Would bitcoin help teach kids about saving? - page 11.

dharnamonitor

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Quote from: poisonivy77 on January 08, 2018, 07:40:58 AM

Quote from: Crapz23 on July 08, 2017, 03:27:48 PM

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.

poisonivy77

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Quote from: Crapz23 on July 08, 2017, 03:27:48 PM

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 .

tonyvo2017

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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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Quote from: Harlot on January 06, 2018, 11:15:18 AM

Quote from: ricardobs on January 03, 2018, 02:12:49 AM

Quote from: Andrianla on January 02, 2018, 05:31:58 AM

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.

Ronaldcoin2017

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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.

Amakaamy

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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.

enwi

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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

Wewe Gombel

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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.

shaun98

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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.

mahesagord

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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.

Jembut Ireng

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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.

BitBite5

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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.

Dannaey

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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.

jmiro1

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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.

cybersofts

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Quote from: Crapz23 on July 08, 2017, 03:27:48 PM

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.

gg20222

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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 .

monkeykiss21

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Why not.. About their age they should know about to save money and keep it for the best future. I think they could be learn an easy to teach them how to save money as earlier at their age. Bitcoin and adults will invest but kids not to learn bitcoin easily but much better to learn how to save money.

petramat

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bitcoin teaches us to hold money for a long time so just think of saving and someday we'll harvest, if we're having a hard time let alone run out of money it's not fun, but I think just teach your cousin about the goodness of saving do not stick with bitcoin .

DaftAjax

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Quote from: keyscore44 on January 06, 2018, 04:21:03 PM

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.

Well you have a point mate. Since in this community, you will be able to learn so many things not just about cryptocurrency but also on how to control them wisely and efficiently as much as possible. You don't want to regret your decision on not holding or converting some amount that you have. Or you don't also want to invest in something that is not promising.

That's why we have this different topics of this forum to discuss and to share our ideas and experiences.

koyo12

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Quote from: Crapz23 on July 08, 2017, 03:27:48 PM

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 that's a good idea.There are so many ways to teach them how to save, we don't have to expose them in bitcoin.

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