what is your reason for gifting bitcoin - page 2.

MoonOfLife

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Quote from: nimogsm on February 24, 2023, 03:09:12 PM

I don't think that a person who doesn't have a job will help in any way.If he is experiencing financial difficulties,he will sell bitcoin anyway to solve his problem.In addition,if a person does not understand how to use cryptocurrency,he will only spend time studying the principle itself.I think it's worth investing only if there are extra finances and not when there are difficulties.

You are right, for the unemployed, what is needed is money and a job to solve the difficult problem at hand. They would never think of investing because everyone knows investing is risky and not immediately profitable. If it were me, I would also sell those bitcoins to get money to spend on necessities, an investment that I only think about when I have savings.

Lida93

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Quote from: Y3shot on February 23, 2023, 06:24:48 AM

If $300 worth of bitcoin is given to someone who doesn't have a job and have been looking for opportunity to invest in bitcoin. Will it be possible for the person to focus on this investment without selling at the moment because of the present financial situation. I'm asking this question because of people who wish to gift bitcoin to people who are going through difficult financial challenge, is there any need to give bitcoin as gift to people who need money to settle urgent financial problems.

Or bitcoin should only be given to those who can truly invest and yield profits. Can you gift bitcoin to random people who may not make profit from it.

In my viewpoint, no matter what it is a gift is a gift and it's no more in the ambit of the gifter to have control over how and what it's been used on by the receiver except otherwise. Otherwise I'm the sense that there was a mutual agreement between the gifter and the receiver on what purpose the gift is meant for and how it should be expended out such parameters of initial mutual understanding a gifter shouldn't in anyway concern his or herself about what and how the gift was spend whether bitcoin or whatever it is.
If I gift a person a certain fraction of bitcoin and the person decides to invest with it, fine, if he decides to sell it off and use it to solve his problems still fine by me. My commitment was to give and nothing short of that.

kelechi

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I think people have to ask about it. It's qute seriose

Adbitco

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Anyone can be gifted with a bitcoin but it all depends if the person has the knowledge about bitcoin or has heard about it before because you just gift a bitcoin to a random fellow who doesn't have the knowledge on how it's being handled. However if you wanna gift bitcoin to someone it should be that you have at least impacted some knowledge to him or she on how to safeguard his bitcoin.

samcoin

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Quote from: Y3shot on February 23, 2023, 06:24:48 AM

If $300 worth of bitcoin is given to someone who doesn't have a job and have been looking for opportunity to invest in bitcoin. Will it be possible for the person to focus on this investment without selling at the moment because of the present financial situation. I'm asking this question because of people who wish to gift bitcoin to people who are going through difficult financial challenge, is there any need to give bitcoin as gift to people who need money to settle urgent financial problems.

Or bitcoin should only be given to those who can truly invest and yield profits. Can you gift bitcoin to random people who may not make profit from it.

Every person has a different situation. If the receiver was able to find another resource to spend on his expenses without selling Bitcoin, that would be great as Bitcoin is one of the best investments in this age. In my opinion, gifting Bitcoin is more like gifting gold, you shouldn't sell it unless you suffer Compelling circumstances. Apart from this, one of the reasons for someone to gift Bitcoin is the ease of sending it, so the sender might see it difficult to convert it to fiat then buy something with it. One more reason, the sender could be a big fan of Bitcoin and want the get one of his beloved people into it.

virasog

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Quote from: Y3shot on February 23, 2023, 06:24:48 AM

If $300 worth of bitcoin is given to someone who doesn't have a job and have been looking for opportunity to invest in bitcoin. Will it be possible for the person to focus on this investment without selling at the moment because of the present financial situation. I'm asking this question because of people who wish to gift bitcoin to people who are going through difficult financial challenge, is there any need to give bitcoin as gift to people who need money to settle urgent financial problems.

Or bitcoin should only be given to those who can truly invest and yield profits. Can you gift bitcoin to random people who may not make profit from it.

If you gift bitcoin to a person who is in a financial crisis, what will he do? For sure, he will want to spend the bitcoin and for that purpose, he will convert his bitcoin into fiat. A person who needs money will not be able to save bitcoins for future investment purposes.
So in my opinion, if your intention is to gift bitcoin so that he may keep it safe in his wallet, then you should find a person who is financially strong and has no urgent need for money.

In general, when I would gift bitcoin to anyone, my intention will be to increase the adoption of bitcoin as when another person will get some bitcoins he will be curious to know more about bitcoin.

SquallLeonhart

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Quote from: Y3shot on February 23, 2023, 06:24:48 AM

If $300 worth of bitcoin is given to someone who doesn't have a job and have been looking for opportunity to invest in bitcoin. Will it be possible for the person to focus on this investment without selling at the moment because of the present financial situation. I'm asking this question because of people who wish to gift bitcoin to people who are going through difficult financial challenge, is there any need to give bitcoin as gift to people who need money to settle urgent financial problems.

Or bitcoin should only be given to those who can truly invest and yield profits. Can you gift bitcoin to random people who may not make profit from it.

My main reason would be (never done it yet) to show that I care about their financial situation and their future at the same time. You do not gift people money if they are already rich, makes no sense because they already have so much. You gift them money if they are not doing alright, in which case if you give fiat in cash that could be a little bit humiliating for them, nobody would want to accept that, not unless they are in dire situation.

But if you gift them bitcoin, you are disguising your money gift to help them as a tech improvement, like somehow you are promoting bitcoin to them and that would be not a hand out but like a gift while also helping your friend.

tjtonmoy

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I mean if someone is in trouble, you might just gift them cash if they are in need of it. If you give them bitcoin, they will take decision based on their emotion when they are in trouble. Also not to mention, if they are trying to find an opportunity, then give them little amount to start from. When they show a positive result, then you can give them the rest. And one thing I want to ask, does he have proper knowledge about bitcoin and its risks? Or he is just a newbie?

famososMuertos

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I have to be honest it gave me a bit of humor, your context, but, please! If you give away a fishing rod and the person who receives it has no passion for fishing and throws it into a corner, then the question is not to give away the fishing rod, because you like to fish, it is to teach how to fish.

If I've confused you, I won't gift you the fishing rod, don't worry.

Although, it is worth asking yourself, what is bitcoin the fishing rod or just the fish?

what is your reason for gifting bitcoin? bitcoin.

nimogsm

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I don't think that a person who doesn't have a job will help in any way.If he is experiencing financial difficulties,he will sell bitcoin anyway to solve his problem.In addition,if a person does not understand how to use cryptocurrency,he will only spend time studying the principle itself.I think it's worth investing only if there are extra finances and not when there are difficulties.

HajiBagi

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Quote from: posi on February 23, 2023, 07:43:30 AM

For the unemployed, giving them $300 won't solve their problem because the investment can't generate an immediate return or will always provide them with a return. While what they need is daily living expenses, so I think they will sell bitcoin if you give it to them. If you are really willing to help them, you should first find them a job that generates income, then talk to him about investing and give him some initial capital if you are rich.

Nice speaking, I believe that giving someone who is in need of money to settle their financial problems a job first is the best way to help, because not everyone knows about bitcoin and understands it, and he or she may be scammed in such a way, and the dumplings of bitcoin and its market may also affect, so my opinion here is that you should rather give money and a job to someone in need of money to solve their problems.

Davidvictorson

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Quote from: Y3shot on February 23, 2023, 06:24:48 AM

If $300 worth of bitcoin is given to someone who doesn't have a job and have been looking for opportunity to invest in bitcoin. Will it be possible for the person to focus on this investment without selling at the moment because of the present financial situation. I'm asking this question because of people who wish to gift bitcoin to people who are going through difficult financial challenge, is there any need to give bitcoin as gift to people who need money to settle urgent financial problems.

Or bitcoin should only be given to those who can truly invest and yield profits. Can you gift bitcoin to random people who may not make profit from it.

Gifts are good, especially when they are given from a place of love. And bitcoin serves as the perfect gift for people who fall into the following categories: 1) probitcoiners without bitcoin 2) those who would love to invest but do not have enough bitcoin. In the example given by the OP, gifting someone who has no experience in bitcoin trading or investing $300 worth of bitcoin is like giving a 2023 Bentley Bentayga EWB to a child. What do you expect a 4-year-old kid to do with it? If I were able to gift $300 worth of bitcoin to a novice, I would spend $150 teaching the individual how to turn $150 into $300 with bitcoin. When I have achieved this objective, I will go further to instruct the individual on diversification of portfolio or investments.

wiss19

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Yes of course, because it's already mentioned that he is looking forward to investing in Bitcoin but we all have the same reason on why we invest in Bitcoin and that is because for the profit so in case the price shoots up right after you gift the Bitcoin, your friend might still be encourage of selling some portions of the BTC if not all. This is better than completely missing the opportunity because you know a bull run can sometimes be elusive.

At the end of the day, it was still up to you if what rules you are going to apply to your friend because it was still your money not his. Also, It will be better if you can give a little amount of BTC and give a portion of cash assistance so that those people won't touch their BTC for a while.

Ptb73

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There is probably no definite answer to this question.

I wouldn't give bitcoin to a person who doesn't care about it and who doesn't even have a clue what it is.

You mentioned that a person is going through a difficult financial situation, so I think he will just sell this bitcoin. Then why complicate it, just give him the money.

TheUltraElite

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So anyway, I applied as a merit source :)

Gifting bitcoin seems like a noble thing to do but this is not that easy as it sounds. The person whom you are gifting may not understand the importance of Bitcoin, may not live in a country which allows bitcoin to be spent or maybe against bitcoin.

You would first have to get these things cleared with the recipient before you send them anything at all.

Those who are actually interested in Bitcoin would rather buy it directly then hope for someone to gift it to them.

microsurfer

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I can gift bitcoins only for myself. Others will not understand that gift

traderethereum

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Quote from: Y3shot on February 23, 2023, 06:24:48 AM

If $300 worth of bitcoin is given to someone who doesn't have a job and have been looking for opportunity to invest in bitcoin. Will it be possible for the person to focus on this investment without selling at the moment because of the present financial situation. I'm asking this question because of people who wish to gift bitcoin to people who are going through difficult financial challenge, is there any need to give bitcoin as gift to people who need money to settle urgent financial problems.

Or bitcoin should only be given to those who can truly invest and yield profits. Can you gift bitcoin to random people who may not make profit from it.

Maybe it's worth giving to someone looking for an opportunity to make money so they can put it to good use but they have a lot to learn about how to use those bitcoins.
But if bitcoin worth of that is going to be used as an investment, I think that person will look for other sources of income because he needs money to live.
It would be even better if that person wants to learn more about investing in bitcoin to understand and benefit from the investment.
But I don't think I would give bitcoins to random people who maybe don't know much about them because they can't get the benefits yet.

lienfaye

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Quote from: Y3shot on February 23, 2023, 06:24:48 AM

If $300 worth of bitcoin is given to someone who doesn't have a job and have been looking for opportunity to invest in bitcoin. Will it be possible for the person to focus on this investment without selling at the moment because of the present financial situation.

Given the situation that this someone has no job, I don't think he can refrain from selling because of his financial status. Without any resources to earn money aside from Bitcoin you gave for investment then it would be hard to focus. Moreover since he got his Bitcoin as gift and not from his own hard work, it's a reason for someone to sell it easily.

Quote from: Y3shot on February 23, 2023, 06:24:48 AM

Or bitcoin should only be given to those who can truly invest and yield profits. Can you gift bitcoin to random people who may not make profit from it.

Well, this depends on the sender. If you like to share your Bitcoin then it's up to you because you can give it to anyone as your way to help someone or spread awareness regardless of what they're going to do with the Bitcoin you gave as gift.

LogitechMouse

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Quote from: Y3shot on February 23, 2023, 06:24:48 AM

If $300 worth of bitcoin is given to someone who doesn't have a job and have been looking for opportunity to invest in bitcoin. Will it be possible for the person to focus on this investment without selling at the moment because of the present financial situation. I'm asking this question because of people who wish to gift bitcoin to people who are going through difficult financial challenge, is there any need to give bitcoin as gift to people who need money to settle urgent financial problems.

Or bitcoin should only be given to those who can truly invest and yield profits. Can you gift bitcoin to random people who may not make profit from it.

There's nothing wrong in helping others. In this case, you want to give Bitcoin to somebody that doesn't have a job and want to use Bitcoin to settle their financial problems right? It's good, but there's a better option for that and it's kind off contradicting that you said on your first sentence that "someone want to invest into Bitcoin" while in the final sentence, you said that someone will use Bitcoin "to settle urgent financial matters". Which is which?

If you will giving that $300 worth of Bitcoin to somebody and decided to hold it then good, but if you will give $300 worth of Bitcoin to somebody and then he will just use it for financial problems then it might be better if you will just give him straight cash. No hassle of converting and cashing out etc.

Bitcoin can be given to anyone without any discrimination whatsoever. You can give Bitcoin to a beggar on the side of the street waiting for anybody to give them money. You can give it to your children if you wanted to. Why hand-pick somebody? It will now depend on the receiver if how will he use that Bitcoin. Will he convert that Bitcoin and buy some stuff? Will he hold it and take profit a few years from now?

xSkylarx

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Whether they have financial difficulty or not, you can still gift bitcoin to anyone, but you don't expect from them that they can make a profit from it easily, as others are still learning bitcoin and how they can make more from it, and others also just hold it for a long period of time. It is just that if you gift it to a jobless person, the possibility of him using it is high as he needs money to spend for his needs, unless he is very wise and will invest or like trade it to make it more

Topic: what is your reason for gifting bitcoin - page 2. (Read 544 times)