This is akin to a family of five selling their home, cars, and personal belongings, in order to finance Dad heading off to Vegas in order to play the fucking slot machines. What can go wrong, after all? Bitcoins only go higher. Source: CNBC
Didi Taihuttu, his wife, three kids and their cat bet all they have on bitcoin. The Dutch family of five is in the process of selling pretty much everything they own — from their 2,500-square-foot house, to their shoes – and trading it in for the popular cryptocurrency. They have moved to a campsite in the Netherlands, where they're waiting for bitcoin to really take off. It's only been a few months, but the 39-year-old father of three says he doesn't regret a thing. "We were just like – sell it, sell it, what can we lose? Yeah, we can lose all the material stuff. Yeah, we can lose all our money. Yeah, we don't have three cars anymore. We don't have the motorcycle anymore. But in the end, I think we, as a family, will still be happy and just enjoying life." He once mined for bitcoin, but now only trades it, along with other cryptocurrencies like ether, ripple, neo, dogecoin and XLM. The family is still in the process of liquidating assets and investing the proceeds in cryptocurrencies as they go. The income from trading is enough for food and necessities, which the family says is all it needs right now.He's a fucking degenerate, making believe all that matters is MUH happiness.
Taihuttu's brother, sister and in-laws call him crazy, but that hasn't stopped them from taking their experiment public. The Taihuttus are documenting their experience on social media, and they are even taking donations in bitcoin. "A lot of people have lost their faith in the current monetary system," he says. "And I think that cryptocurrency is a big alternative for those people." The family decided to make the gamble on bitcoin this summer, after seeing its swift climb this year. It's already surpassed $5,000 a coin, and Taihuttu thinks it could quadruple by 2020. Tom Lee, head of research at Fundstrat, has made the same prediction.Not only is he a degenerate, but he's also an attention whore, using this gambit in a flaccid attempt at achieving stardom. His rationale:
"We're going through a revolution that's changing the monetary system. ... We are just lucky to realize that we are in the middle of it right now," he says.Oh, fuck off. You're a vulgar wastrel and you know it.
Some say this underlying technology holds even greater potential than the cryptocurrencies. For Taihuttu and his family that potential seems well worth the risk — even if it means having to all sleep in the same room. "I was shocked," says Taihuttu's wife, Romaine. "I was like, 'What the hell is bitcoin and crypto coin?' It was a lot for me to handle. But then I got into it, and it made me believe it was a good change in our lives -- for my children, for my husband, and for myself."Stockholm syndrome is real. Seek a good divorce attorney. The slipper slope never ends.