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Author Topic: Bitcoin as gift  (Read 635 times)
wajik-tempe
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February 18, 2023, 03:36:15 PM
 #21

it can be a thoughtful and unique gesture, but it's important to ensure that your friend is prepared to handle it responsibly since he just heard bitcoin for 2 weeks from one friend. You could consider including some educational resources or links to reputable sources where he can learn more about bitcoin.
Additionally, it's important to consider the current market value of bitcoin and how it may fluctuate in the future. If you're giving your friend $200 worth of bitcoin today, the value may increase or decrease significantly by the time they decide to sell it or use it to make purchases.

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February 18, 2023, 04:59:38 PM
 #22

Is it cool to give a friend bitcoin as a gift on his birthday?
I have a friend who I have been telling about bitcoin for the past 2 weeks now and he's paying more attention to it, on the 1st of March is his birthday party I want to surprise him with $200 BTC because I can't attend his birthday party.
So is it apprised to gift a friend bitcoin at his birthday party?

For me what you thinking is just a dream of other person who want to have that kind of amount and I think that gift is a very good gift OP cause imagine that you will be given a $200 of bitcoin which pretty good amount to hold but the main thing here op is that your friend. Is totally good in crypto or let say have enough knowledge about investing in order to have a good outcome when you surely give him bitcoin .
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February 18, 2023, 05:18:57 PM
 #23

I want to surprise him with $200 BTC because I can't attend his birthday party.
Really? That's around N150k. (I believe you're Nigerian) 🙄. Well, maybe you're one of the few early adopters in Naija sha to gift someone that huge amount. Moving on, since your friend is already showing interest in Bitcoin it will be a perfect time. However, you've to be certain you've drummed wallet security and safety into his head. Otherwise, your action of gifting him that huge amount will be the same as someone pouring water on a rock in futility. Wallet hacks are common this day.

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February 18, 2023, 07:01:37 PM
 #24

I want to surprise him with $200 BTC because I can't attend his birthday party.
So is it apprised to gift a friend bitcoin at his birthday party?
Does your friend know bitcoin and know how to make transactions with it. If not, you have to return to giving the sermon for the use of the bitcoin you gave him.

The only reason that prompts you to give him a bitcoin, isn't because you can't make it to his birthday, right? Because if I'm right, you intend to provide an understanding of bitcoin in case of a good investment in the future. If your intention is to give bitcoins and at the same time your friend will ask for help to resell the bitcoins, here you fail to provide an understanding of bitcoins to your friends in my opinion.

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February 18, 2023, 09:23:14 PM
 #25

Is it cool to give a friend bitcoin as a gift on his birthday?
I have a friend who I have been telling about bitcoin for the past 2 weeks now and he's paying more attention to it, on the 1st of March is his birthday party I want to surprise him with $200 BTC because I can't attend his birthday party.
So is it apprised to gift a friend bitcoin at his birthday party?
It all goes down if your friend really knows the value of bitcoin. Give your friend what he or she knows. If you will make out time and explain to your friend about bitcoin and make them value it, that is the only way they will value your gift if not the gift may not be appreciated.
$200 can solve some problems to some people, if your friend will not actually value the bitcoin gift, use the $200 and buy something they will really appreciate. The essence of gift is appreciation and not a kind of show off.

 
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February 19, 2023, 03:51:04 AM
 #26

Bitcoins are great gifts for your friends. You are so cool, he will love it and be surprised that you gave him $200 BTC. But, you should be able to teach him and give him more knowledge about bitcoin, so that he understands better.

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February 19, 2023, 06:31:26 AM
 #27

Is it cool to give a friend bitcoin as a gift on his birthday?
I have a friend who I have been telling about bitcoin for the past 2 weeks now and he's paying more attention to it, on the 1st of March is his birthday party I want to surprise him with $200 BTC because I can't attend his birthday party.
So is it apprised to gift a friend bitcoin at his birthday party?
You have done well by gifting your friend a bitcoin, but I don't know if your friend knows anything about bitcoin, also did you gift your friend the bitcoin just to sell and convert to fiat or for him to hold? If you gift him bitcoin and he those not understand anything about bitcoin then it's kind of risky, you have to tell him what bitcoin is all about, why you are gifting him the bitcoin, proper way to secure the bitcoin, appropriate wallet to use in storing the bitcoin and how to secure his wallet and private key. If you don't enlighten him about bitcoin and cryptocurrency in general he might not even know the value of the gift and he might even lose it.

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February 19, 2023, 06:57:09 AM
 #28

Is it cool to give a friend bitcoin as a gift on his birthday?
I have a friend who I have been telling about bitcoin for the past 2 weeks now and he's paying more attention to it, on the 1st of March is his birthday party I want to surprise him with $200 BTC because I can't attend his birthday party.
So is it apprised to gift a friend bitcoin at his birthday party?
Good gift, but how knowledgeable is your friend about Bitcoin?
My question is motivated by the wallet address you will use to send him the Bitcoin.

If your friend is knowledgeable about Bitcoin wallets, keys, and addresses, that is a gift you will give him to motivate him because, as you mentioned, you have been introducing him to Bitcoin, and I am confident he will enjoy it and use it as motivation.

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February 19, 2023, 08:16:49 AM
 #29

Is it cool to give a friend bitcoin as a gift on his birthday?
I have a friend who I have been telling about bitcoin for the past 2 weeks now and he's paying more attention to it, on the 1st of March is his birthday party I want to surprise him with $200 BTC because I can't attend his birthday party.
So is it apprised to gift a friend bitcoin at his birthday party?

$200 worth of Bitcoin from a birthday present is good. That's a whole lot off money. You can also advice him not to sell it but he can keep it until the price appreciate. Ensure you also teach him how to keep this asset safe in decentralized wallets and let him learn how to keep his keys and password safe.

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February 19, 2023, 09:30:18 AM
 #30

If your friends knows how does the bitcoin can be benefited I guess this is very interesting gift but of course you need to know already the bitcoin wallet address of him so you can surprise there's a transaction upcoming with him and leave some note telling him the best wishes for him. If your friend does not have a hardware wallet this price of 200$ you can buy a trezor hardware or a ledger to make your assets more safe.

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February 19, 2023, 12:05:11 PM
 #31

There is still enough time before the birthday for OP to make sure his friend fully understands the different kinds of wallet, wallet security and how to send and receive bitcoin. It will be pointless if your friend doesn’t know the value of the gift and just sees it as a monetary present to be spent.
I want to surprise him with $200 BTC because I can't attend his birthday party.
Really? That's around N150k. (I believe you're Nigerian) 🙄
I have seen his post in the local board, he’s obviously a Nigerian. The amount also surprised me too given the situation in Nigeria right now, money is tight everywhere.  OP must be a generous person.

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February 19, 2023, 12:13:51 PM
 #32

Is it cool to give a friend bitcoin as a gift on his birthday?
I have a friend who I have been telling about bitcoin for the past 2 weeks now and he's paying more attention to it, on the 1st of March is his birthday party I want to surprise him with $200 BTC because I can't attend his birthday party.
So is it apprised to gift a friend bitcoin at his birthday party?

Since he's interested already on bitcoin then maybe its a best birthday present to receive since this could inspire him to do more better job on participating on many discussions about crypto. He can also use that $200 for start specially when he want to trade and use this as primary capital for his start up.

For sure your friend will appreciate what effort you do so do what you think is right and for sure no gift is bad especially if you think for betterment of your friend.

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February 19, 2023, 12:42:56 PM
 #33

There is still enough time before the birthday for OP to make sure his friend fully understands the different kinds of wallet, wallet security and how to send and receive bitcoin. It will be pointless if your friend doesn’t know the value of the gift and just sees it as a monetary present to be spent.
I want to surprise him with $200 BTC because I can't attend his birthday party.
Really? That's around N150k. (I believe you're Nigerian) 🙄
I have seen his post in the local board, he’s obviously a Nigerian. The amount also surprised me too given the situation in Nigeria right now, money is tight everywhere.  OP must be a generous person.


The author of the topic is a great person, and by this action he shares the idea of cryptocurrencies. And even if the money can be spent quickly (after all, in Nigeria 200 is three average salaries per month). I advise the author of the topic that you ask a friend to install an Exodus wallet. Even on a smartphone. It is as simple as possible to understand.

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February 19, 2023, 10:48:51 PM
 #34

Gifting a friend or anyone bitcoin for a gift on his or her birthday is same as gifting a person a house, car, fiat money etc, but in the case of bitcoin it should be gifted to someone who have a good idea of what it's all about only then can it be well appreciated and we'll utilize. I'll add by saying educate your friend more well on security, storage and utilities of bitcoin not just gifting him or her without these assistance given.

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February 19, 2023, 11:20:14 PM
 #35

I want to surprise him with $200 BTC because I can't attend his birthday party.
Really? That's around N150k. (I believe you're Nigerian) 🙄. Well, maybe you're one of the few early adopters in Naija sha to gift someone that huge amount. Moving on, since your friend is already showing interest in Bitcoin it will be a perfect time. However, you've to be certain you've drummed wallet security and safety into his head. Otherwise, your action of gifting him that huge amount will be the same as someone pouring water on a rock in futility. Wallet hacks are common this day.
Yes it maybe huge amount for some countries but with that gift his friend can start his bitcoin journey. It is a good gesture of appreciation for a friend, and with that gift he opens up the opportunity for his friend to start something potential which will help him in future.

Op is the example of a good friend in this universe.
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February 19, 2023, 11:28:27 PM
 #36

Is it cool to give a friend bitcoin as a gift on his birthday?
I have a friend who I have been telling about bitcoin for the past 2 weeks now and he's paying more attention to it, on the 1st of March is his birthday party I want to surprise him with $200 BTC because I can't attend his birthday party.
So is it apprised to gift a friend bitcoin at his birthday party?

I think it's a pretty good idea. because it will be a valuable experience for you and your friends. for gifts in their usual form are common and will not leave much of an impression. but rewarding with bitcoins would be a lot of fun.

because if I were in a position as your friend and there was someone who rewarded me bitcoin then of course I would be very grateful and feel happy. because it's not a matter of nominal value but a matter of different experiences. and your friend is lucky because there is a friend who remembers his birthday.
So don't hesitate and do it guys. but make sure your friends are also able to use and store bitcoin wallets properly.

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February 19, 2023, 11:33:04 PM
 #37

Is it cool to give a friend bitcoin as a gift on his birthday?
I have a friend who I have been telling about bitcoin for the past 2 weeks now and he's paying more attention to it, on the 1st of March is his birthday party I want to surprise him with $200 BTC because I can't attend his birthday party.
So is it apprised to gift a friend bitcoin at his birthday party?
Maybe it would just be cool to the two of you and not necessarily to everyone else at her birthday party at the time, because for that $200 you could buy another fancy item that your friend can use to help her learn about Bitcoins and how to get them and how to store them.

So if you just told your friend about Bitcoin two weeks ago, I don't think you need to immediately give him a gift in the form of Bitcoin even if it's only $200. Because the better gift for your friend right now is to tell him about how to get Bitcoins so he can use that knowledge all year round for himself. Even though what you want to give is also not wrong as long as you have thought about it more thoroughly.

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Nheer
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February 19, 2023, 11:55:34 PM
 #38

Is it cool to give a friend bitcoin as a gift on his birthday?
I have a friend who I have been telling about bitcoin for the past 2 weeks now and he's paying more attention to it, on the 1st of March is his birthday party I want to surprise him with $200 BTC because I can't attend his birthday party.
So is it apprised to gift a friend bitcoin at his birthday party?
Giving a friend bitcoin its the best gift so far he is into crypto and knows the value of it but if not giving him another gift will be well appreciated.
Is it cool to give a friend bitcoin as a gift on his birthday?
I have a friend who I have been telling about bitcoin for the past 2 weeks now and he's paying more attention to it, on the 1st of March is his birthday party I want to surprise him with $200 BTC because I can't attend his birthday party.
So is it apprised to gift a friend bitcoin at his birthday party?
So if you just told your friend about Bitcoin two weeks ago, I don't think you need to immediately give him a gift in the form of Bitcoin even if it's only $200. Because the better gift for your friend right now is to tell him about how to get Bitcoins so he can use that knowledge all year round for himself. Even though what you want to give is also not wrong as long as you have thought about it more thoroughly.
2 weeks is enough time for some people to learn the basics, it just depends on how fast his friend is in grabbing things. The gift will be there while he embarks on his journey of bitcoin knowledge and once done he will decide on how to utilize the $200 BTC. Bitcoin is the perfect gift because Bitcoin is the future.

 
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February 20, 2023, 01:32:56 AM
 #39

Sounds so good, you don't need to tell him about it, let your gift be a surprise for him. Your friend must be very happy after seeing his wallet filled with a number of Bitcoins from a mysterious sender.
For someone who has just learned to use Bitcoins in the last two weeks, will definitely tell you about this, let this be a lovely gift for him. When the time is right, you can tell him the source of the Bitcoin that went into his wallet by attaching a proof of delivery to him.

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February 20, 2023, 09:55:13 AM
 #40

Is it cool to give a friend bitcoin as a gift on his birthday?
I have a friend who I have been telling about bitcoin for the past 2 weeks now and he's paying more attention to it, on the 1st of March is his birthday party I want to surprise him with $200 BTC because I can't attend his birthday party.
So is it apprised to gift a friend bitcoin at his birthday party?

Yes, it's not a bad idea to give a friend bitcoin as a birthday present, In fact, I believe it's a good idea because it will make him feel special, educate him and many people who attend the party to know how valuable is bitcoin,it will show him how much you love him and help cement your friendship, I wish more people could receive bitcoin as birthday presents because that would be so cool.

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