Quote from: goldkingcoiner on March 30, 2024, 01:56:58 PM

Quote from: Ethan151 on March 27, 2024, 08:54:17 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.

Anyone can invest in bitcoin irrespective of their age, as long as they know what they are doing and would accept responsibility for anything that occurs when they are investing, you know there are lots of thigns one needs to consider when investing in bitcoin, like ; emergency funds, reserves and having a good cashflow/money management, why I brought this into light is cause this can affect how successful someone would be in his investment and how much he would accumulate in bitcoin, you know holding bitcoin for a long term gives more advantage than any short term practice or trading.

The function of the emergency funds would be to ensure that s/he don't sell of their holdings at a very short time prior to when they had wanted to sell, and the question is can a very young person be able to afford this and how or what means would he use to counter for this. Cause we can't assume that if if this kid really wants something and he doesn't want to tell his parents about it his first option wouldn't be to sell some bitcoin to buy that stuff, so yeah if s/he can account for this then he is good to go.

Now about cashflow, anyone who wants more bitcoin must invest more or buy more, there are no two ways about that and the question is how often does he have cash to invest in bitcoin, while this could be irrelevant for an underage person who maybe has some extra cash and wants to hide it somewhere or maybe just thinks it wise to safe in bitcoin, he also needs to be able to properly allocate his funds in other not to choke himself up too soon and end up feeling overly allocated and sell some bitcoin.

So yeah a lot to consider, anyone can invest in bitcoin as long as he is ready to accept the responsibility to do the needful.