[2017-10-11] 39-Year Old Father-of-3 Sells Everything for Bitcoin, Waits for ...

[cybersofts]

39-Year Old Father-of-3 Sells Everything for Bitcoin, Waits for Boom Time

The price of bitcoin has experienced a roller coaster ride in 2017, but that hasn’t stopped one man from selling everything he owns, believing that the digital currency will make him rich.

The man in question is 39-year-old Didi Taihuttu. Speaking with the Business Insider, Taihuttu explained that this summer he and his wife made the decision to sell the family house, the car, a motorbike, electric bikes, clothing, shoes, and the children’s toys. Now he and his family live on a campsite in The Netherlands.

He explained the move by saying:

    People will say, ‘You’re crazy.’ But we are an adventurous family and are going to gamble for a moment to live minimalist lives. If you never take a risk, life is boring.

Prior to selling everything, he and his wife had returned from a nine-month world trip through Asia and Australia with their three daughters. He was also spurred on after losing his 61-year-old dad from cancer.

During their travels, Taihuttu encountered many people involved with bitcoin. However, while he claims to have first become involved with the digital currency in 2010, he said he lacks ‘experience in trading.’

That, however, hasn’t stopped him from jumping straight in at the deep end.

Taihuttu, along with a friend, initially set up a business to mint bitcoin, but when the coin’s value rose in 2013 they sold everything. In hindsight, Taihuttu realizes how much more he could have made if he’d held on to the coins.

    If I had known then that four years later it would have been 10 times more valuable, then of course I wouldn’t have sold everything. But then I thought: I have to make a profit.

It was shortly after when bitcoin’s value dropped that Taihuttu turned his attention to Dogecoin, which, at present, is currently ranked 55th on CoinMarketCap. With Dogecoin’s value rising Taihuttu realized that there was something going on in the market.

After selling their processions – they listed their home for 85 bitcoins, which is currently being negotiated with a buyer – they now live in a chalet on a campsite in The Netherlands. For now the family are embracing the minimalist lifestyle; however, Taihuttu hopes that by 2020 his wealth with bitcoin will be worth by three to four times as much.



Source: https://www.cryptocoinsnews.com/man-sells-everything-for-bitcoin-believes-it-will-make-him-rich/

[bbc.reporter]

Stripping down from their worldly belongings is a commendable move but they have 3 children. They could have bought a smaller and simpler house and make themselves more comfortable. I reckon that they are taking too much risk, we do not know when the next bitcoin boom is.

[TheKeyLongThumbI]

Stripping down from their worldly belongings is a commendable move but they have 3 children. They could have bought a smaller and simpler house and make themselves more comfortable. I reckon that they are taking too much risk, we do not know when the next bitcoin boom is.

Yeah, this is really too much of a risk. They should left at least a little that would be enough for a humble living. 2020 is still far but if everything goes smooth then it would be a very sweet success for him and his family.

[Benezim]

Stripping down from their worldly belongings is a commendable move but they have 3 children. They could have bought a smaller and simpler house and make themselves more comfortable. I reckon that they are taking too much risk, we do not know when the next bitcoin boom is.

Another one who went all in. Completely irresponsible.

One scenario is that everything goes well, he'll get a pat on the shoulder from everyone and will have increased his wealth.
But then there is a second scenario, the chance of failure. Welfare state is going to take care of him then, I guess.

My point is that he is gambling with the future of his kids. Not ok. Never invest more than you can afford to lose. He should have taken a less risky approach(investing some every month)

[jseverson]

I want to say he's crazy, but he's really just putting his money where his mouth is. The problem is, that money isn't his alone, but for his family too. As much as I would like to say it's completely irresponsible, they seem to be doing well for themselves at the moment. It's not like they became dirt poor, they just liquidated their assets into Bitcoins, so they'll still have access to necessities. It's a bad idea as it's a classic case of putting all your eggs in one basket, but we'll just have to wait and see how his decision fares for him. I just hope this move doesn't compromise the education and future of his children.

[aso118]

Stripping down from their worldly belongings is a commendable move but they have 3 children. They could have bought a smaller and simpler house and make themselves more comfortable. I reckon that they are taking too much risk, we do not know when the next bitcoin boom is.

I would not say it is a commendable move. It is a wild gamble. With 3 children, it is an irresponsible move as well. If somebody who madly supports Brazil in football bets his house on Brazil, people would condemn it. I don't think this is any different.

[glowing10]

I am really skeptical that anybody should be doing this things especially with your hard money you totally are now depend on btc prices to rise. Though the price has started to rise which is a good sign, but knowing btc volatility it can go down too quickly as well and he can come on road in no time.

[TagaMungkahi]

39-Year Old Father-of-3 Sells Everything for Bitcoin, Waits for Boom Time

The price of bitcoin has experienced a roller coaster ride in 2017, but that hasn’t stopped one man from selling everything he owns, believing that the digital currency will make him rich.

The man in question is 39-year-old Didi Taihuttu. Speaking with the Business Insider, Taihuttu explained that this summer he and his wife made the decision to sell the family house, the car, a motorbike, electric bikes, clothing, shoes, and the children’s toys. Now he and his family live on a campsite in The Netherlands.

He explained the move by saying:

    People will say, ‘You’re crazy.’ But we are an adventurous family and are going to gamble for a moment to live minimalist lives. If you never take a risk, life is boring.

Prior to selling everything, he and his wife had returned from a nine-month world trip through Asia and Australia with their three daughters. He was also spurred on after losing his 61-year-old dad from cancer.

During their travels, Taihuttu encountered many people involved with bitcoin. However, while he claims to have first become involved with the digital currency in 2010, he said he lacks ‘experience in trading.’

That, however, hasn’t stopped him from jumping straight in at the deep end.

Taihuttu, along with a friend, initially set up a business to mint bitcoin, but when the coin’s value rose in 2013 they sold everything. In hindsight, Taihuttu realizes how much more he could have made if he’d held on to the coins.

    If I had known then that four years later it would have been 10 times more valuable, then of course I wouldn’t have sold everything. But then I thought: I have to make a profit.

It was shortly after when bitcoin’s value dropped that Taihuttu turned his attention to Dogecoin, which, at present, is currently ranked 55th on CoinMarketCap. With Dogecoin’s value rising Taihuttu realized that there was something going on in the market.

After selling their processions – they listed their home for 85 bitcoins, which is currently being negotiated with a buyer – they now live in a chalet on a campsite in The Netherlands. For now the family are embracing the minimalist lifestyle; however, Taihuttu hopes that by 2020 his wealth with bitcoin will be worth by three to four times as much.



Source: https://www.cryptocoinsnews.com/man-sells-everything-for-bitcoin-believes-it-will-make-him-rich/

This is so sad to here it is not a good move, they should have atleast think their children before making this move. If you really want to invest in bitcoin you should have atleast knowledge on it, This is so sad to read. I just hope they can recover from this.

[1Referee]

It's a stupid move by default to go all in, but especially if you happen to risk the potential future of your kids just to nurse your own greed. It's ridiculous. I definitely understand that people want to bank on Bitcoin, and there definitely is a huge load of potential growth that we will go through in the forthcoming years, but there is one problem, and that's people themselves, and then mainly their mental condition. It's all nice and fine as long as the price is going up, but people who aren't mentally stable, and I strongly believe the main characters of this article are not mentally stable due to the insane risks they expose themselves to, are very likely going to sell in panic at some point. That being said, I find it quite weird that someone would so openly share this with the outside world, which makes me very much doubt the legitimacy of this article.

[Samarkand]

I would take these "clickbait" stories with a grain of salt.
Very often they exaggerate the statements made by the interviewed people.

Irrespective of this this seems to be a really questionable move. Not because
of the big investment in Bitcoin, but because of the public exposure with his real name.
This is just asking people with bad intentions to rob him or drug him and take away his Bitcoins.

If you have a Bitcoin stash like he allegedly (!) has, you should keep a low profile if you
want to stay healthy and don´t want to get robbed or drugged.

[Enzo 666]

Funny news like this

i read one user in this forum say he keep 10 BTC from 2015 and now back and check his wllet and found more than 47,000$  after that let his pc open some one exchange all this money to other wallet and when he back find 0.00

[buwaytress]

First thing that struck me is how his family just returned from a nine-month holiday across Asia and Australia.
Second was how he was able to put a house up for sale for 88 Bitcoins... that's half a million dollars at today's rate.

This is not a story of wild desperation or bravado, this is just a wealthy family who can afford to take this plunge. And plunge it certainly isn't. He's got a chalet and he's got a lot of contacts from his 11-year business.

Not dumping on the guy at all. Just want to put a cautionary word in that not everything is as it seems. Don't take this as a sign to go all in, guys.

[iamTom123]

Stripping down from their worldly belongings is a commendable move but they have 3 children. They could have bought a smaller and simpler house and make themselves more comfortable. I reckon that they are taking too much risk, we do not know when the next bitcoin boom is.

One of the reason why the man and his family got into this is because they must really be adventurous and would not mind  to experience any inconvenience for the sake of having fun and , of course, that big possibility that Bitcoin will continue on rising and he can be truly rich by 2020. And to me, can really be a very good decision. Of course, we might not be doing the same thing as we are not as risk-taker as Didi Taihuttu is.

We would be delighted if there can regular updates about the adventures and of course the misadventures for this family in Netherlands especially on how they are coping living a minimalist lifestyle. I am sure we can be learning many lessons from this adventurous family. As they say, you only live once so maxed it up and enjoy all the things that can be coming your way.

Man, let's go camping into the wild!

[elliottflz65]

I respect his bravery but he does have children look after and should really be putting them first and teaching them to not rely on one thing in life.

[jekjekman]

So their home is almost half a million dollars, This guy must be rich because he is not scared of what will happen to his money and a true risk taker indeed, he may regret his decisions earlier when investing in Bitcoin but he know to himself that it is not too late to start investing again to Bitcoin even though the price of it is $5,200 a piece now.

He just keep on believing even though he misses the times 10 of his Bitcoins back then and he is okay with the times 4 prediction by the year of 2020, me also believe that Bitcoin will soar high by 2020 and it is all about the matter of trust and prayers.

[BitHodler]

One word ~ idiot. It would be fine if they didn't have any kids to worry about, but this is beyond insane. I seriously hope it ends well for them, but only because of the kids they have to provide for.

If you want to go big, then why not just taking out a mortgage with your house as collateral? That is insane too just for the purpose of investing that money into Bitcoin, but at least it wouldn't require them to sell everything.

In China it's more often than not a common thing to invest mortgage funds or other type of loan funds into the financial market, so that would at least not make this family look all that bad.

[arnux]

So their home is almost half a million dollars, This guy must be rich because he is not scared of what will happen to his money and a true risk taker indeed, he may regret his decisions earlier when investing in Bitcoin but he know to himself that it is not too late to start investing again to Bitcoin even though the price of it is $5,200 a piece now.

He just keep on believing even though he misses the times 10 of his Bitcoins back then and he is okay with the times 4 prediction by the year of 2020, me also believe that Bitcoin will soar high by 2020 and it is all about the matter of trust and prayers.

Really this just raises questions on how hes become rich.....maybe hes taken these risks before and got lucky and just continues to temp fate. it's stupid and really isnt a good business investment to put all your eggs in one basket

[richardsNY]

From time to time we'll see a teenage boy pop up claiming that he suddenly became a crypto millionaire, and after that a school dropout became a millionaire, and now this nonsense. I don't buy it. It's just an attempt to show that even the average person is also looking to buy himself into Bitcoin, but this one has got such a believe in Bitcoin, that he took the risk of his life and went all in, literally. Next similar attention seeking article -- man found an old wallet file from 2010 containing 25,000 BTC, and thus became an instant multi millionaire.

[SvenBomvolen]

I am really skeptical that anybody should be doing this things especially with your hard money you totally are now depend on btc prices to rise. Though the price has started to rise which is a good sign, but knowing btc volatility it can go down too quickly as well and he can come on road in no time.

And I am not skeptical about the nearest future of this guy. Bitcoin is raising and this is the fact. The guy is going to be in 100% profit in next few months due to Bitcoin is promising to raise to 10000 next year.
I really envy to his brave, but I would not do something the same. he has steel balls to do something like this! I prefer not such risky way, I just putting a percent of my weekly earnings on the side and that's my piggy bank which is getting bigger together with Bitcoin's price.

[pixie85]

Stripping down from their worldly belongings is a commendable move but they have 3 children. They could have bought a smaller and simpler house and make themselves more comfortable. I reckon that they are taking too much risk, we do not know when the next bitcoin boom is.

I would not say it is a commendable move. It is a wild gamble. With 3 children, it is an irresponsible move as well. If somebody who madly supports Brazil in football bets his house on Brazil, people would condemn it. I don't think this is any different.

Not commendable at all. He's crazy. Really, how much would it cost them to rent a flat and not make the children go through all this? He sold the house, the car, bikes and stuff, isn't it enough? He could buy a lot of coins and still leave that $10k instead of spending it all like a madman.