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?
You know what, saving money is a character and an influence external external sources. But character is always start from oneself awareness from the reality on what is happening in the real world. The outside sources that I am talking is concerning bout poverty, the lack of preparedness, and the fruit of irresponsible. So I don't think that bitcoin could help the to change the attitude. It is just a tool to make more money but not the standard of morality. 
Topic: Would bitcoin help teach kids about saving? - page 6. (Read 14183 times)
Teach bitcoin for children who need maximum patience.
Likes they will see karna now that in their minds just fun and play.
In my opinion, wait until they are teenagers and the right time to guide or interest them about bitcoin.
Likes they will see karna now that in their minds just fun and play.
In my opinion, wait until they are teenagers and the right time to guide or interest them about bitcoin.
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.
It will if you would explain to them how it works. In concise, cleary, and realistic matter. It will be a big help for them if they will be able to learn saving at early age.
It should be your first and the most priority to teach your kids about bitcoin because they will make bright future out of it in future, we are bitcoin user and we know bitcoin will increase so high so we should surely teach our children about bitcoin as this thing will make then financially independent and they will learn about new currencies and investment so it is earning and learning for them. 
I do not think it will be very beneficial.Because this market may not be very suitable for saving.
I think yes because saving money in a life is must because there is no one know when a person face an emergency in their life and for emergency saving money is must. So mostly bitcoin users are saving their money in bitcoin because of price volatility so if kid learn about bitcoin then they will also getting experience about saving of bitcoin.
Bitcoin will teach about volatility, but not really saving. If the value of your savings is swinging wildly from month to month, you're not learning the value of saving. The point of saving is to put money away and have it retain that value over long periods of time so it can be used when needed. If stored in Bitcoin, you're teaching the opposite lesson that the value you sacrificed to save could be worth more, but could be worth less, and that's the opposite lesson of saving. That's gambling.
Bitcoin is a good saving method for people that are prepared what ever the negative cause of there investment, in short Bitcoin is more appropriate investment to those who has critical thinking, and it is not also prefer for children because they don't how wide and risky the crypto world, infact they should study hard rather than to save money because, when they grow they will realise how important the essence of saving.
I don't see Bitcoin as a way of saving but of investing. I don't think you can learn them to save money this way, but it could be useful to help them learn how trading works.
Indeed, as early as their age they could learn how to wait or have patience while trading, if that happens it wouldn't be hard for them to trade plus it could enhance their analytical skills that can help them for their school studies.
The effect of bitcoin to an individual, be it an adult or a kid, depends on how that certain individual looks at its earnings, his/her goal and motives. Though bitcoin offers an opportunity to save and invest and earn, the implementation and being able to save still depends on the individuals response in the situation. Hence, bitcoin may or may not teach a kid to save but it will offer them an opportunity.
Would bitcoin help teach kids about saving?
I dont think so because about bitcoin itself was really complicated to understand by the kids. And there are other simple strategies that can be done to teach children in saving money.
I dont think so because about bitcoin itself was really complicated to understand by the kids. And there are other simple strategies that can be done to teach children in saving money.
The answer is no since bitcoin is just a digital currency. We get this ideas since we think that bitcoin is mostly saved by us users and investors but in time when we have kids, I think bitcoin is not an asset where it is saved and being traded but I think bitcoin in that time is a currency that is mostly used as an efficient payment, I mean we are talking about 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?
I thinks there is a big relevant between bitcoin and saving fiat currency because investment is similar in saving your money,so teaching to the kids about bitcoin investment is a good idea,so that someday when they grow up they know how to manage there saving in a proper ways,or by used there saving in investing cryptocurrency for the good of there better 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?
I think bitcoin cannot teach kids in saving money because if most if the kids will use Bitcoin they will buy a loy of things that is not needed, they will spend their money buying their stuff. While a person is young they intend to spend their money and time to buy and travel, and because of that they cannot save their money for their future.
Would bitcoin help teach kids about saving?
I dont think so because about bitcoin itself was really complicated to understand by the kids. And there are other simple strategies that can be done to teach children in saving money.
I dont think so because about bitcoin itself was really complicated to understand by the kids. And there are other simple strategies that can be done to teach children in saving money.
maybe my kids do not need to be taught the bitcoin first, i just want them to learn to save and and learn what is taught by the teacher in school. I wait for the time to teach bitcoin to children because bitcoin is very easy to understand in my opinion. I do not know you will teach your child once or still waiting for time to teach it like me.
yes, I agree with you .. because the child is still in the adaptation stage and needs a very wide knowledge of the lessons he learned in school .. the important thing is we have to teach them to save and live frugally .. there is time for us to introduce them to bitcoin ..At this time, I think it would teach them more about how the price of things is variable and how speculation can make them win and loose a lot in little time.
Bitcoin's work is very easy to play like a lot of games, no previous experience is needed to do this. This is only for computers and net to work. By doing this you can earn 20 to 30000 taka per month. Students can also work as pertime. There is no compulsion in this work.
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, they are kids which has innocent minds but I think when they enter the world of bitcoin and the essence of having this makes them more mature and understand about how money works and one of this is saving. From this, they are now train to save money as well as bitcoin for their future. And also, train them at their young age since they are easy to teach and if they do some mistakes, let them because through that can know what is right and wrong thing to do.
Maybe I think it's good to point out to the child if you have the bitcoins. but maybe in the right way and step by step first. And it should not be immediate for them to adopt immediately in their age. so it's a good step by step to teach how to accumulate bitcoins.
Yes I believe bitcoin will help kids about saving because you will teach them in their very young mind about bitcoin and that the money you put in the bitcoin will earn or gathered interest in the future just like saving in the bank.
You will get your skills about saving only after several mistakes because your own experience is the best teachers. When you are newbie you will never get success at once.
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