The Man Who Put Everything He Owns Into Bitcoin | Moving Upstream
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- Опубліковано 31 жов 2018
- Last year, Didi Taihuttu sold almost everything he owned, poured it into bitcoin and moved his family into a trailer park. In this episode of Moving Upstream, WSJ’s Thomas Di Fonzo goes on a year-long journey with the “Bitcoin Family” as they bet everything on a decentralized cryptocurrency future.
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In other words, He left the Matrix to serve a purpose and to live every moment possible appreciating his loved one's. His father was a reminder of a life he didn't want to repeat. What an inspiration!
He is ready for whats coming. Clearly ahead of the curve. 💪💪💪
Are you willing to invest on bitcoin ?
@@gregmitchell8835 I’d hope you’re invested Greg. Especially since Bitcoin has skyrocketed to 57k since you commented! Godspeed to those who are! Lift off to 100k 🚀
He is a lucky man for having such a supportive family.
Samuel Pezzetta imagine all the supportive families about to lose their kids because WSJ took 27 thousand from St.Judes
Haha, when he said that he doesn't have an endgame, his wife crossed her hands which is a textbook indicator of disagreement. If he teaches his kids skills which they will be able to use to acquire capital and increase their wealth, the family will stay together and live happy ever after. If he won't, that will change.
In either case, I'm really happy for him as I've wanted to leave the standard way of life for a long time but it seems that I have to wait many years more to secure funding for that. Make the dream happen, Didi!
They are right about the education system. It teaches you nothing about adapting for the changes that can happen in the future. The matter of fact is, the monetary system can be managed by technology better than by a single entity that can print money. Decentralize a lot of the important aspects of life and you become free. You are more relaxed in life and are able to achieve what you would want to achieve.
I think his wife was forced to do it or leave. it was his idea and he seems to be an alpha man so she is in it regardless. she seems a little bit unhappy and concern. and the kids are so happy because they don't have to go to school any more.
@@kmurph512 I'm all from him - I'm heavy invested in bitcoin and I have about a 60% unrealized loss- but I'm single with no kids and no obligations. but I can not support a man with a family and kids doing this regardless. I totally agree with the downsizing and home schooling. first he could of taken a reasonable amount of gains occasionally thru out the investment period so in the event of things not working out fast enough he would be able to easily sustain all of his family needs including the full emotional needs of his WIFE and an inheritance for his children. If Bitcoin is going to hit 250,000 why do you need to try to put every single dollar you have into it. makes no sense at all. if it's going to the moon what the difference between gaining 500 million instead of 1 billion dollars? You can always make money but you don't get LIFE back that was full of years worrying especially as an adult (his father passing/mine as well). and it's clear this was not his spouse's plan or idea.
This is actually quite beautiful. He has found real freedom
I loved when he said , "Normal Schools prepares kids for the past, we prepare our kids for a decentralized future". ✌️
The kids are insured to be a multi milliner's...
When he said that, I realized that almost every skill I've used to earn money I mostly learned AFTER school. That's probably only gonna be more true in the future as technology changes even faster.
I'll credit early elementary school for some of the basics, but that's about it.
Hes right. If you teach kids business, social, home skills and technological skills (he ran a software teaching company), problem solving and objective thinking. That's all you need. It's so easy to learn new things with the internet. And in the new age to be rich is to be independent, not work for others.
but i suggest people still get pass through highschool though
CaliCoins 28, thats actually stupid. if you teach kids about the past, they will be better prepared from making the same mistakes of the past.
So he is basically still up as of this moment. Good for him.
Title should be: person who switched to minimalist lifestyle invests in bitcoin
Yeah, Bitcoin is dead said way too many people 7 months ago. Oops! Looks like it is closing in on 12K again!
Bitcoin "dies" every 4 years. Then I buy it again. Sell it when you hear people whispering on the phone to their wives about it. Or when the shoe shine boy tells you its the best thing ever and you gotta get into it..
Crocodile tooth correction in bull rally? Or C-wave correction to new low? I'm about 65% for the former... 35% the latter.
@@davidbinkowski4825 I'm about 20% for the former and 80% for the latter at this point.
@@matthewlipton2998 I'm surprised. So you're seeing a new low to be made under 3,000 ?
Are you willing to invest on bitcoin ?
Bitcoin has been a good investment for rest of this year and going to be forever
For me, he is thinking outside the box, and his life is decentralized, exactly what crypto was invented for.
these videos have aged well and are going to continue aging even better...
up, down... who cares. this man is free and in charge of his days... amazing.
best comment here. :)
kudos to you.
how to be in charge of his days when it dropped from 20k to 3k? he can't even afford petrol now for his rv
yes how amazing being responsible for 3 kids and not even taking them to school and "branding" them as bitcoin family living in a trailer.
now what guys? lol
@@JasonChowTV lol
This man is clearly winning.
@@johndillinger1918 Theres alot more ppl in the bitcoin game now. In 2020 theres a chance it will go beyond 50k or even 100k.
Didi I is so much smarter than the average slave and will reap to benefits in the long run with this amazing technology that will change the world!
Right now ? Yep... i mean if you live a minimalist lifestyle you don't really have to work with 1mil invested in bitcoin, even in stock market if you know what you're doing.
$13000 this is just the begin
This guy is about to be a Genius in a few years.
I would love to hear the names of the "bitcoin experts" they say that the value won't increase much in the next few years. I just like to keep data like that for future reference.
look up - bitcoin obituaries
asking someone how many bitcoins they hve is like asking how much money they have in their bank account. Very few would be comfortable answering that question.
yup its like asking to get robbed
And why does this FAKE news media care?
I have only 57% of a bitcoin.
@@stephenoneill2844 There is a guy I know sells bitcoins for like $20, I have a bag full of them, i just cant figure out how to turn them into internet.
I have 7.6 Billion Bitcoins I will never sell them. When each Bitcoin is worth 5 million I will sell.
I respect this guy for having the courage to stand firm in his convictions regardless of whether the market is up or down.
This man will have the last laugh.
yup its 3k now. definitely laughing while sleeping under the bridge and sell his daughter to the strip club
or the worst cry
@@JasonChowTV haha you will see dude! Believe me this men knows what he's doing 😉
@@r.j.8805 lol... he doesnt understand how this scam works and who was behind globally... and he doesnt understand a thing about market psychology and money managment...
@shmadz problem was at the times when those drops happen not many people were involved... its a well planned scam...
He's my inspiration. Look at WSJ constantly trying to make him look like a crackpot ... while those who gamble everything on the stock market are normal. Lol. Bitcoin isnt going anywhere. It's the money of our future.
W...H...A...T...S...A...P...P
+...1...4...0,,,5...4,,,0...0,,,2...2,,,2...8
Today, he is enjoying his day. June 25th 2019
I mean, he bought btc at $1k. Pretty sure he is doing very well for himself now.
yeah with the amount of btc forks that has happened pretty sure he's ok
Nope he only has $291k left. 500k/12 X 7 = 291k
@@heyhandsome8079 500k wasn't total it's just what he lost from the high.
@@MeZzZzZzZzZzZzZzZzZSorry, my calculation was a little wrong. But what im suggesting is that what he has left is very little in the ball park of $300k. If 500k represent a loss of 60% then what is the remaining 40%.
@@heyhandsome8079 if he sold his house which was worth at least 250.000 he got approx. 250btc x 19 = 4.7m - 60% = 1.9million.
Long story short: HE IS JUST DOING FINE! :)
Latest update is to search for Bitcoin family on you tube. Brilliant updates and im well jealous of him and his families choices
Thanks for sharing your comments
People are making huge earnings through Bitcoin, Feel free to write Douglas Hakes, to help you make more Earnings on Bitcoin
His strategies are top notch 🇱🇷....
+ 1 ( 2 0 8 ) 3 9 1 - 4 2 2 4
The strategy is simple, guys: buy high, sell low.
And lose everything.
tips from WSJ are the best tips!
@@prokeep_chick9922 Don't forget CNBC! Also great counter indicator.
@Joe Smith Time-tested strategy, guaranteed to lose money!
HODL2ZERO
He is sticking to his decision irrespective of what's happening in the short-term. I respect that.
You respect a man that gambles with his family's future in the name of greed?
@@tbone5654 Yes big gamble, now he has 40 million dollars.
@@Ruud1911not if he doesn’t sell crypto is crashing
I hope he still owns his bitcoin today :)
he does and u should do too... just a friendly reminder
Togethurrrrrrrr
Yes he has a channel called the bitcoin family
He has a channel - the bitcoin family ;)
He actually has cold wallets of bitcoin in I believe 9 different country's at secret locations of course. Dudes set for Life and his kids and there kids too and the dog lol
People who don't buy Bitcoin now will be saying at a 100k Bitcoin, "Dam I remember the 20k Bitcoin."
Hormel this comment didn’t age well
@@dancer1 lol. have mercy on him
Just hodl and wait :)
45k in feb....😁😁😁
@@dancer1
June2024 BTC in Oz 100k. And I hope to buy next month just one.
He is sitting pretty now. Hope he kept everything in there.
This man is going to be millionaire years from now!
Not years
Ya right, it must be so fun living in a small trailer with a family of 5 but ya good idea
@@mike814031 He's certainly not living in a trailer now if you follow him on bitcoin family
Gotta love this guy..
Today the Bitcoin price is already much higher then at the time of publishing.
The economy & financial markets crumble and Bitcoin grows. Well played, Didi 🧡
lol this guy doesnt need to sell any
think about this... dude had a business and a home he sold those for btc at $1000
say he cashed out his business for something small like $200k and only got $100k for his home but put it all into btc
thats over 300 btc he owns right now all worth over 6x more than he paid, dude is prolly a secret millionaire
Exactly! and he's living the life he desires.
Didnt you hear him say "Ballpark figure...we lost $500K".....
@@aimeetiscione3701 since the bear market started he lost 500k
@@cidsapient7154 That means he only had a million or a million 5 at the top.
Now he has about 800k.
@@aimeetiscione3701 more like unrealised gains that turned into losses
He bought in at $1k. It's still at $6k. That's 6x his buy-in.
Exactly I was thinking the same thing. They are actually doing pretty well.
average price is higher. he continued to increase his investment as it rose
no he bought also at 300 dollars several bitcoins. he said this on a dutch program on tv
He bought some when it was cheap, but he went all in at the very top. So, he's underwater right now.
@@johnny3583 i don't think he is underwater, if he say he could buy a new house or a new lamborghini
What an amazing story of courage, dedication, wisdom, and family commitment. Brave New World...kudos to them.
2019 June 23, I hope he save some up. We just hit 11000, consolidated to 10700. Bet he's feeling better now. Best wishes for this Family.
Today. May 30th 2019 it’s back up again to 9k. An all year high. Things are looking positive.
Things have been looking positive when the prices as 4k as well, those of us who have been trading in Bitcoin since near the beginning know that Bitcoin has always gone through capitulation cycles about every 2 years. Once we top out at an all time high, there's a large price dump, then the media claims Bitcoin is dead, then the prices surges to a record shattering high again, each cycle ends with an all time high about 15 times higher than the previous high, the next high (which we will hit around 2022) will be at about $300,000.
It always will be positive if poeple understand the way it works ✌🏾
When it hits a million $, he will be the last one laughing.
Cmon tell the whole story...Firstly: he's 80% HODLing and 20% trading, Secondly he started investing in BTC already in 2010, Thirdly they teaches their kids themselves, Fourthly BTC is more than just a currency, Fifthly, its gonna be HUGE
This is amazing and educative. I hope you make a video about Grizzlyfi soon
Sad to hear about his father. Good luck son!
Who noticed 4:34 Didi showing the guy the wall st bubble chart on his laptop 😂😂😂😂
I love everything about this guy.👍
Do you have any other ending game in mind? "Yes, a bridge".. LOL
As soon as everyone started talking about bitcoin, I sold. When hipsters in cafes urge you to download coinbase and buy, that's when you know it's over.
me too!
May 27, 2019 Bitcoin is heading back up from $3,300.00 to $8,900.00 usd
12.6k now lol
His aim was to change his life and he has done it. What a beautiful family he has. I sincerely hope they are doing ok during the corona times. Much love from Amsterdam!
The journalist misses the point. The man doesn't need an exit plan or end game, he is just LIVING. Something the journalist is obviously unable to comprehend due to his reliance on a 9 to 5 routine. As the saying goes 'Get a job, go to work, get married, have children, follow fashion, act normal, walk on the pavement, watch TV, obey the law, and save for your old age. Now, repeat after me: you are free'.
It’s good to see it’s not all about the money ,it is also about freedom. Long live Btc
I think it's about the money.
Lol if any cryptocurrency was only about freedom, it would be originally made to trade at a certain price compared to fiat for its whole life (I.e. 1 btc=1000 USD) without the chance for movement. This is the only way it will become popular as such a tool.
That is 50% of the concept!
long live.
Money = freedom if didnt cash out hea fked
"Normal schools prepares kids for the past, but we prepare our kids for a decentralized future!" Thumbs up ...
Didi is an inspiration. What a sensible and courageous family. I love this story and hope to be where he is soon!!! Bitcoin broke 10k and will be 20+k in a few weeks!!!!!!
Thank you Carl. Interesting as usual. Rainy and cold outside my place...
yeah I am Happy for him that BTC is surging
I would like to see a vid about him in December 19 and 20. I bet things will be very different
Market cycles are everywhere. The lows are your friends because that is when you buy, providing you know what you are buying is worth it! These currencies are ten years old now and have gone up and down like every other market. The good news is they go up fast and go down fast...
The only analogy that comes to mind is selling all of your stuff, flying to Vegas, and putting everything on 00 at roulette.
some quick math he said lost 60% and he also stated that he lost 500k if you divide 500k by 6 and multiply by 100 and divide by 19k he has around 43/44 btc which is worth 250k usd today
He has lots more, it must be 200+
now at $1.6 million usd!
Keep Holding bro we almost there!
Don’t believe this man he definitely cashed out atleast partly at the top. He is holidaying around the world with his family no chance he is doing on that on homeless money
Good on both didi and the producers for highlighting that he feels that he is still accomplishing his goal (even if viewer may feel otherwise). I loved his response and perspective in that he wanted to change, he achieved it daily, and is grateful that the accomplished and reality are copacetic. Bless up.
People LOVE to watch other people fail.
This guy may seem nuts....but in 3-5 years if he sticks to his guns, it will be worth it.
fcukin' 100%
He bought most of his bitcoin at $1000 it’s now almost $7000 I’d say he won.
I only like to see assholes fail. This guy seems pretty decent.
He is still a winner in my books
@@alter3go411 I have an issue with how he is depriving his children of basic education. Other than that, seem like a nice guy.
spot 5200 lift off ... great video .... see you at the top again folks.
Perfect timi9ing today from Moon man. Found yaa. Respect my brother.
much respect.
Interview him again when BTC reaches $100,000.
so that would mean we would never hear from him.
@@bigpotpoker1 we will just wait a few years
It already did...100,000 pesos
Never happening.
@@KingBoraBeats will see when btc halves
This man is a legend! I totally started to worship him when he said that schools prepare children for the past, and he's preparing them for the decentralized future. There is not just technology and computers in life, but I am sure that he is educating his kids about the social and spiritual values too. Wish you the best man! Show the system how life should be!
Psaikodelik But when people don’t learn from the past, they are bound to make the same mistakes.
A straight line in a log-log graph.
Total respect to this guy and his family. His choice is reckless, if he fails he'll be remembered as a fool but if he succeeds people will praise him as a genius. I think that the odds are in his favour, crypto will change the world.
Price will start skyrocket in 2019
Hope you took your own advice
@@sasukesuite1 haha tbh
Electroneum Rich lol
lol nope
9:40 the way she crosses her arms, moves back and gives him the look. 🤨
Tampatec noticed that too. You can tell doubt is building up in her. Like ”seriously you have no plan???”
The old "i'm keeping my options open" look...
Guarantee divorced is coming for this man, he better keep enjoying what he can for the time being.
@@Itwasme007 still think so?
I have been wanting to know for a while now what had happened to this guy and his family, thanks WSJ!
This is one brave dude and his woman deserves a medal... where can I find a partner like that?!
ONE THING THEY DO RITE DON'T SEND THAM TO SCHOOL WASTING TIME.
Yep...shoor werked gud for youse...
20% of my liquid assets in crypto myself. But also zero debt, homes paid off, cars paid off, college for 2 kids funded. Can't imagine gambling any of that on any 'potential rocket.' Hopefully he has passive income sources and isn't just waiting for his portfolio gains.
BTC hit almost 70k. You can be sure he offloaded some and then re-invested at 18k. That’s pure genius. He escaped slavery. He’s my hero.
Respect, he simply change his life from a Machine to a Human. So he lives, while other people works for the Goal of others...like Machines.
You know what's an even bigger bubble? The US dollar..keep quantitative easing, see if you don't end up like Zimbabwe.
@BeGood 2Me Thats not the case. QE is not another word for hyperinflation. QE is that the government print more money to buy up stocks people even would not touch with a pole. Those money never get into circulation with the other fiat currencies thats in the market. Its just that the goverment hold more stocks. The problem is that QE is making a market bubble like bitcoin. QE will decrease in the future, and interest rate goes higher that will make the market bubble pop. Another reason to store your wealth in crypto currencies in the future..
@@TagS883 if i buy a stock for 100 and it goes to 130 cos the government is pumping the market, i cash out and i get a profit, and it's in my pocket at that point. One way or the other that money will enter into circulation, it just takes a bit longer
@Danijel Mornarić money.visualcapitalist.com/worlds-money-markets-one-visualization-2017/
too big to fail mate
@BeGood 2Me You should learn about the M1, M2, M3 money supply. The finances propping up the economy are well-hidden in assets you wouldn't know about. Tage S already surmised it quite well. For more information, check out Mike Maloney on UA-cam.
Man if I did that my miss would of left lol...... oh well more bitcoin for me 🤣
Beautiful, blessed, loving family.
Appreciate that you can take risk and help the common people
Apparently when the presenter pressured didi to come clean as to how much he had in btc. He said he lost $500k and said his portfolio was down 60%. That means, his total investment was around $833k. Because $500k = 60% of $833k. Therefore, his portfolio at time of interview was worth roughly $333k. After cross checking, $333k /$833=40%. I think his poertfolio has since dropped further.
Bitcoins today is 50.000 dollars, so how much does he have today?
The fact that you're still talking about a bubble tells me alot.
it was a bubble, that burst...now it's dead
@@steelyspielbergo low IQ
@@steelyspielbergo bitcoin historically pulls a 10x after the 1/2 cut to the mining rewards.. Checking previous cycles and comparing the dates of the halvening will do you some good.
The big boys play on this.
@@steelyspielbergo 2012, 2016 and soon to be 2020 paired with elections. Gonna be lit fam.
mike spence still think that? Check the price for 1 bitcoin at this current time.
GENIUS!!!
Gotta love his "rocky" robe.
Where are all the non believers now???? Haha
When the Internett came or the .com was starting to get popular.. Nobody belived that internett will stay for a long run. Same story here.
What about now 🤣🤣🤣🤣🤣
Can't wait until one Satoshi is the equivalent to one penny (for all the skeptics that want to know what we will compare with).
Great guy! This Didi. example for many people if you ask me. He didnt risk, he did his research well and decided upon that. Seems he was right when looking back to 2018 from 2022 XD
Awesome video
don't underestimate one thing: the power of branding! not necessarily bitcoin, but branding
In the end he will have the last laugh.
and 40 million dollars today
Wow, what a amazing story, I wish to be there too!
He did fine, it's going back up, plus he's enjoying his time with his family.
Bitcoin is going down like crazy and that's the end of the year - with under 3k. He prepared already to be homeless so that's what he will be stuck with at February 2019.
HAHAHAHA love his flip flops and Kimono but aside from 20-20 unkind hindsight ... my laughter that is :) A Big HELLO and question ... something to really think about??? besides all the miners shutting down 100% if BTC dips below $2K ??!! A QUESTION on Crypto Market Cap. IF Bitcoin goes to
I first got involved in bitcoin in 2009 when nobody knew about it. At that time it was worth only around 0.1 cent each. You could buy 10 bitcoins with a single penny.
It gradually increase year after year to around 1000$ in early 2017.
So far we did it all without any advertising, media mention, or marketing strategy. Just a bunch of computer nerds and libertarians who want to challenge the status quo and poke the powers that shouldn't be in the eye.
Than suddenly something very weird started to happen: the media started to talk about Bitcoin ad nauseum. That brought Bitcoin out of the closet, but it also invited countless wanna be speculator and kewl high school kid into Bitcoin. They all wanted to buy it without understanding what Bitcoin is. They all think it's some sort of speculative asset, an investment vehicle... it's not.
The media is responsible for the bitcoin bubble and roller coaster of 2017.
Bitcoin is now worth about 3500$, or almost 4x what it was worth before the crazy media bubble started out.
And you think Bitcoin is down?
We are only shaking off all the wannabe speculators who bought into bitcoin without understanding it.
I think Bitcoin will remain at current levels, or even drop a little for the rest of 2019. Than it might take off again.
@@HybridGlobalCitizen
Bitcoin was at 1000$ in early 2017. And there was plenty of miners involved. Why would you think that miners will all quit if it gets below 2000$?
The only ones quitting now are the ones who started mining during the 2017 hype.
For the record, if every single Bitcoin miners where to shut down tomorrow, I could mine Bitcoin on my laptop. Yes, my little laptop could validate all of the transactions of the entire world. And I would reap insane profits too. But that's not going to happen.
@@HybridGlobalCitizen I was mining when Bitcoin was barely worth 10 coins per penny. Plenty of people were mining when it was worth 1000$ per coin.
What on earth makes you think every miner will quit if it gets below 2000$?
If every miner turns off his ASICs tomorrow I could mine Bitcoin on my laptop and earn 24,000$ every 10 minutes. (12 coin per 10 minutes x 2000$).
So your fears are not based in reality.
pepelapiu2004 Yep, Bitcoin did take off to over 5k lol
7:56 well he said he lost more than 60% and later said he lost 500k, so his fortune is just something around a million bucks in bitcoin
Yep, and if that 1 mil was based on the ath price of btc then he probably holds somewhere around 50 btc coins.
Hope he doesn't get hacked.
9:06 I get the feeling mom wants the kids back in school. This is his dream, not theirs...
..."Just" . 😂
@@atothezeezee if he keeps his btc just on a cold storage wallet he is safe
Why should we live like everyone else?
We only have 1 life to live.
This is not only about Bitcoin, it's about lifestyle change to be Free from the work hard routine we all encounter daily and never gets us anywhere but more stress.
I left Canada to live in Mexico and happy I did 💯😍
Great video
Never put your investments in one basket.
stefan arsic why
0:47 that golddigger look she gives him
Miracle! Man becomes BTC millionaire AND finds love of his life all in the same month!
@@zada4a A miner! :)
dont wanna take a risk, but working at a bank LOL
DD we love you man! hodl strong
It is a gamble but he has low-income state subsidy as a backup. In Europe you can become rich, but you'll never go hungry.
Cristóbal Auladell: LOL...Hating the "american dream"?! It seems people are finally waking up in America...
Don't glorify Europe. We have a lot of problems (and I've visited many countries where the locals were all to happy to show the cracks). Really, we are living in a global economy which sucks for many but increasingly it seems that Americans are going to pay the price for being so deep in debt. Don't worry, we're next.
@@whatsupbudbud I wouldn't trade Europe's social system for the american one...sorry...
@@SmartRobot-wc2fb Japan has had the best social system in the world but cannot cope with the decreasing number of young workers. This is happening in Europe as well. And it doesn't matter if you have nation-wide government insurance scheme like in Japan or go private as it's all invested in funds that can and do go down. Just this October tech stocks fell and many people in my country complained that their pension fund portfolios lost value. When the US stock market crashes, NO pensioner in Europe is safe. That's global economy for you!
@Nug U In a way yes...maybe...China is the one feeding the world for more than 10 years now...they are the REAL economy...the USA is ESPECULATIVE economy...for the most part...that's why so many people keep saying cryptocurrencies don't stand for the future...
Prime example of financial illiteracy + greed + mid life crisis + mass hysteria can do to a man.
Concerned Citizen he is living a much simpler life than most people. He has a small easy to maintain cheap house, his family seems close, he is not stuck at his previous sh*tty office job, gets to travel, and will always have a story to tell. If bitcoin hits 1 mil he will destroy everyone who ever laughed at him. I’m actually sort of jealous of his life.
@@CelonixCleaningServicesLLC What isn't shown in the video is that he's forced his family into a life of poverty where they can barely afford to eat. Without sponsorships he has nothing and is struggling to survive.
We will see. I think you might regret that comment in a couple of years.
Its crazy that this guys is from my country..
GREAT video!
Thanks for your watching & commenting
For more guidance...
W. .h. T...S ..A. p..p.
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