Raoul Pal, the CEO and co-founder of Real Vision, recently interviewed Ran Neuner, a renowned crypto personality, uncovering his life story around his bankruptcy and discussing how the LUNA crash played a major role in his downfall and comeback.
Early Career and Initial Failures
Onchain Capital CEO Ran Neuner has been part of the crypto industry since 2015. He started as a crypto investor and managed to earn significant profits despite early bear markets. Prior to this, he had experienced several failures: first, launching a tech business during the dotcom bubble, which ultimately failed. Later, he founded a marketing company, made millions from its sale, but faced failure again when he moved from Africa to New York to pursue crypto trading. The COVID-19 pandemic worsened the situation, forcing him to return to Africa.
LUNA Crash and Its Consequences
After returning to Africa, Ran embarked on a spiritual journey and launched the Crypto Talk Banter radio station on YouTube, discussing cryptocurrencies and helping others make the right investment choices. By 2022, he had invested over 50% of his portfolio in LUNA and related projects. However, the LUNA crash devastated his financial standing, and he lost $134 million in just four days. Neuner regretted promoting LUNA in his community, which led to many followers suffering financial losses.
Lessons and Rebirth
Ran Neuner admitted that greed and his belief in LUNA's potential were the main reasons for his downfall. In his new strategy, he now follows diversification rules, spreading his investments across various assets. Neuner also confessed to having criticized Solana in the past but is now a supporter, despite its price drops.
Ran Neuner's fall and comeback serve as a crucial reminder of the importance of investment diversification in times of high volatility. Do your own research and make well-informed decisions.
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