Post
Topic
Board Economics
Re: 1Bitcoin as a gift from someone
by
Koadharber
on 02/01/2018, 20:00:29 UTC
If you be given a gift of 1BTC by someone and for you this amount is already something you did not expect. Will you sell your bitcoin right away and convert it into cash or just keep it for a better price to come or invest it or what?

Very interesting question, if I were given a chance to have 1 Btc, I would simply hold it and wait until the price would get higher, as we all know that 1 btc cost tons of dollars already. I will keep it and make sure to sell it on a good price and perfect timing. All I can say is hold it.
Yes if someone gifts one bitcoin then that person may either be very rich or he or she is very foolish.This is beacuse the price of bitcoin is very high in today's date.One can start his or her own life with such a huge amount.The person who received that huge amount can invest half of the amount for investment purpose and half of the amount can be saved for future purposes.
It not actually foolish because its dumb to think that a certain person who would decide to gift 1 bitcoin without even knowing its value.For sure he would really be knowledgeable on the thing he supposed to give to others. Having 1 Btc as a gift would really be a valuable one not only into its recent price but also to its potential price in upcoming years this is why when someone gives me this gift then i would be grateful.