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Hello this is Matt on the moon Lambo Channel we've seen many other Cryptocurrencies pump over the years to New all-time Highs but will the mindset Of speculators which causes that Behavior ever impact xrp or will such Behavior not apply specifically to xrp For some reason another way of wording It is are we just holding something We're a big Community but nobody else is Ever going to want to jump in any sort Of meaningful way to push xrp to a new All-time high and look I I've seen Enough comments on social media to know That some xrp holders have effectively PTSD you know even even though Bitcoin Has pumped eth has pumped hell even Dogecoin has pumped which was a joke at Inception never intended to have a Multi-billion dollar market cap even Though all sorts of coins have pumped uh So many others somehow it seems as Though it's impossible for xrp to ever Hit get a new alltime High after all you know even though our Community is gigantic again where is the New money going to come from now this Concern comes from a lack of Understanding of human behavior in Speculative markets and I want to squash This because it is an irrational fear The fear that xrp price won't pump for Such a reason or anything along those Lines it's completely
Irrational and it doesn't mean that There's a 100% chance that xrp is going To hit a new alltime high though you Guys know me my conviction is strong That it absolutely will and we're going To enter price Discovery I think it's Going to make a lot of new very wealthy People I I firmly believe that's what's Most probable here outside of something Fundamentally changing to the negative For xrp which I've not seen you know Outside of that of course xrp is going To be treated the same so I want to Break down some of these thoughts um Also just to kind of drive home a point That I was making the other day I want To share with you this article and it Has to do with with the idea of not Being greedy look at this headline from Decrypt some of you may have heard of This guy Dogecoin millionaires Fortune Fell from $3 million to $50,000 but he hasn't lost the faith and So the story of the Dogecoin millionaire Is a cautionary tale about greed there Will be xrp holders that fall victim to Their own greed when it eventually Rockets to a new all-time high in Interest price discovery which is why I Want to talk about it Right now but before going further I do Want to be clear that 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 enjoys Making YouTube videos about crypto Related topics but just as a hobby and Just for fun all right so I want to Share with you perspective from um Social media account a social media Account on X um called txmc it's txm C trades now This individual formerly worked with Glass node and glass node is a firm that I'm quite quite a big fan of and they Just share analysis having to do with Onchain analytics I think they do a Fantastic job I highlight their stuff on My channel from time to time and again He used to to work at this event and uh He's now G to the point where he's got 77,500 followers and he just operates in The realm of logic and I love that I Love it when people operate in the realm Of logic rather than emotion or Conspiracy theory or all that nonsense So I want to share with you his Perspective and he shared this chart Which actually dates back to the first Part of 20121 and he's talking specifically About Bitcoin but he talks about the Logic that allows for new alltime highs And price Discovery because again Where's the new money going to come from Who's going to be the sucker that's
Going to pay way more than you paid for The asset who's that sucker right well No no no they're they're not suckers It's just somebody who thinks that it's Going to go way higher than what it is In that moment moment and if and if you Have uh if you are enticed to sell Because something becomes some asset you Hold becomes an outsized portion of your Net worth it's not like you're taking Advantage of somebody you're doing Something that's good for you and the The recipient on the other end believes That it's good for them because they Believe it's going to go way higher and We're all adults and we get to make our Own bets when it comes to that when it Comes to Investments that's just how it Works and that's a good thing that's how This is supposed to work and txmc did an Excellent job articulating why this Works and so as I run through this real Quick because he just so substantially Nailed it I just want you to understand That this absolutely applies to xrp the Underlying asset doesn't make human Psychology no longer apply so whether It's xrp or Bitcoin or Dogecoin it Doesn't matter and so when you have this Nent asset class where all Cryptocurrencies are treated effectively The same like what do you think's Ultimately going to happen so here Here's what he wrote excuse me in every
Bull market long-term holders sell in Profit paying themselves for taking on Risk and enduring the be you may not but Many others have and will again as Prices print new highs old coins come to Life in high volume price Discovery Draws out supply for sale there are Always coins turnning and becoming Available and the swell grows in price Discovery now so pause to think about That I can tell you that this is true For me my xrp Has just been sitting there for years on End I haven't bought xrp in in about 3 Years it was is definitely October of 2020 last time I purchased xrp and it's By far my largest individual Cryptocurrency holding and I think it Was the beginning part of October so I Believe it's been over three years at This point it's just sitting there and So but just because it's been sitting There for three years it doesn't mean It's never going to move ever again I'm Just waiting for the right opportunity And this is normal this is what you see And sometimes there are periods where For years on end individual coins Whether it's Bitcoin or eth or xrp just Sits there it just sits there staging it Doesn't mean necessarily that it's lost Or that people have forgotten about it Is that they're waiting for the right Opportunity and inevitably as as markets
Heat up and things start rolling then Those coins do come to life that's what They're talking about here and as a new Coin hits a new all-time high it enters Price Discovery Market doesn't know Exactly where it's going to go but uh The excitement is there people start Buying in that's when the old coins come Out of the Woodworks and they become Available on the Market this is not unique to bitcoin or Eth or xrp or pick pick your asset that This is just how markets work so that's Why I was saying earlier on the video as Long as the fundamentals for xrp don't Change there is no reason to think that This suddenly wouldn't apply to xrp it Applies to everything else but it Doesn't apply to xrp these are the fears That I see and I understand it it's Because it's been so long and emotions Uh you know they're high and it just People torture themselves especially Given the nonsense that we've had to go Through as an xrp Community with the SEC And everything else and missing the last Bull market um not in terms of Directionally what ex xrp did because it Did go to two bucks but in terms of Missing an alltime high yeah we did Because of the SEC people feel beat down They feel like it's never going to Happen and I'm just here to tell you That's emotion that's not logic that's
Humans are not going to behave Differently with xrp anyway he continues His thoughts so he writes long-term Holder distribution is a fundamental Input To the bull run a channel for adoption By new hands and a necessary life force For the asset to thrive the myth of a Market without sellers is just that and By definition would be no Market at all And and so I think the last the reason I He ended that added that last sentence Is because there's there's this idea of The the Bitcoin hodler you know how the Bitcoin Maxis talk right oh no I a't S I Ain't never s I'm just going to hold it Forever just hold it forever but that's Not how people behave and and there There will be individuals who look at it That way and choose to never sell okay But that's not broadly speaking how People participate that's why you get These wild swings and all this Excitement to the upside and then Terrible pullbacks to the downside even Though crypto on the whole has become Less volatile as time passes which makes Sense once there's more people in uh of Course it's going to be less Volatile um you can imagine how volatile A market would be if there are only five Human participants if one person sells What percentage what percentage uh Difference did we just experience as a
As a as a result of one person selling If there's only five humans in a market And so you can take that concept and Extrapolate that out well if there's 100 Well then one person selling that's Going to impact less now imagine that There's a million or 100 million or a Billion so the more people that jump in The less volatility there will be here But it will always be the case that as Markets heat up and as people get into Profit they're going to be enticed to Sell this does apply to xrp it's Irrational to think that it doesn't Apply to xrp or won't apply to xrp it's Just a self-defeating attitude which Isn't grounded in reality and I see this So frequently I understand why I'm Sympathetic to it but that's why I just Wanted to share my personal opinion Because it just doesn't make any sense Of course we're going to see a new All-time high outside of some sort of Fundamental disaster for xrp that I Couldn't even foresee coming of course We're going to why wouldn't we that's How it feels to me anyway and so it's Not a 100% guarantee that's going to is Going to happen you know it's not Financial advice and I could be wrong But I this is firmly where I stand on This and so this this former analyst From glass node who shares all sorts of Uh interesting perspective when it comes
To chart analysis he's hitting the nail On the head he's not talking about xrp He's talking about Bitcoin but this is How everything is treated it's no Different for xrp whatsoever so that's Reason to be excitement that's reason to Sleep easy at night I think don't you Doesn't that make sense and so if you're One of the people that's been beating Yourself down I get it I'm sympathetic But I'm trying to help you so that you Don't have to feel like that I can't Tell you whether the buyer seller or Hold I can't tell you where xrp price is Going but I can tell that my personal Opinion is that it is not rational it's Not needed to feel this level of defeat And to feel like the thing that you Bought just cuz you bought it it's never Going to go that's not true that doesn't Make sense I don't think so Anyway and then there's also this uh From xrp Community member Irish Red Crypto and I think he just knocked it He's been he's had some straight up Bangers on X lately look at he just he's Knocking this out of the part I am Completely in line with this thinking he Wrote The Following everything in this Bear uh I'm sorry not bear everything in This market bar Bitcoin and eth is low Cap in the big picture you don't need to Buy coin number 2,000 to make Money look at the values of all the
Major stocks and the S&P and da and then You will understand and folks this just Happens to be in line with something That I've been saying for years on end It's it's simply this concept that even Though xrp is a large cap coin and there Are only so many large cap coins you Think because you know you go to Traditionally how markets perform you Get a large cap coin well the money's a Lot of money's already in that so the Opportunity of getting tremendous wealth From a large cap and it's less likely But there's also it's perceived to be Less risk and that's usually the case Here but here in the case of crypto you You do get that that blend of okay less Risk especially for xrp which has been Around for over a decade but uh there's Also not much money in because crypto is In its nency so far as I'm concerned There's almost no money in it and so I Think Irish Red crypto just knocked this Out of the park yet again I I just I Firmly believe this to be correct that's Why xrp is a sweet spot for me when this Thing starts going it doesn't take that Much money relatively speaking to get a Crazy multiplier effect that's why so Many people will experience Life-changing wealth in holding xrp I Firmly Believe um and then there's this we got To talk about this because look I I I
Get Flack sometimes not by a huge Percentage of people but there's a Certain percentage of people that just Think that I'm crazy for saying what I'm Saying about uh my general exit strategy For xrp because I'm going to sell lower Than most people think is reasonable I Mean I I I've said that I'm going to Start selling xrp probably around five Bucks and probably either be completely Out of xrp or almost out of xrp by the Time it hits eight bucks with most of my Selling probably occurring between six6 And seven and now markets move fast and So and there are other you know markets Are Dynamic things could change Something could potentially sway me I Get that so we'll see how this actually Unfolds once xrp hits a new all-time High in interest price Discovery but That's my general thought you might be Thinking well don't you think Moon Lambo That it's going to go isn't xrp going to Go way higher and my suspicion is that The answer is absolutely yes but I want To sell well before that because I don't Know that I look at I look at the market And so many people are talking about xrp Going to over $10 during the next Market Cycle um and then there are fewer people That think it could go to 20 or 25 this This upcoming Market cycle and any of Those people could be right I seed that Ground that absolutely could be right
But I I don't want to try and sell when Everybody else in the market thinks it Makes sense and I also bought a ton of Xrp way more than the average human and I rested a ton so that I would be able To sell at a dollar Target that is Incredibly appealing to me without the Additional risk of holding and going Through that stress of oh my God am I Going to be able to sell before this Market tanks back down because I've been Holding almost six years I don't want to Deal with that and I made this I made my Mind up on this many years ago and and So there was a time when I thought well I'm probably going to have to hold xrp To you know 30 bucks 25 bucks 20 bucks Whatever the number would have been when I had less xrp but then as I bought more That number came down for me and then I End up making some larger purchases Towards the end after dollar cost Averaging for years and then I was like You know what five bucks sounds pretty Good now five I spent so much money Maybe I'm stupid and I could be wrong This goes to zero but damn it I put so Much money into this five bucks I'm Going to get the dollar Target that I Want and I'm not going to say what that Is and it some of you think yeah that's A lot some of you think that's not Enough it's objective but for me it is Especially when I factor in all the rest
Of my net worth and everything else that I'm doing and then the fact that I have A bunch of other cryptocurrencies that Makes sense but people are going to fall Into this trap where as as markets start Going you're going to have a hard you're Going to cuz you're going to have a hard Time selling because you're going to Feel like you're stupid for telling Selling too soon and that in and of Itself is pretty stupid right and I get It it doesn't mean that you're stupid it Means you're normal but I'm warning you It's a trap it's a trap that so many People are going to fall into and I'm Not going to fall into it and I don't Care if I sell and then xrp goes four Times higher than that or five I don't Care I don't care what it does because I Don't know and bitching about that after The fact would be as stupid as Complaining about uh not not knowing Last week's winning lottery numbers That's how stupid it is because once you Have the benefit of hindsight you can Always say of course but in the moment You don't know and so what this guy did It's just a cautionary tale of greed and Foolishness frankly and I don't say that To be mean towards the guy but it is What it is this guy had for him Lifechanging wealth this guy was making This Dogecoin millionaire he was making He publicly stated this he was making at
The time $50,000 a year and he he had he Had enough dose that if he just sold it He wouldn't have to work another day in His life but he wanted it to go higher $3 million wasn't Enough damn Son why and so here's the headline uh uh Why is Dogecoin millionaire who is Dogecoin millionaire and is he on Doge Rich list and uh just check out this Story it's just it's a cautionary Tale in February excuse me in February 2021 then 32-year-old globber kesoto Decided to invest his life savings about $250,000 in Dogecoin as his investment grew to over $3 million he became known as the Dogecoin millionaire but he was hesitant To sell waiting for Doge to hit the Magical $1 price tag okay folks there's Already so much going back there But putting your life savings into one Asset is insane so good for him I mean At least leading up to the part where it Became life-changing wealth before he Does he squander the opportunity uh okay Cool but I'll just tell you this I have Incredibly High conviction that ex what I believe about xrp is is reasonable and I believe it's going to hit a new Alltime high and under price Discovery I Think I'm going to sell it for uh what Is is to me subjectively an absolute Fortune I believe that that is what is
Most probable but I recognize I could be Wrong so I would never put my entire Life savings into it even though I I and I tell you this I think that there's an Incredibly high probability that if I Put my life savings into xrp that it Would just result in like I I don't I Don't even put numbers out there because I like to keep what returns for me would Be private but it would be absolutely Insane like the the level of wealth it Would just be absolutely absurd if I did That if I'm right and I think I would be Right but even though I have a high Conviction what you have to look as on The other side what if what if what I Perceive is as improbable does occur Then I've just wrecked my my financial World so is it worth the risk the answer Is no that's foolishness that's Ridiculous but he did it and some people Do stuff like this into each their own I Think it's absolutely insane that's bat S word crazy I would never do this no Matter how my conviction is in any one Thing no absolutely not they've been Working for decades you know and with Keeping in you know U retirement in mind And making sure that I've got what I Need to have and then to put it off Let's see let's just put it all this one Put it all in black um no no nope ain't Happening but that's what he did and for A short period of time it worked and he
Became very famous peace continues after The Dogecoin price crashed in 2021 and 2022 kotto continued holding onto his Doge as the meme coin plummeted all the Way from its all-time high of 74 cents In May 2021 to um 7.4 cents in March 2023 that's absolutely Insane from oh my God anyway um let me Go down because they Shar some Additional interesting information here About what he did in February 2021 Dogecoin was trading at about 4 and a. Half cents after reading about the meme Cryptocurrency on Reddit in early 20120 Kesoto decided it's time to go all in he Maxed out his credit cards and invested His life savings reportedly $250,000 into Dogecoin while his friends and family Wondered whether he lost his mind kotto Was off to a great start just two months After the initial investment he was Sitting on more than a million dollar I Believe I'm the first Dogecoin Millionaire of 2021 he stated on Twitter As Dogecoin continued to rally and the Dogecoin dog me became mainstream kota's Account grew to a peak of $3 million at Which point he decided to quit his job At this point in time he was up more Than 12x on his initial investment of $250,000 in a span of just 3 Months in mid September
2021 days after being prominently Featured in a New York Times article Kotto met with a crypto expert with whom He had a heated debate over whether he Should sell his Holdings at 25 cents per Doge he didn't kotto was reportedly Waiting to sell it all once Dogecoin hit $1 which ultimately never came to pass Okay folks so you know and I I actually Saw a video too it was just a video clip Where Graham Stefan who is a very famous YouTuber he's got over four million Subscribers he just talks he talks about Crypto sometimes but it's more like Broadly speaking of like a finance Channel um and I'll talk about real Estate and other stuff I'm sure a lot of You know who I'm talking about very Famous guy interesting Channel I think He puts out good content but anyway uh He he talked with this guy he he got Together with somebody else and it was They were just trying to convince him You need to sell $3 million worth of Doge you don't have to work another day In life and they pointed out look if you Uh if if you just take this out just Invest it in traditional finance and Then you know you can pay yourself even If it's just 3% per year like you never Have to work another day in your life And mind you he was making $50,000 a Year even at 3% you $3 million you're Talking about 90 grand a year even at
Just 3% if that's what he pays himself And then the and then his Holdings would Still get bigger overtime on top of that He's set he was set he he didn't have to Worry about anything but no he needed That Doge to get to that $1 mark because Of psych you if you've been a cryp a While you know like even numbers like That those are typically or very Frequently anyway psychological levels Where there's incredible resistance and It didn't even make it anywhere close to You guys know that well here I got the Dose chart pulled up alltime chart it Got up to alltime high of 73 cents According to live coin watch Anyway so it didn't it didn't really get Particularly close to $1 but it had a Massive face melting rally and that good For everybody I'm sure a lot of you out There listening at least some of you Held Doge during this time I'm sure many Of you hold now um I I don't I've never Held it I'm not against it I just I mean I think it's silly and doesn't make Sense from a utility perspective but I Mean I'm not like sour about everything Like good for you guys making money on Doge cool uh but my God like he had it And he he just the foolishness and the Greed because I'll tell you if if it Were me perhaps I it's the case it means A virtual certainty that I would not Have held to $3 million which he did but
I also wouldn't have held it to $50,000 So yay me on that one so maybe I would Have sold maybe who knows if it were me Maybe it would have been 1.5 million I'm Just making stuff up now it would I Wouldn't have kept holding it though and Then what would have happened is I would Have seen that say I H I sold it at $1.5 Million just making up a number and then Say I saw it run up and then I could be I telling myself oh man if I just not Sold my Doge it would have been $3 Million now I'm so stupid I regret this No but I wouldn't I wouldn't regret it Because that's stupid that's as dumb as I said earlier in the video it's as dumb As boning the fact that you don't you Know you didn't have last week's winning Lottery numbers a week ago that's how Stupid that is it makes no damn sense so No I wouldn't be Bing such a fact I be Like wow look at this life-changing Wealth I have it piled that on top of Everything else that I have U you know All the rest of my net worth and then my Other crypto Holdings and everything Else and the fact that I'm still working I'm good to go I'd be thrilled be over The moon about it Absolutely but but no I wouldn't be be And so look but but you're going to have These feelings when xrp starts running You're going to have these feelings and It's going to be tough uh for me it
Won't be I I don't now fine technically I haven't sold we'll see if it is Emotionally tougher it starts to hit me Then I'll tell you guys uh but uh I'm Not going to let that impact how I Behave you know I'm definitely not going To let that impact how Behavior I mean So all the greed and the foolishness Went from $3 million down to $50,000 and He quit his damn job maybe don't quit Your job if you don't have this you know If you if you don't make the the the the Paper money you know the unrealized Gains the so to speaks paper money if You don't make that become real which You could if you have the opportunity You could make it become real if you Don't make it become real maybe hold off On quitting your job you know maybe That's a good Idea and look this isn't to say do Doge Could never come back it doesn't mean That it won't never hit a new all-time High it very well may I don't know That's not the point of this me talking About this in this video the point is This is what happens to people again and Again and again that's a trap and so That's why so in this video that's why I Covered there's a psychological trap oh Xrp it's just not what if it's just Never going to be treated like these Other coins the other coins hit new Alltime highs and mine isn't well that's
Silly nonsense but I people get DEF it's Just self-defeat and then on the flip Side when things are going well people Have the hardest damn time with it Because they're worried about selling Too soon stop it just have a at least a If not a 100% cemented plan in place if You're not going to do that have a rough Idea of where it's going to be Reasonable for you to sell and maybe Just stick to it and not beat yourself Up if it goes way higher because you Can't time the top this guy couldn't and He lost everything do you want to be Dogecoin millionaire but an xrp form Because I don't I sure as hell don't I'm Not going to do that I'm going to sell It's going to be way lower and this is Why I'm thrilled to have I'm thrilled That I put so much money into xrp Subjectively I say it's a lot for me Some of you would agree some wouldn't Okay because there are people listening That have a lot more xrp than me and There are people that have way less xrp Than me so it's it is subjective but all That to say I'm glad that I put all I Took all this additional risk on I'm Still glad that I've done this and I'm Glad that I'll get the dollar figure I Want selling at $5 whereas when I had Less I probably would have been one of The people that felt like I needed to Hold to $10 or5 or
$20 or $25 maybe I would have gone through a Whole another cycle after that just to Make that Happen but selling sooner than almost Anybody's talking about that that makes Me feel pretty good right now and that's The reason I did what I did so either I'd have to hold through a subsequent Cycle or I'd have to lower my Expectations in terms of dollar payout Which more likely is what I would have Done because once it Rockets I'm going To recognize that I would have Recognized even I held a way less xrp And I'd still just sell and maybe I'd Push it a little further then maybe I'd Go and start selling at seven or eight Bucks I don't know maybe but the point Is Uh I I would not be afraid to sell at Lower levels than almost anybody and There will be people that make fun of me When I'm public about this and I'm just Going to think no you're a damn fool Your mentality is the reason people get Broke investing your mental that's what I will think about those people and They're going to be there and it's a Small percentage of people and they're Going to give me crap and I just don't Give a damn I'm going to think they're Damn fools that is exactly what I'm Going to think but to each their own
They can do their own and they can hold Past the all-time high and then maybe Pull a Dogecoin millionaire button xrp Form and then I'll just be sitting there With my life-changing wealth even if It's four times lower than what the xrp High ultimately was when it finally rips I don't care it's just fine so I just Wanted to expand some thoughts on this Because again as markets are heating up Just you need to have these things in Mind and hopefully you guys have Sufficiently thought through this and You've kind of done some work internally Mentally to prepare yourself because These markets destroy people and if you If you're not emotionally prepared for This going in you're going to have a Real tough time so just think about it Be ready for what these just anticipate What these emotions may feel like Because this is what hits people it's Not going to be unique to you this is What hits people these Feelings 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
