In the fight against COVID-19, the Italian Red Cross recently completed a successful campaign to raise Bitcoin funds
In 3 days, enough Bitcoins have already been transferred to reach the target of 10,000 euros. After this successful collection round, the organization started a new campaign. You can also donate Bitcoins to the Dutch Red Cross.
Due to the coronavirus, there is a great shortage of equipment all over the world that is needed to cope with the large influx of new patients. Therefore, the Italian Red Cross has recently launched a fundraiser accepting donations in bitcoins.
After the first success, the Italian Red Cross has now expanded the campaign. The Bitcoins are spent on the purchase of resources that increase the personal protection of medical personnel and on additional equipment.
In total, the initiatives raised approximately 20,000 euros. This means that the goal of the second campaign has almost been achieved, but not quite yet. Donations can be made on the HelperBit website, where you can also view the progress of the campaign.
Much of the amount transferred comes from one donor, just over 2.6 BTC. At the time of the transaction, the amount was approximately 13,000 euros. More than the total target amount of the first campaign! In addition, much smaller amounts of bitcoins were also transferred.
Bitcoin and the Red Cross
Collecting money via Bitcoin is quite new for the Red Cross. But according to Colli Albani Bruno Pietrosanti (President of the International Red Cross Committee), an innovative tool such as bitcoin can help to get the necessary funds during these difficult times:
“We need to ease the pressure in hospitalizations, as the number of infected people is increasing and there is a reduced number of available places within hospital facilities. We believe that an innovative fundraising tool like Bitcoin can help us find the necessary economic resources, that are very difficult to obtain in this historical moment. ”
Also read: Bitcoin’s comeback
The Dutch Red Cross also accepts bitcoin donations in the fight against COVID-19. The website also provides a brief explanation of bitcoin donations to the frequently asked questions.
The number of organizations that accept Bitcoin donations is still small, but growing. WikiLeaks is one of the best known and first organizations to accept bitcoins (since 2011). For Wikileaks, donations in bitcoins are a godsend because they are excluded from the traditional banking system. As a result, they cannot receive donations through bank payments.
Since then, more and more charities and organizations accept donations in Bitcoins (and are not controversial), such as UNICEF, War Child, Save the Children and The Water Project. And of course now also the Red Cross.
Dutch organizations, such as the Pirate Party and Bits of Freedom, also accept Bitcoin donations. Through the Dutch startup WhyDonate you can donate Bitcoins for various charities, both large and small. This is also possible through comparable international initiatives, such as BitGive and The Giving Block.
For example, there are many more organizations and projects where you can donate Bitcoins, such as: Wikimedia / Wikipedia, Internet Archives, Mozilla Foundation, Apache Software Foundation, Blender Foundation, LinuxMint OS, GIMP and others. And perhaps unsurprisingly, projects like The Pirate Bay and Tor Project.
Bitcoiners with a big heart
Accepting donations in Bitcoins can be quite smart. The early Bitcoiners have a lot of prosperity and they are often driven by ideals.
A number of special donations have been made over time. For example, a Bitcoiner nicknamed Pine Bitcoin has donated at least $ 47.5 million to charity through the Pineapple Fund. A few months ago, anonymous donors also announced a similar multimillion dollar initiative through The Unknown Fund, although there is no evidence to support it.
Sometimes fundraising is also less “serious”. For example, when the community around Dogecoin (Bitcoin’s infantile and little serious brother) completely aligned with the absurd approach to cryptocurrency, the Jamaican Olympic team decided to sponsor bobsleigh. Otherwise, the money would run out and the team would miss the Winter Olympics in Sochi. The community also helped the team because it was fun.
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While cryptocurrencies have been around for a decade now, it’s no denying that for most people outside the cryptosphere, both they and their underlying technology, the blockchain, remain novelties.
Many analysts agree that things will only get better for cryptocurrencies and the crypto-market. Therefore, particularly now that the market is bearish, you wouldn’t be the first person to think of some form of investment.
Help cryptos become more mainstream
It may not be the most important reason for wanting to be paid in cryptocurrencies, but you can be sure it counts. Being paid in cryptocurrency means that you are financially independent from the government because you participate in a parallel economic system outside the fiduciary sphere.
As more and more people start investing in cryptocurrencies, their traditional adoption rates will skyrocket. By being paid in crypto, you essentially participate in a crypto economy.
Spend less on fees
Due to the unique nature of cryptocurrencies, when your employer pays you in the form of cryptocurrencies, the funds go directly into your crypto wallet without paying any fees. The same is true when it comes to sending money to a recipient in another part of the world.
Typical money transfers are usually quite expensive and can even take a few days to be processed. Usually a cryptocurrency transaction takes place almost instantly (there are cases where this is not true). Another big advantage is the almost total absence of fees for making payments with cryptocurrencies.
One of the main advantages of cryptocurrencies is the fact that they can be transferred anywhere in the world almost instantly. To put it as simply as possible, cryptocurrencies do not recognize typical borders.
Since cryptocurrencies offer a high degree of transparency, they guarantee that you cannot do anything that the other cannot see. Speaking of freedom, cryptocurrencies allow you to trade anytime, be it at night, on weekends, or on holidays when banks and other financial institutions are down. Cryptocurrencies are decentralized, which means that they do not depend on any supervisory authority, but they are regulated by their users.
We have already indicated that cryptocurrencies are not subject to the normal boundaries and restrictions that their fiduciary counterparts must follow. One of the main advantages of paying in cryptocurrencies is that they are not subject to inflation. Of course, to some extent, inflation is still present in the world of cryptography (as it is necessary to entice miners).
In the case of typical banking systems, inflation rates are mostly unknown, since central banks can very well print any amount of money without requiring public acceptance. In the case of cryptocurrencies, the inflation rate is known.
An additional advantage of being paid in crypto is represented by the great divisibility of the cryptocurrency. That said, cryptocurrencies give you the ability to make thousands of transactions, regardless of their size.
Because cryptocurrencies are decentralized and use modern encryption technologies, we can assert their security. In short, if a series of generic steps are taken, it is virtually impossible for a stranger to access your wallet without knowing the complex cryptographic key.
On Binancebot.io, our main goal is to inform people about cryptocurrency. You will find information about Exchanges, Coins and trading.
Are you happy with the amount of money you’re currently making every month? If you’re not happy, what are you going to do about it?
If you’re not doing anything right now, and you plan to make more money, it might be good to know that you can, legitimately, make extra money by taking online surveys.
Why make money with surveys? Because big brands are always curious about the thoughts of consumers. They want to improve their products and marketing, and they are willing to pay heavily for information that comes directly from their customers.
You can earn a few extra hundred euros a month by completing paid online surveys, but you need to know what you’re doing. If you simply fill out every survey you come across you will only get frustrated.
Your time is valuable. Do some research on companies that offer online surveys and try to figure out how much filling out a specific survey will bring you.
You need to find out in advance if you qualify for the survey (instead of finding out halfway through it), and you can earn an hourly wage that’s close to a starting job.
If you fill in surveys forty hours a week, you’ll go crazy, of course, but a few hours a week can quickly hit you.
Take the money you are going to make seriously. If you can, put it aside for something that means something to you. You can go on holiday, set up a spare pot, or open an investment account with your bank. These are all good ideas to give meaning to your hard earned money.
Tip: Register with all 5 survey sites, so you have the highest chance of finding a match with the best paid survey. Don’t fill in any wrong personal information and make sure your account is confirmed, otherwise you won’t get paid.
How can you fill out surveys for money?
Because they are paid by these companies themselves, these websites pass on part of that amount to you. So the websites are actually an intermediary, who takes orders from brands, and has them carried out by you.
The websites therefore offer you money, gift vouchers or other interesting things, in exchange for your time and completing a survey.
Keep in mind that some of these surveys have a limited target group.
For example: the Kruidvat has little interest in the type of candles preferred by a 23-year-old boy, so they are not going to pay to find out.
What does this mean for you?
You are not ‘suitable’ for every survey. If you create an account with a paid survey website, they will ask you for certain demographics so they can find the surveys that are right for you. Because there isn’t a website that is partners with every major brand that wants to do research…
Register with multiple survey sites so you have the highest chance of finding a match with a suitable, well-paid survey.
There are a lot of websites to find. Some look pretty wrong, and pay poorly. However, there are also some good websites that are known for good payouts and good usability.
In this article I will discuss which websites I like best. I recommend that you create an account with each website so that you can choose the best surveys for yourself. Read on about the best paid survey experiences and how to fill out surveys for cash below.
Tip: To keep your inbox clean, create a new email address for survey websites, or at least place these emails in a separate folder in your inbox. You will need to confirm your email address, so use a valid email address in your management.
The 5 best paid survey sites
How you spend the money and vouchers is entirely up to you, I do advise you to keep the big picture in mind. Here are my top recommendations for websites where you can make the most money filling out surveys.
Interested people can easily register on the OpinieLand website. On the homepage you can easily sign up with a Facebook account or you can fill in the registration form. On the registration form you have to indicate whether you are husband or wife, first name, last name and e-mail address. After the registration, a link will be sent to the specified e-mail address.
CFD tradingis a derivative investment that allows you to speculate on either the falling or rising of global financial markets. That means you get to speculate on the falling and rising of commodities, indices, currencies, shares, and treasuries.
Depending on your position of speculation, you can then either make a profit or a loss. In essence, if you think the prices of a certain instrument, say currency will go down, you can sell or go short. Alternatively, if you think the prices of that instrument will go up, then you can buy or go long.
To enjoy a successful CFD trading experience; there are four key steps you need to observe.
1. Select The Market You Are Most Comfortable With
As noted above, with CFD trading you can speculate on a variety of instruments. The first step is therefore to select the market that you are comfortable enough with and that you can speculate on with high percentage of accuracy.
If you are more knowledgeable of currency, then go for currency. If you are more knowledgeable in shares, then go with shares.
In the same vein, it also means that you pick a broker who allows a myriad of trading cfds. If for instance, you prefer the indices market, but your broker does not offer that market, then you put yourself at a disadvantage.
2. Determine If You Will Go Long or Go Short
Arguably, the most important decision. The first thing to note is that because the CFD market is dependent on if the market will rise or fall; CFDs are often quoted in two prices—the bid price and the offer price.
The bid price is lower, and the offer price is higher. Therefore, if you think the market price of the underlying asset will fall, then you sell at the bid price. In contrast, if you think the market price of the underlying asset will rise, then you buy at the offer price.
With that in mind, and after careful analysis, you can now determine if you prefer to go long or short.
Consider this example of trading an index CFD to help you understand going long and short. A given index quote is 5802-5803. Thinking that the index will rise, you go long and buy at 5803. Unfortunately, things go awry, and the index falls to 5783-5784.
Therefore, you exit the trade by selling at the bid price of 5783. So,
Opening = 5803
Closing = 5783
The loss in points = 20
Because 1 CFD equals 1 pound for every point, then your loss is 20 pounds.
3. Set a Stop and Limit Order
After deciding if you will go long or short, the next step is risk management. Risk management is a way of ensuring you can exit a trade before too much damage is done if things do not go your way as seen in the example above.
That means you set a stop loss order that will automatically close a trade if the market fluctuates to a certain level. In the example above, if the trader had set a stop loss order of 5793-5794, then it means they would only have lost 10 pounds as opposed to 20 pounds.
A limit order, on the other hand, is an instruction that directs the platform to close a trade if the market actually rose and you have already made a profit. It is a way of locking in profits to ensure that in case the market falls again, you’d already closed the trade at the right time.
4. Monitor and Close Your Trade at The Appropriate Time
With risk management set, you can now monitor the fluctuations of the underlying asset and close the trade if you feel you have made a significant profit or you want to avoid a significant loss.
As with any trading experience, CFD trading is full of risk. However, following the above steps will ensure you minimise loss and maximise profits.
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