Can you say what time (I mean year and month) did you give ETH to your sister? I want to know if she is in profit or is still in loss
I gave her $100 worth of ETH sometime last year when the price is between $2k to $2.1k. She’s still in profit yes! Despite that ETH reached $4.5k back then, she refused to sell coz’ she had a strong belief on ETH lol.
Even though you are considering BTC as a gift, you still need to
save a backup copy of the seed phrase without telling them that you have extra copy of it while teaching them the ins and out of bitcoin in general.
Becase at some point, people aren't ready enough to appreciate and handle intangible things like crypto (BTC)Not only that, teach her a good practice in terms of improving her InfoSec to avoid any issues with compromised device, phishing etc..You don't want to feel like shit when your gift turned into a source of regret, no?
Anyhow, wishing your sister a happy marriage!
Thank you very much (and also to your suggestion)!
Since she trusted and loved me as her brother (despite that I did say that I don’t want to save her phrases because I don’t want to be suspected for stealing or doing unauthorized transactions), she has no problem with me saving it for her as a backup just in case. She already saved the seed phrases for each non-custodial wallet in her “secret” notebook.
I wonder why you started with Ethereum and are now moving to Bitcoin (why Bitcoin wasn't the first one), but, in any case, I think it's a lovely gift. If she kept the ETH and believes it can grow, it means she's at least open to cryptos and somewhat positive about their future, so gifting Bitcoin seems like a good choice to me. The only thing I wanted to add is that if it's a wedding gift, it probably should be for both of them, not just your sister...? People have different financial arrangements when they're married, but wedding gifts are usually for both, no? If you only focus on her, her husband might feel left out.
For her soon-to-be husband, he’s not yet a fan of cryptos despite that he’s also introduced into it. He doesn’t have the same “investing” mindset as my sister is. I can’t force him, but maybe one day he’ll send me a message about it hehe.