Topic: A GIFT FOR MY PARENTS - page 3. (Read 505 times)
Not a bad idea if they know about crypto-currency. Perhaps today it's a small amount but in future it would be a a handsome amount for them. And that day they will be proud about it if they hodl it. They should understand the value of bitcoin. And I believe they aware about bitcoin since you are giving them bitcoin as a gift.
A nicely printed paper wallet could be an interesting gift. But it really depends on your parents' views on technology, investments, ...
Maybe you'll tell them how much it worth so they keep it safe.
Maybe you keep a backup super-safely if you think that there's a reasonable chance your parents will not care about it (although in that case you better think of another type of gift)
Maybe you'll tell them how much it worth so they keep it safe.
Maybe you keep a backup super-safely if you think that there's a reasonable chance your parents will not care about it (although in that case you better think of another type of gift)
Always a nice thought to gift something to your parents, but you know, I'd just buy them something nice every now and then, or set aside that 0.3 BTC on your own, and then keep it safe for them. Last thing you want to do is give them some Bitcoin + private key, and then have them lose it. I get that you think they'll love seeing the value go up in the years down the line, but that's solvable: give them a watch only address to monitor. Or keep a blockchain explorer look up on their wallet bookmarked so they can always check, or an app on their phone to monitor their BTC.
Then when they think it's awesomely expensive, they'll tell you: go sell it son!
And you deny them with a hodl meme.
Then when they think it's awesomely expensive, they'll tell you: go sell it son!
And you deny them with a hodl meme.
Is really a nice idea, i think for more safety you should buy a hardware wallet and backup passphrase and save the pin and put the bitcoin there so they can access easy even if something happen with hardware wallet, you or your parents can have access to bitcoin when they want.
It's a good idea if your parents are techy and know how to handle cryptocurrency. If they can't, you could also hold it for them. Investment is a good gift since it could assure a good profit in the future. I'm sure that any gift from you would be appreciated by your parents.
I know the intention is good, but don't ever give bitcoin to anyone who doesn't understand it. The chances of it never being touched are high. My advice is, you hold the .3 for them, being someone who understands this technology and in the future when bitcoin and cryptos are more widely accepted you can show them then, how to spend it. No need to lead them into an investment mentality with this, investments are not spendable, bitcoin is.
Hello everybody!
I would like to give to my parents about 0.3 bitcoin hoping that in a few years the price will increase a lot.
Is it a nice idea for a present?
Thanks for any tips!
I would like to give to my parents about 0.3 bitcoin hoping that in a few years the price will increase a lot.
Is it a nice idea for a present?
Thanks for any tips!
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