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Author Topic: what is your reason for gifting bitcoin  (Read 516 times)
GideonGono
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February 26, 2023, 08:55:32 PM
 #61

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.
To be honest when you mention that the person who would receive it are jobless how do you think that they could focus on investment when they are already struggling to survive?
Only those who have enough could focus on investment but if you don't have a job or source of income even if you have an investment on crypto it would just be spent up little by little because of your basic needs.
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February 26, 2023, 09:30:03 PM
 #62

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.
If the situation is like this, I am not sure that he will not sell the Bitcoin, moreover, they are jobless and don't have money, or they have financial problems What they need is the money to help them continue their life by buying food. they may not need the investment at that time because what they need is the cash to be able to buy some food or do something with the money in that urgent situation. So, I am not sure that they will only focus on the investment. But, it will depend on certain situations and individuals. However, in this situation, I think that most people will sell Bitcoin.

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February 28, 2023, 07:23:04 AM
 #63

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.
the first question here is that (How can he managed to survive as you clearly say He has No JOB at all"? this is something like tricky and not related question for me.

I invest in bitcoin and also trade because I have my full time job and use this market as extra provider.

also if you are going to gift a person with financial problem then the chance of Him holding this will be 10-20% and he might sell this right away after being accepted .

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February 28, 2023, 07:41:59 AM
 #64

It depends on the condition of the person himself because if he really doesn't have a job or steady income and doesn't have any interest in bitcoin then he will most likely want it to be money rather than a form of investment. the reason is simple because indeed he will use it for his daily needs.
Conditions like this are the most likely to occur because indeed seeing from the condition that he does not have a job and a steady income it is already visible even though there is a possibility that he will invest but that is only a few percent of the 100 percent possibility he will cash out it.

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February 28, 2023, 07:47:36 AM
 #65

It depends on the condition of the person himself because if he really doesn't have a job or steady income and doesn't have any interest in bitcoin then he will most likely want it to be money rather than a form of investment. the reason is simple because indeed he will use it for his daily needs.
Conditions like this are the most likely to occur because indeed seeing from the condition that he does not have a job and a steady income it is already visible even though there is a possibility that he will invest but that is only a few percent of the 100 percent possibility he will cash out it.
The possibility to invest is very low. When it comes to survival or investment, the first preference will be to survival. Whether its you, me or the friend everyone prefer survival. Next part, the friend is jobless, so he's in need of money. Maybe if someone can fulfill his daily bread, he may think of investment/saving. When there is no such chance he'll make use of something available with him.

A person moves into investment/saving when he have got excess amount with him after fulfilling his needs. Here the person is in need and by that time expecting him to invest what you gift is unfair. When we gift something, we shouldn't think of what he does with it.

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February 28, 2023, 08:02:45 AM
 #66

When we gift something, we shouldn't think of what he does with it.
People say mostly that the gesture is what is more important than the gift given, but the gift given is also just as important as the gesture. There are thoughtful gifts that can be given to people who already have everything and they will really appreciate it, and there are thoughtful gifts for those who do not have everything and require/need some specific things. For every category of person, you have to know the right gift to give so your gift and gesture becomes more appreciated. Bitcoin is not always the appropriate gift to give to every individual, you have to be thoughtful as to what the person really needs before gifting.

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February 28, 2023, 08:21:07 AM
 #67

When we gift something, we shouldn't think of what he does with it.
People say mostly that the gesture is what is more important than the gift given, but the gift given is also just as important as the gesture. There are thoughtful gifts that can be given to people who already have everything and they will really appreciate it, and there are thoughtful gifts for those who do not have everything and require/need some specific things. For every category of person, you have to know the right gift to give so your gift and gesture becomes more appreciated. Bitcoin is not always the appropriate gift to give to every individual, you have to be thoughtful as to what the person really needs before gifting.

Ninety percent of people will immediately cash out such a present and spend it on needs or luxury, while they will forget such a gesture. Therefore, the giver should explain what Bitcoin is, why its price changes, and how it was created in general. Nevertheless, I consider it a good gift. After all, this is gold, albeit digital.

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February 28, 2023, 08:42:51 AM
 #68

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.
To be honest when you mention that the person who would receive it are jobless how do you think that they could focus on investment when they are already struggling to survive?
Only those who have enough could focus on investment but if you don't have a job or source of income even if you have an investment on crypto it would just be spent up little by little because of your basic needs.

He would really sell that off because he needs money. So it would be better to give them cash as they need  it  so it would be better to give them cash as they need money. It would be best to gift bitcoin to those who really want to venture out into the world of bitcoin, as they will for sure keep it until they want it. If you give it to the unemployed, they will not think of it as an investment, as they need to buy food just to survive each day.
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March 01, 2023, 06:33:24 AM
 #69

It depends on the condition of the person himself because if he really doesn't have a job or steady income and doesn't have any interest in bitcoin then he will most likely want it to be money rather than a form of investment. the reason is simple because indeed he will use it for his daily needs.
Conditions like this are the most likely to occur because indeed seeing from the condition that he does not have a job and a steady income it is already visible even though there is a possibility that he will invest but that is only a few percent of the 100 percent possibility he will cash out it.
The possibility to invest is very low. When it comes to survival or investment, the first preference will be to survival. Whether its you, me or the friend everyone prefer survival. Next part, the friend is jobless, so he's in need of money. Maybe if someone can fulfill his daily bread, he may think of investment/saving. When there is no such chance he'll make use of something available with him.

A person moves into investment/saving when he have got excess amount with him after fulfilling his needs. Here the person is in need and by that time expecting him to invest what you gift is unfair. When we gift something, we shouldn't think of what he does with it.
When talking about needs, all of that will be done and indeed, as you said when talking about preferences, it is clear that basic needs will take precedence over those who cannot support their needs, so surely they will choose not to be able to invest rather than not being able to eat.

On the other hand, I also agree when I say that people who can invest are those who can indeed be said to have enough conditions where their needs in life are sufficiently met because sometimes their thoughts are not towards investing. let alone think for the long term that they can no longer do.

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March 06, 2023, 08:39:03 AM
 #70

If they are in need of money, and you gift them money, the chance that they spend it all away and come back to the state of poverty is very high. While a handful can be expected to be saving that money but you would be better off teaching them how to earn money than giving them money. Even then if they don't learn, then you can rest knowing that you have done your part.

Don't just hand over your coins to someone who has nothing. If they are in need only then give but keep it as limited as possible. Don't expect it back and observe if they learn a lesson.

 
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