A GIFT FOR MY PARENTS

[Stefy0]

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! 

[RuralDistubance]

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.

[Genemind]

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.

[Adriano2010]

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.

[buwaytress]

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.

[NeuroticFish]

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)

[The Cryptovator]

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.

[valentin68]

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?


      

[rdbase]

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.

[mindrust]

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.

[yohananaomi]

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! 

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.

[bering]

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

[uneng]

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.

[FullofAlba]

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.

hear hear, best point!

[Ailmand]

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.

[okala]

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.

[bitzizzix]

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! 

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.

[elisabetheva]

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.

[Oceat]

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.

[kamBlanV]

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.