I gave 100$ of Bitcoin to my elder brother as a gift

peter0425

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Quote from: wtsimis on February 07, 2022, 08:51:42 AM

While browsing the forum, suddenly I found a thread

Quote

I invested $100 for 18 years for my new born nephew

I understand that Bitcoin would be a great gift for anyone. I saw many peoples send gifts in form of crypto. The OP of that thread takes it to another level. It reminds us that one day Bitcoin will go to the moon. Who knows, this 100$ worth of Bitcoin will bear baby's education expanse in the future.
From getting inspiration, I also gave a gift worth 100$ in form of Bitcoin to my brother on his birthday. He is now doing his M.S.C degree in Public Health. He has always had a passion to get a Ph.D. degree. I hope this small gift will help him to reach his goal.
He doesn't have any wallet or exchange account, so I opened an exchange account for him and set up all the settings. I teach him some basic things in the crypto industry (those will help him to secure the account). I also suggest him to put his Bitcoins in staking, which will give him some APY return in long-term investment. The staking method will help him to grow his Bitcoin. I also suggest him follow the SIP strategy, if he finds any interest in the crypto industry then SIP could be a better option for long-term investment.

Now it is the younger is giving gift for the elder? is this what bitcoin really gives as opportunity to the users?

Nice generosity mate I love seeing siblings helping each others and since your brother has a dream , now he will also dream for crypto specially bitcoin.

Quote from: Rehan Zakir on February 15, 2022, 02:49:05 AM

You are doing great work brother. A very popular proverb is "Helping a person is equal to servicing the god". So, must help others.
You helped you elder brother in their studies expenses. God will give you its reward.

Yups specially brothers and sisters , His action will surely brings him good return when his brother finished study and become a successful person.

Rehan Zakir

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You are doing great work brother. A very popular proverb is "Helping a person is equal to servicing the god". So, must help others.
You helped you elder brother in their studies expenses. God will give you its reward. I hope your little effort will give you good reward. Bitcoin APY is very low. But bitcoin is the king of currency. If you get your staking reward in btc then its very good. But you have to invest good investment. So, you get a passive income. Because Bitcoin APY is very low. But best thing is that your bitcoin is increasing.

xSkylarx

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Quote from: tyz on February 14, 2022, 03:38:37 PM

Nice idea! For a few years now, I have regularly given friends and relatives a coldwallet for birthdays or holidays, if I know they are interested in crypto. For some of them, the immense increases in value of cryptocurrencies over the last few years have meant that they have built up a really good small fortune.

They are extremely grateful for this, I am confident of it, because they have already made a profit. Given the fact that I personally prefer to hold onto a physical gift rather than spend it because it serves as a remembrance, which is a good choice for holding onto over the course of the year or money, this is a better alternative to gifting a physical gift. That small fortune is a fantastic start, and it has the potential to persuade others to invest in bitcoin. I'm going to give this type of gift to one of my friends for their wedding and see how they react.

tyz

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Nice idea! For a few years now, I have regularly given friends and relatives a coldwallet for birthdays or holidays, if I know they are interested in crypto. For some of them, the immense increases in value of cryptocurrencies over the last few years have meant that they have built up a really good small fortune.

peterpanda

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Quote from: coinism on February 13, 2022, 09:28:34 AM

There is a Chinese proverb, Give a Man a Fish, and You Feed Him for a Day. Teach a Man To Fish, and You Feed Him for a Lifetime.
OP has done a great job, by giving his elder brother 100$ he surely has taught him a way to catch fish. This will definitely help his brother to grow his wealth and meet expenses. If we will all continue such practise around us then surely we can grow crypto community to enormous level.

Definitely it is a good job and it will help a lot in future. In this case, op should teach his elder brother if his elder brother do not know about the benefits of bitcoin. Interest about bitcoin can increase the amount of bitcoin by investing later.

SurgeriMan

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Quote from: Renampun on February 13, 2022, 08:05:29 AM

Your brotherhood is amazing, I'm amazed by your brotherhood...

in this world great brotherhood is very rare to find, you give bitcoin gifts as a form of love is a beautiful thing that is very rarely encountered, of course the 100 dollars you give as gifts will increase many times in the next few years.

I was also inspired by this story and want to gift bitcoin to my sister.

Flyingjack123

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I am a younger brother who recieved gift of bitcoin from my elder brother.. i am thankful to him, and i feel this is one of the best thing which happened to me this year and i am sure i will reap benifits in future..
Thanks bro..

ancafe

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Quote from: Renampun on February 13, 2022, 08:05:29 AM

Your brotherhood is amazing, I'm amazed by your brotherhood...

in this world great brotherhood is very rare to find, you give bitcoin gifts as a form of love is a beautiful thing that is very rarely encountered, of course the 100 dollars you give as gifts will increase many times in the next few years.

Well, not everyone can be like that. even i was also impressed by it. however, because of this, many people are inspired to give gifts to their relatives. even when giving $100 bitcoins, it's pretty much worth it. even more so, when the price of bitcoin has reached a high price in the future. it would make his brother very happy. well, i just hope he can hold the coin for a very long time.

uneng

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Quote from: wtsimis on February 07, 2022, 08:51:42 AM

I also suggest him to put his Bitcoins in staking, which will give him some APY return in long-term investment. The staking method will help him to grow his Bitcoin. I also suggest him follow the SIP strategy, if he finds any interest in the crypto industry then SIP could be a better option for long-term investment.

I liked the idea you didn't only gave him 100$ worth of bitcoin, but also taught him to invest this amount to generate some extra income through interest along the time. When buying small amounts of bitcoin it's interesting to invest the satoshis to maximize the earnings, especially because we don't know how long bear markets can last, so at least you can generate some extra profit while bitcoin doesn't recover its price, which can be withdrawn or used as money for payments in general. Just make sure to let the bitcoins invested in a legit platform.

LUCKMCFLY

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Quote from: Oceat on February 10, 2022, 06:58:27 PM

Quote from: stomachgrowls on February 10, 2022, 06:28:07 PM

Quote from: retreat on February 10, 2022, 05:00:22 AM

Quote from: Albescent on February 10, 2022, 12:42:27 AM

I would say it is in fact a smart decision to gift your loved ones bitcoin. As now he is aware of the basics, he can use it to earn more profits. You have clearly shown him a good path for his future endeavours.

making Bitcoin a bond of brotherhood and inheritance must be done immediately by anyone, especially those who are in the crypto world, don't be stingy to share bitcoins with relatives, especially when your brother has a difficult economy.

Not all would really be having that kind of mindset on which majority of people would really be that greedy and wont tell anything because they dont like to have competition and this is
what im also seeing too even upto now.Sounds greedy? People could really be on different types thats why they dont really tend to share up on what they are
engaging as of now but for others who are really that willing to do so is really a good step to have.

I think that's just too much if someone think having a Bitcoin is a competition to them. It should be as a gift and not as something that they don't or you don't like. And also, why someone needs to be greedy especially when it comes to their siblings? I think that's unnecessary since what are family are for?

I think if the family member doesn't understand how Bitcoin works then you should ask them if they want fiat or crypto. I know it's an innovation if you give BTC to your brother or sister but the fact that they don't understand how to use it is pointless or even useless to them.

You are right in that statement, although sometimes it can be seen in the most positive way, suppose that the brother has no idea what BTC technology is like or how to use it, he is simply going to have it there without giving any type of use, then over time and possibly over the years that the BTC is around $200k those 100USD will not represent that, but more, so you can get it out of the way in a moment, and it is remarkable that when a person needs money they learn to use BTC or anything that represents money, because that is what causes the need.

coinism

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There is a Chinese proverb, Give a Man a Fish, and You Feed Him for a Day. Teach a Man To Fish, and You Feed Him for a Lifetime.
OP has done a great job, by giving his elder brother 100$ he surely has taught him a way to catch fish. This will definitely help his brother to grow his wealth and meet expenses. If we will all continue such practise around us then surely we can grow crypto community to enormous level.

Sebas.tian

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What a nice gift for someone to gave his elder brother bitcoin gift to assist him in education level. I know your elder brother will never forget this bitcoin gift because that gift will go along way to sustain him through out the program in school. With this bitcoin gift, it will really make him to be more serious in all school activities to appreciate you for the gift he got from you. He will also introduce bitcoin to his course Matt in school to know how important decentralized currency is to humanity.

Don't forget to teach him about bitcoin and how someone can use it to become a rich man in the community. Don't forget to direct him to always ready rules and regulations that guide bitcoin days and nights not to lose any profits that will discourage him from using bitcoin.

Renampun

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Your brotherhood is amazing, I'm amazed by your brotherhood...

in this world great brotherhood is very rare to find, you give bitcoin gifts as a form of love is a beautiful thing that is very rarely encountered, of course the 100 dollars you give as gifts will increase many times in the next few years.

lombok

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Wow, that's really cool man.
I also did the same for my little sister who had just entered in high school. I introduced my sister to crypto and trading on Binance. Now he can make a profit from trading and she uses that profit to buy something she wants.
Indeed I purposely introduced Bitcoin to my sister through Binance and guided her to trade, because I can only give Bitcoins in small amount. With the hope that my sister can multiply the Bitcoin that I gave and it will be useful for she later.
After 1 month my father who used to be indifferent began to ask little by little about Bitcoin and crypto mining.

AicecreaME

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Coolest gift ever but I think OP didn't do it in the right way.

You don't have to tell him what to do, just telling him that he should study first about Bitcoin is important before he spend it to something. Your brother should find his own way that will suit him to grow his Bitcoin, not you telling him certain ways to do it that might not fit his type when it comes to making profits. Staking is good, but stock trading is much better in my opinion.

mia_houston

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Quote from: AakZaki on February 12, 2022, 08:12:09 AM

in bitcoin assets $ 100 is an asset that is still very minimal, but it is quite good if used as a gift to your older brother and this is the first bitcoin received if your brother is still new to bitcoin. don't just give a gift in the form of bitcoin assets, but also provide knowledge about bitcoin, cryptocurrencies and the technology in it, so they can understand what to do with the gift.

The good intentions of the OP in my opinion are very appropriate, maybe for some people the estimate of $100 is not a big value, but not for some people who are really struggling in terms of the economy, the OP gave bitcoins worth $100 maybe as a way to introduce crypto or bitcoin investments to his brother, but I agree with what you said, because in addition to giving bitcoin of course the OP must also be able to provide education about trading and investing in his brother, so that it is possible for the OP brother to grow his initial capital of $100 to even more.

AakZaki

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in bitcoin assets $ 100 is an asset that is still very minimal, but it is quite good if used as a gift to your older brother and this is the first bitcoin received if your brother is still new to bitcoin. don't just give a gift in the form of bitcoin assets, but also provide knowledge about bitcoin, cryptocurrencies and the technology in it, so they can understand what to do with the gift.

Oceat

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Quote from: stomachgrowls on February 10, 2022, 06:28:07 PM

Quote from: retreat on February 10, 2022, 05:00:22 AM

Quote from: Albescent on February 10, 2022, 12:42:27 AM

I would say it is in fact a smart decision to gift your loved ones bitcoin. As now he is aware of the basics, he can use it to earn more profits. You have clearly shown him a good path for his future endeavours.

making Bitcoin a bond of brotherhood and inheritance must be done immediately by anyone, especially those who are in the crypto world, don't be stingy to share bitcoins with relatives, especially when your brother has a difficult economy.

Not all would really be having that kind of mindset on which majority of people would really be that greedy and wont tell anything because they dont like to have competition and this is
what im also seeing too even upto now.Sounds greedy? People could really be on different types thats why they dont really tend to share up on what they are
engaging as of now but for others who are really that willing to do so is really a good step to have.

I think that's just too much if someone think having a Bitcoin is a competition to them. It should be as a gift and not as something that they don't or you don't like. And also, why someone needs to be greedy especially when it comes to their siblings? I think that's unnecessary since what are family are for?

I think if the family member doesn't understand how Bitcoin works then you should ask them if they want fiat or crypto. I know it's an innovation if you give BTC to your brother or sister but the fact that they don't understand how to use it is pointless or even useless to them.

stomachgrowls

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Quote from: retreat on February 10, 2022, 05:00:22 AM

Quote from: Albescent on February 10, 2022, 12:42:27 AM

I would say it is in fact a smart decision to gift your loved ones bitcoin. As now he is aware of the basics, he can use it to earn more profits. You have clearly shown him a good path for his future endeavours.

making Bitcoin a bond of brotherhood and inheritance must be done immediately by anyone, especially those who are in the crypto world, don't be stingy to share bitcoins with relatives, especially when your brother has a difficult economy.

Not all would really be having that kind of mindset on which majority of people would really be that greedy and wont tell anything because they dont like to have competition and this is
what im also seeing too even upto now.Sounds greedy? People could really be on different types thats why they dont really tend to share up on what they are
engaging as of now but for others who are really that willing to do so is really a good step to have.

lixer

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Quote from: retreat on February 10, 2022, 05:00:22 AM

Quote from: Albescent on February 10, 2022, 12:42:27 AM

I would say it is in fact a smart decision to gift your loved ones bitcoin. As now he is aware of the basics, he can use it to earn more profits. You have clearly shown him a good path for his future endeavours.

making Bitcoin a bond of brotherhood and inheritance must be done immediately by anyone, especially those who are in the crypto world, don't be stingy to share bitcoins with relatives, especially when your brother has a difficult economy.

Right it must be done as soon as possible because we don't know if how long we are staying in this world. As long as we are still here, let's continue to find ways of how we can use our BTC to the fullest. If your brothers financial status is not really that healthy, chances are your mother, father and your other siblings have the same status when it comes to their finance.

You should help them next or better if you prioritize your parents because they have done sacrifices when your still a baby and now that they are older, it is time for you to return the favour. Time have changed because before we are using money as a medium to this but its time to level up things.

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