Family's 'Secret Weapon' Sells All Assets to Buy Bitcoin

Portugal Didi Taihuttu trades based on his self-made Bitcoin price indicator based on lunar cycles and dozens of traditional indicators.

In Lagos, a small coastal town in southern Portugal, Didi Taihuttu starts his day lying on the terrace of his villa. It is a house on a hilltop overlooking the sea. In the sun, Taihuttu drinks black coffee and monitors the Bitcoin price chart on his laptop.

In 2017, this Dutch family of five became famous for selling all their assets, from a profitable business to a house of more than 2,500 square feet and even their shoes, to buy Bitcoin and start a life of traveling around the world . At that time, Bitcoin was only worth 900 USD per coin. Currently, this currency is trading around 30,000 USD and once reached nearly 70,000 USD in November 2021.

These price movements have helped Taihuttu’s family grow their wealth significantly. For the past seven years, Taihuttu has been trading Bitcoin and stablecoins. Whenever he thinks Bitcoin has peaked, he converts Bitcoin to stablecoins like tether, USDC, and DAI. When he feels Bitcoin has bottomed, he buys back in. Taihuttu says his strategy works well thanks to a tracking indicator he created before the pandemic, called Didi BAM BAM.

The Taihuttu family in Lagos (Portugal). Photo: CNBC — The Taihuttu family in Lagos (Portugal). Photo: *CNBC*

Taihuttu's index is based on a variety of components, from transaction data to lunar cycles. All of Taihuttu's investment decisions over the past few years have been based on Didi BAM BAM.

“From mid-November to early December 2022, we saw signs that the bear market was about to end completely. This was confirmed in January 2022 when bullish signs appeared,” Taihuttu cited as an example.

The father of three said his Bitcoin holdings have increased by 50% since their recent low. The Taihuttus declined to share their Bitcoin holdings, but said they bought Bitcoin as soon as it hit $19,000, so “it’s not too bad.”

Their current home is in Portugal – considered a cryptocurrency tax haven in Europe. “You don’t pay capital gains tax or anything related to cryptocurrencies here. As long as you don’t receive payment in cryptocurrencies for providing services, you don’t pay anything. It’s a Bitcoin paradise,” he said.

When he started trading tokens, Taihuttu also used traditional models to predict the market, such as Stock to Flow (based on the scarcity of an asset) or Mayer Multiple (taking the current Bitcoin price divided by the 200-day moving average price). But then, realizing that they were not useful for him, Taihuttu decided to create his own forecasting model.

“Knowing what ingredients go into a recipe isn’t enough. You need the math,” he says. Since 2019, Taihuttu has been working on engineering and astronomy.

“It is a combination of Bollinger Bands, Lower and Upper Bands, NMA, Red/Green Ribbon, NormStoch, RSI, Price Oscillator, Plot, MACD, Cross, Chande Momentum Oscillator, RSI-EMA, Full Moon and New Moon theory,” Taihuttu said, listing the names of dozens of popular market indicators that investors often look at when making decisions.

Price chart using DiDi BAM BAM indicator. Image: Didi Taihuttu — Price chart using DiDi BAM BAM indicator. Image: *Didi Taihuttu*

There are also invisible factors that influence prices, such as the lunar cycle. “I wouldn’t say it always has an impact on Bitcoin prices, but the moon has a lot of influence,” Taihuttu said. He noticed that when the moon is full or half moon, people tend to trade more.

"They tend to buy more, or sell more. It could be a coincidence. But if you look at the chart, you will see that most of the time on full moon days, there will be a dip or a spike," Taihuttu said.

The lunar cycle also affects the monthly opening and closing of Bitcoin options. “If the price is at the upper Bollinger Band and there is a full moon, there will be a sell-off,” he said.

Taihuttu usually sells DiDi BAM BAM to investors. But he said he will soon give some of them away for free to promote the popularity of Bitcoin.

Still, Taihuttu admits that his business will eventually lose its edge because of artificial intelligence. "Now anyone can go to ChatGPT and ask: Write me an indicator based on this or that. I'm going to run out of business," Taihuttu concludes.

Ha Thu (according to CNBC)

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