In the small coastal town of Lagos in Portugal’s Algarve region, Didi Taihuttu starts his days on the rooftop of his villa. From there, he enjoys the view of the Atlantic Ocean and drinks his black coffee while analyzing cryptocurrency price charts on his MacBook Pro. Taihuttu, the patriarch of the Bitcoin Family, traded his assets for bitcoin and embraced a nomadic lifestyle back in 2017, when bitcoin was valued at $900. Now, with bitcoin reaching over $30,000, Taihuttu’s family has seen their crypto nest egg grow significantly.
To take advantage of bitcoin’s volatility, Taihuttu regularly swaps his bitcoin for stablecoins and vice versa. He has developed his own market indicator called the Didi BAM BAM, which considers various inputs such as trading data and moon cycles. According to Taihuttu, his indicator has guided all of his investment decisions and has proven successful, resulting in a 50% increase in his bitcoin investment since the bottom of the most recent bear market.
Living in Portugal has also worked in Taihuttu’s favor, as the country offers favorable crypto tax regulations. In Portugal, there is no capital gains tax on cryptocurrency as long as it is not earned for providing services in the country. This makes Portugal an attractive location for crypto investors like Taihuttu.
To optimize his trading decisions, Taihuttu developed a custom-built predictive trading tool that incorporates a blend of technical indicators and even astrology. This tool provides real-time insights into potential price swings, helping Taihuttu make informed investment choices. He has also observed that moon phases can influence trading activity, with more trading activity occurring during full and half moons.
However, Taihuttu acknowledges that his business model is changing. With the rise of generative artificial intelligence systems like ChatGPT, anyone can now create their own indicators based on various market signals and cycles. This has led Taihuttu to consider giving away his trading tool to selected bitcoin evangelists to promote adoption.
In conclusion, Didi Taihuttu’s journey as a bitcoin investor and trader has been influenced by his self-developed market indicator, the Didi BAM BAM, and Portugal’s crypto-friendly tax regulations. While he has seen significant success, he recognizes the evolving landscape of AI-powered trading tools that may impact his business.