How I managed to boost the Bitcoin economy at zero cost

[Shawshank]

For those of us who are not great spenders and are not into the latest gadget it is sometimes difficult to spend our stash of bitcoins. Well, now I have found a way.

I have cancelled my 9 year running subscription to a non-profit for 180 euros per year. I will need some self-discipline to keep my donations going, but for sure they will be only in bitcoins.

[Shindo1988]

For those of us who are not great spenders and are not into the latest gadget it is sometimes difficult to spend our stash of bitcoins. Well, now I have found a way.

I have cancelled my 9 year running subscription to a non-profit for 180 euros per year. I will need some self-discipline to keep my donations going, but for sure they will be only in bitcoins.

Erm....
What?
I didn't get it....

[medUSA]

I believe OP has cancelled the auto donations in fiat, and now donate manually to the same non-profit organisation in bitcoin. Hence, will need some "self-discipline to keep my donations going". OP is accelerating bitcoin flow and he is spending the same as before.

[1Referee]

For those of us who are not great spenders and are not into the latest gadget it is sometimes difficult to spend our stash of bitcoins. Well, now I have found a way.

I have cancelled my 9 year running subscription to a non-profit for 180 euros per year. I will need some self-discipline to keep my donations going, but for sure they will be only in bitcoins.

Is that the same non-profit org accepting Bitcoin and you now use that option, or simply left it to donate to other causes who do accept Bitcoin?

[neoneros]

Do you spend it directly from bitcoin to the non-profit organisation, or is a fiat to bitcoin to non-profit way of donating?

[Shawshank]

For those of us who are not great spenders and are not into the latest gadget it is sometimes difficult to spend our stash of bitcoins. Well, now I have found a way.

I have cancelled my 9 year running subscription to a non-profit for 180 euros per year. I will need some self-discipline to keep my donations going, but for sure they will be only in bitcoins.

Is that the same non-profit org accepting Bitcoin and you now use that option, or simply left it to donate to other causes who do accept Bitcoin?

Do you spend it directly from bitcoin to the non-profit organisation, or is a fiat to bitcoin to non-profit way of donating?

The non-profit I was subscribed to does not accept Bitcoin donations, so all payments were done in fiat every month from my bank account. I will need some self-discipline because payments will not be withdrawn automatically in a monthly basis but whenever I feel it is appropriate, and only in Bitcoin.

In fact I have already donated to the Wikimedia Foundation a couple of times in the last year, but now that the membership to the old non-profit is over, it will be easier to fund the projects I like and, at the same time, I will be able to further support the Bitcoin economy.

[Kakmakr]

It will even be better, if we cancel all subscriptions to even our daily and weekly and monthly magazines and inform these people, that we would only re-new it, if they accepted Bitcoin as a payment method.
The companies will only accept BTC if the clients demand for it to happen. ^frustrated^

[sgk]

It will even be better, if we cancel all subscriptions to even our daily and weekly and monthly magazines and inform these people, that we would only re-new it, if they accepted Bitcoin as a payment method.
The companies will only accept BTC if the clients demand for it to happen. ^frustrated^

And what good is it if they're just going to sell those BTC right away and turn them into fiat again, by creating large sell walls everyday?

Remember the price fall for BTC started and got worse when large merchants (Overstock, Dell etc.) started accepting Bitcoin? They did not actually hold or used their BTC, rather they converted them to fiat 'on the fly' using services like BitPay - which caused large sell walls.

[turvarya]

It will even be better, if we cancel all subscriptions to even our daily and weekly and monthly magazines and inform these people, that we would only re-new it, if they accepted Bitcoin as a payment method.
The companies will only accept BTC if the clients demand for it to happen. ^frustrated^

And what good is it if they're just going to sell those BTC right away and turn them into fiat again, by creating large sell walls everyday?

Remember the price fall for BTC started and got worse when large merchants (Overstock, Dell etc.) started accepting Bitcoin? They did not actually hold or used their BTC, rather they converted them to fiat 'on the fly' using services like BitPay - which caused large sell walls.

So, if Overstock wouldn't have started accepting Bitcoin in January 2014, we would still be at the ATH of ~1000 USD/BTC?
Sure, that makes a lot of sense

[LiteCoinGuy]

I believe OP has cancelled the auto donations in fiat, and now donate manually to the same non-profit organisation in bitcoin. Hence, will need some "self-discipline to keep my donations going". OP is accelerating bitcoin flow and he is spending the same as before.

iam doing the same since 2 years. i only donate in Bitcoin / Litecoin  .

[sgk]

It will even be better, if we cancel all subscriptions to even our daily and weekly and monthly magazines and inform these people, that we would only re-new it, if they accepted Bitcoin as a payment method.
The companies will only accept BTC if the clients demand for it to happen. ^frustrated^

And what good is it if they're just going to sell those BTC right away and turn them into fiat again, by creating large sell walls everyday?

Remember the price fall for BTC started and got worse when large merchants (Overstock, Dell etc.) started accepting Bitcoin? They did not actually hold or used their BTC, rather they converted them to fiat 'on the fly' using services like BitPay - which caused large sell walls.

So, if Overstock wouldn't have started accepting Bitcoin in January 2014, we would still be at the ATH of ~1000 USD/BTC?
Sure, that makes a lot of sense

No, but we wouldn't be at $235 either.

[MicroGuy]

I believe OP has cancelled the auto donations in fiat, and now donate manually to the same non-profit organisation in bitcoin. Hence, will need some "self-discipline to keep my donations going". OP is accelerating bitcoin flow and he is spending the same as before.

Unfortunatly, this doesn't really help bitcoin since these organizations just dump the coins immediately for fiat.

Better to use one of the services that will convert your paycheck to bitcoin. That's the side of the equation needing full attention.

See here: https://www.bitwage.co/

[WhatTheGox]

I believe OP has cancelled the auto donations in fiat, and now donate manually to the same non-profit organisation in bitcoin. Hence, will need some "self-discipline to keep my donations going". OP is accelerating bitcoin flow and he is spending the same as before.

Unfortunatly, this doesn't really help bitcoin since these organizations just dump the coins immediately for fiat.

Better to use one of the services that will convert your paycheck to bitcoin. That's the side of the equation needing full attention.

See here: https://www.bitwage.co/

It helps a little with normalising bitcoin and OP always has to increase trade volume and pay some fees in the process when going from fiat to coin.  Getting paid in wages direct would be tons better though yeah.

[odolvlobo]

It is a mistake equate the strength of the Bitcoin economy to the price of a bitcoin.

It is important to understand even in a scenario where merchants do not generally exchange bitcoins for fiat, the supply curve could shift and cause the price to fall. The shift in the supply curve would be caused by the increasing ease and speed of the payment system, which would make bitcoins more readily available. Please note that "supply" here is in the context of "supply and demand" rather than "money supply".

[RitzBitzz]

It will even be better, if we cancel all subscriptions to even our daily and weekly and monthly magazines and inform these people, that we would only re-new it, if they accepted Bitcoin as a payment method.
The companies will only accept BTC if the clients demand for it to happen. ^frustrated^

And what good is it if they're just going to sell those BTC right away and turn them into fiat again, by creating large sell walls everyday?

Remember the price fall for BTC started and got worse when large merchants (Overstock, Dell etc.) started accepting Bitcoin? They did not actually hold or used their BTC, rather they converted them to fiat 'on the fly' using services like BitPay - which caused large sell walls.

So, if Overstock wouldn't have started accepting Bitcoin in January 2014, we would still be at the ATH of ~1000 USD/BTC?
Sure, that makes a lot of sense

Many more places doing the same thing and having thousands of bitcoin being sold instantly does affect bitcoin price just like any other currency.

[turvarya]

It will even be better, if we cancel all subscriptions to even our daily and weekly and monthly magazines and inform these people, that we would only re-new it, if they accepted Bitcoin as a payment method.
The companies will only accept BTC if the clients demand for it to happen. ^frustrated^

And what good is it if they're just going to sell those BTC right away and turn them into fiat again, by creating large sell walls everyday?

Remember the price fall for BTC started and got worse when large merchants (Overstock, Dell etc.) started accepting Bitcoin? They did not actually hold or used their BTC, rather they converted them to fiat 'on the fly' using services like BitPay - which caused large sell walls.

So, if Overstock wouldn't have started accepting Bitcoin in January 2014, we would still be at the ATH of ~1000 USD/BTC?
Sure, that makes a lot of sense

Many more places doing the same thing and having thousands of bitcoin being sold instantly does affect bitcoin price just like any other currency.

C'mon. Seriously?
You know, that the people who spend their Bitcoin on e.g. Overstock, have to get them somewhere, do you? Or do you think, the Bitcoin just magical appear in their wallet and they can spend it.
The price of ~ 233 USD/BTC isn't even bad. Look, where the price was, before the whole MTGox-mess. Ignore the jump to ~ 1000 USD/BTC and the inevitable downfall from there and you may realize, that we are on a good track.

[SebastianJu]

You might find this domain: http://bitcoin100.org/charities/ and this thread https://bitcointalk.org/index.php?topic=52543.0 interesting. The purpose of the project is to convince charities, and so on, to accept bitcoins. Once they does they get their first donation. $1000 in Bitcoin.

You might find a project that suits your donation habit.

[jaberwock]

I believe OP has cancelled the auto donations in fiat, and now donate manually to the same non-profit organisation in bitcoin. Hence, will need some "self-discipline to keep my donations going". OP is accelerating bitcoin flow and he is spending the same as before.

Unfortunatly, this doesn't really help bitcoin since these organizations just dump the coins immediately for fiat.

Better to use one of the services that will convert your paycheck to bitcoin. That's the side of the equation needing full attention.

See here: https://www.bitwage.co/

but convert my wage to Bitcoin would be useless if I have nowhere to spend

unless I just save everything I earn