Like was already stated above, the recipient should at list have little knowledge about btc before gifting because you never know what their reaction might be,
Someone with no knowledge of btc will find it odd when receiving such gift, they will wonder what kind of gift is that, they wouldn't know what to do with it, except they are willing to learn, the idea is great but it boils down to the recipient.
Topic: Will it be a good idea to gift bitcoin? - page 3. (Read 572 times)
Have you ever spoken to her about bitcoin before? What were her views about it? Has she previously expressed any interest in bitcoin whatsoever?
A gift is supposed to be something the recipient would like to receive, not something that you would like to gift. Especially when it comes to a wedding. A gift should be something for the couple to use in their life together, usually something for their house. Gifting bitcoin for a wedding seems a bit tacky to me, unless the couple have expressed an explicit interest in it before.
As I've mentioned before, if I were gifting bitcoin, I think gifting pre-loaded paper wallets isn't a great idea for two reasons. Firstly, the person who receives the paper wallet needs to trust you completely. They need to trust that you generated and printed the paper wallet securely without leaving any traces, and they need to trust that you aren't holding a second copy of the paper wallet yourself. If it's their first experience of bitcoin, then it gives out the wrong message of not trusting any third parties right from the get go. Secondly, it teaches them nothing about bitcoin, how to safely store the paper wallet, how to back it up if they choose, what the numbers and QR codes on the paper wallet mean, how to import it to another wallet and spend the coins without losing the change, etc. If I wanted to give some bitcoin to a total newbie, then I would sit down with them for a few hours, help them to set up their own wallet, show them the basics, and then send some bitcoin to their address as a gift. I think that's far more valuable to the person than just handing them a piece of paper they don't understand and don't know what to do with.
A gift is supposed to be something the recipient would like to receive, not something that you would like to gift. Especially when it comes to a wedding. A gift should be something for the couple to use in their life together, usually something for their house. Gifting bitcoin for a wedding seems a bit tacky to me, unless the couple have expressed an explicit interest in it before.
As I've mentioned before, if I were gifting bitcoin, I think gifting pre-loaded paper wallets isn't a great idea for two reasons. Firstly, the person who receives the paper wallet needs to trust you completely. They need to trust that you generated and printed the paper wallet securely without leaving any traces, and they need to trust that you aren't holding a second copy of the paper wallet yourself. If it's their first experience of bitcoin, then it gives out the wrong message of not trusting any third parties right from the get go. Secondly, it teaches them nothing about bitcoin, how to safely store the paper wallet, how to back it up if they choose, what the numbers and QR codes on the paper wallet mean, how to import it to another wallet and spend the coins without losing the change, etc. If I wanted to give some bitcoin to a total newbie, then I would sit down with them for a few hours, help them to set up their own wallet, show them the basics, and then send some bitcoin to their address as a gift. I think that's far more valuable to the person than just handing them a piece of paper they don't understand and don't know what to do with.
It completely depends on the person to be honest. I knew people that are kinda interested in Bitcoin, but don't have the extra capital to actually buy some. But at the same time, I know people that have the capital for speculative investments but don't give a single crap about Bitcoin. If your best friend is like my first example, then it'll probably be a decent gift. If it's the latter, there might be a good chance that your friend might just lose it sometime in the future.
tldr; it completely depends on your friend's interests. Only you know the right answer.
tldr; it completely depends on your friend's interests. Only you know the right answer.
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.
Jump to: