Bitcoin Family is moving more than $1 million into decentralized exchanges

[livingfree]

That's so nice for him that he's got to sense what's happening oddly with FTX. 0.3 btc is equals to around $5,100 and together with his family, they've came from a living that they'll have to spend that much and cost of living high.

I think Thailand is one of the cheapest countries and with that budget, they'll to save more but it's all up to them and their lifestyle.

Well, that expentidures and budget they're having, I'm sure that it's all audited and it's nothing compared to what they've earned since they started.

They were in Portugal before, and maybe that was the monthly budget in Portugal. Even so, 5000€/month in Portugal is a very good budget! Life was pretty good no doubt. If you spent €1000 on housing, there would still be €1000 left over for each family member. An average Portuguese family must have a monthly budget of around 1500/2000€. So they really live well.

But, certainly, with this drop in the market and the increase in the cost of living in Portugal/Europe, there is nothing better than choosing a country in Asia to be able to lower your monthly budget while maintaining a good standard of living.

Yeah, I guess that's one of the prior concern why they're now in Thailand. So, aside from probably speaking engagements and guesting there since they're now known as the bitcoin family.

There could be endless opportunities for them to get invited somewhere. That budget is a lot if it's somewhere from Asia except in Japan and Singapore but still, that's already more than enough.

[_BlackStar]

Yeah, I guess that's one of the prior concern why they're now in Thailand. So, aside from probably speaking engagements and guesting there since they're now known as the bitcoin family.

There could be endless opportunities for them to get invited somewhere. That budget is a lot if it's somewhere from Asia except in Japan and Singapore but still, that's already more than enough.

It is wise to choose a place to live with a lower cost of living than a country with a higher cost of living. Inflation has increased the cost of living in many countries, but for some Asian countries it is still relatively low compared to European countries.

The steps taken by that person are very wise in my opinion, so that he will continue to live in his own way from the profits of his investment in bitcoin. If I had a choice like this, then I would also consider something similar.

Do not forget that in recent years the popularity of bitcoin and in general its position has deteriorated significantly. This, too, should not be forgotten.

If you have money, then you should just invest it in bitcoin instead of negative things because of its price volatility. You should know that over time $17K will be a low price when bitcoin reaches ATH again in the future.

[joker_josue]

It is wise to choose a place to live with a lower cost of living than a country with a higher cost of living. Inflation has increased the cost of living in many countries, but for some Asian countries it is still relatively low compared to European countries.

The steps taken by that person are very wise in my opinion, so that he will continue to live in his own way from the profits of his investment in bitcoin. If I had a choice like this, then I would also consider something similar.

In reality, if you think about it, we were all capable of doing something like that, but it takes a lot of courage.
Now, for those who have a lifestyle like them, who have been doing this for almost 10 years, it is easier to make the necessary changes to maintain a good standard of living, with the lowest possible income.
Those who are able to do that, and that kind of mentality of not getting attached to a place, I think it's really good that they do.

[Lucius]

Now, for those who have a lifestyle like them, who have been doing this for almost 10 years, it is easier to make the necessary changes to maintain a good standard of living, with the lowest possible income.

That family invested everything they had in Bitcoin in 2017, so 10 years is not an accurate figure - because if it were, they would probably be far richer than they are today considering the price of BTC 10 years ago. Apart from mere curiosity about what is happening with that family, their move was strange to most of us back in 2017, and for some it is difficult to explain even today.

People are living their dream, and it seems that they managed to live well and not spend everything they had 5-6 years ago, which means that they manage their finances well. It is more than logical for someone who is all in BTC to understand how dangerous it is to keep their assets in custodial wallets - and if it was, for example, FTX, they would lose everything they had.

[stompix]

The family is currently living on 0.3 bitcoin a month — about $5,000 — and they are buying back the bitcoin that they sold when the cryptocurrency was trading at around $55,000 a year ago

Hihi, is nobody going to comment on the fact that they he sodl?
Some weak hands stuff, anything like this? 

That family invested everything they had in Bitcoin in 2017, so 10 years is not an accurate figure - because if it were, they would probably be far richer than they are today considering the price of BTC 10 years ago. Apart from mere curiosity about what is happening with that family, their move was strange to most of us back in 2017, and for some it is difficult to explain even today.

They sold all their assets and bought Bitcoin at $900 so they should've made made x50, if the house was even the basic 2 bedroom one they still have a little fortune there.
Although, the numbers they give are a bit chaotic,  it's 900 buy in but in other interviews, he claims a 2000% profit, which doesn't really match the numbers, or maybe he has lost some since he did invest in tokens.

Currently, the Taihuttus keep 27% of their crypto holdings “hot” on centralized exchanges such as Bybit, a platform Taihuttu said is transparent and backed by real assets. He also keeps some tokens on Kraken, since it is one of the oldest exchanges. The family declined to say how much it holds in crypto, but they did disclose that they are shifting $1 million worth of bitcoin, ether, litecoin, polkadot, and other tokens

So, if no matter when this was, before or after he moved his tokens he still had at least $300k on CEX, it took a crash like FTX for him to understand it's not a good idea, and he trusts Bybit that much? Real assets? He made a serious move and managed to get lucky at that time, I admire him for the courage, not that I would want to live their live of nomads even for a week but seems like he's pushing it.

[Yatsan]

Yeah, I guess that's one of the prior concern why they're now in Thailand. So, aside from probably speaking engagements and guesting there since they're now known as the bitcoin family.

There could be endless opportunities for them to get invited somewhere. That budget is a lot if it's somewhere from Asia except in Japan and Singapore but still, that's already more than enough.

It is wise to choose a place to live with a lower cost of living than a country with a higher cost of living. Inflation has increased the cost of living in many countries, but for some Asian countries it is still relatively low compared to European countries.

The steps taken by that person are very wise in my opinion, so that he will continue to live in his own way from the profits of his investment in bitcoin. If I had a choice like this, then I would also consider something similar.

Do not forget that in recent years the popularity of bitcoin and in general its position has deteriorated significantly. This, too, should not be forgotten.

If you have money, then you should just invest it in bitcoin instead of negative things because of its price volatility. You should know that over time $17K will be a low price when bitcoin reaches ATH again in the future.

Not all the time; depends on your vision as an investor. If you are into high risk and high returns then go for Bitcoin. But if you are okay with slow profit but more assured, go for real estate and stocks. Let's be real. This industry made an impression to non-crypto users how easy it is to earn profit from investing to crypto but in reality, it is not. There's no easily earned money in any industry. Market volatility will burn your money if you won't be able to be cautious of your actions. You may earn huge profit if you'd get the right coins to invest but on the other hand, those who've been years in this industry are still having a hard time to determine which is which so think about it again. Indeed, there is a huge potential for cryptos as an investment but consider what and how risks are present with your asset of interest.

[joker_josue]

That family invested everything they had in Bitcoin in 2017, so 10 years is not an accurate figure - because if it were, they would probably be far richer than they are today considering the price of BTC 10 years ago. Apart from mere curiosity about what is happening with that family, their move was strange to most of us back in 2017, and for some it is difficult to explain even today.

People are living their dream, and it seems that they managed to live well and not spend everything they had 5-6 years ago, which means that they manage their finances well. It is more than logical for someone who is all in BTC to understand how dangerous it is to keep their assets in custodial wallets - and if it was, for example, FTX, they would lose everything they had.

You're right! I must have mixed up the dates. I apologize. 

But they would probably already be involved with Bitcoin, even before Bitcoin. The life change that changed was in 2017. Either way, they are really to be congratulated for being able to manage their finances excellently and live their dream life.

[livingfree]

Yeah, I guess that's one of the prior concern why they're now in Thailand. So, aside from probably speaking engagements and guesting there since they're now known as the bitcoin family.

There could be endless opportunities for them to get invited somewhere. That budget is a lot if it's somewhere from Asia except in Japan and Singapore but still, that's already more than enough.

It is wise to choose a place to live with a lower cost of living than a country with a higher cost of living. Inflation has increased the cost of living in many countries, but for some Asian countries it is still relatively low compared to European countries.

The steps taken by that person are very wise in my opinion, so that he will continue to live in his own way from the profits of his investment in bitcoin. If I had a choice like this, then I would also consider something similar.

Yeah, it's wise.

And from the profits they've made from the past bull runs, I'm sure that they get to secure it for their budgeting and travels and they've chosen a good spot where cost of living isn't that much yet they've got a bigger budget.

They can live like a king and queen on Asia with having much budget and they'll be able to have an exposure on the continent about their great story.