cybersofts
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January 07, 2018, 06:37:18 PM |
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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 will teach them a lot about how to save money and investing for the future. Me too, i was a big spender but after i got started with bitcoin it changes my entire mindset of spending into becoming a big saver. In fact, a hard-core saver at the moment. My mom was even wondering where did I learned that. My little brother is the natural saver but me, I'm the celebrity because i always used to buy some expensive things but now i'm completely changed person all because of my bitcoin investments. |
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jmiro1
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January 07, 2018, 06:46:31 PM |
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I don't recall a single person who consider Bitcoins as a way of savings. Savings does not include risks of any kind, it doesn't not decrease without your interfere. But Bitcoin includes both of them. All of us see Bitcoin as a way of investment (where we use see it as a currency). So, please don't miss interpret to your little cousins and let them grow with a wrong idea.
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Dannaey
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January 07, 2018, 07:22:21 PM |
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It is advantageous if you teach your kids on how to save money specially at a very young age. They will know how money works and how will they manage their finance so that at an early stage they will learn how to save and invest.
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BitBite5
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January 07, 2018, 07:39:19 PM |
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I think to save money it's something that your parents teach you, not some currency.
If you give the acces to bitcoin to your children they can spend it as well as any other currency. Bitcoin is not only investment and doesn't necessary just be kept so I think it depend on the parents what example are they giving to their children.
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Jembut Ireng
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January 07, 2018, 11:14:11 PM |
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The presence of bitcoin is a very interesting idea, we can train kids for saving and investment, if we introduce banks then we just make children lazy to think while bitcoin makes children more creative.
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mahesagord
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January 08, 2018, 12:36:15 AM |
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In my opinion, most teenagers are entertained with various online games, social media and so on, for me better teach them to teach kids about saving to bitcoin to be accumulated with bitcoin so they can expect their future, at least for that. come to know and learn to save money with bitcoin.
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shaun98
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January 08, 2018, 02:51:57 AM |
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For kids, I think for them to save, you need to encourage them to save up to buy toys they like. Don't buy the toy for them, make them buy it themselves with money they save. Bitcoin is better at teaching adolescents and teenagers how to save in my opinion.
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Wewe Gombel
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January 08, 2018, 03:13:23 AM |
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Bitcoin brings a positive change direction, we can train kids to do 2 things at once that is saving and invest, soon introduce bitcoin in children is a good thing.
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enwi
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January 08, 2018, 06:11:30 AM |
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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
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Amakaamy
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January 08, 2018, 08:00:46 AM |
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I think it's a good thing to use as savings, and children will know the advantage of saving, so that their future can be secured and it will help them a lot not to spend on unnecessary things.
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Ronaldcoin2017
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January 08, 2018, 10:58:33 AM |
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Yes bitcoin is really a big help on teaching kid to save for thee future not only through kids but even thrpugh adult it is really a good way to learn savings because in bitcoin our patience is measured and it is the basic bases of what we earn becaise if we dont have patience in bitcoin we cant earn a huge profit.
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fullhdpixel
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January 08, 2018, 11:19:27 AM |
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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. Actually I think that Bitcoin is a good way for kids to learn saving because of one big reason and that is Bitcoin is not ideal to be use as a currency therefore forcing the kids to hold their Bitcoins. Like stocks and mutual funds they have the same effect but you don't actually expect the kids to create their own accounts you as their guardian must be the one who will open their investing accounts, you can give it as a gift they can use for their future. I know its not your typical gift but it can be good for them in the long run. Yeah bitcoin teaching will be effective for the kids to save money and make profit from it and I am sure bitcoin currency mode will be activated soon and people will use bitcoin as normal currency as many online outlets are now accepting bitcoin payments as well so there will a very bright future scope for the bitcoin and I think every parent will want that his kid must learn bitcoin and to adopt bitcoin as professionally. |
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tonyvo2017
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January 08, 2018, 11:34:02 AM |
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Really teach children how to save very easily, also don't need to use bitcoin as a support tool. I have some advice for you. Give children a small amount of money to spend and spend within a week. Let's spend money comfortably, I believe that after only 3 days, they will spend all the money that you give. That would be the best opportunity for you to teach them, do not give them extra money. Let them starve and they will realize that saving is important.
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poisonivy77
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January 08, 2018, 11:40:58 AM |
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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?
Why do you have to involve the use of bitcoin in teaching the young ones on how to save. I think it is inappropriate to educate them about bitcoin at that very early age.when they're in high school it would be OK . |
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dharnamonitor
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January 08, 2018, 01:08:50 PM |
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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?
Why do you have to involve the use of bitcoin in teaching the young ones on how to save. I think it is inappropriate to educate them about bitcoin at that very early age.when they're in high school it would be OK . Yes hahaha 😂. Bitcoins might be too complicated for them to understand, instead of using bitcoin as a way to save money why not use different methods? Like using a piggy bank or just teach them how to properly use their money, I know it might be hard but if they practice it usually it would become their habit. |
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endut15
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January 08, 2018, 02:39:46 PM |
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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?
Why do you have to involve the use of bitcoin in teaching the young ones on how to save. I think it is inappropriate to educate them about bitcoin at that very early age.when they're in high school it would be OK . Yes hahaha 😂. Bitcoins might be too complicated for them to understand, instead of using bitcoin as a way to save money why not use different methods? Like using a piggy bank or just teach them how to properly use their money, I know it might be hard but if they practice it usually it would become their habit. the excess of the young man is extravagant, so many people do not like it, but it is difficult also to eliminate such things, because it has become a habit from small also sometimes. |
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Harley29
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January 09, 2018, 05:31:29 PM
Last edit: January 10, 2018, 05:35:49 PM by Harley29 |
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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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Crypto Lion
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January 09, 2018, 05:42:37 PM |
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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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knight20
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January 10, 2018, 02:12:55 AM |
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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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Cointertrade
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January 10, 2018, 03:11:29 AM |
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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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