Cashing out Bitcoin to save a dog’s life from cancer is 'the moon for us'
How much is a doggo’s life worth? For one Redditor, “dojeckahedron” saving their pooch from the clutches of cancer is worth their entire Bitcoin (BTC) stack.
In a tearjerker of a Reddit post, the dog owner from the States shared a photo of their pooch, Derby. The message said they cashed in all of their Bitcoin to pay for their “bestie’s radiation treatments.”
Dojeckahedron told Cointelegraph that they are “grateful” that they had Bitcoin to pay for Derby’s radiation treatment. For Dojeckahedron and their family, using Bitcoin as an investment strategy to pay for things was enough:
The family began accumulating Bitcoin “right at the beginning of the pandemic.” Back in March 2020, when most of the world was locked down at home, many retail investors began to learn about Bitcoin and cryptocurrencies–the Dojeckahedrons included:
Cointelegraph previously reported that Americans investing their stimulus into Bitcoin made $4,500 profit. For Dojeckahedron a Reddit comment revealed that they had “doubled” their initial investment using the world’s most popular cryptocurrency.
The Dojeckahedron family had sadly already lost Derby’s brother to cancer six years prior, so “after weighing all of our options, cashing out [to pay for treatment] was the best way for us to avoid completely depleting our personal savings."
When asked whether they could have taken out a loan against their Bitcoin in order to HODL and still pay for the treatment–like one British engineer did to pay for his Mom’s house–Dojeckahedron said they “did not know that taking a loan against it was an option.”
They added that taking out a loan using Bitcoin as collateral is something they “would have considered that had we known.”
A silver lining for Derby’s parents,
Read more on cointelegraph.com
