Didi Taihuttu expects the price of bitcoin will soar, so much so that he’s selling his house, car, and other valuables to obtain even more of it.
Now, 39-year-old Taihuttu is living at a campsite with his wife and three children, waiting till 2020 for his investment in cryptocurrency to pay off, according to Business Insider.
The cramped living space may be a bit different from the four-bedroom home the Taihuttu family, from the Netherlands, was used to, but since the house was sold under reservation partly for bitcoin in August, the value of a single bitcoin has gone from $3,700 to $4,800.
“At first my wife doubted the decision, wondering if it was the right decision for our kids — as did my brother and sister... but they are now supportive of the plan," Taihuttu told Newsweek.
Via Business Insider:
Taihuttu thinks digital coins such as bitcoin and the blockchain technology behind it are transforming the role of money and banks in society.
With blockchain, no third party is required to approve a payment — a role currently performed by banks — and a network of computers keeps a record of all transactions.
“The Internet was a revolution for information. I think that blockchain and cryptocurrency are revolutionising the monetary system,” says Taihuttu. “In five years’ time, everyone will say: ‘We could have seen it coming.’ I am responding to this change now.”
Image: BTC Keychain
Stock investors who are reeling after today’s disaster on Wall Street can take comfort in the fact that people hodling Bitcoin fared even worse. The price of a bitcoin dropped from $7900 to $4900 in less than a day. From Coindesk Nearly $63 billion has been wiped from the markets as the total market capitalization […]
“CoronaCoin” exists. Some cryptocurrency developers on 4Chan cooked up a digital coin that allows traders to bet on the global coronavirus outbreak, based on how many people become infected and/or die.
‘Used accounts and passwords of other employees to embezzle digital currency’ — DoJ
Between work, family obligations, and just getting to bed at a decent hour, we all have a lot on our plates these days. So, it’s easy for things like grooming and skincare to never be a high-priority issue. That is until they become a high priority issue. Like when your face constantly breaks out. Or […]
Today’s teachers extol the virtues of hands-on learning, the method of helping students, particularly the youngest children, learn through basic doing. From trial-and-error methods to practice honing their emerging skills, youngsters can soak up a world of learning opportunities when their developing minds are unleashed. While the thought of dropping a smartphone or tablet into […]
“The guitar has a kind of grit and excitement possessed by nothing else.” – Brian May If someone was assigned to turn raw sexiness into an actual, physical real-world object, it would have to be a guitar. The sound. The fit. The swagger. The allure. The longing. It’s all right there in 38 inches and […]