Youtuber NasDaily’s Bitcoin buy is $200K underwater: ‘Be greedy and HODL’

YouTuber NasDaily went through a Bitcoin (BTC), baptism by fire. This influencer and entrepreneur with more than 50 million followers, invested $500,000 in Bitcoin right before the bear market.

Cointelegraph spoke with NasDaily, whose real name was Nuseir Yansin, during the World Economic Forum in Davos (Switzerland). Cointelegraph was told by Yassin that the Bitcoin he had saved half a million dollars is now worth $300,000. He added with a smile that it was “a great test for conviction.”

He is more certain than ever that crypto is the future, despite the loss of paper.

“Even though it drops to zero, I believe there must be a way for the Internet to generate value. And I am betting that Bitcoin will be a one-in-a-generation phenomenon.

Yassin bought more than 10 BTC ($500,000) in March, when the price was about $40,000. Yassin was captivated by the “revolution” in the world and bought Bitcoin just as his Youtube videos took on a crypto focus.

A thumbnail of a NasDaily video from March 2022. Source: Youtube

Yassin stated to Cointelegraph that his motivation is sharing stories with his audience that are meaningful, but that he also believes that “we must talk about it [crypto]”.

“Crypto opened my eyes to the problems of today and how we can fix them collectively.” This is why I am excited and I must educate others about it.”

Yassin jokes about how the digital currency revolution was so important that he had “force crypto down everyone’s throats of anyone that follows NasDaily,” since he educates his audience daily with videos.

Yassin, unaffected by his $200,000 loss in Bitcoin investments, continues to buy more and add 3 BTC to his stack. This was just days before the WEF. The below tweet shows Yassin receiving a Cointelegraph cap in front of Hotel Europe, which is on the WEF’s promenade.

“I bought 3 Bitcoins a few days back” – @nasdaily, an internet sensation and content creator with more than 50 million followers across various platforms. #WEF22 #Davos2022 Do you also buy the #Bitcoin dip
— Cointelegraph (@Cointelegraph) May 24, 2022

Yassin, a HODLer with conviction offered his advice to newcomers to Bitcoin and bear market:

It’s time for greed. If you have something you want to build, then invest. Everything is now on sale. Today and the next twelve months, I am greedy.”

Yassin is a big fan of Warren Buffet, also known as the Sage of Omaha. Buffet is the billionaire business magnate who runs Berkshire Hathaway. Buffet wrote an investor letter in 1986 that became a well-known investor cliche.

Related: WEF 2022: Web3 is not just about crypto and deFi, according to Gavin Wood, founder of Polkadot

Buffet said that investors should fear when others are greedy and be greedy when other are afraidful. The crypto world has taken over the popular investment strategy and made it a meme. It roughly means “buy the dip”.

Yassin jokes that he is “good for Bitcoin now” after adding 3 BTC in his bitcoin stash at a price of less than $30,000. He’s eager to start a crypto community and take his audience further down the Bitcoin rabbithole.

The interview will be posted on the Cointelegraph Youtube channel. Subscribe here