meet magic Eden the home of web 3 they are getting into the token trading space in addition to nfts to become a super dap where you can do everything cross chain all in one place they're solving ux issues by Building Products across every chain ecosystem swaps borrowing and lending nft perss and more all seamlessly cross chain instead of hopping between countless sites and handling multiple wallets just use magic Eden plus the me token is coming out this quarter from the Me Foundation if you've used any of their protocols you can claim some so check out
magic Eden today and watch them become a super DAP in the home of web 3 in real time go to realvision docomo sorry to interrupt but this is the cheesy podcast bit that gets on everyone's nerves but it's really important to me please if you can like the channel and also subscribe it helps me a lot to get the best guess in the world for you guys so click like And subscribe appreciate it thanks thanks join me Ral pal as I go on a journey of Discovery through the macro crypto and exponential age landscapes in
the journey man I talk to the smartest people in the world so we can all become smarter together hi I'm Ral pal and welcome to my show the journey man now this is a special for you because I think you know by now the banana Zone has started and that's the silly seasoning crypto when prices start to go mad and we have one job here and that's not to [ __ ] it up and I'll explain a little bit about that but first the bigger picture you see we're on this journey today crypto is a$3
trillion asset class but I think it's going to 100 trillion by let's say 2032 2034 So within 10 years it goes to 100 trillion which would be the largest fastest accumulation of wealth in all human history now my job here is to help you navigate that I want you to all make it to the other side I want you to make money and unfuck your future you see all of these things you hear me say the banan's own un [ __ ] future don't [ __ ] this up they're all part of the big thing
is how to navigate this Mega Trend many of you are newer to crypto I've been in the space since 2013 and I've learned many many lessons and so I want to talk a bit about lessons today how I [ __ ] it up maybe some some Mis appre and misapprehension some wrong stories about me but I'm very honest in where I've screwed things up and I think it's important to know but first let's look at the principles you all need to understand about don't [ __ ] this up I sent this tweet out in January
2024 and I maintain that this alone will help you so this tweet says remember no leverage so what that means is if you start borrowing money against it by using per or other means you have a risk of losing your coins if you get something wrong in a pullback and then if you lose your coins you're out of the market and you have [ __ ] this up so please don't use leverage Leverage is for experts and shorter term Traders and people who really know what they're doing even then I personally never use leverage my
job is not to lose my coins secondly no fomo that's the fear of missing out you see when things get crazy in crypto some somebody on Twitter or one of your friends will be making more money than you in fact it looks like everybody's making more money than you and you don't have the right trades and you're feeling terrible about yourself that is just the engagement trap that is Twitter or the boasting of your friends you don't get to see the trades that aren't working for those people now really what it's about here is not
doing stupid things so not suddenly fom moing into a trade because something else is going up the than uh more than your coins that's an easy way to lose money because you end up usually getting into a trend too late uh it then reverses you've then lost money that you then try and get back into your old Trend uh your old trade that starts outperforming and so on and so forth it's a mess don't do it I've fomed in many times into things that I shouldn't have fomed into often it's been in a meme coin
where I have a very low allocation we'll talk about that in a bit but often it's a Frank calls me up goes you got to get this one this is so good and for some reason my guard is down now I know I only have a very small amount of mean coin Holdings or money allocated to that so I can't do myself that much damage but I but I suddenly get excited you know I got an email a few months ago from a friend and client of mine said hey you've got to look at this
thing uh it's amazing I'm fully loaded up this is really cool and I'm like oh yeah this looks really cool now I'm [ __ ] at early stage stuff but here's me thinking yeah I'm going to follow this guy he's really smart obviously I lose 70% of my money in that trade I then did it again recently where somebody came on and said listen this a really great idea I have a history of doing that I did it in the last Bull Run several times um so please don't fomo you will lose out meet magic
Eden the home of web 3 they are getting into the token trading space in addition to nfts to become a super dap where you can do everything cross chain all in one place they're solving you X issues by Building Products across every chain ecosystem swaps borrowing and lending nft perss and more all seamlessly cross chain instead of hopping between countless sites and handling multiple wallets just use magic edit plus the me token is coming out this quarter from the Me Foundation if you've used any of their protocols you can claim some so check out magic
eeden today and watch them become a super DAP in the home of web 3 in real time go to realvision dcom slmag for more information the other really crucial one is only have three to five um of the top Assets in your main Holdings this is to drisk you see the space is going to go up plenty you don't need the fastest horse in the race you need just good fast horses so for most people just Bitcoin is good enough or maybe you want Bitcoin and salana because salana has been you know the blockchain with
the most Network adoption this cycle or maybe you have Bitcoin eth and salana and then maybe you want to go a little bit further out the risk curve whether it sui or Celestia or say or whatever that one is for you but remember don't have that as your main holding because again we don't want to [ __ ] this up and the others are proven over time they have Lindy effects they survive and I Want You To Survive so don't have this broad portfolio now I've done the broad portfolio trade as well and I [
__ ] that one up so last cycle I started off thinking I don't know what I'm going to do I'm going to buy a large basket on top of my Bitcoin Holdings so I had Bitcoin and then I had a large basket of 10 15 20 different names thinking well these will work over time my basket should work it ended up being a wallet of Shame most of those didn't work I got a couple right but they didn't really pay for the losses it left me unfocused I wasn't focusing on what really mattered and it
was my Bitcoin bet and then my switch into ethereum that was a big bet um but that wallet of Shame is something you'll all go through but try not to do it try not to go too far out the risk curve into midsize and smaller caps and hold a big basket of those saying well the AI theme's going to play out and the meme theme's going to play out and the real world asset theme's going to play out I want an allocation to all of these it generally doesn't work honestly it is not easy so
don't try and be a genius just let the secular bull market rise the value of your wealth that's what I'm trying to do here hi R here listen I think we've got until 2030 before the economic Singularity arrives now it might not be the exact date but it's around then so we have about six years to figure out how to unfuck our future I've put together a report to help you called prepare for 20130 it's going to help you take the first steps in that journey to make sure you're secure past 2030 so just click
on the link below and start your journey now and also most of us well I'm going to talk about another thing there's um talking about the Holdings and stuff and how to manage that risk we talked about no leverage now I've been in the hedge fund industry for 30 years I know how to use leverage and at the end of the last cycle I thought there's a decent probability that ethereum has another leg high now I was all in an ethere at this point um and so I bought some call options and I spent 5%
of my entire holding um on call options in case eth exploded up towards 10,000 now that never ended up happening I lost my 5% 5% is nothing in a market that moves 5% in a day so I was very happy with that bet but on social media people turned it into I went irresponsibly long and leverage long at the top in eth and lost money you see social media you can't trust anything everything that I do is fully recorded in global macro investor and real Vision Pro macro anything else uh is just what you see
on social media you don't know what the truth is but that was calculated leverage at the top and it didn't work out that's exactly right there's another um something that went around about me that I had got everybody into uh Luna and i' blown everybody up and just the bull [ __ ] online again again I'd never recommended it I'd spoken about it in about two videos and explain where everybody cut it off that um it is risk-free in terms of you will get the tokens as long as the token value holds up and I
explain that if you want to take the risk in this currency but again people on social media cut it up and made lies about me um but again I have a recorded track record it's one of the best in the world U I've been recording my track record for 20 years in global macro investor so there is always a source of truth but those things also show how emotional this space is people start following other people's ideas don't follow my ideas I'm not a guru I'm just here to help you think through it I'm not
here to tell you which coins you should have in your bag I'm just saying be sensible about it don't put it all in to something that is unproven to outperform I like to look at a chart to say is it going to outperform bitcoin and if it looks like it's outperforming Bitcoin then that's a decent beted if it's not then just hold hold Bitcoin that's what I did with ethereum when I got into ethereum in 2022 that's what I did with salana um back in uh sorry in ethereum back in 2020 ethereum in 20 Sal
in 2022 I all look for the outperforming of Bitcoin if not just hold Bitcoin bitcoin's a phenomenally good asset so just keep with that um a lot of people get stuck with previous cycle bags as well so just be careful of your bias really you should be a mercenary with your Capital you're in this game to try and make money um you're not in this to die for a community that you once believed in so I urge you to do that okay the other thing here is self- custody you see exchanges can blow up now
we've got much bigger exchanges and they're super high quality you know coinbase and Kraken Etc they've proven themselves over time but generally the magic of crypto is it's an asset weaken self- custody so that means nobody can take it away from you if something goes wrong and I think that's one of the key use cases now if you're new to crypto don't worry about that yet first buy a crypto sore it an exchange and then go out and buy something like a ledger device and figure out how to use that that stores your um Pass
key for your crypto in a safe and secure way so nobody else can get access to it but again you need to be really careful where you store your seed phrase that gives access to that um but but what what it allows you to do is it becomes portable so if you have to leave a country have to move around you can then hide the seed phases hide the ledges of ice um and you're in control of your own assets that's a really key thing having been through the European crisis where they took all your
money out of the banks I think steal custody is incredibly important you may not think so now but one day it will be you know people lost a lot of money holding it on FTX for example um again that's the reason I like self- custody now for those of you who have more tokens then you get into a multi- Sig world uh where you have multiple signatures so nobody can move it without a consensus group of people agreeing to that so that's the next stage forward whether it's nosis or a number of others that allow
you to do that so so those things are important don't lose your tokens the small dgen bag that's another key thing is we all have the inner Gambler in us the emotions run High when crypto is exploding I get it it's fun it's exciting and before you know it you're switching out of all of the things you should be holding your salana your eth your Bitcoin your suie whatever it may be and you are holding tons of mean coins going out the risk of the are definitely going to 20x 50x and before you know it
they don't or you get caught When the tide turns don't forget with memes you're trading attention and a attention can be persistent but mostly it's not it lasts for a period of time and then it dies and before you know it you're holding a bag with a bunch of losses and you [ __ ] up the cycle again please don't do that I say it all the time friends of mine do it please please please keep your DJ bag uh relatively low now you might want to rebalance it if it does well if you've chosen
well or you can keep running it it depends it's up to you but again just remember don't overstay your welcome in the really risky stuff because you will end up losing money the other key thing the actual real hack to all of this is just hold for a long time Horizon just holding means you don't do anything it's very difficult to make mistakes you're self- custody um you're not trading you're not trying to scalp anything you just hold it and guess what over time bitcoin's done about 150% a year including three kind of 70 80%
draw downs and by doing nothing you just compound the returns over time I like to add to my bags into the big cyclical sell-offs that once every fouryear um down cycle I like to add and and then your your Holdings compound and you make more and more money each time but just have a longer term time Horizon for sure look at the hourly charts it's fun I've got them up all of the time but I don't trade them I just hold I barely do anything I make a couple of asset allocation switches in the entire
cycle and that's it and Magic happens and it stops you [ __ ] up so try your absolute best not to do anything with your main Holdings also zoom out this space is all all about noise it's called fud fear uncertainty and doubt you will find that somebody somewhere is trying to scare you telling you it's a scam telling you it's going to clap telling you something is going to happen the Chinese are going to do something the Russians are going to do something something's going to go to war you know all of these things
are going to come across your screens every day and they will make you feel insecure remember this is noise this is an adoption of Technology and if tomorrow is going to be more digital than today we will use blockchain rails for proof for social proof consensus proof of value of transferring assets of holding assets everything in a digital world is going to require blockchain rails it'll be Equity markets Bond markets currency markets it'll be art it'll be tickets it'll be anything any contract is better on the blockchain because you don't need a trusted third party
because the consensus mechanism allows everybody to trust it so over time the adoption of Bitcoin is huge in fact it's still growing at twice the speed of the internet where back when the internet was in its early days so something that grows at that speed also goes up in price so zoom out remove the noise if tomorrow is not going to be more digital than today then start worrying you can also worry at some point about the big cycle so 2026 is likely to be a down year will that happen I don't know most likely
now you can either hold on through the down years and keep adding and increasing the value of your portfolio or you can unload some risk and we'll talk about some of that don't forget on Route make sure you take some lifestyle chips off as well this is a really important concept um I've got another video on this but lifestyle chips are the ability to take off some profits in things that really matter to you so if the markets turn around you don't turn the top properly or whatever you're trying to do you know you've paid
off a mortgage or you bought the car or you've bought the holiday you've done whatever it is that you need for your own life and you're going to hate selling out when you have to to take some lifestyle chips off but at the end of it your future self will thank you massively so make sure you think about that the time for lifestyle chips are somewhere between December and March we will obviously get more volatility in the space expect 30% pullbacks frequently maybe 35% these will happen maybe Bitcoin goes to 100,000 and then pulls back
to 70,000 and goes up don't freak out about it it's really normal but remember to take some lifestyle chips off at some point um then you're just going to have this sense of security that you can run the trade longer you can't just leave it all in and hope that you get it right so again I'm trying to save you from yourselves here and the other thing is buy the [ __ ] dip if you can so if it does sell off 35% you've got a bit of extra cash buy it if it's not the
end of the cycle if it is the end of the cycle then you wait till it goes down 70% or so and then you Pile in as much of your savings as you can on top of your existing Holdings and let the magic compound over time let me tell you a little bit about that because I've learned that the hard way so the mistake there was I bought Bitcoin at $200 back in 2013 amazing I then rode it all the way down 85% because I knew it was a long-term bet it then went back up
in 2017 and it was trading about $2,000 and there was some fud the the forking of Bitcoin into um two different Bitcoin blockchains and I was like I don't really understand what's going on and so I sold out so it was the fud that got me and um I then had sold out but I was pleased i' made 10 times more money great trade I thought you know I'd done it well it then went up another 10x in the last five months of the year which was unbelievable I never seen anything like it I missed
that but I was fine because I'd taken money off the table I'd taken my lifestyle chips out so I felt pretty comfortable the market then Falls all the way until 2009 so that was the down year of 2018 and 2019 I started looking at it again and really in 2020 um during the pandemic when it fell 50% is when I got back in I think I averag in about six and a half thousand and I'm still long to this day okay so that looks pretty good I bought it cheap I sold it expensive I bought
it back cheap but when I looked at it and I bought a lot more at the end the Second Time Around in 2020 when I go back and look at if I just held my original bet which was much smaller I'd have made five times the money from trading it you see that's the issue here now had I listened to myself and bought the big sell-offs and added doubled up my position every four years when we had the down cycle i' have 25 xed my position and again you can only do this in the very
top tokens mainly Bitcoin but may salana ethereum but really in Bitcoin that's where you can do this very long term because Bitcoin is much more secure as an asset over time in terms of its adoption and acceptance at large then you can diversify out into riskier stuff but buying the dip would have made me a fortune the fud cost me money trading cost me money I didn't do the hold you see so there's a number of ways you can [ __ ] up you can lose your tokens that's when an exchange goes down or you
start using Defi and you put your money for a yield into some stupid [ __ ] which is what people did in terraluna and again I did not do that um or blockfi or Celsius or all of these things everybody lost money because they parted with their tokens story in the wrong exchange ogs remember Mount gaau they still have been paid out that was I don't know 10 years ago so that's why I don't like to keep things on Exchange hold on let the gains compound I've also screwed up by having this big Diversified bag
where I thought you know all of my tokens will go up and I tried to asset allocate that screwed up and I've got a wallet of Shame like most of you have and that failed a lot of people have got wallets of Shame from The nft Craze in 2020 one and many of you will end up with a wallet of Shame from the mean coin craze so in mean coins keep it to a small waiting please it's great fun get involved but if you've got too big a waiting you risk losing everything and then you
[ __ ] up with rule number one which is don't lose control of your tokens and Leverage is another one if you remember I bought call options on Le eth I knew I could lose 5% of my Capital most of you don't trade options but you trade per and perss give you leverage and before you know it the market has that 35% pullback that you expect and you've lost control of your tokens and you're out of the game staying in the game is how we get from three trillion to 100 trillion I don't want you
to [ __ ] this up so learn from me I [ __ ] up many times in the past and I don't want you to do it we will all screw up in some way we'll get something wrong nobody can get this all right but just adhere to the main princip principles and you'll have a much better chance of unfuck your future the other key element of don't [ __ ] this up is you need to have experts helping you you need to see what the crowd is doing you need a community and real vision
is all about that our job is to unluck your future and so make sure you join real Vision it's free and there you can get the best ideas you've got a community to talk to super high quality trusted content from a broad group of people not just me because I can [ __ ] it up too so real vision is a superpower in this so make sure you sign up for that as well okay take care meet magic Eden the home of web 3 they are getting into the token trading space in addition to nfts
to become a super dap where you can do everything cross chain all in one place they're solving ux issues by Building Products across every chain ecosystem swaps borrowing and lending nft perss and more all seamlessly crossed chain instead of hopping between countless sites and handling multiple wallets just use magic Eden plus the me token is coming out this quarter from the Me Foundation if you've used any of their protocols you can claim some so check out magic Eden today and watch them become a super DAP in the home of web 3 in real time go
to realvision docomo it hit the Subscribe button and check out the video here on the right hand side I'm sure you'll enjoy that one as well and if you're ready for more go to real.com jooin I'll see you there
