DataDash, a YouTuber, discusses his most costly mistake in cryptocurrency.
A crypto YouTuber with over 500,000 followers shares his crypto story about one of his biggest regrets.
When Bitcoin (BTC) was $3, Nicholas Merten, also known as DataDash, discovered it. But, like many others at the time, Merten was sceptical of cryptocurrency and thought it was bizarre that people were buying what he thought was “fake internet money.”
Merten’s story begins in 2011 with a spark of inspiration from a conversation with his teacher. He thought he had no passion at the time, but a spark was lit when his social studies teacher encouraged him to watch presidential debates, where he saw politician Ron Paul share various points of view on the topics.
“This event gave me a dopamine rush,” Merten said. He was inspired and became interested in studying foreign policy, economics, and finance. He then learned about the 2008 global financial crisis and how inflation works. With the way things were going, he knew there was a need for a way to hedge against inflation.
Merten continued on his journey, opening a brokerage account with the help of his father and purchasing his first stock. He eventually progressed into finance, from purchasing penny stocks in marijuana companies to investing in solar company stocks. He then came across a video that explained Bitcoin, and while it was interesting, he couldn’t fully grasp it.
However, when the price reached an all-time high of $1,200 per BTC, he realised he had made his most costly mistake. After learning from his mistake, he embarked on his crypto journey, purchasing cryptocurrency, analysing markets, and uploading crypto-related videos to his YouTube channel.
