Post
Topic
Board Beginners & Help
Re: Is age a limitation in Bitcoin
by
Mayor of ogba
on 18/04/2024, 21:15:21 UTC
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.

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.

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.
I agree with you, but some children are smart and are aware of scams on the Internet, and they know how to protect themselves from it. It is good for children to develop an interest in bitcoin so that they can learn more about bitcoin at an early age, and when they grow into adults, they can start their bitcoin investment. Remember, some people regret not knowing about bitcoin at an early age, and some promise themselves that their kids will know about bitcoin at an early age so that they will gain good knowledge about bitcoin and know how to start a good bitcoin investment.