7 Excellent Gifts for Cryptocurrency Enthusiasts

7 Excellent Gifts for Cryptocurrency Enthusiasts

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Author: Robert Strickland (crypto-journalist)
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"7 Excellent Gifts for Cryptocurrency Enthusiasts"

An expert from "Soft4bro" has listed 7 New Year gifts for cryptocurrency enthusiasts. Gifts related to digital currencies are available for any budget, ranging from a few dollars to hundreds of thousands or even millions. Some are purely for entertainment, while others may bring tangible financial benefits.


 

The cryptocurrency market has entered an active growth phase, with tokens experiencing significant increases and renewed interest in the sector. Several upcoming events in the next year, such as the expected approval of Bitcoin spot ETFs and the halving, could positively impact cryptocurrency prices. Therefore, New Year gifts related to digital currencies have become relevant again. Here are the top 7 options for various budgets, along with detailed instructions on how to acquire each gift.

 

1. **Cryptocurrency Portfolio:**
Even with a budget of $100, one can assemble a cryptocurrency portfolio. It is recommended to include Bitcoin (BTC) and Ethereum (ETH) in the portfolio, as they are key assets and symbols of the market. Dogecoin (DOGE), known for its meme status and supported by Elon Musk, can add a playful touch. Solana (SOL), which has been gaining popularity, and XRP, known for its 2017 journey, are also suggested. Litecoin (LTC), one of the oldest cryptocurrencies, and Monero (XMR), famous for its confidential transactions, complete the festive portfolio.

The starting sum can be divided among these top 7 cryptocurrencies in equal proportions or according to personal preferences. This gift serves as a symbolic introduction to the world of digital currencies, showcasing major projects with a reputation in the industry.

2. **How to Buy Cryptocurrency for the Portfolio:**
The easiest way to purchase a variety of cryptocurrencies, especially for small amounts, is through a cryptocurrency exchange. Binance, although not accepting new registrations for Russian users, is redirecting them to CommEX. Other platforms like Bybit, Huobi, and OKX

It's important to note that transferring one's exchange account to another person is not allowed due to usage rules. Creating a separate wallet is recommended, using trusted services like Trust Wallet, MyEtherWallet, MetaMask, etc. After transferring cryptocurrency to this wallet, the keys can be personally handed over during the gift-giving moment, avoiding the use of social media to prevent data theft.

3. **Desktop Ticker:**
An excellent gift for both novice and experienced cryptocurrency users is a desktop ticker. Resembling a clock, it displays real-time (with a delay of milliseconds) quotes for selected assets instead of time. Additionally, it can show profit or loss data for various periods, from a day to a year.

The ticker can be set to notify when a specific price is reached, changing colors and providing alerts. This is convenient for investors waiting for a price to exit a particular range. The ticker can be placed at home or in the office, connecting to WiFi and controlled via a smartphone.

Please note that in the cryptocurrency sphere, any mistake can result in significant financial loss. Therefore, when choosing such a gift, caution is advised, and seeking guidance from an experienced individual is recommended, especially for those lacking sufficient experience to perform necessary operations independently.

4.  **Hardware Wallet**

A great gift for an experienced cryptocurrency holder who hasn't yet acquired a hardware wallet (or needs another one). Popular marketplaces offer the opportunity to purchase devices from well-known companies specializing in hardware wallets, such as Ledger and Trezor. However, there are various other options available, including Tangem or SafePal.

With numerous choices, the selection will depend on individual preferences. Some wallets come with special mobile applications, making them convenient to use with smartphones. The gadget may feature a display (with varying sizes depending on the model), and some hardware wallets, surprisingly, offer recovery options even in case of device destruction or loss.

Different hardware wallets offer varying functionalities. For instance, the Trezor One wallet allows transactions to be conducted by pressing two buttons on the device, without the need for additional applications. The choice of a wallet will depend on such nuances.

5.  **Cryptocurrency Merchandise**

There is an abundance of T-shirts, mugs, paintings (and even paint-by-number kits) featuring cryptocurrency symbols. The selection of items is vast and available on the country's largest marketplaces. Gifts can range from serious to humorous, including chocolate bitcoins, pajamas with logos of top-capitalized cryptocurrencies, and more.

6. **NFT (Non-Fungible Token)**

A unique New Year gift could be a non-fungible token (NFT), and there are two scenarios: expensive and regular. For a high-budget gift, tokens from collections like CryptoPunks can be considered. CryptoPunks is one of the most popular NFT collections globally, with tokens sold at renowned auctions such as Sotheby's. However, they can also be acquired through simpler means.

To start, visit the Larva Labs developer's collection website and check if a specific token is listed for sale. Then, review the details, such as its recent resale value. For example, token #4139 was offered for sale in January 2022 for $211,000, while the owner purchased it in 2018 for $160. Alternatively, "punk" #4231 was bought in February 2021 for $80,000 and re-listed in August for $2.3 million. Similar prices apply to almost all tokens.

Other popular collections, like Bored Ape Yacht Club (BAYC), have a lower entry threshold. A unique token generated from 170 possible traits can be created for as low as 0.08 ETH ($180 at the current rate). However, for collectible coins, prices can soar to tens, hundreds, or even millions of dollars for an image.

For those who prioritize collectability over cost, NFTs can be acquired inexpensively on marketplaces like OpenSea. Countless unique tokens from less iconic collections are available there. After selecting an image, similar to buying cryptocurrency, it needs to be sent to a specially created wallet and then handed over to the person to whom you plan to gift the NFT.

It's essential to note that most NFT transactions are conducted in the Ethereum cryptocurrency. Therefore, before purchasing, it's necessary to acquire Ethereum, and this can be done using an exchange without the need to register on a cryptocurrency exchange. Choosing an exchange is convenient with specialized monitoring tools.

7. **Miner**

Another option of a cryptocurrency gift for the New Year is an ASIC miner. Now there are no problems with the supply of devices, so there should be no problems with the purchase of equipment for cryptocurrency mining. However, it is worth considering that ordering devices from China, especially the latest models, can take up to six months or more.

Understanding that ASIC miners can range from $800 to $5000, and these devices differ not only in energy efficiency but also in cooling methods (some ASICs operate on liquid cooling, requiring specific installation conditions), it's essential to research based on the budget and seek advice from specialists. Fortunately, several major equipment importers in the market can help in selecting the devices

Another consideration is the placement of the equipment. It's not feasible to install ASICs at home, as they generate a lot of noise and heat and require constant supervision. Therefore, it's worth considering where these ASICs can be placed under favorable conditions. However, this arrangement may be handled by the recipient of the gifted equipment.

**The Best Gift - A Book**

No matter how knowledgeable your opponent in New Year's cryptocurrency gifts may be, there's always something new to learn. The industry evolves so rapidly that even the most experienced individuals can get lost in certain aspects. Plus, there's always the opportunity to revisit the basics, such as blockchain mechanics or the history of cryptocurrency creation, when examined more deeply.

There is a vast amount of specialized literature on cryptocurrency themes, primarily from foreign authors. However, 'crypto for dummies' is still an option. A book is indeed an excellent gift, as cryptocurrency users can be gifted not only specialized blockchain books.

Books by Nassim Taleb and teachings on financial management, trading theories, and investing are suitable. The spectrum is broad, allowing a choice between legendary works like 'Reminiscences of a Stock Operator' and 'Japanese Candlestick Charting Techniques.' All of this falls within the given theme."

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