The Bitcoin Family claims to have lost $ 1 million in its investment this year but has sold it for a long time.
“Bitcoin Family” dropped more than $ 1 million in its bitcoin investment as the world’s most popular digital currency reached a peak of about $ 69,000 in Nov. 2021 – but the patriarch Didi Taihuttu is still as strong as ever.
“I buy bitcoin every day,” Taihuttu told by telephone from the beach in Lagos, Portugal. He said I learned in the last two cycles when the whole world is in turmoil and everyone thinks bitcoin is going to crash, I slow down and buy bitcoin.
In 2017, Taihuttu, his wife, and three daughters closed down everything they owned, trading the 2,500-square-foot house and all their worldly assets in exchange for bitcoin and street life. This came back when the price of bitcoin was close to $ 900. Bitcoin currently trades at about $ 19,200.
Along the way, Taihuttu has stepped out of his bitcoin position and repurchased, trading his coins at regular intervals.
“That is the life of bitcoin,” he said.
Taihuttu tells that it sold about 15% of the entire bitcoin holdings family when the price dropped to $ 55,000 in price by the end of November.
″ $ 55,000 to me was a guarantee we would go down, ”continued Taihuttu.
Significant fluctuations in the price of doing business in the digital goods market. Over the past decade, bitcoin has experienced two long periods of price pressure before it rises again. In the previous crypto winter of 2018, bitcoin lost more than 80% of its value before retreating, finally climbing higher last year.
“If your time is a week, or a month, or a quarter, I think there is still a lot of flexibility. If you have an average age, yes, this is a good opportunity to think about entering the market, ”continued Hougan.
Taihuttu – who reads crypto market charts and follows popular indicators such as the Mayer Multiple – thinks in the current price cycle, bitcoin will go down somewhere between $ 15,000 to $ 20,000, before jumping higher to $ 140,000 in 2025. And right now, according to Taihuttu, “the last purchase time.”
His investment strategy has worked very well so far. Taihuttu tells CNBC his portfolio has gained more than 2,000% over the past six years.
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