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Hello this is Matt on the moon Lambo Channel and welcome to the precipice of The most exciting part of any crypto Market cycle the part where everything Goes berserk and yes you listening Really can become rich investing in Crypto uh but of course only if you Actually take profits during a bull run Which as it turns out is uh easier said Than done and if you're brand new to Crypto you might be thinking what the Heck are you talking about but no humans Have this way of self-sabotaging when it Comes two Investments you know the sad Truth is that most people do not make Money during a bull run most do not I Mean if and if most did like that that's That's like a non Secor just think from A logical perspective if there are a lot Of people making outrageous sums of Wealth it's it's in terms of money FL It's there's literally not enough money For that to happen to most people so Obviously from a logical perspective Just think about it for just a second That cannot happen most people do not Make money during a bull RUP You know most most people frankly are Lucky to break even but you know just Because most people won't do well that Doesn't mean there isn't real Opportunity for you listening to this And for me like I'm just a regular dude There's nothing special about me but
I've been planning for this for over six Years it's taking diligence it's taking It's taking time and um I I think that This is finally going to be my cycle Where I'm just going to sell pretty much Everything ideally unless some sort of Weird Black Swan even happens but I Think that this is the most empowering Damn thing in the world when it comes to Financial topics uh just regular Everyday people like you and me having The opportunity for life-changing wealth And relatively short periods of time uh Just this burgeoning asset class it just Came out of nowhere it's been forever Since there was a new asset class yet Here it is and we're living amidst the Advent of this it's crazy we are so Fortunate to be living during this time Period when all this is unfolding so I'm Going to share with you some pitfalls That have been articulated from some People and also I want to highlight like If you've been here and I think it's True for most of you listening still There are there are new people jumping On board and if so welcome uh glad to Have you AB board uh but I think most People listening right now in March 2024 Have been here for a while and so I'm Hoping that uh most of you did prepare For what's about to come because the Most important time being in crypto is Actually during the bare market so it's
Not to say there's not opportunity even If you if this is your starting point There is but in terms of getting the Greatest you know multiplier effect in Your investment uh that like that's 2022 That that's when that should have been Done it may be parts of 2023 but uh Before going further I do want to be Clear I do not have a financial Background of any kind I'm 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 enjoys making YouTube Videos about crypto related topics but Just as a hobby and just for fun and by The way at the time I'm recording this It's 7:42 p.m. central Time Thursday March 14th 2024 and I just want to point Out that um Bitcoin just started moving up a little Bit before I recorded this around 7:20 P.m. so you guys are in the future you Know if this is going to be something That's sustainable but this is a notable Pitch after uh bottoming out earlier This afternoon around 2:45 p.m. central Time which is my time zone so Bitcoin Now at $722 N5 now I talked about this More in length in my last video so I'm Not going to harp on it much here but um From what I'm seeing just in case you Hadn't been caught up to date here most Analysts are are kind of on the fence
Here in terms of whether we have a Continuation to the upside or we break To the downside um although even if There's a break to the downside here I Can't find an analyst who thinks that Yep it's the end of the world time to go Back to Bear Town two this just time Travel back to 2022 and stay there Forever as a bear no that's that's not What we're Happ that's not what we're Looking at here we're looking at a Continuation to the upside even if there Is a notable move to the downside and Nothing goes up forever but here's a Post from uh chart analyst Nick crypto Crusader and he simply wrote uh and this Is just at a little over too 6:04 p.m. Why is everyone freaking out about price Action we are holding support levels on Most altcoins and even Bitcoin still Looks good and so I will agree with that That is true but I also just wanted to Add even if there's a break to the Downside there is no reason to have here There there are not signals that were at The top of a cycle not even close here's A post from chart analyst Matthew Highland here I'll make this full screen He Said uh just to make it clear the only Thing that matters for Bitcoin over the Coming week weeks is this week's weekly Close a close below $69,500 would look Like rejection and likely lead to
Further correction a close above clears The way for much higher prices either Way the weekly is very pivotable Pivotable pivotal I promise I can speak With my mouth wordss it's the same as The weekly close a few weeks ago when we Had to close above $49,000 we will see what happens due to Being in a uptrend the likelier outcome Remains a continuation as it has for the Past Plus past year plus um and I'd Prefer to see that um I don't feel like I need to accumulate anything else um Maybe I'll get a wild hair and just be Like well I got this excess cash get Some sort of multiplier on it you know We're in a bull run so maybe I'll do Some stuff but uh I my bags are packed Son like my bags are definitely ped uh But here's this post from chart analyst Credible crypto this afternoon 3:25 p.m. Central Time Uh this just a bitcoin price chart in United States dollars local downside Targets hit on most alts I'm watching so I'd like to see us bounce here on Bitcoin for one more pushup before the Real correction down I will lock in Gains on most alts if we get this leg up In anticipation of the correction that I Think will follow so just a heads up uh And you can see what's on the screen Here you're talking about lower 60,000 Should this come to pass it's not a
Guarantee he's not saying it's a Guarantee he thinks that is probable and He has quite a hit rate so just you if It happens in the coming days weeks Whatever it is uh just just note that uh This is not this is not the end of the World these Corrections happen in crypto Uh there's no need to freak out I know It's more fun to see number go up but When number goes down in Bull Run I'll be shrugging it off because I I Understand that it doesn't mean a damn Thing in terms of the opportunity for Life-changing wealth in this bull run in 2024 There's also this post from Pharaoh uh Pharaoh x33 and he wrote and this is f So I want to note this is from November 14th 2022 so this is right after uh the World ended remember when the world Ended November 2022 FDX collapsed and Then SPF that cucumber eatting son of a um his his exchange was found to Be a Ponzi scheme how about that um well And I told you at the time I was like Well guys this is a major capitulation Event I don't think the asset class is Going away I'm buying and I publicly Talked about all sorts of stuff that I Was purchasing in November of 2022 and More in December I talked about it on my YouTube channel uh on on X I I did it And so he here Pharaoh x33 was noting How far certain cryptocurrencies
Including xrp had gone down from their All-time high and he was advising hey You know might be an opportunity here's What he wrote Bitcoin down 77% from All-time high eth 76% down from all-time High xrp down 90% from alltime high xdc 88% Quant 77% H bar down 92% from Alltime high these are all buying levels If prices drop lower it won't be much 75% to 90% is the average we are way Closer than many things and so I believe That too I didn't know for sure if that Was the bottom and I admitted that at The time but I said either way it's a Capitulation of it and if it goes lower I'll be more enticed to buy I will not Be more enticed to sell even though some People will Panic a lot of people panic Sold um and and so this is why I'm Highlighting like I said at the outside Of the video uh yes you really can Become rich you you can do it from this Point if you're starting right now Though in March of 2024 it's a lot Harder and it's going to take a lot more Capital if you want it done this Market Cycle and for most people I think that's Out Of Reach uh not to say there isn't Opportunity that's meaningful there There certainly is I believe that but Look at the planning and again I talked About it at the time it's just I'm just Highlighting this because this is the Correct approach the people that were
Buying back then which is a ton of you Listening and I know that and kudos to You uh you're way up on those purchases Are you not right and and again like We're on the precipice of the most fun Crazy insane part of this cycle it's Going to go ballistic from here you know If history is to more or less repeat Right it's going to go insane so the Everyday this is why I keep saying the For the everyday person like you and me This is where it's at and really frankly It's not about Bitcoin I don't care About B I mean I hold it I'm I'm happy I Have it whatever holding it since 2017 The real fireworks are in altcoins That's where the true opportunity for Life-changing wealth can be achieved you Know in relatively short order I would Say and uh and then you can see January 29th of 20123 2.5 months later how are All these assets looking he asked then November 6 2023 12 months later look Where we're at don't say I never warned You December 20th 2023 13 months later 2024 will be fireworks enjy spot on Absol and that's what we're seeing and You don't know for sure what the timing Will be and I always admit like I don't Know but my conviction is that Everything turns to the upside and That's certainly been true for the over Six years that I've been in crypto now It it just the asset class goes up just
Have brought exposure there you go and That way you don't have to worry oh are Am I buying at a good Time what do you over what time period Are you talking about I mean if it goes Down tomorrow you're going to feel like An idiot but you Shouldn't because it's trending upwards For 15 years the AET class has been Trending upwards and people were is this A good time to buy well you know fine it Sucks if you buy the top of a market Cycle but if you just Spend like a set dollar figure say or Whatever your fiat currency is in set Intervals over a prolonged period of Time even if you start buying at the Most an opportune time well if you keep Buying consistently you'll buy at the Most opportune time also and then it Comes out in the wash this is not rocket Science folks it's called dollar cost Averaging this is a meme that's funny You should take a look at the screen if You're not driving or whatever uh this Is from chart analyst Blunts and some of You I'm sure have seen this it's funny And this this meme has been used for all Sorts of purposes but there's a picture Of this guy and he looks so happy about To catch a ball and then the the GU Labeled me and then the ball is labeled Taking profit so finally crypto investor Taking some profits and then there's
Some guy in the next frame right below It says it grabs the the guy that's About to grab the ball and says but it Could 10x now this this is what I'm talking About this is what when I said earlier In the video people are Their Own Worst Enemy I think I said you know people are Sabotaging themselves this is what I'm Talking about do not try to hit the top Just like a dollar CA average in like Scale out over a period of time and you Don't have as much time to scale out of Your position as you had to scale in Because when stuff starts popping it is It is typically shortlived those moves Typically much shorter like all the Greatest fire it's like the grand finale You ever seen fireworks in person all of You have right the the the grand finale Is shortlived but it's the most exciting Part that's what we're talking about Here and so this there's this post from Scott melker known as The Wolf of all Streets and uh this resonated with me It's exactly on this topic has to do With greed because we're going to have This opportunity absolutely for Incredible gains this Market cycle just By being here when most of the world Isn't here like you're on The Cutting Edge if you're listening to this if You're here in March 2024 even if you Just jumped in uh like seriously I'll
Say again congratulations and Kudos glad To have you here um because most humans Are not here it's something like four or Five% of humans have ever held any Crypto at any point in time and then for Most uh altcoins it's way less than 1% Like even xrp number six in market cap I' I've said many times by best Estimates it's way less than 1% of Humans that have ever held xrp at any Point in time so if we're right about Some of these then think about that and Still even if we're betting on a number Of the wrong courses like if you just Have broad exposure the asset class like It's in terms of dollar figure it's Going up right so here's what Scott Melker had to say though most people Will fail to actually make money in a Bull market especially in crypto there Are two main reasons number one greed This is obvious people will fail to sell Their meme coins and garbage assets that Have pumped because they think they can Squeeze more gains or they wrongfully Assume price will never go down new Paradigm super cycle Etc humans will Human and fail to take profit yeah spot On and I'll F it's funny that when I saw That he wrote humans will human because I've been saying recently people going To people and that's it's exactly right The human behavior that causes this Volatility that provides for us the
Opportunity for life-changing wealth in Relatively short periods of time that Behavior is not going away and that Behavior preceded the existence of the Cryptocurrency asset class people were Acting with this 100 years ago with the Stock market it's just that crypto's way More volatile and it moves faster so There's much more opportunity and it Never sleeps you know it trades 24/7 There are a number of reasons but it's The same stupid ass human behavior that Results in this being an opportunity for Those who don't behave like the masses This is absolutely true and you don't Need necessarily crazy games in fact There was a post I shared from um I Can't remember who it was from but uh Say but whoever it was it was was a Chart analyst I believe and he just made The point which resonated with me he's Like you Know even like the worst investors in Cryp like jumping into crypto right now Can easily get 5 to 10x gains now They're probably going to squander if They're brand new right um and and so I Made a video recently where I was like Hey um you know from here like even if I Just get a 5x I'm good to go and I think Some people actually I do want to Mention this there's some people I think Misinterpreted what I meant by that like Like if I were brand new coming into
Crypto um depending on what amount of Money I'm putting in you know I'm Probably not going to be thinking I'm Set for life after a 5x you know what I Mean but when I said I'm okay with a 5x Or a 7x or a 10x from here which I'll Probably be willing to sell somewhere Around that multiple from from the Current point when I said that That's because I was here in 2017 I bought chain link at 25 cents What's it worth now actually what is it Worth now is it like 20 bucks or Something I remember the all-time high Was like I think it was like 50 bucks or Something I bought it 25 cents I bought Cardano at I'd have to go check but I Think like two cents three cents in 2017 It was something like that what have run To like over $3 what is it now like 75 Cents or something you know I bought Bitcoin at $6,500 so my multiple is way More than 5x and I think that some People weren't picking up on that maybe It's my fault maybe I didn't explain What I meant sufficiently that could be The case too but I just thought i' Clarify that real quick um yeah I'm G to If I get a 5x from here like I don't Need to earn another Penny my entire Life because I've just been patient I've Also never cashed out into United States Dollars and I've explained why um and Know I didn't squander the previous like
I I don't want to go too depth this Because I just talked about it recently But I did not squander the previous Market Cycles because I might con might My belief my strong conviction was that Like when we were close to the highs I Thought yeah this probably isn't going To go much further but I looked at my Crypto holding Holdings and I'm like is Is this what I want for my exit is this What I want for my life-changing wealth And the answer for me at that point Especially with xrp not having run last Market cycle my answer was no and so I Thought you know even though it's Probably going to go way down I'll just Be here for another Market cycle then That's fine because even though I Thought that was going to happen and I Was right that was my that was my very Strong suspicion if I was wrong I I'd Have a hard time living with myself like Squandering it after all those years and All that preparing cuz the improbable Like imagine the improbable happened and I sold and then it did go up well no I'm Not going to take that risk which is why From the beginning in 2017 my whole deal Was um and even in 2017 I was like this Looks like a bul was probably about to Pop I didn't sell because it wasn't Going to be meaningful enough to me but Now here third cycle coming up my whole Deal was like when this uh you know when
I get to the point where it is Sufficiently Meaningful then I will sell Everything because my my belief is that There will be more Market cycle this Isn't some sort of flash in the pan like Crypto's not going away and so just Having broad exposure over even if it Takes a number of Market Cycles that's What I'm going to do like say I screw This up somehow or I get somehow get Hacked or uh who knows there's a Black Swan event we don't have an ALT season Then I'll just wait for the next Market Cycle and I will be an adult about that And I will be patient cuz I can't Control that but um you know I wasn't Going to risk selling knowing it's not Life-changing weth and then getting left Behind in in the event that the Improbable happened that's that was my Thinking on that so perhaps I wasn't Clear enough when I made that video Where I was talking about that so I did Think I'd just take a minute to explain A little bit more about what I meant uh And then uh The Wolf of all streets Scott milker continued and he said the Second reason that people fail to make Money in bull market is religious fervor Now I read this and I was like oh yes Toxic Bitcoin maximalist I was like That's that's really who this is about You don't see as much of this uh in the Xrp community but this is a good reason
Still he said this Market is unique in That there is a religious belief that You can never sell anything Ever it's easy for a billionaire to fire Off a tweet about a store of value from The comfort of their yacht the guilt Associated with ever selling is Something I have not seen in other Markets people will starve rather than Disappoint the community by daring to Sell don't let this be you and so again I I think there's a lot of that in the Toxic Bitcoin Community uh I don't Really see that in the xrp commuter I Have seen comments like that well you're Never even going to have to sell your Xrp I'm like well I'm going to take my Profit because I understand that when There's these big swings and it's a like A disperate proportion of My overall net Worth yeah I'm gonna sell that I'm gonna Sell that crap like not that it's Actually crap but I mean maybe some of What I sell will be crap but yeah I'm Going to get the hell out of that uh and Then when the market tanks like know Happy to jump back in I'm going to be Done with this but yeah some of these Bitcoiners are freaking crazy Though um yeah so you know all that does Say it has nothing to do with my Conviction like once I sell all of my Xrp which I have every intention of Doing it doesn't mean I think xrp won't
Persist it's like I'm here to make money I'm not here to join some sort of cult I'm here to make money period And if I Finally am at a point where what my Crypto including xrp is worth I if I Know that if I just sell it yeah I'm Done okay I'm good I'm going to wash my Hands of that and I'm I'll still stay in The community and then I'll wait for the Market to crash and jump back in and if I actually get left behind at that point Okay well what do you mean left behind I Already made my life changing wealth I Won't even give a damn at that point That's the point that's why I went this Is my third cycle and this is the reason That I've held because this is the first Time where I I really believe I'm going To hit that point that I've been looking For and that's pretty much it and it's True for all of you you guys have the Same opportunity and same chances that I Do that's the empowering thing about This I'm not a financial adviser you Should not buy or sell anything because Of anything I say right that would be a Very very very bad idea until next time To the Moon Lambo
