Didi Taihuttu sold his house and possessions last year and invested everything in bitcoin. After an initial increase, the rate is now plummeting. "I do not worry too much", he says from the Thai sun.
The optimism of Taihuttu is remarkable, because in a month and a half the price of the crypto coin has collapsed considerably: more than 50 percent of the price went down. As a result, half of the assets of the Taihuttu family have also evaporated.
No regrets at all
But he does not regret it. "Not at all: We (Didi, his wife and three children, ed.) Have entered a much lower level ", says Taihattu, who went all-in early November. At that time, the price of the bitcoin fluctuated around 6000 dollars. With the current price of around 8000 dollars, he still has a good profit.
More on rtlz.nl: Crash cryptos further down, bitcoin dives below 8000
And Taihuttu expects the fall in prices of the past few weeks to be a temporary dip, as seen in the past few years at the beginning of the year . That dip is bigger this year, 'but we are in it for the long term so I do not worry too much'. In fact, he expects the price of the bitcoin to go to 12 to 13,000 dollars this month.
Richer or poorer
But what if the coin is worth almost nothing in a while? "Then we have nothing more, we knew in advance that we were at risk," said the crypto adventurer. As far as he is concerned, there are two options: "Or we become richer so that we can live a minimalistic life for a long time, or we lose everything and then it just starts again for us."
Taihuttu tells his story soberly, because - so he says - the idea was to live in a minimalistic way. "This means that we no longer want to buy pure and only materialistic goods, just to think that you will be happy about that."
On to the 100,000 dollars
"We wanted to show our kids that you can be very happy with less money, then we chose to invest the money in bitcoins, which has worked well up to now."
And if the predictions of the racial optimist come true, it will only get better. Because Taihuttu still thinks that the price of bitcoin will exceed 100,000 dollars in spite of the fall in prices.
And that's why you don't put all your eggs in one basket when it comes to investing
One thing is clear...brave or idiot
Its called gambling...not investing
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I wonder how he's doing now, since the price has almost fallen down another 50% of the level he went all in at.