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Author Topic: whats the point with bitcoin donations?  (Read 281 times)
rapsa2018
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September 08, 2018, 01:37:13 PM
 #21

these days people have a lot of useless shitcoins in their wallets like ethereum so they can throw them away much easier than throwing away the valuable bitcoin that is why they donate ethereum, dogecoin,... more than they donate bitcoin. they want to keep the valuable and give away the useless Wink

I think this is also the reason for the massive fall of ethereum in today's many traders who are also affected because of the huge price dropped by ethereum today and 50% of their ethereum funds have been lost because of its price drop.
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Kim Addington
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September 08, 2018, 01:42:49 PM
 #22

If you are physically with someone, regular cash is usually best. But Bitcoin is easier than credit cards. (If you already have Bitcoin). You don't have to fill in forms or give your credit card to anyone.
You can avoid capital gains tax.
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September 08, 2018, 01:51:18 PM
 #23

 For regular Bitcoin users, donating money in bitcoin is incredibly easy. Much easier than donating using a CC or Paypal.
 Plus, many Bitcoin users are enthusiast enough about the cryptocurrency that the fact that a charity accepts Bitcoin will be an incentive to donate in itself. By donating bitcoin to a charity, you are both supporting the charity and supporting Bitcoin, and that's something many Bitcoin users are keen on.
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September 08, 2018, 03:06:41 PM
 #24

@KingScorpion
There are still people donating Bitcoin. At least I do. The fact that people donate only altcoins is because (I suppose) they agree to donate but they don't want to spend a lot with the fees. Despite the fact, the fees are pretty low. People are blocked to the time when it was costing a lot to sent BTC. This is also the main reason, projects started to accept altcoins.

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September 09, 2018, 11:52:00 AM
 #25

I don't think so that there is a actual bitcoin donation, because as far as I know bitcoin is only for technology since it is a digital currency. So it means that cash is the best way to physically offering or donating but not bitcoin because it already converted into fiat.

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September 10, 2018, 05:25:52 AM
 #26

i think because bitcoin is more suitable for investment than for donations
rather than donating people prefer to hold their bitcoin
so i think it's better to donate using other altcoins because the altcoin price is more stable
because we believe in the future of bitcoin
Of course believe in the future of bitcoin, most do. and you are right about altcoin- altcoin is better to donate while bitcoin is better for holding
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September 10, 2018, 05:27:38 AM
 #27

It seems to me there is no difference in what people are asking for donations. If it is convenient for people to receive donations in crypto - then why not?

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September 10, 2018, 05:42:24 AM
 #28

i think because bitcoin is more suitable for investment than for donations
rather than donating people prefer to hold their bitcoin
so i think it's better to donate using other altcoins because the altcoin price is more stable
because we believe in the future of bitcoin
Of course believe in the future of bitcoin, most do. and you are right about altcoin- altcoin is better to donate while bitcoin is better for holding

and why do you think altcoins are better to donate?
for example when donating to a charity, they only accept USD, you can not go there and donate Zimbabwe currency! because they don't accept it and they don't want the headache of currency conversion. when it comes to altcoins it becomes even more complicated since they also have to be running a wallet for that altcoin to be able to receive donations which they won't because it will cost more to run it than they may even get donations in that altcoin.

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September 24, 2018, 08:27:05 AM
 #29

Bitcoin's contribution means sharing what they have with others but doing it for others is something new and depends on who has shared it. They want their friends to experience what they also experience.
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