Bitcoin Forum

Just a few hours ago I bumped into this story of a family that has lived on Bitcoin for 4 yrs travelling around 40 countries. That story did not just got me excited and motivated, but it also activated some doubts from within that I started to ask "how?". Was that even possible?

It is very rare to hear this kind of story but the interesting family claimed that this was made feasible after they had liquidated all their assets, from their retirement accounts and cars, to their clothes and toys, and bet it all on #Bitcoin in 2017 when it was valued at $900 per coin. Did you read that? Nine hundred dollars then! May be that could give the claim a kind of credibility after all. What do you think?

I would take my doubt to have been misplaced if some of you here can question the doubt by given some evidences that show that it is hundred percent possible to live a bitcoin life for four good years as the news has shown this beautiful family to have done.

Let us know what you think about this family's claim and may be tell us what and how you have spent your Bitcoins over the years.

If they are lucky enough to buy bitcoin from the start before the 2017 ATH recorded and has been able to profit and doing trade then yes, it is possible by trading they ewrb huge that if they invested also huge. However, there are many ways that they can earn in bitcoin like bounty hunting, they showcase their skills and much more like they started a platform for bitcoin users like gambling platform and earn until now. These are the may scenarion that may apply to them and they can live just by bitcoin alone as a means of living but this is very rare to happen.

Yes, their claim was that they liquidated all their assets including savings, retirement accounts, cars and clothes and bought bitcoin when the price was $900 in 2017. But my concern was how they were able to leave the investment there and spent only from their bitcoin holdings all these years with full confidence and trust. I must say it's an inspiring story if that was actually true.

They already making a lot of money even we will not include how much they bought when Bitcoin still at cheap prices.
As far as I know, they already got some sponsors for them, I saw before Didi Taihuttu which seems he is trading and got some sponsors for his videos, doing some interviews, giving his opinion, he is also a speaker, and a video blogger too.
Overall, I am really proud of this family, I hope they will able to manage their wealth accordingly.

I got confused. I thought by living on Bitcoin alone you meant that the family has only Bitcoin as their currency for four years, that they buy all their stuff using Bitcoin alone. I guess by living on Bitcoin alone you actually meant the family is living off from their Bitcoin income alone for four years.

That's very possible. If they bought Bitcoin at around $900 with all their assets, then they have really made a big money out of it. They must have bought Bitcoin in the first quarter of 2017. That year alone finished with their investment growing at least 22x or more than 2000%. Even with the plunging of Bitcoin's price after 2017, they still made profit because Bitcoin's price never came back below 4-digit.

Take note that "living on bitcoin alone" probably doesn't necessarily mean that you need to pay for everything with bitcoin. I have no doubt that there were definitely a lot of instances where the family needed to sell a bit of bitcoin for fiat just to be able to pay for stuff. But regardless, even if they needed to sell some bitcoin, it should still be considered as "using bitcoin" because they're pretty much using bitcoin as their main savings currency. It shouldn't be no different than converting USD to JPY when going to Japan.

One avid Bitcoiner, Max Hillebrand, has been "living on bitcoin" for a while now and he admitted that he needed to sell some bitcoin from time to time to pay for stuff. If you're interested, here's a podcast episode with him: https://www.youtube.com/watch?v=TY4efTaFCt8

With that said, the family took a huge risk, but it paid off. Definitely not something I would personally do but congratulations to them.

I do not consider this to be luck at all, they took a deliberate decision to buy Bitcoin, while risking a lot, without any assurance that there would be return on their investment or that the supposed profits would be worth the huge risk. This was in no way luck, a lot of people at the time know about Bitcoin, but only a tiny few would have been as audacious and maybe as reckless as this family.

I was also thinking same, that they transacted entirely in Bitcoin for four years. In this way, it is not surprising at all as Bitcoin made a lot of people rich during the last all time high and while they may not be as peculiar as this family who were entirely iito Bitcoin, they all profited from it.

That's so amazing, they can predict the very right thing at the time, in fact we see bitcoin reach $18k in 2017 they only keep their assets in bitcoin in the next few months that will make them able to interfere for 4 years without working. I myself even regretted the same year and regretted why having to sell assets early in the next few months was soaring to hundreds of times the profit. It's not too late! there are many more concepts of bitcoin that can be excavated, for example, hardfork, now that we are in the Era of DeFi, What's Next?

That's thinking forward in the future and it actually pays off imagine $900 and $19000 price now is such a big difference, that's such a huge profit but it will only be a big profit if they are still holding majority of their Bitcoin, this is a good example of trusting in the future of Cryptocurrency I'm pretty sure this is not an isolated case and there are a lot of stories like this.

Yeah, I think it is mostly possible to live only by using Bitcoin with some exceptions. I'm skeptic that they have the ability to pay taxes using Bitcoin. That would imply their government to accept Bitcoin as a method of payment which I haven't heard of so far. I think what they did is a reckless move. You just can't liquidate everything and go ALL-IN into Bitcoin. Personally I don't think they actually did that. They probably had a backup savings account somewhere or a family relative who owns a house and assets in their name or smth like that...

They deserve congratulations for promoting Bitcoin and thinking of the idea, though.

It is very possible whereas they have the patience and understanding of how the movement is. I remember when I first did transaction on Bitcoin in 2016 it was still valued at $1,000. If they actually got it stuck up till this very moment they will be super rich to afford every kind of lifestyle they so wish for.

This story has been in this community for years already, I still remember it was the hype of 2017 when this news went out and people are calling them crazy. Because we all know how volatile bitcoin is. But I'm glad that they did make it through the bear market and now that we are in the upswing again, maybe just maybe this family will survived again.

Edit: Ok I think I've found one thread: This family bet it all on Bitcoin (https://bitcointalk.org/index.php?topic=2281528.0).

I already read this story few times ago the lucky family who decided to buy bitcoin with all their assets and continue traveling the world without permanent home and using only bitcoin for expenses I dont know if this is really possible to just use btc now with no fiats at all I search it in YT and you can see their adventure on their YT channel https://www.youtube.com/c/TheBitcoinfamily/videos

I am not sure whether you can call them lucky, they took the risk selling everything they had and invest in BTCitcoin and everyone had the opportunity to do that if they really trusted and wanted to take a risk  ;D. I will not take that kind of risk and then travel the world living in tents but one thing that the risk made them is popularity as many news publication published their journey.

Definitely. From what I have read they have a background in marketing. So this might have been a disguised investment in advertising. They not only managed to start a content creation business just by changing some of their assets in Bitcoin, but they managed to travel the world at the same time. Pretty intelligent if you ask me and not that risky if you think about it.

if i'm not mistaken this becomes controversial Back in 2017 when the price of Bitcoin is climbing high then the Interview about this family comes out
that they sell everything that they have and even clothing (in which i questioned coz how much an used clothing Value) and i doubt that
i can do this by myself,I trust Bitcoin and i have been accumulating little by little for long but I had family to fed and i can't survive
without a concrete income monthly.

This decision is really life changing because at any point they can lose everything and start from nothing,But of course Knowing bitcoin
this will not dropping forever.

If the family comes Good now then Congratulation but If there is others that planning to do same?
Please think over and over before making final decision.

If I am not mistaken, I had read their story earlier also but can't remember when and where! But this news is not new in any way!

I wouldn't say that living entirely on bitcoin is impossible but super risky! I joined bitcoin market when it's value was just $300, but I couldn't take such risk to liquidate my entire cash flow into bitcoin! I would have become a millionaire if I had done that, but couldn't accept the risk that comes with such kind if uncertain investment.

I am glad that a family had accepted that risk and doing just fine! Also they are promoting bitcoin in their own way. Fortune favors the brave!

I don't have any doubts about the family transacting only in bitcoin for 4 years if they got lucky during 2017 bullrun and they took risk of liquidating their asset including some of basic stuffs which paid them back. But I don't think it's possible due to the current price of bitcoin. There are so many other individuals who have been benefited in similar way so there is not even a bit of doubt which could cross my mind.

It doesn't seem like everything was done through Bitcoin. Everything they spent came from their Bitcoin assets, and they tried paying through Bitcoin as well, but it mostly lead to situations where they had to find a better alternative. Just from those lines, you can already see that they may have lived off of Bitcoin for years, but not necessarily paid everything with Bitcoin. Just recounting to back when they started going for Bitcoin, adoption was quite small, only a few stores accept Bitcoin, not to mention countries. I guess you could say that they made quite the heck out of a few negotiations here and there just to force their way of using Bitcoin as payment, though those negotiations just lead to probably having a third party convert BTC to fiat.

Nonetheless, props to them for their decision. Having the guts to do that with an asset with an unknown future, you could guess this literally was the ride that they had for their lives.

I do not even know how many of us can even think of selling everything and just buy bitcoin and live on it. I am sure they would have used fiat somewhere or other because not many countries have even accepted bitcoin fully and everything you can get on bitcoin. But it is really inspiring that even if they would have survived majority of the things while paying bitcoin which itself is incredible.

If I was in these guys shoes I would be very careful to stop doing what they are doing and ejoying some cooling off transition time. They can become an easy target for criminals wanting to get some bitcoin. I would be very afraid to know that the whole world knows about me and my BTC. OpSec first guys.

So why would it not be possible to live only from BTC, it is accepted in thousands of places as a means of payment? Didi Taihuttu and his family risked everything they had to move completely to BTC, and it paid off in the end many times over, not only financially but also with a great life experience, especially for their children.

It is also incorrect that the family invested in BTC at a price of $900, as according to information that later emerged their property was sold for 85 BTC which at the time was approximately $4000 for 1 BTC.

It is possible. That 2017 is an unforgettable moment in cryptocurrency up till date and if they actually take that step (not telling a fictional story) then I think they have made a fortune for themselves. Even an average hunters during the period was a rich man  ;D. That year the rise in market price of crypto was not only limited to bitcoin but all other altcoin rise as well. I could remember any of newly listed coin can go up to 100x of the price during the ICO. It was a massive profit for investors. I could remember someone here on BTT from my country earning a huge amount of dollars from pundiX. I still believe one day like this will come even though bitcoin is almost 20k ATH but I wanna see the effects also on other altcoin. Even if some of them go just 2x

In case they were loiving four years on Bitcoin only, in my opinion it is not possible. May be they have got Bitcoin one day and during those 4 years they were exchanging it into fiat or some other variant, so of course it may be why not. Lots of people who started in crypto from the very beginning became millionaires and it is not a secret. But living during 4 years and using only Bitcoin - to pay for elementary things, like food, petrol, house rent or services - it is too complicated.

It could be possible if the family were able to enrich the amount of Bitcoin that they initially invested using the total liquidated assets such as the retirement, cars, and the rest since they were able to start when Bitcoin was still at the price of $900 and seeing how it grows up to the current price.

However, for the family's expenses somehow it could be a little tight if they are just depending on the increase of bitcoin's value IMO.  They still do other ways to gain and become profitable in the Bitcoin world such as trading or possibly they also do exchanges which could suffice the needs of the family.
Four years of living through Bitcoin is such an inspiring story that could make people change their perception towards Bitcoin on how it addresses the issue of the devaluing state of currencies but also for everyone's living.

I think there is a similar topic that has started yesterday about this family though i believe that this comes first in this forum back in either 2017 or 2018 if i am not mistaken.

https://bitcointalk.org/index.php?topic=5297498.new#new

Here's the Topic ..


These Family is truly awesome as being Proud Bitcoiner and how can you compare them to those HODLER's but after making profit will convert their Bitcoin in Fiat or in other altcoins.

If given a chance in the future ,when i made Good amount of profit i may consider also going other country using only Bitcoin.

Sounds not as accurate as what happened in their case. Way back 2017, there are only few countries wherein cryptos are not widely accepted as a mode of payment so it is hard to believe that it is Bitcoin which they used to buy their needs as individuals. Also, the market price is volatile and they might be that lucky to be able to know ehen to buy and to sell in order to prolong their funds, which is a bit hard knowing that the market price is volatile in its nature. I honestly won't do such thing. Liquidation of all my assets to put it into something which will give me no assurance of earning profit. Well, good for them they made it through years.

Yes, from the content of the story on the original source, I guess that's what they meant - living off their Bitcoin assets and income after they had converted all their assets to Bitcoin and was left with no other income-yielding assets. But, I do think that literally speaking, it doesn't mean that they've got no income-generating jobs that they do to earn money aside their Bitcoin investment. That's the reason for my doubt and it's hard to believe otherwise.

That was some huge risk and lucky for them, it paid off. But do they still have a job? Like the parents, I mean. Maybe at some point, they still had to depend on fiat or whatever. Four years is such a long time. Anyway, I don't know if I can beat that but I don't think I'd be trying to do that and bet it all on bitcoin. I'm okay with living using fiat and bitcoin alternately depending on my needs.

Wow! That image is just inspiring. It is amazing how they won't forget what took them that far. Some people will make their profits and vanish into the thin air without giving Bitcoin the credit. But this fam? Their appearance alone gives joy!

That's a huge achievement. Definitely unbeatable, because times are changing and if anyone starts now they'll be doing it in a different world. Living on Bitcoin in 2018 was much harder than doing the same thing in 2021 is going to be. Congratulations!


If they're traveling in a car like that one from the picture they obviously don't care.

Didi Taihuttu and her family are amazing in my opinion, her initial decision was what made the family successful.
Not many people want to do as Didi did by believing 100% of Bitcoin, but his courage finally gave him wealth and
happiness. To be honest I was very inspired by Didi Taihuttu, but I don't have the courage that Didi has done.

They might be using a third party app or wallet that enables to convert their BTC into fiat whenever they do purchase or use it in having transactions as well buying or selling online. Or they only go in stores that accepts crypto as payment. It will be a better opportunity for them also to let others know that it is able to live using BTC but provided the third party wallet is legit.

I will also tell you that people do different things for different reason. I don't think their intent was to show the world the amount of Bitcoin in their wallet but to sell themselves to the world as Bitcoin champions and evangelists. In fact most people wouldn't even care to know the amount of Bitcoin they have but would likely question how possible that claim was. Of course, no one can accurately guess the quantity of Bitcoin assets the family holds. But the publicity their decisions and actions are getting them is the real winner.

That's a real mind blowing fact, travelling around the world considering the cost in living. The real question is "how much does this family holds in quantity of Bitcoin" perhaps there's a side story to this, a side job that earns them fiat. Because i could see it as a waste of Bitcoin asset, using it and selling for travelling. Especially after 2017 it was all dump for Crypto market.

I was not that lucky to sell everything and buy btc as I gambled away my money in early days of btc. But I know that some of my friends have lived off/ still live on btc but they belong from a developing country where cost of living is not that high. This also matters because there are some users from small countries who are good enough to contribute and earn btc through campaigns, which gives them the pleasure of living a luxurious life in their country.

I think you must not be wondred if you supose that this family bought bitcoin in its very begenings...we all know that bitcoin was very cheap comparable with the curent price
I mean its not a question of ×10 or 100 but its more than this by far

Well they took a massive risk and it paid off in the end. I have to say, every one of us that bought bitcoins in the early days.. took a massive risk. I sold some assets, but only the things I did not use ...when I saw the potential in this technology. (Back when the Bitcoin price was still $400)

I never ever imagined that the price would go up to $19 000+ ....but it did and it gave me a massive boost in 2017 and again a few weeks ago, when I sold some of it again.

We always tell people NOT to go all in... but this family did and I think they are extremely lucky that it worked out for them.  ::)

They all got that massive faith in bitcoin no doubt, and even I who had been around for almost 7 years wouldn’t last a month or so with just bitcoin, and I would have to find a job to just get by for the next few weeks. It’s one of those rare cases when someone goes the extra mile to be extra committed to something that they believe is possible and worth it.

This, perhaps, would be a reason that people will use to go ‘all in’ on bitcoin, but I’m still kinda hesitant to do just that.

If that was true then that is a great story, liquidating all your properties is not a joke because no one knows that bitcoin could reach its value as of this day. No one knows that bitcoin can reach $20000 so I am thinking where they have got all those confidence to invest all their properties in bitcoin. I think that they have earned a huge amount of money from that because retirement cashback is such huge money including the cars and some of their savings.

This doesn't really make sense for me. It greatly affects our way of life and will lack a lot of basic human needs. Also, this family has invested in Bitcoin at around $ 3500 and now their profits are around x5.
But think, if they were to invest 1/5 of their total assets and find other coins or invest in potential startup then perhaps their money is already x10 or x20. I find that they missed out on other rich opportunities.
In addition, the wandering life will also greatly affect the spirit of their children. So this really doesn't make sense at all.

Nope I couldn't beat it and I wouldn't even dream competing or following the same path,
They made it but doesn't mean that anyone could also do it too.
Beside 4 years ago Bitcoin was still cheap compare to the price right now I couldn't even imagine how much this family made if they hold most of their investment.

Whatever their reason I would have never done the same. That is not my way of showing the world why to get into bitcoin: once a target, always a target. I truly admire those who can put their face forward, however, that is not something I would do considering what the price of bitcoin could be in 3-5 years. I mean, good for them.

you dont hear this kind of stories every day and actually they made a brave decision buy buying bitcoin exchange or their hose .
i wont  say they are lucky because they made a decision with high risk and they deserve the the profit they made , but i call them lucky because they bought from low prices because there is lot of people did the same  like them , but the different was they bought in 20k$ and this is tragic , im happy for those guys

This is an interesting piece of news. I mean, that was a very brave and deliberate decision they took back then. I wouldn't say that's luck if they are enjoying the benefits now, they took a great risk then. Selling all their assets to invest in bitcoin isn't something everybody can do.
However, I think I'm confused about 'living on bitcoin'. I do not think it is possible for them to use their coins for all their expenses without having to convert to fiat first. I mean, how did they book their flights? how did they rent the vehicles they used in each country they visited? how did they buy clothing? how did they feed? We all know all these are not yet possible without converting to fiat first.
If by 'living on bitcoin', you mean they living off the money they've made over their investment in bitcoin back in 2017 because of the rise in the price of bitcoin, then it's very much possible for that to happen.

Incredibly, this family have done a great decision conquering the risk of doing investing all that they have got from their assets on purchasing Bitcoin while the price is still at $900 way back the first quarter of year 2017 before it have reached its ATH on the last quarter of the same year. If they really have done such thing, then it is very possible for them to gain a big bunch of profit from that year to be able to fund their daily life needs for a couple of months or a year using those profit. It is very nice honestly to hear that they are living their life to the fullest because of the great decision and risk they have done way back year 2017. Actually they might still be doing good on Bitcoin using the funds they have got from that year and make use of trading Bitcoin to continue their great life living with Bitcoin.

There are lot of people who travels even without Bitcoin. The truth is you can travel as long as you have saved good amount of money. Im pretty sure also that they gain sponsorship and doing some other things to sustain those four years. They just used Bitcoin to be different than the other travellers. Im not saying that they have not really profit from Bitcoin but what I mean is that, they can do that not just because of Bitcoin but because anyone can do the same thing even without Bitcoin.

First why are they showing off and letting everyone know that they are using Bitcoin, like they have Bitcoin written everywhere from their shirts to their car lol, isn’t that kind of exposing and risky?

Anyway back to the main thing, how exactly were they able to travel around forty countries and pay for their flight by using Bitcoin, and also buying foods in those four countries with Bitcoin and other things they need? Nah, that’s not true. They will at some point need cash, especially when they go to a local market to buy foodstuffs, which they will do for sure. So this is not fully true.

The way how they face the risk for betting all of their money to bitcoin is something that not everyone can do. I do believe that this is possible if they really bought bitcoin at $900 (but depends on their invesment). Since they are travelling, they need to spend money, in short, their bitcoin holdings will also be spent. If they have much of it, then it is really possible. Or maybe they have something they do to increase their invest.

I can not imagine how they can use their bitcoin from one place to another because it will be hard for them to get the store that accepts bitcoin and buy something using bitcoin.
But that is an inspiring story from one family which travel to 40 countries for 4 years. That will inspire more people out there to use bitcoin as their way to make a transaction.
It is not easy to survive using bitcoin as fiat money has still been used in many places. But they succeed in doing that without having money because they sold everything they have and converted it into bitcoin.
That family will get what they want, and I am sure they will become a rich family using bitcoin.

In fact there will be many factors to believe that bitcoin can give life to us. Bitcoin is an investment as of now, so if our intention to having bitcoin moreover as source income  for our daily life then we have to know how to invest correctly. We have to find some factors to be made as our foundation about investment, although it is not in bitcoin only but in all investment place.

If we successful to know them and we can aplicate when we are investing our money then we can do that. We can get money for our daily life in case we can get money from bitcoin as our source income. But for me, I believe bitcoin can give me a life as a story in your thread but I still can't believe my ability against investment. I have to learn more about it and I'm still in the process to reaching it.

Actually, their idea is excellent to buy bitcoin with their money, not anyone’s money. Their dedication to bitcoin is very high and I
really appreciate it if this is really 100% they don’t use fiat for all the transactions they need all this time. Moreover, they travel
to 40 countries using only bitcoin. Really, they are very lucky, if there are no obstacles in the journey for the past 4 years
transacting using only bitcoin. It’s like going into an area where you have to pay for visas and other regulations.
But well, this is a very inspiring story. But I’m not sure many people want to liquidate all their assets for bitcoin and
use it in a variety of situations. Because the rules in each country are not the same.

That's really awesome. And it really amazed me how they got all the courage to take the most tough decision and the most higher risk that the family had been through. However, I do believe that its not that easy to come up with that decision, this people probably has all the guts to lived with Bitcoin alone, all of the members of the family are both knowledgeable in Crypto I guess. I must say, that its really possible, and that they just made the right thing because they are now getting huge profits. They have no regrets because they are now enjoying their lives to the fullest with Bitcoin.

Although it is possible, it is still a very difficult task to solely live on Bitcoin alone for 4 years. We all know that bitcoin is not yet adopted worldwide and this is where the real trouble starts.
Even though if we convert all our holdings to bitcoin, we will face trouble when using it on day to day basis. What if I wanna buy a coffee ? Would I pay for Coffee and pay as much as the price of Coffee or more than that as a transaction fees ?
No right, I wonder how those guys made it through. I could have never done that