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18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
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Degenerate Dutch Father Forces Family to Sell Everything So He Could Trade Cryptocurrencies

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.

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12 comments

  1. NotGekko

    Retards

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  2. natehois

    Can’t get a good divorce attorney if all your money is gone…

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  3. cancel19

    Well at least he ain’t promising to cut off and eat the family jewels on TV if one Bitcoin doesn’t reach the value of $500,000, like John McAffe!

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  4. derp

    Tulips. The Dutch love tulips. And coffee shops. That reminds me of a story. I was in Amsterdam in 2003 at one of the grasshoppers on a canal near the train station. There I was, stoned on pot, tripping in shrooms, drinking my coffee. When a merchant mariner stopped by the edge of the canal, unwrapped his rather large dong, and urinated a thick heavy stream of yellow piss into the canal. It didn’t seem to bother the bevy of beautiful women standing less than 3 feet away. Damn good coffee, I said to myself.

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    • sarcrilege

      Times have changed in the last 18mos in Amsterdam. Muslim trash everywhere. These mofos simply prefer to live in public – eat, socialize, collude, sleep, entertain, fight, argue, lurk…. All native Dutch are visibly on edge.

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  5. numbersgame

    This guy has it made if he plays his cards right:
    Scenario 1: Bitcoin rises, he profits, writes bestseller about the experience, and retires.
    Scenario 2: Bitcoin crashes, he loses moeny, writes bestseller, and retires

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    • tonka

      Scenario 3: Complete scenario 1 or 2. Continue being a degenerate gambler. Bet it all on the next big thing.

      Even if this initial bet works out, there’s no way someone with this mindset cashes in and lives out his days cashing dividend cheques from a diversified portfolio.

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  6. J Adabese (your pen pal)
    J Adabese (your pen pal)

    If the bitcoin thing doesn’t work out, he can always call 911 to tell them that his kids are trapped in a weather balloon that is now sailing through the air several hundred feet above the ground. Media will seize on the story.

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  7. bob smith

    “Honey, I have a great idea. Let’s sell the kids and get you a job in the red light district so we can buy more Bitcoin. What could go wrong?”

    I’m guessing there were quite a few children for sale on Craig’s list during the tulip mania.

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