The “Bitcoin Family” Had Sold All Their Assets To Bitcoin At The Time Of The Bitcoin Crash And Lived In A Van. They Now Store Their Cryptocurrencies On Four Different Continents.

Carpet, Didi Taihuttu, and his wife and three children in the fall of 2017, all assets sold Bitcoin and Bitcoin prices it bought for $ 900, now Bitcoin 50 thousand dollars, an increase of 5,000 percent capital Has experienced. The Dutch family of five guards their hidden treasures in safes placed on several continents.

“I hid my wallets of hardware on several continents so that if I needed access to it, I would not have to fly long and fall behind the market,” said the father of the Bitcoin family. The family has two hiding places in Europe, one in Asia, one in South America, and a sixth hiding place in Australia.

In an interview with CNBC, the Taiwanese said the hideouts were not in the basement or on deserted islands; Instead, they are located in different places, such as rented apartments or friends’ houses or inside safes. “I would rather live in a decentralized world where the responsibility for protecting my capital is in my own hands,” says Didi Tayhoto.

He made headlines that year when he quit his lucrative job and sold his house and car. Didi Tayhoto, who even sold his children’s toys for Bitcoin, believed he would become a multi-millionaire by 2020. Taihuttu, 41, began a journey worldwide with his wife and three children, without a bank account and only fluctuating digital currency assets: an attempt at his primitive, decentralized life, the Bitcoin life.

The Bitcoin family loves the sea.

Didi Tayhoto says that he did not have a bad life before this big change and was a computer trainer in the Netherlands for eleven years. In fact, the Taihoto family’s goal was to make more money than this big risk. The death of his father and the resulting burnout was the impetus for this. He has been working with digital currencies since 2013. Still, in 2017, he offered his wife, Rumin, to sell everything and invest and travel in Bitcoin to experience a new, anti-materialist life.

The original idea was to sell all the bitcoins by 2020 and repurchase them when the price drops. Bitcoin has a four-year period called “hawing,” The amount extractable per block for miners is halved. During the previous several hawing periods, the cattle market has been observed each time. Didi and his family had invested accordingly.

The family benefited greatly from the Bitcoin space climb; As in the previous hawing period, the price of bitcoin reached a record high of $ 20,000 at the beginning of 2017 from $ 800. At the time, the Bitcoin family maintained its bank accounts; But he became more and more immersed in the philosophy of bitcoin. The Tayhoto couple decided to be a role model not only for their children but for all people. Didi says:

Everyone talks; But no one acts. We have shown that anything can be invested in Bitcoin. Now it is time to show that we can continue to live with this situation.

The challenge of crypto life

When they started their journey, there was no app like CoinATMRadar to show the location of Bitcoin ATMs on the map and allow them to withdraw money. They had to inquire about these devices. “The first two and a half years were challenging,” says Taihuttu. When they arrived at the Turkish border, they could not pay for their visas. With the help of a friend who agreed to accept bitcoin, they received a credit card containing the Turkish lira. These days, the Tayhoto family carries some cash with them for emergencies.

“Acceptance of [bitcoin] in Asia is far ahead of Europe,” Didi said. “This is happening faster, especially in areas where people do not have access to a bank.” In the Maluk Islands in Malaysia, the family’s father met locals who did not know what a bank account was and spent only a dollar a day. He goes on to add:

We traveled with our children from Vietnam, Cambodia, the Philippines, Australia, Indonesia, and worldwide. I saw the truth: Bitcoin and the Chinese blockchain are tools to change this monetary system.

The children of the Tayhoto family receive their daily allowance in the form of bitcoin. They have learned how to use Bitcoin ATMs and use apps like ExcelTrip to book their flights. Through their website, localbitcoins.com  also uses the Rmzarz currency exchange market. This website connects users to local vendors who want to convert Ramzarz into cash. “It’s not so safe and easy,” Taihoto said of the website.

^{The Bitcoin family travels around Rome to travel around the world.}

During their trip, the Tayhots began asking hotels and shops about accepting bitcoins. Thanks to the Photos, half of the Thai restaurants in Koo Fangan, Thailand, accept bitcoins. The Bitcoin family tweeted their interest in Rovereto; A city in Italy where you can buy anything with Bitcoin:

Is the Rovereto Bitcoin Valley real?

Villa 32

Bitcoin family (@ yolofamtravel), August 30, 2018

Today, shopping with bitcoins in grocery stores has become easier, says Tayhoto. He points to two cities in Europe that can only be lived using Ramzars: Roberto in Italy and Ljubljana, the capital of Slovenia. Over the past few years, the Tayhoto family has traveled to Asia, Oceania, and Europe. Their van is provided by one of the Ramzarz companies, and they travel with it.

What type of waltz does the Tayhots use?

A recent study by Chainalsis on wallets containing bitcoins found that 11.8 million bitcoins were in the hands of long-term holders, 7.3 million bitcoins were lost (their owners forgot their wallet password). The remaining 2.3 million Traders are making money. The next 2.4 million bitcoins have not yet been mined.

A senior analyst at the company says:

It is possible to guess which of the states is cold; Because they have special behavior. For example, they receive many cryptocurrencies from one source and do not sell them for long, eventually emptying a wallet. However, this conclusion cannot make definitively.

The Taihuttu Bitcoin family also holds 26 percent of its assets in warm wallets. Didi calls this reserve “risk capital.” He uses this amount for daily trading and risk-taking. For example, he sold his Dodge Coins for a profit and repurchased them on the floor.

They keep 74% of the rest of their portfolio in cold wallets. These cool hardware wallets, which are spread worldwide, include Bitcoin and ethereum and some Light Coins. The family declined to say exactly how many codes they had, But they have stated that 65% of their assets are bitcoins. Keeping bitcoins in cold wallets is not a new idea, But maintaining them requires more maintenance.

Although Taihoto has said that sending new passwords to these cool addresses is easy, removing coins is not easy. To harvest cold wallets, Tayhoto must physically fly to his wallets. He says there is a cold wallet on every continent to make it easier to access.

Treasure hid in the Alps.

In the heart of the Swiss Alps, a stronghold previously uses for military purposes. According to the Xapo website, the place is guarded by a group of security forces and satellite monitors; But what is protected in this trench with its claws is nothing but bitcoin. Quinbis bought Zepo in 2019. This is not surprising for a company that maintains 98% of its total user capital offline.

Although centralized treasuries provide such great security, Taihoto does not use them, and he thinks this is very “centralized.” “It’s co-founder Nick Carter,” says Nick Carter.

If you literally want to keep your coins out of the reach of governments, you have to keep the private keys yourself. It’s like hiding a gold bar in your backyard.

For this reason, Taihoto considers it “very risky.” He says:

What if one of these companies goes bankrupt? What happens to my bitcoins? Will I have access to them? By doing so, you have regained control of your capital in the hands of the centralized organization.

What do you think about the Bitcoin family? Are you willing to take such a risk? If yes, what kind of wallet would you prefer to store your digital currencies in?

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