Bitcoin as gift - page 3. | Bitcointalksearch.org

Jatiluhung

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Quote from: uche6215 on February 18, 2023, 07:46:23 AM

Is it cool to give a friend bitcoin as a gift on his birthday?
I have a friend who I have been telling about bitcoin for the past 2 weeks now and he's paying more attention to it, on the 1st of March is his birthday party I want to surprise him with $200 BTC because I can't attend his birthday party.
So is it apprised to gift a friend bitcoin at his birthday party?

I think it's a pretty good idea. because it will be a valuable experience for you and your friends. for gifts in their usual form are common and will not leave much of an impression. but rewarding with bitcoins would be a lot of fun.

because if I were in a position as your friend and there was someone who rewarded me bitcoin then of course I would be very grateful and feel happy. because it's not a matter of nominal value but a matter of different experiences. and your friend is lucky because there is a friend who remembers his birthday.
So don't hesitate and do it guys. but make sure your friends are also able to use and store bitcoin wallets properly.

drwhobox

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Quote from: Mpamaegbu on February 18, 2023, 12:18:57 PM

Quote from: uche6215 on February 18, 2023, 07:46:23 AM

I want to surprise him with $200 BTC because I can't attend his birthday party.

Really? That's around N150k. (I believe you're Nigerian) 🙄. Well, maybe you're one of the few early adopters in Naija sha to gift someone that huge amount. Moving on, since your friend is already showing interest in Bitcoin it will be a perfect time. However, you've to be certain you've drummed wallet security and safety into his head. Otherwise, your action of gifting him that huge amount will be the same as someone pouring water on a rock in futility. Wallet hacks are common this day.

Yes it maybe huge amount for some countries but with that gift his friend can start his bitcoin journey. It is a good gesture of appreciation for a friend, and with that gift he opens up the opportunity for his friend to start something potential which will help him in future.

Op is the example of a good friend in this universe.

Lida93

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Gifting a friend or anyone bitcoin for a gift on his or her birthday is same as gifting a person a house, car, fiat money etc, but in the case of bitcoin it should be gifted to someone who have a good idea of what it's all about only then can it be well appreciated and we'll utilize. I'll add by saying educate your friend more well on security, storage and utilities of bitcoin not just gifting him or her without these assistance given.

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Quote from: SatoPrincess on February 19, 2023, 07:05:11 AM

There is still enough time before the birthday for OP to make sure his friend fully understands the different kinds of wallet, wallet security and how to send and receive bitcoin. It will be pointless if your friend doesn’t know the value of the gift and just sees it as a monetary present to be spent.

Quote from: Mpamaegbu on February 18, 2023, 12:18:57 PM

Quote from: uche6215 on February 18, 2023, 07:46:23 AM

I want to surprise him with $200 BTC because I can't attend his birthday party.

Really? That's around N150k. (I believe you're Nigerian) 🙄

I have seen his post in the local board, he’s obviously a Nigerian. The amount also surprised me too given the situation in Nigeria right now, money is tight everywhere. OP must be a generous person.

The author of the topic is a great person, and by this action he shares the idea of cryptocurrencies. And even if the money can be spent quickly (after all, in Nigeria 200 is three average salaries per month). I advise the author of the topic that you ask a friend to install an Exodus wallet. Even on a smartphone. It is as simple as possible to understand.

Taskford

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Quote from: uche6215 on February 18, 2023, 07:46:23 AM

Is it cool to give a friend bitcoin as a gift on his birthday?
I have a friend who I have been telling about bitcoin for the past 2 weeks now and he's paying more attention to it, on the 1st of March is his birthday party I want to surprise him with $200 BTC because I can't attend his birthday party.
So is it apprised to gift a friend bitcoin at his birthday party?

Since he's interested already on bitcoin then maybe its a best birthday present to receive since this could inspire him to do more better job on participating on many discussions about crypto. He can also use that $200 for start specially when he want to trade and use this as primary capital for his start up.

For sure your friend will appreciate what effort you do so do what you think is right and for sure no gift is bad especially if you think for betterment of your friend.

SatoPrincess

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There is still enough time before the birthday for OP to make sure his friend fully understands the different kinds of wallet, wallet security and how to send and receive bitcoin. It will be pointless if your friend doesn’t know the value of the gift and just sees it as a monetary present to be spent.

Quote from: Mpamaegbu on February 18, 2023, 12:18:57 PM

Quote from: uche6215 on February 18, 2023, 07:46:23 AM

I want to surprise him with $200 BTC because I can't attend his birthday party.

Really? That's around N150k. (I believe you're Nigerian) 🙄

I have seen his post in the local board, he’s obviously a Nigerian. The amount also surprised me too given the situation in Nigeria right now, money is tight everywhere. OP must be a generous person.

Peanutswar

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If your friends knows how does the bitcoin can be benefited I guess this is very interesting gift but of course you need to know already the bitcoin wallet address of him so you can surprise there's a transaction upcoming with him and leave some note telling him the best wishes for him. If your friend does not have a hardware wallet this price of 200$ you can buy a trezor hardware or a ledger to make your assets more safe.

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Quote from: uche6215 on February 18, 2023, 07:46:23 AM

Is it cool to give a friend bitcoin as a gift on his birthday?
I have a friend who I have been telling about bitcoin for the past 2 weeks now and he's paying more attention to it, on the 1st of March is his birthday party I want to surprise him with $200 BTC because I can't attend his birthday party.
So is it apprised to gift a friend bitcoin at his birthday party?

$200 worth of Bitcoin from a birthday present is good. That's a whole lot off money. You can also advice him not to sell it but he can keep it until the price appreciate. Ensure you also teach him how to keep this asset safe in decentralized wallets and let him learn how to keep his keys and password safe.

Hyphen(-)

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Quote from: uche6215 on February 18, 2023, 07:46:23 AM

Is it cool to give a friend bitcoin as a gift on his birthday?
I have a friend who I have been telling about bitcoin for the past 2 weeks now and he's paying more attention to it, on the 1st of March is his birthday party I want to surprise him with $200 BTC because I can't attend his birthday party.
So is it apprised to gift a friend bitcoin at his birthday party?

Good gift, but how knowledgeable is your friend about Bitcoin?
My question is motivated by the wallet address you will use to send him the Bitcoin.

If your friend is knowledgeable about Bitcoin wallets, keys, and addresses, that is a gift you will give him to motivate him because, as you mentioned, you have been introducing him to Bitcoin, and I am confident he will enjoy it and use it as motivation.

Issa56

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Quote from: uche6215 on February 18, 2023, 07:46:23 AM

Is it cool to give a friend bitcoin as a gift on his birthday?
I have a friend who I have been telling about bitcoin for the past 2 weeks now and he's paying more attention to it, on the 1st of March is his birthday party I want to surprise him with $200 BTC because I can't attend his birthday party.
So is it apprised to gift a friend bitcoin at his birthday party?

You have done well by gifting your friend a bitcoin, but I don't know if your friend knows anything about bitcoin, also did you gift your friend the bitcoin just to sell and convert to fiat or for him to hold? If you gift him bitcoin and he those not understand anything about bitcoin then it's kind of risky, you have to tell him what bitcoin is all about, why you are gifting him the bitcoin, proper way to secure the bitcoin, appropriate wallet to use in storing the bitcoin and how to secure his wallet and private key. If you don't enlighten him about bitcoin and cryptocurrency in general he might not even know the value of the gift and he might even lose it.

Qiubell5

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Bitcoins are great gifts for your friends. You are so cool, he will love it and be surprised that you gave him $200 BTC. But, you should be able to teach him and give him more knowledge about bitcoin, so that he understands better.

uchegod-21

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Quote from: uche6215 on February 18, 2023, 07:46:23 AM

Is it cool to give a friend bitcoin as a gift on his birthday?
I have a friend who I have been telling about bitcoin for the past 2 weeks now and he's paying more attention to it, on the 1st of March is his birthday party I want to surprise him with $200 BTC because I can't attend his birthday party.
So is it apprised to gift a friend bitcoin at his birthday party?

It all goes down if your friend really knows the value of bitcoin. Give your friend what he or she knows. If you will make out time and explain to your friend about bitcoin and make them value it, that is the only way they will value your gift if not the gift may not be appreciated.
$200 can solve some problems to some people, if your friend will not actually value the bitcoin gift, use the $200 and buy something they will really appreciate. The essence of gift is appreciation and not a kind of show off.

lizarder

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Quote from: uche6215 on February 18, 2023, 07:46:23 AM

I want to surprise him with $200 BTC because I can't attend his birthday party.
So is it apprised to gift a friend bitcoin at his birthday party?

Does your friend know bitcoin and know how to make transactions with it. If not, you have to return to giving the sermon for the use of the bitcoin you gave him.

The only reason that prompts you to give him a bitcoin, isn't because you can't make it to his birthday, right? Because if I'm right, you intend to provide an understanding of bitcoin in case of a good investment in the future. If your intention is to give bitcoins and at the same time your friend will ask for help to resell the bitcoins, here you fail to provide an understanding of bitcoins to your friends in my opinion.

Mpamaegbu

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Quote from: uche6215 on February 18, 2023, 07:46:23 AM

I want to surprise him with $200 BTC because I can't attend his birthday party.

Really? That's around N150k. (I believe you're Nigerian) 🙄. Well, maybe you're one of the few early adopters in Naija sha to gift someone that huge amount. Moving on, since your friend is already showing interest in Bitcoin it will be a perfect time. However, you've to be certain you've drummed wallet security and safety into his head. Otherwise, your action of gifting him that huge amount will be the same as someone pouring water on a rock in futility. Wallet hacks are common this day.

Shamm

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Quote from: uche6215 on February 18, 2023, 07:46:23 AM

Is it cool to give a friend bitcoin as a gift on his birthday?
I have a friend who I have been telling about bitcoin for the past 2 weeks now and he's paying more attention to it, on the 1st of March is his birthday party I want to surprise him with $200 BTC because I can't attend his birthday party.
So is it apprised to gift a friend bitcoin at his birthday party?

For me what you thinking is just a dream of other person who want to have that kind of amount and I think that gift is a very good gift OP cause imagine that you will be given a $200 of bitcoin which pretty good amount to hold but the main thing here op is that your friend. Is totally good in crypto or let say have enough knowledge about investing in order to have a good outcome when you surely give him bitcoin .

wajik-tempe

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it can be a thoughtful and unique gesture, but it's important to ensure that your friend is prepared to handle it responsibly since he just heard bitcoin for 2 weeks from one friend. You could consider including some educational resources or links to reputable sources where he can learn more about bitcoin.
Additionally, it's important to consider the current market value of bitcoin and how it may fluctuate in the future. If you're giving your friend $200 worth of bitcoin today, the value may increase or decrease significantly by the time they decide to sell it or use it to make purchases.

SatoPrincess

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OP I’d like to have you as a friend lol, you give a guy $200 which is a lot of money in Nigeria btw I wonder what you would give your girlfriend. My opinion has not changed since the last time this question was asked. Gifting bitcoin to someone who doesn’t understand it may not be the best birthday gift, in your case since you have been talking to this person about bitcoin this gesture will definitely trigger more interest into bitcoin. Does your friend have a bitcoin wallet or are you gifting him a ledger with the bitcoin inside?

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That's is a very lovely idea, but before gifting him the Bitcoin, try and teach about Bitcoin, so he could have an understanding before gifting him the 200$ btc, I think he will sure appreciate the gift more when he knows what to do with it...

taufik123

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Educating someone who is new to bitcoin or not at all can do it in various ways, one of which is with this bitcoin prize.

Quote from: jokers10 on February 18, 2023, 08:35:08 AM

-snip-
What if he is not experienced enough not to lose his private key or seed phrase? Imagine how stressful can it be to lose your present because of not understanding how to deal with it.

As a good friend and care about the gift that will be given, then provide some education that will lead to the correct use as well as some things that are prohibited from doing.
This will provide very useful education for beginners with bitcoin prizes that will be received.

Quote from: jokers10 on February 18, 2023, 08:35:08 AM

What if he is not planning to invest at the moment? Is there enough places to spend bitcoin directly around? Or has he to exchange them first? Will he be satisfied with an additional difficulty with a present?

One of the goals of giving bitcoin gifts is to invite them to invest in bitcoin, because the prizes are in the form of bitcoins that may be given with a hardware wallet or just a barcode code private key etc.
I'm sure there won't be any difficulties as long as there are clear tutorials for use and education.

Quote from: jokers10 on February 18, 2023, 08:35:08 AM

What if he would prefer to get a more personal gift? If money is okay as a present for him then okay. But if it will be the first time for money gift may be it is not a good idea.
IMO some small amount of bitcoins can be a little addition to the gift just for curiosity, but main gift usually should be of smth else.

Adding with other prizes is a good idea, so it's not just bitcoin as the main prize.

acroman08

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it'll be a good gift if he knows how to use it but if not or if he only knows so little about bitcoin, the gift you gave could just become a hassle for him. I agree with jackg that you could give him another gift along with the bitcoin you are going to gift him. if you are worried about spending more money, you can just cut the amount you are going to give him in bitcoin and use the remaining amount to buy another gift.

Topic: Bitcoin as gift - page 3. (Read 627 times)