Post
Topic
Board Bitcoin Discussion
Re: what is your reason for gifting bitcoin
by
SquallLeonhart
on 25/02/2023, 16:54:09 UTC
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.
My main reason would be (never done it yet) to show that I care about their financial situation and their future at the same time. You do not gift people money if they are already rich, makes no sense because they already have so much. You gift them money if they are not doing alright, in which case if you give fiat in cash that could be a little bit humiliating for them, nobody would want to accept that, not unless they are in dire situation.

But if you gift them bitcoin, you are disguising your money gift to help them as a tech improvement, like somehow you are promoting bitcoin to them and that would be not a hand out but like a gift while also helping your friend.