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Author Topic: Would bitcoin help teach kids about saving?  (Read 13625 times)
ronics
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February 06, 2018, 01:03:48 AM
 #801

 For me it really is a good idea for kids to teach in saving way because bitcoin is too much for us anywhere we spend only on bitcoin in a certain areas and need to convert for a fiat there is also a need verify .because of how this could be explained bitcoin in children .I have difficulty and do not need children to give interest and for me that we are using bitcoin really dropped its value it probably depends on our ranking that the process here is week.

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February 06, 2018, 01:04:22 AM
 #802

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?
nope,this will only teach them to be spender,if they found how great bitcoin in providing money..we know how crypto is helping us to live the wealth,and now being child will learn about this?this is not a place for childrens,let them play and study..this is for a big boys/girls

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February 06, 2018, 01:15:10 AM
 #803

bitcoin as form of investment will help the kids to save money. how, by making bitcoin as their past time. as their investment of time. as their investment of money. bitcoin will not only teach them how to save but also it can teach them how to invest and how to earn money bigger and higher than the money that they invested.

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February 06, 2018, 01:18:24 AM
 #804

 For me i dont think Bitcoin would be the best way to teach your children about savings..
Kids now has a deep lack of understanding when it comes to financies and how to properly manage money.
All they know is how to spend money and enjoy it. Explaining the difference between wants and needs to children
can be tough. You need more patience to explain them what is the purpose of Bitcoin and what benefit you gain for this..
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February 06, 2018, 03:01:02 AM
 #805

I think its not the bitcoin itself that will help teach your kids about savings. It is the principle and strategy of savings not just bitcoin but also any other saving platform.
You can have bitcoin but if you don't have the proper strategy and financial literacy on handling it, it can't help your kids on learning.
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February 06, 2018, 03:19:20 AM
 #806

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?


   Will for me saving is a great for children. But teaching bitcoin is bad idea for me. Because if you enter this kind of business it will take many hours and time to get profit. So if you do that where is the children time? Children must not focus on money they should play and enjoy there childhood

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February 06, 2018, 03:34:29 AM
 #807

that would be nice example how to raise your wealth by ssving method or you can say holder or maybe long term investment. so they could buy the thing that they want by themself. teaching this method could make your cousins more smart on handling money in the future.
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February 06, 2018, 04:01:46 AM
 #808

Parents should teach them how to manage their allowance bitcoin does not related in this circumstances anymore  avoid spoiling them while growing up let them known the value of evry cents they have so that they don't spend it for such a waste let them be responsible to earn

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February 06, 2018, 05:47:11 AM
 #809

It will if you would explain to them how it works. In concise, cleary, and realistic matter. It will be a big help for them if they will be able to learn saving at early age.

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February 06, 2018, 06:57:46 AM
 #810

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?

Indeed, because of the fact that bitcoin is all about holding and saving, and this qualities would probably teach kids that when they are patient enough to hold or save something, it would benefit them the most in the future. That's why bitcoin should be encouraged for children. The only concern I have is they would be exposed to the internet.
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February 06, 2018, 07:10:48 AM
 #811

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 might help if the children can be taught to save by showing them the importance of money and that if they reach a certain age they can utilize that bitcoin savings and learn enough to be able to be savy to navigate the financial waters and be successful in trading and stock. If the kids can see that the grown-ups can be better at this then I think they would have the motivation to succeed as well



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February 06, 2018, 07:19:16 AM
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 #812

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?

They can save and at the same time they can lose money because it really depends on the trending of prices if this will goes up or down. We can say that kids can open their sense responsibility on how to use their money in a profitable way than to think of the expenses. At early age, it helps them to be thrifty about the money to be used. We can introduce to them the Bitcoins as this is very handy by just using your smart phones and internet then you can start trading right away. For me, that would be ok to trade in Bitcoin or others like stocks or bonds.

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February 06, 2018, 01:16:14 PM
 #813

At some point yes it can help or teach the kids to save money, but if we are talking about kids it means these are the people that if you will explain about this kind of business they will be confused because how it works. unless that kid is really genius to know about this. But I heard some parents are telling their children to invest in this because it will be higher and some point you can tell only like that. But if the kid is really curious then you need to do a lot of explanation.

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February 06, 2018, 01:29:23 PM
 #814

Of course can bitcoin can teach kids learn about saving. But unlike saving as usual does not wait to have a lot of money, saving using bitcoin it waits until the price goes up and then sells it. It's also useful for them to learn more about bitcoin


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February 06, 2018, 02:13:17 PM
 #815

maybe my kids do not need to be taught the bitcoin first, i just want them to learn to save and and learn what is taught by the teacher in school. I wait for the time to teach bitcoin to children because bitcoin is very easy to understand in my opinion. I do not know you will teach your child once or still waiting for time to teach it like me.

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February 06, 2018, 02:19:32 PM
 #816

It will if you would explain to them how it works. In concise, cleary, and realistic matter. It will be a big help for them if they will be able to learn saving at early age.
Well i am confident that bitcoin can totally help kids about saving with a very young age, just like me i am only student but even i am a student i save a lot of momey for my future purposes and i am very thankful to bitcoin, because it help me a lot to save money.

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February 06, 2018, 02:34:36 PM
 #817

Of course can bitcoin can teach kids learn about saving. But unlike saving as usual does not wait to have a lot of money, saving using bitcoin it waits until the price goes up and then sells it. It's also useful for them to learn more about bitcoin

Yes definitely.  But for some reason it can help our kids to practice saving.  Maybe telling them to save some of their bitcoin and then tell them that it is like money.  And it is more than money because it grows even if you just keep it in your wallet.  I can personally say that bitcoin helps me to save money.  It makes me realize that money if saved and becomes big in value, for some reason it can give you confidence.

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February 06, 2018, 03:12:33 PM
 #818

I think your opinion is good for teaching kids to save, so they can think about their future, because botcoin prices may be more expensive than gold in the future, and learning they save using bitcoin can guarantee their education as adults
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February 06, 2018, 03:49:29 PM
 #819

maybe my kids do not need to be taught the bitcoin first, i just want them to learn to save and and learn what is taught by the teacher in school. I wait for the time to teach bitcoin to children because bitcoin is very easy to understand in my opinion. I do not know you will teach your child once or still waiting for time to teach it like me.
yes, I agree with you .. because the child is still in the adaptation stage and needs a very wide knowledge of the lessons he learned in school .. the important thing is we have to teach them to save and live frugally .. there is time for us to introduce them to bitcoin ..

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February 06, 2018, 04:04:31 PM
 #820

I think yes.
Because people are investing in bitcoin and want to hold them for future because mostly price of bitcoin is increasing and people want to save their money in bitcoin so this way make mind of kids about saving money because if their elders are saving in bitcoin then kids will also follow their elders and that is the best thing for kids to get experience about saving.

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