kids who are still in the early years of their lives and whose cognitive processes lack awareness, consciousness, and the ability to maintain a sequence of thoughts in their minds. Those who buy Bitcoin should be adults, mentally open, and equipped with sufficient experience and necessary information to secure their own Bitcoin.Is buying Bitcoin or cryptocurrency good for Kids?
How do you teach a kid to secure Bitcoin in case you are not there?
Should authorities or agencies place age restriction on owning Bitcoin?
2- It doesn't seem prudent to have my Bitcoin holdings in the possession of my kid, and he is the one securing it in my absence. This task can only be entrusted to another mature and trustworthy person, preferably from my family circle. My child can take on this responsibility when he acquires greater awareness and matures. I attempt to teach him through simplified methods that align with his cognitive and understanding abilities.
3- Bitcoin is a decentralized currency with no authorities that can control the Bitcoins you hold or know whether you are a child or an adult. In addition, this is the sole responsibility of the parents.
Is buying Bitcoin or cryptocurrency good for Kids?
Bitcoin is a currency and also an investment. Just as people invest in real estate, gold, stock or even cash for their children, one can decide to hodl Bitcoin for children because the price could appreciate as the children grow older. Bitcoin has proved to be a profitable investment, which means it will not be a bad idea to keep some for future generations.Quote
How do you teach a kid to secure Bitcoin incase you are not there?
Children shouldn't be introduced to Bitcoin at a tender age because it could be risky. At this age, they might not know the importance of their seed phrase or password. They might easily give this important information to scammers due to ignorance. But as they grow to become adults they will have the knowledge and ability to operate and secure wallets.Quote
Should authorities or agencies place age restriction on owning Bitcoin?
There should be no restrictions on using Bitcoin as a currency. I am sure there are no restrictions on children from using fiat money. As much as they can effectively carry out transactions in the Bitcoin network, they shouldn't be restricted. But when it comes to investing in the sector, children should be mature enough to understand the business of Bitcoin. Investing in the sector requires a certain level of financial maturity. 
Bitcoin is a type of currency, and children should learn to manage money. Of course, it would be extremely unwise to give a child access to big amounts of money, and in an event of loss of that money, I think the blame should be on the parent.
But making a fresh Electrum wallet for a child, teaching a child (a young teenager, I'd say) to store a passphrase, to send money and generate a Bitcoin address is a good idea. There shouldn't be any significant money there in case a child makes a mistake and the money's gone, but I don't see harm in, say, $10 being there, under the kid's control. As for centralized exchanges, I believe they're 18+ to not dive into the differences of legislation in different countries.
But making a fresh Electrum wallet for a child, teaching a child (a young teenager, I'd say) to store a passphrase, to send money and generate a Bitcoin address is a good idea. There shouldn't be any significant money there in case a child makes a mistake and the money's gone, but I don't see harm in, say, $10 being there, under the kid's control. As for centralized exchanges, I believe they're 18+ to not dive into the differences of legislation in different countries.
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Few Questions I will like to get you own input on
Is buying Bitcoin or cryptocurrency good for Kids?
How do you teach a kid to secure Bitcoin incase you are not there?
Should authorities or agencies place age restriction on owning Bitcoin?
I will appreciate you immerse contribution to this discussion.
Is buying Bitcoin or cryptocurrency good for Kids?
How do you teach a kid to secure Bitcoin incase you are not there?
Should authorities or agencies place age restriction on owning Bitcoin?
I will appreciate you immerse contribution to this discussion.
OP, do you think it is wise to invest for the future of your children? If you say yes, then it is also wise and good if you can buy some bitcoin, which you can will to your children in the future.
There are some rich people who invest millions of dollars into different profitable projects, and some of them make those investments in the name of their children. There is nothing wrong with doing that, but some people who are lovers of Bitcoin would also invest millions of dollars into Bitcoin for their kids, and there is nothing bad about that.
Talking about age restrictions, does investing have to do with that? Normally, a kid under 5 years old cannot invest on their own; it's usually their parents that can do that for them. For kids over 16 years old, they can possibly invest in Bitcoin by themselves with some pocket money they might have gotten from their parents. Bitcoin is not centralized, so there is no age restriction that can or should be placed on it.
Teaching children to secure their investment, either Bitcoin or any other investment, is quite simple. Once your kids are of the age to handle the knowledge of investment and security, you can teach them whatever is necessary, and they will learn.
Is buying Bitcoin or cryptocurrency good for Kids?
Not entirely good, as they are not yet able to secure assets like Bitcoin that they hold if they have it. I doubts about it because, to date, there are still numerous cases of wallet hacking that result in significant financial losses for individuals with many ways. The readiness of young people to handle BTC should be a consideration, especially taking into wallet security factors.How do you teach a kid to secure Bitcoin incase you are not there?
Step by step, we can start from the beginning to teach saving, and children cannot immediately process cryptocurrencies to become their priority. Everything will be gradual, and this method might provide a basic understanding of finances first before delving into the world of Bitcoin.Should authorities or agencies place age restriction on owning Bitcoin?
No. Even if they want to regulate it, they can't do much to regulate BTC internally. 
Is buying Bitcoin or cryptocurrency good for Kids?
How do you teach a kid to secure Bitcoin incase you are not there?
Should authorities or agencies place age restriction on owning Bitcoin?
You buy Bitcoin behalf of your kids or you invest Bitcoin to inherit to your kids? both are different. If you buy behalf of your kids, what's the point by force something that your kids not understand? while inherit to your kids it's still loooooong to go, you should focus when you still alive not when you gone.How do you teach a kid to secure Bitcoin incase you are not there?
Should authorities or agencies place age restriction on owning Bitcoin?
Why the kids to secure your wallet, hide it somewhere and also back up your seed phrase.
No.
Few Questions I will like to get you own input on
Is buying Bitcoin or cryptocurrency good for Kids?
How do you teach a kid to secure Bitcoin incase you are not there?
Should authorities or agencies place age restriction on owning Bitcoin?
I will appreciate you immerse contribution to this discussion.
- kids buying Bitcoin is good, though we will not be so sure if they know what investment means, but investing at an early age is good to start securing their future.Is buying Bitcoin or cryptocurrency good for Kids?
How do you teach a kid to secure Bitcoin incase you are not there?
Should authorities or agencies place age restriction on owning Bitcoin?
I will appreciate you immerse contribution to this discussion.
- securing Bitcoin in terms of taking care of their wallet? By giving them tips or giving them options as to where they can hide the information of their wallet.
- exchange platforms will be the ones to handle this. Most exchanges require KYC, they would need to submit a valid ID and this means you have to be at legal age to have one. That's when the age restriction keeps them out of this investment.
Few Questions I will like to get you own input on
Is buying Bitcoin or cryptocurrency good for Kids?
Of course it's good, but having to wait for him to grow up so he knows how to run it and saving bitcoins as a preparatory step for him is much better. Because when he can be responsible for himself then bitcoin can be used to achieve the goal of financial improvement for himself.Is buying Bitcoin or cryptocurrency good for Kids?
How do you teach a kid to secure Bitcoin incase you are not there?
It's complicated because when you are not in bitcoin then there is no way to advise them and it is also quite difficult to teach children about bitcoin if we are not directly involved in it.Should authorities or agencies place age restriction on owning Bitcoin?
Every exchange requires KYC, which means that the children involved must be of sufficient age, unless you store bitcoin in a wallet that does not require KYC. Basically there is no age limit for people to get involved in Bitcoin, but it is impossible for young children to get involved in it 
Parental Guild on Bitcoin
I have observe that there is no parental guide to buying and selling of Bitcoin. However, some central exchangers do put age restriction if you want to buy/sell digital currencies and some do not see the need to do so. Specifically, I would like this discussion to focus on Bitcoin or you can make reference to other cryptocurrency to drive in your point if you choose. I do encourage parents to buy BTC in smaller amounts for their kids that's depends on how they can afford. One of the most likely challenge is how a parent can communicate to the child on the usage, what BTC entails and how to secure there funds.
I have put in written form some ways I can communicate this;
BTC is real and it is money in digital format. You can access it anywhere in the world and convert it to local currency to be use for purchase. Bitcoin is own and control by individuals who uses the internet for access and can do it using Laptop, Phones, tablet etc. Bitcoin is stored in Wallet which has its own unique key or addresses. Buying and selling of Bitcoin is legitimate but there are restriction in some countries and there is also risk involve. You can actually trade bitcoin too but I will not want you to because you need the right knowledge to do so if not you will lose all of it. Bitcoin has lot of benefit but should not be use as a game and get rich quick. You should also no share you password or personal key to anyone as it you funds can be withdrawn without your notice.
Don't get surprised with that since not all parents in the world know about bitcoin so its no surprising at all if you see that there are less parental guidance regarding on buying bitcoin. Then also not all young adults or even fully grown up man is open to talk about their investment that's why their parents don't know on what they are doing.
Few Questions I will like to get you own input on
Is buying Bitcoin or cryptocurrency good for Kids?
Is buying Bitcoin or cryptocurrency good for Kids?
Yes and No.
Yes its good for them since at early age they are expose on investment, they would provably grow in future as smart investor since they already encounter on how to invest their money.
Also No because for sure they don't know about what they do and the risk is so high so as said they need proper guidance so they will be safe on other risk especially for losing a lot of money and being exposed on other danger.
How do you teach a kid to secure Bitcoin incase you are not there?
By teaching them the basic of investment and expose them on scams. But basically I don't teach young kids especially if they are not showing interest about bitcoin.
Should authorities or agencies place age restriction on owning Bitcoin?
Well yes since this is high risk investment and I think they already done that since major crypto platform is now performing KYC so with that I think minors can't participate on any activity on their platform if they are minor.
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As far as I know, we have similar threads already discussing this topic,
Thanks for the list. I guess there are more threads about children and Bitcoin where I used to get daily mentions because of my username. I have said this in another thread, and I will say this again: Why do moderators not delete duplicate threads from this board? I have created a cricket discussion thread in the Gambling section before the world cup starts without knowing there is another thread. But the thread got deleted within an hour. But I can see some double standard here. Or it's possible that maybe someone reported my thread but no one reported those multiple threads. I don't know.
As far as I know, we have similar threads already discussing this topic,
Buying bitcoin for our kids is a smart decision that will provide a brighter future for them. Since they are not capable yet to buy on their own, then parents should have the responsibility to provide it for them as long as they have enough funds that they can afford to lose if ever.
By teaching them on how to save and invest starting in our local currency, once they will absorb it, then it will be easier for them to understand when they will also do the same with bitcoin. Bitcoin is an asset so they should be aware on how to invest and secure their coins as well with the guide of parents.
Obviously, unless they don't reach the age of 18, these kids are not allowed to purchase bitcoin. And for me, setting some age restrictions is a good and safe idea that's why they should be mature enough before they decide to dwell with bitcoin.
By teaching them on how to save and invest starting in our local currency, once they will absorb it, then it will be easier for them to understand when they will also do the same with bitcoin. Bitcoin is an asset so they should be aware on how to invest and secure their coins as well with the guide of parents.
Obviously, unless they don't reach the age of 18, these kids are not allowed to purchase bitcoin. And for me, setting some age restrictions is a good and safe idea that's why they should be mature enough before they decide to dwell with bitcoin.
Should authorities or agencies place age restriction on owning Bitcoin?
Since Bitcoin is not centralized, it's not under the control of government or any agency and it's not limited by age.As you said, governments or anyone else cannot control Bitcoin completely,
but they can provide regulation for the use of Bitcoin through CEX which is controlled by the government.
A baby or anyone can have Bitcoin in their personal wallet, but does that make them adopt Bitcoin entirely?
It's just a possession they haven't used yet and don't know how it functions yet.
Related to the role of parents, of course they will have complete control and will teach their children to be able to use Bitcoin.
But this is only an initial use, just as a sense of how Bitcoin works.
First of all, anyone can't put age restrictions on anything that is decentralised. Since Bitcoin is decentralized, age restrictions are impossible for that. Whoever knows how to use Bitcoin might simply accumulate it. Parents should help their kids learn Bitcoin, of course. But they should not create pressure on them. Making kids familiar with Bitcoin is enough at the beginning stage. You can store Bitcoin for their future, but don't force them to handle it. When they mature, they will understand the value of Bitcoin because they were familiar with it at the beginning.
Should authorities or agencies place age restriction on owning Bitcoin?
What authorities? BTC is a decentralized and permissionless network, there is no central authority in control of the network and anyone can buy BTC without anybody's permission.Is buying Bitcoin or cryptocurrency good for Kids?
Kids of what age? First of all, if their parents are bitcoiners, they would try to introduce the network to their children when they get to the age were they could understand it, they can also simply buy BTC's using dca for their children, and find a way to hand it over to them when they get older. 
The only thing that I will know as a parental guide concerning bitcoin is something that I know quite well that people currently have being emphasising on teaching people bitcoin is something that have being going on for the forum,it's better for we to teach our children bitcoin, if we are into bitcoin, because the guidelines of teaching your children about bitcoin is something that will make you to understand that parental guidelines is important for every cryptocurrency enthusiasm to know that you are supposed transfer the knowledge of bitcoin to your kids.
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