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Author Topic: [2018-05-15] Man Who Sold Everything For Bitcoin Won't Buy a Lambo,Has No Plan B  (Read 71 times)
buwaytress
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May 15, 2018, 04:59:00 PM
 #1

When Didi Taihuttu sold everything he owned to go all-in on Bitcoin last year, his controversial decision evoked diverse reactions from the public and the crypto sphere. A minor celebrity in his home country of the Netherlands, Didi received admiration from some who felt he made a courageous decision, while others perceived his actions as irresponsible, owing to the uncertain future of Bitcoin.

Better known as the ‘Dad’ of his ‘BitcoinFamily’, Didi has been a proponent of a new minimalist lifestyle ever since, being outspoken on the benefits it has had on his family. Six months after his life-changing act, Bitcoin News caught up with him, speaking about the driving forces behind his decision, as well as on the trajectory of fintech start-ups and initial coin offerings (ICOs).

To read more: https://bitcoinnews.com/man-who-sold-everything-for-bitcoin-wont-buy-a-lambo-has-no-plan-b/

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May 15, 2018, 05:48:16 PM
 #2

he was very brave and at the same time very irresponsible, but he had the opportunity to buy when the price was too low, according to the article he bought between February and September 2017, so even now he still has profits, but the problem here is if by chance the price drop too much and he lost everything? his children need a good education and this can be done with money, his children need a good feeding and have quality health and for that it is necessary to have money and it seems to me that he is not aware of it.


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May 15, 2018, 06:13:27 PM
 #3

This man, with a wife and children, go on adventures around the world and decides to sell all their properties and invert in Bitcoin. Oh my god he's crazy and funny at the same time. I love his mentality i mean he says that he dont care about the future because we cant know about it, we cant manipulate the future.

It's funny when he answer: "Has the government ever tried to contact you or your family about the changes you have made?" and he said like oh yes but they dont asked for crypto part though, they just tell me that; it’s not allowed to travel with your children and not send them to school in the Netherlands.



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May 15, 2018, 10:15:47 PM
 #4

he was very brave and at the same time very irresponsible, but he had the opportunity to buy when the price was too low, according to the article he bought between February and September 2017, so even now he still has profits, but the problem here is if by chance the price drop too much and he lost everything? his children need a good education and this can be done with money, his children need a good feeding and have quality health and for that it is necessary to have money and it seems to me that he is not aware of it.


It would have to go to half of today's price for him to lose anything. IMO it's not possible. Do you really believe that it's suddenly going to fall to 3000 USD when it was in a strong bear market for months and couldn't even fall below 6000 USD? This guy made a very difficult and risky decision. He bet it all and won. Even now, when BTC is oversold and scrubbing the bottom, the value of his investment is double what it was a year ago. I envy him in a way, wish my parents knew what to do with their money.
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May 16, 2018, 03:46:07 PM
 #5

he was very brave and at the same time very irresponsible, but he had the opportunity to buy when the price was too low, according to the article he bought between February and September 2017, so even now he still has profits, but the problem here is if by chance the price drop too much and he lost everything? his children need a good education and this can be done with money, his children need a good feeding and have quality health and for that it is necessary to have money and it seems to me that he is not aware of it.

Very little that separates bravery from foolhardiness. I can respect the guy's decision, especially since it seems to be a joint one with his partner, although I couldn't say if any of his children's opinions should have counted! He seems to have escaped punishment from his government for not putting his children through school but I daresay they're gaining quite a unique piece of education in their current life.

He does seem aware of the need to eat though, this experiment will end when they achieve enough to sustain their lifetime - or when it crashes as you say, at which point they try something else. It's really not much different from a lot of people who work 9 to 5s just to feed their families, and equally no Plan B if they lose their job.

It would have to go to half of today's price for him to lose anything. IMO it's not possible. Do you really believe that it's suddenly going to fall to 3000 USD when it was in a strong bear market for months and couldn't even fall below 6000 USD? This guy made a very difficult and risky decision. He bet it all and won. Even now, when BTC is oversold and scrubbing the bottom, the value of his investment is double what it was a year ago. I envy him in a way, wish my parents knew what to do with their money.

He's a winner... right now, but until he realises any of these profits, the jury's still out. I do envy him... but I feel I couldn't afford the same gamble. He has 3 young children who could probably still be all right (social benefits in Netherlands) but my dependents have zero social net to take care of them if I lose.


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May 16, 2018, 08:12:55 PM
 #6

So he didn't sell his coins at the highest price. I heard the story of this man long time ago and I was wandering about the story end. Well, probably he calculated everything correctly. 2020 year is going to be a year of halving and the price for bitcoin may jump to the moon indeed.

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May 16, 2018, 08:19:34 PM
 #7

$10k will be nothing compared to what we'll be seeing after the halving in 2020. In case you don't realize yet, bitcoin isn't just attracting investors with money but it also attracts big companies like Intel, Samsung and GMO too. Because of bitcoin they are making researches/investments on bitcoin mining chips. That'll bring so much more than what we have seen in December last year. The price growth will be nothing like we experienced before.

If he is aware of that and not selling his stash for a lambo, I guess he is still a smart dude.
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May 16, 2018, 08:28:49 PM
 #8

Very courageous but also a very risky thing to do and only a few would really make such decision even myself cant even imagine to go all in with investments where you do already comes to a point where you sell on your all possessions just to go all in. If he bought between February to September 2017 then he would probably made lots of profits when bitcoin price hits up $20k on December.I doubt on whats his view on that moment or do let that opportunity to see to pass.


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May 16, 2018, 09:21:16 PM
 #9

I find it funny that most people have a perspective on the future of the economy based only on stable economies. And for that reason, they are scared of those who are betting high on cryptocurrencies like this family.

Imagine a family that sold everything and put their assets in a Venezuelan bank 2 years ago. They are desperate today.

As uncontrollable as Bitcoin seems to be, because it is a global asset, the chance of finding long-term stability is far greater than betting on fiat currencies of unstable countries. Or even company stocks.

And Bitcoin is already an asset with a liquidity possibility well above 99% of other currencies. Imagine that you are in some Caribbean country, and only have Philippine peso in your bank account and a wallet with Bitcoins on your cell phone. Which of the two will you be able to convert to the local currency faster? I believe it would be Bitcoins.

Bitcoin has already changed the world, without the world noticing.


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May 16, 2018, 09:21:59 PM
 #10

Yes I remember this man and his controversial and risky actions.
I was actually wondering recently how he was fairing with the
decision, looks like he is doing all right.

The part of the interview which caught my attention was this:

BN: Has the government ever tried to contact you or your family about the changes you have made?

Didi: Yes of course because it’s not allowed to travel with your children and not send them to school
in the Netherlands. We solved this together with them and now everything is fine. They didn’t contact
me about the crypto part though.


Im surprised and also relieved that the authorities in The Netherlands
 have turned a blind eye on his "investment"

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