Spinning a magnet inside a coil of wire

If you spin a magnet inside a coil of wire, but not perpendicularly with the coil, then:

Nothing will happen

Nothing happens if the magnet is inline with the coil of wire.

To enable the induction of any current in the coil, the ends of the magnet must pass the coil perpendicularly:

The induction of current only occurs when the magnet is spun perpendicular to the wire.

Another similar way to generate electricity using magnetic induction:

Another method to induce electricity.