The chapter recounts the speaker's rollercoaster experience with investing in crypto during the 2017 mania, the market crash, and their resurgence in activity in 2020. It covers their shift from day trading meme coins to crypto farming, and the risks and rewards involved in engaging with speculative assets and farming in the cryptocurrency space.
What would you do if you had $10 million in cryptocurrency?
Nathaniel Eliason is the author of Crypto Confidential: Winning and Losing Millions in the New Frontier of Finance. The Motley Fool’s Scott Kassing caught up with Eliason for a conversation about:
- How Eliason’s journey in crypto affected how he thinks about risk.
- Why speculative crypto games were rigged against retail traders.
- How fast money corrupts those grabbing for it.
Host: Scott Kassing
Guest: Nathaniel Eliason
Producer: Ricky Mulvey
Engineers: Tim Sparks, Kyle Carruthers
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