A college dropout turned crypto influencer who bought bitcoin at $6000 explains why she sold all her cryptocurrency except for ether.

Natalie Arabian is a crypto influencer who bought Bitcoin at $6,700.Natalie Arabian

  • In 2020, Natalie Arabian bought Bitcoin at $6,700 and Ether at $173, then dropped out of college.

  • Soon, she purchased over 200 Ether tokens at an average cost of $300 each.

  • Now, she is a cryptocurrency investor and influencer, aiming to inspire more women to invest.

For Natalie Arabian, the start of the pandemic in 2020 marked the door to the cryptocurrency markets and, eventually, a path to becoming a full-time influencer in the space.

In April 2020, Arabian told Insider she was nervous that the Federal Reserve would start printing massive amounts of money to keep the economy afloat during the COVID-19 pandemic.

As her concerns about the economy mounted, she sought alternative investments outside of traditional financial markets. Receipts provided to Insider showed that Arabia bought bitcoin at $6,700 and ether at $173, and over the next two months, it bought more than 200 ether at an average cost of less than $300.

With the pandemic closing the doors on her college campus and leaving her to complete her biology studies online, she decided it was no longer the way for her to move forward.

“How much money did you start making [from crypto] It was like nothing I could have done after college, and it got to the point where the opportunity cost of studying and attending school was too great to be ignored.”

Influential Encoder Natalie Arabia

Screenshot of its purchase provided to Insider showing ether purchase at $173Natalie Arabian / Twitter

She added that her plans to attend graduate school would have cost more up front, and she chose to invest in cryptocurrency instead.

During the summer of 2020, Al Arabi dropped out of college. Since then, she has amassed nearly 60,000 followers Twitter and TikTok, where it publishes crypto and Web3 investment tips. Although described as an influencer, she considers herself primarily an investor.

Arabian said: “I didn’t intend to become an influencer at first. He came from a very organic place of having fun on Twitter and meeting people with a similar interest in changing ‘old finance’.”

“Sit on the ether and nothing else”

Although it bought bitcoin at a low price, the world’s largest cryptocurrency no longer fits with its investment approach, Arabian notes.

By learning more about Ethereum’s technology and ecosystem, Arabian said it has begun shedding positions in all tokens except for Ether.

“The more I discover the potential of the Ethereum smart contract, the more I will eventually stop investing in bitcoin and focus solely on the ether,” she said. “I got lucky early on investing in some other coins, but I am a staunch advocate of just sticking with Ethereum as most people are burning in other coins,” she said.

The smart contract technology offered by Ethereum is unparalleled in her view, encouraged by the fact that the token is on its way to becoming a deflationary asset thanks to a certain amount of tokens taken out of circulation.

Currently, ethereum is in the process of transitioning from a Proof of Work mechanism to a Proof of Stake consensus mechanism. The change aims to reduce energy use in the grid, increase efficiency, and make it cheaper to use.

Arabian added that Ether is a strong bet for investors as it operates as part of one of the most popular blockchains in existence.

“It has a first-mover advantage in the crypto space — it was early on, and it had time to establish its technology and products.”

Going forward, Arabian intends to advocate for more women to enter the crypto space, transforming the concept of finance as a male-dominated arena. Specifically, you want to inspire change with longer YouTube video tutorial content.

However, her investment philosophy isn’t going to change any time soon.

“Most of the money I’ve made so far is from sitting on the ether and doing nothing else. That’s my biggest advice. Just sit on the ether.”

Read the original article on Business Insider

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