In the Crypto Trenches

Nat Eliason was no stranger to crypto. September 02, 2024 [WEBSITE]( | [UNSUBSCRIBE]( In the end, the best strategy might just be the simplest one: measure what matters, and don’t get swept away by the hype. In the Crypto Trenches JAMES ALTUCHER Nat Eliason was no stranger to crypto. He’d watched from the sidelines during the 2013 Bitcoin boom and dipped his toes into the market during the 2017 ICO craze, only to lose most of his investments. By 2021, with the arrival of his first child, he felt the FOMO (fear of missing out) more than ever. The promise of quick riches was too enticing to ignore. BUT… here’s where his life took a huge turn. (I talked all about it [in my podcast with him back in July]( Going All In Nat didn’t just invest in crypto; he went all in. He taught himself Solidity, the programming language of Ethereum, and started building smart contracts. Before long, he found himself deeply involved in a project called Cryptocraft, a game built on blockchain technology. Nat’s work with Cryptocraft started with a modest payment in tokens, but as the game gained popularity, those tokens skyrocketed in value. At one point, his holdings were worth over $13 million. But here’s the catch: in the world of crypto, liquidity is everything. If the liquidity is low, the value of your holdings is often far greater than what you can actually cash out. Instead of cashing out and securing his fortune, he reinvested, believing the value would keep rising. Unfortunately, going all-in wasn’t the right move. His millions turned to dust. The Chaos One of the most striking aspects of Nat’s journey is the psychological impact. The constant stress of watching your portfolio swing wildly in value, the fear of missing out, and the pressure from other investors—it’s a unique form of torture. Despite the chaos, Nat remains convinced that crypto is here to stay. But the road ahead won’t be smooth. We’re still in the wild west phase, with scams and Ponzi schemes lurking around every corner. Yet, as history has shown, every financial innovation goes through this phase—just look at the dot-com bubble or the early days of hedge funds. The next big wave? AI coins, decentralized AI models, and the tokenization of real-world assets. Imagine a world where you can invest in someone’s future income, trade sports tickets as NFTs, or even use stablecoins for everyday transactions, cutting out the middleman and saving billions in fees. Attention! Before You Read Any Further… Hey, it’s James. Before you read any further in today’s issue, an urgent situation needs your immediate attention. I’ve just unlocked this upgrade to your Altucher’s Investment Network subscription, with 3 new benefits specifically designed to show you how to make a fortune in 2024 and beyond. [To see how to claim your upgrade offer, just click here now.]( Once you’re done with that, read on to see today’s issue… The Takeaway Nat’s advice to the casual investor is simple: unless you’re ready to dive deep and live in the world of crypto 24/7, stick to the basics. The speculative side of crypto is not for the faint of heart. It’s a place where fortunes can be made and lost. The best advice: Never invest more than you can afford to lose. In the end, the best strategy might just be the simplest one: measure what matters, and don’t get swept away by the hype. We have a special crypto service for that called Early Stage Crypto Investor. BUT… I’m also launching a HUGE upgrade for my Altucher’s Investment Network service. It’s a way for new (and old) subscribers to get more access to me - and cut through the noise. It’s good news for anyone who wants to get my uncensored take on AI, crypto, and other emerging tech. [Check it out right here at this page.]( But don’t wait: I’m shutting [the page down TOMORROW](. Until next time, James Altucher Editor, Altucher Confidential Rate this email Like Dislike Thanks for rating this content! Looks like something went wrong. Please try to rate again. URGENT: Unclaimed Giveaway Offer We have an item of considerable value on hold for you in our warehouse. Valued at nearly $300, this [special item]( is an opportunity you wanted to miss. [Click here to see how to claim yours now]( ☰ ⊗ [ARCHIVE]( [ABOUT]( [Contact Us]( © 2024 Paradigm Press, LLC. 1001 Cathedral Street, Baltimore, MD 21201. By submitting your email address, you consent to Paradigm Press, LLC. delivering daily email issues and advertisements. To end your Altucher Confidential e-mail subscription and associated external offers sent from Altucher Confidential, feel free to [click here.]( Please note: the mailbox associated with this email address is not monitored, so do not reply to this message. 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