Episode 171: “Bitcoin For Dummies” feat. Scott Melker

Episode 171: “Bitcoin For Dummies” feat. Scott Melker On this week’s episode of the @RoadPodcast, the fellas speak with Crypto Trader, Investor and host of the #TheWolfAllStreetsPodcast, ex-DJ/Producer @ScottMelker. @DJCrooked remembers spinning in the same circles with Scott in NYC during the early 2000’s and recalls having his #SoundCloud page shutdown by labels due to early copyright infringement issues (2:05). Scott breaks down the @GameStop and @Reddit #ShortSale debacle (7:37) and dives into the current backlash @RobinHoodApp is receiving for restricting users from purchasing (18:38). They touch on Scott’s early start into #CryptoTrading and speak on a Las Vegas Stripclub in the Mid-2010s that accepted #Bitcoin payments (28:05). Scott speaks on the massive wave of new investors entering the market and lists some other options for investing (40:10) while avoiding emotional impulses like “fear” and “greed” when buying and selling (54:05). He shares his biggest wins and losses (56:55) and suggests some alternative investment apps to use besides #RobinHoodApp like @Acorns and @InvestVoyager (1:04:50). Finally, Scott shares some healthy approaches to “passive investing” with Bitcoin (1:08:05) and speaks on @ElonrMuskk publicly buying into #Bitcoin (1:22:20).