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    Author Topic: Teaching my nephew about Bitcoin  (Read 1041 times)
    carlfebz2
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    November 20, 2022, 08:50:54 PM
     #41

    Too much information will lead to confusion, at the end if you push too much knowledge in one go, your nephew will remember nothing.  You should have told it slowly and if possible in a fun way.  I agree with the earlier reply that you should have let your nephew play games with his friends and retackle the learning when he is old enough to have a grasp of the economics and technicalities of Bitcoin. 
    I agree, what if OP start to teach financial literacy instead of that? teach him little by little. Teach him the main purposes of money, how does it works and how money keep people away to each other. By this thing we can say, he can start to save, use money wisely and then try to introduce bitcoin and other altcoin, step by step process not teach him whole thing already.

    Yeah, I think it is much simpler if OP said, "save Bitcoin it will make you millionaire one day".  That is way simpler than telling him the technicalities of Bitcoin.  Some practical lectures of setting up wallet and how transfer is made will be easily understood by 11 years old kid.  I honestly don't think that there is a need to elaborate Bitcoin to the kid  too much. After all, I believe the main purpose of the lecture is to tell the kid that Bitcoin can make him millionaire one day.
    Everything that had been taught is never been that considered better.Every informations been shared is really that just right, neither you would be focusing on that investment probabilities or chances or talking

    solely or focusing into its utility but making those lines or beliefs on which you do emphasis on making you a millionaire which isnt really that something right on some sense, we know that there's no guarantee when

    we do speak about future events which it would really be that it is important that you do give him no assurance and explain about the risk so that everyone whom you do taught will
    not really be that too optimistic or would really be ending up on being desperate.

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