The depreciation of bitcoin (quotation BTC) in 2022 triggered the red numbers in the wallets of some traders. Far from making money, those who bought when the cryptocurrency was trading over $ 40.000 a few months ago are now facing losses. Some heavier than others, depending on each one's portfolio and investment. Which is not lost on celebrities, such as the famous youtuber NasDaily, who has more than 50 million followers.
The history of its operations
NasDaily (real name Nuseir Yassin) first bought $ 500.000 in bitcoin when it was trading at $ 40.000 at the end of the first quarter of the year. He said this in a video released on March 25, just three days before the cryptocurrency hit its 2022 high of US $ 48.000 and began a sharp decline. It is now worth nearly $ 30.700, nearly two months after Yassin joined.
After the collapse of the bitcoin price, his investment became $ 300.000, with a devaluation of 40%. However, this hasn't stopped thinking of him long-term bullish on the cryptocurrency. With a smile, in an interview with Cointelegraph, he said: "It's a great proof of conviction."
The famous youtuber has in fact confessed that, far from wanting to sell his bitcoins, he is buying others. His initial purchase was just over 10 BTC and, faced with the fall, he decided to buy another 3 BTC. This is something that he had foreseen from the beginning. When he announced his first investment, he said, "Even if prices go down, I'll buy again."
As a holder (long-term saver), he believes that the time has come to have a bullish belief for the next twelve months. Following Warren Buffet's advice, he argues that investors should be fearful when others are greedy and greedy when others are fearful.
According to the current Fear & Greed index, market sentiment is now "extreme fear" on a scale of 10 out of 50. In this perspective, the youtuber is convinced that the adoption of cryptocurrencies will continue to grow because they revolutionize money. “This is the first time we can own a small part of the Internet,” he said, referring not only to bitcoin, but also to other cryptoassets, such as NFTs (non-fungible tokens).
"Cryptocurrencies have opened my mind to the problems that exist today," said NasDaily
In contrast to the market, the youtuber, in addition to buying bitcoin, has started this year to produce content on cryptocurrencies. He stressed that he is involved in "this revolution that is shaking the world" and believes it is important to pass it on to his audience.
“Cryptocurrencies have opened my mind to the problems that exist today and how we can collectively solve them tomorrow. That's why I'm thrilled and I should also try to educate my audience about it, ”she said.
To that end, he attended the World Economic Forum (WEF) in Davos, Switzerland this week and interviewed Binance CEO CZ a few days ago. During the meeting, the head of the company stressed that what led him to create one of the most successful companies in the ecosystem in 2017 is the belief that cryptocurrencies are the future.