Bitcoin can be a gift for some persons

stomachgrowls

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Quote from: MinoRaiola on December 26, 2021, 04:41:38 AM

It's not just a gift, it's more than that. If you give a small amount of bitcoin to friends or family, hopefully it will be something very special for them. Maybe they have more time in the future. If the assets increase, then you've not only given bitcoin, you've given them time, and that's wonderful.

I think it will be more valuable for those who know bitcoin well, but for those who are not aware about bitcoin, then they will consider it as an ordinary one. But its not too late to make people aware about bitcoin and let them know about its own high value that will have even more chances to grow as year passes by. And to think that bitcoin has indeed higher value than fiat, well that would be enough to make them overwhelm having it as a gift.

Ordinary one or chances that they would lost their given coins by someone if they wont really be that curious or they havent been informed on what it is because it would be just common for human beings to be more interested when they are dealing with fiat but somehow if they know that the thing that they had recieved does have that value then for sure
curiosity would really come next.

Bitcoin could really be a good thing for you to give out some gifts to someone to spread up awareness and recognition which we do all want for this thing to increased
as the years goes ahead.

Alisha-k

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Very wonderful gift but It'd be of more benefit to persons who atleast have ideas and are optimistic about Bitcoin but lack the funds to own theirs.
It may also be a starting point for some persons who are mentally blank about Bitcoin but for that would mean backing them up with some coaching.

famososMuertos

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We have already commented on our local board how difficult it is for our family and close friends to create interest in the long term, but if something has changed for me, it is that at least today there is already more interest, but the continuity of That interest is lost in time, but regardless of that we should give away some satoshis, it does not take many funds to do it.

mardaed

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Quote from: uneng on December 25, 2021, 09:47:43 PM

I understand what you mean and I could give them that kind of guidance without any problems, but I don't feel people around me would have legit interest in keeping and caring for their coins.

So in the end, besides my own wallets and investments to manage I would also have to manage the wallets of my family and friends, because they would say it's everything too complex and hard to learn and execute.

I agree with you. It is the genuine care and interest that would truly matter in considering to whom and if it is really a good thing to gift someone with Bitcoin. On top of that, since you are the one who gifted and introduced bitcoin to them, you’ll be obligated to guide and to even do some things for them, as mentioned like managing their wallets for them.

titular

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"Stop using proprietary software."

This year I actually only gave bitcoin as a form of gift. (At least for the people that I only give money to for Christmas.)

I usually create a few 12-word seeds and load bitcoin onto each of them. The first year I did this I was very worried people would not understand what they were getting or wouldn't care about getting bitcoin. Turns out everyone was excited to get it even if they didn't know how bitcoin worked.

michellee

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You can give bitcoin as a gift and suggest they not sell when the price is down. You also need to teach them how to use bitcoin properly to understand and use it without a problem. You can tell your story about how you use bitcoin and what benefit you get from bitcoin. Hopefully, that can make them curious and want to learn about bitcoin. If you do not tell them more about bitcoin, they will not search for more information. But we do not have to force them to use bitcoin if they do not want it because that will be up to them.

Vaskiy

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Quote from: MinoRaiola on December 26, 2021, 04:41:38 AM

It's not just a gift, it's more than that. If you give a small amount of bitcoin to friends or family, hopefully it will be something very special for them. Maybe they have more time in the future. If the assets increase, then you've not only given bitcoin, you've given them time, and that's wonderful.

I had an experience presenting cryptocurrency as gift. I did it on my brother's daughter 1st birthday. Month before her birthday my brother asked to invest on cryptocurrency and gave little amount. By the time ethereum was around $400. For the amount he gave I was able to buy 0.75 ethereum and knowing this I gave 0.25 ethereum after a month on her birthday. Now it is really a big gift as it has grown ten times the investment.

haasanjui

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Yes it can be, but it worth too much everyone can't afford it to buy and gift. Only millinoers can afford BTC buy and gift. If you can afford BTC and wanna gift someone then you transfer BTC to his account and if he mot have Account then you make account and give him account and password.

MinoRaiola

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It's not just a gift, it's more than that. If you give a small amount of bitcoin to friends or family, hopefully it will be something very special for them. Maybe they have more time in the future. If the assets increase, then you've not only given bitcoin, you've given them time, and that's wonderful.

Bttzed03

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My family knows I'm into cryptocurrencies but I haven't given them any BTC yet. I'm planning to give something they could actually enjoy like NFTs for P2E gaming though. It's spreading like wildfire among younger generations and it's probably a better way to introduce crypto to them.

Obito

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At the least we should be sure that they're going to appreciate it and at the same time, they already have an intimate knowledge about cryptocurrencies in general, you can't just gift someone bitcoin, yes bitcoin can be gifted for some people but the word "some" makes things different.

xSkylarx

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Quote from: ChiBitCTy on December 25, 2021, 10:03:54 PM

One great way to gift someone bitcoin that you care about these holidays is by gifting them a physical bitcoin. Some lower cost options you can find in the collectibles section here is stuff like Satori poker chips which are funded with .001BTC or Alpen Coins which are metal coins and have some lower denominations such as .0005BTC. These are a cool ways to gift bitcoin in a cold storage method.

Yes, and they might appreciate it if they are interested in cryptocurrency or bitcoin. That is really cool; I haven't seen anything like it before; I believe before Monero, they had collectibles but no values. That coin is only for collecting purposes, but the fact that you own one is the best feeling in the world, even if it has no monetary value. Gifting it to someone who truly appreciates it will make them extremely happy, and even more so if it is valuable.

Yacmen

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Moi personnellement si j'avais assez de btc j'aillais passer ma vie à éduquer mes frères africain et leur offrir des don
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mes malheureusement j'ai pas

Je suis nouveau dans cette écosystèmes mes je vois le potentiel mon rêve c'est être un éducateur et spécialiste dans le dans le domaine de la cryptos
Ici en Afrique tu peux sortir des gens dans la misère si tu en possède une pièce de btc

ChiBitCTy

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One great way to gift someone bitcoin that you care about these holidays is by gifting them a physical bitcoin. Some lower cost options you can find in the collectibles section here is stuff like Satori poker chips which are funded with .001BTC or Alpen Coins which are metal coins and have some lower denominations such as .0005BTC. These are a cool ways to gift bitcoin in a cold storage method.

uneng

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Quote from: AmoreJaz on December 25, 2021, 07:58:24 PM

Quote from: uneng on December 25, 2021, 06:57:06 PM

Quote from: mardaed on December 25, 2021, 02:46:00 AM

I would so love to do that, but if and only if, those loved ones that I am planning to gift with Bitcoin do want it. Yes, this may be a way of intruding crypto to them, but without the interest and willingness to learn about it, I think that gifting Bitcoin with be just sold or exchanged, hence it will not serve its purpose to them. So, before doing that, I would identify first who among my loved ones want it.

You are right. If they see no point in bitcoin, it makes no sense to give it as gift to them. I have already thought about doing this, but concluded it's better to just use the bitcoins to purchase something they will really appreciate.

After all, bitcoin is a currency and usually we don't give money as gift in my house to the relatives and friends. A gift is a way to show you care for people and their demands. So to give money is a bit cold and rude.

it is not for all actually. because before you give it to them, as others have already pointed out, you need to orient them about securing the keys, password and the whole nine yards. not all will be ready on this but would be a good try. you will know if they are interested also on keeping some for themselves.
you will do the brief intro to them, it is not that you will give them a gift without discussing anything about crypto.
if you want to secure your gift, you know what subjects you need to share with them. youve been in this market for so long, you know what they will need as a beginner.

I understand what you mean and I could give them that kind of guidance without any problems, but I don't feel people around me would have legit interest in keeping and caring for their coins.

So in the end, besides my own wallets and investments to manage I would also have to manage the wallets of my family and friends, because they would say it's everything too complex and hard to learn and execute.

In fact they are just fine living without adopting bitcoin in their lives. That is actually a normal thing, since most people are at a confort zone which doesn't make them feel incentivized to try new things.

Slow death

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bitcoin is money so of course it can be given as a gift, but there is a big problem that would be how this person will spend or withdraw to the bank and spend in the real world, we all know that people to open bank accounts need to have documents and for people to use some exchange to withdraw bitcoin, I need to do KYC, so the person who was going to receive bitcoin as a gift will have to have another person interested in bitcoin in the real world to give him money worth bitcoin and that person who received bitcoin as a gift gift will send bitcoin to real world person who will give you money. and a big embarrassment

AmoreJaz

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Quote from: uneng on December 25, 2021, 06:57:06 PM

Quote from: mardaed on December 25, 2021, 02:46:00 AM

I would so love to do that, but if and only if, those loved ones that I am planning to gift with Bitcoin do want it. Yes, this may be a way of intruding crypto to them, but without the interest and willingness to learn about it, I think that gifting Bitcoin with be just sold or exchanged, hence it will not serve its purpose to them. So, before doing that, I would identify first who among my loved ones want it.

You are right. If they see no point in bitcoin, it makes no sense to give it as gift to them. I have already thought about doing this, but concluded it's better to just use the bitcoins to purchase something they will really appreciate.

After all, bitcoin is a currency and usually we don't give money as gift in my house to the relatives and friends. A gift is a way to show you care for people and their demands. So to give money is a bit cold and rude.

it is not for all actually. because before you give it to them, as others have already pointed out, you need to orient them about securing the keys, password and the whole nine yards. not all will be ready on this but would be a good try. you will know if they are interested also on keeping some for themselves.
you will do the brief intro to them, it is not that you will give them a gift without discussing anything about crypto.
if you want to secure your gift, you know what subjects you need to share with them. youve been in this market for so long, you know what they will need as a beginner.

coupable

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This is a good idea IMO. Cheesy

Last time i tried to offer a fraction of bitcoin to my girlfriend but i told her also that she can cash them at any time if needed instead of better to hold them for long time. First crisis we faced, she proposed to cash the bitcoin gift and i confess that i need that money as well. I promised her to give them back to her wallet and i will do this at the Christmas night or in Valentine Day 1 month later.

Luqman

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Quote from: freedomgo on December 25, 2021, 04:29:26 PM

And there's no way i can give bitcoin as a gift as more people will know that i am into hodling bitcoin which will put myself into danger.

You won't be in danger as long as they didn't know you are holding many Bitcoins. If you are only holding some Bitcoin valued no more than $500, I don't think people will have an intention to steal it. People commonly steal something that has big/expensive value. They don't want to risk themselves by stealing BTC only with small value. Moreover, stealing Bitcoin isn't as easy as stealing real stuff. Stealing it should be more complicated, requires skill to hack. And only people who are familiar with crypto probably want to steal it.

uneng

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Quote from: mardaed on December 25, 2021, 02:46:00 AM

I would so love to do that, but if and only if, those loved ones that I am planning to gift with Bitcoin do want it. Yes, this may be a way of intruding crypto to them, but without the interest and willingness to learn about it, I think that gifting Bitcoin with be just sold or exchanged, hence it will not serve its purpose to them. So, before doing that, I would identify first who among my loved ones want it.

You are right. If they see no point in bitcoin, it makes no sense to give it as gift to them. I have already thought about doing this, but concluded it's better to just use the bitcoins to purchase something they will really appreciate.

After all, bitcoin is a currency and usually we don't give money as gift in my house to the relatives and friends. A gift is a way to show you care for people and their demands. So to give money is a bit cold and rude.

Topic: Bitcoin can be a gift for some persons (Read 404 times)