Today, we are talking to a reader who has made a fortune through crypto investing. However, there have been some stomach-churning reversals.

Why it matters: Crypto is often spoken of as a democratizing opportunity, yet regular people seldom see the stories of non-professionals placing bets in the space. Here is one.

Details: Canadian marketing technologist Darragh Grove-White is ahead, but not without taking some painful hits.

“I made many mistakes. He tells Axios that he’s had cryptocurrency exchanges take his money.

He was among many Canadians who lost their luck when Gerald Cotten, the founder of QuadrigaCX, died (?). India.

State of play: Grove-White is one of the fortunate ones. By his account, since the Quadriga loss he’s turned around. He’s up around 11x on his principal, though there have been wild oscillations in that number recently.

Axios has verified the success of his portfolio.

Scoreboard: He invested in more than 180 coins. His first three purchases were bitcoin, Monero (a privacy cryptocurrency — that trade is still down), and Verge, which has shady affiliations.

“I have had a few that have done really well and even fewer that I knew would do really well,” he said.

The largest loss was caused by a token that was right in its idea (blockchain financing), but was wrong at the wrong time. His greatest win was his lucky guess as to which solution to Ethereum’s speed issues would be most popular with users.

Context: Although he only became interested in crypto during the bear market year of 2018, he did have some advantages. Given his day job, he’s considerably more technically sophisticated than most people.

That has worked to his advantage. He explained, “I’m just super curiosity.” It’s not enough to just read charts in crypto. He contends that one must get into crypto to fully understand it.

Be smart: Having been in for four years, he sees new arrivals come in waves. The new investors are easy to spot on Twitter and in the Discord channels — they are always looking for the quick buck.

He said, “This latest cohort of noobs was their on-ramp the Wall Street Bets experience.” “A lot of the n00bs go for meme coins. They invest like it’s a bit of a joke.”

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