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Hello this is Matt on the moon Lambo Channel did we just lose that entire Nearly 20% pump in xrp that happened the Other day because I'm seeing a lot of People say that the answer is yes and It's not yes it's almost yes we almost Lost all of it but I got I got to talk To you about a few things uh because There's there are things going on here There's been warnings that we're going To be seen a move to the downside this Is not something xrp specific uh Bitcoin Yes has been moving down today though Recently there's been a little bit of a Pop uh and there's also uh actually in This case a reasonable news Catalyst as You well know I hope at this point Unless you're brand new then you get a Free pass you know crypto crypto assets Are risk on assets equities those are Risk on assets they get treated about The same so when there's scary news in The world they get treated about the Same I know that uh you know the the Toxic Bitcoin Maxis out there like to Pretend that reality is not reality They'll say that's not so no Bitcoin is The most pure form of money and it is Treated differently but there's just no Evidence to support this it just it Moves with with equities it just does uh So we got uh got some bad news That Shook uh shook the stock market today Not surprising to see Bitcoin is going
To move down now um it's continued down A fair bit before popping up a little Bit at least at the time that I'm Recording this um there were also also Some uh concerns even prior to this that Was going to happen so if this is the Straw that broke the camel's B back and Then it needed to go down uh have a bit Of a flush to the downside okay maybe That's the case but either way just to Be clear at the outset here this is not Some sort of Doomsday video oh no no no No no The Best is Yet ahead P see this This is nothing I've been through way Worse dips in Bull markets than this This is a big nothing in the end The Best is Yet ahead but before going Further I do want to be clear I do not Have a financial background of any kind I am not offering Financial advice and You definitely should not buy or sell Anything because of anything I say right I'm just an enthusiast enjoys making YouTube videos about crypto related Topics but just as a hobby and just for Fun as I record this video it is 4:19 P.m. central Time Thursday March 14th 2024 uh xrp is 66.8 Bitcoin 7,975 bucks market cap for the asset Class 2.71 trillion and so even on the Whole even though we're on the the whole Down over the last 24 hours on that Metric 2.7 the highest I recall seen the
Entire asset class the market cap I'm Pretty sure it was about 3.2 Trillion that's pretty incredible um and I'm assuming we're going to dwarf that By the time we hit the top of the cycle Whatever that's going to be some people Think it's five trillion some people Think it's 10 trillion I'm not even Going to bother guessing that just be Making crap up but suffice it to say I Would agree much higher right uh here You have the crypto fear and greed index At 88 out of 100 that's extreme greed But it only updates once every 24 hours So I'm assuming it's going to be a fair Bit lower when it up updates in 2 hours And 39 minutes that would be my guess That's probably a pretty safe guess Right and so here's the headline from CNBC wholesale inflation Rose 6% in February much more than expected Wholesale prices accelerated at a faster Than expected Pace in February another Reminder that inflation remains a Troublesome issue for the US economy the Producer price index which measures Pipeline costs for raw intermediate and Finished goods jumped 6% on the month Labor Department's Bureau of Labor Statistics reported Thursday that was higher than the 3% Forecast from Dow Jones and comes after A 3% increase in January excluding food And energy the core PPI accelerated by.
3% compared with the estimate for a 2% Increase another measure that also Excludes Trade Services Rose 4% compared With the 6% gain in January and was Above the estimate for a 2% advance so You get the idea not so great inflation Definitely worse than what people were Expected spooked the market um you know And there was so here's a headline after The Dow after the stocks Clos for the Day the stock market's closed for the Day Dow Jones uh I'm sorry Dow closes More than 100 points lower snaps Three-day win streak After hot inflation Report uh here you can see the S&P 500 Uh down. 29% which you know in crypto That would be like what do you mean 0. 29% that's like less than than a Second's difference like compared to the Previous price like I I understand That's a little bit more of a something Nothing completely disastrous but it's a Little bit more of a something when You're talking about equities which do Not have that kind of volatility Obviously so as soon as the news broke At 7:30 a.m. Central Time 8:30 Eastern Uh right after that Bitcoin just started Tanking and that's what you see this a 24-hour C uh chart of Bitcoin it just Tanked to the bottoming out at about Let's see what time is this 2:45 p.m. Central at 68877 buckss and it has popped up a
Little bit since then um xrp did the Same thing not not surprising to see Bottomed out at 64.3 cents um right at The same time uh but you know as far as What some people were saying like see Xrp it just evaporated its whole Increase about of about 20% a few days Ago that's literally not true I mean you Can see at the moment it really started Taking off you know xrp was 622 s we we Didn't quite get that low or if you look At here just right at 62 cents and and I Also remember the 24-hour low for that Period as it as it was running up to Over 74 cents was 59 cents so that was a 15 a 15 cent jump in that 24-hour period So no we didn't it didn't get all taken Back but I would say this even if that Had happened or even if it does happen Which of course I acknowledge is Possible I don't care because what People have been saying is xrp's dead It's not going to go it's the one coin That's not going to run and then you get A 20 points 20% jump roughly and a 24-hour period actually that was in just Over an hour let me tell you this that Is not something that happens if Bitcoin's not leading the way that is Not something that happens if we're not In a bull market and if xrp weren't Going to participate in this bull market Stuff like that wouldn't happen you just Can't so even if even if if it all gets
Taken back which of course again I Acknowledge is possible so what does That not prove it's alive you just don't Get to choose when it runs you know it It's it's the same type of bitching that Happened last Market cycle and it's the Same type of bitching that happened the Market cycle before that people just Don't like it and send they're screaming On the internet which is everyone's god- Get R this of a storm on the Internet that's what my YouTube's Channel for so I get it man just to Complain about stuff it's fantastic it's Cathartic right um here's a post from Chart analyst Josh rager and he shared This at 10:51 a.m. well after Bitcoin Started tanking to the downside and all Of crypto Peak top far from in for Bitcoin in my opinion but still believe A decent sized pullback still comes Prior to bitcoin having which is around April 19th and so I'm just showing a few Examples because there are lots of Analysts that have been calling for this And yes this happened after the recent Pullback today but I haven't shared you Uh shared to you a couple yesterday were Warning just so you know uh could see a Move to the Downside uh here's a post from Wreck Capital and chart analyst 3:52 a.m. Posted this so well before the decline Today started and he said uh we are here
And what is and he said uh uh it's just Kind of interesting to see where we are B Bitcoin liquid index um and uh oh and Actually you know before I forget I Wanted to say this too you Know what time was it like 11:45 we you Know we hit two all-time highs in one Day right like it was uh let's see where This was it was probably right around Here right was it around yeah there you Go so around 2 in the morning I think That was the high anyway yeah that was It so around 2 in the morning Central Time hit an all-time high and then People are flipping out so over almost $774,000 7377 bucks and then we get this news Bitcoin does predictably what it does When you know risk on assets get treated The same regardless what's what the Fundamentals are goes to the downside And people flip out it just it doesn't Make logical sense but this is just how People Behave um and then there's also this Post from Capital this was at 10: a.m. So after Bitcoin started decline he said Whenever Bitcoin breaks its old all-time High price doesn't just enter an Uninterrupted uptrend historically Bitcoin has experienced lots of upside And downside volatility around old All-time Highs but once that volatility Resolves itself dot dot dot price
Discovery awaits and so that is the Moment of time that we're in right now But at some point if we're going to keep Seeing this bull market rage on which is Which I have every expectation will Personally then yeah at some point it Breaks through with conviction and so Whatever happens here in the short term However low it goes you just you have to Expect it you just you have to it's part Of it there's there's 15 years worth of Data showing you that this is normal Even during bull market it's 15 years Worth of data so the fact that the 15 Years of data is being consistent in That regard today should not scare you That doesn't make logical sense that's Just your feel feels getting the best of You here's a post from crypto Insight UK At 11:26 a.m. this morning bullish Divergence forming on bitcoin and indeed At least recently we've been seeing it Move up in recent hours uh there was This post also from crypto Insight UK at 948m again also after xrp and Bitcoin Whole crypto Market started to go to the Downside he said serious liquidity Building above us on xrp there is still A lot below so the path isn't clear but We will head to 76 cents soon I feel Yeah and so even if we have to sweep Some lows first yeah the Market's going To be way bigger I mean unless you think Bitcoin isn't going to go like what this
Is it this is the top and it all just Falls apart I don't believe that for a Second so you better believe if the Market's going to get bigger xrp will Continue to be a part of it and again Lots of people waiting to buy Above look At that liquidity above that's what he's Talking About then there's This um here we go not much has changed Since my last post below this is Credible crypto we are currently trading A bit lower than when I shared it Metrics all look the same at the moment For now if we hold here for another Higher low we could stair step it up for Another leg to $75,000 plus as pictured Uh pictur below but still doesn't change Much alts may leg up if Bitcoin Continues grinding up but if SL when we Do get the pullback pictured you'll Probs want to have some ammo ready to Buy some dips and so he's not saying for Sure Bitcoin in the short term is going To be taking to the downside but he's Warning yeah actually it's possible you Know it could be getting as low as what Would you call that green box you know Lower 60,000 roughly uh but his Conviction doesn't change he's just Acknowledging this happens in Bull Markets this is not a time to be Afraid uh then he had this to say about Xrp this is an xrp USD chart so look if
Bitcoin does go down to that range don't Be surprised if xrp goes along for the Ride as well either way it's very clear Xrp is alive and well and it's not just The price metric that tells you that Look at real world adoption pick a Metric son look at uh look at wallets Over the last five years consistently Increasing even despite uh you know the Unfortunate era where the SEC was claiming that XR was a security Before you know getting ruled against on That particular Fact still just trending to the upside Like all the activity developer Everything's been trending to the upside And so all this makes for The Perfect Storm with hot markets even though down Today's fin it's a little bit down so What everything's perfectly aligning This is great I mean almost everything Anyway and so uh here's what credible Crypto had to say about xrp if I hadn't Just added to my xrp position three days Ago I'd be adding to it in the green Zone below probably the best chance to Add if slash when we get it before our Major breakout on xrp in that range that He's citing uh might scare some people You know in case you're not looking at The screen I'll just note that that Green box that he's saying we might get Is xrp priced at 58 cents on the lowend To 64 cents on the
Highend so I I just for people that want To accumulate I just if you severely Want to accumulate I never get this idea Of like whether it's 58 cents or 64 Cents once it's 10 bucks it's it's not Going to matter that much if you're if We are right about xrp running and say It actually does run to 10 bucks and Open for sure if it will but if it does If you bought xrp at 58 cents or 64 Cents is it going to freaking matter are We serious about this and so some people If they're accumulating they're very Picky about that stuff and then people Who aren't accumulating they're they get Fearful about this stuff like 58 cents a Sh come On again even with xrp specifically a Decade of History showing that this is Just what happens I I just the fear Again I understand why I understand I'm A human you're a human I understand Understand humans and why they respond This way it's not necessary is what I'm Saying it's not logical to based on real World data a lot of times when people Get afraid it's due to an absence of Knowledge if you just have the knowledge That this stuff is normal then when it Happens you can recognize oh yeah it's Stupid to feel emotions on this so I'm Just not going to because it doesn't Make Sense then there's this chart from
Analyst Matthew Highland Bitcoin weekly Candle close is all important here and He noted this 16 hours ago Bitcoin Weekly ultimately looking for a candle Close above $ 69,420 a last cycle High it would be Very bullish sign if they can close Above this yeah and I'll note that the Other day by the way uh Bitcoin actually Did have its highest highest daily close In history so the fact that sometimes Stuff moves to the downside it's Like we actually going to be scared About That also take a look at and this is one Of the fun it's just one more thing to Look at for fun uh you know in terms of Google Trends looking at how many people Are searching for Bitcoin well look at This headline from Bloomberg Bitcoin Tops Taylor Swift Beyonce in Google Search I don't need to read the article Frankly the headline does a sufficient Job of conveying the only important Information to be honest with you um but It's kind of silly to compare Bitcoin to Searches Google searches for Taylor Swift and Beyonce you know apple and Orange man you know not not exactly the Same thing um that said I am looking at This because it's fun so here's a 5-year Chart showing um Bitcoin searches on Google and you won't be surprised to see Where these spikes are but even now even
Recently with the uh with the new All-time highs people are not searching For Bitcoin you know it's just it's so fast I understand a lot of Money's been Flowing in and it's institutional money And so things have been moving to the Upside fantastic love to see it but it's Just not getting the love from the Normies out there and uh and mainstream Media it's getting some it's getting More than it was I mean you can you can See that in the charts but it's just Nowhere near the peak of even the last Cycle and then and then you know if You're like me maybe you care about Altcoins a lot more than Bitcoin uh in Which case you might be curious about When are people Google searching how to Buy crypto well this chart is even Better because it's even further behind Because the people that want to buy Crypto it's not just about Bitcoin it's About you know being a Deen and getting Into all the other stuff all the Altcoins really and so here's Google Trends uh showing you the search term Buy crypto over the last five years look At where we are here That's nothing and and look at where we Were in the peak in the last cycle in 2021 it's not even close so people have Been Google searching Bitcoin because it Has been a bit in the news with the ETF
Stuff and with the recent highs there's Been some not a crazy amount there's no Laser eyes and Diamond hands and Kim Kardashian you know pumping swword coins And Paris Hilton doing whatever the hell She does with what the hell what was she Popping up last time with nfts or s word Coins I don't Know but any my point is the the Celebrities they're not even here They're not they're not paying attention Uh most not anyway and so people aren't Looking for the altcoins which is what Matters more to me personally look at How few people are searching for by Crypto it's almost no One I'm telling you guys like either We're going to have an ALT cycle or We're not and I firmly believe that's What's most Probable so you know in days like this Whatever like I'm still having a blast Because I I I have a very strong Suspicion of what's ahead and I love Tracking the stuff on a daily basis like I have fun even during bare markets and We're in a bull market so I'm having Like fun on steroids frankly and I love Run this YouTube channel so thank you Very much everybody for all the support I do very very genuinely appreciate this Support I've been doing this over half a Decade now and I I didn't know when I Started I didn't know I'd be doing half
A decade later and having all this Support so I'm very thankful but um I Just I hope that all of you out there Are having as much fun as me and not Feeling fearful on a day like this like We're sitting pretty you know it's not Like this is November 2022 and FTX just Collapsed uh no we're in pretty good Shape here folks I I'm I'm just not Worried I'm really not worried I can't Control what happens in the short term Neither can you but if you believe as I Do that the asset class just gets bigger If you believe that we're in a bull run And we're not near the top then who Cares this stuff just happens and so no We did not lose the entire xrp 20% pump We just lost most of it Le but who but Again who cares it doesn't matter There's nothing wrong with xrp xrp is Just moving in tan with the market and If you want to be precise it's still Above it for that 24-hour period that Was relevant the day it happened that Low was 59 cents and it's now now it's Almost 67 cents the low for that time Period was 59 cents who cares doesn't Matter but I see people bitching up a Storm people writing comments on the Videos that I posted last night see I Can't even sustain my guys Stop it doesn't matter it just doesn't Matter it doesn't mean anything that's It's just to see the people responding
Like this I'm like this is why people Get shaken up this is why people miss Their opportunity for life-changing Wealth that's exact it's that type of Mentality because if you can't handle That and that causes you to write silly Things on the internet like That how do you make it when there's Actually truly consequential major Negative moves like were these people Typing the stuff here and no November of 2022 and if so did they just Panic sell Everything I I just don't get it don't Don't make no well I mean I get but it Doesn't make logical sense that's the Argument I'm Mak we'll keep tracking it I'll be back with some more a little bit Later this evening but I'll stop here For now I'm not a financial adviser you Should not buy your sell anything Because of anything I say or right that Would be a very very very bad idea until Next time to the Moon Lambo
