Four Years of Living on Bitcoin Alone. Can You Beat That? Is that even possible?

[Karartma1]

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.

[Lucius]

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.

Read the article. He didn't get in at an all time high. He got in at a reasonable price, at around $4100.

"His property has been sold to a cryptocurrency trader under reservation and fetched him 85 bitcoins which equals a whopping  €300,000 or £269,000."

€300,000 = $354,639

354,639 / 85 = $4172 per bitcoin

[thesmallgod]

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  . 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

[milani]

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.

[sheenshane]

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.

[Fredomago]

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.

source: https://t.co/iQUAGgxvB3?amp=1

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.

[Casdinyard]

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.

[globalcitizen]

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.

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.

[samputin]

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.

[oktana]

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!

[coolcoinz]

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 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.

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

[MCobian]

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.

[dimonstration]

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.

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.

[globalcitizen]

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.

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.

[Sadlife]

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.

[2double0]

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.

[Prince Malik]

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

[Kakmakr]

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.  

[dothebeats]

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.

[Alucard1]

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.