Introduction of Cryptocurrency and Forex to Kids
Greetings, everyone!
Welcome to my blog this morning. This is my contribution to the featured contest of Hive learners.
To start with, cryptocurrency and forex have been of great help to many Nigerians, especially the youth, but they are complex and volatile. A lot of people lose money due to a lack of proper knowledge and self-discipline. Some of them are in this space to make money, trade, and build portfolios for the future with understanding and wisdom. And our children are surrounded by crypto and forex conversations every day. They grew up seeing, hearing, and from there, gaining knowledge of it.
Let me share a story of my friend, who was a master in cryptocurrency and forex. He invested so much and he gained so much in return. He so much trusted this brother still on the pace of forex, he watches his account every day as the money keeps accumulating and more. It's not good to trust someone in this life. The next minute his account was hacked. Everything is gone, and his return to O square.
According to the contest question; should they be taught to kids in schools? I would say a big yes, to this question. It would be an intelligent exposure for the kids to have knowledge about it in schools. It can be turned into a subject, where the introductory part with simple words is clear, and uses pictures or examples for clarity, depending on their age range. It can be done with just a mere introduction, not the trading or investing aspect.
However, during my own time, when this concept was introduced to me, I was lost. I couldn't fathom anything about forex. It took me time, days, and months before I could understand how the system runs. But for the trading part, I don't know. I have invested before with the help of someone, but it crashed and all the tokens went to 0 cents, which doesn't amount to anything tangible.
This cryptocurrency should be at the surface level not at the deeper level.
If children are introduced to these concepts early enough, will it lead to a generation of people making better investment decisions?
My response to this question is Yes to the appropriate age, knowledge, skills, wisdom, and strategies, which will lead to a generation of people making better investments. It's not wrong. The world is evolving, with new developments and technology. Our children need to be exposed to guidance and a skilled tech professional and proficiency. As they are young and their brains are very fresh and sound, they can understand perfectly and they can build something meaningful from there.
Things to look out for before engaging the children in this concept
Do they have the self-discipline to be able to manage this space? Are they smart enough to know when something is wrong and when it's not? Are they confidential to the information they have access to? Are they patient? Are they accountable?
One of the things this space will teach is patience, strategic visibility that draws people's attention to you, in a good way.
This is my response to this very contest of week 202 episode 1
I love, I care, and I forgive
I remain @peckypeace
Well said. I also reckon with the fact that they should be taught the basics, not really deep yet. With their ability to assimilate quick, it would be an early on advantage. But yes, they should be taught to be patient as well. That should be watched out in the children. When this is done, it will a great financial gain.