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Author Topic: Would bitcoin help teach kids about saving?  (Read 13291 times)
player12
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November 21, 2017, 08:26:48 AM
 #561

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 induldged them into btc casino.
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November 21, 2017, 11:08:53 AM
 #562

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.
Yes, it can help kids to save money for themselves  because for kids wasting paper money is very easy but for them wasting bitcoin is not easy as that of paper money. Bitcoin can be the best if used in daily life routine. Not only kids but also teens, adults and people of every age will try to save bitcoin for themselves. 

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November 21, 2017, 05:38:23 PM
 #563

you cant be sure with this now 1 bitcoin is really high the logic which can be applied here is we give them bitcoin as pocket money and tell them to save if they save they will understand that money is increasing if not they might just end up spending everything

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November 22, 2017, 01:34:40 PM
 #564

Yes of course, not just for kids but to everyone. I know its not that easy, but its way better to teach them to save money using bitcoin as a reference at their early age so that it would be easy for them as they grow up.
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November 22, 2017, 01:40:01 PM
 #565

you cant be sure with this now 1 bitcoin is really high the logic which can be applied here is we give them bitcoin as pocket money and tell them to save if they save they will understand that money is increasing if not they might just end up spending everything

I do really think that teaching kids about bitcoin will be complicated.  Kids at young age knows what money is and where it can be spend but to  use bitcoin to teach them how to save might be challenging since economics is needed to understand it.

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November 22, 2017, 01:42:32 PM
 #566

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?

Sacing is essential for everyone, it make us ready for upcoming events that we cannot predict , but its too superficial too engage our children in bitcoin just to learn how to save , this is somehow responsibilities of our beloved and also the school this is supposed to be one of their subject since as a student or as a human being saving is good, so why to engage young people here just to save?

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November 22, 2017, 01:50:42 PM
 #567

I think teaching kid about Bitcoin is unncessary, because anyway they're too young, let them enjoy their easy life first, Bitcoin was made for the earning purpose so it's just not fit with them.

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November 22, 2017, 01:57:17 PM
 #568

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 for the kids they don't know yet about bitcoin. So before they know bitcoin just teach them how to save their money,and teach  them how to spend in a good way. Because in the future, maybe bitcoin is one of the useful to spend. When they buy their stuff they used bitcoin. So before that teach young people how to save their own money

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November 22, 2017, 01:57:44 PM
 #569

The sense of bitcoin pattern is like saving, and if this thing introduce to kids, it may give them an idea and they may learn how to save and if they save they may get more from it. But this maybe impractical and not applicable for kids because although they know then how to save, they still cannot internalize it and never understand the true procedure of bitcoin saving and its usage. But only the "saving" idea.  

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November 22, 2017, 02:25:50 PM
 #570

It could be and couldn't be at the same time. Bitcoin could be a tool in helping kids to somehow value money. In Bitcoin we are tend to hold our coins and patient until the price or our expected rate is reached before selling it, kids could learn how to wait and save based from our guidance. It couldn't be, why? Not all the time we can check on our kids and Bitcoin is quite a big industry. Kids nowadays are curious about a lot of things and they'll try to figure out it on their own. If they accidentally engage in Gambling for sure it would be a disaster, what more if they already experience to win.
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November 22, 2017, 03:04:18 PM
 #571

I think that there are other ways to teach kids on how to save money, because in my opinion kids will not be able to save even with the help of Bitcoin when they can't discipline theimselves and when they can't value the importance of saving.

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November 22, 2017, 06:43:50 PM
 #572

I think no, but bitcoin will teach the about investment, only save money will not give you much benefit but by investing you could have the better future.
Well I think in some schools bitcoin is already start teaching and I think japan is the first country who start teaching of bitcoin in school and it also start helping to kids many of kids are trying to keep it save bitcoin and they have a plan to use it when they become young and I’m sure it will help them a lot in their future.

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November 23, 2017, 04:39:06 AM
 #573

With regards to savings, i don't believe bitcoin can help parents to teach children about cost savings.  The reason for this is that, Bitcoin or money does not make a difference if parents implement savings teachings for their kids.  It can be the environment that kids had when it is expanding.  Keep in mind, Bitcoin will and can by no means speak.  It can be those who apply it to how they will use it.
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November 23, 2017, 10:31:55 PM
 #574

Not just kids even adults will learn to save money to buy bitcoin. Investing taught me how to use money, It taught me how to use it wisely. The only downside of crypto is by investing it to other altcoins ,sometimes it doesnt work specially if you buy from the top.

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November 24, 2017, 12:23:53 AM
 #575

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,that's correct.bitcoin will help and teach them how to save especially if you have a extramoney,and bitcoin is the best way to teach them how to save money.while they are stil kids we  teach them how to save money and it is not bad to know them about bitcoin.

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November 24, 2017, 02:21:10 PM
 #576

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.
Well I think bitcoin is not only going to teach about saving but also it teach about trade and investment as well so I think it’s very important to teach kids about all these things because I’m sure it will help them in their future be use coming time is very stuff for every one even it’s also very hard to find a job so this saving can help them in their future.
We should teach our kids about bitcoin and how to buy and earn more and more money holding our bitcoin. We will spend our savings to buy bitcoin and can make money through bitcoins. By this way I think the kids will learn to save money for investing in bitcoin in the future and would make more money through our investment in bitcoin. I think it is good to teach our kids how to save money and for what purpose.

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November 24, 2017, 02:48:19 PM
 #577

No it would not help them saving because children need to focus on other things like watching TV  and going outside that is what they need not to save money at a young age that is why i do not agree with you that children need to learn saving.
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November 24, 2017, 02:56:47 PM
 #578

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?
Saving is actually a kind of habit tgat you dont need to be involve in one of the most risk taking system nowadays just to learn how to apply it, its something to do with the mentality of a person towards his or her money. If you save you can have for emergency if you dont then accept the consequences, you dont need to involve our young people just learn how to save.

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November 25, 2017, 03:22:37 AM
 #579

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 can be a good example for them when you will be telling them about saving especially when they will be using digital currency to save. But if you will be giving off bitcoin as an example, you must give them an explanation about how the price change and how volatile their price is.
Bitcoin is a great  help in teaching one how to save but for the children i think it's not convenient for them now because they still have no idea about how to manage money.
Better believe it! That would be very difficult to persuade kids to spare cash in type of bitcoins. Be that as it may, in the meantime, it's astute to give them know what about bitcoins. Since bitcoins are the future pioneers of computerized world and soon there will be more contenders to purchase bitcoins, it's wise to show kids about bitcoins.

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November 25, 2017, 04:19:18 AM
 #580

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?




For me in my opinion i think it can help a lot how to save money and how to keep your money in a bank. If you are huge spender you can spend your money in investing .try to gumbling your money in right idea that is my opinion only.

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