Would bitcoin help teach kids about saving?

[ausbit]

So I have 2 cousins. One of them doesn't save and is a huge spender while the other is a saver and spends only once a year. So would bitcoin be a good way to teach them about saving? Since, mining bitcoin is the only way to make alot of bitcoin, I would use a alt wallet to show them what happens if you spend and don't save. What do you think?

>mining
>making a lot of Bitcoin
oh boy son

If anything, in order to encourage better spending habits, they should have been required to save some money for toys they wanted to buy as a kid instead of buying everything for them. I don't know if this is something that was tried on them but it worked on me growing up. Bitcoin is just another means of wealth and it doesn't really encourage saving that much for most people who maintain their own finances, in whatever way that may be.

Yes ofcourse also bitcoin also teaches people how to become patient just like in trading or in joining in a bounty campaign because in bounty campaign if you earn your token you need to wait for the right time for the value to rise up

Bitcoin teaches business skills to all the people and this will surely bring capabilities in kids if this will be taught to them and that will be great revolution in the field of education to teach such a professional and profitable coin’s subject and I am sure that more people will want that their kids will take education in that field that gives them profit in future,

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[Silberman]

So I have 2 cousins. One of them doesn't save and is a huge spender while the other is a saver and spends only once a year. So would bitcoin be a good way to teach them about saving? Since, mining bitcoin is the only way to make alot of bitcoin, I would use a alt wallet to show them what happens if you spend and don't save. What do you think?

First, don't think that mining bitcoin is the "only" way to make a lot of bitcoin. You should change that mindset because right now, there's a lot of way to make bitcoin and if you want to have a better and stable way learn it with trading.

But the idea of teaching them and giving them lesson about proper saving is a good thing. And with bitcoin, you are teaching two things at the same time.

It's like two birds at one stone, teaching and investing. Pursue that thing because one day, those kids will be our future.

Saving is a habit and I realize that those people who teach their children to save money and do not use if there is no need are the happiest people of the world because this kind of people never face any financial problems in life, because if there is any emergency and they need money they would have their savings. So they can easily overcome their problem. Bitcoin is not only savings but also a sound business.

This is correct, saving is an habit, my father taught to me the habit of saving since I was a kid and I immediately grasped the idea, while I’m not rich by any means I’m in a better financial shape than all my friends and that is not because I earn more money or because I’m earning some bitcoin, it is because of my saving habits, I just avoid debt and spend only what I can afford.

[joshua10]

It's really worth the money to save money now that it's worth spending so much so when you're young you should learn to put money into a good example of bitcoin for children because of the musmus just thinking that they know how to raise money so may another child also know about bitcoin for their cheap mind they will know the amount of money because the children are now just as expensive as the cost they did not think because they were still young? so good is the bitcoin to them just thank you ...

[gabmen]

If they started saving now they will be rich in the future for sure. Because you can see bitcoin only growing. Sometimes it went down but it always goes back up. So that is why you should teach kids about bitcoin and saving bitcoin.

Saving in btc isn't really advisable for kids since there are risks that are more suitably handled by adults. Better to teach them about saving in banks first and just gradually introduce btc as they grow up

[planfox]

Of course, children need to be shown how using bitcoin can improve their financial situation and become financially independent in the future. The earlier children will finance financial literacy, the easier it will be for them in the future.

[cryptoalfs76]

So I have 2 cousins. One of them doesn't save and is a huge spender while the other is a saver and spends only once a year. So would bitcoin be a good way to teach them about saving? Since, mining bitcoin is the only way to make alot of bitcoin, I would use a alt wallet to show them what happens if you spend and don't save. What do you think?

Teaching about savings is good to kids, especialy teach them in bitcoin process.we teach the children to become dependents to themselves.bitcoin also help them become business minded in there childhood mind.bitcoin not only for the the adolescence,and professional people but also for the kids who's mind open wide in business.

[Paecga129]

Bitcoin would definitely help kids learn about saving because they have to learn the fundamentals of $ before they can start to understand Bitcoin. Once they understand Bitcoin's monetary policy they'll want to HODL.

[Asuka]

Yeah bitcoin can help kids to save their money because they can't use it so better to save. But not only in bitcoin ,in real money we can teach our kids to save money.

[lvincent]

Yup i think it's a good idea, before i knew bitcoin  i used to spend a lot buying things that i don't need but i want too i can really earn money cause i used all of my savings if i saw something that i want to, it's not bad to spend money but save sometimes all i do before was to use all my saving's for nonsense but when i entered btc i learned a lot of lesson, i learn to save and plan for my future and i learn to control my problem in spending to much money that i just buy thing's if i really need them and sometimes buy the things that i want just to reward myself. Now i'm 19 and alreading saving and earning money for my future plans.

[LogitechMouse]

Teaching your cousins how to save is a good idea so that they can get money in their pocket when they need to buy something but involving bitcoin isn't that important I think. Before you teach them about bitcoin and saving, teach them how to save their fiat money now so that they can apply it when the time comes that they want to earn bitcoin too.

[bitbunnny]

At some point but not to early is good to introduce children with Bitcoin. To learn saving children can do both with fiat money and Bitcoin but maybe it's easier to do that with Bitcoin because they have more possibilities to earn it on their own and they will be more eager to save it not to spend it because with time Bitcoin price will rise so the more they save the more they will have.

[Prettyme]

Bitcoin is hard to understand for the first time and bitcoin is not user friendly it is too complicated for kids so for me that is not advisable since the bitcoin is just like that and kids can lose their money by just one wrong step with bitcoin. So for me bitcoin is not for kids.

Yes i think bitcoin is not the appropriate way to teach kids about saving. Bitcoin is not easy to understand because theres a lot of ways to be learned. Proper guidance is the only key to teach them about savings.

[Koro-Sensei]

For my perspective i think it will be difficult to teach them some high grade knowledge its best to cultivate some basic knowledge and about the comprehension about this kind of topic children or kids will be frustrated in this kind of things . Normaly but some maybe interested but a normal kid wont i guess their priority is to play around and think nothing else but enjoyment teaching them this kind of stuff is not worth it you dont have to teach them like this of you can do it yourself the proper age about teaching this is about i think on 15- above some topics involve awareness to what they dont know sometimes it happens to me

[Creating N Action]

would bitcoin help teach kids about saving ??
 Ofcourse yes! bitcoin helps to teach kids when we talk about saving because there's a time that every individual experience  lock of money even food .etc. Not only money money but also foods and such that we need to survive or live for a long period of time . Just like what our parents teaches to us, even if it too young , we need to be thrifty and save money so that when the poverty exist , you have your own money taht you can spend or used it for your sake.

[mriansa]

So I have 2 cousins. One of them doesn't save and is a huge spender while the other is a saver and spends only once a year. So would bitcoin be a good way to teach them about saving? Since, mining bitcoin is the only way to make alot of bitcoin, I would use a alt wallet to show them what happens if you spend and don't save. What do you think?

I think the best is saving but if you want to do both better, because if only saving will produce a very long profit, but if you use mining then you will get a lot of profit.

[Hawkers7]

So I have 2 cousins. One of them doesn't save and is a huge spender while the other is a saver and spends only once a year. So would bitcoin be a good way to teach them about saving? Since, mining bitcoin is the only way to make alot of bitcoin, I would use a alt wallet to show them what happens if you spend and don't save. What do you think?

Maybe the idea of bitcoin will teach kids about saving as well as investing but the disadvantage of that is, they will not enjoy their childhood life. Since bitcoin needs more time and effort, most of their time will be lend in earning bitcoin and they will not have enough time to have fun. Its still a a good idea to teach bitcoin in the right age.

[subitlist]

I think bitcoin could teach how to save. It depend on how do we explain to them.

[guoyu78]

It's really worth the money to save money now that it's worth spending so much so when you're young you should learn to put money into a good example of bitcoin for children because of the musmus just thinking that they know how to raise money so may another child also know about bitcoin for their cheap mind they will know the amount of money because the children are now just as expensive as the cost they did not think because they were still young? so good is the bitcoin to them just thank you ...

Children learn the most from their parents. If someone wants his kids to do saving then he better teach himself first the importance of it. Then he can tell what can bring him profits also. With bitcoin, not only the child will be able to save money but it becomes his investment too. Bitcoin price keeps on rising up and introducing it to young ones is basically a favor to them.

[nelsledma]

I think bitcoin could teach how to save. It depend on how do we explain to them.

Simply by teaching them in school about bitcoin will give fruitful results and there will be a maintained mindset of kids that they will go into that field and that is more profitable and scoping field in future and that’s true so educational board must start it in coarse so that kids can understands critics about it and successful investors of bitcoin must be hired to teach them.

[BitcoinCommodor]

Bitcoin would definitely help kids learn about saving because they have to learn the fundamentals of $ before they can start to understand Bitcoin. Once they understand Bitcoin's monetary policy they'll want to HODL.

The best way to teach kids about savings and business is using bitcoin and bitcoin has ability to be taught in educational institutions and this will be great if schools will start teaching kids about bitcoin this will allow the kids to set their mind about their benefits in bitcoin and help them to choose the brightest field of time in which they can progress and earn in future.