Crypto trader Scott Melker ‘Wolf of All Streets’ lays down his plan of profiting from ‘HODLing’ and 100-times trading opportunities and reveals 5 under-the-radar tokens he believes will blast

Scott Melker is a well-known figure in the crypto trading community Because of his versatility in the space, his alter-ego is titled “The Wolf of All Streets,” 

On the one side, Melker is a crypto market expert and influencer who hosts deep conversations with the greatest minds in the crypto and finance industries on his podcast including Michael Saylor and Jim O’Shaugnessy. On the other hand, He is leading huge crypto enthusiast followers, he’s known to share fast everyday crypt insights with his nearly 400,000 followers on Twitter.

He is also a leading trader and investor in the cryptosystem, He is well known for delivering his amazing crypto-based expertise and market knowledge through his regular newsletter.

All of this comes after a successful 20 years of career as a DJ, where he has collaborated with artists such as Steve Aoki and Kanye West.

A Cryptocurrency Trader and Investor:

“I can be very honest while sharing my journey, that even at the peak of my trading, I perceive myself as an investor first and always have,” Melker said in an interview with Insider. 

investment

“I tell everyone who asks me, that I’m an investor who trades.”

 

Melker, unlike many other famous crypto bulls, takes a much more balanced approach to investment by having some of their assets invested in traditional markets.

Melker said

“I believe that people must have at least 60% to 70% of their assets in long-term investment, 15% in currency, and 15% for trading,” since traders, as we all know, appear to underperform the market

Crypto is only one component of a larger, well-diversified portfolio that includes everything from real estate to stock markets.

“In reality, until late 2019, I told the people that I’m not happy with getting more than 10% of profit in cryptocurrency,” Melker said.

That is no longer the case. Melker is now encouraging his crypto investments to expand to account for a much larger portion of his portfolio.

Crypto Asset Allocation

Melker follows a similar investing approach when it comes to his crypto investments. He invests 70% of his money in long-term holdings, mostly in bitcoin and ether, the native currency of Ethereum.The remaining of his long-term planning is targeted to trades that already have delivered extremely well.

In the cryptocurrency, you can earn 10/20/100 times profit on trade but ill recommend to dedicate the last 20 percent of that position to the investment account,and leave it for years to rise or let it go to zero because you had already pulled out your money, Melker Said

Because of the production of secure assets, Melker also mimics that 15% cash distribution seems to be in the traditional investment portfolio in his crypto holdings.

Stable coins are assets whose value is tied to an external currency, such as the US dollar or gold, in order to stabilize the price. Which are currently listed on a variety of sites, including Voyager and BlockFi, and give return up to 10% annual yield.