How age is your 2 cousins? Because we know as of now they don't know how to save money. But if it's teenager they have possibility to convince them to save their money because they are older and have experience because their age is going old.
They have kids or teenager can earn a lot of profit because they invested bitcoin with the young age so they harvest good profit.
Topic: Would bitcoin help teach kids about saving? - page 5. (Read 14201 times)
There is nothing wrong with teaching children to save in bitcoin. It is much reasonable compared on the other stuffs where they spend their money. In bitcoin we can teach them the principle of saving and using it on the right time and the implications when you used up all your saving without hesitation. This will serve as a medium for them how to control spending for the right thing and spend only if its necessary.
As a father, I want to teach my children what is money and how to use it wisely. My father taught me to be responsible, to save money, to avoid debt as much as possible, and his education was good for me. Now I'd like to teach my children the truth, but in a mainstream financial advisers are pointing in opposite directions, encourage reckless lending and it does have some difficult times to seek government assistance. Let's move on to bitcoin. Teach our children about the currency of knowledge can provide valuable lessons about money management, this will make them as adults can successfully manage their own money to help them avoid the current global economic problem in us.
No because kids spend all of there income because they realize that he/she can use bitcoin to make an easy money... So that bitcoin cannot teach the kids to save there income...
It must be admitted that the presence of bitcoin makes us practice for saving and investing, it is never found in financial products that exist in banks, with saving in bitcoin then automatically we invest and this is a good thing for children.
Really? Investing a bunch of money in Bitcoin, which could be up or down 25% in a single day easily, teaches people about saving money better than a savings account at a bank, where he money they put in is substantially likely to remain at a stable value for years? That's ridiculous! Bitcoin doesn't teach people about saving; Bitcoin teaches people about gambling. The act of saving is delaying consumption for future benefit. The act of buyin Bitcoin is guessing that the money you used might be worth more in the future, but has an equal chance of being worth far less. That shouldn't be confused with saving at all.
No. Because as they earn money in bitcoin they might spend it on what they want because of the high value of bitcoin. But it depends on how their parents raise the children if they teached the kid to save up money for the future.
Yeah, I do agree with you. Bitcoin can't teach kids to save money, but rather it can make those kids spend more on useless things because they knew how high the value of bitcoin is. It is our responsibility as parents to teach our kids to save money and let's not rely on bitcoin. And as for me, I will not introduce bitcoin to my son at a very young age because bitcoin is too complicated for kids to understand.
It is possible to teach kids to save money but i can say that once a person earn money or hold money theres a possibility that he/she can use it to buy it online.Its hard for them to save because maybe they have a thinking that they will earn again on the next time.Saving money needs discipline.
Young people yes but kids NO. I don't think it is a good way to teach kids about saving at their early age. Let them enjoy the moments of being a child, because it cannot be repeated. It is only a one chance, so that they have to treasure every bits of their life as a child. If they gone 15 or 16, well that is the best time to teach our kids about saving.
Completely agree to this. I look at the kids today and most of them are already spending their time on computer games and smartphones. They do not have the time to play outside with their friends. Now teaching them about bitcoins and money is kind of an extra burden. Childhood is not meant for learning these things. Also, I strongly believe that finance is something that a person learns by interest. This is why some of your friends will never show any interest in bitcoins even if you keep forcing them to do so.
I think kids should start off with learning about the traditional investments e.g. stocks and bonds and money market
Yes, its approach is very effective
I myself was unable to save much money a few years back. Then I studied crypto and it turned out that Hold/Patience is the key to big save
I myself was unable to save much money a few years back. Then I studied crypto and it turned out that Hold/Patience is the key to big save
I think yes if parents in courage their children and tell to them that bitcoin is very nice in saving money and in the future bitcoin will be having a high rate I am sure kids will be interested on that .
It must be admitted that the presence of bitcoin makes us practice for saving and investing, it is never found in financial products that exist in banks, with saving in bitcoin then automatically we invest and this is a good thing for children.
No. Because as they earn money in bitcoin they might spend it on what they want because of the high value of bitcoin. But it depends on how their parents raise the children if they teached the kid to save up money for the future.
Yeah, I do agree with you. Bitcoin can't teach kids to save money, but rather it can make those kids spend more on useless things because they knew how high the value of bitcoin is. It is our responsibility as parents to teach our kids to save money and let's not rely on bitcoin. And as for me, I will not introduce bitcoin to my son at a very young age because bitcoin is too complicated for kids to understand.
when they are early in the world of bitcoin it will help them a lot but let should understand them all and let them see by your experience in btc how they can earn double with their savings so they amazed on it and try to invest rather than to save so definitely teach them if they want.
No. Because as they earn money in bitcoin they might spend it on what they want because of the high value of bitcoin. But it depends on how their parents raise the children if they teached the kid to save up money for the future.
I think that children need to be taught, but bitcoin is unlikely to help this
Although Bitcoin does not help your child anything, but the Bitcoin technology and the real reason to created Bitcoin of Sakamoto will be helpful for your child. But remember, just when your child enough age to understand the concept about economy, you can teach them about the nature of Bitcoin and blockchain technology. If not, it really does not help anything for your child
Yes it will definitely will teach kids to save, it will also teach kids on how to do trading, its a nice startup for age of them to be starting this early of their age
This would be a training ground for them in cryptocurrency world. This would teach kids to invest and save and then repeat and probably making the kids in the future be a rich minded people.
This would be a training ground for them in cryptocurrency world. This would teach kids to invest and save and then repeat and probably making the kids in the future be a rich minded people.
on the contrary they will be very wasteful if you know bitcoin because it plays in a big investment that can make every rich in a moment and almost most of them are no longer able to appreciate small money.
That would be a great teaching.
One would learn that he should save a good portion of his earnings due to “sh@@t that happens in life” and the other will learn that leaving his savings for a lot of time it’s not a good strategy in the long terms.
One would learn that he should save a good portion of his earnings due to “sh@@t that happens in life” and the other will learn that leaving his savings for a lot of time it’s not a good strategy in the long terms.
I think that children need to be taught, but bitcoin is unlikely to help this
Jump to: