I Made $60,000 In 3 Weeks Trading Crypto (I LOST IT ALL)
I Made $60,000 In 3 Weeks Trading Crypto (I LOST IT ALL)
7 hours ago•Jesse Eckel•@jesseeckel2
YouTube12 min 10 sec
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Note: AI-generated summary based on third-party content. Not financial advice. Read more.
Quick Insights
  • Treat small narrative-driven tokens such as RH4, Cashed, and Purpshood as highly speculative trades, not long-term investments; the examples show sharp gains can reverse just as quickly.
  • If trading these tokens, set an exit plan in advance: the speaker’s personal rule is to consider taking the initial investment off the table after a 2× gain and reassess whether the current setup still merits holding.
  • For longer-term crypto exposure, the speaker identified Akash (AKT) and Tau as personal holdings, but provided no price targets or evidence supporting a buy recommendation.
Detailed Analysis

Purpshood

  • The speaker invested about $2,000 when the token’s market cap was below $1 million. He cited a real developer and team as reasons for his conviction.
  • Its market cap later reached around $7 million. He said he took $3,000 in profit near the top, but later watched much of the position’s value fall.

Takeaways

  • A credible team can inform a thesis, but the speaker’s experience shows that a strong run-up does not guarantee gains unless profits are actually realized.
  • The transcript gives no price target or specific recommendation for Purpshood.

RH4

  • The speaker turned $1,000 into $7,400. He described RH4 as a gimmicky token that he thought could work as a short-lived “rotational narrative” in the speculative token market.
  • He said most tokens in this market are junk and are not suitable for long-term holding.

Takeaways

  • Treat narrative-driven, small tokens as highly speculative: the speaker’s rationale was that a token might catch attention and rise, not that it had lasting fundamentals.
  • The transcript gives no specific recommendation or price target for RH4.

Cashed

  • The speaker invested $500 in Cashed after his data tool surfaced it as an interesting token around a $400,000 market cap.
  • Cashed resembled another token, Paid, but had additional integrations. After Paid went viral, Cashed rose as a “beta play” behind it; the speaker said his $500 position grew to more than $12,000 overnight.
  • He described the outcome as partly a matter of luck.

Takeaways

  • The example illustrates how a smaller token can move sharply in response to attention around a related token—but that kind of catalyst is uncertain and does not establish lasting value.
  • The speaker’s broader experience highlights the risk of letting a large paper gain disappear by failing to take profits.

Paid

  • The speaker said Paid went viral after money was deposited into people’s X accounts and news stories drew attention to it.
  • That surge in attention was the catalyst he associated with Cashed’s rise; he did not describe holding or trading Paid himself.

Takeaways

  • Paid is presented as an example of how social-media attention can drive rapid moves in speculative tokens, with a related token potentially moving in sympathy.
  • The transcript does not provide a price target or an investment recommendation for Paid.

CRA

  • The speaker said he turned $1,000 into $5,000 in CRA, which he described as an ARK token. He credited Turbo with suggesting it.

Takeaways

  • This was a reported trading gain, not evidence of a repeatable result. The speaker said that most of the tokens he entered were losses.
  • No target or future outlook for CRA was given.

WOOD

  • The speaker said his $1,000 investment in WOOD rose to $3,400.

Takeaways

  • The gain is an example of the large swings the speaker experienced in small tokens; it does not indicate that WOOD’s rise would continue.
  • No price target or specific recommendation was mentioned.

Ponds

  • The speaker used Ponds as an example of extreme volatility: he said its market cap fell from a peak near $40 million to around $10 million, then later rose to more than $650 million.
  • He used this example to explain why some traders hold through steep declines in the hope of a later recovery.

Takeaways

  • The example shows both the potential upside and the substantial drawdowns involved in speculative tokens.
  • The speaker did not say he held Ponds or recommend buying it.

Bitcoin (BTC)

  • The speaker referred to people who made fortunes in Bitcoin as having endured “crazy” volatility without selling.
  • He offered this as an example of why selling too early can mean missing a later rise, while also acknowledging that holding too long had caused him to give back gains.

Takeaways

  • The transcript presents a trade-off between staying invested through volatility and taking profits. It does not offer a Bitcoin price target or a specific recommendation.

Akash (AKT)

  • The speaker said he had held Akash since 2022 and was happy to hold it for the long term.
  • He grouped AKT among the larger crypto positions he owns.

Takeaways

  • This reflects the speaker’s personal long-term holding approach, rather than a recommendation to buy AKT.
  • No price target or specific risk factor for Akash was mentioned.

ResearchCoin

  • The speaker said he had held ResearchCoin for a long time and was happy to continue holding it.
  • He mentioned that the project had been doing new things and attracting attention, and said he planned to provide an update. He also described Brian Armstrong as a co-founder.

Takeaways

  • The speaker’s stated interest is based on his long-term holding and the project’s recent activity and attention; the transcript does not provide enough detail to assess those developments.
  • No ticker, price target, or specific recommendation was given.

Tau

  • The speaker called Tau one of his main crypto bets and said he was up around $27,000 on the position.
  • He said that most of his money—about 95%—was in larger assets such as Tau and AKT, rather than in small tokens.

Takeaways

  • Tau is a significant personal position for the speaker, but the transcript does not specify his cost basis, the size of the position, or a price target.
  • Do not interpret his reported gains or allocation as a recommendation.

Small-token trading and profit-taking

  • The speaker described a strategy of trading many small tokens, where numerous positions lose money and a few large winners may offset those losses.
  • He said most tokens launched are junk, and that the market often moves through “rotational narratives.”
  • He built tools using trader-wallet data and historical token behavior to help identify potentially interesting tokens and estimate the chances of recovery after a decline. He noted that the tools were intended to help address survivorship bias and inform buy-or-sell decisions.
  • His central problem was failing to sell: his account value rose to nearly $60,000 and later fell to about $11,000. He said he had previously watched a $3,000 position rise to $3 million and then failed to take enough profit.
  • He said he was trying two rules: take his initial investment off the table when a token doubles, and ask whether he would still buy a token at its current setup. If not, he would consider selling it.

Takeaways

  • The transcript’s clearest practical lesson is to decide in advance how to handle gains and losses. A planned approach to taking profits may help reduce the risk of round-tripping large paper gains.
  • Use historical data and trader activity as research inputs, not guarantees: the speaker said most tokens were junk, and his own large gains were accompanied by many losses.
  • The speaker disclosed no fixed time horizon or universal sell threshold beyond the personal rules described above.
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Video Description
3 weeks. Almost $60,000 in the crypto trenches. Then I did what I always do. I turned $500 into $12,000 on one coin and made over $50K in my first week. I'm really good at finding winners, and really bad at selling them. Last cycle, that same mistake cost me millions. This is the full story: the wins, the round trip, why selling is so hard when every big winner has brutal pullbacks, and the tool I built by scanning 175,000+ tokens to find out the real odds a coin ever recovers. Keep in mind this is just my personal take and what i'm doing with my personal money, not investment advice. ----------- THE OBSIDIAN COUNCIL PREMIUM MEMBERSHIP 📝 The Obsidian Council Premium Membership Is CLOSED ❌ Join The Waitlist: https://theobsidiancouncil.myflodesk.com/waitlist ---------- THE NEVER DIE NEWSLETTER 🎉 Signup For The Never Die Weekly Newsletter: https://neverdie.club/ --------------------- AFFLIATE LINKS: 💻 Stoic Meta AI Strategy: https://stoic.ai/?ref=jesse 🔒 My Favorite Hardware Wallet: https://trezor.go2cloud.org/aff_c?offer_id=135&aff_id=32260&source=Youtube ------ SUBSCRIBE: Subscribe: https://www.youtube.com/c/jesseeckel2?sub_confirmation=1 OTHER PLACES I'M AT: 🐦 Twitter: https://twitter.com/Jesseeckel 🖥️ Farcaster: https://warpcast.com/jesseeckel -------- *IMPORTANT PLEASE READ: None of this is meant to be taken as any form of investment advice, it's just me sharing my journey to a million and taking about what I'm up to and the strategies and tactics I'm using to try to get there. I am almost always talking about tokens that I myself own and obviously have a bias toward seeing them appreciate in value. Do your own research always! I'm a normal guy who makes mistakes and has made plenty so far during this journey. So choosing to blindly copy what I'm doing isn't going to lead you to just making a ton of money. I've had investments where I've lost EVERYTHING. I don't just say do your own research as a legal covering but because you really need to do your own research and make your own call. If you don't understand what you're investing in you can lose A LOT of money! Especially in crypto which is super super risky. A lot of the projects I like to jump in are really small crypto projects which make them even more insane risky. Past performance doesn't mean the project will do the same thing in the future, no one can predict the future and what will happen next. I'm pretty passionate about this, I am by no means a professional investor. I'm on my journey to a million dollars, I don't even have the experience to have made a million dollars. All this is to share my journey because I believe there is value in watching me both succeed and fail. It's my story I'm sharing with all of you, DO YOUR OWN RESEARCH and don't just blindly copy me😄 Also all of this info might be accurate at the time of me recording and posting but in the future things could change. Especially in crypto things change fast, so just be aware of that. Thanks! I hold investments in the tokens I'm talking about unless I otherwise state I don't. Best just to assume that if I'm talking about it, I own it. My Disclosures: https://docs.google.com/document/d/1dyCYz1Cuw4Dte4DybGl1QJrbjRFEUAI9kCGb2FxjYOU/edit?tab=t.0 #Crypto #altcoins
About Jesse Eckel
Jesse Eckel

Jesse Eckel

By @jesseeckel2

I full time invest in crypto and do research on the crypto markets. Sharing what I'm learning, the top projects I'm looking at, and the ...