After sending off yesterday’s newsletter and going about my day, I began to have second thoughts about how the newsletter ended.
Something was missing.
The end of yesterday’s newsletter was no different than hundreds of other editions that have concluded with a podcast segment. That said, this particular podcast with Ran Neuner did not receive the attention in the newsletter that it deserved, because it was profoundly impactful.
Now I have the opportunity to make it right.
After reading the title, your first thought is likely that this story is crazy, but that you can never relate. But if there is one thing that I want you to get from this intro, it is that we can actually all relate and we can all bounce back.
The amount of money lost is irrelevant. What matters is how impactful a loss is for each individual. $100 million for Ran may be less meaningful than $1,000 for someone who needs the money to pay their rent. We have all suffered painful losses and need to find ways to overcome the hurt.
And we can.
None of this is easy. Being here and working towards our desired outcomes is mentally and physically exhausting, particularly in the depths of the bear market. We all dream of what could have been if we had just sold the top, or invested elsewhere. We all had plans that are now on hold. We all lost money that we could not “afford to lose.” Some of us lost money on Luna. Some of us potentially lost money on Celsius or Voyager (me), and all of us have lost money HODLing. We are a community of like minded individuals who have shared both the highs and the lows.
Ran Neuner summed it up perfectly in his account of Luna.
“Sometimes, I’m an irresponsible guy. I like risk. Sometimes I invest too much in small caps. And I was all in on Luna. I blew 50% of my portfolio up as a result of that stupidity. And through being authentic and being who we are, and telling everybody too much and giving everybody our life stories, we have built an amazing community.”
*Sensitive Content Below*
“God, I mean the feeling that I had with Luna was the worst thing I’ve ever had in my life. It was, I mean I never thought about suicide but at that point, I could understand why some people commit suicide. The biggest failure. Got home. Morbid. Couldn’t think.”
If you already saw the episode, then you know how the story ends. If you haven’t listened, then would you believe that the story has a happy ending?
Ran Neuner said this.
“I started to see my own ability and my own wealth as a chart. So what I did was I hit a higher high and then I went down, but it was a higher low, so I was still at a higher level. My next point obviously is a higher high. I think everybody’s going to take losses in their lives. We all lost money, but we’re in this together. People on the streets told me, you’re bringing us back you’re taking us back, you’re carrying us back you’re helping us.”
With a newfound work ethic, a little bit of perspective, and a lot of positivity, Ran found a way out. It’s not always a clear or easy path, but it is one that I hope we can all take.
I hope this message brings us some perspective and helps lighten the load on our difficult journey. Crypto is tough, but we are built for it and we are all in this together.
There are brighter days ahead.