October 2017 The family sold all their valuable possessions and house for Bitcoin. The decision paid off and the Taihuttu family traveled around the world and recently moved to Phuket Island. On Nov. 30, his 44-year-old Didi Taihuttu told CNBC that after years of storing cryptocurrencies in cold storage, centralized exchange (cex) platforms and decentralized exchange (dex) protocols, he was sent to the Netherlands. ‘s family said they decided to actively transfer $1 million. Convert digital assets to dex protocol for more control over self-custody.
Didi Taihuttu and family take proactive steps to self-manage their crypto assets
Just five years ago, Bitcoin.com News reported that Taihuttu You can save Bitcoin (BTC) on homes, children’s toys, vehicles, etc. reported after a family decides to sell. Family matriarch Didi Taihutu spoke to her CNBC on Wednesday, saying her family is migrating her $1 million in crypto assets to the dex protocol following the collapse of FTX. explained.
Before making the decision to move funds aggressively from the cex platform to the dex protocol, Taihuttu said that the family decided to transfer some of the funds to trading companies such as Bybit and Kraken. I detailed what I had stored on the platform. “If you don’t send bitcoin to an exchange, it stays in your wallet, which means you have full control over your coins.
Taihuttu continues:
Bitcoin is always in your wallet, so it doesn’t matter if the Dex collapses.
Taihuttu explained in 2017 that he of the cex platform learned a lesson when Cryptopia was hacked and lost four Bitcoins. “From that moment on, I was always looking for alternatives,” he says Taihuttu. As far as FTX is concerned, Taihuttu argued that “too many influencers are being paid a lot of money to promote it.” The family did not disclose the amount of their crypto holdings, but they have around $1 million worth of BTC,ETH,LTC, DOT, and other tokens. will be transferred to the decentralized exchange that said it holds
Taihuttu said the current drama related to FTX is similar to what happens in every Bitcoin cycle. “We seem to learn that lesson with each Bitcoin cycle. It was Mt Gox, the Bitcoin ban in China, the mining ban. There is drama every time,” he said. Added. Taihuttu truly believes thatBTC is stable and simply doing what major crypto assets always do.
“Looking at the current situation, we have a massive war going on, we have a huge financial crisis, we have FTX, we have Celsius, we have a lot of bear market signals,” said Taihutu. he told CNBC. “I think Bitcoin is really strong at $16,800. To me, Bitcoin still works perfectly and has always been a decentralized currency that can be used by everyone in the world.”
What do you think of the Taihuttu family’s progress and their $1 million move from the cex application to the dex protocol? Share your thoughts on the matter in the comments section below. Please let us know.
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