Topic: Would bitcoin help teach kids about saving? - page 40. (Read 14183 times)
You can teach them about saving without using bitcoin. Saving is so important to teach now to young people because we need to save money for the future so for individual we need to save small amount every week or every monthly.
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?
When it comes to teaching kids it is better to keep things simple so if you need to try to explain them about decentralization, the blockchain, inflation, market cap, and things with that they are going to get confused, it is better to use some bills and teach them about saving that way.
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, i think it's a good idea to teach them about saving, but you should search for a better way to explain in to your cousin so they can understand. That cousin of yours will be delighted to get something that can increase in value if they don't spend. 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 would, but it's easier to teach kids to save if you will use simpler ways because kids have a small span of focus time. And, kids might not even be interested in bitcoin since bitcoin is to complex. It would be great if they will learn it through games or simply by giving them a piggy bank. It's good to teach kids to save while they are young because it would help them in 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?
Do you mean investing in bitcoin is a form of saving money. You invest a small amount of money and wait for the profits to sell or raise daily bitcoins to save money. Young people have many ways to make money depending on their strengths and abilities. 
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, i think so. Bitcoin can teach kids about saving but still with the guidance of elders.And they must learn first how bitcoin works, they must understand it first, then teach them to make a wise decision where and when is the right time to spend and to save.
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! it would help them for sure. If you can get them interested in bitcoin after explaining all you know about it to them and they start earning bitcoin for themselves, I'm sure sooner or later they will know how to save. I can say this for sure because if they will be earning bitcoin for themselves, they will know when to withdraw or convert it to local currency properly, they will know when is the appropriate time to do so to take full advantage of the bitcoin that they 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?
I think its a good idea if you are going to show to them on what can be the result of saving and not saving their money that they get. But using a bitcoin as an example i think there would become a problem on it because you need to explain more to them what bitcoin is so that they will understand what you want to say to them. 
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?
When it comes to teaching kids it is better to keep things simple so if you need to try to explain them about decentralization, the blockchain, inflation, market cap, and things with that they are going to get confused, it is better to use some bills and teach them about saving that way.He should simply say to them “I have something for you guys, and it’s bitcoin. You leave your money in it and it grows big” that way,the children will be more excited to check it out. If they ask him what is Bitcoin, he should simply say to them it’s a kind of currency that is different from the one we use. Simple and Short in a way they can understand.
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?
When it comes to teaching kids it is better to keep things simple so if you need to try to explain them about decentralization, the blockchain, inflation, market cap, and things with that they are going to get confused, it is better to use some bills and teach them about saving that way.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. It would be better to show them the technology for saving and earning. It will help them depending in how you deliver the idea to them. It would be very beneficial to them and also make them to realize the real world. But not too much, it may cause them to be overdependent with that and also lose focus on their studies, just teach them with limitation and balance 
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?
When it comes to teaching kids it is better to keep things simple so if you need to try to explain them about decentralization, the blockchain, inflation, market cap, and things with that they are going to get confused, it is better to use some bills and teach them about saving that way.
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 maybe helpful in terms of saving if they would know the benefit of holding or saving bitcoin for a long period of time because as soon as you save bitcoin, a large feedback will come because bitcoin's price is continuously rising providing more opportunities to have a large count of money. So if you tell them that saving with the use of bitcoin will help them to gain more money than the usual, they will surely realize that saving is a great thing to do.
I don't think it can teach kids about saving...kids are more interested in playing I don't think they could understand bitcoin as early as now..we can itroduce it to them later when they are teenagers
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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?
When it comes to teaching kids it is better to keep things simple so if you need to try to explain them about decentralization, the blockchain, inflation, market cap, and things with that they are going to get confused, it is better to use some bills and teach them about saving that way.but at least they can saving bitcoin if we create one wallet for them so we can teach more about bitcoin and we can hope that when they are grow, they can ready to used bitcoin. beside that, if we help them to save from now, then when they are grow up, i am sure that the bitcoin price will be increase than now so they can have bitcoin already to spend or to withdraw to cash.
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?
When it comes to teaching kids it is better to keep things simple so if you need to try to explain them about decentralization, the blockchain, inflation, market cap, and things with that they are going to get confused, it is better to use some bills and teach them about saving that way.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 yes. Because if they will know that if they save or hold their earning on bitcoin they will have greater opportunity to earn more because bitcoin's price is continuously rising as time passes by. They just need patience to wait for that moment. And also, earning bitcoin is not that instant as wha they are thinking so they will think to save it for the best.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 yes. Because if they will know that if they save or hold their earning on bitcoin they will have greater opportunity to earn more because bitcoin's price is continuously rising as time passes by. They just need patience to wait for that moment. And also, earning bitcoin is not that instant as wha they are thinking so they will think to save it for the best. 
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?
When it comes to teaching kids it is better to keep things simple so if you need to try to explain them about decentralization, the blockchain, inflation, market cap, and things with that they are going to get confused, it is better to use some bills and teach them about saving that way.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?
When it comes to teaching kids it is better to keep things simple so if you need to try to explain them about decentralization, the blockchain, inflation, market cap, and things with that they are going to get confused, it is better to use some bills and teach them about saving that way.Jump to: