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Hello this is Matt on the moon Lambo Channel we've all seen people xrp Holders screaming that xrp is dead some Screaming that it's a scam some Demanding that Ripple yes Ripple the Company must take action to increase the Price of xrp which is a decentralized Crypto currency which is not based on The price of Ripple we've seen all sorts Of stuff like this and I want to share With you in this video a post from Somebody who I think frankly just shreds The idea one of the best shreds of the Entire idea that the whole concept and It goes into great detail like it's Either the best or one of the best I've Seen in a very very long time I could Not more fervently agree with with the Perspective and it comes at a time of Course sentiment very low for at least For some people in the xrp commun for me I've never been more optimistic and I I I understand why people are feeling the Way that they're feeling but they're Basing their feelings on short-term Price action which is illogical in and Of itself but I understand that that's Why they're doing it short-term price Action they have these feelings that That must be an indication of what's Going to happen longterm oh my God we're In serious trouble it's not logical but That's how people respond so I'm I'm the Opposite of that but I I just I I want
To cover this and I want to be on record Because xrp is going to hit a new All-time high and Enterprise Discovery At some unknown point in the future That's my belief now I don't know that For certain if I'm wrong then fine if it Goes to zero so be it then I lose Everything I just don't believe that's Remotely probable based on all publicly Available information and actually just Seeing actual adoption in terms of Utility and and look at where Global Markets Global crypto markets have Decided xrp deserves to be which is the Top 10 it's in the top 10 cryptos my Market cap and it has been for over a Decade that's not by accident Folks nonetheless this is an incredible Shred and you're really going to like This and so whether you're somebody who Thinks yeah it's ridiculous to think That uh it makes sense to be negative on Xrp uh this will reinforce perspective And if you disagree this might make you Feel a lot better because I just I do Not think it makes rational sense to be Down on xrp emotionally uh because of Short-term price action it just doesn't Make sense xrp even this very second is Still one of the most successful Cryptocurrencies ever created it just Doesn't make sense but anyway 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 Or right I'm just an Enthusiast who Enjoy making YouTube videos about Related topics but just as a hobby and Just for fun now as a reminder and I Covered this a couple days or so ago on My channel uh there is this story widely Circulated throughout crypto media and Throughout social media in the world of Crypto here's one example of the story Though from the crypto basic xrp Army Calls Ripple Executives to act fast on Xrp price declines and they're covering This perspective from an xrp Community Member Mac attack Xrp and there are a lot of people that Agree with him uh I I fleshed out why I Don't but everybody's entitled to their Opinion so here's what he said I think It is high time to do something about The xrp price quickly here's a sincere Warning to Brad garlinghouse Ripple xrpl Labs David Schwarz because the community Is starting to get Restless things are Really going in the wrong direction with Xrp let's see I'm bringing in so much Money every month but my connections are Starting to drop and I'm starting to Sell and so there you go he sell he's Entitled to do it that's fine if just Seems completely silly to focus this Specifically towards Ripple and I I
Flushed that why so I don't really want To spend too much time on that uh in This video uh but that's an example of The type of stuff that you're seeing now You see this type of behavior not just In the xrp community but in every crypto Community when price action is down our Sideways and then everybody stops saying Stuff like this when it starts rocketing Which inevitably happens it's always the Case that eventually you let time pass Enough the since the asset class moves In tandem everything goes up and even if It even if some coins are never going to Hit new all-time highs again okay that's A different idea but in terms of dire What's happening yes the asset class Moves in tandem you could find some Outliers no doubt but uh but I just want To point out this type of behavior is From people who feel emotions and they Don't know what to do about it and they Don't know it doesn't make sense to feel The emotions that they're they're Feeling and they they just they hold These perspectives in a nutshell that's It and here's an example there are People in the harar community doing this As well and mind you har bar is one of My largest Holdings I'm a big fan of H Bar couldn't be more optimistic for the Future but take a look at this there's An account uh called Dev chart and so He's a Trader I wasn't familiar with him
Not that it matters but he says I have Been in crypto seven years now and I Don't think I have ever seen this level Of token bag holding Bro went ahead and Created a full petition to restore the Price hbar holders are next level and so He's laughing at this it is silly look At this here put this full screen this Is this is a petition on change.org Petition to herera hashgraph LLC and Affiliated organizations to restore the Price of H bar you've got to be kidding Me this is so funny now undoubtedly There's real pain underlying the ti What Would lead to this type of of of of Attempt to ask the D to increase the Price of H bar but it's ridiculous it's Absurd I say this just a highlight it's Not unique to xrp or the xrp community Pick a coin man pick a coin and you can Find these instances in history and then People will keep behaving like this and Saying stuff like this and bitching up a Storb until suddenly the price Inevitably goes and everybody shuts Their damn mouths that's what happens I Like credible crypto's response he wrote Back and said LOL this is nuts not sure Why people can't understand that it's no One's responsibility to make your coin Pump the market decides as Always in any case chart looks fantastic On higher time frame I'm long yeah by The way on the higher time frame
Credible crypto is also long on xrp Because that's what he believes makes Sense and I just I agree I I think over The LA call yes number go up effectively But that's why I just wanted to Highlight I just showed you again that This very similar argument in the xrp Community Ripple you've got to do Something and the HB bar Community Hadera you've got to do something come On number go up make your number go Up we it's I'm laughing at it because It's worth being laughed at it it is Absolutely worth being laughed At and so there's this post from uh RP Community member Nick crypto Crusader 53,1 100 followers and um I'll Show you I'm going to share with you Exactly what he wrote but after I read This a few days ago I wrote this is I Reposted it and I said this is the best Post about xrp sentiment I've read in a Very long time Nick absolutely knocks it Out of the park here I agree with Everything he wrote in my humble opinion This is a mustre especially for people That fall into the category of Emotionally frail I do mean that if you Are emotionally frail you're feeling Down or whatever this or that oh my God The opportunity cost of xrp I could have Bought any number of Other uh this might make you feel better And so here is what he wrote xrp is dead
And a scam this is what the xrp crowd is Yelling and screaming the fud and Negativity is getting louder day by Day remember what I always say the Bottom won't feel like the bottom The reason for that is because the Overall sentiment will persuade you that It's dead you should move on Etc November 2022 the general consensus Was that the snowball effect of FTX was Going to bring down binance coinbase Crypto com so crypto.com and so many Other Exchanges this was Peak fear Peak Negativity all hope was lost and what Happened next was January 2023 the market erupted and completely Shut the Bears down and so folks I got To pause here to say he's absolutely Correct and let that be a lesson I'm on Multiple videos during that time period When FTX collapsed in November like Right when it collapsed and on uh X Which was then known as Twitter I'm on Record saying wow this seems like a Capitulation event it certainly is and I'm going to buy up a stor I I I listed Publicly everything that I was I I don't Share the quantities of what I buy but I Shared everything that I was buying and Win and percentage increase in my my Certain uh for individual Holdings in Some instances and I was like this is a Capitulation event people are fearful
I'm excited I would and mind you like we Were all harmed because of this my net Worth was harmed I took actual Financial Hit in terms of net worth and I was Still excited because I was like yeah But it's shortlived and like it's just a Black Swan event we didn't know was Happening and so I bought a bunch of Stuff in November and December of 202 22 I'm on Record and what always follows Capitulation Events number go up son it's not that Complex it was not the end of the world It just felt that way and it felt like It was going to get even worse but it Didn't Nick continues when it comes to Xrp it is and never will be an easy hold Why because of Times Like These Prominent names flipping bearish fud is Flooding the the social streets and Everyone has given up on the idea that It will never make a new all-time high Again so I'll pause the note here that Is spot on as well not to attack Mac Attack xrp like I respect where people Are coming from we can respectfully Disagree uh I appreciate what Mac attack Has done for the community he shared Tons of information uh voluntarily for Years on in day after day after day After day respect that for sure but this Is a large this is a large influenc in The community 66700 followers and he's
Writing to Ripple trying to get them to Rise the price of xrp this is an EXA This is an example of that and so big Names flipping bearish and again I don't Even think it's most people in the xrp Community but I'm just acknowledging That this he's right like Nick's killing It like he's observing reality this is What reality is it's not to pick on People but this is real like I'm I'm Showing you real examples of people Responding like this I just don't think It make I think it makes emotional sense To them I don't think it makes logical Sense in the bigger picture that's my Argument anyway Nick continues because Again he just stated people have given Up that xrp will ever make a new alltime High yeah well I haven't I I I firmly Believe what's most probable is that xrp Will hit a new alltime high I just don't Pretend to know when I just know the Assd class gets bigger I see xrp getting More and more adopted yeah why why the Hell wouldn't that eventually happen Anyway Nick says the chart below is the Xrp BTC price chart as you can see it's Basically in freefall so let me pause Just a moment to make this full screen And then I'll take you can pause it here If you want to stare at it but yeah this Is the xrp BTC chart oh my God what's Going on here here it looks so Terrible uh now you might be saying Nick
All of these other altcoins are mooning They're doing x amount of gains while Xrp does nothing the truth about this Statement is that there will always be a Basket of altcoins moving against your Positions and it will feel like you Picked the wrong ones you can't be Caught up in just comparing one coin to Another in the space or it will drive You crazy folks yes that is spot on the Same thing happen in the harar community And other communities because there are A lot of coins that are more or less Moving sideways if you just compare it To the United States dollar if you take Those that are roughly moving sideways Now and there are a lot of them and then You compare those to those that are not Staying at the same uh position relative To the United States dollar which is to Say their prices have been increasing Yes then it looks bad compared to Them it is it is stupid St o o p i d Stupid to think that that in of itself Is some sort of indication that Something is wrong it just doesn't make Sense because the asset class doesn't Literally pop off at the same moment yes If you look at like what's happened over The last decade and you zoom out it's Going to look like the the look like the Lines for all these coins just about Perfectly correlate I yes that is true But on what is known as the lower time
Frame if you're a chart guy or if you're A regular guy like me shortterm just say Shortterm that is not the case it Doesn't line up down to the second the Minute the day the week the month the Quarter half year whatever but you zoom Out and you can see that so the fact That that is provably the case should Not make it so that you feel despair When something's moving while the stuff You hold is not plus as I've said before There are over 20,000 cryptocurrencies In existence how many do you hold 5 10 20 30 I hold close to 30 maybe some of You hold more that's that's a lot I mean I think that's a lot I think most people Probably hold fewer but some of you out Out there maybe hold 40 50 who knows What your numbers so maybe you hold a Ton of different cryptocurrencies that's Way less than 1% of cryptocurrencies so When the market goes an individual coins Pop off it's always going to feel like You're missing out it's always going to Be like that which is why it's Irrational to actually think that this Is some sort of indication in and of Itself that something is horrifically Wrong it just doesn't make a damn bit of Sense we should be excited the the the Asset class is going up 1.9 trillion in Market cap or something like that right Now somewhere around There I mean I was here in you know the
Bottom of 2018 when the asset class is Worth about 150 billion so from 150 Billion to about 1.9 trillion today and It was at that the peak last cycle over Three trilli uh yeah feeling pretty good It's just going to keep trending up Despite massive pullbacks so so he's Again this is why I was like yes he just Well he's Nick is absolutely killing This here he's nailing This and then he said um I think this is Where I left one sec yeah there we go Another big thing to note is that Bitcoin itself didn't even make a new All-time high we are still early into This run and we need to see Bitcoin make A new all-time high in altcoin dominance Rising once Bitcoin dominance tops I see The emotions at Peak levels around the Xrp community and it's crazy to see at This point of the cycle I will repeat Again not everyone will make it and Emotions SLP patience is the biggest Motivator of that and folks this is Clearly true too historically there's Yes what do you say it's based on Historic precedent Bitcoin Rises it Leads the way dominance Peaks at the top Then dominance comes down even as Frequently Bitcoin price is still going Up but the dominance for Bitcoin comes Down in terms of the percentage of the Market that it that it commands in terms Of market cap because money starts
Flowing into all the coins and then that Blows up and there's a crazy multiplier Effect on that which is easier to get Than for Bitcoin uh because there's so Much less money but you look at that Market cap starts to explode and so Altcoins then have a bigger share yeah That's exactly correct but we haven't Even had Bitcoin hit a new all-time high Yet so so let's hope that we do see that Because if we do then i' just be shocked If if if Bitcoin hits a new alltime high And xrp doesn't I will be shocked now if Bitcoin doesn't then I'll be like yeah I Don't know probably probably xrp's not Then that would be disappointing but Let's see what happens here like you Know on the whole I most analysts think That it's probably going to happen we'll See it doesn't mean for sure but let's See what happens here Right then he says there are many Al oh Wait is That oh yeah sorry I lost my spot again That's cuz I was scrolling down and I Was like wait a minute where was I uh There are many altcoins right now that Aren't doing much versus other altcoins And that's because of money flowing into Specific Plays all because a project isn't Pumping the way you think it should Doesn't mean it's a scam dead or a Swword coin Bitcoin dominance is still
Over 50% plus and will continue to Rally Until Bitcoin hits a new all-time high And then we look for weakness that is When money flows from Bitcoin to eth and Down the line with most alt coins Pumping hard and I love that he by the Way I was pause I love that he said all Because a project isn't pumping the way You think it should which is so similar To what I say when I'm just like oh I'm Sorry we're not on we're not on Lambo Time right now when you want it you Little child like But shut up shut your ass up it's Like it's a similar sentiment anyway I'm Just being a little bit more uh you know Out there in the way that I'm wording it Know but that's true just because it's Not going win you want it to so What then he says I see countless Comments on my YouTube videos where it's Just negative posts regarding uh cspr Quant H xdc Etc uh guess what these Comments are all alluring to price Action and that's the only thing the Retail crowd cares about they don't even Look at the drivers behind price action At the end of the excuse me at the end Of the day Xrp will have its time in the sun until Then avoid falling into the Trap of Listening to a logical nonsense that's Fueled by Price action expectations Falling through golf clap for Nick
Everybody absolutely slaughtered it Fantastic post and um and I I'll tell You here's another thing to consider for The people out there that are Afraid it's it's factually True that adoption of The xrp Ledger is True do do you think that it matters That utility exists do do you believe That utility matters and will win the Day which is what I believe I I I Believe the answer is Yes well if you do then I must ask you Is this now the case xrp been in the top 10 for over a decade you know adoption And utility usage never been higher but This is the moment where it all Fells to Falls to hell like like this is it the Sky is falling this is the moment this Is the one moment right now you're and You're right you you with the emotional Response you're correct and I'm the Wrong the one with the cool level head Here that's been through this seen the Same complaints for over six years I'm Wrong but you're right and after all This after hearing this again and again And again when xrp adoption is its Greatest this is the time and you're so Sure that now we got to get Ripple in we Got to get them to raise price them out Even though they have no power to do That as I explained in a video recently Covering that and and and you're right Though because it's going down and
Everything ah are you kidding me it Doesn't make logical sense it is people With emotions stuff on the internet that Is it and it's it's you know it's just For a lot of these people I mean I hope They make it I just I don't think that People that are of that temperament are As likely to make it as people that just Understand like what moves markets just In a broad sense you don't to be some Sort of chart wizard I'm not I'm just a Dude it's just like holding Works same As Inequities I just you know the type of People that just take a level head about They understand the data they don't let Their emotions get the best of them Those are the people that succeed Investing in equities and in investing In crypto Period great post isn't it I hope you Guys enjoyed that one as much as me Because I read this and I was just like Cheered I was like yes and then I was Like halfway through I was like if this Stays this awesome I've got to share This on my channel because it really is That good of a post and I think his post Here is going to age incredibly well Like a fine wine some of this other Stuff going to age like a fine Milk C I'm not a financial adviser you should Not buy yourself anything because of
Anything I say or right that would be a Very very very bad idea until next time To the Moon Lambo
