Would bitcoin help teach kids about saving? - page 26.

w33man

full member

Activity: 462

Merit: 100

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?

Maybe in some aspect, yes. When we have bitcoin most of us choose to keep it because we believe that in time it's value will be high. That's what it teaches kids. To keep their money until they have something important to do with it.

falafelnut

jr. member

Activity: 44

Merit: 10

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?

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

Bobmarley2000

newbie

Activity: 30

Merit: 0

Yes it would because if children start at a young age they will be able to pay their college feeses with the money they made from bitcoin they can easily pay a car when they are done with college because they had money saved form bitcoin.

z38630610

legendary

Activity: 1050

Merit: 1000

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?

It may be helpful for your cousins. But you should try not only bitcoin saving but also pocket money. It will be really good for them. Maybe they will get their lifes with bitcoin in the future.

I think bitcoin should be teached in schools too. It may also be helpful for children.

Thaliron

member

Activity: 87

Merit: 10

Yes it surely would teach them that saving is a great option. They will know that if they save they can get better things. In this case with bitcoin its the money. So they get more money.

This will help them to save things further things in their life so they will have a better chance to get rich.

romecheo

full member

Activity: 476

Merit: 101

Teach them how to enjoy mining, specially the one who spend excessively, if your cousin begin to have an idea on how to earn at mining, for sure, they will take their time and effort to learn.

Not only by mining, how about earning some crypto currencies while playing games.

CooIBeans

brand new

Activity: 0

Merit: 0

Kids ought to first learn about conserving and then on bitcoins.

Singlet0ne

newbie

Activity: 4

Merit: 0

I believe how they can have confidence in bitcoin. of course they're a spender is not easy to set them directly into the realm of bitcoin but if you clarify in detail about the benefits of keeping bitcoin in the long run and the results are really acceptable I think they will be much more interested without considering to fear to plunge into the world of bitcoin

Singwala

sr. member

Activity: 462

Merit: 260

Bitcoins are a currency and when you simply accumulate it increases its value. Just like fiat money increases the amount when it accrues. So if in this way a kid learns that this practice will improve it for Him. So if you use bitcoins. You can also apply it to Him. Because it's a good habit that a child needs to learn and to carry until he has a family

shunga

member

Activity: 136

Merit: 10

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?

actually we dont have to teach them to use bitcoin to save, their is so many different ways to save. We know using bitcoin is so many ways to do before going to the finals stages. Kids must teach to study before anything else to dont make any distraction. Maybe we can teach them at the right time or right age because if they are in the right age we can easily to them to use bitcoin to save because they have already a knowledge. so we must wait them to become big that have a good mind set.

shezu007

full member

Activity: 336

Merit: 121

Quote from: Domenc on November 09, 2017, 11:40:44 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?

Not for kids but for youth . Working with bitcoin can be a bit difficult for kids as they don't know a think about bitcoin , market and all the economical strategies related to it . But for youth it can turn out to be a very good way for learning to save . They will save and they wills see the importance of saving as their saved money grows . This can really make them mature and will help them to grow mentally and in work field.

according to my opinion it depend on the mentality level of a person if a kids have strong enough knowledge about crypt and bitcoins then i think it is better for them but mostly bitcoin worker are youth and young who are working with bitcoin because it is not easy task that all kids will worked with bitcoin.

Domenc

sr. member

Activity: 434

Merit: 250

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?

Not for kids but for youth . Working with bitcoin can be a bit difficult for kids as they don't know a think about bitcoin , market and all the economical strategies related to it . But for youth it can turn out to be a very good way for learning to save . They will save and they wills see the importance of saving as their saved money grows . This can really make them mature and will help them to grow mentally and in work field.

Fulmand

sr. member

Activity: 568

Merit: 250

Quote from: Whitly on November 09, 2017, 07:42:27 AM

If create an game-project where while playing kids will learning how to save and what is bitcoin....but let's be realistic noone care about such thinhs.

Yes of course bitcoin can help teach kids about savings because this must be a good for them and knows how is savings is most important to each one of us. It teaches the kids to be wise about savings and knows how benefits that it gets to, support for theie financial needs.

Whitly

sr. member

Activity: 668

Merit: 255

If create an game-project where while playing kids will learning how to save and what is bitcoin....but let's be realistic noone care about such thinhs.

IndependentMelvin

newbie

Activity: 4

Merit: 0

bitcoin does not teach children so that you can conserving. many things could be taught to them so they can conserve at an early age. such as just providing some cash to your kid and also the rest you suggest to conserving. bitcoin won'tducate a young child for this. bitcoin teaches children to trade e

Kadal Ijo

full member

Activity: 1162

Merit: 106

the presence of bitcoin to be very good news for us all including being a way to train children want to save. if we train saving with real money of course they only know the amount and no increase, but with bitcoin then the value will continue to rise.

BurhanPSG

full member

Activity: 322

Merit: 100

I agree with your opinion, you better explain well what is the negative and positive impact of saving money in form of bitcoin. Because it is very unfortunate if we already have assets BTC or ALTCOIN only in use for things that are not useful.

heraldlazaro25

member

Activity: 134

Merit: 10

ODEM.IO - UNLOCKING HIGHER EDUCATION

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?

It is a good idea to teach bitcoin to kids but it depends to the kid what he/she will do with his/her knowledge about bitcoin. Maybe some of them will learn how to save and invest and some of them will just ignore and forget what they know about bitcoin. Remember, they are still kids and all they think and know is to play and be happy with their lives.

Getcoinsite

sr. member

Activity: 714

Merit: 260

Dont give bitcoin a burden to teach the kids about saving,its a parental obligation or guardians.the kids learn how to be spender or saver on how the people that he came along treated money,and how they teaches them the value of working and earning.by then they would bring it as they grows older

paul00

sr. member

Activity: 854

Merit: 257

I guess bitcoin will help to teach kids on investment matters because for me bitcoin more of an investment since what we mostly is trade and have it placed on some earning activities such as mining. Yes it is saving but in bitcoin we earn if we leave our coins to stay longer on our account and wait for the right bitcoin value when we have it withdrawed. However, even if this can teach investment or savings to kids, I still don’t see it to be good for them since they should still enjoy their youth while they are at it and not be on the thinking of earning and making money especially when they are not obliged to.

Topic: Would bitcoin help teach kids about saving? - page 26. (Read 14183 times)