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 can not teach a kid how to saving with Bitcoin, what I can teach to a kid is what is Bitcoin how to get it and how to use it ... 
Topic: Would bitcoin help teach kids about saving? - page 27. (Read 14139 times)
Unfortunately not, if you see the impact of the credit cards; where the people spends more than if they are using paper money, the facts like the eight decimal digits and the facility of spending will not help about the control of spend. But i think bitcoin can help much about how the currencies works and how the cryptos can be better than paper money.
I have seen some rich parents giving their kids credit cards, then when they grow, these kids become spenders that cannot control themselves and their parents are surprised this happened, but they were the ones at fault by not teaching them the merits of saving, this is why I think it is very important to teach our kids about the value of money and how difficult it is to earn it. 
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?
In my opinion, bitcoin can teach them a lot things. If you give them some bitcoin to start with and you explained them all the necessary knowledge they need in bitcoin and also teach them how to earn bitcoin, I know for sure that they would be smarter with their money. Since they will realized the importance of bitcoin, they will carry that realization in their everyday life. 
Of course!
Bitcoin will help teach kids about saving. If the parents of the children can give proper education about their Bitcoin. Because the kids are small, they can not understand everything and they can lose money. So they have to give them proper education.
Bitcoin will help teach kids about saving. If the parents of the children can give proper education about their Bitcoin. Because the kids are small, they can not understand everything and they can lose money. So they have to give them proper education.
Yes, of course, I think
Bitcoin will help teach children about preservation. Because if kids can learn to save in a small way, then they can grow up to do a lot. Their future will be bright. Therefore, every parent should give proper education to children about Bitcoin. Or they may be in danger.
Bitcoin will help teach children about preservation. Because if kids can learn to save in a small way, then they can grow up to do a lot. Their future will be bright. Therefore, every parent should give proper education to children about Bitcoin. Or they may be in danger.
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.
I Think it will because if they see you can make millions without doing anything and just waiting for your bitcoins to go up then it will probably motivate them to also not give anything out and see for myself.
Bitcoins can ultimately lead to a change of thought among children especially who know that they have a lot of challenges ahead of them and have a complete life that is needed to be sustained well in order to have a bright future. Price of Bitcoin is rising day by day and it is expected to increase more than dollar 10000 in the upcoming year wrong with all these decentralization being illegal economy and many other factors add up to The cost of buying more and more Bitcoins and saving them for future use. 
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.
Bitcoin may not teach about savings directly but perhaps the use of it will. For me, it has taught me how to save because for the first time in my life, I've been earning through bitcoin. It has made my become conscious of my finances and expenses. It has taught me how to save because I am now mindful of the financial decisions that I make. Perhaps in a way, once kids learn about finances through bitcoin, it may teach them a thing or two about saving.
I think it can teach kids how to save money for themselves because their main problem is to get control on their money, which is very hard for them to control on the paper money but if we look to the digital currency than for a kid, getting control on bitcoin is much easier than that of getting control on paper money. Not only kids but bitcoin also can teach adults the best ways of saving money which is a positive sign. I think it depends on the child if he/she willing to learn how to make some saving using this bitcoin. Its helful for the kid and thier future and my son's future too. I'll teach them how to use this bitcoin.
I must say that bitcoin is not that much easy thing to use. It is not at all possible for the child to invest in bitcoin. All they can have is a basic background knowledge about the bitcoin. Bitcoin is no doubt very good thing and it can help in teaching so many good things to all of us but it will not be possible for the children to learn this kind of thing at that too at the very early ages of their lives.
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. 
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?
Good idea and it seems that it will work and can dig out their mindset, which can be avoid waste. Bitcoin that has price movements that continue tend leads to altitude, this can teach them to better save, manage the profits to be gained and the importance of saving. And we know bitcoin can also be used as a savings for the future or as a profitable investment. But from that's all, nonetheless we must still to keep oversee on them.
I think bitcoin will help kids to understand its basic use. But saving money should be taught by parents not a just pushing them to bitcoin which really needs understanding about the market. Moral lesson should be taught first for the kids to help them grow helpfull and bright in the future.
In my opinion, I think Bitcoin would not be necessarily a help to teach kids about saving. We should be practocal regarding this matter. Even without bitcoin, you could teach kids about saving by having several examples and scenarios that will make them realize that saving is important for them. If they will grow old and will know about bitcoin then maybe they will value saving more.
Kids have sharp mind and they can understand bitcoin easily and if bitcoin is started as teaching program this coin will help the kids to understand and think about their future clearly and more of it kids will learn easily and they will clearly make a mindset to join this field and I think that bitcoin will be adopted as professional job and this will lead to the most developed region and help the community in many ways . 
If you're talking about teens like me then it will be a big help before i know bitcoin i'm good for nothing i always spend everytime i got money on my hands. I do not save money for my expenses always buying what i want too even i don't need it but when bitcoin introduced to me it helps me change the way i spend money and it helps me change my mind set now i always save and invest so that i have a money that i can use for my future and i don't just recklessly buy something that i don't need i always think about it now before buying. Bitcoin really is a big helps specially to people like me.
I believe it is a good thing in general to use as savings but I don't know if it will necessarily teach kids about it, i think kids are they dont care about savings, they want to spend lot of money if they have money,they want to buy anything they want so for us as a father/mother we settle our kids.
Like cash it doesn’t really teach kids even some adults about how to properly manage spending. It really depends on the person using bitcoin, it also depends on the people around that person or kinds who will teach and remind them about handling and managing their bitcoin. If we will teach kids about proper way of spending and saving its better to show them how to do it not just by words but also by example.
We do not need money to teach about kids about saving, you could use candy, you could give to them some candy and tell them that if they keep that candy for some days that they are going to receive more candy in return then you explain to them the same happens to money and bitcoin and they are going to be able to grasp the concept immediately and understand the concept of saving.
Well I think bitcoin teach kid on how to save, because I remember a man how use one hundred bitcoin to buy pizza just imaging how much is that if the man save it till now
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 can educate person to save money like most of us here is joined bitcoin because we want to earn to support our financial needs, in this reason alone it already teaching the children an important lesson to save the bitcoin in the proper way like we already teach them that it is unwise to spend our hard earnings in not important things.
Bitcoin can help teach kids about savings, because this is good for them and they must know that savings is most important above all. It helps kids to become wise about savings, they must know that they get benefits from savings, the most important is that they must know how to save, for their brighter future. Because of bitcoin the mind of the kids are develop and their minds is expanding through bitcoin. I think bitcoin is the way of success about savings.
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