Jakarta –
Still remember the Didi family Confused? The Dutch family used to risk all their assets to buy Bitcoin. For years the Taihuttu family had no bank accounts, houses or other personal possessions. Now that Bitcoin is in ruins, what will happen to them?
Launch CNBC, Monday (4/7/2022), since the fall in the value of crypto, they have lost assets of up to US $ 1 million or around Rp. 14.9 billion. The Taihuttu family’s wealth has continued to erode since Bitcoin touched its highest value of US $ 69 thousand in November 2021.
However, Taihuttu still believes the value of Bitcoin will rise again. The family also continues to buy crypto currency whose price is bloody.
“I buy Bitcoin every day. For me, the lesson I learned from the last two cycles is when the whole world panicked, and when everyone thought Bitcoin was going to crash, I bought Bitcoin,” Didi explained to CNBC.
In 2017, Didi, his wife, and their three daughters liquidated all their assets. They sold their 2,500-square-foot house and all other possessions to buy Bitcoins and live on the streets.
It all started Taihuttu when the price of Bitcoin was only around US $ 900 or around Rp. 13.4 million. Currently the price of Bitcoin is at the level of US $ 19,200 or around Rp. 287 million. Over time, the Taihuttu family has sold and bought back Bitcoin at the right time.
“That’s how Bitcoin works,” he said.
Didi said when the Bitcoin price was at US$ 55,000 at the end of November 2021, he sold 15% of all crypto assets he owned. “US$ 55,000 for me is a sign that our (assets) will go down,” explained Didi.
In the past decade, bitcoin has endured two times of pressure before finally rebounding. In 2018, Bitcoin lost more than 80% of its value before finally bouncing back and climbing to an all-time high last year.
Didi, who claims to study crypto market movements, predicts Bitcoin will bottom out between US$15,000 and US$20,000, before soaring above US$140,000 in 2025. And now, according to Didi, is the last buying moment.
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(fdl / fdl)
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