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tldr; Traffic from Google Search - 1000 visitors to your site.
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Most of us though would love to sell we just don’t do it. This is simply because we want to save the cake and eat it too! However, for a long term investor, when he gets the price right, he sells. This could be a considerably good profit or it could be a value with which a need of his could be fulfilled. But in addition to these aspects, there are far more intricate market related aspects that are taken into consideration by a day-trader before selling. The day-trader simply wants profit. It is important how much profit he makes at every sell but it is more important what he made at the end of the day. Strategy, analysis, planning and control, all of these count. The selling begins when the value of the coin starts shooting above the break-point. In this bullish graph, maximum benefit is reaped by the seller. It is important to note that selling is a continuous process. One begins selling as soon as the graph shoots above the break-point that the trader had marked. When the graph hits a pinnacle until now in the coin’s life or for that particular day, maximum selling should take place until a significant resistance is noted. When resistance ensues, one can actually wait and watch after reaping the benefits to the heart’s content. When will this pinnacle be reached is nobody’s guess for we cannot predict what the market does. We simply go with what the market asks us to do. So one has to plan very clearly one’s sells. The points and the value at which one sells is important. It is true that the earnings of a day-trader is calculated day-wise. But it is fine to wait for a day or two and compensate the earnings with better gains. If you have lesser coins and feel that the market will head even further bullish the following day then you may hold for the next day. The one who studies the market thoroughly will be able to control his selling in the right way. And also when stagnation ensues around the break-point, it is better to hold the coins. When stagnation ensues at the pinnacle, one has to understand the behavior of the coin from its past patterns and take a call to either sell more or hold by expecting the market to soar further higher. But one important advice is to hold some coins always as part of investment as well as to be ready to sell when the market takes a sudden higher flight.
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Honestly, many people seek cryptocurrency more because of its volatility. Whether they do it consciously or not, they wish to make large money quickly. This can happen only with a volatile market. Further, we find a lot of newbies even in this forum feeling bad that they lost money or they could not make money as value of BTC has not risen much especially with the expectations being high after the 2017 last quarter. Seeking such profits is not bad but before investing I feel there is a need to prioritize the needs that could be fulfilled with such an investment as BTC especially if you are looking to make money soon rather than keep BTC as a long term investment.
This very motivation and idea behind the investment will speak volumes on the reaction of the investors once the market is down. Strangely, many people do not sell when the market price is high and even when their purpose of investment will get fulfilled. They wait for the price to soar even higher. And if the value starts trickling down, they still hodl and wait for the price to move beyond the point where it had last peaked high. But again, when the market is in a steep downfall, instead of buying, many people will start panic selling and end up in loses. Many a time we find this even in the new threads and discussions even within our forum.
So what it is that makes you invest in crypto? Is it because it caught your fancy? Is it the volatility? Is it because there is a need to fulfil in your life? IS it because you are a day-trader? Or is it fun?
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I am curious to know if someone continually invested a lot of time in studying a game involved in gambling, further if he had played the game a lot to understand the intricacies involved, then can we call him an expert in that gambling game? If we do call him an expert then we clearly differentiate his experience and expertise from that of a novice. This clearly shows that the person is capable of winning more as an expert than the novice who really does not have the in-depth understanding of the play.
This brings us to an interesting question if hard work in gambling really pays off? If one puts in a lot of efforts to understand a game involved in gambling, does it mean that all his time has gone down the drain? Certainly no. If gambling were simply a blind guess or a wild shot then even years of studying it makes it useless because one is simply guessing the outcome blindly. But such is not the scenario with gambling in reality. What makes hard work count in gambling?
This further sets off the question of addiction in gambling. Work can also be an addiction for many. But here the addiction could be for perfecting the game and the art of playing. This kind of addiction is to struggle every time for success by proper calculation and review. However, addiction can also be due to pure greed of winning with no clear knowledge of the game. If hard work counts, then we may actually find a solution for a healthier addiction towards success in gambling.
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As a day trader it is regular profit that stands as my constant motivation. Profit in terms of a 'good investment' as well as that gained through a 'good sell' need to be cherished as these are the things that make us a professional trader. When it comes to buying a coin there are a lot of people who simply buy not really looking into the market on the whole and particularly the market of the coin of interest. Because of this many a time most commonly we find that people spend more money buying and selling at wrong time. Here is an infographic I have prepared. Please write your comments/suggestions if it captures your interest  There are a few criteria that one must look into prior to investing in a coin. • The coin should have good utility. • It should be a product of a good team with decent market cap and volume of trade. • The market should show significant volatility. • A good opinion on the coin from experts and other traders. One can take the above points as a reference. One should always look into the market’s behavior before, during and after investment. To buy, it is best when the market is going down and experiencing a slack in growth. However, you as a trader should also buy when the value of the coin has hit a fresh low breaking its previous base. These kinds of quick buys and sells are sure to give short term profits in a big way. Keeping the above prerequisites in mind one has to take right calls. • Buy when the market is slacking and is in a downfall. • Keep buying when the market has fallen below its previous base. You can however take a risk from the above rules only if you have studied the market of that particular coin thoroughly. In such cases, the early stages of the value shooting upwards can be utilized and bought knowing full well that there is a bullish curve to set in based on thorough analysis.
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With addiction as a side effect of gambling, I do wish to know what exactly the success rate of your gambling is. How many times have you not found yourself facing simply losses and that you still pin hope on success?
Gambling allows you to think that you will win every time in spite of the losses that you incur. You feel that success is just missed by a margin as thin as a hair. Every time you lose, you do feel that success was almost there and you could have had it almost certainly. And since it was almost a success story just missed by a very thin margin, you do not mind going in for another try only to miss again by a thinner margin! One success and you are happy. But does it stop? No. You feel that your efforts have now borne fruit and here onward you will surely win every time you take a shot in that game. But what happens? You lose again by a margin thinner than the previous time.
In this way we are lured every time for that success almost at hand, which we saw but could not get hold of. And we try time and again because it is so near. The truth is that you will find you end up losing everything in the hope of laying your hands on that success. Only the extremely self-controlled man will stop himself from further gambling the moment he tastes success.
True, many times one success can compensate for all the losses incurred. But what we miss is that that success itself is extremely rare. It is not a bad thing to have hope. But hope serves when we work hard towards success not otherwise.
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I was looking at the possibility of investing in several Altcoins as part of my trading by selling off Bitcoins. I do feel that with proper planning and execution, the profits that could be reaped through these Altcoins by day trading in a week would be far superior to that of Bitcoin.
It is true I am talking in terms of a short term gain. BTC is certainly a long term investment but what about the short term gains? As an example, even if I invest in 1000 coins of IOTA or 10000 coins of NEM, I am assured of greater volatility in the market for these coins compared to that of BTC. If NEM makes a high on a particular day even by 0.05$ USD, I would make 0.05x10000 = 500$ USD in a day if I sell all my coins at that price.
Of course, trading does involve many other practical factors which make things not as simply as I write here. But being a pro I can simplify the complexity and say that it is certainly possible to make it so.
But will this not be a way to make decent income every day? When you invest in cryptocurrency, it is a need for one to continually observe the market trends. When one is able to understand the intricacies of the market then it is better that he takes up (day) trading.
After all it is important we make money on a regular basis apart from the long term investment isn’t it so?
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Bitcoin can certainly be considered as a currency but now with heavy investments, it is also a serious asset that people own. It is an equivalent to property or gold for that matter. With more trading and investment in this digital currency, the value is only soaring higher and higher. No doubt, we may as well see a new high in its price this year.
But what gives this invisible Bitcoin its value? It is most sought after asset now with immense money being invested. Is it the nature of it being a currency or the nature of it being an investment? The most interesting thing is that most people are gradually shifting towards the use of this decentralized currency. It is true that the comparison with fiat currency draws its estimated value. But the large investments suggest that it is going to grow only bigger and bigger in size and stature.
As BTC is becoming more and more used, the markets take to a compulsion of accepting BTC as a form of currency in exchange of the good and services. It is indeed interesting to note how Bitcoin in spite of all criticism is only proving to be that of a great success.
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When Bitcoin is being used to propel different kinds of industries for the ease and benefit of all, it is important that we consider the aspects of realms which are prophylactic and curative in nature. One such important aspect to be considered is Disaster Management. Disasters are natural and sometimes man made. Many times the reasons for natural disasters too are attributed to man made events. And these need to be averted and managed.
Bitcoin can be used as an investment for helping in the times of disasters that nations/people have to face. As we all find Bitcoin presently to be more of an asset with a soaring value, the investment of this asset for crisis management will prove beneficial. When the citizens of the world contribute to the welfare of the nations bypassing all boundaries, there is nothing greater a gesture of love than that.
With our efforts to break all boundaries in the use of cryptocurrency, we may as well give Bitcoin a high pedestal. We all know that Bitcoin came into existence during the turbulent times of world financial crisis especially induced by the banking sector. Now apart from averting financial crisis, we can also try managing the natural disasters.
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Another idea that comes to me is that of the possibility of a Bitcoin Mortgage. It is indeed a difficult task especially in terms of execution of such an idea and upholding the agreement of mortgage. But the idea is possible. Consider gold mortgage. When you deposit it for exchange of money, a certain value is assigned to it and a sum is provided to you. You will return back the money to get back your gold. In the same way can BTC morgate happen?
The BTC is held by the money lender and returned once the full sum with interest and whatever be the part of the mortgage agreement paid. In case of a failure of repayment, the BTC will be held by the lender. Certainly the risk is involved for both the parties. For the lender, the depreciation of BTC value during mortgage will be the problem. For the mortgagor, appreciation of the value during the mortgage will be the problem. In such a scenario the agreement needs to be carefully drawn.
But the whole idea is not to sell the BTC. Just like depositing gold to gain some money only to be repaid to get back your gold. The idea is that in the long run, the returns from gold or BTC in this case is more rewarding. The question one can ask is that why not sell small part of the BTC? Well, as we know we wont do it, for the reason is volatility. You may have to reinvest more to get back the same amount of BTC that you sold. This will be a loss indeed.
There are certainly a few lending platforms that are on the rise using blockchain technology which is great. The idea is to explore the possibility of its expansion into the world outside crypto. So you mortgage crypto for a gain in the outside world.
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It is important to double our investment or at least make significant profits in a given period of time taking advantage of the crypto-volatility.
With the high volatility as well as the price of BTC, not many would like to trade it for profits. Since the value is very high it is imporatant for many to hodl. However, what one must realize is the fact that the amount of profits that they would be making through BTC investment may not be doubled as in case of Altcoins.
With a price of $8500 around for each BTC now, let us assume you invest and leave it untouched for the next 6 months just closely watching the markets. Post 6 months period if the value shoots like the last quarter of 2017 to about let us say $17000, we can consider that we have made a 100% profit and doubled our money in a span of 6 months. But practically this may take a year or this may happen next year!
But if we take a moment and think then we can really see that the Altcoins which have a far lesser value attached to them and have perhaps a slightly greater volatility or at least as much as that of BTC. In such a situation, say you put $1000 to buy a coin like NEM at a rate of 0.6$ per coin, then you may perhaps find that you can actually sell your coins when its price hits the 1.2$ mark or even if it shoots to 1.8$ as it had happened recently in January.
This actually will give you 3000$ which is a 200% profit. Now, this peak may not happen everyday but you must watch the market carefully because this happens 'frequently'. Consider you invest all your 8500$ (that you would invest in BTC) into NEM or any other good Altcoin or a combination of coins, and if this kind of a 200% or even a 100% profit is made in 2-3 months, which is certainly possible, then you would end up making the same profits that you would make in BTC that too in 2-3 months. You can collect your profits and re-invest back into the market the initial $8500.
What I wish to suggest is that if you have the intention of selling or making money, it is important that you consider Altcoin seriously, because the risk is lesser and profits greater. BTC is for those who can afford to pump in a lot of money and for those who wish to INVEST rather than make definitive profits in a certain period of time.
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Now that the BTC price recently hit a bottom of 6000$ (USD) people had been waiting for it to go further below to buy. But no, it went up again. It touched over 7000$ (USD) today. Now some people are wondering if this was the time to buy or wait a little more for the price to plummet to 6000$ once again. Well this inertia is not helpful for any investor and certainly one can never be a trader with this mindset.
We can never know how the market is going to move. But certainly you can comprehend what is a safe zone to buy. To think of buying when the value is in the ascendance will prove to be a mistake. You had missed the opportunity when it was low by waiting for it to move further low. You may at the most buy early in the ascendance to make up for the opportunity lost. Every buyer has a price in his mind. Say you wanted the price of BTC to be 7000$ to buy, when it was actually $17000 last year, now you have the opportunity. And you should buy.
Trends of a stable coin like BTC needs to be analyzed and studied from a longer time frame. At least a 3 months to 6 months period. I would certainly say that you can never have absolute profit like buying at the bottom-most part of the graph (lowest value) and invest. Its very impractical. To use an analogy, even a Tennis superstar ranked No. 1 may lose a set to a junior contender in the Wimbledon. You cannot expect him/her to win straight sets all the time. You cannot expect a maximum profit all the time.
Any profit from what you have invested is a good one. An investment that lead to a profit is a good investment. This is the first rule. The fine tuning of the margins of the profit comes later. If you wanted to buy BTC at 6000$ or 7000$, I think you should do it now before it is too late. This would be a good position investment. We already know the trend of Bitcoin's stability around $10000. It is sure to reach there and ascend.
And when it comes to selling, this is not the time to sell. There may be panic but it is important to hold and wait for the right opportunity, time and need.
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Well I have been thinking of this possibility of expansion of Bitcoins use to such an extent that one may simply travel with hands in one's pockets! That should be level at which the ascendance of cryptocurrency should be and towards which we as a community should work.
The very fact of travelling will include more than one fields of business into its fold. Flights, eateries, pharmacies, hotels, rooms, restaurants, shopping stores, movie theatres, book stores, gyms and fitness centres, taxis and buses. This is not just a dream but a goal that we should try to reach.
I am not necessarily promoting a cashless & cardless society but cash & cards can simply be an alternative. All you may need with you is your cell phone and ID card to move all around the world. Into such a morning of sun shine, I am looking at. But gradually what turns out is such a cashless and cardless society with eases lives.
The world has become more and more cohesive and smaller. Getting knitted closely together. Like the evolution of species, cryptocurrency has evolved from various different ideas to a superior manifestation. And today though slowly but steadily we are finding the shift towards it. It is in near future that we may find the world being defined by whole new parameters of currency, economy and development to which cryptocurrency and especially bitcoin will be an integral part.
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There have been reports periodically of governments and countries being apprehensive of using cryptocurrency. There have also been news of banning ICOs. And with some criminal events associated with bitcoin transaction being surfaced once in a while, many countries and people across the globe are apprehensive of the potential of cryptocurrency. Along with this, the lack of a good opinion and comprehension of the working of blockchain system keeps many states skeptical over the success of cryptocurrency.
In order to change this if the members of the states officially introduce Altcoins / ICOs and enter into mining what will be the impact in the crypto ecosystem is something that would be interesting. This perhaps can also reduce the fear of absolving a particular coin because the state keeps pushing for the survival of their coin. In such circumstances the preference to trade and invest in that coin becomes greater for all citizens of that country and other countries as well especially because of the stability factor.
This would bring us to a situation of 'recognised' coins which can be trusted. This can perhaps bring a newer dimension into the whole ecosystem and perception of cryptocurrency. This will also pave way for people recognizing cryptocurrency as a serious alternative to fiat currencies and crypto use gets more prevalent.
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It is one question that comes to the minds of people, who are not day traders, most often in one form or the other. Looking at the soaring value of a bitcoin people make and have made a 'general' investment in bitcoins. There are again others who invest for a particular purpose like their children's education or to buy a property for instance. But whenever the right opportunity comes and when they want to sell, they are hesitant. This may be out of greed that they may miss out on even greater profits.
A long term investment is to meet the long term need of life. Throughout life there are needs. Even after the person dies, it appears there are needs hence insurance has become important. In such a scenario people do make investments for bright and secured future of themselves and their family. And this is necessary.
When such an investment is made in bitcoins, there is a chance that bitcoins may in fact prove worthy of their expectations and soar to a value that the investor initially desired. At this juncture, the investor can sell the bitcoins and choose to fulfill his desire. But most times he is tempted not to sell looking at the growth of bitcoin.
If selling the bitcoins he has invested for this purpose was the only way to fulfill his purpose, the investor of the present times seem to have been caught in confusion as to whether sell or hold.
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In many of the countries Bitcoin trading is being banned or being declared illegal. There seems to be news floating around that Bitcoin and cryptocurrency per se will not be held legal in some country. This is not a good sign for us, but we must remember that this is because of the deficiency in crypto outreach. And that when developed countries and countries where cryptocurrency is a trend, hold bitcoins valid over a period of time, there is a chance that the rest of the countries will imbibe it officially after looking at its success.
What matters now is that we need to bring right system in place that will help us project cryptocurrency as a genuine alternative to fiat currencies and that it is more transparent, easy to transact and unites people beyond boundaries for exchange. It is most important to see the potential of cryptocurrency to unite all countries.
There appears more of a fear that has crept into society with the use of bitcoin from various standpoints. It is important that we need to build ways where cryptocurrency is not just an asset to be held for making long term gains but also a currency to be used in daily life. As on today there are problems with transaction fees and the slow transaction frequency but I am sure we are stepping into a phase where we outgrow these limitations.
Needless to say, we need to appreciate people who always make it a point to transact using bitcoins as and when possible and feasible. I am not saying that we need to sacrifice to help our bitcoin ecosystem but we need to actively participate and push towards its acceptance by world citizens in the long run.
Fear needs to be removed and we need to think of areas of education and high school where blockchanin technology and cryptocurrency should be introduced. Parents need to teach children of this alternative and more transparent currency. Further, we need to have good vigilance and security to win confidence on the use of crypto coins. And most importantly we must try transactions with cryptocurrency, with altcoins atleast if not Bitcoins, as and when possible.
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I do not think it is good if too many coins keep coming in a short span of time. Many times people cannot uphold a coin for a long time and it ends up into oblivion. There are some scammers too who pop up at times.
These can be avoided if the introduction of a coin is regularized. However, this is not easy and it comes as a collective responsibility of our crypto community.
When there are way too many coins fighting to occupy space and success it may not be conducive to the digital market. The demand for only one existing coin may be so much that the others will have to be withdrawn from the race because there is equal distrust with all new coins.
When a structure comes into existence and when there is a serious regulation in place then I feel doors will be automatically opened for new coins. There should be a balance and investment should be made after thorough analysis of the ICOs.
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Hi All! This is Leo Ruhiel, a.k.a. ImAdmirer. I'm a Trader by profession, Crypto supporter and an active contributer to the forum here. What is this thread about?I am giving a Free Report to my upcoming Cryptocurrency Masterclass. I'm going to release the free report on 5th of January, 2018. I am limiting this to 100 members only. If interested:1) You may sign up here -> http://imadmirer.website2) Post a comment about this Free Offer, on what you think about and expect from my upcoming Cryptocurrency Masterclass. This would help me further refine my training curriculum to suit you best. 3) Tweet or Share on Twitter/Facebook about this thread or about my Free Offer to Cryptocurrency Masterclass. 4) Reply to this thread in the format below:- Yes, Leo, Send Me a Beer!
BitcoinTalk username: BitcoinTalk Rank: Bitcoin Address: Ethereum Address: Tweet/Facebook Post Url: It is to help my fellow members of the cryptocurrency ecosystem that I am launching this most unique training camp, Cryptocurrency Masterclass. You may be a novice or you may be an expert in this subject but our goal is the same, to make crypto coins as soon as possible and as many as possible. Well, What's in it for me?This free report will widen the horizons of your thought, bring in newer dimensions and inspire you to seriously pursue your goal of making crypto coins from day one. It is YOU who will work for yourself spending the least amount of time in a month to earn those crypto coins. When you know how to earn, you will be unstoppable. The key to your future will be in your hands. Why should I get the Free Report?A lot of people spend most of their time in collecting and working on microtasks and on faucets ending up nowhere in the struggle of making crypto coins. With the volatile and sky hitting price of bitcoin, the chances of buying and investing is becoming narrower for most people. The Free Report is a guide for you to understand and expect what is offered in my upcoming Cryptocurrency Masterclass. What is Cryptocurrency Masterclass?This new year I am going to bring the Cryptocurrency Masterclass to your doorsteps. This is the most awaited training camp for earning 'crypto coins' without having to buy them. You need not be an expert nor should you spend time exploring different ways. The knowledge I give you is enough to make you earn 1 BTC in a Month! That's right and that's my mission. Cryptocurrency Masterclass is a blueprint, contains stepwise guidance with its First Mission to make you earn 1 BTC / Month. This training camp allows you to explore the unique opportunities so easy to make you fill your wallets in no time. Are there any hidden costs, OTO's & affiliate promotions?There are no OTO's (one time offer promotions) and you are not going to receive any affiliate promotions from me! Let me tell you this is an optin and 100% as per your choice. All the 100 members who have opted in will receive the Free Report on 5th of January, 2018. huh, I'm interested, now what?Cool, all you have to do is... 1) Sign up here -> http://imadmirer.website2) Post a comment about this Free Offer, on what you think about and expect from my upcoming Cryptocurrency Masterclass. This would help me further refine my training curriculum to suit you best. 3) Tweet or Share on Twitter/Facebook about this thread or about my Free Offer to Cryptocurrency Masterclass. 4) Reply to this thread in the format below:- Yes, Leo, Send Me a Beer!
BitcoinTalk username: BitcoinTalk Rank: Bitcoin Address: Ethereum Address: Tweet/Facebook Post Url: How to contact you?If you have any questions, please feel free to comment on this thread. You may also contact me on:Telegram: @ImAdmirer Twitter: https://twitter.com/ImAdmirerEmail Contact: http://imadmirer.website/contact-me Always to your success, ImAdmirer
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Yes, I certainly feel that the option of bitcoin should be opened up for insurance and healthcare schemes.
1. Healthcare: For healthcare there has to be an option of paying through bitcoin in hospitals etc when needed. It is true the payment can be made via fiat currency conversion. But is is always important to have the Btc option. This channel of payment, when it gets opened to all parts or at least most parts of the world then a direct Btc transfer will be a great relief. Payment can be made from any corner of the globe. This will avoid the unnecessary burden of fiat conversions.
2. Insurance: Insurance schemes should come up with Btc accommodation. Bitcoins can be charged to be the mode of payment for insurance companies. They may even come up.with schemes where payment has to be done in bitcoins in exchange for their services. Since the value is volatile, the companies for.a certain period of time repay the customer the value of bitcoin that overshoots the agreed value of investment as 'cash back' scheme. After the cashback time end, only the insurance will be covered for the customer as usual. This will help a lot of people as an investment in healthcare.
These ideas need to be taken up seriously for active implementation of bitcoin in various important sectors. Strong acceptance followed by proper regulations can help make wonders with bitcoins. It will become most loved commodity and currency of the citizens of the world.
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The point is to keep a bitcoin separately for donation to the poor. Donating a bitcoin directly will make sense if the receiver is aware of the functioning of bitcoin and Cryptocurrency. A poor and / or needy man can be sometimes an educated man or a knowledgeable man who is struggling to meet his ends. Bitcoin can otherwise be encashed and given to the poor.
It is always better to think big. I would rather create a trust or try to invest in healthcare or education of a poor child. All quick helps will not last long. Educating one child by spending a $25000 or more will reap great benefits to the society in comparison with feeding a whole lot of people once with the same money. Though it is not bad to feed but it is better to invest in a system that more than once continually feeds.
Yes I will donate Bitcoin to the poor and needy the way I feel is best useful for them. One percentage of the income can always be set aside for donation. After all, life is short and it is best to help as much as we can.
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