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Scott Melker - How To Trade When Crypto Markets Are Crashing

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The Wolf of All Streets

Joining us today on London Real is a man who has taken a less than conventional route into the world of cryptocurrency and Decentralised Finance. In fact, his life’s journey is truly fascinating and his breadth of experience make him an excellent voice to navigate the choppy waters of crypto trading and investment.

Scott Melker is a former DJ and music producer turned cryptocurrency influencer, investor, trader and advisor. He spent over twenty years in the mainstream music industry’s hustle and bustle, collaborating with such luminaries as Enrique Iglesias, Snoop Dogg, Wiz Khalifa, Crosby Stills & Nash, Sheryl Crow, Public Enemy, Kanye West, Justin Timberlake and Rihanna to name but a few.

His work across a wide variety of genres saw him travel the globe, performing in packed stadiums and headlining music festivals while also being the go-to man at private events for celebrities and prominent figures from former president Barack Obama to Britney Spears and Mariah Carey.

Scott racked up over 30 million streams on SoundCloud alone and his imprint on the industry remains to this day. With such a wealth of adventure permeating the mind, it’s little wonder Scott was attracted to the high stakes world of trading and investment.

His curiosity piqued in the early 2000s and his trading career began in the traditional setting of the equities markets. Scott was hit hard, however, and on three separate occasions, he hit the wall, losing everything thanks to bad advice and an equal dose of bad luck.

It was these exact trades that made the man. Scott realised how easy it would be for the uneducated to get sucked in, to gamble savings and hard-earned money on whims and whispers. After discovering and exploring Bitcoin in 2016, Scott sensed the opportunity at hand and began to roll the dice.

Since then he has become one of the most notable influencers in the cryptosphere. His focus on education and helping newbie traders better understand the markets, patterns, nuances and developments have made him a valuable resource for all those that sense the opportunity in our wake, but feel trapped by indecision and uncertainty.

Scott is determined to help as many people as possible, to inspire, entertain and inform, so they don’t make the same mistakes he has. This is no get-rich-quick scheme! Cryptocurrency and decentralised finance are very much in their infancy, we have decades left for this industry to evolve and mature. Yes, there is money to be made, but, there is also money to be lost.

Trading is a dangerous game if you’re not properly equipped, well educated on the markets and lacking the patience and emotional stability necessary to look at the bigger picture. Scott aka ‘The Wolf of all Streets’ – his increasingly popular Youtube channel that provides a platform for traders young and old – is a sound referee in an increasingly volatile space.

Competition is rife which is why here at London Real we take great responsibility in ensuring we bring you the very best commentators and experts in the space. Scott Melker is legit, he’s exactly the right kind of influencer all newbie traders should seek as they begin their journey into cryptocurrency.

I for one can’t wait to sit down and share ideas and thoughts with Scott because education is at the forefront of everything we do here. DeFi is going to revolutionise the concept of money for billions of people around the world, giving ‘ordinary’ citizens the financial freedom they deserve.

This is why my team and I are going “all in” on this technology and infrastructure and plan on spending the next 10 years teaching, understanding, broadcasting, educating, investing in, profiting from and transforming this exciting new marketplace.

Get informed, and don’t get left behind – see you on the other side.

Download clips

A number of clips from this exclusive interview are now available to download, share and repost. Spread the word: grab these clips today!

  1. You want to have skin in the crypto game
  2. Buy the rumour sell the news
  3. You’re trading against yourself
  4. You’re gambling if you don’t have a Stop Loss
  5. Do you really need to look at charts
  6. How do traders process news
  7. The funds want in on crypto
  8. Bitcoin vs Ethereum
  9. Stablecoins are the gateway intro crypto
  10. This is the only free market in the world
  11. Will Cardano eliminate Ethereum
  12. Scott’s investment portfolio allocation
  13. It would take me a week to panic sell my BTC
  14. The power of your dollar is dropping
Chapters

00:00 Trailer.
02:44 Brian’s introduction.
03:28 Scott Melker’s advice to Brian’s daughter and his mother on what to do in the first 6 months of owning Crypto.
06:33 Dealing with your emotions when trading in a volatile market.
15:52 The importance of a stop loss explained and how to work out its level.
23:47 When to get back into the market after hitting your stop loss.
25:10 How to take profit.
27:46 What Scott Melker does when a trade becomes profitable.
29:23 The use of charts in trading.
33:29 Understanding how the news cycle affects Bitcoin price and how traders react differently to it.
47:45 Scott Melker’s thoughts on the future for Bitcoin and Ethereum, maximalism and stablecoins.
1:01:39 Scott Melker adds an additional benefit to Dan Morehead’s opinion that Bitcoin is simple and secure.
1:03:27 His views on Cardano and Charles Hoskinson.
1:09:56 Scott thoughts on Solana, Polkadot, Polygon, Uniswap, Avalanche, Elrond, etc
1:12:54 When Solana pops a lot in one day, does Scott get nervous?
1:14:34 Scott Melker’s portfolio allocation.
1:16:41 “Human error is the way you lose your coins”. With security in mind, why does Scott keep his coins as he does?
1:25:39 Scott’s current biggest challenge as an educator and also for his own growth and that of the community.
1:29:59 What Scott says to those who keep to their traditional banking accounts.
1:32:34 How to contact Scott Melker.
1:32:50 Brian’s summing up.

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