Would bitcoin help teach kids about saving? - page 23.

giarised

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Quote from: falafelnut on November 10, 2017, 07:27:30 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?

It's a great idea! I will do the same with mine cousins)
Thank you Wink

Yeah it is best idea to work on and then you will be making a generation that will knows about bitcoin even in this age. Later on, when in their adult time bitcoin will be leading the international market then they will be the leading traders of the time if they would keep their interest in it. I think in schools, there must be some briefing about bitcoin as it is the future.

Matteo.b

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Yes of course they learn earn and we learn to all appreciate to teach how to earning money with in there future

binting

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Yes they learn to earn and to appreciate money earned income. because in today's difficult no savings ... when that suddenly needs you have sources and not right where I'll debt where

Blitzboy

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Quote from: Pinkris128 on November 13, 2017, 10:51:04 PM

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 think if youre going to teach bitcoin to kids, you will have a hard time because that kind of topic is not for them. Kids always want to have fun and play and they dont have time for that kind of serious thing. Bitcoin is for those people who want to earn their own money to sustain their daily needs.

I agree with you. there is no point teaching kid about bitcoin in this momemt because they are still young. We should let them play and enjoy their good time. The more they know about money, the more deceive they will become. Keep them far away from money and bitcoin is the best idea. Maybe when they grow up, they will know what bitcoin is

severaldetails

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I don't think bitcoin is a good way to teach kids about saving.
The value of bitcoin changes too much every day. It's hard to tell a child why the same thing costs a different amount of bitcoins avery day.
What can be taught with bitcoins are psychology (panic when the price is falling) and things concerning economy.
But I would not say these are things to teach children. It's more something for young adults.

Xzhyte

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Since they are still kids, there are lots of other ways that you can encourage them to save money. I think, it is hard to encourage them by introducing bitcoins because it might be hard for them to understand it. But it all depends on what approach you will give them, make them learn and become rich at a young age.

groundcontrol67

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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 think that it can be a useful tool for sure and more of a way to educate them in passive income than in saving, given bitcoins upward trend it is more of an investment to many than 'saving'

Predator25

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Quote from: Yakamoto on July 08, 2017, 04:41:09 PM

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?

>mining
>making a lot of Bitcoin
oh boy son

If anything, in order to encourage better spending habits, they should have been required to save some money for toys they wanted to buy as a kid instead of buying everything for them. I don't know if this is something that was tried on them but it worked on me growing up. Bitcoin is just another means of wealth and it doesn't really encourage saving that much for most people who maintain their own finances, in whatever way that may be.

I think it is good. But for teaching bitcoin in kids doesnt make any sense. Theyre too young for this kind of business they should playing outside of their home making their childhood memorable.

nesh1

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Yes it would help them but why destroy their childhood with making them save for later they are still children and need o focus on other things like playing outside or games with their friends and not start learning how to trade and save crypto currency.

martina14

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bitcoin will teach kids not just savings but also the kids will see the graph and the movement of it in the market i think most children will have a skill in trading too .. you just need to expose them .

okissabam

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Yes I think teaching them about bitcoin would also be a way of teaching kids how to save because it is for long term. And ita easier to explain to them and make them understand because its a digital currency.

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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 dont think so, saving if one of rge essential that a peraon must apply, you dont have to know bitcoin to start saving, it just that saving here in bitcoin is more substantial than in real life when you save here in bitcoin the chances that you can gain triple from your money is possoble while in real life saving from your pocket doesnt change tge value.

Gaff

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Quote from: Silberman on November 15, 2017, 12:42:20 PM

Quote from: @prashant on November 10, 2017, 08:00:37 AM

It is not about saving , learning about blockchain technology itself is great thing ,as we know it is future as we should encourage kids to learn it.second is that kids can earn money through cryptocurrency by earning it through forum or from doing freelancer.it is always good to enlighten them with bitcoin and altcoin so that they can aware what is going to come in future and they dont regret it not knowing at childhood.

I do not think you should teach your kids about how to earn bitcoin, teach them about saving and teach them about the value of money by paying them a small sum for a small task you want them to do, like mowing your lawn or something, but kids need to be kids and to not worry about adult stuff like earning money too soon or that may hinder their development

Its nice from me, Yes its difficult to teach kids about bitcoin but there are few students or kids that can cope up easily on what we just give to them. I think it is the right thing to do for them to learn on how to save money, learn on suppy and demand. There are to instances that I choose, to say I agree and not because kids needs to be kids, I agree on you, kids uses internet to get money is illegal, But I just want choose Yes too for them to learn something on supply and demand. Thats why I choose YES and NO.

Silberman

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Quote from: @prashant on November 10, 2017, 08:00:37 AM

It is not about saving , learning about blockchain technology itself is great thing ,as we know it is future as we should encourage kids to learn it.second is that kids can earn money through cryptocurrency by earning it through forum or from doing freelancer.it is always good to enlighten them with bitcoin and altcoin so that they can aware what is going to come in future and they dont regret it not knowing at childhood.

I do not think you should teach your kids about how to earn bitcoin, teach them about saving and teach them about the value of money by paying them a small sum for a small task you want them to do, like mowing your lawn or something, but kids need to be kids and to not worry about adult stuff like earning money too soon or that may hinder their development

yonjitsu

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It may be the very good way of teaching them how to save their assets like money and i think not just that. Bitcoin may also help them on who to be patient, how to take risk in a smart way, and of course how to be dependent the moment they know how to earn bitcoins as to trading or any sort of earning chunks of it (BITCOIN).

YinShuiSiYuan

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Nice thinking, but this is kind like doing things in internet i mean it is illegal, big cash so it could lead to "bad" attitiude of getting more and more

Ben100

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Not only kids but to adults also,any kind of trading or investment or any kind of business can teach the habit of saving. Earning a huge money does not make you rich but the smartest way in which u spent it makes you the richest. As I stated earlier that any kind of business in which u put your efforts brings you the habit of saving and not only to children but also to adults also. Bitcoin is a way in which people can mint money smartly and definitely it would bring the habit of saving the money to everyone

Blackhammer321

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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 think so, bitcoin is not literally teaching kids/ us to save money, for me, it is the thing that we should save.
In connection to that, most of adult or the person who knows bitcoin must teach their kids abot it (the bitcoin) for them to have a thing that they can save. Teach them on how to earn, and then it might help to them to stabilize their financial problems.

Harper6

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Quote from: Pinkris128 on November 13, 2017, 10:51:04 PM

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 think if youre going to teach bitcoin to kids, you will have a hard time because that kind of topic is not for them. Kids always want to have fun and play and they dont have time for that kind of serious thing. Bitcoin is for those people who want to earn their own money to sustain their daily needs.

Well I think bitcoin is not only going to teach about saving but also it teach about trade and investment as well so I think it’s very important to teach kids about all these things because I’m sure it will help them in their future be use coming time is very stuff for every one even it’s also very hard to find a job so this saving can help them in their future.

whyrqa

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Quote from: expless on November 14, 2017, 03:07:04 PM

Quote from: Lady Coquet on November 05, 2017, 05:54:12 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?

I think it's a good idea to teach your 2 cousins about saving using bitcoin so they could buy the things that they wanted. They could also earn more money with it and they could help each other when they used bitcoin for their daily lives.

Kids are the future generation of each and every nation and bitcoin is the future of the world so it an appreciable and commendable idea to kids about bitcoin because these kids will become able to compete the upcoming challenges of the new world and definitely they will play a key role in stabilizing the financial status of their nation.

The fact is that I have long noticed that there is an opportunity to make good money with the help of crypto currency and therefore I try to attract my family to this work. Of course, this affects not only the popularity of the crypto currency in general, but also will help stabilize the financial ability of other people. I think that this method should be used by everyone.

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