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Author Topic: Would bitcoin help teach kids about saving?  (Read 13283 times)
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November 27, 2017, 10:37:47 AM
 #601

Indeed because they can save for their long term by doing this and i believe it can benefit them a lot in their long term if their life fail but i would not suggest understanding them to spend but simply understanding these to save this way they can not invest their bitcoins on games and things.
Bitcoin is just a form in which someone can save his money but it is not something that can teach others saving.  The habit of saving or thinking about future is something that parents or teachers can develop in kids.  Once they understand its importance, and we can introduce crypto currency to them. It is the duty of elders to help youngsters in making their lives. Saving in Bitcoin is the best thing that parents can do to their children.

Yes, you may do so. But you have to remember that saving can ALSO be learnt elsewhere. Otherwise stated, doing Bitcoin is not the only way to help children know the value of saving.

As for me, I think saving and investing should be taught as early as possible by way of example. It does not come overnight; it comes when there is a solid ground to rely onto. Hence, with Bitcoin or not, everything can be taught. You just have to be creative as you are dealing with such fragile minds and innocent personalities.

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November 27, 2017, 10:47:07 AM
 #602

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 is somehow effective, given the fact that we are now in the digital age. It is much reasonable compared on the other stuffs where they spend their money. It is a good start especially for the kids because they will learn to save and value money as they grow older. We must accept the fact that technology surrounds our lives today .

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November 27, 2017, 11:19:41 AM
 #603

In my opinion,most of the youth are entertain by various online games, social media and so on,for me its better to teach them to teach kids about savings  to bitcoin to accumulated with bitcoins so they can expect their future,at least for it comes to know and learned to save money with bitcoin.

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November 27, 2017, 11:39:43 AM
 #604

i dont think so because children cant teach if younger people can teach this things and they can save bitcoin and other altcoin. if the save e-money when they growth these people can save lot of money and it will help them to future carrier.

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November 27, 2017, 11:53:17 AM
 #605

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 is a way for kids to learn to save. As the value of it grows and the desires of the kids make bitcoins become toys  Grin Grin Grin Grin
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November 27, 2017, 12:09:19 PM
 #606

Yes they will. This kids will save their money if they know the value of money and how hard to earn this money's that came from their parents. In my opinion it is right that we should teach our kids about bitcoins as early as today.

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November 27, 2017, 12:12:31 PM
 #607

yes for sure the bitcoin will help not only kids but for all people because the bitcoin price until now is increasing we all know that if we not save some money right now or bitcoin we will just regret in the future. kids will know about it too for sure.

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November 27, 2017, 02:07:15 PM
 #608

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.
You are pretty okay regarding this. It is really not easy to teach kids about the importance of money and how to save it. They are totally dependent on their parents for expenditures etc. kids are really not in state of understanding the importance of money unless and unless they go through some great financial problems with their parents. Bitcoin will be good to teach teenagers the value of money.

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November 27, 2017, 11:45:50 PM
 #609

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
Before trying to teach I think it is important that we understand the concept better ourselves, how many people in the forum took the time to read satoshi's whitepaper? How many people have taken the time to read some books about economics? So before trying to teach we need to learn the subject better ourselves so we can explain to other people why bitcoin is better than fiat.
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November 28, 2017, 01:15:56 AM
 #610

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?
Orcourse because of bitcoin many kids will teached to save their money because of you save your money in bitcoin for your futuure there is no doubt that it will doubled or triple or maybe you'll become rich even your'e too young. Smiley

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November 28, 2017, 02:20:28 AM
 #611

Yes it is , and also it can help on children to learn about investment ..

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November 28, 2017, 02:34:16 AM
 #612

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 would say yes for that as long as they are not minor you can teach them about bitcoins because we all know the advantage of saving it. Showing them what will happen when you save bitcoins based on your experience for sure will encourage them to do the same thing like yours because it's like a gold value that increase day by day.

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November 28, 2017, 06:31:40 AM
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Actually is a yes to your question. Its a big help for the kids at their young age to teach them how to save money for the future needs. At the young age teaching them how the bitcoins work thats why there spare time will be more productive and they will also teach them how to be hardworking and that the young age they will know the importance of saving money at the young age.

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November 28, 2017, 06:58:19 AM
 #614

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?
Orcourse because of bitcoin many kids will teached to save their money because of you save your money in bitcoin for your futuure there is no doubt that it will doubled or triple or maybe you'll become rich even your'e too young. Smiley

I really do agree that bitcoin really do help kids teach on saving money. Because like us bitcoin help us teach saving too so I guess it was really good if kids also know this. But make sure if you really want thwm to know then teach them step by step for them to not experience difficulties just like me when my first time work in here. it really need to gather any information first before you teach kids for them to understand it.

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November 28, 2017, 07:08:06 PM
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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 an innovative way of teaching young kids about finance but honestly I really really like it. Not only are you teaching them the gift of saving but at the same time you are introducing them to something that I think will still be here 10 years from now and when they are ready they can invest for themselves. Needless to say the experience when younger will be worth all the time spent.

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November 29, 2017, 11:35:13 PM
 #616

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 no especially kids? It depends on how they been treated by their parents or guardians. Maybe those kids which are your cousins are born rich and always been spoiled by their parents and because of that they will be used to it and it will come to a point that they will never save anymore because their mindset us their parents are rich so nothing to save about. Bitcoins is q complicated thing for kids maybe they will never pay attention in this thus because they are kids not unless they are a teenager that will do, but not all.

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November 30, 2017, 10:19:36 AM
 #617

Bitcoin can teach children to save. I was wondering if it was not too early to introduce bitcoin to a child. But I feel bitcoin can train patience for children because following bitcoin is a long process. And the results will be very satisfying when we focus on bitcoin

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, there have a right time. If they know the value of money and how hard to earn this money's that came from their parents. In my opinion it is right that we should teach our kids about bitcoins as early.

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November 30, 2017, 10:32:30 AM
 #618

Teaching kids about saving is a great thing it is very difficult to make them understand what is savings. About bitcoin I don't think that kids can understand how to handle / use the cryptocurrency, practically and logically saying it is not possible for kids to teach saving in bitcoin is my opinion.

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November 30, 2017, 03:28:32 PM
 #619

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.
it’s a very good idea because in some schools bitcoin is going to tech and they are going to take advantage from it and I’m sure that other schools will also start to tech bitcoin in school and japan was the first country who start teaching in school because if these kids start saving so I’m sure bitcoin will help them in future because in coming time education is also going very expansive so it can support them and it will be easy for them to enjoy their life.
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November 30, 2017, 04:20:07 PM
 #620

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 you don't really need to use bitcoin to teach them about saving. Use practical things that can be observed in their surroundings so they can easily adapt it in their living. If they will be introduced to bitcoin at a young age, there is a possi ility that they won't take it seriously; besides, not all people are using it now so they may be confused at what is bitcoin all about.

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