Sep 19, · A FATHER of three has revealed plans to gamble his family’s future by selling his house using the notoriously volatile digital “cryptocurrency” Bitcoin. Chris Mair, 41, and his wife Tillie are flogging their $ million property in Twickenham, southwest London and are hoping to find a buyer who can pay them using the digital dosh. Oct 11, · The prospect of owning a single bitcoin that was worth thousands of Euros was too much for one particular Dutchman to pass up - Didi Taihuttu did Author: Stewart Perrie. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to .
Guy sold his house to buy bitcoinThis man sold his house and all his belongings for Bitcoin - Flipboard
Didi Taihuttu, a year-old father of three from the Netherlands, sold his house, car, bikes and other valuable possessions in order to buy bitcoin and other cryptocurrencies.
We just hope that this feeling of being part of the monetary revolution is the right feeling. Taihuttu first began mining bitcoin in after a friend told him about the virtual currency. After his father died in , he decided to sell his company and begin traveling with his wife and children.
The decision to sell his house and possessions and invest in cryptocurrency came when he returned to the Netherlands after nine months. Taihuttu says his family will continue the experiment until , with plans to sell more possessions and use the money raised to invest in bitcoin. The possessions that remain include a television, a laptop, clothes, a drum and "some household stuff. Taihuttu is hopeful the price of bitcoin will continue to rise and allow him to continue living the minimalist lifestyle he has adopted with his family.
Bitcoin and Blockchain, the technology behind the currency, eliminates the need for a third party such as a bank or building society to approve payments, as a network of computers keeps a record of all transactions. The Dutchman believes that the technology is transforming the role of banks in society - and that there is more to be made from the emerging currency. I think that Blockchain and cryptocurrency are revolutionising the monetary system.
I am responding to this change now," he said of his decision to take the huge gamble. The IT specialist, his wife and three daughters have just returned from a nine-month trip through Australia and Asia.
During these travels he met fellow traders who inspired him to become involved in crypto-trading. He set up a physical Bitcoin mining business using a network of computers and video cards. As the price of the Bitcoin rose to several hundred euros in , he sold his entire stock, unaware that the price was set to rocket up further. After struggling to pay his bills as his overall portfolio plunged he invested everything into Dogecoin , an emerging currency that, at first, did not perform well on the markets.
The portfolio that I had at the time was perhaps worth euros," he told. However, during his travels he was advised to check in on his ailing currency shares — only to discover that the currency had soared to twenty times its previous worth. Independent Premium Comments can be posted by members of our membership scheme, Independent Premium. It allows our most engaged readers to debate the big issues, share their own experiences, discuss real-world solutions, and more. Our journalists will try to respond by joining the threads when they can to create a true meeting of independent Premium.
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