The chapter explores the journey of an individual entering the crypto world amidst economic uncertainty and the allure of quick financial gains. It discusses the risks involved in highly speculative activities like DeFi farming and meme coins, emphasizing the importance of seeking long-term opportunities over short-term gambles. The narrative also delves into historical parallels in financial markets, social pressures in the crypto community, and insights from the book 'Influence' regarding human behavior in cryptocurrency trading.
Nat Eliason is a writer with a keen interest in writing about challenging and revealing things. His debut book, Crypto Confidential: Winning and Losing Millions in the New Frontier of Finance (out July 9th, 2024), charts his personal odyssey into Crypto’s Get-Rich-Quick underbelly.
Nat joins the show to discuss the highs and lows of the cryptocurrency market, the lessons learned from his financial adventures, the psychological effects of bubbles, crypto’s cutting-edge developments, and MUCH more!
Important Links:
Show Notes:
- Making A Lot of Money, As Fast as Possible
- The Peer Pressure of Crypto Markets
- The Psychological Effects of Diamond Hands
- Signs of Peak Speculation
- How Bitcoin Has Carried the Crypto Story
- Ethereum’s Innovations
- The Emergence of Stablecoins
- What Makes USD A Reserve Currency?
- The Crazy Anonymity of Crypto Projects
- The Two Options of Getting Into Crypto
- Imagining the Money Pile
- What Nat Couldn’t Keep in the Book
- Nat’s Next Career as a Novelist
- Nat as Emperor of the World
- MORE!
Books Mentioned:
- Influence; by Robert Cialdini