what is your reason for gifting bitcoin - page 4.

G_Besar

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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.

The question is really amazing. Okay, a little insight from me for you that you can give Bitcoin to anyone who has a wallet to receive it properly and the problem here is do people with difficult financial conditions already have a wallet to receive gifts in the form of Bitcoin? And one more thing is if they don't know about Bitcoin or don't know Bitcoin at all, I don't think it's any good if you give Bitcoin to them because they don't know how to cash it.

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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.

Those who are experiencing financial difficulties and are experiencing a difficult life with great urgency will certainly not use the Bitcoin you provide for investment. Because they will definitely exchange Bitcoin for fiat to meet their urgent needs and will solve their difficulties first before using the rest to invest and even then if there is still some left. But if the rest is not there, they have to use other capital to invest in Bitcoin or any investment that they understand and are happy with.

Welsh

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Entirely depends on the person you've given it too, but most often that not the person will sell it, especially if they don't have any interest in Bitcoin. Honestly, if you wanted to help a friend out, and get them out of their current situation there's better ways of doing it. For example, helping them find a job or something like that. Bitcoin isn't always the answer, as much as we'd like Bitcoin to be the answer to everything, it really isn't.

Plus, gifting someone some Bitcoin without actually teaching them about it, could be potentially dangerous due to the fact that they could lose it through not managing it correctly. Personally, I'd stick to more conventional ways of helping friends out rather than using Bitcoin as a means to do it.

Coin_trader

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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.

Imho, It’s nonsense to gift someone that fits to your description with financial situation a money that they can’t use to their current situation because they will not appreciate things that they can’t feel or experienced especially if they don’t understand wth you are gifting to them.

I think splitting the 300$ to 150$ in fiat cash and 150$ Bitcoin is more appropriate because you can help your friend to deal with his current finance problem and at the same time help him for his future investment. I’m sure that he will not touch it since people that new on things that involves money tends to leave it as is and just wait the person that gift him to help him cash it out to convert in fiat.

posi

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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.

un_rank

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- Jay -

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.

Investing an asset is only possible when one has the capital to do so. Someone without a job should prioritize getting sources to earn an income and not how to invest is a high risk asset like bitcoin.
Without an income column, there cannot be as asset column.

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.

You should gift someone based on their perceived needs. If they have interest in bitcoin, you can introduce them to the forum so they learn the basics while looking for ways to grow their income column.

- Jay -

Mimiklinton

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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.

Someone who does not have a job,and is also looking for opportunity to invest,first have to check his priorities,if he has a problem that 300 dollars can solve he will rather solve it to putting it on long time investment,but mean while if the funds can be split,by putting some in investment and the other to solve problem,is also a good one..Generally as a person if I gift a person bitcoin,I would not bother how the person uses it,but I will be glad to see that the coin have added value to the person.

FatFork

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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.

I don't think there's a general answer to this question, because it really depends on the person and the situation. I personally gave away bitcoins only to friends and acquaintances who were already involved in the cryptocurrency space or at least familiar with the concept and expressed their interest. I did this because I wanted to spread the word about Bitcoin and help my friends get involved.

I think it's important that the person you're giving bitcoins to has some interest and experience with cryptocurrencies already. They're unlikely to appreciate the gift if they don't understand or care about it. If a friend or family member does not have any interest in bitcoin, then you should probably buy them something else.

ethereumhunter

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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 he is not interested in bitcoins, he will not be looking for opportunities to invest in bitcoins but maybe he will accept a bitcoin gift from you or someone else. People who don't have a job will focus on finding a job first rather than investing because they don't have money to invest yet.

I once gave him a bitcoin gift of 0.005 BTC when the bitcoin price was under $5,000 and he still has it. It's like he doesn't care when the bitcoin price has reached $60k because I already told him to sell it at that price but he only does it the next day. But till now, he didn't and still kept the bitcoins.

Cantsay

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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.

This might not be the case of everyone but for me whenever I gift something to a person and as soon as the person receives the gift I take my mind off that thing what ever happens after on is no longer my business, but since we are talking about Bitcoin and how well will the person that's to receive it as a gift do with it.
Since you mentioned that the person is going through some financial crisis so it's very likely that he/she is going to sell it to settle the issue at hand. But you wouldn't know now unless you have tried him with other gifts in the past how he went about with them, but for now all the response you'll get will just be based on assumptions.

Op, I think you should gift him the Bitcoin and then take your mind off of it. after all a gift is gift it's not something that's meant to be monitored by the giver.

Y3shot

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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.

Topic: what is your reason for gifting bitcoin - page 4. (Read 544 times)