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A man upped sticks, sold everything he had for Bitcoin and moved his family to a campsite after claiming that he is waiting for the next "boom" in cryptocurrencies.
Didi Taihuttu, 39, moved his family to a campsite outside of Venlo in the Netherlands, after putting his house on the market along with other possessions including his car, motorbike, children's toys and other family consumables.
Didi Taihuttu, 39, moved his family to a campsite outside of Venlo in the Netherlands, after putting his house on the market along with other possessions including his car, motorbike, children's toys and other family consumables.
http://www.independent.co.uk/news/world/europe/man-sells-everything-for-bitcoin-moves-family-to-campsite-a7994751.html
What do you think? Would you do the same thing? Do you think in the future he will be a rich man?
Well, I would not have done what he did because he is taking a risk. I did put a few thousand dollars into Bitcoin a few years ago but it was disposable income that I could risk. I wouldn't put any family money into it because it is still a risky investment. Bitcoin will most likely succeed but there is no guarantee that something bad won't happen like a government ban. We also all risk getting hacked at some point and losing it all. Also if I were to die, I don't know if my family would know what to do with my Bitcoins or if they would even try to recover them. It's just too risky to sell everything for Bitcoins.
