to buy gifts or even have time to make something meaningful for the people i care about these holidays, am i just going to be considered the a'sshole this year or what? ive never been in this spot before. i mean i can probably transfer people a dollar in bitcoin as a "surprise!" and make it seem like they're soon gonna be rich
I don't think sincerely thinks she's an expert she's just chit chatting and it sounds like she's trying to be an expert because she's very analytical and you see indicators you normally associate with that.
Yeah bitcoin's upward price movement is increasingly just being hijacked by people who are just playing market swings or fear missing out instead of people who believe in bitcoin's long term potential as a currency or "store of value." Increasingly, people who buy it plan to sell it in the short term.
Bitcoin has gone from "it has value because everyone agrees we will use it as a currency one day" to "it has value because everyone agrees it will have value in the long run" to "it has value because everyone agrees it will have more value in the short run." The network effect propping up the current value is very very fragile.
On the other hand, if it cedes entirely to another cryptocurrency your relatives will forever own a piece of history and the biggest bubble ever blown.
bitcoin is $20k now and at some point it's going to fall. Not sure it's a good time to be sending someone bitcoin for the sake of it rising, and if you're just thinking of *saying* that to placate them then, well, i don't know you or your situation or what those people are like
Regardless of whether sandcoin will rise in price or not, because it's currently a fringe currency they haven't heard of.
if people want to invest $1 in bitcoin they can do it themselves; if they don't, sending them some bitcoin might get them to, but that doesn't make it a good -gift-. I mean my mom sent like $30 to a couple people back when it was still worth like 300 and that worked out well but neither one really got into the theory behind it, as far as i know, and one just cashed it out when she pointed out it was $3k -- which the person hadn't noticed until then. Neither one of them is really that into tech though. And now bitcoin is so high in price it could go down just as easily as it could go up.
you could do just as well sending them a close-to-minute amount of money in USD unless the people are the types to appreciate BTC or similar currencies
but you'd certainly know best what people around you like, and what they'd accept and what your relationship with them is like, but you shouldn't have to get an expensive christmas gift every year -- that would be pretty silly for them to expect, i think.
if you have the kind of dynamic with someone where they'd appreciate your time/effort on its own then trying to make something for them could be a good choice even if you don't know the first thing about any kind of productive activity that results in physical objects
