"It was honestly just gambling": Investigating the Experiences of Teenage
summary
Multi-stage inductive content analysis of 1,676 Reddit posts identifies 1,409 posts (84%) meaningfully about crypto, with discussions peaking in 2021–22 after subreddit NFTs. Findings show teenagers mainly use parents' accounts or gifts, sometimes mine or register on non-KYC sites + VPN, and pursue quick gains or gambling-like entertainment. Harms include volatile losses (examples up to $118k→$100), lost keys, pump-and-dump scams, and extortion attempts; authors suggest custodial-account policy changes.
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chapters (7)
- 0:00Teenage crypto research intro
- 2:14Underage crypto concerns
- 3:17Analyzing Reddit discussions
- 5:02Teens accessing crypto assets
- 6:48Teen crypto motivations
- 8:34Harms in teen crypto use
- 10:17Conclusion
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