Not sure I'm aware of the charity, but I'll give a general opinion.

Are you planning on distributing the funds at any time in the near future? If yes, then sure convert the funds right now. The problem with your plan to trade essentially is what if you miss the dip, the gains could be negligible, and/or if BTC continues to spike. I say this because you plan to maybe put the cash into a bank account.

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It also kind of comes down to how the charity was presented when you accepted the BTC. Might actually have been better to just PM all donors to get their opinion.

I wouldn't play with it if it's up to me. Not on a bull run or in time where BTC at $20K is the new normal. That is a risky game and you will only feel guilty if the price didn't fall down as you expected. You could have converted them all to fiat when you first received it so you could avoid making tough choices like this. The donors probably thought all should have been spent where it was intended for.

https://bt.irlbtc.com/view/5124375.0

Since you already have a perceived time frame when you would distribute, you have to consider that Bitcoin might not fall within that period. It's very possible that you'll that the spike would continue till next year and there'll be no opportunity to buy in.
Selling the Spike and buying the dip sounds good in theory, but is not so easily practised.

Bitcoin doesn't move linearly, but it is largely unpredictable. There's usually a correction after a bull run, but we do not know if this is yet the bottom of the spike and the price just keeps running away.

Why not transfer it on Coin.ph and convert it to php? that will be the best thing you can do to secure the value while the price is so high its a big gain already and its a total waste if we will go back the same on what happen on year 2018 where the value got drop so hard.

But if you are doubting about this better to create a survey on your charity thread so that the donators will know about your plans and for sure they will understand your intention.

do you already have someone specific where you will spend the money?
maybe think about their situation, it may be a long time for them to wait for consolidation. For example, in my country here is a very complicated situation with children suffering from rare diseases. The government does not cover the costs of treatment in a foreign country, and some diseases are successfully treated in only a few clinics in the world. In some case, healing can cost more than $1 mill. and there is every day important for successful treatment. I don't think they are interested in investing at the moment while saving lives. Especially not in the risk investment as a Bitcoin.

If you want to give someone food on the table, maybe you can get them much more after three or six months but they should stay alive and eat something to get your help.

I respect your desire to help, but if you are already doing it, let it be at the right time. Do not be late because then loses meaning aid.

Only if you have a stable plan where to invest donated funds and distribute only profit on a monthly basis (for example). But I don't think Bitcoin fluctuation is proper investment in this case, it must be something with a stable income, smaller amount but safe.

So if you want to run this as long therm campaign, you will probably have to register a charity foundation. it will be easier for you to manage funded money or if you need to invest them somewhere. Also, you will get more credibility for your effort. Now it's just you and bL4nkcode, and surely someone will suspect the abuse of your work. I tell you this based on personal experience.

Do not misunderstand me that I doubt you work or criticize what are you doing, I'm just telling you how I see it based on my experience in such a situation.

So, what is your main idea, whom you want to help through this program?


I already have paid shared reseller hosting for my own use, working well. Also, I have some knowledge with creating a landing page and WordPress. here I offer you help if you need it. Just register domain (I can do it for you, though it is better that it be in your possession) and I will give you hosting space for the website. It will be my donation for your initiative.

Sorry for the late arrival to the party, I feel like I might have come across this thread or something like it (charity) somewhere else before but could you update OP with some links or breadcrumbs so I might follow?

One thought: if it's long-term charity and you won't be starting anything for a few more years, I'd liquidate half and keep half for the next cycle.

I'm not sure if that's a joke (internet...), but XRP is far from being a stable coin... and they are also being sued by the SEC: https://edition.cnn.com/2020/12/23/investing/ripple-sec-lawsuit-trnd/index.html

Maybe that's the joke...?

^^^ Thanks for the link. I'll have a look in a bit, but um yeah, XRP bad idea. Any centralized coin is a bad idea IMO, I'd rather actually trust a person to hold the amount in actual USD or EUR account if we want to have a predictable value, though I see nothing wrong with holding it in Bitcoin for the foreseeable year.

nope, I wasn’t aware of that and wasn’t updated on the news...
And I have said that it might be,... so if there’s an issue then it won’t be on our option anymore...