Topic: Would bitcoin help teach kids about saving? - page 4. (Read 14183 times)
Bitcoin can be a good way to help kids in saving money. If adult teach kids on how to save and how they can earn it. But teach them about saving when they are matured enough.
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?
Yeah it can really help to teach kids from saving but when they are not matured enough dont try to teach them because at their stage they dont have any involvement of this as for assurance.This is the best option for parents taking care off and if time comes when they got matured thats the thing that they expalined their children. 
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?
For some reasons, maybe it would. Bitcoin does not only teach people to earn money but also to save it for further more important purposes too. If our children will get to know bitcoin as early as they can, they would totally have an advantage over the things they may do in the future with their bitcoin and their knowledge about it. We should not let our children have a mindset as a one day millionaire because it would only lead them to brokenness.
the opinion is divided, when something concerns the children we are very critical, bitcoin is like a brick lying next to the construction site, and so you bring the children and without explanation forgive me to tell how the house is built with the help of this "brick". They do not know? Maybe a little beyond in schools and institutes will introduce a bitcoin or something else. In the meantime, it's dangerous.
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?
Bitcoin is good way to save money it is a good example to save money through digital currency. we cannot assure of kids that they are saving money for thier future because they are too young about that thing, but good idea for that is to teach them what is bitcoin all about and cryptocoin to give them a background and the way to save money into digital currency.
I don't recommend bitcoin to teach children. Firstly it is very difficult. Most of the members of the bitcoin community do not understand the bitcoin economy.
If I think it is including the most powerful way to make the fate of children in the future better because saving from childhood can provide a high motivation for them to continue to preserve the habit until whenever.
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?
NO it's not, Teaching for bitcoin is only for adult, the KIDS must be focus their basic learning for ACADEMIC it's not time to apply BITCOIN learning while studying, because if they are aware and experienced what the good benefits from bitcoin I'm sure this is the start for struggle always destructing for learning. So, Bitcoin is not yet applicable for KIDS.
Yes you're right we should not let our kids to stress themselves. Kids are kids they should enjoy every moment of their lives while they're still young. The right time should come wherein they will learn saving and the importance of having it, but for now let's help them norture every moment to build a strong foundation.
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?
NO it's not, Teaching for bitcoin is only for adult, the KIDS must be focus their basic learning for ACADEMIC it's not time to apply BITCOIN learning while studying, because if they are aware and experienced what the good benefits from bitcoin I'm sure this is the start for struggle always destructing for learning. So, Bitcoin is not yet applicable for KIDS.
Of course it could help them, but remember to just show them crypto like saving, not risky investing or putting money in unknown coins cause they could invest when you won't be online and they could just lost everything that you have earned.
I think we can teach children about savings in ways more appropriate and more practical, simple things that will bring high efficiency, Bitcoin is too complex, they will not be able to understand clearly about it, and understanding of savings will be harder. Bitcoin is only suitable for people who have grown up and have certain knowledge, children should not learn bitcoin, the world of bitcoin is so much dangerous and risky, you will not want to see a young generation go the wrong way and ruin the future. 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?
Bitcoin is one of the savings techniques you can teach them but mining is a way of earnings and the income could be used as savings. I would say that whatever be the earning they must understand the merits of savings, then only they could save any currency whether it is digital currency like Bitcoin or a paper currency.
Bitcoin can help teach students about saving money because bitcoin is a currency then it is about money. Bitcoin users already have a knowledge about the world of currency and they can manage and know how to manage their money and the money they earn because of the help of bitcoin. Kids are really young and it is very good to teach these kids at their young age on how to manage their money so at their future it is easy to them to manage their maney by financial needs and expenses. They can join now a forum about bitcoin so they can be aware what bitcoin is and also they will earn money that has a great help in their study.
Of course it could help them, but remember to just show them crypto like saving, not risky investing or putting money in unknown coins cause they could invest when you won't be online and they could just lost everything that you have earned.
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?
Well I don't think that it could be a good way to introduced bitcoin just to make children saved. It is about discipline specially when taking care of your childrens attitudes. Maybe you can involve them later if they grow up.
This is a great way to motivate a child to put their money away. The biggest step is actually putting the money into the savings instead of spending it. you can hurdle that by promising to match their cash, or by adding a certain percentage. Older kids will understand right away that this is a good deal. younger kids will be given an opportunity to hear about the principles of investing or of compound interest for the first time. by teaching your kids at an early age, you'll be equipping them with lessons they can use their whole lives, these steps can lead to habits that they'll be thankful to have when they're older.
I think that bitcoin can teach kids how to waste their money only 
If you are good parent you should understand that you job is to explain what is good and what is bad.
If you are good parent you should understand that you job is to explain what is good and what is bad.
Maybe at some point it can help kids understand a thing or two about saving and earning. It may work for some and not for others.
But the idea and thought and even the effort of teaching them is good enough, it's a process. Learning as some would say is a
continuous process in life. The best thing to teach your kids more importantly is the value of money, maybe from there you can
branch out about saving with bitcoins as an angle. It's never too dull or late to try whats beneficial for your child, values and lessons
that would help for a better upbringing is an admirable parental labor.
But the idea and thought and even the effort of teaching them is good enough, it's a process. Learning as some would say is a
continuous process in life. The best thing to teach your kids more importantly is the value of money, maybe from there you can
branch out about saving with bitcoins as an angle. It's never too dull or late to try whats beneficial for your child, values and lessons
that would help for a better upbringing is an admirable parental labor.
Saving is setting aside wealth for the future not for today's waste.
You know BTC is addictive. So if you direct your cousin in BTC, then this is no longer about saving money. It will lead to trading. Even the benefits that can be generated from storing BTC this briefly will make your cousin increasingly wasteful of money.
BTC is not the best solution to teach how to save money.
You know BTC is addictive. So if you direct your cousin in BTC, then this is no longer about saving money. It will lead to trading. Even the benefits that can be generated from storing BTC this briefly will make your cousin increasingly wasteful of money.
BTC is not the best solution to teach how to save money.
kids is a kid's,just they know is to play...i think it's not time to teach how to save...there's a time for them to teach how to saving....don't think bitcoin would be the best way to teach kids about saving, because there's not a lot of opportunity for a kid to spend the bitcoin they've acquired...when you can't spend it you must save 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?
Maybe it can teach kids to save, like me, I don't really do save that much, I spend all my money when the time it touches my hands, but when I received my own bitcoin and finds out that it can increase it value when you wait for the conversion to rise up, I hold it as long as I can to reach my target value. It teaches me to wait and save.
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