Would bitcoin help teach kids about saving?

[pusa aso]

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 bitcoin help teach kids about savings like me,i will rather go bitcoin than to play with my fellow kids,i have the time to play and going to bitcoin,i have to earn more bitcoins for my future i have to save it for good.

[Webetcoins]

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 teaching Bitcoin to young ones is in this way, it is much acceptable. If your goal in teaching Bitcoins to young people  is for them to learn how to save, I will commend you. Teaching Bitcoin to young individual is a sensitive thing for there is money involved if they engaged themselves to it but if they engaged themselves to learn how to save it was a great help for them when they grew up.

It is true the best way to teach children about business is bitcoin because bitcoin has a lot of best features like bitcoin earning and making money. Bitcoin is equally good for all so it has capacity to be taught in educational institutes. It will be easier if schools will teach bitcoin in schools now bitcoin has a lot of profit for people who want to earn if they are students or they are not in schools.

[Jembut Ireng]

I'd rather see kids playing with their friends, I do not want to burden the hard things like bitcoin, let them understand if their age is right, so they will understand about bitcoin.

[FRJ]

Bitcoin can teach the kids the value of savings.Savings are alwsys helpful.Savings helps us in  fulfilling our emergency needs.So,saving is important. But saving bitcoin is not only helpful but also profitable.

Holding bitcoin can be defined as saving bitcoin.But usually we hold bitcoin not for a long term.But we save bitcoin for a long term thinking about more profits or to overcome emergency situation. So,I think bitcoin can teach saving money to your cousins.

[randal9]

I'd rather see kids playing with their friends, I do not want to burden the hard things like bitcoin, let them understand if their age is right, so they will understand about bitcoin.

I agree, children should enjoy childhood, then they can grow up full-fledged adults...I think that about bitcoin need to speak no earlier than in high school

[GideonGono]

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?

Well I think bitcoin would be a good way to teach them how to save,
And also tell them about how it works and  how they could earn if they save it .

That's a good idea especially now that many Altcoins are coming out in the market everyday. All you have to do is teach them to earn altcoins and tell them that when they save it can be a million of its price over the years. Also explain this why it will happen. The usual explination for that is the bitcoins. Say that in 2007 the bitcoins are only at $ 0.15 and now it's at $ 10,000. So if they accumulate altcoins they are sure to make millions of dollars now.

[maianh09]

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 that bitcoin can make children learn to save when price bitcoin are too high, whereas bitcoin can make kids spend more money than they have, if they were using bitcoin.

[splat44]

Yes, Bitcoin will help kids how to save money. which i believe in the next generation they know how to spend and not to spend money easily. Just like in our situation now millenials keeps on spending on the things they dont want. things that they want to impress people.

[veronikka]

there's a lots of ways to teach children how to save. and I don't believe bitcoin will help them to save money because bitcoin is a huge amount that can not be entrusted to children

[Gheka]

I'd rather see kids playing with their friends, I do not want to burden the hard things like bitcoin, let them understand if their age is right, so they will understand about bitcoin.

I agree, children should enjoy childhood, then they can grow up full-fledged adults...I think that about bitcoin need to speak no earlier than in high school

Precisely, children should have a life and a childhood belong to them, have fun, learn and rest, we should not bring the knowledge related to Bitcoin teach them or encourage them, it is not suitable for them. Many people still prefer cramming knowledge about Bitcoin for children, want kids to become great people when they were very young, want them to make money and save money but that's just a wrong idea, children have their own life and choices, we should not choose for them, it only ruins their future and destiny, that's really a sin

[Miles123]

Yes, it can help for them, but if only they could really understand the way on how to save here a money. I think their mind is only playing in their days, but when they are teens or more they will get interested here and willing to get a salary to have a source of income.

[arthotdog]

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 wont,instead it will only teach kids more spender because in bitcoin if
you're skilled and lucky enough lots of profit you might have and in that way theywill
learn more spending and wont mind of saving .

[TutorShow]

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 agree with you teach kids would help about saving.
kids are so bad when using money . 60% of pron sites visit from  users less than 18 year.
we must learn them about bitcoin not give them bitcoin

[pallang]

It's very hard to teach kids on how to save what more when they learn Bitcoin and start earning they can buy what they want and we cannot teach them how to save because they have already money on their own.

[Andrianla]

Great way, there are many other ways to teach them that saving is important, maybe what you mean is to get them to invest.

[ricardobs]

Great way, there are many other ways to teach them that saving is important, maybe what you mean is to get them to invest.

Bitcoin is not an idea way of teaching kids how to save. It will be much better to teach them with other process than using Bitcoin, cause they are still kids, and shouldn’t be involved in such things. By the way, Bitcoin is not even a way for saving money, it’s kind of an investment to make more profit, unless you plan to teach them Investment.

[micashane]

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?

Maybe it is and maybe not because as what you've said, they are only kids and the kids nowadays is focused more on gaming and playing even if you teach them bitcoins I think they would be a better bitcoiners or a bet hustler. There are many pros and cons so I don't think it would help them to save if they are only still a kids.

[mariah.sadio]

That is a good idea. Letting them have an account here at Bitcointalk forum is a good idea too. Why? Because you will teach them how to earn money just through posting here. You will also be able to teach them how to handle their money and manage all expenses. I mean, separate needs from your wants. Needs where you will have to really spent money for it for a cause of living while wants are those unnecessary expenses like buying excess clothes or foods, or drinks just because it is on promotions, traveling to different places more than once a month. It is fine to treat yourself or pamper yourself, but just do it occasionally, once very month or once very two months. That is how people manage their money well. Teach them on how to be contented on what you have. If the kid is really a spender, why not try telling them the idea of earning here, so instead of being addicted in spending money, they will get addicted on earning money.

[JohnnyCashers]

For me it's not a good idea,as there is no logic. Bitcoin can rise and can fall. And this has nothing to explain, we need more easy examples.

[labs0918]

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 help also kids to save but it is not the best way to teach them. It is not familiar to the kids so they hard to get what it is and how to save from bitcoin. Maybe teach them in other way or in a simpliest way.