Topic: Will it be a good idea to gift bitcoin? - page 2. (Read 572 times)
I believe that any cryptocurrency that is in demand on the cryptocurrency market and has a high rating can be a very good gift. Any values, including valuable metals, stones or stocks, as well as today, even Bitcoin is a very good gift for anyone. Of course, it will not be superfluous to conduct a brief and informative conversation about Bitcoin with the person to whom you are giving a gift.
She will ask you to convert bitcoin to money fiat I am sure. Ask her first before you made a wallet, in this case the creator of wallet is you then you will know everything and you can take the bitcoin that she has too, if you wanted. Giving bitcoin the person whe hasn't knew before it will be a mistke, you should give a learning first before you give. Without that you will be regretful and your gift will be worthless eventually. As you may know, according to the news that spread a few weeks ago that Justin Sun gift one bitcoin to Warren Buffet, but because Warren Buffet didn't know bitcoin so when there is someone who ask about his bitcoin he will answer that he has no bitcoin.
This can be a very interesting and unusual gift, but still, if your country does not have a very high level of digitalization and life in general, then in my opinion the best gift would be something that is useful to them in life (household appliances as an example) .
That would have been a nice gift if Bitcoin is not illegal in your country because instead of making her happy, you'll end up creating a problem for her and the worst part is, she can face the consequences of owning bitcoin in your country since it is illegal though. If you want to cheer her up, better look for something other than an illegal thing which will make her happy moment bad.
Different question but anybody want bitcoin if there will be a gift. Bitcoin has lot of conversation going on. it is regulated in some countries some not.if you gave the gift to a legalised countrymen then he will use but on the other hand if you gift illegal contry then how he handle with that.
In last I like to say bitcoin is advanced technology and I suppose everybody should think about it and use the genuine way.
In last I like to say bitcoin is advanced technology and I suppose everybody should think about it and use the genuine way.
It is a good intention that can be given appreciation, because your goals for points 1 and 2 will clearly be able to reach the goal that can reach its destination.
for point one is, if your friend is not familiar with bitcoin, it is very suprise to get bitcoin and for the purpose of the second point will be achieved simultaneously, because he will ask in more detail what you give. if he already knows bitcoin, of course point two is not very achievable but it will make a minimum that illegal bitcoin in your country will be solved by him.
all must be interpreted as positive things if indeed you want to do that, there is nothing wrong with this.
for point one is, if your friend is not familiar with bitcoin, it is very suprise to get bitcoin and for the purpose of the second point will be achieved simultaneously, because he will ask in more detail what you give. if he already knows bitcoin, of course point two is not very achievable but it will make a minimum that illegal bitcoin in your country will be solved by him.
all must be interpreted as positive things if indeed you want to do that, there is nothing wrong with this.
If Bitcoin is illegal in his country, how is his friend gonna use it?
Perhaps a nice gesture is to introduce Freebitcoin as a "Bitcoin with interests" wallet. That would be much better than a sole wallet since it's better to park and let it grow, and not let the amount stay stagnant.
My best friend is going to marry next month and I was thinking of gift her something different than usual. Then, the idea of giving BTC as a gift come to my mind which will have 2 goals at least-
1. Unique gift.
2. A tiny promotion for BTC in real life.
I know it can be very risky because BTC is illegal here in my country but I may not resist myself with doing that. I have planned to create a paper wallet and filled the wallet with my desired amount of BTC and gift it to her.
What do you think? Will it be a good idea, remember I have two goal to achieve here.
1. Unique gift.
2. A tiny promotion for BTC in real life.
I know it can be very risky because BTC is illegal here in my country but I may not resist myself with doing that. I have planned to create a paper wallet and filled the wallet with my desired amount of BTC and gift it to her.
What do you think? Will it be a good idea, remember I have two goal to achieve here.
I'm surprised and actually felt excited to know that someone is giving a friend the gift of Bitcoin. In these days, people are always excited for unusual gifts especially coming from a trusted one. However, this is in my case since I actually know something about Bitcoin. If your friend isn't familiar with it, I wonder how will she manage or use it? But of course you are there to guide her. But if she doesn't want to affiliate herself especially now that she is married, then that would be bad. If her husband is working for a firm or company and wants to invest then maybe it has a chance? Simply put, consider everything first but if it's not too much for you, then the paper wallet would be really nice especially if you could mention to her the possible benefits and investments she can acquire if the coins were managed in the right way.
BTC is illegal here in my country
it depends on this. if it is actually illegal to own and use bitcoin in your country then i wouldn't gift it to anybody because if some day any problem were caused by that gift then it would not be able to sleep at night!
but usually people think it is illegal in some countries whereas it really isn't. for instance people thought it is illegal in India and China due to lots of FUD but the reality is that bitcoin was never illegal in those countries.
I know it can be very risky because BTC is illegal here in my country but I may not resist myself with doing that. I have planned to create a paper wallet and filled the wallet with my desired amount of BTC and gift it to her.
What do you think? Will it be a good idea, remember I have two goal to achieve here.
I will welcome your gift decision. How it will be if you gift a Ledger device and send some btc when you setup the device instead of paper wallet? I am not sure if your friend is familiar with btc, but there is risk on paper wallet especially during spending time. On the other hand when you will create a paper wallet means private keys with you as well. If your friend do not have enough technical knowledge he/she might lose bitcoin during send a part from his/her wallet due to change address issue. I think gift a hardware wallet & btc together would more unique and attractive gift. You are going to gift real thing & virtual things together. What do you think? Will it be a good idea, remember I have two goal to achieve here.
But problem is your country not support bitcoin, in that case you may gift safely and privately. Shouldn't expose yourself as a bitcoin user and throwing you on a risk. Police might take action against you if it's really against of your country's rules. So please be careful.
My best friend is going to marry next month and I was thinking of gift her something different than usual. Then, the idea of giving BTC as a gift come to my mind which will have 2 goals at least-
1. Unique gift.
2. A tiny promotion for BTC in real life.
I know it can be very risky because BTC is illegal here in my country but I may not resist myself with doing that. I have planned to create a paper wallet and filled the wallet with my desired amount of BTC and gift it to her.
What do you think? Will it be a good idea, remember I have two goal to achieve here.
The above all comments have a strong point and I would agree to the point that you should only consider gifting BTC to that person if she already knows about it or at least has heard about it already. It would be a great gift if the person is tech savvy herself. But you wouldn't want to make her feel that you have landed her in trouble by gifting BTC to her if she doesn't know what it is all about. 1. Unique gift.
2. A tiny promotion for BTC in real life.
I know it can be very risky because BTC is illegal here in my country but I may not resist myself with doing that. I have planned to create a paper wallet and filled the wallet with my desired amount of BTC and gift it to her.
What do you think? Will it be a good idea, remember I have two goal to achieve here.
To be honest it's he is new, I'd refrain from telling anyone that I'm involved in cryptocurrency because who knows who might be listening. All those criminals or government out there waiting for their preys (not saying it's your friend, I'm referring to those who have eyes and ears that might hear or take notice of you) especially that Bitcoin is illegal in your country. Let's just say that your friend already know what cryptocurrency is then Bitcoin is a pretty cool gift especially it's cheap right now.
I know it can be very risky because BTC is illegal here in my country but I may not resist myself with doing that.
I think you better resist, because giving someone an illegal gift might not go over well. Not for you, not for the recipient. I don't know what the laws are in your country or what the penalty is for owning bitcoin, but you don't want to get yourself or someone else in trouble just because you're passionate about bitcoin.Imagine gifting someone illegal drugs or guns - most people wouldn't be happy to receive a gift that can get them in a trouble.
That's exactly what I thought after reading OP's post, and it's not clear to me whether the friend even knows about bitcoin or whether it's illegal or not. It sounds like it could be a disaster in the making, so in this particular case I'd say it's a really bad idea.But in countries where it isn't illegal, I think it would be a great idea. It's basically a gift of money, but it's also an investment. It would be like giving someone a combination of cash and stock or something like that. You'd have to judge whether the recipient would appreciate it or not, because some people think bitcoin is just for criminals (ugh).
Bitcoin is one of the best gift you can give to someone you cherish especially as a wedding gift in this instance. At least you are sowing a good seed in their marriage which would germinate in the very near future. To make things more interesting, the paper wallet is a safe wallet to protect the funds from online attacks.
Since you're saying that Bitcoin is illegal in your country, it could be viewed as odd or even negative to gift it. Imagine gifting someone illegal drugs or guns - most people wouldn't be happy to receive a gift that can get them in a trouble. It also means that your friend will have harder time selling or using these coins, so that's another argument against such gift. In your situation I would only make such gift if you know that your friend is already a crypto enthusiast or at least shown interest in crypto before.
Yes, it can be an interesting gift. But you must ensure that she is not a BTC/crypto hater. I cannot imagine if you give it to a hater, even she is your close friend. Why do I suggest it? To make sure that the Bitcoin is sent to an appropriate person and you will make her happy with the gift (not be upset). FYI, I ever met someone who really hated to Bitcoin. He assumed Bitcoin is forbidden to use because the government labeled it as an illegal thing. This kind of person isn't an appropriate one to receive a Bitcoin gift.
For promoting purposes, there are other ways and much simpler.
As always, whenever I attend a wedding, I always give cash or something that the couple really needs because they are just starting their family life. As I said, there are other ways to introduce bitcoin to your friend like having a normal and usual conversation.
But since you want to make your gift "unique", then push for it. After all, they will seek your assistance with the stuff you gave to them and will ask you what's that all about. That's now the start of introducing them into bitcoin world although I doubt they will feel the benefits and advantage of using it since it's illegal in your country.
Unless they're already interested then no. The chances are high it'll be forgotten or discarded or they'll probably think you're using the wedding as an excuse to brainwash them or something. They might interpret it as something along the lines of giving them Hare Krishna robes. Just go for something conventional.
Roger Ver gave a pal of his 500 BTC as a wedding present. Let's hope they paid attention.
Roger Ver gave a pal of his 500 BTC as a wedding present. Let's hope they paid attention.
Unless you're ready to help him manage his bitcoin properly (e.g. choosing good wallet, enforce good security practice, remember password, etc.) then forget it since it's likely he'll forget the gift or lost it due to newbie mistakes.
Guide might not be enough IMO.
Guide might not be enough IMO.
I think it depends. If that certain person knows about bitcoin very well, it would be a good idea then but if the reciever doesn't have any idea about bitcoin, it can still be a good idea yet there's no certainty that they would consider it as useful. It can also be used to introduce bitcoin to the newbies as they learn how valuable it is leading them to have more interest about it until they start investing on it. We should also take into consideration the price, if you are going to gift bitcoin, it would be better, in my opinion, that the value is low and tell them about holding so that they will get the idea of it as they continue their journey here in the crypto market.
Interesting @OP. I would say a good to go move.
There will be a manual/instructions link attached with the paper wallet. The link of the website or a forum post where the OP will explain how to create a wallet and ask him for his safety he (receiver) needs to move the funds. Also OP can give a certain number of days/weeks/months in the manual and also tells vocally to their friend that if the funds do not move in this period then he (OP) will take the coins back assuming they have no interest on it at all.
Everyone likes money and if OP can explain the value of the coins in his own currency then I am sure the receiver will be pleased. OP can state something like this that this coins (x amount) was once over $19k each and these has possibility to hit moon and for example he can say $100k too.
My point is that, the receiver needs to know the value of the coins also OP needs to ensure that the coins do not get lost by giving the time frame to move by himself if the receiver do not move the funds by themselves.
There will be a manual/instructions link attached with the paper wallet. The link of the website or a forum post where the OP will explain how to create a wallet and ask him for his safety he (receiver) needs to move the funds. Also OP can give a certain number of days/weeks/months in the manual and also tells vocally to their friend that if the funds do not move in this period then he (OP) will take the coins back assuming they have no interest on it at all.
Everyone likes money and if OP can explain the value of the coins in his own currency then I am sure the receiver will be pleased. OP can state something like this that this coins (x amount) was once over $19k each and these has possibility to hit moon and for example he can say $100k too.
My point is that, the receiver needs to know the value of the coins also OP needs to ensure that the coins do not get lost by giving the time frame to move by himself if the receiver do not move the funds by themselves.
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