Scott Melker on defying the odds with crypto trading – Cointelegraph Magazine

Scott Melker, better known as The Wolf of All Streets, is a trader and crypto advocate who is far more approachable than his online handle might suggest. A former DJ, Melker operates a small crypto advocacy empire spanning YouTube videos, podcasts and a popular newsletter.

Scott Melker is open about his initial intentions in the crypto industry. “I simply came to trade and make money,” he admits, getting involved after hearing friends go on about the gold-paved streets of the blockchain world where 100x weekly returns were common. Being familiar with the more conservative movements of the stock markets since childhood, Melker was lucky to learn proper trading before entering the unregulated crypto casino.

“XRP was like a penny or something then,” he recalls. Crypto was also popular in the DJ community, something Melker attributes to the community’s risk-taking nature. He attributes his success to lucky timing in early 2016, soon cashing out his initial investment to play with his winnings.

“There was this sort of groundswell in the DJ community. They understand technology, and they’re kind of wild and speculative. That’s how I first discovered it.”

The crypto beats stopped soon enough. The 2018 bear market meant that “If you wanted to stick around, you really had to justify it to yourself, and you probably went way further down the rabbit hole to understand the importance of the movement,” Melker explains. He began to truly appreciate Bitcoin’s fundamentals and “understand the purpose of individual altcoins.”



Melker has long been a favored commentator with Cointelegraph.




Though Melker has invested in hundreds of tokens over the years, he believes that “Bitcoin is the most important asset ever created” and that everyone should strive to have some exposure to it. Ether rises nearly to Bitcoin’s level of importance and may well have more upside, he says, while altcoins are akin to individual speculative technology investments.

Soon after changing his Twitter tune from…


Read More

Recommended For You

Leave a Reply

Your email address will not be published. Required fields are marked *