Bitcoin Forum

Story was posted here (https://www.businessinsider.com/didi-taihuttu-sold-everything-for-bitcoin-fans-2017-12)
Apparently bought a lot of Bitcoins at a price that could be around $5000. Wondering how he feels now.
You have to be incredibly solid inside and emotionally to deal with the constant price moves. Not that the decision is wise, it is a stupid decision, but stupid decisions can make you rich sometimes. Just the fact that he is a family man makes it incredibly unreasonable to do such a thing, but still wish him (and us) the best of luck  :P

no reason for feeling bad since btc is around $6 600 atm. also he said about the intention to hold 'till 2020, so let's see what's gonna be next.

He had apparently set his mind to hold despite the volatility.  His prediction is that bitcoin is going to be worth $100,000 by 2020. Given that Bitcoin halving is due 2020, I have to say it's entirely possible. We are cutting down on the supply side, so the price has to go up. But what the actual price is going to be is less important. I admire the courage of this guy to make such a bold move, especially considering that he has a family to support.

this is the story of bitcoiner who is very confident, with the support of the family, the Taihuttu is able to do everything, unlike most people who are often constrained by a lack of family support and always demanded daily needs

I saw this guy on facebook and he actually replied to my comment which feels good.

He's living a good life now and there's no problem with him because he is a long term holder.

Yeah, I read a recent update about him a few months ago on this forum actually, someone posted about him and the family, he is doing interviews and appearances and travelling with his family.

I think he was a bit reckless to be honest, but then he did everything with the agreement of his wife and family, and they are enjoying their own adventure and looking healthy, so who am I to criticize this guy right?

hmmm..
i wondering why he not sell when the price about 19k USD
its about 4X profit if he buy on 5k , with short term duration.
but well
like u say , stupid things have more more thing inside.
also he seems doesn't care about the current price.

I still see it as a wise investments decision if he sold it when bitcoin went as high as $15,000.  No investments could have give him such huge return in a short time like this.  He can still hold and try to sell it in future and great opportunity is still in the future.  I believe that in three years to come bitcoin is going to go as high as $50,000.

The bitcoin halving is going to have a very positive effect, this was a wise and bold decision. It is not easy to be rich and successful by making safe and easy decisions, you need to be a risk taker if you want to make millions

long term ain't good without defining an exit point. otherwise he can hold the whole life.

This is a bold and ambitious move, not sure a lot of people will take such investment decisions, not even me typing this. As a family man, I'll want to put my family first, especially as there's no certainty of recouping of his investment. But hey, you know what they say eh, fortune favours the bold. Wish him luck.

They have a website: https://yolofamilytravel.com, so you can follow their travelling adventures on their blog. :)

Missed this info, interesting website, so at least he is still earning money in the form of Bitcoin with a least some advertising and affiliation (even though the website has not much traffic, no data here > https://www.similarweb.com/website/yolofamilytravel.com ).
 
But I definitely agree with the message of @extremegym posted above, any long term holder will have to sell at some point. It's always tough to know when the exact time has come

For me whether he earn or lose still he made his own wise decision. Probably some of you will say it was bad one, see he created an action plan for his investment and even set a timeframe which is actually better than the other people with weak hands. I salute this man for his brave decision and I hope that he will succeed in his journey.

The decision is his and I respect what he does. No one can be sure of the profit he can earn when Bitcoin reaches $ 20,000. I believe he was selling at the time and was happy with his profit. Personally I think this is a very risky investment but he turned it into a great profit

Such decision is really hard to make and i do believe that only a few would have the courage and trust to bitcoin to make such thing.I cant think up on to risk all of my assets just to go all in since we do know the risk on investing into crypto.He had principles in life that no one can ever change so he made such decision and the good thing is his family werent against on that.Inspite of hardship on living when it comes to convenience but they do know that someday it would pays of.

unreasonable decisions for people do not know crypto to Sell all of its assets, just because they want to buy bitcoin. Everyone will argue negatively that he has made a wrong decision, but for those of us who are in the bitcoin community, we say it is someone who is brave and will gain fortune in the future.

Indeed he made a mistake, because he did not sell it when the btc reached its ATH, but we can understand it and maybe he did not understand the market and all the basic characteristics of crypto fluctuated.

I am hoping he was able to sold some of his Bitcoin when it was almost at the $20K level it could have make him very rich otherwise he can just be like all of us wishing at this time that there will be a bull run before the year ends and even a mini bull run will do as we realized that 2018 will never be the same as 2017 and again hope that 2019 can be positive for the whole of cryptocurrency. It is sad to note that the growth of Bitcoin is now being tied to the ETF thing and that the decision is waited is that coming from the government agency...isn't that quite ironic in the first place?

there are a couple of things about this news and anything else like it:
1. they are posted by a news website so you should already know it is somewhat bullshit or at least exaggerated.

2. you don't know what is going on with other people and what they do when it  comes to their finances so don't judge what happened to them afterwards.

3. going all in is dumb no matter when and what. even when bitcoin was $0.0001 you shouldn't have gone all in.

4. regarding this guy for all you know, he sold one of his houses and bought bitcoin with it! or he sold his coins and bought 4 new houses after he got his profit. not to mention that this is not the end of the road for bitcoin. would you come back here and bump this topic when bitcoin is at $100k or $1 million in a couple of years?

Not really,,, I think many in the Bitcoin community would not do the same. They can respect his decision, but they can never replicate his decision with their own families,,, like if I told my family today I had this plan, and even if I explain it to them, I cannot promise anything. We all have our plans, and we do not know the future, and maybe situations in Holland where he is from and Asia where I am from are different. We have no social net here, if anything happens we are out with nothing. Maybe in Holland worse case, he can still depend on the state for financial support.

He did not sell BTC also, by the way, he sold everything to BUY BTC, so he is a holder.

It was a desperate and risky move but it will come as the purchase was made at a good price, the main thing that the investor did not panic on a bearish trend.

He bought it around $5,000 so even if he decides to sell it now he still earned a lot of money from his risky investment.
And he is looking for a long term investment and I think he is going to make a huge profit from it.

Perfect example of wrong risk management  ;D Anyways, he certainly had some kind of exit strategy and enough money to spend on regular expenses. He announced holding his Bitcoin possession till 2020 so I think he will be in profit then.

Yeah even if he sold now he will still in a win win situation but who will sell in this bear market? we don't even in the last month of Q4 so maybe there's a big chance that btc will soar again. I hope that man will not regret his decision and i hope that the next news about this man is he become a billionaire.

I remember one guy that sell his house to buy Litecoin. There is a post n this forum. And I remember he made videos Price of Litecon was for long $4. So I bet when he sold house, got them at that price.  Right now he can buy 15 houses back and many expect we are close to bottom. P


EDIT: found him https://www.youtube.com/watch?v=5v5y3icu6YY

Now this is a perfect example of irrational person making irrational decision. The theories of investment endorse investment but define investment as the use of the income that is left after consumption. Selling ones house to invest is the most irrational move one could play in the game.

This incurs additional cost in the shape of rent if start living in rented house. However, if the number of coins he owns is high and he is holding them, he is going to be a millionaire in future upon the recovery of the market.

and i think he already sold few of his bitcoin when he got good profit at that time,,
so, nothing to worry about him, because he made a speculations with all the risk ,,
i believe he will get what he want in the next couple of years mate

I just heard this news, are they very sure if bitcoin is profitable for them so they dare to sell their house to buy bitcoin?

I don't think he will sold the few of bitcoin, but I guess he totally doubt if he needs to hold or sell. He bought bitcoin worth 5000$ and obviously he had a profits I think he's thinking about whether he'll wait for the bullrun.

Shit what a God damn story,this is the best cryptocurrency story i ever read .this gives me idea on how i can bring my crypto journey to the fullest.
I have been thinking this stupidity for long and even asked my wife and children's about selling our house to invest all in to bitcoin,but my wife just laughing at me and say's stop joking.
But tonight before sleeping we will talk about this seriously

why his name didi taihuttu? from the name and face i think this man parents are from east indonesia or maybe timorleste..keep hodl like that man guys ;D

The fact is that the pr-campaign of cryptocurrency business was born in 2016 very strongly. Many people in anticipation of large incomes did inadequate actions, namely, they sold their houses and cars, and also took loans only to invest their money in cryptocurrency. Today, most of these people are left without anything.

This the better than the btc story as he bought with a coin that has a bigger potential that btc though he predicted it to be like 100k so why not. Well this is like buying a penny stocks and during that time either btc and eth were the only blue chips so great move.

Its not a desperate move if he's fully knowledgeable with it and understands the risk that he's going to accept for doing that decision. He's still in profit though the market is shaky as of the moment. These type of people bet all of their lives and richest to crypto because they can see that its too early for them to get in although its never too late. They just have the nerves and guts to do this thing, personally I wouldn't even do this even my lifesavings just to be balance.

I was finding this video too and it's almost one year ago and i guess if this family has sold their house for bitcoin and then they can buy a lot of house again right onw even when the price of bitcoin gets plunged
https://www.youtube.com/watch?v=232cslwQs-E
It looks interesting to see how these famility take the best decision.

nowadays it's cool to go for such actions, every second person has a fear that he will lose everything, and the guy is good, and now he is not upset because it is long-term and waits for Bitcoin to cost $ 50,000. everyone will be shocked that he will be cool in 5-10 years.I'm sure that bitcoin will not go to zero. life without risk is not life.

I went look at his youtube Chanel and checked recent videos. He is holding. But. He is holding all on coinbase.  He is holding from wrong reason. I guess there are also people like him. Yes. It is normal. Crypto is money and money is for everyone to use.

Yes, I remember reading about him back in the day and I think it was still the best decision he could make given that bitcoin is still above his buying price and if he chooses to sell it today, he would still be in profit. If I'm not wrong he said he was going to wait till 2020 hoping it would get to 100,000. He is lucky to have a family who supported him on this.

Selling your properties to be invested to bitcoin sounds a stupid decision but building wealth is a marathon. If you choose to invest in cryptocurrency and place all your bets to bitcoin, you should prepare yourself mentally and emotionally. I salute this guy for choosing such an adventurous decision but I hope that he will not be targeted by those bad guys when Bitcoin reaches above $50,000. He better hide himself and his family to a rural or provincial place  :D