what is your reason for gifting bitcoin

[Y3shot]

If $300 worth of bitcoin is given to someone who doesn't have a job and have been looking for opportunity to invest in bitcoin.  Will it be possible for the person to focus on this investment without selling at the moment because of the present financial situation. I'm asking this question because of people who wish to gift bitcoin to people who are going through difficult financial challenge,  is there any need to give bitcoin as gift to people who need money to settle urgent financial problems.

Or bitcoin should only be given to those who can truly invest and yield profits.  Can you gift bitcoin to random people who may not make profit from it.

[Cantsay]

Or bitcoin should only be given to those who can truly invest and yield profits.  Can you gift bitcoin to random people who may not make profit from it.

This might not be the case of everyone but for me whenever I gift something to a person and as soon as the person receives the gift I take my mind off that thing what ever happens after on is no longer my business, but since we are talking about Bitcoin and how well will the person that's to receive it as a gift do with it.
Since you mentioned that the person is going through some financial crisis so it's very likely that he/she is going to sell it to settle the issue at hand. But you wouldn't know now unless you have tried him with other gifts in the past how he went about with them, but for now all the response you'll get will just be based on assumptions.

Op, I think you should gift him the Bitcoin and then take your mind off of it. after all a gift is gift it's not something that's meant to be monitored by the giver.

[ethereumhunter]

If $300 worth of bitcoin is given to someone who doesn't have a job and have been looking for opportunity to invest in bitcoin.  Will it be possible for the person to focus on this investment without selling at the moment because of the present financial situation. I'm asking this question because of people who wish to gift bitcoin to people who are going through difficult financial challenge,  is there any need to give bitcoin as gift to people who need money to settle urgent financial problems.

Or bitcoin should only be given to those who can truly invest and yield profits.  Can you gift bitcoin to random people who may not make profit from it.

If he is not interested in bitcoins, he will not be looking for opportunities to invest in bitcoins but maybe he will accept a bitcoin gift from you or someone else. People who don't have a job will focus on finding a job first rather than investing because they don't have money to invest yet.

I once gave him a bitcoin gift of 0.005 BTC when the bitcoin price was under $5,000 and he still has it. It's like he doesn't care when the bitcoin price has reached $60k because I already told him to sell it at that price but he only does it the next day. But till now, he didn't and still kept the bitcoins.

[FatFork]

Or bitcoin should only be given to those who can truly invest and yield profits.  Can you gift bitcoin to random people who may not make profit from it.

I don't think there's a general answer to this question, because it really depends on the person and the situation. I personally gave away bitcoins only to friends and acquaintances who were already involved in the cryptocurrency space or at least familiar with the concept and expressed their interest. I did this because I wanted to spread the word about Bitcoin and help my friends get involved.

I think it's important that the person you're giving bitcoins to has some interest and experience with cryptocurrencies already. They're unlikely to appreciate the gift if they don't understand or care about it. If a friend or family member does not have any interest in bitcoin, then you should probably buy them something else.

[Mimiklinton]

If $300 worth of bitcoin is given to someone who doesn't have a job and have been looking for opportunity to invest in bitcoin.  Will it be possible for the person to focus on this investment without selling at the moment because of the present financial situation. I'm asking this question because of people who wish to gift bitcoin to people who are going through difficult financial challenge,  is there any need to give bitcoin as gift to people who need money to settle urgent financial problems.

Or bitcoin should only be given to those who can truly invest and yield profits.  Can you gift bitcoin to random people who may not make profit from it.

Someone who does not have a job,and is also looking for opportunity to invest,first have to check his priorities,if he has a problem that 300 dollars can solve he will rather solve it to putting it on long time investment,but mean while if the funds can be split,by putting some in investment and the other to solve problem,is also a good one..Generally as a person if I gift a person bitcoin,I would not bother how the person uses it,but I will be glad to see that the coin have added value to the person.

[un_rank]

If $300 worth of bitcoin is given to someone who doesn't have a job and have been looking for opportunity to invest in bitcoin.  Will it be possible for the person to focus on this investment without selling at the moment because of the present financial situation.

Investing an asset is only possible when one has the capital to do so. Someone without a job should prioritize getting sources to earn an income and not how to invest is a high risk asset like bitcoin.
Without an income column, there cannot be as asset column.

Or bitcoin should only be given to those who can truly invest and yield profits.  Can you gift bitcoin to random people who may not make profit from it.

You should gift someone based on their perceived needs. If they have interest in bitcoin, you can introduce them to the forum so they learn the basics while looking for ways to grow their income column.

- Jay -

[posi]

For the unemployed, giving them $300 won't solve their problem because the investment can't generate an immediate return or will always provide them with a return. While what they need is daily living expenses, so I think they will sell bitcoin if you give it to them. If you are really willing to help them, you should first find them a job that generates income, then talk to him about investing and give him some initial capital if you are rich.

[Coin_trader]

If $300 worth of bitcoin is given to someone who doesn't have a job and have been looking for opportunity to invest in bitcoin.  Will it be possible for the person to focus on this investment without selling at the moment because of the present financial situation. I'm asking this question because of people who wish to gift bitcoin to people who are going through difficult financial challenge,  is there any need to give bitcoin as gift to people who need money to settle urgent financial problems.

Or bitcoin should only be given to those who can truly invest and yield profits.  Can you gift bitcoin to random people who may not make profit from it.

Imho, It’s nonsense to gift someone that fits to your description with financial situation  a money that they can’t use to their current situation because they will not appreciate things that they can’t feel or experienced especially if they don’t understand wth you are gifting to them.

I think splitting the 300$ to 150$ in fiat cash and 150$ Bitcoin is more appropriate because you can help your friend to deal with his current finance problem and at the same time help him for his future investment. I’m sure that he will not touch it since people that new on things that involves money tends to leave it as is and just wait the person that gift him to help him cash it out to convert in fiat.

[Welsh]

Entirely depends on the person you've given it too, but most often that not the person will sell it, especially if they don't have any interest in Bitcoin. Honestly, if you wanted to help a friend out, and get them out of their current situation there's better ways of doing it. For example, helping them find a job or something like that. Bitcoin isn't always the answer, as much as we'd like Bitcoin to be the answer to everything, it really isn't.

Plus, gifting someone some Bitcoin without actually teaching them about it, could be potentially dangerous due to the fact that they could lose it through not managing it correctly. Personally, I'd stick to more conventional ways of helping friends out rather than using Bitcoin as a means to do it.

[G_Besar]

If $300 worth of bitcoin is given to someone who doesn't have a job and have been looking for opportunity to invest in bitcoin.  Will it be possible for the person to focus on this investment without selling at the moment because of the present financial situation. I'm asking this question because of people who wish to gift bitcoin to people who are going through difficult financial challenge,  is there any need to give bitcoin as gift to people who need money to settle urgent financial problems.

The question is really amazing. Okay, a little insight from me for you that you can give Bitcoin to anyone who has a wallet to receive it properly and the problem here is do people with difficult financial conditions already have a wallet to receive gifts in the form of Bitcoin? And one more thing is if they don't know about Bitcoin or don't know Bitcoin at all, I don't think it's any good if you give Bitcoin to them because they don't know how to cash it.

Or bitcoin should only be given to those who can truly invest and yield profits.  Can you gift bitcoin to random people who may not make profit from it.

Those who are experiencing financial difficulties and are experiencing a difficult life with great urgency will certainly not use the Bitcoin you provide for investment. Because they will definitely exchange Bitcoin for fiat to meet their urgent needs and will solve their difficulties first before using the rest to invest and even then if there is still some left. But if the rest is not there, they have to use other capital to invest in Bitcoin or any investment that they understand and are happy with.

[buwaytress]

Yeah, small gifts, almost faucet like also don't really help. They can't sell it, can't buy it, unless it's a micro transaction like a small tip or "rain" on a gambling site. You also might worsen the dust problem (or is it a problem?).

Gifts have to have a really good educational reason, I feel. Or following genuine interest.

Plus, gifting someone some Bitcoin without actually teaching them about it, could be potentially dangerous due to the fact that they could lose it through not managing it correctly. Personally, I'd stick to more conventional ways of helping friends out rather than using Bitcoin as a means to do it.

Yeah, I tried something different the last gift I made. Sort of made it a puzzle of seed phrase, which if they solved, they could restore the wallet containing the btc. Definitely not to help someone out, more like to help along actual interest.

[Pandu Geddon]

for those who need money urgently for the necessities of life, giving them Bitcoins only for them to use for a short time. because financially they are not yet at the level to save assets. it will be different if Bitcoin is in someone who already can meet their needs.
do not force people to withhold Bitcoins that you may give to those who are desperate to make ends meet. even if all they have is an old bicycle if that is all they have and have to sell it for money. then they will.

[jossiel]

If $300 worth of bitcoin is given to someone who doesn't have a job and have been looking for opportunity to invest in bitcoin.  Will it be possible for the person to focus on this investment without selling at the moment because of the present financial situation. I'm asking this question because of people who wish to gift bitcoin to people who are going through difficult financial challenge,  is there any need to give bitcoin as gift to people who need money to settle urgent financial problems.

Or bitcoin should only be given to those who can truly invest and yield profits.  Can you gift bitcoin to random people who may not make profit from it.

If the receiver of that gift is in financial troubles, it's not going to take a long time that that person will have to sell it. Trust me, when someone is in need of money and he doesn't have anything left.

Anything in their possession will be sold just to sustain their needs.

Even if you want them to learn about bitcoin if they're called by their needs, nothing can stop them from selling it as soon as possible when it urges them to be sold.

[lovesmayfamilis]

Of course, those who do not have money to live for a day or a week do not need bitcoin. And giving him a similar amount in bitcoin is equivalent to giving him an ordinary fiat. I think in this situation, you can just give money. But if a person is interested in bitcoin and has even taken the first steps towards learning about it, such a gift will be a good motivation for learning, of course, with further guidance on proper handling and storage.

[Justtoons]

Gifting out Bitcoin to people in need is a good example of hospitality. It will help the alot.


Now after you have given out those bitcoins to such persons, it is now up to them what they decide to use it for. Yes you no longer have any business with the token given out. Now, unless the receiver has interest in Bitcoin trading or investment the only thing you can do for them, is to coach them.


On the other hand, I don't really think it is necessary to give Bitcoins to people in need of money to settle financial stress as this will mean no value to them. You can just give them cash to help settle their financial stress or show them how to convert the Bitcoin to cash.

[salad daging]

I think he will definitely sell it which is probably going to keep the $ 300 while he is in financial trouble so whatever money he gets will definitely be converted into fiat and become a need for him while urgent, while people who invest in bitcoin are people who are ready with emergency funds it is likely that he will definitely sell if you give $300 bitcoin to him especially since he doesn't have a job as an income that is his need.

But it's up to you after giving it whether you want to invest it to make long-term money or become an urgent need of the recipient.
This is not deposit money, if the reason is to give then the recipient is free to do what he wants.

[Zaguru12]

Your question comes into two because you first of all said someone looking to invest to in bitcoin but is jobless. If need comes for help to start investing in bitcoin then the amount is not bad to start up. The person should decide whether to invest it or do otherwise but since he wants to venture into invest and as been jobless then he might have his ways or other side hustle to help him.

As for those sending bitcoin as aid to help people in financial difficulties, I don’t see anything bad because bitcoin is just like our currency and could be converted outrightly by the needy to local fiat (that’s if the person has bitcoin knowledge). Most people send bitcoin because of the stress involved in cross boarder transactions like converting between two country currencies. With bitcoin it is quite easy to ease someone’s financial burden in other country without undergoing such process

[avikz]

If $300 worth of bitcoin is given to someone who doesn't have a job and have been looking for opportunity to invest in bitcoin.  Will it be possible for the person to focus on this investment without selling at the moment because of the present financial situation. I'm asking this question because of people who wish to gift bitcoin to people who are going through difficult financial challenge,  is there any need to give bitcoin as gift to people who need money to settle urgent financial problems.

Or bitcoin should only be given to those who can truly invest and yield profits.  Can you gift bitcoin to random people who may not make profit from it.

If someone is going through a financial problem with an immediate need of fund, I wouldn't gift bitcoin to him because that won't solve the urgent need. Rather I will try to gift him money which he can immediately use to support the situation.

Bitcoin gifting can be done when someone has time to hold onto it and not in need of an emergency fund. This way the person can do his own research before taking a decision of either selling or holding it.

[odolvlobo]

Or bitcoin should only be given to those who can truly invest and yield profits.  Can you gift bitcoin to random people who may not make profit from it.

It's not much of a gift if you put limitations on what they can do with it.

Think of it this way -- you can give them $300 and they can buy some satoshis, or you can give them satoshis and they can sell them for $300. It is the same either way, right?

[uneng]

If $300 worth of bitcoin is given to someone who doesn't have a job and have been looking for opportunity to invest in bitcoin.  Will it be possible for the person to focus on this investment without selling at the moment because of the present financial situation. I'm asking this question because of people who wish to gift bitcoin to people who are going through difficult financial challenge,  is there any need to give bitcoin as gift to people who need money to settle urgent financial problems.

Or bitcoin should only be given to those who can truly invest and yield profits.  Can you gift bitcoin to random people who may not make profit from it.

El Salvador did something like that to introduce their citizens to bitcoin when they launched a 30$ worth of BTC giveaway and as result, most people simply cashed out the funds from bitcoin into fiat to use it as they wished. So it's safe to assume most people are just going to cashout the gift you send them to spend it in fiat, although the smart ones who want to take full advantage of bitcoin's potential will hold it thinking on long term returns.

To give free large chunks of money isn't a good way to incentivize bitcoin adoption due to El Salvador's example, which shows us the currently common sense mindset of the people in the world regards investments and bitcoin.