Quote from: albon on December 03, 2023, 09:27:59 PM

Quote from: RioBlemz on December 02, 2023, 04:25:57 PM

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.

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.