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Author Topic: Would bitcoin help teach kids about saving?  (Read 12820 times)
NovaNewbium
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November 02, 2017, 10:10:03 AM
 #361

Well I think Bitcoin won't be a big help for a kid to learn to save money. Bitcoin is not a factor. A factor to kid's saving money is his control to the money. He should be wise enough on how to use the money properly. Use it for good purposes not on luxuries or desires.

I think that bitcoin would help kids about saving. They should know at early age that saving is necessary in one's life. It is an assurance and a platform to preparation. Through bitcoin they will be guided to earn and to save at the same time. They would have big hope for their future.

Yes, saving is important if kids can learn this at a young age they would save more in their life time and they will see their profit from it. They will also gain some money from bitcoin by saving.

This will help these kids later on when they are old. They can get the money on their wallets.

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November 02, 2017, 11:38:17 AM
 #362

In my opinion, I think Bitcoin would not be necessarily a help to teach kids about saving. We should be practocal regarding this matter. Even without bitcoin, you could teach kids about saving by having several examples and scenarios that will make them realize that saving is important for them. If they will grow old and will know about bitcoin then maybe they will value saving more.

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November 02, 2017, 12:44:48 PM
 #363

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?

Yes because the very core value of investing to bitcoin is patience and aside from that they will also learn how to protect themselves online and be vigilant at the same time. I think they will not just improve the way they manage their own money but they will also learn alot of things like research skills.


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November 02, 2017, 03:33:23 PM
 #364

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 bitcoin is not the appropriate way in teaching saving to kids. So i would rather advice you that you must teach your child with proper values and savings orally and let them appreciate the value of savings by means of your thoughts. We shouldn't teach them in a complicated way but rather teach them in a simple way but outcome based.
A lot of the children in the country are saving the bitcoin and the value price of the saved money will increase if all the people will invest in the bitcoin they will hold the bitcoin and I think children are very good at the saving as one of my little nephew is saving the money and they are having the money and the pocket money to put in the saving they are having the money as the bitcoin saving and he value of the bitcoin will be high if they are saving In the piggy bank.

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November 02, 2017, 03:54:36 PM
 #365

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?

Honestly, it's difficult to explain bitcoin to kids. Even adults find bitcoin a little complicated to understand, what more if you will explain or teach kids about it. It's better for them to learn the importance and the value of money. They should learn it in a simple way.
You are talking about kids, I face difficulty even when I am talking to a youngster or an adult about bitcoin. This is not a very heavy concept but still, there is a little complexity in it. It is a total new idea so common people especially tech laymen require time to grasp the idea.However, the habit of saving money can be definitely taught to the kids and developed in them also. Parents must watch over the savings in bitcoin for their kids.
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November 02, 2017, 04:04:22 PM
 #366

Teaching children about saving (and wider financial issues) is certainly important. It's part of normal schooling in some parts of the world and formal education of this nature might be rolled out more widely. Bitcoin might feature in that, but presumably only as part of it.

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November 02, 2017, 04:06:48 PM
 #367

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?


seriously why should kids learn to save from bitcoin,

1. bitcoin itself was made out of thin air

2. bitcoin damages burdens the infrastructure and socioeconomic environment.

one day these bitcoin manicas will get their tulpomania, the problem currently is that people have only the choice between banking cartells and blockchain this is way bitcoin stays.

regards

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November 02, 2017, 05:04:04 PM
 #368

BTC will be main future currency in the world.
So BTC will help to teach not only kids but also all people about saving
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November 02, 2017, 05:14:34 PM
 #369

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?
Your a good man that do have concern for your cousins spending habits but telling them on how they gonna spend their money turns out to be personal stuff for them.Its none of your business on how they would make use of their own stuff but somehow trying out to explain isnt really bad at all since you are just concern for their future.Unwise spendings would really result into a bad situation later on.

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November 02, 2017, 06:39:17 PM
 #370

when I was little my father taught me how to save money from my allowance every day well that allowance was not that much and only enough for my snack and payment for some projects in school and yes its pretty hard to save money back then. but now I can definitely teach my kid (well haven't one yet so someday) how bitcoin works so instead of wasting time in online gaming and posting nonsense in social medias  they can learn about how world spins  in just reading bitcoin and how to earn money while enjoying your self .

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November 02, 2017, 06:48:23 PM
 #371

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?
that would make sense because if you keep your bitcoins for a long time you will earn profit on it and it is pretty big amount when you hold it for a year. i suggest you teach them about bitcoin so they will know how important is saving Smiley

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November 02, 2017, 07:26:12 PM
 #372

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.
Bitcoin can be a way of saving but not intended for kids. Maybe if they already reach the right age it can be explained to them but not now that they are not capable to hold or manage money especially bitcoin as a form of digital money.
Bitcoin can help in teaching kids how to save money. But i guess it cannot be possible if that kid it to younger to handle. I mean ot will complicated for the kid to know and learn to use bitcoin with that age. Instead of having fun. But if kids will be at the right age, there is no problem introduing bitcoin to them because they will understant it for sure.

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November 02, 2017, 08:26:14 PM
 #373

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?
yes if they can take good estimate aboout bitcoin ,then can change her lige and support her family.So donot waste time try  to improve their knowledge and saving bitcoin or other alcoin

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November 02, 2017, 10:59:03 PM
 #374

Depends from the person and his needs.  If the income not from bitcoin covers all the claimed that person, then of course he will not sell bitcoins without any problems and will save them until the right moment, and if money is not enough, then of course you will have to sell.
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November 02, 2017, 11:38:10 PM
 #375

My childs are very young and i dont pretend to expose them at the moment into bitcoin savings, i do teatch them about savings being important in our life. I do pretend to use one of the adress i do use to show them into the future, what savings means and whats the benefict of it, i had saw some transaction from 2015 and its insane what it were worthing and what is worthing now, soo i believe the big message will reach them.

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November 02, 2017, 11:51:48 PM
 #376

When it comes to savings, i do not think bitcoin will help parents to teach kids about savings.  The reason for this is that, Bitcoin or money does not make a difference if parents implement savings teachings to their kids.  It is up to the environment that kids had when it is growing.  Remember, Bitcoin will and can never talk.  It is up to the people who use it on how they will use it.

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November 03, 2017, 01:01:55 AM
 #377

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?
If you are going to tell them the essence of money you have the time to teach them to save a part on having money for investments or business. And Bitcoin could help you to explain it , for the stock changes of its value for them to treasure every bitcoin they have becasue in bitcoin it is much better to save for them to earn more and to have a bigger profit they could used in transaction through the future.


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November 03, 2017, 03:37:43 AM
 #378

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?
Yes bitcoin is the best way to teach children to save their own money because many people get a huge of money by doing investing similar to saving" just believe in bitcoin and have a faith and perseverance ans someday you will get a lot of money.

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November 03, 2017, 04:38:02 AM
 #379

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?

yes, it would be possible. We are now living in modern technology where kids are knowleadgeable about modern gadgets and internet. They can easily adapt and learn in new things so that it would be possible that bitcoon could help then to save money.
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November 03, 2017, 05:32:31 AM
 #380

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?
It depends on their age. If they are quite young explain to them the importance of money and exaggerate on the difficulty of earning a dollar, this way they'll realize how difficult it is to actually earn. Bitcoin can be earned through patience, so it is a good way for them to learn savings as they will know how much to save and spend in a certain ratio.

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