Would bitcoin help teach kids about saving? - page 16.

kyasarin1205

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Quote from: Silberman on December 08, 2017, 05:09:13 PM

Quote from: cheann20 on November 30, 2017, 05:19:36 AM

Quote from: syaripudin on July 09, 2017, 12:30:59 AM

Bitcoin can teach children to save. I was wondering if it was not too early to introduce bitcoin to a child. But I feel bitcoin can train patience for children because following bitcoin is a long process. And the results will be very satisfying when we focus on bitcoin

Bitcoin can be a way of saving but not intended for kids. Maybe if they already reach the right age it can be explained to them but not now, there have a right time. If they know the value of money and how hard to earn this money's that came from their parents. In my opinion it is right that we should teach our kids about bitcoins as early.

I agree, kids need to be taught about saving but using bitcoin is a bad idea for that, bitcoin gives you the freedom to buy almost anything anywhere in the world and while that kind of freedom can be liberating for an adult person that is simply too much responsibility for a kid, it is better to teach them with cash and only teach them about bitcoin once they are older.

Bitcoin will be too much for kids to understand and beside shouldn't be the knowledge for saving start within the house and learned from the parents. Children should learn saving fiat money first because, growing up, this kind of money is what they will be used to. Bitcoin is not yet legalized and not all people are open-minded in understanding bitcoin, it might just confused the kids.

ToyotaFortuner

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Quote from: Crapz23 on July 08, 2017, 02:27:48 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?

this is very easy, teach your children to save money, and tell the profits if saving money early and do not use to buy something that is not important, then teach your two children to know bitcoin and start saving in bitcoin and explain how the benefits of saving in bitcoin, then your child will be able to understand and will be a savvy entrepreneur saving and making money, because since childhood in teaching a very profitable financial.

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Quote from: cheann20 on November 30, 2017, 05:19:36 AM

Quote from: syaripudin on July 09, 2017, 12:30:59 AM

Bitcoin can teach children to save. I was wondering if it was not too early to introduce bitcoin to a child. But I feel bitcoin can train patience for children because following bitcoin is a long process. And the results will be very satisfying when we focus on bitcoin

Bitcoin can be a way of saving but not intended for kids. Maybe if they already reach the right age it can be explained to them but not now, there have a right time. If they know the value of money and how hard to earn this money's that came from their parents. In my opinion it is right that we should teach our kids about bitcoins as early.

I agree, kids need to be taught about saving but using bitcoin is a bad idea for that, bitcoin gives you the freedom to buy almost anything anywhere in the world and while that kind of freedom can be liberating for an adult person that is simply too much responsibility for a kid, it is better to teach them with cash and only teach them about bitcoin once they are older.

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Quote from: Biggapp on December 07, 2017, 01:05:04 PM

Quote from: kevpantof on December 07, 2017, 07:37:30 AM

Quote from: Monartis on November 02, 2017, 11:04:22 AM

Teaching children about saving (and wider financial issues) is certainly important. It's part of normal schooling in some parts of the world and formal education of this nature might be rolled out more widely. Bitcoin might feature in that, but presumably only as part of it.

May be in some places children may ave some knowledge about bitcoin. But I think that in majority of places children may not have any such knowledge about bitcoin, because bitcoin is still not so popular and especially the children and even the youngster may not have such knowledge about bitcoin. I think that it will take a lot of time when all the people and even the children will know about bitcoin.

Understanding this concept of bitcoin is not that much easy as most of us actually think of it. It is really very much difficult thing for the kids to understand about bitcoin and that too in such an early age of their lives. There are few other techniques which you can use to make them understand the importance of saving money. Bitcoin can actually teach us about saving of money but once we’ll be mature enough.

Yes. Kids need much time to understand what is Bitcoin.Because they are kids buddy.They have very low understanding capacity then of youngsters.So it may teach how to save to youngsters than kids.

Theb

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Nope. Teaching them Bitcoin won't make them learn saving money as it is not one of the main effects of Bitcoin. Saving can be generally thought by you, on both of your cousins which one of them is doing well in saving, my suggestion is for you to limit the money you give to them strictly giving them just enough space to save. By this technique they will know the importance of money and at the same time maximize the money they already have, making them learn the hard way can be huge for the both of them. The good thing about this is it can lead them to having an interest in investing.

Biggapp

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Quote from: kevpantof on December 07, 2017, 07:37:30 AM

Quote from: Monartis on November 02, 2017, 11:04:22 AM

Teaching children about saving (and wider financial issues) is certainly important. It's part of normal schooling in some parts of the world and formal education of this nature might be rolled out more widely. Bitcoin might feature in that, but presumably only as part of it.

May be in some places children may ave some knowledge about bitcoin. But I think that in majority of places children may not have any such knowledge about bitcoin, because bitcoin is still not so popular and especially the children and even the youngster may not have such knowledge about bitcoin. I think that it will take a lot of time when all the people and even the children will know about bitcoin.

Understanding this concept of bitcoin is not that much easy as most of us actually think of it. It is really very much difficult thing for the kids to understand about bitcoin and that too in such an early age of their lives. There are few other techniques which you can use to make them understand the importance of saving money. Bitcoin can actually teach us about saving of money but once we’ll be mature enough.

kevpantof

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Quote from: Monartis on November 02, 2017, 11:04:22 AM

Teaching children about saving (and wider financial issues) is certainly important. It's part of normal schooling in some parts of the world and formal education of this nature might be rolled out more widely. Bitcoin might feature in that, but presumably only as part of it.

May be in some places children may ave some knowledge about bitcoin. But I think that in majority of places children may not have any such knowledge about bitcoin, because bitcoin is still not so popular and especially the children and even the youngster may not have such knowledge about bitcoin. I think that it will take a lot of time when all the people and even the children will know about bitcoin.

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Quote from: Crapz23 on July 08, 2017, 02:27:48 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 think so. Particularly in the part where we hold bitcoin until we think that it's value is high enough to trade, and to leave some because we still believe it could go beyond. When the kids learn to do that, it is practically considered as saving, for one to hold onto his or her money until a potential investment could be offered for them in the future.

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Quote from: katrimans on December 06, 2017, 12:39:00 AM

Quote from: Silberman on December 03, 2017, 02:08:48 PM

Quote from: rocketbits on November 27, 2017, 09:07:15 AM

Quote from: c0akley on November 22, 2017, 11:39:06 PM

With regards to savings, i don't believe bitcoin can help parents to teach children about cost savings. The reason for this is that, Bitcoin or money does not make a difference if parents implement savings teachings for their kids. It can be the environment that kids had when it is expanding. Keep in mind, Bitcoin will and can by no means speak. It can be those who apply it to how they will use it.

You are pretty okay regarding this. It is really not easy to teach kids about the importance of money and how to save it. They are totally dependent on their parents for expenditures etc. kids are really not in state of understanding the importance of money unless and unless they go through some great financial problems with their parents. Bitcoin will be good to teach teenagers the value of money.

Kids can understand the value of money, if you give them money to buy something to eat at school they immediately understand there are things they can but and things they can buy with that money, they can easily understand the concept of saving especially if you teach to them from an early age the issue is that I do not think bitcoin is the best option to teach kids about those concepts since they learn better with stuff they can see and touch.

Yes, there is no need to put pressure on children about saving money and learning about methods of making money. We should let them enjoy their childhood because if they would discover all these methods on their own, it would be easier for them to understand all this. I see eye to eye with you that they should simply be given the concept of crypto currencies, nothing more than this at all.

Yes, I agree but somehow I disagree. I agree that we should not force kids on saving money or something because we all know that someday they must learn it but I disagree because on the other hand, bitcoin is for the future thats why you can work with it if there is an internet connection. If they will never learn something about this then how they can cope with the people already learn with this? So I guess teaching them step by step will be good, while you learn this already, you can gain money and save this for future.

katrimans

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Quote from: Silberman on December 03, 2017, 02:08:48 PM

Quote from: rocketbits on November 27, 2017, 09:07:15 AM

Quote from: c0akley on November 22, 2017, 11:39:06 PM

With regards to savings, i don't believe bitcoin can help parents to teach children about cost savings. The reason for this is that, Bitcoin or money does not make a difference if parents implement savings teachings for their kids. It can be the environment that kids had when it is expanding. Keep in mind, Bitcoin will and can by no means speak. It can be those who apply it to how they will use it.

You are pretty okay regarding this. It is really not easy to teach kids about the importance of money and how to save it. They are totally dependent on their parents for expenditures etc. kids are really not in state of understanding the importance of money unless and unless they go through some great financial problems with their parents. Bitcoin will be good to teach teenagers the value of money.

Kids can understand the value of money, if you give them money to buy something to eat at school they immediately understand there are things they can but and things they can buy with that money, they can easily understand the concept of saving especially if you teach to them from an early age the issue is that I do not think bitcoin is the best option to teach kids about those concepts since they learn better with stuff they can see and touch.

Yes, there is no need to put pressure on children about saving money and learning about methods of making money. We should let them enjoy their childhood because if they would discover all these methods on their own, it would be easier for them to understand all this. I see eye to eye with you that they should simply be given the concept of crypto currencies, nothing more than this at all.

Bitcotalk

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Quote from: chromosomes on November 30, 2017, 11:20:07 AM

Quote from: Crapz23 on July 08, 2017, 02:27:48 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 think you don't really need to use bitcoin to teach them about saving. Use practical things that can be observed in their surroundings so they can easily adapt it in their living. If they will be introduced to bitcoin at a young age, there is a possi ility that they won't take it seriously; besides, not all people are using it now so they may be confused at what is bitcoin all about.

Haha, I don’t understand why people are really after kids to teach them about savings. Kids should be given free time to enjoy their childhood and make some good memories out of it. Bitcoin is the latest technology and it is even difficult for many teenagers to understand bitcoin, how can we expect little children to understand bitcoin. Bitcoin is good to teach them when they are in their teenage.

greeklogos

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Every generation of kids born more and more spenders and all our culture, economic, medicine, producing and politic makes it's effect on it. Education for children stopped to be strong and they become more relaxed with years. I also have two nephews and I don't teach them about saving, they are too young (7 and 2), but the older one started already to keep her Tooth fairy's presents Cheesy

Anyway, I am trying to be strong with them, I tech them that money is not so easy came to adult's wallet and we can't buy all those things that they want.

keyscore44

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In future it will be one of the most use currency in the world so kids shold know nowadays how to use it and what bitcoin is exactly so just educate them as fast as you can.

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"Would bitcoin help teach kids about saving?"

No, kids are stupid.

And bitcoin is apparently not even teaching most adults about saving, much less kids.

Silberman

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Quote from: rocketbits on November 27, 2017, 09:07:15 AM

Quote from: c0akley on November 22, 2017, 11:39:06 PM

With regards to savings, i don't believe bitcoin can help parents to teach children about cost savings. The reason for this is that, Bitcoin or money does not make a difference if parents implement savings teachings for their kids. It can be the environment that kids had when it is expanding. Keep in mind, Bitcoin will and can by no means speak. It can be those who apply it to how they will use it.

You are pretty okay regarding this. It is really not easy to teach kids about the importance of money and how to save it. They are totally dependent on their parents for expenditures etc. kids are really not in state of understanding the importance of money unless and unless they go through some great financial problems with their parents. Bitcoin will be good to teach teenagers the value of money.

Kids can understand the value of money, if you give them money to buy something to eat at school they immediately understand there are things they cannot buy and things they can buy with that money, they can easily understand the concept of saving especially if you teach to them from an early age the issue is that I do not think bitcoin is the best option to teach kids about those concepts since they learn better with stuff they can see and touch.

nagatraju

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I don't think that it is necessary for children...it is probably necessary to teach them the basics of cryptocurrency and the treatment with it at school age, but no more than

sheryl26

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Quote from: Crapz23 on July 08, 2017, 02:27:48 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 think no, they are just a kid and maybe they cannot understand yet the bitcoins and some kids need a proper discipline and not an inpiration and besides even those elders cannot even understand bitcoins they always think that this is a threat in their country in their people but its not bitcoins are just an independent currency government has nothing to do with. But for me this is the right time to open up bitcoins to the children to become their inspiration and maybe some of them will save and some of them will not at least they will learn from it.

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Quote from: bs9 on November 02, 2017, 03:26:14 PM

Quote from: Crapz23 on July 08, 2017, 02:27:48 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 if they can take good estimate aboout bitcoin ,then can change her lige and support her family.So donot waste time try to improve their knowledge and saving bitcoin or other alcoin

That is right I do not think that bitcoin teaching can be helpful for children for saving bitcoin, In fact they do not have such an easy access to bitcoin, as they can get only fiat from their parents but they will never give bitcoin to them for shopping for buying something. Or as pocket money, because there is no such common use of bitcoin in our local area and I think that it will take a lot of time when all the people of the world will start using bitcoin.

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Quote from: Crapz23 on July 08, 2017, 02:27:48 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 think bitcoin teaches kids to keep holding on what they have such as money, until one day it would becomes really or more valuable to them. The same with bitcoin being volatile, so there's a chance for it's value to grow. The same with kids' toys, whereby they need to take care of it, so that one day they can either sell it for being vintage.

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Quote from: Crapz23 on July 08, 2017, 02:27:48 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 guess so. Not only the other cousin would learn how to save but also learn how to work hard. Being engaged in bitcoin means they must have a good time management and enough knowledge.

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