The Bitcoin family buys every day
- Didi Taihuttu, the patriarch of this Bitcoin family, said the family would take root in Portugal, Europe’s crypto heaven.
- This started in 2017. That was when Patriarch Taihuttu noticed that the currency seemed very promising and took a huge risk at a level most people are afraid to think about.
- “It’s bitcoin life,” he said.
The Bitcoin Family – Ever Heard About Them?
Okay, hear about them now.
So this is a family that emigrated to Portugal. The reason is 0% tax policy on cryptocurrencies in the region in question.
Didi Taihuttu, the patriarch of this Bitcoin family, said the family would take root in Portugal, Europe’s crypto heaven.
You can guess the number of profits by the fact that the family has spent the last five years traveling to, guess how many?
As many as 40 different countries …
The “Bitcoin family” has lost more than $ 1 million in bitcoin investment since the world’s most popular digital currency peaked at around $ 69,000 in November 2021 – but patriarch Didi Taihuttu is as bullish as ever.
When asked, Taihuttu told the press that they buy bitcoin daily. They have also said that the lesson he has learned over the last couple of years is that the whole world is scared, intimidated and afraid of the fact that bitcoin may crash.
Anyway, that does not scare him. He buys bitcoin more than ever.
This started in 2017. That was when Patriarch Taihuttu noticed that the currency seemed very promising and took a huge risk at a level most people are afraid to think about.
Yes, they liquidated everything they owned. This includes a 2500 square meter house and all their earthly possessions! Poor neighbors thought they were entering Buddhism by giving up material possessions. Little did they know that the family was moving towards a multimillionaire lifestyle.
At the time, the coin traded for $ 900. Today, the value of this bitcoin is $ 20,958.
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The mindset of the family
Taihuttu has often sold its bitcoin and bought in again afterwards, bought back all in. Yes, I know what you’re thinking.
He is a risk taker.
“It’s bitcoin life,” he said.
The man sold 15% of the total bitcoin holdings to the family at the end of November last year. This happened when prices fell to the price level of 55,000 dollars.
“$ 55,000 for me was the confirmation that we would go lower.” – in Taihuttu
During these ten years of bitcoin’s existence, the currency saw two longer periods of price crashes. This was before it picked up again. But again, bitcoin lost more than 80% of its value last year during the crypto winter.
Yes, you guessed it, it bounced back again, eventually to an all-time high.
“There’s still one aspect of crypto that we’ll wait to see if another shoe will drop, if another device will fail if the credit cascade continues,” said Matt Hougan, chief investment officer at Bitwise Asset Management, in an interview.
Steve Anderson is an Australian crypto enthusiast. He has been a specialist in management and trade for over 5 years. Steve has worked as a crypto trader, he loves to learn about decentralization, understand the true potential of the blockchain.
