What will you do if someone gifted you 1 BTC ?

[krishnaverma]

Will you sell it and invest the money somewhere else ? Or will you keep it as bitcoin so that it keeps growing faster in value ? Will you share this news with others or remain silent for privacy ?

[Henark]

it depends from which chain you sent 

[simonova]

it depends from which chain you sent 

Why ?

[_act_]

Will you sell it and invest the money somewhere else ? Or will you keep it as bitcoin so that it keeps growing faster in value ? Will you share this news with others or remain silent for privacy ?

The best would be to remain silent about it for privacy reasons. If you tell people about it, do not be surprised if you are attacked. About what I will use it to do, I will not spend it but hold it instead because I know that bitcoin price will still increase more. But that is if I have nothing to use it to do. But if I am in need of money, I may sell part of it or everything.

[Lida93]

Will you sell it and invest the money somewhere else ? Or will you keep it as bitcoin so that it keeps growing faster in value ? Will you share this news with others or remain silent for privacy ?

You mean diversifying investment. Honestly, let me have it in full first then I would know what I might do by then. We say one thing and might do another when it's eventually handed to us.

Lastly, I can't make the mistake of sharing such news as I would be risking my life.

[Die_empty]

Will you sell it and invest the money somewhere else ? Or will you keep it as bitcoin so that it keeps growing faster in value ? Will you share this news with others or remain silent for privacy ?

Bitcoin price will keep increasing, so keeping it is like having a retirement benefit. Which investment is as profitable as Bitcoin? It has proved over the years to be a highly profitable asset. I would seek other means of raising funds to diversify my investment.

The only people who would know about the gifted Bitcoin would be a close relative.  Publicising it gives criminals a clue that you are a good target.  There has been an increase in armed robbery, kidnapping, and other targeting of known crypto enthusiasts. It will be better to remain quiet and enjoy your wealth secretly.

[Nkkuzu]

I work hard…
My struggle with life, like everyone else's, is hectic, tiring, and sometimes hopeless. The days blend together; I have no home, no car… I'm just trying to get through the day, trying to hold my breath.
Every night when I lay my head on the pillow, worries circulate in my mind like a silent crowd.
Yet, I wake up in the morning because I have no other choice.

Sometimes I daydream…
If someone gave me just one Bitcoin one day, maybe I'd truly believe I'm a good person.
It would be as if someone had felt the weight on my heart and said, "I see you deserve some peace, too."
Even this thought feels like innocent consolation—because sometimes, all a person needs is to be seen and understood.


See u later, May healthy and beautiful tomorrows be with you.

[AdaSl0t]

I am sure before I finalize what will I do with that one bitcoin, I will wake up from my dream.

You know, I also regret throwing away the invoice with 25 bitcoins I got from a faucet in 2010, because I thought it was nonsense, akin to a casino. And a way to promote a captcha. Yes, Bitcoin will eventually go bankrupt, but it certainly won't happen in the next five years. However, that's no reason to begging. Asking for help with algorithm calculations in exchange for a percentage of the profit isn't begging, it's a deal. That's different.
Sincerely, Ada.

Nukkuzu=>Good people rarely achieve anything in life. All the leads of those same corporations are complete sociopaths and monsters. And then, I'm more than sure that anyone who received even 1 BTC would spend it on something trivial, like a mansion and a car, whatever the money would be enough for. Although, yes, it wouldn't be enough for a mansion. But at least they'd buy themselves an expensive phone and a car. Why?

[Nkkuzu]

Maybe right before you wake up, life will send you a little sign… With a hope so subtle it will whisper, “It’s not over yet, you still deserve it.”

[TheUltraElite]

I dont expect such gifts on the correct blockchain, because a 120k USD is a huge money and nobody in their sane mind would become so generous that they will give that money away.

Still if someone did, I would do what I do with all my other coins, keep it safe in a wallet or invest in some casino's bankroll if they are not forcing KYC on me.

Investing would be the way to go, that too mostly for long term. Just because someone gifted you that, you might get tempted to waste it all, do not make that mistake. Money spent is not coming back.

[Umklopp]

I sold all BTC in 2015...

Made a pretty good living without hodling but as a bitcoiner from day one I regret not haveing spent more time into it.

So I would keep it just for hodling. May my childs decide wether to sell or not.

So if you want to send btc, feel free: bc1qdvn23n49q6a4x89cvl7eyv04aq9vlhyxsh52nv

[brownn]

Yes, Bitcoin will eventually go bankrupt, but it certainly won't happen in the next five years.

You know that bitcoin will go to zero one day.

You know that it will not happen in next five years.

You seem to know a lot. Do you even know what will happen to you tomorrow ?

[Peasant Wright]

The only two people that are capable of giving anyone 1BTC is mister beast and Alex becker, but there must be a reason why they would give you 1 BTC, the world is a big place and for such luck to come for you and avoid millions of others? Wake up from your dream, there is a 99% chance that it will never happen.

Some things are better not dreamt, and this is one of them, everyone feel it is too late to get one BTC because of the value, don't forget that it was 15,000 not too long ago before it surge back to 120k and counting, in the next bear market Bitcoin new bottom could be 30,000 per BTC, accumulation can still be very effective if you plan it well.

As for me I don't fool myself, who would give me 1 BTC? None, I would rather work towards getting one myself than waiting on an angel to do the job, for it is only a dream and it will remain a dream.

[AdaSl0t]

Yes, Bitcoin will eventually go bankrupt, but it certainly won't happen in the next five years.

You know that bitcoin will go to zero one day.

You know that it will not happen in next five years.

You seem to know a lot. Do you even know what will happen to you tomorrow ?

Maybe tomorrow I'll get hit by a car, or I'll get into an accident myself, or China will finally decide to show off its imperial superiority (I know, talking about empire sounds stupid coming from a Japanese citizen). It doesn't matter. I'm not asking you to take everything at face value, and you won't either. As for Bitcoin, it's just a calculation.

[AdaSl0t]

\

Don't think I'm being pushy, but let me ask, why not Electrum? What's so bad about it? Why not BrainWallet, a HEX2WIF conversion? Of course, no smart wallets, since the guys at Brainflayer didn't invent it for nothing, but... For example, you generate sha256.


foo$ sha256 xaa                                                               
SHA256 (xaa) = *
foo$ HEX
HEX2WIF    HEXGETARR 
foo$ HEX2WIF * 
SHA256 Hash (passphrase Hex): 13c20dd4cf51bb69bbcc2a24e62c1f2c101b1fbcdb7ba6cabf9b101f9a2da084
WIF Private Key (Compressed): *
WIF Private Key (Uncompressed): *

Compressed Public Key: 02d7551db4f7b67e4f8a1a2903eee94ecf7fc3f45aa2954433c8eae397c02d6832
Uncompressed Public Key: 04d7551db4f7b67e4f8a1a2903eee94ecf7fc3f45aa2954433c8eae397c02d6832bfa1246891ad4 6522cf27c3b9dbf3c01995dd4a7bc2a7930006926774257110c
Compressed Public Key Hash160: 6f362d7963955962a4e2aec63c72f7cb6fab5ec9
Uncompressed Public Key Hash160: f8e255f079dcc78fcbab74411049fcf193227349

=== Addresses Generated from Compressed Public Key ===
P2PKH (Starts with 1) Address (Compressed): 1B92ud2XtAvcgAboFfjzGfwuDkutwieuQu
P2SH (Starts with 3) Address (Compressed): 3Bq3qAWyS5EzmLJENmQahJJqNHCcUwR6D8 (P2SH => P2PKH)
P2SH (Starts with 3) Address (Compressed): 3AD1MLF5o1xD7KArrF4WmKJhvDPkMf75as (P2SH => P2WPKH)
Bech32 (Starts with bc1) Address (Compressed): bc1qdumz67trj4vk9f8z4mrrcuhhedh6khkfwdz0yn
Bech32m (Starts with bc1p) Address (Compressed): bc1pdumz67trj4vk9f8z4mrrcuhhedh6khkf9n4yfc
P2WSH (Starts with bc1) Address (Compressed): bc1qvv8ntdu737clmsyarsg9vvnz8j7ajls0z28w76fl946rxkhgwfhszxt2rh (P2WSH => P2PKH)
P2WSH (Starts with bc1) Address (Compressed): bc1qkf7rswhm3tqe8jyf9zlxrfwazwfjreqnxdtznyezecrwnj24mwas4c8j4l (P2WSH => P2WPKH)

=== Addresses Generated from Uncompressed Public Key ===
P2PKH (Starts with 1) Address (Uncompressed): 1PgyiewTg1JmaBDyQHpazGNWYbKUn9oq3p
P2SH (Starts with 3) Address (Uncompressed): 3QNzeCRuDud9fLvQXPVBQtjSh7cCN4vLsM (P2SH => P2PKH)
P2SH (Starts with 3) Address (Uncompressed): 3P1SFT1eDXRBnoh6CMH8USGcG4EQZpfzdK (P2SH => P2WPKH)
Bech32 (Starts with bc1) Address (Uncompressed): bc1qlr39turemnrcljatw3q3qj0u7xfjyu6f9r0qe9
Bech32m (Starts with bc1p) Address (Uncompressed): bc1plr39turemnrcljatw3q3qj0u7xfjyu6fwact5w
P2WSH (Starts with bc1) Address (Uncompressed): bc1qq8m898llsxjuk2a5sd9p4sxxdxzygt222uvtekuay6hy4tl7rreq2hejdt (P2WSH => P2PKH)
P2WSH (Starts with bc1) Address (Uncompressed): bc1qfvjrkdtnruqku653tscppm5huylj4cgy0vvllvchys0zt96au8dsdgphfq (P2WSH => P2WPKH)
foo$

What are the downsides of this method? Really interested. Thanks for the answer.

[Umklopp]

It sounds like you're reflecting on your journey with Bitcoin and considering getting back in, primarily for long-term holding and potentially passing it on to your children. Here's a breakdown of how you could approach this, incorporating some tools and considerations:

Thanks for the info. Struggling is the right word – not because of the return, but because I keep thinking my Antminer U1s could’ve been moving millions today, showing a middle finger to the fiat banks and investors of today straight from my past "me" in a nerd basement.

[fikrett]

I would tell only my family about it, probably.

All the rest comes to what situation I would be in when I got my hands on such a gift.

[SOKO-DEKE]

Will you sell it and invest the money somewhere else ? Or will you keep it as bitcoin so that it keeps growing faster in value ? Will you share this news with others or remain silent for privacy ?

As for me, I am not selling but continuing to hold it for a long period of time as I believe it will keep increasing in value in future. But that should all depends condition,like if  I am not in a serious condition that requires me to sell, I promise I will sell.If I found myself in a situation where I’m facing financial challenges, I will sell part of the one Bitcoin and use it to solve the problem, while keeping the remaining portion. It wouldn’t be a good idea for anyone to keep holding Bitcoin when they have serious problems to solve.

It’s better not to pretend to be smart in a way that could later cause us to lose everything easily. Someone might decide not to touch their Bitcoin, even when facing real problems and as the situation worsens, they could lose more  possibly even their life.So, whether to keep holding or not really depends on present conditions.As for privacy purposes, I will remain silent, but I’ll inform only the one person I truly trust  because I never know what tomorrow will bring.

[hero_the_bossman]

it depends from which chain you sent 

I do think that if we were gifted BTC - we would be gifted that amount of BTC properly, so the questions start to arise from that.

[Creeper0]

Will you sell it and invest the money somewhere else ? Or will you keep it as bitcoin so that it keeps growing faster in value ? Will you share this news with others or remain silent for privacy ?

First, I will try to keep this a secret and start planning a business. Yes, I will plan another investment. The main reason for this is that I do not want to be limited to 1 Bitcoin. First, I want to sell the Bitcoin and set up a business, which will give me a source of income to meet my daily needs and a discreet source of income to invest, if I do not already have a better source of income. If I am successful in investing, I may be in a situation where I will be able to invest 1 Bitcoin every day.

If you try to hold on to Bitcoin, you are limited to 1 Bitcoin and your quality of life is not changing. You can only see the Bitcoin and feel that you own 1 Bitcoin, but if you do not know how to use it properly, then that 1 Bitcoin will not have any real impact. If I am already a rich person and have a lot of money, then I will try to hold on to that Bitcoin for the long term and plan to invest in more Bitcoin.