A US Reddit user cashed out his entire Bitcoin (BTC) investment to pay for his dog Derby’s cancer treatment.
Saving a dog’s life from cancer Spending Bitcoin
In a Reddit post, US dog owner “dojeckahedron” shared a photo of his dog Derby, in a message to welcome the “best radiation therapy” He said that they have converted all their Bitcoins into cash.
Dojeckahedron says he’s “grateful” that his dog Derby has Bitcoin to spare for radiation therapy. Dojeckahedron and his family started buying Bitcoin “at the start of the pandemic”. The family was among those who learned about Bitcoin and cryptocurrencies in March 2020 when most of the world was at home.
I believe we made our initial investment in April 2020 and then invested primarily in our incentive controls with a few small purchases during some downturns.
A Reddit comment for Dojeckahedron reveals that they “doubled” their initial investment using the world’s most popular cryptocurrency. Derby’s brother had died of cancer six years ago, so “withdrawing money to pay for treatment was the only way we could avoid completely depleting our own resources.”
indicated they would “consider” taking out a loan using Bitcoin as collateral
The Reddit Bitcoin (BTC) community not only wished well, but also helped Derby’s family refill their Satoshi .
The Bitcoin addresses they shared in the subreddit comments have already collected 0.0058 BTC ($200) from dog lovers and philanthropic Bitcoin investors. This isn’t the first time we’ve seen crypto strangers come together to help people in need. Earlier, crypto donations for Ukraine exceeded $37 million and a cancer patient raised cash on Twitter. For Dojeckahedron, Bitcoin is a “hobby” that is “too unpredictable for us to feel comfortable with as it is our only safety net.” They summarize their feelings as follows:
Money is just money. Our dog Derby has been our best friend and companion for 12 years.
As we covered in the news onKriptokoin.com, Monero (XMR), an altcoin that allows anonymous transactions, has witnessed a major protest in the past weeks, claiming that exchanges do not accurately reflect XMR reserves. . Thousands of users have withdrawn large amounts of XMR from centralized exchanges, and the price has risen from 5% in a short time, regardless of the market overall.