Showing posts with label Taihuttu. Show all posts
Showing posts with label Taihuttu. Show all posts

October 10, 2017

Minimalist family sells everything for Bitcoin hoping it pays off

By Jamie Redman - October 10, 2017 (news.bitcoin.com)

Some people are very passionate about bitcoin, and then some people are really big believers in the cryptocurrency revolution. One such person is 39-year-old, Didi Taihuttu, a Netherlands native that’s been selling everything he owns including his home and valuable belongings for bitcoin.




This Family Is Selling Everything They Own for Bitcoin


Taihuttu and his family are making a name for themselves across social media and within the cryptocurrency community. This past summer Taihuttu and his wife decided to sell a lot of their valuable belongings such as their home, children’s toys, and vehicles so they can accumulate bitcoin. The family currently resides in a campground located in the Netherlands, but the Taihuttu family often travels around the world living a minimalist lifestyle.            

“People will say, ’You’re crazy’,” Taihuttu explains during an interview this week. “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.”  

Taihuttu believes that bitcoin will transform modern society and thinks the decentralized asset will revolutionize global finance. According to him, bitcoin is very similar to how the Internet brought society a new perspective towards information. “I think that blockchain and cryptocurrency are revolutionising the monetary system,” says Taihuttu.


The crypto-minimalist and his family put up their Venlo property for 85 BTC and Taihuttu also sold his 11-year-old business so he could travel with his children. Taihuttu says he’s been into bitcoin since 2010 and set up a mining operation with a friend soon after. The Venlo native said when the price spiked in 2013 he sold all of his bitcoins. At the time Taihuttu thought it was the right decision stating;    

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

A Second Chance With Dogecoin  


During the bearish bitcoin run of 2014 when the currency dipped to all-time lows, Taihuttu decided to go all in on dogecoin. Taihuttu said he had a “tremendous amount” of the altcoin, as it was worth next to nothing when he first purchased the tokens. Suddenly dogecoin prices went up 20X, and the dog meme-based cryptocurrency gave Taihuttu a second chance to dive back into bitcoin.


The Taihuttu family has since sold their home after gaining some media attention for selling it for bitcoin only. The four-bedroom villa in Venlo was sold to an unnamed cryptocurrency trader and the family has since moved to their campsite. Taihuttu is still selling other family items for as much bitcoin as he can gather, and explained the family would continue their lifestyle until 2020. By then Taihuttu hopes bitcoin will be four times its worth and an irreplaceable tool for finance worldwide.

Images via Omroep Venlo, Algemeen Dagblad, Pixabay, and LinkedIn.

Jamie Redman

Jamie Redman is a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011.

He has a passion for Bitcoin, open source code, and decentralized applications. Redman has written hundreds of articles about the disruptive protocols emerging today.