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Author Topic: Would bitcoin help teach kids about saving?  (Read 13858 times)
Harley29
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January 09, 2018, 05:31:29 PM
Last edit: January 10, 2018, 05:35:49 PM by Harley29
 #741

Bitcoin could teach everyone how to treat and safe money or how to invest it to just increase savings, that's logic that investing is something which needs patient and logic thinking will give you some good capabilities and konwledge for future.
There are good advantage’s in bitcoin and it’s also one of the good advantage of bitcoin that it’s for every one even house wife’s can use bitcoin and for kids it’s also very important to use bitcoin because in japan they are going to teach bitcoin in many schools they know how bitcoin is important for them so when they start saving of bitcoin today it will help them in their future and I wish in my country it also teaching in school.
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January 09, 2018, 05:42:37 PM
 #742

Well, you could use a small amount of Bitcoin that you have and use it to teach them about the full concept of cryptocurrency. While both of them have different views on how to use money, they both are right in their own way. One cousin that's good at saving, he'll be good at holding onto his crypto for long term trading.

Teach the spender how to effectively save his Bitcoin and how to invest in the cryptomarket properly. Because he's a big spender, he has a high risk capital which could help him when he trades.

TL;DR: Teach them cryptocurrency and how to safely navigate through it. Both of them have good skills which would help them invest, you just have to teach them how to be the best in their style of trading.
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January 10, 2018, 02:12:55 AM
 #743

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?


To teach children is need a lot time but to teach them to earn maybe could be possible. But it take time to teach them.

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January 10, 2018, 03:11:29 AM
 #744

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 not the time to teach kids about saving through bitcoin. They must focus on their education and at their age is the age for playtime. So I think there's another way to teach kids about saving and I think it is explaining to them about the value of money why do they need to save.

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January 10, 2018, 05:52:54 AM
 #745

I think bitcoin can teach the kids to save, but not 100%. Because introducing bitcoin to the kids nowadays will be harder for us, you know kids today are so smart and they will ask so much questions, so for you to be able to let them save you need to explain everything about it. For me it can help, but its good if you will just tell them that you will invest their money, and that's it. Smiley

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darkphoenix2610
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January 10, 2018, 06:57:04 AM
 #746

no they are too young to involve in bitcoin and besides you didn't know how long bitcoin would last, and you can teach them on how to save money for their future purposes, that is kids they didn't know the value of money yet so they spend it, if your a good teacher you can lecture them about saving it is good the other one is a saver so it is not hard to lecture but believe me when they got a job they will know on how to spent their money specially if they will have family
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January 10, 2018, 07:03:48 AM
 #747

The same is not true of kids: their entire lives have included the online world, so it is as “real” to them as the physical world. The idea of purely electronic money not only isn't problematic, it is expected. So young people are ripe to embrace Bitcoin, and this openness can help parents teach them some .
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January 10, 2018, 07:07:26 AM
 #748

yes, bitcoin can be used to teach children about saving and tell them about the advantage of saving because by saving good for the future
I personally don’t think so that bitcoin is that much easy thing that it can be understood by the kids and that kids can learn anything good from it. Bitcoin is really a complex thing and it is not at all possible for kids to develop a good understanding regarding this thing.

Bitcoin can no doubt teach us about saving and all that stuff but for that one needs to be mature enough so that he can understand the things in a better way.
Francis17
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January 10, 2018, 07:07:41 AM
 #749

It would more likely teach kids about the value of money rather than saving which eventually teaches them to save.
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January 10, 2018, 07:30:09 AM
 #750

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?

You just try to teach them about saving and then investing their savings. This the most proper way to teach them Bitcoin for me. If you show them a very childlike way of explaining these, I think they will learn to start saving. You give them a little example. Say, if they save $100 and then put such savings into crypto there is a possibility that it will become $500 or $1,000 in a matter of six months. So they could take their starting investment in $100 and then spend it but leave the rest for it will still grow more.



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beej
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January 10, 2018, 10:44:13 AM
 #751

Bitcoin can be a good reference to help educate kids about money
and saving. But it would be quite complicated for them unless you
make them understand on simpler terms. While your at it you could
teach or influence them about currency and investments too.
I do believe it can be done but it depends entirely on your approach,
method, strategy and patience to do so.
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January 10, 2018, 12:00:12 PM
 #752

Bitcoin can be a good reference to help educate kids about money
and saving. But it would be quite complicated for them unless you
make them understand on simpler terms. While your at it you could
teach or influence them about currency and investments too.
I do believe it can be done but it depends entirely on your approach,
method, strategy and patience to do so.

Bitcoin may help not only kids but also everyone in knowing to how to save money. Kids needs to understand first the basics and how bitcoin works. There could be a little problem along the process since just a few people understands bitcoin the right way but it depends on how we will explain to them.

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January 10, 2018, 12:11:54 PM
 #753

Also, not only bitcoin can make your two cousins save money. It all depends on each person's consciousness, and you can change their prejudices by giving them a small amount of money to spend in a few days. If they do not know how to save, they will suffer and will have a lesson to remember. If they keep repeating themselves, they will know what to do with a small amount of money.

Harley29
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January 12, 2018, 02:57:04 PM
 #754

yes, bitcoin can be used to teach children about saving and tell them about the advantage of saving because by saving good for the future
I personally don’t think so that bitcoin is that much easy thing that it can be understood by the kids and that kids can learn anything good from it. Bitcoin is really a complex thing and it is not at all possible for kids to develop a good understanding regarding this thing.

Bitcoin can no doubt teach us about saving and all that stuff but for that one needs to be mature enough so that he can understand the things in a better way.
As we know that bitcoin is for every level of society even for kids its very best if kids start to know about saving so it will help them in their future in Japan they are starting to teach bitcoin in school because they know it’s very important for them and bitcoin is becoming a future currency so I think it’s should be started in every school to teach about bitcoin to kids if the kids know about saving so it’s for can country as well.
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January 12, 2018, 03:09:07 PM
 #755

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?

Not really. It is good that kids knows how to save money or food or whatever. But while still a child let us first let them to just enjoy life since it is their right. Their mind are also set about playing and not by working. They will not enjoy their life if they have no happy memories to throwback if they are already an old man or woman. If we want to really help them by teaching them how to save then let ys wait for the righ time. There is always a right time for everything

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January 12, 2018, 03:19:22 PM
 #756

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, somehow yes. Using and getting engage into Bitcoin cryptocurrency can teach young kids and even teenagers the essence of saving since that was the simplest and easiest way that was possible to earn profit even you do not intend to work and exert much effort because it is just a matter of time that Bitcoin rises and holding some quantity which includes saving purposes makes Bitcoin more beneficial so I can gradually state that Bitcoin can do really teach kids about saving.

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January 13, 2018, 10:22:00 AM
 #757

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?


To teach children is need a lot time but to teach them to earn maybe could be possible. But it take time to teach them.


In my opinion, bitcoin is not as simpler thing as most of us thinks of it to be. It is really a complex thing and you really need to study a lot in order to learn the basics related to that of bitcoin.

In case of children and kids, you cannot rely on bitcoin as bitcoin cannot be understood by the kids at this much early stage of their lives. You can try out some other ways to make them understand the importance of saving.


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@minajeryll
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January 13, 2018, 01:21:05 PM
 #758

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 don't think it is the best way, but I can say that it is one good way to save. Not just to save but even to invest. It is good to teach the younger generation today about saving and investing so that in the near future they will spend their money wisely. But be careful and parental guidance is advisable, because it is not good that in their early age they are being controlled by money.
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January 13, 2018, 01:24:10 PM
 #759

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 was a great thinking to teach them about savings because savings is can give them a better life in the future so that's great if you teach them.

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January 13, 2018, 02:09:49 PM
 #760

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 was a great thinking to teach them about savings because savings is can give them a better life in the future so that's great if you teach them.
Children when entering at their teenage let them explore the net and introduce this bitcoin thing to them, the future of each children is with the help of the parents so let them know what they can do while they are young, letting them play online is not a practical thing.
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