Would bitcoin help teach kids about saving?

[Mel0nSmasher]

Saving is a great thing to attend the age of the kids. They can make sure they are familiar with conserving. Bitcoin could be a great instance on their behalf whenever you will tell them about saving particularly when they will use electronic currency to save. But if you are going to give an example of bitcoin, then it is best to give a very first explanation of how bitcoin prices can change.

[1714541881]

1714541881

[1714541881]

1714541881

[the rise]

Saving is a great thing to attend the age of the kids. They can make sure they are familiar with conserving. Bitcoin could be a great instance on their behalf whenever you will tell them about saving particularly when they will use electronic currency to save. But if you are going to give an example of bitcoin, then it is best to give a very first explanation of how bitcoin prices can change.

This is very dangerous because bitcoin bases are an investment, many bitcoin businesses are not on the internet uncontrollable and will allow children to spend their savings in gambling or hyip, this is highly discouraged and better only taught by children aged 17+.

[ivrynx]

This would depend on who is going to teach them, if the person that is going to teach them doesn't have any Bitcoin knowledge at all, then there is no point to that person teaching bitcoins. We should all start teaching our children the value of money at a young age, it is much better, the moment they learn how to do simple math, we show them already what and how investment is , we do no need to be technical, we can simplify it for them, so in time, when it is their turn to invest, they already have the advantage and for sure they will enjoy every step along the way.

[daddypastes]

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?

bitcoin can teach kids to save thier money in able to have a saving that may promote to not spend their money for a useless reasons or things. through the help of btc it creates more investing and savings.

[Casmania]

Saving is a great thing to attend the age of the kids. They can make sure they are familiar with conserving. Bitcoin could be a great instance on their behalf whenever you will tell them about saving particularly when they will use electronic currency to save. But if you are going to give an example of bitcoin, then it is best to give a very first explanation of how bitcoin prices can change.

This is very dangerous because bitcoin bases are an investment, many bitcoin businesses are not on the internet uncontrollable and will allow children to spend their savings in gambling or hyip, this is highly discouraged and better only taught by children aged 17+.

Yes it was too dangerous but I guess there are kids that really wants to know about this. It is good for them because saving money for there future was great. I know its too difficult for kids to learn this kind of transactions but there are kids that are fast learners and I guess they will enjoy this and they can save money in there future for there own good. Bitcoin I guess is not a gambling, infact it really a big help for people that doesn't have enough job. For kids, I guess we can never force them but if they want to learn, then why not? right? It was good for them.

[JoMarrah Iarim Dan]

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?

So you mean your cousins are just “kids”. First of all they are just “kids”, so they do not think like adult thinks. They do not know yet how to earn money or how difficult is to earn money in short they do not know the real value of money. Furthermore, most kids only knows how to spend although some of them matured early so they save money but I think bitcoin will not be a help to teach kids about savings.
Mining ? “only way to make alot of bitcoin” ? Yes mining can make bitcoin, but we can also earn bitcoin. I do not do mining but I have bitcoin.

[Sled]

Saving is a great thing to attend the age of the kids. They can make sure they are familiar with conserving. Bitcoin could be a great instance on their behalf whenever you will tell them about saving particularly when they will use electronic currency to save. But if you are going to give an example of bitcoin, then it is best to give a very first explanation of how bitcoin prices can change.

This is very dangerous because bitcoin bases are an investment, many bitcoin businesses are not on the internet uncontrollable and will allow children to spend their savings in gambling or hyip, this is highly discouraged and better only taught by children aged 17+.

Yes it was too dangerous but I guess there are kids that really wants to know about this. It is good for them because saving money for there future was great. I know its too difficult for kids to learn this kind of transactions but there are kids that are fast learners and I guess they will enjoy this and they can save money in there future for there own good. Bitcoin I guess is not a gambling, infact it really a big help for people that doesn't have enough job. For kids, I guess we can never force them but if they want to learn, then why not? right? It was good for them.

If they want to learn how to use and earn in bitcoin then we should not become a hindrance for them and we should guide them into the right path in order to take them in a right way of earning bitcoin but if they don't like it then we should not force them because it will just result for having a gap in our closure between the kids and we need to wait for the time where they will get interested.

[yvesp110]

Saving is a great thing to attend the age of the kids. They can make sure they are familiar with conserving. Bitcoin could be a great instance on their behalf whenever you will tell them about saving particularly when they will use electronic currency to save. But if you are going to give an example of bitcoin, then it is best to give a very first explanation of how bitcoin prices can change.

This is very dangerous because bitcoin bases are an investment, many bitcoin businesses are not on the internet uncontrollable and will allow children to spend their savings in gambling or hyip, this is highly discouraged and better only taught by children aged 17+.

You are right the kids show good interest in the gambling and the saving of the money it is the new age and a lot of the people are buying and the saving the bitcoin so I hope the future of the bitcoin will be very bright a lot of the people are now dependent on the bitcoin for the income and the profit, if we will teach the children about the bitcoin so they will have the big profit I am happy to use the bitcoin now.

[Whitegriever]

It will not help children save money because children do not care about money i think it will help teenagers save money because it can make them earn a lot and they can make a lot out of it.

[Dart18]

It may become the other way around.
Kids who have benn given savings and already in the right might to spend it will do it.
It is different nowadays. They almost knew everything because of the internet and of course social media.
It may be best to just let them be kids which are just playing and going to school.

[machinek20]

I dont think it could help the kids to save, but it could teach the kids to earn, but the kids wont too interested, since he cant spend the bitcoin, bitcoin is not suitable for kids, but it is good to introduce to them, so they know updated technology and different shape of money

[potatocorner]

Bitcoin can somehow help kids to save, but it is not necessary for them to learn bitcpin just to save. In order for them to be familiar with saving, we should start teaching them practically and use simple things. You can introduce saving in bitcoin to teens because they will understand it more and will appreciate it easily.

[Hazaki]

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?

Cryptocurrencies aren't really the best example to teach kids the benefits of saving with since there are 2 possible scenarios :
- The 1st scenario consisting of if that currency crashes and the one who is a huge spender would have profited of his coins when they had value and thus made them worth something before they felt off , while the second guy who saved didn't benefit of anything , invested so much time in it while depriving him self from buying what he wants . And this is the scenario that we don't want to happen .
- The second scenario is when the coins value increases almost constantly ( such as bitcoins ) , and the guy who saves beats the guy who spends and who is loosing the potential value that his coins could reach , and this is the best case scenario .
We know that cryptocurrencies go through lots of fluctuations and both scenarios are probable to happen , sometimes to the same coin so we'll have those poor kids confused about the whole idea and we'll fall far from the point we tried to make which is saving !
So the best thing to do will be to explain the saving ideology with fiat , in practical life scenarios which will show how a moderated spending span will be the best or when will saving be the best , irresponsible spending is always bad anyway .

[PizzaBTC]

For me it is a good idea the younger they learn how bitcoin woks the more profit they can get. But always remember there are only kids and its hard for them to underatand it quickly so we have to educate them slowlt or step by step.

It is better to let them learn the traditional education like in the teachings in the schools rather than teaching them how bitcoin works because it will help them to focus in their studies first and since they are kids they are not prepared for this kind of technology and they need to expand their basic knowledge first and after they entered high school then that is the time for my opinion to teach them how to bitcoin works.

This will lead to the more success if btc as it will be started as school teaching to kids, and most of the parents will wish that their child must learn this module and this will make a clear mindset of children that they will adapt this field in future because in bitcoin profit is very big and no other field can give them so much ease to become rich in few days and schools must take an initiative to start it as proper subject.

[expless]

For me it is a good idea the younger they learn how bitcoin woks the more profit they can get. But always remember there are only kids and its hard for them to underatand it quickly so we have to educate them slowlt or step by step.

It is better to let them learn the traditional education like in the teachings in the schools rather than teaching them how bitcoin works because it will help them to focus in their studies first and since they are kids they are not prepared for this kind of technology and they need to expand their basic knowledge first and after they entered high school then that is the time for my opinion to teach them how to bitcoin works.

Kids are not the right choice when it comes to the financial matters. Because they must be provide an equal amount of time to enjoy their lives and be free of any sort of responsibly growing through the stages of life steadily until they reach the age of maturity.

In this way, the result of teaching them the importance of Btcs would be more beneficial as they would be able to grab the concepts clearly .Bitcoins could help to teach savings to others but at the appropriate time of life

[kuncimobil]

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?

yeah maybe we can give understanding to the children about the benefits and advantages of saving with bitcoin as an example

[daddypastes]

I don't think bitcoin would be the best way to teach kids about saving, because there's not a lot of opportunity for a kid to spend the bitcoin they've acquired...when you can't spend it you must save it!

It would be better teaching on how to save to use fiat currency because part of the teaching is learning to not succumb to the temptation to spend the saved money at every toy store, movie, iOS app store, etc.

You could use bitcoin to teach them about saving for retirement, long term savings and how investments can appreciate in value over time. Just my two satoshi!

yes it could use to important things and teach them how to save and value

[balanghai]

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?

yeah maybe we can give understanding to the children about the benefits and advantages of saving with bitcoin as an example

But it's still complicated for them to learn how to use internet + money.
They should learn from how to use fiat wisely and then step by step , they will figure it out how to use bitcoin in proper way

[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?

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.

Kids are the future but at the same time you cannot rush their development if we were talking about teenagers then I think it could be a good idea to teach them about bitcoin since they are going to be introduced to bitcoin one way or another when bitcoin reaches mass adoption in the next decade, but kids do not have any need to know about bitcoin yet.

[JohnBitCo]

It will not help children save money because children do not care about money i think it will help teenagers save money because it can make them earn a lot and they can make a lot out of it.

Bitcoin can help children to learn how to save. Kids don't have much opportunity to spend there bitcoin. When they see there's nothing to spend they'll surly save there bitcoins .But first we have to introduce the power of bitcoin to our children which is hard part for us. Bitcoin is for teenagers and for adults. How a kid can learn about it .
We need to develop interest for the kids so that they can really indulge in bitcoins. A good option will be to start making games which give bitcoins in case of winning rewards.