Would bitcoin help teach kids about saving?

[Loremipusum]

It will surely help kids understanding about saving. They will understand at a young age that saving can give you a lot of things and much better then not saving something.

Kids will i think have a little problem understanding bitcoin, but they will know that saving is the best one with this.

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[Vilestabber]

Yes because they need it for their future like spending it on college feeses and doing something with the money like start their own company if they have chosen the economic way in college  it can help a kid a lot in their future.

[Xising]

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?

That would be a great idea. Bitcoin is all about keeping and letting the value grow. The thing about bitcoin is the advantage lies on not being spent. So, when kids figure that out they will value bitcoin more as well as their own money.

[Howlvenger]

I Think it will because if they see you can make millions without doing anything and just waiting for your bitcoins to go up then it will probably motivate them to also not give anything out and see for myself.

[crustez00]

That's brilliant idea pal, go teach your young relatives about saving money or doing investment so in the future they will reap something sweet in the future  and kids these days need to be educated about how to maintain financial and gaining some too. so they will appreciate money that they have 

[wizmo]

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 have read somewhere that a school student bought some bitcoins when price was very low now he is millionaire so that should be a good idea to teach kids about bitcoins and also parents should advice them to invest some of their savings into bitcoins. If they hold it for few years then they can cover their college fees and get higher education as well. In short, they can cover their future expenses without any worries.   

[yurekaa]

not loss if you spend bitcoin, because you get it from free ways.
i mean, internet and hp is our primary needed.
but we have choice here, save is best way and make more profit to us.
explain in any thought about saving to your cousin. not about save bitcoin, bitcoin is not related with saving.

[nagatraju]

Instead of study Bitcoin, why not study computer courses like programming and developing?

I agree, it's enough to teach the children the basic principles and to use their minds, then they will understand, that bitcoin is good and they need to understand and use it ... or that they are not interested in it and maybe they need to do something else

[Micko1369]

Bitcoin will soon become the official currency.
In my opinion, that could be the best way to teach children how to save some money.
On the other hand, I can not claim that this is true because if you have money - you buy things, whether it is the euro, dollar or something else, that is money, and money is easy to spent, unfortunately.

[appleffi]

I don't think kids are going to be interested on this matter. At a young age, they wouldn't normally take part in this kind of ecosystem since the only concern they care for is to enjoy their childhood and to study. Though they are already taught to start saving at a young age they still under the control of their guardians.

[Soranith]

I doubt if some kids will be interested about saving if you will use bitcoin because bitcoin is a little bit complicated for them. If you really want to teach kids how to save you should use a simple example and something that will interest them.

[killerfrost]

I think bitcoin does not teach you how to save, but it teaches you how to use the money a lot and reasonably. Like the people I know after they joined Bitcoin they became a different person, they were generous in everything and they always used the money reasonably. However, they also made a lot of money from Bitcoin so bitcoin taught them how to spend money.

[lordquanta]

Thought better. But don't you think mining bitcoin is lesser worth with cloud mining. Seems ROI lesser amount than thought.

Cloud mining of bitcoin in todays world is mostly a scam or ponzi scheme. Whatever one or two actual cloud mining services are there, there return on investment is so low that it is far better to have it them for your self. Yes there are some sites which are genuine cloud mining. Note, any cloundmining company like gainbitcoin and bitcoingwothfund are first class example of bitcoin ponzi scheme. Thus stay away from the cloud mining scheme. Purchasing bitcoins regularly with your monthly budget is better than cloud mining.

Bitcoin is great way to teach the kids about the saving. You could show them that no matter how small amount they invest at moment regularly, after few years down the line they will have great amount of returns from the saving.

[HankTheTank]

They would help kids about saving so they know that saving is a important thing. If we do that we could have less panick selling in the future xD.

They will also earn more money because then they will know something about bitcoin so they will use it.

[moooonu]

Everything has its two sides one is when its used for good purposes and second is when its used to bad purposes. Giving knowledge about bitcoin to your cousins is a good idea but if we see negative side of doing it then bitcoin is used for illegal activities, bitcoins is used in almost all gambling sites, nowadays bitcoins is used to pay online porn shows and stuff. Warn them about it and also use parental control in their computers.

[Falconrunner]

I think it will depend how how old the kids are because if they are like around 5 years old they will forget it and just buy some candy afterwards but i think it will help if they are around 17 year old.

[wilwxk]

Unfortunately not, if you see the impact of the credit cards; where the people spends more than if they are using paper money, the facts like the eight decimal digits and the facility of spending will not help about the control of spend. But i think bitcoin can help much about how the currencies works and how the cryptos can be better than paper money.

[Noilee]

Bitcoin can help teach kids about savings, because this is good for them and they must know that savings is most important above all. It helps kids to become wise about savings, they must know that they get benefits from savings, the most important is that they must know how to save, for their brighter future. Because of bitcoin the mind of the kids are develop and their minds is expanding through bitcoin. I think bitcoin is the way of success about savings. 

[marcbitcoins]

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 can educate person to save money like most of us here is joined bitcoin because we want to earn to support our financial needs, in this reason alone it already teaching the children an important lesson to save the bitcoin in the proper way like we already teach them that it is unwise to spend our hard earnings in not important things.

[muhammedb]

Well I think bitcoin teach kid on how to save, because I remember a man how use one hundred bitcoin to buy pizza just imaging how much is that if the man save it till now