Bitcoin Forum

Hello everybody!
I would like to give to my parents about 0.3 bitcoin hoping that in a few years the price will increase a lot.
Is it a nice idea for a present?

Thanks for any tips!  :)

I know the intention is good, but don't ever give bitcoin to anyone who doesn't understand it.  The chances of it never being touched are high.   My advice is, you hold the .3 for them, being someone who understands this technology and in the future when bitcoin and cryptos are more widely accepted you can show them then, how to spend it.   No need to lead them into an investment mentality with this, investments are not spendable, bitcoin is.

It's a good idea if your parents are techy and know how to handle cryptocurrency. If they can't, you could also hold it for them. Investment is a good gift since it could assure a good profit in the future. I'm sure that any gift from you would be appreciated by your parents.

Is really a nice idea, i think for more safety you should buy a hardware wallet and backup passphrase and save the pin and put the bitcoin there so they can access easy even if something happen with hardware wallet, you or your parents can have access to bitcoin when they want.

Always a nice thought to gift something to your parents, but you know, I'd just buy them something nice every now and then, or set aside that 0.3 BTC on your own, and then keep it safe for them. Last thing you want to do is give them some Bitcoin + private key, and then have them lose it. I get that you think they'll love seeing the value go up in the years down the line, but that's solvable: give them a watch only address to monitor. Or keep a blockchain explorer look up on their wallet bookmarked so they can always check, or an app on their phone to monitor their BTC.

Then when they think it's awesomely expensive, they'll tell you: go sell it son!

And you deny them with a hodl meme.

A nicely printed paper wallet could be an interesting gift. But it really depends on your parents' views on technology, investments, ...
Maybe you'll tell them how much it worth so they keep it safe.
Maybe you keep a backup super-safely if you think that there's a reasonable chance your parents will not care about it (although in that case you better think of another type of gift)

Not a bad idea if they know about crypto-currency. Perhaps today it's a small amount but in future it would be a a handsome amount for them. And that day they will be proud about it if they hodl it. They should understand the value of bitcoin. And I believe they aware about bitcoin since you are giving them bitcoin as a gift.

0.3 bitcoin is approx 2300 USD to buy now.
What if you would make them a gift of 800 USD worth of Gold, buy 0.1 Bitcoin for approx 800 USD and tell them not to spend this 0.1 bitcoin for the next 10 years, and for 800 USD buy yourself a gift? :)


      

Nice gesture to get them interested in cryptocurrency by owing a bit of bitcoin. :)
But you might want to get them to put it on a wallet installed on their phones or a tablet they use to skype with or whatever they do with technology. Because putting it on a usb/cold storage wallet/paper wallet they are more likely to lose it or forget where they placed it. Especially if they are elderly. :-[

I wouldn't do that. They (probably) won't understand the value you are giving away. They'll want to cash out immediately after bitcoin's price surges %100. There is nothing wrong with that but we all know Bitcoin won't stop there.

If you don't care whether if they dump their coins or not, do it. If you care, just hodl your coins yourself and maybe give them a physical golden coin as a present or some diamond ring maybe, I don't know. Whatever they are into.

Just don't expect them to understand bitcoin immediately.

Do not see the value of bitcoin that you will give to parents, as a child is the obligation to give something of the results that we get as a token of thanks. but is there a problem later if your parents cannot use because of not understanding. what is clear is that when bitcoin is developing well it is sure to be a good investment for the future for your parents.

Many parents usually want their presents usual things such as smarphone, laptop or even cars but seems your parents want something different and concern too about cryptocurrency and i think that was good idea and if you really did it then automatically you makes your parents became an bitcoin users and if your parents have a plan to hold it for next several years i think might be the value of those bitcoin will increase too

It will be useful as an investment fund for your parents. In a first moment they might not understand it very well, but you can explain them step by step how it works and how worthful it will be on their lives in the future.
I hope in some years your parents can make good use of this btc amount, as it's not interesting to hodl money forever.

hear hear, best point!

That's a good choice of present but you shouldn't end up by just giving them that amount of BTC. You should let them know how Blockchain works and what is the risk of investing in crypto so they wouldn't expect much out of that investment. You're thoughtful by the way.

Its a good idea to gift bitcoin to your parents, but before you do that you need to get your parents the necessary informations such as what bitcoin is and how it is used in this way they can take care of it properly. And if they are interested in bitcoin it good to go I can say the idea is a great idea.

Yes, it's a very good idea to give your bitcoin gifts to your parents and maybe later when it's time you want to give a bitcoin prize the price will increase.
but the problem is that your parents know or can use the bitcoin digital currency or not, and you have to tell or introduce bitcoin before you give it.

First, you need to make sure your parents understand bitcoin? if already understand what you are doing is very wise as a dedicated child. but it is better to maintain your investment, so that your parents will not be burdened by the job.

The intention was good but it would be better if you just converted that 0.3BTC into fiat and give it to your parents. I know some people here who do give some money to their parents because they were family oriented people and i do adore them for doing like that to their parents.

But my question is how would you gonna get that 0.3BTC if you do have a job already then it is easy for you to give it to them. You could actually start buying Bitcoin now and HODL until the market skyrocketed to the moon.

yes.  that is a good idea.  and 0.3 BTC is a large amount.  but.  do your parents understand about blockchain or not? if your parents are primitive about technology, you better just give them a fiat form.  I believe.  you've thought about this before.

Yes, that is absolutely a great idea.
It doesn't matter if maybe they don't know much about bitcoin.
You can explain to them what is bitcoin and tell them not to sell if bitcoin price does not touch more than $20k or more.
But it will better if you can buy them hardware like Ledger to save the bitcoin.

It would be better if you would also teach them how to trade so they would know how to get more than just what you give.
You know what they say give a man a fish and you feed him for a day,teach a man how to fish and you feed him for a lifetime.
It is great that you would give them BTC but you should also teach them about crypto stuff so they would know how to use it,
And besides there are so many scammers and hackers out there so you should also teach them how to avoid it and how to keep their crypto safe.

your parents know that it is bitcoin and cryptocurrency ?, because maybe they do not appreciate the gift because of ignorance. For example, my parents have no idea what it is, they only know the money paper and for more than I explain they do not understand.

Thank you everyone for all the answers!
My parents aren't very technological, but know about bitcoin after I've explained to them.
They are middle-aged (55-60 years old), about to retire during this year.

I wanted this to be a gift and encourage them to learn about cryptocurrency since they will have lots of free time.
I was thinking to keep a copy of the private key holding the coins or gift them a hardware wallet.

That is a huge amount but I think every parents deserve to be spoiled since they work so hard to raise us,
It is a great gift for all of their sacrifice but they should know how to use it or it would just be wasted or the worst is be hack,
And the hackers would be the one who would use the money instead of your parents so you should also guide them .

I've given Bitcoin as a gift to family members but they were already VERY interested and knowledgeable - and very aware of any scams they may encounter.

Wow it is good that you will give bitcoins as gift to your parents. You will teach them on hiw does bitcoin works and give them a opportunity to enter to the bitcoin. We know our parents because they become older so I think bitcoin is perfect for them because you do not need a strong body here only need time and effort to earn money.

yes, this is nice idea but your parents should know how to handle bitcoin,then give to them, otherwise you hold it and when it price will increase,that time you buy any gift for them and give it,this is my suggestion.

Bitcoin for your mother?i am not being bad here but are you sure she will still alive by than time?why not give her something she can enjoy while your together?

Bitcoin is a good investments but our mother is old enough for this kind of stuff,what they need is enjoyable things because their time is shorter than us.

It's a good idea. 
But I won't encourage you to put your trust in it, as something you didn't prepare for could go wrong...
There is no guarantee of success just as investing in any other business like stock offer no guarantee of success.

 I will still encourage you to invest. But It is best to invest  when price has hit the bottom.

If your parents are some of those modern people that use smarphtones and interest everyday and have the power to understand what bitcoin is and how it works and it's okay to give them bitcoin as a gift. But keep in mind you should teach the the basis about bitcoin to make sure they don't get scammed and lose their bitcoin by trying to exchange them on some kind of scam website.

As I said, though - they were already very interested in Bitcoin and in every instance my gift was very appreciated and to this day brought-up as they've furthered their holdings and love for Bitcoin. Now as far as cash and gift cards, I agree with you and refrain from giving those as gifts unless the odd person just loves getting cash in lieu of presents.

Hello friend, in fact it is a great idea, of course yes, in a few years it will increase a lot, of that you have no doubt and it has its explanation based on the market criteria, since right now we are in a phase of accumulation, that is, this is the stage where it is cheaper to acquire bitcoins, because it is when you start to eliminate the floating offer that may exist in the market, this is reflected in the level of prices at which bitcoin is sold.

Maybe some years the bitcoin takes its bullish trend, this will be profitable because bitcoin will have a very high growth, it is foreseen this since in almost all the stages of market acuamulation is fulfilled, and this stage promises a lot, because we have a wide range of accumulation ranging from $ 5k to $ 10k, of course, this can be explained by Wyckoff's theory, which is what I base my analysis, but having a clear and fixed point of it, your idea is very good .

Stefy0, it a good decision you have made and if your parents can hold this amount for long term there is no way it is not going to turn into huge fortune for them. How I wish my dad is alive to do the same thing for him! It is better to buy the future for them as I do believe that bitcoin is going to decide what happens to us financially in future.

100 percent correct advice, giving bitcoin to the.person did.not know how all about computerized system money.

Good ideas giving to the.parent bitcoin for.the safe keeping but need.to make sure the security of your bitcoin.

No. I think is not a good idea. Because your parents probably do not know the knowledge about bitcoin, so they could do not like the gift.

It is good idea, and i do it every month, Actually, my parents are depend on me, and i give them every month money from my salary for their expenses, but it is good if the next time i will give them money in bitcoin, i know they much surprise on it.   

 Yeah, it's a really cool gift idea.!!

I am recommending this same idea as this can more practical as we know that older people can have a hard time understanding cryptocurrency (though there are exemptions, of course). The same thing goes to parents who desire to gift their young ones with bitcoin...it would be better if they themselves are the ones holding the coin so it is safe and secured. The idea of gifting our loved ones with bitcoin or any crypto for that matter is something I do appreciate.

Of course, it is a great gift as long as they know what is Bitcoin how it works and how to trade it in the future, don't confuse your parents by giving them something that they do not know and have no knowledge about, educate them first, before giving it to them they will appreciate you for doing this to them..

Super true!

Interesting idea but I don't agree unless they are expert with crypto and use Internet regularly.
My parents never used Internet in their life, even mobile phone so no chance I can give them some bitcoin.

Great ideas and yes nothing doubt about price increase holding for a years, i advice with you to ensure the private keys of the sain amountnof bitcoin sending you in your parent you have a copy on that for the security purposes, hope you gets what I meanto say about security.

its good ideas gift a present for your parents, but i think dont give them bitcoin or altcoin. give them what they like

I think this, like other similar ones, is the best answer you will receive, totally agree. 

Nice idea but i think giving a bitcoin as a present its not quite understandable because if your parents doesn't know about bitcoin its hard for them and if the bitcoin fall low your parents will very disappointed.

you have the hello printed heart in yours that's why you think you will definitely need to give the parents like a present yes more than parents we don't have any valuable things so it will be a nice idea.