That is precisely what one 39 year old married father of 3 decided to do.
He sold his house, his cars, and all his possessions and bought bitcoin as well as some other cryptocurrencies in order to set himself up for the next bitcoin boom.
He even sold his kid's toys too.
He started doing this months ago, but only just recently did his story make its way into the headlines.
The plan.
To say that Didi Taihuttu believes in bitcoin is probably a major understatement.
The plan is to sell all or most of his family's possessions for Bitcoin and other cryptocurrencies with hopes that they will greatly increase in value over the coming years.
In the meantime they will live a minimalist life style on a campsite near Venlo in the Netherlands. Instead of living in a house, they now are living in a chalet.
His 3 daughters went from each having their own room, to all sharing one.
The plan is to live this way until 2020, at that point the hope is that bitcoin and other major crypocurrencies are much higher.
The hope is that their wealth will have increased by at least 4x by then.
A tough sell?
As you can imagine this was a pretty tough sell to his wife and family members at first.
Specifically Didi's brother and wife took the most convincing as they were worried about the future's of their children if they undertook this risk and it didn't pay off.
After some major persuading Didi was able to convince them to let him give this a shot.
Saying:
"If you never take a risk, life is boring."
Didi further went on to say:
"You know, people will say you're crazy. But, we are an adventurous family and are going to gamble for a moment to live minimalist life styles."
What do you guys think, is this guy crazy like a fox or just plain crazy?
Hopefully he has a job he can fall back on or something that can provide some kind of cushion in case this doesn't work out.
Like several others out there, I believe that Bitcoin will either be worth a lot more in 3 years or a lot less. Not likely to be where it is right now. Just depends on how things ultimately go.
His quote at the end was pretty interesting though and one that probably holds true when you really think about it:
"If things go wrong then we will be without money for a moment, but I don't think that is the worst thing that can happen in life."
Let me know your thoughts in the comment section below.
Stay informed my friends.
Sources:
http://nordic.businessinsider.com/a-39-year-old-who-sold-everything-he-owned-in-exchange-for-bitcoin-now-lives-on-a-campsite-waiting-for-the-ultimate-cryptoboom-2017-10
Image Sources:
http://nordic.businessinsider.com/a-39-year-old-who-sold-everything-he-owned-in-exchange-for-bitcoin-now-lives-on-a-campsite-waiting-for-the-ultimate-cryptoboom-2017-10
https://www.redbubble.com/people/terryfan/works/12183973-crazy-like-a-fox?p=art-print
