Yep, thats exactly what I did, I transferred some of mine over to the wallet that Im holding for her. 1,000,000 sats is only a few hundred bucks now, but over the long term may be significantly more. I will save it for the kids for when they graduate and beyond or need me. After running a BTC profit calculator, I'm not sure its even enough to split between 3 kids 20 years from now. Anyway, point is, I'll leave it for the kids unless of course one day sis becomes a bitcoin bull. Never know.
I think this story lacks some context. Firstly, financial context. Are you significantly more well-off than your sister, especially considering that she has to provide for 2 children? If you are (and from other posts it looks like you are), then I think you should buy up and gift the .01 BTC to her on a special occasion (birthday?) or when you can see she's in a hard place and needs a win. If you aren't and she can't set money aside on Bitcoin because she doesn't believe in Bitcoin anymore, then I don't think it matters much, and you can just give her the current hardware wallet. Also, I don't like the whole "I would be keeping custody" thing and giving it years later. It's very patronizing, and also anti-Bitcoin because one should always store one's own keys and rely on nobody else. I'd be mad if someone told me that someone has money for me but would keep control of it and not let me get it for years to come. If she doesn't know and it's a secret, then it's a different story and hodling it for now, so that you can give her much more later when the value grows makes sense.
In any case, you shouldn't push anyone to investing money. Like others pointed out, if she has two kids and can't afford to save up to invest in BTC, she's doing the right and responsible thing by not investing what she can't afford to lose.
NoNo, I would never tell her that I have money for her and then hold it hostage. LOL, she doesnt know anything. I never pushed her to invest in BTC either, just told her about it and told her what it was and made the suggestion to put some $ aside if she could. I planted the seed but have left her alone about it since. She did show interest at the time and I let her make her own decision from there. I dont do pressure campaigns and maybe she plans to but going about it a different way. I dunno. I'll give it to the kids later in their adulthood for college or first home down payment or to my sister to assist in her retirement or whatever they want to use it for. Or they all turn into a bitcoin bull and just hodl it. LOL. Either way, Im sharing the blessing of the worlds hardest asset.
I think this story lacks some context. Firstly, financial context. Are you significantly more well-off than your sister, especially considering that she has to provide for 2 children? If you are (and from other posts it looks like you are), then I think you should buy up and gift the .01 BTC to her on a special occasion (birthday?) or when you can see she's in a hard place and needs a win. If you aren't and she can't set money aside on Bitcoin because she doesn't believe in Bitcoin anymore, then I don't think it matters much, and you can just give her the current hardware wallet. Also, I don't like the whole "I would be keeping custody" thing and giving it years later. It's very patronizing, and also anti-Bitcoin because one should always store one's own keys and rely on nobody else. I'd be mad if someone told me that someone has money for me but would keep control of it and not let me get it for years to come. If she doesn't know and it's a secret, then it's a different story and hodling it for now, so that you can give her much more later when the value grows makes sense.
In any case, you shouldn't push anyone to investing money. Like others pointed out, if she has two kids and can't afford to save up to invest in BTC, she's doing the right and responsible thing by not investing what she can't afford to lose.
Excellent point!!!!!
[moderator's note: consecutive posts merged]
