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

NasDaily’s Bitcoin purchase is $200K underwater: ‘Be greedy and HODL’
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NasDaily's Bitcoin purchase is $200K underwater: 'Be greedy and HODL'

NasDaily (actual name Nuseir Yassin) spoke with Cointelegraph at the World Economic Forum (WEF) in Davos, Switzerland.

05/30/2022

Bear market advice from YouTuber NasDaily, whose “once in a generation” gamble on Bitcoin has resulted in a loss of almost $200,000.

NasDaily, a YouTuber, went through a Bitcoin (BTC) baptism by fire. The entrepreneur and influencer with over 50 million followers put $500,000 into Bitcoin just as the bear market began, Cointelegraph reported.

"A fantastic test of conviction"

NasDaily (actual name Nuseir Yassin) spoke with Cointelegraph at the World Economic Forum (WEF) in Davos, Switzerland. Yassin told Cointelegraph that the $500,000 he stored in Bitcoin is now worth $300,000, and that “it’s a fantastic test of conviction.”

Despite the paper loss, he’s more convinced than ever that crypto is the future:

“Even if it goes to zero, I believe there must be a method to capture value on the Internet.” And I’m betting that Bitcoin is a once-in-a-generation event.”

Yassin smash purchased over ten bitcoins ($500,000) at the end of March when the price was approximately $40,000. Yassin, captivated by the “global revolution,” purchased Bitcoin at the same time his YouTube content shifted to a crypto focus.

Indeed, Yassin told Cointelegraph that, while his objective is to share meaningful stories with his audience, “we need to talk about it [crypto].”

As he educates his audience with daily videos, Yassin jokes that the digital currency revolution is so vital that he had to “push crypto down the throat of everybody that follows NasDaily.”

NasDaily Purchased More Bitcoin

Unphased by his $200,000 paper loss in Bitcoin, Yassin is purchasing more, adding another 3 BTC to his stack in the days leading up to the WEF. Yassin is presented with a Cointelegraph hat in front of the luxury Hotel Europe on the WEF’s promenade in the tweet below.

A HODLer with conviction, Yassin offered advice to those new to Bitcoin and bear markets:

“It’s time to be greedy. So, if you’ve ever wanted to build, do, or invest in something, now is the time. Everything is now on sale for a limited time. Today and for the next 12 months, I’m greedy.”

Yassin admires the Sage of Omaha, also known as Warren Buffet, the billionaire financial entrepreneur who runs Berkshire Hathaway. Buffet sent an investor letter in 1986 that established a classic investor cliche.

Buffet advises investors to be “scared when others are greedy, and greedy when others are fearful.” The classic financial technique has subsequently been stolen and meme-ified by the cryptocurrency community. The term translates roughly as “purchase the dip.”

Yassin, for one, jokes that he’s “good for Bitcoin now,” having added 3 BTC to his stash when the price was under $30,000. Meanwhile, he’s excited to develop a crypto community and, no doubt, send his audience further down the Bitcoin rabbit hole.

By Elah Mae Ariate Wozinga Staff

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