Would bitcoin help teach kids about saving?

[bosede1]

For me using bitcoin to teach your cousin about saving is not an option. From the look of things your cousin are quite young, you can find simpler means to encourage them to save. As a kid we let about buying a small box with just a little opening at the top and when you drop money inside it cannot be remove unless you dismantle the box.

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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?

It is a good idea to teach bitcoin to kids but it depends to the kid what he/she will do with his/her knowledge about bitcoin. Maybe some of them will learn how to save and invest and some of them will just ignore and forget what they know about bitcoin. Remember, they are still kids and all they think and know is to play and be happy with their lives.

I think it is a good idea to teach kids about the benefits of saving but I think it is a bad idea to teach them about bitcoin, bitcoin gives and enormous amount of freedom but too much freedom too soon can be damaging so it is better to give to your kids a strict discipline but do teach them about saving, so they can have an easier life, just a few life lessons about money can go a long way to change the life of someone.

[JTASSOCIATES]

Practically saying kids are not able to handle bitcoin it is difficult to understand of using it in online. What we can teach them is there is a future currency in for format of cryptocurrency which is called Bitcoin it is going to used instead of paper currency. About teaching saving in the piggy bank only advisable to kids. Bitcoins savings techniques too early for kids to understand.

[nobody-]

It is not about saving , learning about blockchain technology itself is great thing ,as we know it is future as we should encourage kids to learn it.second is that kids can earn money through cryptocurrency by earning it through forum or from  doing freelancer.it is always good to enlighten them with bitcoin and altcoin so that they can aware what is going to come in future and they dont regret it not knowing at childhood.

I think kids aren't capable of comprehending what blockchain technology is. But I guess if you explain it using words that aren't hard for kids to understand, I think they will get the general idea at least.

[sebastianpenguen]

It is not about saving , learning about blockchain technology itself is great thing ,as we know it is future as we should encourage kids to learn it.second is that kids can earn money through cryptocurrency by earning it through forum or from  doing freelancer.it is always good to enlighten them with bitcoin and altcoin so that they can aware what is going to come in future and they dont regret it not knowing at childhood.

I think kids aren't capable of comprehending what blockchain technology is. But I guess if you explain it using words that aren't hard for kids to understand, I think they will get the general idea at least.

They don't have to understand blockchain technology, if they can understand the importance of saving money, this will be followed by understanding of blockchain and its technology. Trust your kids, they're pretty smart than you think.

[christina30]

It better to teach kids on how to save . it very important. But kids usually like to enjoy their childhood . since they are kids let them know by their own good . bitcoin would be a good help to them too

[Coins2350]

If there is an exchange there in your country that allows to convert your bitcoin to fiat in less than an hour. its probably not a good idea if one of them is a huge spender or worse

if he has a habit of spending his savings even though he's only halfway done lol. if we're talking about the other one, then its better to save in bitcoin as the price increases.

the main problem is where will they get the bitcoin? and no, mining is not the only way to earn bitcoin. mining is a complicated process you'll need a lot of things and it costs a

lot, much better for you to search it on the web. You can also search for the ways of earning/saving btc that are suited for your cousins but my suggestion is to either work for it

or buy it bit by bit

Sure, it will. I will teach my kids how to use BTC and they will know how to save and spend BTC or any other coins.

[Maxre]

I think teaching kids to invest in bitcoin is a very brilliant idea.
I will teach my child when they can read later.
so that his life in the future better.

[BlackBi88]

That's a good idea, you can explain and for your cousins ​​know that to earn bitcoin as well as paper money is not simple, so that thay have to save money 

[kyanscadiel]

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 yes if they already understand how bitcoin works, it will help them to be more responsible money saver.

[spooneds1]

I dont think it can help teach kids about saving, you can not put your hands on bitcoin, it is hard for kids to understand how to use bitcoin, kids enjoy their childhood by playing, but its a good thing to teach them how to save but not by bitcoin

[semutracing]

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?

children are the next generation and bitcoin is a better digital currency of the future, by introducing bitcoin to our children will definitely make them more efficient because it will certainly save them for their future needs

[mifanmuzny]

of course bitcoin will teach kids how to save and HODL for long term benefits and it will definitely teach them patience which is a very good thing when it come to bitcoins. It grow with time in value which will benefit the kid with whatever needs he desire to fulfill.

[meliodas]

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 it would teach bitcoin about the importance of money. However, the problem is that, bitcoin is very complicated for kids to understand. It took me sometime to completely understand the concept of bitcoin. I am still learning about bitcoin so I guess bitcoin is really complicated to understand.

[rhodelmabanal]

It depends on how he/she knows so far about money. If kids are now rooting in gadgets or fun filled technology today, there's no way a kid could learn save money. If a kid only rely's on parents wealth he may show himself a deep cover for money. As people might think that kids nowadays are aren't tought about money saving.

[Webetcoins]

Saving with bitcoin is an extremely positive thing especially for children, when compared with saving cash obviously conserving bitcoin much better and profitable.

Yes for sure the saving in the bitcoin is now making the bitcoin more and higher if we will hold the bitcoin and the bitcoin value will be high if we will hold it for the long time. Children are the future of the country so we should teach them the bitcoin use and the importance it will help our kids in the future I hope In the future all the people will use the bitcoin and they will teach the bitcoin to the people who are using it.

[barbara44]

I think bitcoin will help kids to understand its basic use. But saving money should be taught by parents not a just pushing them to bitcoin which really needs understanding about the market. Moral lesson should be taught first for the kids to help them grow helpfull and bright in the future.

Kids are so much sharp as they have a very powerful picking power and it will be so much easy for them to learn it because bitcoin will be taught by a computer with help of internet and kid are found so much fond of these two things so it appreciable to teach bitcoin to kids. To teach Morality is the basic need of each and every child.

[voztata]

Bitcoin may not teach about savings directly but perhaps the use of it will. For me, it has taught me how to save because for the first time in my life, I've been earning through bitcoin. It has made my become conscious of my finances and expenses. It has taught me how to save because I am now mindful of the financial decisions that I make. Perhaps in a way, once kids learn about finances through bitcoin, it may teach them a thing or two about saving.

I think it can teach kids how to save money for themselves because their main problem is to get control on their money, which is very hard for them to control on the paper money but if we look to the digital currency than for a kid, getting control on bitcoin is much easier than that of getting control on paper money. Not only kids but bitcoin also can teach adults the best ways of saving money which is a positive sign.

Everyone has his own opinion but I have some different opinion. In my opinion, bitcoin is not an easy thing to be used and that too by the kids.

In fact, there is no way that kinds can use this bitcoin. Bitcoin can no doubt teach this concept of saving money but only to the ones who are using it and are investing in it. We need to teach our kids about this habit of saving money by ourselves.

[Alaissa Ganda]

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?

No it will be up to those children if they really wanted to or not. Bitcoins will just help them to save money but they will work for it kust like any other people in this forum. There are different kinds of children there are those children that do not want to do anything thry always wanted to depends on their parents and do no want to gain money by themselves but there are also kids that gets inspired by just a single story and will start working by themselves because they wanted to. So just introduced bitcoins to them and try if which type they are.

[Hikkan]

Will bitcoin help teach children to save money? good question, right. It seems to me that children will like the fact that they will be able to pay bitcoin what they like without a credit card. That is, they can start earning bitcoins themselves, starting with the bitcoin faucets.