Insight
Melker: Wealth Is Created Through Concentrated Bets, Not Diversification
“Diversification is what you do when you're already rich. You don't get rich through diversification. You get rich through concentration with the caveat being that you choose right.”
Insight
Melker: Do Not Trade Crypto; Making Money Is Easier Buying And Holding
“The most important thing everyone can know is just don't trade. Just don't trade. It's so easy to make money in crypto by simply investing and waiting.”
Prediction Not checkable as stated
Melker: Metaverse Investment Opportunities Will Surpass Anything In The Real World
“Metaverse is going to be economies of scale beyond anything we've even seen in the real world for the investment opportunities.”
Opinion
Melker: Accredited Investor Laws Block Average Citizens From Wealth Opportunities
“The fact is, the United States law that is supposed to protect consumers actually prohibits consumers, or prohibits your average citizen who does not have enough money from the same opportunities that wealthy people have.”
Opinion
Melker: Music Industry Is Predatory And Zero-Sum Unlike Crypto
“The music industry is quite literally the opposite. Everybody is for themselves. Nobody wants to help each other. Anyone you do business with is gouging you at every possible turn. And it really is not like that in the crypto industry.”
Insight
Melker: Web3 Attracts Second Acts Because Incumbents Lack Multi-Decade Advantage
“All these other industries, even tech to a degree, because Silicon Valley is an eighties thing, right? As much as it evolved into what it was, Silicon Valley already had its core. I think everybody's sort of figuring it out together and came to it through some…”
Insight
Melker: Retail Traders Will Lose Money And Should Only Use Play Funds
“Trading's fun, but the first thing everyone should know is you're going to lose and it should be your play money.”
Disclosure
Melker: Crypto Makes Up 70% To 80% Of Personal Investment Portfolio
“But for me now, crypto is You know, 70, 80% of my portfolio, and then breaking that down, 70% of that I've always believed 70% investments, 15% cash, 15% for trading and investing in your best friend's company that is going to lose your money.”
Disclosure
Melker: Core Crypto Portfolio Is Split Roughly 60/40 Bitcoin And Ethereum
“Ethereum caught up, so it's a sixty-forty Bitcoin-Ethereum split now for me, and then the rest, okay, we'll call that you know, 58 38, and the rest is the dust From the best trades of my life.”
Insight
Melker: People Should Own Stocks And Hard Assets To Exploit Inflation
“I still think your average person should have a stock portfolio, right? Like, listen, we can rail against the problems with inflation and the problems with Fed policy, but that benefits people who take advantage of that inflation by buying assets and buying ha…”
Insight
Melker: Success In The Crypto Industry Is Largely Luck And Timing
“A huge part of, I think, anyone's story in this industry is certainly luck and timing, right? If I had had the exact same story at the very beginning of 2018, it would be very different, right?”
Assertion Supported
Melker: College Story About Donald Trump Jr. Became National News
“I went viral for writing a story on my Facebook page about Donald Trump Jr. When we went to college together, which was screenshot and became national news.”
Disclosure
Melker: Faced Countless Hacks, SIM Swaps, And Extortion Over Public Crypto Profile
“I've definitely dealt with some crazy stuff, you know, it turned into a lot of sim swapping and hacking people attempting to, you know, I mean, I've been hacked so many times at this point, it, it's hard to count, but, you know, people threatening me and tryin…”
Disclosure
Melker: Would Choose Real Identity Over Anonymity If Starting Over Today
“I would be myself, without, without question. Although, like, I envy the guys who are anonymous to some degree because they're, I think it's just an easier way to interact with this particular community. I wouldn't change a thing because, like, I feel like eve…”
Assertion Not publicly verifiable
Melker: Lost Half Of Twitter Following After Pivot To Crypto Charts
“And so I immediately, like, cut my followers in half, right?”
Assertion Not checkable as stated
Melker: Wolf Of All Streets Was Among Revue's Largest Newsletters
“Yeah, and I think, I can't speak, but I think at one point, I'm one of their two or three probably largest newsletters, just because I started really in their infancy.”
