Steady Lads
Steady Lads #40: What It's Like To Lose $130 Million in 4 Days w/ Ran Neuner
Apr 26, 2024
Founder of Crypto Banter, Ran Neuner, shares insights on memecoin narratives, retail interest metrics, and recounts losing $130 million in the Luna collapse. The episode touches on Worldcoin's $WLD situation and includes a fun segment on 'Pasta of the Week'.
49:44
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Quick takeaways
- Diversify investments to mitigate losses and balance conviction in cryptocurrencies.
- Emphasize shared information and daily research for personal growth in the crypto space.
Deep dives
Luna Collapse and Loss of Portfolio Value
The speaker recalls having over 50% of their portfolio in Luna and Luna related projects, leading to a massive loss when Luna collapsed. In four days, they lost over $130 million of their own money, feeling completely helpless as their Luna was staked. The aftermath left them emotionally devastated, struggling to cope with the realization of losing a significant portion of their portfolio.
