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Author Topic: Would bitcoin help teach kids about saving?  (Read 13617 times)
kyasarin1205
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December 08, 2017, 10:36:17 PM
 #641

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.
I agree, kids need to be taught about saving but using bitcoin is a bad idea for that, bitcoin gives you the freedom to buy almost anything anywhere in the world and while that kind of freedom can be liberating for an adult person that is simply too much responsibility for a kid, it is better to teach them with cash and only teach them about bitcoin once they are older.

Bitcoin will be too much for kids to understand and beside shouldn't be the knowledge for saving start within the house and learned from the parents. Children should learn saving fiat money first because,  growing up, this kind of money is what they will be used to. Bitcoin is not yet legalized and not all people are open-minded in understanding bitcoin,  it might just confused the kids.
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mornabo
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December 08, 2017, 10:49:03 PM
 #642

"Would bitcoin help teach kids about saving?"

No, kids are stupid.

And bitcoin is apparently not even teaching most adults about saving, much less kids.
yeah thats true, i think how often do you explain bitcoin to small children, they will not understand about bitcoin, because they are not yet time to know and learn something complicated, you are true kids still stupid so they will not be able to teach you about bitcoin,,

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December 08, 2017, 11:24:34 PM
 #643

"Would bitcoin help teach kids about saving?"

No, kids are stupid.

And bitcoin is apparently not even teaching most adults about saving, much less kids.
yeah thats true, i think how often do you explain bitcoin to small children, they will not understand about bitcoin, because they are not yet time to know and learn something complicated, you are true kids still stupid so they will not be able to teach you about bitcoin,,

Haha,, but sometimes if they tried to save their money using bitcoins and when the price dumped, they will get angry because the value that they invested decreased. So somehow it could not help kids or even adults to save their money, but still it depends on a person you are teaching.

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December 08, 2017, 11:33:04 PM
 #644

It may help them make money not saving
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December 08, 2017, 11:51:29 PM
 #645

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 improper to burden them on money matters at an early stage much more with bitcoins. Since we are talking about kids it is not right to let them handle money.

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December 09, 2017, 12:46:44 AM
 #646

I do not think, bitcoin is not necessarily appropriate with kids, they do not necessarily know about investment, we should introduce another investment first before introducing bitcoin.

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Rascar Capac
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December 09, 2017, 12:54:27 AM
 #647

I'm happy with bitcoin, this is the modern era of saving money, I teach to teach for saving money in bitcoin, it's easy, just create a wallet and go to the exchanger to buy and then transfer to the bitcoin wallet then we are saving.
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December 09, 2017, 02:34:23 AM
 #648

I think it's not on saving, it's on how they spend.I don't recommend bitcoin to teach children. Firstly it is very difficult. Most of the members of the bitcoin community do not understand the bitcoin economy.
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December 09, 2017, 02:56:28 AM
 #649

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?

Yes it can help people to teach hownto save especially teens not kids that have the age of 10 below because some of that kids cannot understand bitcoins yet so introducing it to them will not help them to save but those teen agers might be. Because bitcoins may become there inspiration to save up money because there are already teenager that became a millionaire just because of saving up their bitcoins. And knowing that can became an inspiration to that kids and they will know save money and or biy bitcoins then save it.

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December 09, 2017, 03:32:52 AM
 #650

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?

Yes it can help people to teach hownto save especially teens not kids that have the age of 10 below because some of that kids cannot understand bitcoins yet so introducing it to them will not help them to save but those teen agers might be. Because bitcoins may become there inspiration to save up money because there are already teenager that became a millionaire just because of saving up their bitcoins. And knowing that can became an inspiration to that kids and they will know save money and or biy bitcoins then save it.
Teens are old enough to understand bitcoin and i believe that bitcoin will be great for them to learn how to earn money and also how to save some of their money for the future. I agree to that the kids are not yet matured enough to understand bitcoin because most of them are just trying to enjoy their life by playing outside and having a lot of friends.

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December 10, 2017, 01:20:05 PM
 #651

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?
yes,we can help them how to spend there money so that they can save some of it,we teach them slowly because kids are very agresive if they have money they can buy what ever they want to so let us teach them.

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December 11, 2017, 10:11:20 PM
 #652

I do not think, bitcoin is not necessarily appropriate with kids, they do not necessarily know about investment, we should introduce another investment first before introducing bitcoin.
I dont think so if they are very young because the only thing they do is to study very well first. But when  in the right age and they understand well about bitcoin and saving money here maybe we can teach them.

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December 12, 2017, 05:47:07 AM
 #653

I think btc could help the kids in saving but only their parents can teach them how to do it. It's still on how the parents or their guardians are going to teach them because btc can only be used as an investment or work,  but it's still the kids decision or approach to the information. And it's not only in btc that they will learn how to save financially, there are many ways.
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December 12, 2017, 06:05:34 AM
 #654

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 yes bitcoin will teach them how to save money but all we know parents and guardians are also responsible  to teach their children to save money because sometimes children have different attitudes.

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December 12, 2017, 12:05:30 PM
 #655

By the way, this is a very cool idea. it did not occur to me that you can teach kids how to save on an examle of keeping Bitcoin. Maybe in future they will thank you.

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December 12, 2017, 12:51:14 PM
 #656

for learning saving I think this is appropriate. but for small children maybe bitcoin is still too complicated to understand, and it takes a lot of effort to understand bitcoin.
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December 12, 2017, 07:24:26 PM
 #657

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.
Haha, I don’t understand why people are really after kids to teach them about savings. Kids should be given free time to enjoy their childhood and make some good memories out of it. Bitcoin is the latest technology and it is even difficult for many teenagers to understand bitcoin, how can we expect little children to understand bitcoin. Bitcoin is good to teach them when they are in their teenage.
Because you need to teach good habits early, most people in the US are not going to have a good retirement life despite the fact they are living in one of the richest countries of the world and it has been found that the difference between being penniless in adulthood and having enough money to retire is not how much you earn but how much you save.
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December 13, 2017, 12:01:51 AM
 #658

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?
of course bitcoin will help a lot of kids to save there own money it is up to their parents if they know how to teach there kids how to save their money.

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December 13, 2017, 12:08:49 AM
 #659

In future it will be one of the most use currency in the world so kids shold know nowadays how to use it and what bitcoin is exactly so just educate them as fast as you can.

I think as fast as we can is not good idea. Kid not always ready with something like this.
We need to teach them for sure, but at least we know when it should be.

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December 13, 2017, 01:57:08 PM
 #660

By the way, this is a very cool idea. it did not occur to me that you can teach kids how to save on an examle of keeping Bitcoin. Maybe in future they will thank you.
Yeah each child has different way of thinking and dealing with other people. If one child is having positive attitudes for saving it does not mean other will think the same. We will have to tell them about the importance of saving and the importance of having their own money. It will not be very difficult but it will take some practice to find easy and simple ways to introduce bitcoin saving.

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