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Author Topic: Would bitcoin help teach kids about saving?  (Read 13800 times)
barbara44
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November 13, 2017, 10:20:55 AM
 #461

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.

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November 13, 2017, 11:38:18 AM
 #462

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.

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November 13, 2017, 11:46:30 AM
 #463

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.
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November 13, 2017, 11:52:53 AM
 #464

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.

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November 13, 2017, 11:58:48 AM
 #465

More of the teenagers will be greedy if everyone will learn how to earn bitcoins. Its a good mentality for everyone if they teach kids how to save money, Because that is what you will do in the future, You will still save money to live.
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November 13, 2017, 12:00:28 PM
 #466

Yes it would help kids not only with saving but also with the fact that they can save and secure their future their selves also there is a bad side because kids need to play an not focus on their future at a young age so it has bad sides and good sides.
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November 13, 2017, 12:08:48 PM
 #467

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?
In my own opinion, maybe bitcoin could teach kids how to save because they will learn how to value there money and spend it wisely. But i think they wil have difficulties in understanding about bitcoin so they should be guided by their guardians or elder people.
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November 14, 2017, 12:15:05 AM
 #468

Is the questin,  you will teach them about bitcoin??
Or just tell the about it?
If you teach them,  wow! That's too risky  for kids,.
Because learning bitcoin is not easy and can make them getting stress.
Yiu will take their time for playing.
But if you just want to teach them the benegit of saving,  that's kind of cool.
So,  they will think taht saving give you more profit.
That' good idea.

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November 14, 2017, 12:19:14 AM
 #469

I always have believed that Bitcoin is not for kids . You may teach them what's Bitcoin and the uses of it but I don't think you should let them use it until certain age.

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November 14, 2017, 12:43:40 AM
 #470

I always have believed that Bitcoin is not for kids . You may teach them what's Bitcoin and the uses of it but I don't think you should let them use it until certain age.
Bitcoin is not for the kids and i agree to that because bitcoin is too early for the kids because they don't have enough knowledge about the usage of bitcoin and so on. They still need to learn a lot of things and i think that it is perfect for them if they will become 16 years old and up because that is the perfect age for the kids to learn and use bitcoin because they already know what they are doing.

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November 14, 2017, 01:00:27 AM
 #471

I always have believed that Bitcoin is not for kids . You may teach them what's Bitcoin and the uses of it but I don't think you should let them use it until certain age.
Yes its too early for them to use bitcoin and there are other things more significant than expose them in using it.

However in terms of saving i believe it has a good impact for them. Its a good example that if you save your money in btc, it can grow slowly as time passes rather than spending it.


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November 14, 2017, 01:04:32 AM
 #472

I always have believed that Bitcoin is not for kids . You may teach them what's Bitcoin and the uses of it but I don't think you should let them use it until certain age.
Yes its too early for them to use bitcoin and there are other things more significant than expose them in using it.

However in terms of saving i believe it has a good impact for them. Its a good example that if you save your money in btc, it can grow slowly as time passes rather than spending it.



I tell my,aister to save in btc now for her son,and she's doing it, later when my niece were big enough to understand it , he'll be the one to add some on it.

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November 14, 2017, 01:30:27 AM
 #473

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 do not think bitcoin can do that, because bitcoin has a lot of bad side so it can teach kids bad things you do not want them to know.
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November 14, 2017, 02:24:35 AM
 #474

I always have believed that Bitcoin is not for kids . You may teach them what's Bitcoin and the uses of it but I don't think you should let them use it until certain age.
Yes its too early for them to use bitcoin and there are other things more significant than expose them in using it.

However in terms of saving i believe it has a good impact for them. Its a good example that if you save your money in btc, it can grow slowly as time passes rather than spending it.


you are right. maybe to teach them to save, can be started from simple things first. because I also feel that it is too fast for them to learn bitcoin. I think playing in front of the computer for too long will make their health decline.

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November 14, 2017, 02:51:04 AM
 #475

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 if youre going to teach bitcoin to kids, you will have a hard time because that kind of topic is not for them. Kids always want to have fun and play and they dont have time for that kind of serious thing. Bitcoin is for those people who want to earn their own money to sustain their daily needs.

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November 14, 2017, 04:07:47 PM
 #476

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 if youre going to teach bitcoin to kids, you will have a hard time because that kind of topic is not for them. Kids always want to have fun and play and they dont have time for that kind of serious thing. Bitcoin is for those people who want to earn their own money to sustain their daily needs.
Yes, kids doesn't provide attention towards bitcoin. At that age all that they require is the carrier and freedom to act upon their wish. During those days if we're insisting something to be learned, some kids get opposite thinking and never thinks of the same. It's for people who are at an level to earn.

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larrylegend33
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November 14, 2017, 04:27:20 PM
 #477

I think it would be one of the best idea for saving, maybe the best. There are many different ways to collect bitcoin online. Including games.

I give you some games here:

Satoshi Wars

Virtual Pub

Cyrpto Racing

Coin Races

sariz12
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November 14, 2017, 04:44:41 PM
 #478

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?
Not bad idea,so do it now,you will not regret about that ...
I used to tell my father about Bitcoin (technology, how to use, private key to keep safe the funds, the risk when saving in Bitcoin ...) and potential of cryptocurrency in future can saving better than Gold or Bank in present. He understand my introduction about crypto and he know at now, saving crypto can helps the life my family in future rich more than...
expless
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November 14, 2017, 07:07:04 PM
 #479

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's a good idea to teach your 2 cousins about saving using bitcoin so they could buy the things that they wanted. They could also earn more money with it and they could help each other when they used bitcoin for their daily lives.
Kids are the future generation of each and every nation and bitcoin is the future of the world so it an appreciable and commendable idea to kids about bitcoin because these kids will become able to compete the upcoming challenges of the new world and definitely they will play a key role in stabilizing the financial status of their nation.

whyrqa
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November 14, 2017, 08:41:10 PM
 #480

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's a good idea to teach your 2 cousins about saving using bitcoin so they could buy the things that they wanted. They could also earn more money with it and they could help each other when they used bitcoin for their daily lives.
Kids are the future generation of each and every nation and bitcoin is the future of the world so it an appreciable and commendable idea to kids about bitcoin because these kids will become able to compete the upcoming challenges of the new world and definitely they will play a key role in stabilizing the financial status of their nation.
The fact is that I have long noticed that there is an opportunity to make good money with the help of crypto currency and therefore I try to attract my family to this work. Of course, this affects not only the popularity of the crypto currency in general, but also will help stabilize the financial ability of other people. I think that this method should be used by everyone.

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