Bitcoin Forum

It's been always told to hold your bitcoin for long, it would be more valuable in future. That's the truth and I'm one of them who converted larger percentage of saving into bitcoin. but when i heard about a baby of my friend, suffer from cancer and he is helpless, then i transfer a good amount of bitcoin from my saving. I know market is bearish, time to buy more but step I've taken, is make me satisfied.

Edit:  https://bitcointalk.org/index.php?topic=5391063.msg59618951#msg59618951

And why did you transfer Bitcoin to him instead of transferring fiat? In my case almost nobody in my environment knows that I have Bitcoin and if I have to help someone, for example by making donations, I do it using fiat, not Bitcoin.

It doesn't make much sense to me to spend the good currency, the one that appreciates, and keep the bad one, the one that depreciates.

Since I don't believe all the stories I read in the forums like that at first, I've been wondering if this is another thread in search of merit. But since I have no way of verifying it, I will not believe one thing or the other.

I have never done it (give help to someone) with Bitcoin, around me people who understand how to use bitcoin are very rarely encountered, I did donate several times to around (beggars and houses of worship) but I had to sell the Bitcoin which I earn.

I have done it a month ago when russia attacked my country. The Minister of Digital Transformation announced the official crypto adresses to which donations can be sent. I sent my cryptocurrency savings. If you ask me why not fiat, but cryptocurrencies, I will answer that I sent fiat savings as well to the account of the National Bank of Ukraine. I believe that I should have done everything in my power to help my own country. In the conditions of war, cryptocurrencies cover another niche than fiat money, we can buy weapons for them much faster, especially after the legalization of the crypto sector in Ukraine. I felt that it was my duty, because crypto wallets to raise money for the army were created for those people who understand what crypto is and appreciate its importance.

If you're one of those holding old bitcoins, why don't you do it for whatever reason.
because what hospitals need is fiat. Do you have no cash so you transfer bitcoins to your friend whose child has cancer and your friend is involved with bitcoin, and if so I think that makes sense.
but if i were in your position i would transfer as much fiat as i can to help him and would keep bitcoins beyond my personal immediate needs.

That was a great move OP, is always good to help those who need it. I have done it in the past too, in this forum I have donated for the covid movement. And I have done some bitcoin giveaways in the Spanish section to give the chance to the users to get some easy coins.

In the past 2 years, the crisis was complex, and I had to take my holdings and help my family, I don't regret it, the money comes and goes, that's why I feel good to help when I can.

1. Bitcoin is recognized in my country (not fully yet).
2. My friend also trade with us in group. Most of us, only covert to fiat if need.
3. So He can do same convert processes what i could do for him. So he accepted bitcoin.
4. Always it Isn’t possible to visit anyone anytime due to distance.

It sounds more realistic to me now.

Definitely- when my local people here in the forum held a bitcointalk charity program, I was able to donate at least some of my BTC earnings from my campaign signature towards the noble cause of helping the ones in need. In addition to this, I was also able to help my friend by at least letting him borrow $1,000 worth of BTC for his hospital fees due to the unexpected death of his father.

The good thing about this is that, I never actually invested money or anything. All came from the proceeds of my campaign signatures in which I see it as a privilege for me to participate in.

I've been into alike situations that someone is helpless and I'm like their savior. But I've learned in the past that I won't be using my bitcoin into this type of help anymore because I've done it before. I don't want to let others know that I've helped a lot, mostly from my relatives but since we're in a forum. Most of those people that I've helped, they never paid me back. Yeah, it's a help but they've also said that they're going to pay. Well, it's been years since those incidents has happened and that's why I've learned.

Good move but we are always into donation just like the Ukraine cryptocurrency donation which is to help victims of the war, it will be better to do a cash transfer if you have the cash available instead of spending your Bitcoin in this recovery phase of the Bitcoin market. But in whichever way you have done well by giving money out to help a friend who is in need charity have vas blessings.

I have been in the same situation last year, but the good thing is that we are still in the bull run that time, so I immediately withdraw some of my bitcoins convert it to fiat and help my family members to settle some medical expenses. I think there's nothing wrong with it, of course our goal is to save as much as we can in the future, but there are things that is behind our control, that we don't have a choice but to take out some from our bitcoin stash.

Except for the call for donations in Ukraine, I have never helped anyone by crypto. The people I meet to help are mostly poor, sometimes I meet beggars on the street or families whose crops have been damaged by floods. I donate almost exclusively in cash, and I hardly have a chance to use crypto to donate. But I think crypto are mainly used for investing and accumulating assets, so people will prefer cash help over crypto. Geographical distance such as the war in Ukraine, we only use cryptocurrencies.

I think we need to define bitcoin help more broadly, not only in form but also in terms of source. Under certain conditions, bitcoin is not something that is commonplace so that people around do not understand its use. So you have to give them money from your bitcoins. Or in an urgent situation, someone cannot cash out bitcoins faster so here you are not only giving him bitcoins but also helping him cash out.

Imagine if you offer your friend 1 bitcoin loan for 1 month and because on the way he asks to be sent via a bank account at the current price (eg. $40k), then you can still ask to pay it off 1 bitcoin as well, not $40k bitcoin in the next month.

Agree with OP, holding doesn't mean forever. We are holding for our needs, we can sell it for our real-life in case we can't survive without selling. Usually, I don't sell cryptocurrency till I need fiat in real life. You did a good job of helping your friend. Doesn't matter what is the current price, the matter is it's been used for saving a life. However, I directly didn't help anyone with Bitcoin. But I converted it to fiat and help a couple of people. Because they aren't familiar with Bitcoin nor much educated. So it will be hard for them to convert into fiat, also there is a legal issue using Bitcoin in my country.

Yes, I did this when I was kinda new with this forum and had not any friends here, when the crisis of covid started in the world some countries had problems with supplying face masks and some other related stuff to stay safe from covid, also in some other cases I saw some people started selling face masks for expensive prices, so I started helping some people in some other countries with buying these stuff for their families, that was the first time for me to doing such thing.

I donated a small amount of bitcoin to Ukraine when the disaster first started taking place.

Luckily, I was not one of the folks that donated to the scam address under the guise of being a way to donate to them.

I have; it was somebody who comes now and then to this forum and was in need for real. It was not an overly big amount, still, from what I know it was of pretty good help.
But, as I said, it was all through this forum. I would not be so eager to send bitcoin to somebody I know personally, because "he has Bitcoin" together with "he affords to donate" can easily make people jump to wrong conclusions.

Using bitcoin for a good cause is something that can be presented to us at any time. I have also experienced it, I have helped my relatives who have suffered from economic and health problems.
In my case I exchanged bitcoin for fiat to help. I have not had to think twice when it comes to saying, how can I help? because I maintain the idea that emergencies must be attended to on time.
Bitcoin teaches us in many ways how we see the value of money. In particular, I can say that with bitcoin we can offer our best contributions in any field.

Every one had a difficulties in certain situations.We should move on with that situation.Even in credit situations,don’t ask all.Ask money from only few people mainly the close one.When we ask money,they all thing about bad situation in our behaviour.And I had helped many people with a less amount of dollars.The value is maximum of 1000 dollars,I had helped my situation.

In the end, people still got to convert it to fiat in order to practically use it for any common stuffs outside crypto. I did still send some Bitcoin to a friend overseas back then, as the remittance center here are quite distant and I would never want to pay for transportation especially these days also considering the charge fee are quite ballsy in here. If my friend was just by next door, it would be stupid for me to still help him by sending Bitcoin, lol.

A commendable thing that had been done although i havent done something similar because usually i do prefer on having fiat form whenever someone of my friends or loved ones does need up some
financial support yet ive been always thinking that it  would be a waste of coin if you do just simply give them or make out some conversions for that particular manner.

This isnt shows on being selfish but we are talking about investment on which you could really benefit later on.As for your situation then your friend would still need to make out some conversions
before he could make use of that but if he's fully aware on how to convert those then it wouldnt really be a problem.

I don't know what my friends would say if i helped them with crypto donations. But there are many cases where crypto donation, or bitcoins, helped people. I have noticed the favorable effect of using bitcoin for donations in Ukraine. In my opinion, bitcoin as a global payment system is in its early stage. Currently, it is used mostly for trade purposes and gambling. And we should consider it first of all as payment system that can be used as an alternative to traditional payment systems like Visa, Mastercard, Skrill, etc. But it could become more popular as it is accepted in more countries and adopted in the developing economies.

What a good gesture by OP, I admit your kind gesture is commendable. I have helped many people in needy situations but not with bitcoin or crypto. This is because people around me are not interested in crypto. But the help I render with bitcoin is introducing bitcoin to people, which I feel is a very big help. Showing someone the way money is going in the 21st century is a help. Especially when the fellow becomes very financially literate in the society. Teach people bitcoin!

In our society today it's very risky doing Bitcoin donation in the open. because you are putting yourself at high risk considering how high bitcoin price is at the moment. If you must do a bitcoin donation it must be an anonymous donation and as long as the recipient knows he is receiving a donation from you then fiat should be the best for security sake so that your charity won't be used against you

I can say, you're one of a kind friend who's willing to help a friend without any hesitation, especially that we're here to invest in Bitcoin and we all knew how valuable every fraction of Btc is.
The only time I'm helping a friend with Btc transactions or any other crypto transactions, is when they have a stuck withdrawal and they need to have an extra fund for the transactions to get through. I did it like more than 10 times especially for those who's not really familiar how gas/tx fees works.

There is no reason to justify these types of stories, you believe in them or not, it's that simple, it's like the same thing you mention, helping others, there are no conditions when you want to help, it's not about bitcoin or Fiat. If it is bitcoin launch the help and if it is fiat the same.

Yes I help some with my earnings on crypto back when I was earning a good amount from it.
I also help some of my friends by introducing crypto to them they earned from it by joining airdrops and trading,
There are also who just came into crypto because of NFT games and I tried to guide them as much as I could and share the information's that I know to help them.

I’ve done a good bit of helping people with bitcoin Over the years. I’ve held a couple charity auctions here on bitcointalk and I plan to host a charity auction for those in Ukraine before long. Sure you should always save money/bitcoin but it’s important to give back as well. Good for your for giving back to help your friend! Keep up the great work.

most often the help I do in the form of bitcoin and altcoin is when some friends don't have enough fees/gas to make a transaction and beyond that I can help neighbors and relatives in the form of fiat which was originally in the form of BTC when they needed funds to cover a bank bill and the others

If your friend is into Bitcoin its not bad for you to send him bitcoin.  But if he has not use bitcoin before it doesn't make any sense for you to send him bitcoin because he may find it difficult to convert it to fiat. It would have been better for you send him fiat currency because am very sure that the hospital do not accept bitcoin for payment of bitcoin.

               I have. So many times that I could barely even remember how much I gave all in all or how much oer person. The thing is, most of the people I helped are people that I know. Like a fried or a friend of a friend. I rarely help those people that I do not know. The ways I help them depend on which is convenient for me and for them. Sometimes through btc, sometimes through several altcoins, while at some times I do the converting my self and give fiat or buy the stuff they need myself depending on the situation. Because at times, the one I'm helping isn't familiar with this industry while some are unable to go around buying what they need, sick or in a hospital.

If your savings are in Bitcoin, it's a great thing that you helped your friend's child with it like this. I think it's the right thing to do, to help people when they needed, regardless of whether the market is bearish or bullish at that time. As for my case of helping with Bitcoin, I transferred some BTC to a Ukrainian fund that helps the army. I could do it with fiat, but decided to go for Bitcoin, actually. Because it's good to send something I support and care about, for one, and also because using Bitcoin for good things helps improve its reputation.

I remember I think it was this new year or Christmas holiday that I did a Bitcoin giveaway to all my close friends, it's like I posted on my social media account asking to drop their Bitcoin wallet address.
It was a good move for me because even a small amount of Bitcoin, it's already huge for them and it will also help to spread the popularity of Bitcoin to other people.

I never transfer Bitcoin to anyone because many people I know don't know about Bitcoin. but if to help my friends or relatives with the results I get from Bitcoin very much, I exchange it to Fiat and then give it to them, I think it's enough to make me satisfied because I can help the people closest to me even I don't want them to know about how I am get it all, because I think those who need help don't care about all that.

That's a very nice and I believe the person will really appreciate you have done well and also wish the baby a quick recovery.
Have not really donated with bitcon or make any payment with bitcon before I can't really wait for the day I will buy something and pay with bitcon or when I will donation with bitcon.

Transferring fiat to them I think it's still more practical. We don't necessarily have to transfer bitcoins or altcoins, I find that rather gimmicky and impractical. as they will eventually exchange for fiat to use for their purposes. Like OP's case, he is at the hospital and what he got is bitcoins, what if the hospital doesn't accept bitcoins?. It takes him longer to convert them and sometimes market volatility makes the price lower than he really wants to use.

Well, I myself would appreciate if someone would give me even just a little of Bitcoin they have since the price would always appreciate someday. I did this one time helping my friend when he needs some money although I can't send fiat to their place which would cost me some time before I get there if I go. So, I just told him that I will just send Bitcoin instead of cash since it will cost me more time and trouble since I'm busy at the moment.

Just using your phone plus the internet it's too easy to send money back and forth without the trouble of following long lines before you could send some money to someone.

That's a good initiative. Some people might say that it would be better if you would send them fiat but no matter what the form of help is, I'm sure that they would still appreciate it. I've done it to a friend whose house has been burnt and I didn't regret sending Bitcoin instead of fiat. It still helped their family a lot and that's too important.

i also once helped a close friend of mine who also happened to often do bitcoin transactions, at that time he borrowed money from me because he happened to have an accident ^{(when he was on vacation)} and his bag was lost but his wallet and smartphone were still in his jacket pocket, he asked me to send a few thousand bucks but at that time i did not have some cash on my ATM, i sent him some Bitcoin, the transaction was processed quickly.

That story OP wrote might seem far fetched, or even a merit-fishing tactic (and maybe it is)  but I did similar thing more than once, I sent BTC to people in need (orphanage and some humanitarian organizations). The only difference is that I was sending BTC and they were receiving fiat as it was done via Paycek (https://paycek.io/), which is popular crypto payment processor in my country. I could have sent fiat instead, but I simply wanted to do my part when it comes to Bitcoin adoption.


I think that there is nothing wrong with using Bitcoin for what it was initially intended for. After all, use of early adopters brought us to where we are now. I don't advocate spending absolutely all your BTC  if you have loads of fiat lying around, but there is nothing wrong with spending some of your BTC every once in a while as that way we do our part (no matter how insignificant it may seem) in helping with Bitcoin adoption.

Can relate although here in my country, it is a little bit different where I use Coins PH mainly as an app to send BTC to other people as well. It won't hurt to use it instead of fiat if it brings that much convenience for you. When it was the first few days of pandemic, it is the most used app for me instead of the other traditional digital payments that were widely used in here. There were people using other apps like GCash, but it's a meh for me.

I feel like I help people by telling them about Bitcoin and the opportunities ahead. I don't give people Bitcoin but I tell them how they can earn it and profit. There's a saying that if you want to help a hungry person don't give him a fish, but a fishing rod. I'm always ready to explain bitcoin to people and help them set up their own wallets, exchange accounts and anything else. If someone comes and asks for money the answer will be no, unless they can help me with something and get paid for it.


His story could be true, but telling everyone about it is like begging for attention.

With due respect
maybe you haven't notice another comment of mine and him


Its fair to blame and negative speech for me cause No way to verify. but does it mean, all upcoming stories are false including mine? Actually Sometimes we share our story with others So that some good works give us satisfaction. But i think its better to lock the thread. Thanks and respect to all who helped people and keep donations