Gifting Bitcoins in Raksha Bandhan

[henmark]

Since the amount isnt very high so I am planning to have them open P2P accounts (through my referral link ofc ) and transfer the BTC directly to their accounts. What are your thoughts on this? And how many of you have already done something similar?

It is great to give gift in bitcoin for the adoption.

And which platform you are preferring to open the account and if you want to educate them about bitcoin then do it right, instead of opening an account on exchange, educate them in creating a wallet that is non custodial and send funds to that address which means they control the keys and might have the right motivation to do it further.

I did the same this year. My sister already had some rough idea about what bitcoins actually are so I designed a paper wallet and put it in an envelop and gave it to her. At first, she did not really like the idea because as usual she had a list of gifts which she didn't get . But she is elder to me and hence has some maturity. She did appreciate the gesture later and promised will hold those coins for a few years.

Because of her, the in-laws would to hear about bitcoins and might learn more about them in future so I think we are spreading awareness here which is really important. We can always start with our loved ones and who our sister is always one of them.

[Munshi Prem Chand]

Since the amount isnt very high so I am planning to have them open P2P accounts (through my referral link ofc ) and transfer the BTC directly to their accounts. What are your thoughts on this? And how many of you have already done something similar?

It is great to give gift in bitcoin for the adoption.

And which platform you are preferring to open the account and if you want to educate them about bitcoin then do it right, instead of opening an account on exchange, educate them in creating a wallet that is non custodial and send funds to that address which means they control the keys and might have the right motivation to do it further.

I did the same this year. My sister already had some rough idea about what bitcoins actually are so I designed a paper wallet and put it in an envelop and gave it to her. At first, she did not really like the idea because as usual she had a list of gifts which she didn't get . But she is elder to me and hence has some maturity. She did appreciate the gesture later and promised will hold those coins for a few years.

Because of her, the in-laws would to hear about bitcoins and might learn more about them in future so I think we are spreading awareness here which is really important. We can always start with our loved ones and who our sister is always one of them.

Love this. Having a story attached to their bitcoin makes the gift that much more meaningful. Arbitrary exchange account won't hit the same. I made a wallet for my sister and sent some sats to it and suggested she keep them around for a long time and not cash them out (or trade them) any time soon.

Tip: assuming you did it right and generated that wallet offline (if so, awesome) but paper may be lost or degrade over time. It would be prudent for the recipient to have a backup of the wallet somewhere safe. Alternatively, importing that wallet into a decent mobile app may make sense.

Introducing crypto to the family is the best route for broader adoption. All it takes is one person getting curious and you're golden. Also, apparently, elders always have a gift list ready. Great job.

[weallbitcoiners]

Since the amount isnt very high so I am planning to have them open P2P accounts (through my referral link ofc ) and transfer the BTC directly to their accounts. What are your thoughts on this? And how many of you have already done something similar?

It is great to give gift in bitcoin for the adoption.

And which platform you are preferring to open the account and if you want to educate them about bitcoin then do it right, instead of opening an account on exchange, educate them in creating a wallet that is non custodial and send funds to that address which means they control the keys and might have the right motivation to do it further.

I did the same this year. My sister already had some rough idea about what bitcoins actually are so I designed a paper wallet and put it in an envelop and gave it to her. At first, she did not really like the idea because as usual she had a list of gifts which she didn't get . But she is elder to me and hence has some maturity. She did appreciate the gesture later and promised will hold those coins for a few years.

Because of her, the in-laws would to hear about bitcoins and might learn more about them in future so I think we are spreading awareness here which is really important. We can always start with our loved ones and who our sister is always one of them.

Talking about Bitcoin and now giving as gift is surely good start for anyone specially family members needs good awareness about Bitcoin its future and have enough potential to stay on good after having your views now I am also looking to start things like this because its also give good knowledge and our circle will be also able to stay on high level of investment.
To many cultural days and enough engagement with family about Bitcoin surely need of time right now India already developing enough in technology and awareness about Bitcoin will help to have things in advance level kids are now also able to learn enough because they are having enough time.

[NPCVAL]

It is a great idea to gift bitcoins to ur siblings but what about "the only childs" since i am one and how will they be educated about bitcoin they dont have anyone to teach them about it nor they can get guided.The only childs get information from their friends and thats it or either by the instagram

[Cointikka]

It is a great idea to gift bitcoins to ur siblings but what about "the only childs" since i am one and how will they be educated about bitcoin they dont have anyone to teach them about it nor they can get guided.The only childs get information from their friends and thats it or either by the instagram

I can relate to what you are saying, as I also have a single child. I generally tell him about Bitcoin or crypto and other GK information trending globally, as the current generation believes whatever is shown on Instagram. Almost all information on that platform is targeted and biased according to the needs of the global left. I think it is always better to talk to your dad, as they have every answers to such propaganda and info.

[Clement Kaliyar]

It is a great idea to gift bitcoins to ur siblings but what about "the only childs" since i am one and how will they be educated about bitcoin they dont have anyone to teach them about it nor they can get guided.The only childs get information from their friends and thats it or either by the instagram

There are plenty of investment scams advertised on social media apps, and there is no monitoring of these scams by the social media sites; it is better to avoid any investment advertisements altogether.

I would rather not ask my kids about investing until they are 18 years old, and they should start investing their own money rather than their parents money. If I want to invest on their behalf, I can do that myself, as there are several options for that in the market.

[NPCVAL]

It is a great idea to gift bitcoins to ur siblings but what about "the only childs" since i am one and how will they be educated about bitcoin they dont have anyone to teach them about it nor they can get guided.The only childs get information from their friends and thats it or either by the instagram

There are plenty of investment scams advertised on social media apps, and there is no monitoring of these scams by the social media sites; it is better to avoid any investment advertisements altogether.

I would rather not ask my kids about investing until they are 18 years old, and they should start investing their own money rather than their parents money. If I want to invest on their behalf, I can do that myself, as there are several options for that in the market.

In my above statement i stated about the "only childs" who are not able to get the info about bitcoin and if they are getting any info its from there friends and yes i do agree that there are invesment scams advertised in the social media but in this generation we are not fools who will fuly trust on those advertiesments we will first try to know about that advertiesment if it is a scam or not 

[henmark]

It is a great idea to gift bitcoins to ur siblings but what about "the only childs" since i am one and how will they be educated about bitcoin they dont have anyone to teach them about it nor they can get guided.The only childs get information from their friends and thats it or either by the instagram

There are plenty of investment scams advertised on social media apps, and there is no monitoring of these scams by the social media sites; it is better to avoid any investment advertisements altogether.

I would rather not ask my kids about investing until they are 18 years old, and they should start investing their own money rather than their parents money. If I want to invest on their behalf, I can do that myself, as there are several options for that in the market.

Actually, there is monitoring but it takes long time for them to identify this as a scam and in the meanwhile, a lot of innocents become victims. I have seen these ads running only for a few days and eventually that account gets disabled. Maybe because a lot of users started reporting it or it was being monitored for any such shady activities. Authorities should step in and investigate these kind of scams. If the cyber branch can catch a few of such scams, they would definitely at least scare others from even thinking about doing such scam.

I would not prefer my kids to invest at least until they start earning. I don't want them to invest my money. If they want to take risk, they can use their money. But I still prefer to have some kind of savings fund for my kids which they will not know about at least until they are 18+.

[Ta BTC]

It is a great idea to gift bitcoins to ur siblings but what about "the only childs" since i am one and how will they be educated about bitcoin they dont have anyone to teach them about it nor they can get guided.The only childs get information from their friends and thats it or either by the instagram

I can relate to what you are saying, as I also have a single child. I generally tell him about Bitcoin or crypto and other GK information trending globally, as the current generation believes whatever is shown on Instagram. Almost all information on that platform is targeted and biased according to the needs of the global left. I think it is always better to talk to your dad, as they have every answers to such propaganda and info.

Mostly children here in India would prefer to talk to friends instead of parents. There are a few sensitive topics which our parents can't understand initially. At these times, single child usually prefers to stay around friends to learn from them. If parents are supportive, yes they can definitely have a good bonding and that child can learn actual lessons because his friend can never teach that to him.

I am sure your child might be looking at you as a motivation. Try teaching him about blockchain from a very young age and one day, he will be way better than you. We should have that bonding so the child does not need to find that comfort in friend.

[BTCian]

It is a great idea to gift bitcoins to ur siblings but what about "the only childs" since i am one and how will they be educated about bitcoin they dont have anyone to teach them about it nor they can get guided.The only childs get information from their friends and thats it or either by the instagram

I can relate to what you are saying, as I also have a single child. I generally tell him about Bitcoin or crypto and other GK information trending globally, as the current generation believes whatever is shown on Instagram. Almost all information on that platform is targeted and biased according to the needs of the global left. I think it is always better to talk to your dad, as they have every answers to such propaganda and info.

Mostly children here in India would prefer to talk to friends instead of parents. There are a few sensitive topics which our parents can't understand initially. At these times, single child usually prefers to stay around friends to learn from them. If parents are supportive, yes they can definitely have a good bonding and that child can learn actual lessons because his friend can never teach that to him.

I am sure your child might be looking at you as a motivation. Try teaching him about blockchain from a very young age and one day, he will be way better than you. We should have that bonding so the child does not need to find that comfort in friend.

Still, there are a few kids who are really close to their parents. They would share almost anything and everything with their parents and these kids would be the ones getting proper guidance. You can't expect proper guidance from our friends because even they are standing in the same boots. They hardly have any real-world knowledge and would only worry about the present. Parents have seen the real-world and they will teach us to worry about the future which will indefinitely secure the present.

We should have a good relation with our children. They should not feel the need to talk to their friends or go out for suggestions. If we are close with them, they would not hesitate to come up with their problems.

[NPCVAL]

\
Still, there are a few kids who are really close to their parents. They would share almost anything and everything with their parents and these kids would be the ones getting proper guidance. You can't expect proper guidance from our friends because even they are standing in the same boots. They hardly have any real-world knowledge and would only worry about the present. Parents have seen the real-world and they will teach us to worry about the future which will indefinitely secure the present.

i agree with u but what about the only childs who are not close to their parents or are not comfortable to share their problems with them, they tho will ask their friends for suggestions or their cousins. What about them,how will they know about bitcoin?

[Clement Kaliyar]

~
In my above statement i stated about the "only childs" who are not able to get the info about bitcoin and if they are getting any info its from there friends and yes i do agree that there are invesment scams advertised in the social media but in this generation we are not fools who will fuly trust on those advertiesments we will first try to know about that advertiesment if it is a scam or not 

If everyone thought like that and searched for their investment before they invested, no one would lose money. In India, about ₹22,500 crore is lost to digital scams alone every year.

~
Actually, there is monitoring but it takes long time for them to identify this as a scam and in the meanwhile, a lot of innocents become victims. I have seen these ads running only for a few days and eventually that account gets disabled. Maybe because a lot of users started reporting it or it was being monitored for any such shady activities. Authorities should step in and investigate these kind of scams. If the cyber branch can catch a few of such scams, they would definitely at least scare others from even thinking about doing such scam.

The reward of starting a scam is much higher, and considering the population we have and the amount of cases the cyber cell needs to investigate every single day, they are not able to catch every scammer. The best way is to make sure you do not get scammed.

I would not prefer my kids to invest at least until they start earning. I don't want them to invest my money. If they want to take risk, they can use their money. But I still prefer to have some kind of savings fund for my kids which they will not know about at least until they are 18+.

This is the best, most diligent option you can have as a parent. You can invest on behalf of your child, but they should not necessarily be involved in what you invest in for them. Once they start earning, they can start their investment career, and not before that. You can teach them the basics before that, and there is nothing wrong with that.