Topic: Would bitcoin help teach kids about saving? - page 30. (Read 14183 times)
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 could be used to teach children to save, but it will not be effective because it all depends on the understanding of the child about the worth of money and difficulty to get money.
I don’t think so that it will be that much easy for the children to learn such kind of things by using bitcoins in their lives and that too at such an early ages of their lives. We can use different kind of ways to teach our children the importance of saving money. Saving is no doubt a very good thing and we actually need to develop this habit of saving amongst the children for their better tomorrow.
You can't even "use" bitcoin these days because no one is accepting it. You can do a full-on research on finding an online seller on your place that accepts bitcoin and you'd end up finding a couple ones. People are still busy living the traditional way of life and bitcoin seems to be too far advanced for a lot of people. Back then, we never really had bitcoins. We don't even had an Internet back then but we all successfully learned how to save money and the importance of doing so. You don't have to force your kids to learn bitcoin just so they can learn about saving. Bitcoin is money and thus it helps teach kids about saving but there is an easy way which is by teaching them how to save using fiat money instead. Fiat money is such a common thing and your kids probably already know about it.
I think bitcoin can teach kids about savings because at the early stage they will know what is the worth or value of money because they work for it but still parents should guide their kids also.
But does it have to be bitcoin, though? It can simply be fiat money. Let them work for it but not so much. Just little things that are actually already their task like taking out the clothes from the washing machine or washing the dishes or folding their clothes.
I think it could be used to teach children to save, but it will not be effective because it all depends on the understanding of the child about the worth of money and difficulty to get money.
I don’t think so that it will be that much easy for the children to learn such kind of things by using bitcoins in their lives and that too at such an early ages of their lives. We can use different kind of ways to teach our children the importance of saving money. Saving is no doubt a very good thing and we actually need to develop this habit of saving amongst the children for their better tomorrow.
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 i think it is not the right time to teach them to save because their are all a kid that they don't have to know how to manage money at a young ages all they need to do is to enjoy being a kids. study first before we teach them on how to handle a money because the knowledge they have is not enough to do it. So we better not to teach them at the young age.
That depends in your cousins if they know that spending to much is bad then they will be fine cause bitcoin and altcoins are only a currency that is used to send payments. Users can do whatever they like into it but if you teach them that saving crypto currencies or altcoin will make them rich then they will probably save it. Just teach them the importance of saving especially in the world of crypto currency.
Kids learn from their elders, how they are saving and investing and the best place for their learning is bitcoin world. I mean if I invest in bitcoin and tell my son that I have bought some digital currency which is not only a digital coin business but also like a regular currency. I can use my bitcoin anywhere in the world for purchasing anything. My kid will definitely take keen interest in bitcoin and to invest in bitcoin he will try to save money.
i think bitcoin can teach kids to saving their bitcoin in their wallet because once they are doing something in bitcoin, we can teach them to not use to spend that bitcoin and only save it for their future. I think our children can understand if we can explain to them and they can save more bitcoin while they are doing their activity in bitcoin. fortunately, if they are playing some faucet without thinking about how much the rewards, in the end they can collect some amount and and if they want to sell, they can directly sell to the exchanges.
According to me this is the best idea I have ever seen because one day these kids will grow and then they will face different type of time so when they face bitcoin than they will also have knowledge from their past so they will get a good step in life and also the value of bitcoin will increases in future through these kids.
I think bitcoin can teach kids about savings because at the early stage they will know what is the worth or value of money because they work for it but still parents should guide their kids also.
I think it could be used to teach children to save, but it will not be effective because it all depends on the understanding of the child about the worth of money and difficulty to get money.
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?
Honestly, it's difficult to explain bitcoin to kids. Even adults find bitcoin a little complicated to understand, what more if you will explain or teach kids about it. It's better for them to learn the importance and the value of money. They should learn it in a simple way.
for me bitcoin is a good example for kids because of their low age who knows how to accumulate their own money and work online so bitcoin is a good example for them not only they can get the money they are also getting to learn and because bitcoin learns They spend money so long as they grow old they can accumulate money for bitcoin ...
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 is not the appropriate way in teaching saving to kids. So i would rather advice you that you must teach your child with proper values and savings orally and let them appreciate the value of savings by means of your thoughts. We shouldn't teach them in a complicated way but rather teach them in a simple way but outcome based. 
Yes i think Bitcoin can help teach kids about saving, the reason why i answered yes is because the only thing kid can do with Bitcoin is to save only, kids has pure mind so they doesn't gamble yet unless they are already expose in gambling. they cant do trading because they should focus in studying and not wasting time looking for a coin to buy or waiting for the proper time to sell the coin. If the kid is pure minded and really wants a good future they can buy Bitcoin and hold it until they grow up or need cash that is the time they can sell their Bitcoin.
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.
Yes because they can save for their future this way and i think it can help them a lot in their future if their lives go wrong but i would not recommend learning them to spend but just learning them to save this way they can not spend their bitcoins on games and stuff.
This can become a fairytale for them, considering that bitcoin is not fiat. how old are you neeses, i mean if they are around, let say 12-16 years old then they will learn from this that there are ways to get money for more spending. The safest way to teach them about spending is thru project, like buying a bike after a saving period or stuff like that, is more efficient.
That depends in your cousins if they know that spending to much is bad then they will be fine cause bitcoin and altcoins are only a currency that is used to send payments. Users can do whatever they like into it but if you teach them that saving crypto currencies or altcoin will make them rich then they will probably save it. Just teach them the importance of saving especially in the world of crypto currency.
It depends on the behavior of a child because there are some children who are already matured enough to understand even in their young age, but there are also some that their maturity is the same level as their age.
Well I think Bitcoin won't be a big help for a kid to learn to save money. Bitcoin is not a factor. A factor to kid's saving money is his control to the money. He should be wise enough on how to use the money properly. Use it for good purposes not on luxuries or desires.
I think that bitcoin would help kids about saving. They should know at early age that saving is necessary in one's life. It is an assurance and a platform to preparation. Through bitcoin they will be guided to earn and to save at the same time. They would have big hope for their future.
Well on my own point of view this would help kids saving since if they just let bitcoin set in their wallet thete are a lot of chances it will gets higher since inflation do exist which has more increasing than decreasing its value. It would be of great help for them to know the value if how saving do applies.
There are two distinctive routes in which I will clarify some of them. In the event that we begin learning about bitcoin in junior classes at that point children will figure out how to spare cash. In the event that we begin showing bitcoin in optional classes then young person will figure out how to spare cash for future. As indicated by these two ways we have to constrain our learning framework that they have to show us these things.
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