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Hello this is Matt on the moon Lambo Channel and today is a historic day Bitcoin has hit a new all-time high as Undoubtedly you have heard by now Breaking above $69,000 and the dollar figure you're Going to see depending on where your Look is going to be a little bit Different um here you can see there's an Article from CNBC Bitcoin Rises to Record above $69,000 then quickly tumbles 8% and they Reference uh $169,200 is the high According to coin metrics I've seen Other sources at about 69,3 $300 if you Go to live coin watch they're only Reporting $68,900 which is still an All-time high um and that's just because Data collected in various Ways by Different um index index sites like like Livecoin watch and coin market cap uh But I'll just say this at the outset um Despite the massive pullback I mean I Hope that you guys having been in crypto For at least a few years just about all Of you at least a few years I'm I'm Hoping that you're not the types that Were frightened by this uh you know the Fact that this happened uh was a Well-known possibility uh in fact I Think it was literally yesterday I was Sharing perspective from for instance Credible crypto warning that this is one Of the scenarios that could play out you
Could see the uh the Bitcoin alltime High get tagged which is what we got and Then see a notable pullback uh I've been Excited the whole time even as the Market started melting down a bit I've Just felt nothing but excitement Throughout the day because I'll tell you This now that this has happened I have The strong strongest conviction I've Ever had that xrp will indeed be hitting A new all-time high so let's talk about What's going on and share some Perspective from a number of uh Individuals but before going further I Do want to be clear I do not have a Financial background of any kind I 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 uh the time I record this By the way it is 7:13 p.m. uh Central Time and this is Tuesday March 5th 2024 uh xrp 59 cents Bitcoin down to $63,600 and if you look look at the Spread here for xrp from bottom to top Over the last 24 hours 55.4 cents was The low after things started cratering Down this afternoon and 24-hour High 66.7 uh cents so you know from top to The bottom that's that's a 177% decrease So pretty pretty wild now obviously it's
Popped up a bit since then so only down 9.76% over the last 24 hours currently But wow um Bitcoin again wow we already Talked about that uh take a look at the Crypto fear and green deck 75 out of 100 So yesterday we were at 90 out of 100 Which was extreme greed now we're just Knocked back into regular old greed Incredible stuff here so what actually Can we expect next and I am going to get Into what caused this this pullback in Just a a minute but let's let's get to Something that's a little bit more Exciting cuz I'm assuming that the vast Majority of you listening to this Channel you've been here for a hot Minute I don't think a ton of new Retailers are in here yet although if You're one of them welcome to the party It's going to be fun uh but let's talk About what might be happening in the Future and then I do want to talk Specifically about xrp because I have Some thoughts on this and I'd love to Run by you guys and also get some Feedback from you uh but there's this Artic on The Daily uh from the daily Huddle and I don't want to read the Whole thing just the Tale in here uh Definitely caught attention reads as Follows and so this is about Expectations of of where Bitcoin Historically well where it has gone in The past and then you can maybe come up
With some suspicions and expectations About what's going to be happening in The very short term in terms of price Action they right historically Bitcoin Has continued to run redh hot after Reaching its all-time highs as noted by Bitcoin researcher and Advocate Dylan Lir this is how long it took Bitcoin to Double in price after passing previous All-time highs and so obviously the Timing of this rather relevant Considering we just hit an all-time high This morning uh for Bitcoin despite the Pullback so once that happens how long Does it take to double the price to Double which would take us you know About $138,000 of it doubles I'm no math Wizard but that's yeah that's that's About what it would be well in December Of 2020 it took 18 days that was it December and so that would that would be When Bitcoin finally crossed for the First time that $20,000 price level 18 Days later doubled in March of 2017 the price doubled in 84 days in November of 2013 it doubled in 10 days That's it in March of 2013 it took 18 days and then they note The last time Bitcoin beat its all-time High its price tripled in 103 days if That were to happen again it would bring Bitcoin to $27,000 so I I think it's the case that
Um the amount of time we have left in This bull market is perhaps not that Great and I don't pretend to know Exactly how long this thing is going to Run but I wouldn't be surprised if it's Several months half year something like That um and then it's all pretty much Going to be over but in this time period We're going to be able to achieve our Life-changing wealth and xrp is finally Going to hit a new all-time high in ENT Prise Discovery I mean that's my bet I Can't know for sure and fine I could be Wrong uh but I'll absolutely publicly Beat that drum and say uh that's my bet I I believe that's what's most probable And um and I actually posted that um Here maybe I'm just pulled up now yeah I Posted it this morning xrp is going to Hit a new alltime high that's the first Thing I posted after I saw Bitcoin hit a New all-time high and um you know Somebody was giving me a little bit of Trouble nothing crazy nothing rude or Anything but just like uh basically Saying like why are you looking at just One single metric and I'm not I'm Absolutely not I'm looking at the Totality of the entire situation but I'm Noting and this is an important thing to Consider xrp's never had a new all-time High in a you know if if Bitcoin hadn't First but now that has happened so it's Not it's no one thing that's the end all
Be but my gosh like to be clear here um And actually the blockchain backer was Talking about this earlier it I believe He said that 22% of coins hit a new All-time high last cycle 22% so almost None of them but the coins that did uh Well a lot of them had developer Activity that was notably high and uh Other than that if they didn't have Notably High developer activity I mean I Think what you find is that they're just Broadly used there's actual utility to Them and so the coins that are in the Top 10 by market cap there's a reason That all of them last Market cycle ran New all-time highs except for xrp and Why didn't xrp well because it was under Attack by the SEC it's not there's Something wrong with uh xrp but the idea That the top 10 coins which which the The market deems as the most useful and And valuable on the whole despite stupid Coins bumping up in and out like I Despite I understand that the so the Idea though that broadly speaking the Vast majority of coins in the top 10 Being accepted as as the you know by the Market as being functionally the most Important it's absurd to think that that Those coins especially a coin like xrp To think that it wouldn't hit a new All-time high absolutely absur to me now By the time this Cycle's done if xrp Actually doesn't hit a new alltime high
Yeah we need to have a serious talk I Will be wondering functionally what what Is wrong um and so my only and I'll just Just want to be getting it all out here To be on the Record the only caveats I have to that Is if we have a Black Swan event and it Cuts this whole thing short and xrp Doesn't run okay well that's a little Outside I'm but I'm saying xrp is going To hit a new alltime high and that's my Bet I'm saying the market gets to go Crazy we have the blowoff top and xrp is A part of it if there's if there's a Black Swan event that's a little bit Different if for some reason we don't Have an actual alt season and then xrp As a result doesn't hit a new all-time High well okay so those are my my two Caveats the only two I've been able to Think of in in the you know the weeks And months leading up to this point but Outside of that I'm saying if the Market's going to run xrp is going to Run with it I think there's about a 0% Chance it doesn't it just doesn't comp It doesn't make sense why out of over 20,000 coins xrp is the one that gets Treated different it's it's like the Only useful coin that doesn't get to go To a new alltime high I just I don't Believe it I I don't believe for a Moment that's what's most probable and Yes I admit I could be wrong but I don't
Think it's that's most probable I really Don't xrp is hitting a new alltime high Son it's just a matter of time start the Clock here's a post by chart analyst Josh Rager uh this this a bitcoin price chart He said just to give Clarity last time Bitcoin was on the verge of breaking the $20,000 alltime high in 2020 it took About two weeks to fully cross with chop And sideways just under the previous High expect some sideways action to Happen here under $69,000 nothing to get overly worried About in my opinion and so folks there Is historic precedent for this and and And look I don't know if I talked about This too much but in terms of my Expectations once Bitcoin hit a new All-time high well I didn't think it Would just flutter about there exactly At $69,000 for some long period of time I Thought either it's going to reject hard Or it's Blast Off tremendously and we we Got a pretty hard reject initially and So you know if this is going to look Kind of like what happened in 2020 okay Maybe we go sideways for a little bit Some some weeks and maybe that'll give Us some time for uh give us some time For certain altcoins to pop off it's Going to be fun regardless even if Bitcoin consolidates for a little bit
Before another major push to the upside Okay but in all likelihood at this point If you just look at historic prent Bitcoin's going way higher and so though Even though I'm not you know at all Excited about the multiplier effect for Bitcoin from this price level I mean We've already had the run from you know About $155,000 dating back over a year Ago uh I I just I understand the Implications for the rest of the crypto Asset class that's why I'm excited and Yes if Bitcoin does get close to $100,000 I'm going to start selling Finally I've been holding that sord coin Since 2017 okay so I will start selling It I'll start scaling out I don't know If I'll sell all of it before $100,000 But honestly that's enough of a return For me like it's it's pretty good maybe I hold on to a chunk of it after for That I haven't decided right now it Doesn't really matter it it's I'll be Making a pretty penny on it you know That's that's the point and now again Holding over six years Though ah gotta get paid at some point Right um then there was also this post From Michael vop and this is actually From before uh 15 hours ago from before Bitcoin H an all time high of Course and um and he wrote uh massive Run and massive upwards move on bitcoin It didn't hit new all-time high but it
Likely will uh will likely come in the Next few days I think we'll be seeing Mid 50,000 regions in the coming months And I think we'll see altcoins continue To Rally some have woken up and so we Haven't hit the 50,000 but it's not Absurd to think that could happen it's Just nice it is nice to see that Bitcoin's held above that particular Level and so for the fun of it given That last Market cycle he was putting Out some because he does not like xrp Nothing against him he seems like a Friendly dude and all but he put out Some wacky nonsense price predictions For xrp which aged like a fine milk you Know so I just thought I'd ask him what What do you expect for xrp and he didn't Respond that's okay he doesn't have to Um but somebody wrote To Me named crypto Coco and wrote to me and said those Dinosaur coins will never go to all-time High again and So I responded to him and Said like the dino coin Bitcoin the most Dino of All telling you it's just completely Absurd like I understand a lot of the Older coins are never going to see new All-time Highs but some will you know Like some are actually um moving up There I mean like there are a lot of old Coins in the top 10 actually I mean all All things considered you got Bitcoin You got eth you got uh you got xrp hell
Even Tron until recently was in the top 10 and that hasn't hit a new all-time High I don't think anyway uh since I Guess 2017 but but still you get the Point like there are some older coins That are functionally useful tried and True so yeah they're part of the asset Class they're going to move in tandem With everything else and the and the Valuable ones they're going to hit new All-time highs in Enterprise Discovery That's just how it Works uh here's a post from chart Analyst credible crypto alltime highs Broken before the having congrats fam Let's enjoy this indeed celebrate today Have a good time this is a big freaking Deal uh just and again my conviction has Never been high I feel like it's almost Like once I saw that the alltime high For Bitcoin once it sunk in a little bit I was like I just felt relief I was like Yeah I just I was just like there's Nothing else making me think that xrp Might not hit a new alltime high now There's nothing else I I can't I mean am I forgetting something am I missing Something again unless one of those Things I I I listed that one of the two Things I listed is you know potential Caveats occurs like a black SM or Whatever it's happening why the hell Wouldn't it happen and even if it's at The end of the market cycle okay
Whatever and and you know even if that's The case I will tell you the last two Market Cycles xrp ran in separate bursts Before heading it it highs so we're Probably going to see a massive move for Xrp sooner than later when when alts are Running and even if that won't take us To new alltime highs right away and I Wouldn't necessarily expect it to Although it could uh cool so we don't Have to wait till the very end of the Cycle and all likelihood to see some Fireworks um but again just don't be Surprised if it does blast off last just Because historically it has just don't Be caught off guard if that's that's the Case I'm going to be celebrating and in Party mode the whole Time and I'll be scaling out as soon as Xrp gets anywhere close to five bucks I'm going to start to scale out if it Gets there I'll probably make a a sell I Don't know maybe about 5% of my holding Nothing crazy probably about 5% of my Holdings once we get close to five bucks Maybe I might even sell a little bit Below $5 just because I know that's a Psychological level that may hit some Resistance um who knows I mean maybe Things go Bonkers and it'll just melt Through it but uh just take a little Risk off the table and it really if even If I sell 5% I think um if I did my math Right I think that about takes me to
Break even on xrp basically that Basically have recouped what I uh Invested which is a lot I put a lot of Dollars it's my largest individual Crypto holding by a lot uh here's Another post from chart analyst credible Crypto bitcoin price chart on your Screen and he said uh this at 107 p.m. Central Time by the way he said working On some more in-depth charts Andor a Potential video but in the meantime I'll Leave you with this $614 on bitcoin is the most important Level on the chart right now on Lower Time frames it holds the key to Continuation to the upside after some Consolidation or a potentially deeper Correction back into the mid High 000s We'll get further Clarity on which Scenario is most likely as more price Action develops and to be clear even if That happens uh this is not something he Is concerned about not in the least um And then as far as what happened here uh Well again tailes all this time Leverage Absolutely wrecking people it's just Just I'll never understand why the Typical person thinks it's sane to be Playing with leverage when you're Talking about crypto the most volatile Asset class on the entire damn Planet by A lot not by a little but by by leagues I just I can't understand the simpleton Mind that thinks this makes sense and I
Understand that there's some traders That successfully use it and good for Them cool cool I'm saying for the Typical person you get wrecked I'm sorry The thousands of percent of gains that We see in crypto uh like I'm sorry That's not enough for you you need to Play with fire are you sure okay well Enjoy being an idiot stick so anyway Here here's what credible crypto had to Say nice flush on open interest reset Back to levels it was at before the run From 60 to 70,000 all the lever Positions built up that uh that run have Been effectively rinsed open interest is Nearly back at our last bottom level Which is already historically low so Don't expect it to drop too much further Which also means chances of another Major liquidation event following this One are Low more likely uh more likely the worst Of the drop is over and we now chop SLC Consolidate together further strength For the next run on the highs and he Posted that at 2:31 p.m. central Time so Again the fact that the market went down Not terrifying in the this has done Nothing to make me stop smiling are you Kidding this is an incredible day I we Are so so close to the life changing Wealth we've been waiting for for years It's like it's right there here's a post From the blockchain backer and this is
Pretty fascinating he said um here I'll Make this full screen too he says I do I Do believe that liquidation competes uh With FTX collapse liquidation if not Darn close good news is when these Happen things usually settle down so He's comparing the liquidation event Today with what happened in November of 2022 when FTX collapsed that's intense We see Bitcoin hit an alltime high and Then an FTX level liquidation of it I Love crypto it's so stupid uh here's Another post from the blockchain backer I do not believe the 2020 and 2016 Comparisons are going to work this time Around for Bitcoin everyone is relying On them way too many things are Different and by the way I think that's Completely Fair especially if you're Looking at uh what's happening with you Know small cap stocks you know where's The EXP in the market he's been beating That drum quite a bit and it's true Which is why I'm glad that he's been Bringing it up these are valid points And then there's a question about what's Happening with gold uh you know normally In a time like this it wouldn't be Increasing in price and hitting new All-time high so so there's are a couple Things but uh I guess that just means we Don't have a a great map for what this Is going to look like other than we Understand when Bitcoin hits new alltime
Highs usually gets even more insane After that which is what just happened Today we have a lot to look forward to 2024 is going to be amaz I mean already Has been frankly but just think what We've been through all the nonsense with The SEC attacking our xrp community Financially harming us going through a Bare Market 2022 all the collapse Everything that's happened just to Surge Back out of There we deserve what's coming as long As it's good stuff and I think it's I Think it is like I really think it Is um then there was this uh from chart Analyst Gert van Logan he said Bitcoin Always pumped prehab to the upper blue Trend line each touch of the upper trend Line was by a fifth subwave also known As a blowoff top the cycle is finalizing Not starting here most likely in style With a moonshot straight to $200,000 well wouldn't mind seeing that Now mind you if if Bitcoin makes it at $200,000 I will have sold my entire Position well before that like Absolutely But again I was buying it four digits so If you're talking about you know going To six Digits I got I got I gotta get the hell Out of that s word coin like I I have a little fun I like Bitcoin I'm Just having fun but um but but anyway so
Yeah so as far as the blowoff T it is it Is just a matter of time here like I Just I can't imagine us not having Something like that that just doesn't Make sense the Market's just getting Hotter and hotter frankly but he he's Right most of the move for Bitcoin it it Is over Even if you get a twofold increase or it Say it is insane and you do get a Three-fold increase from here and it's a Little over $200,000 fantastic and in Fact that I really do mean that by the Way because if you see that the Multiplier effect for altcoins is going To be that much higher there will be That much more money capable of rotating To xrp and eth and pick your coin oh It's going to be Bonkers here's another Post from Gert van logen Discovery Momentum blowoff final stage of the 2018 Through 2024 bull market fomo is about To kick in Amen brother uh and this was Interesting too there's a post from Charlie shrim he said Bitcoin alltime High around $669,000 congrats everyone This memory came up today guess what the Price was Don't Look Now mind you I'm Sure many of you know who Charlie shrim Is he was the founder of bit instant one Of the first cryptocurrency exchanges Ever way way way back in the day and he Shared a post it's a screen grab of Something that he wrote on March 5th
2013 11 years ago today he said wow Bitcoin is really high right now now That's subjective what's really high to Him as of 11 years ago today well here's A historical snapshot of Bitcoin on coin Market cap March oh oh I'm sorry this is May May 5th 2013 I made a mistake there Let me see if there is one closer to That then one second here let's go to Historical snapshots 2013 oh shoot it Doesn't go back that far damn it well so The oldest one we got is April uh April 28th 2013 um and and Bitcoin at the time was $134 so I don't know if it had come down From them because that that you know it Was over a month later but either way Three Digits whatever the price was uh three Digits my friends my gosh it's it's Crazy because look here coin market cap Is listing at that point seven coins They're now over 20,000 how many are List it show it up here Over well I thought The you know I thought that uh the Numbers are on the top this this is it 2.2 million Now I don't know I don't want to get off Tracker it doesn't matter that's kind of Not that the big point of what anything That I'm covering in this video I just Thought it was kind of fun to take a Little bit of a stroll down memory lane
After he shared that because my God I Think that if you uh take a snapshot of The price action today and fast forward You know another 11 years yeah people Are going to be like you love lucky sons Of buying xrp under 60 cents and And Bitcoin under $100,000 I wouldn't be Surprised I wouldn't be surprised I mean Look at this though it's so funny to see This April 2013 xrp is not even listed So xrp existed but it actually wasn't Tracked by uh by coin market cap until I Believe August of 2013 and I don't even Know uh when it started trading on any Exchanges so that may be part of the Reason there may just have been no Liquidity and it just wasn't being Traded anywhere I can't off the top of My head I just don't recall when it's Officially started Trading um and then there was this from Uh chart analyst techdev 434,000 Followers on X he said new Bitcoin Alltime High rip having Narrative yep and then he shared one of His posts from July 16th last year he Said doesn't look like it's ever been The hav clever Satoshi tried to line it Up though it's a liquidity Cycle World Bitcoin lives in it spot on they're the Having narrative is dead now some people Are going to try and Carry It Forward Undoubtedly but it's nonsense and Garbage and does not matter you know
It's just saying that the you know the Four-year having cycle is the reason That we see the price action we see is Just as stupid as saying that the reason We see the price action for Bitcoin is Actually the uh the presidential Election in the United States because That's that's four years too no the Reason that it's not exactly four years Is because it is about liquidity it's The liquidity cycle Which is less than Four years that's why you're seeing it Uh seeing it different Now so you know we'll we'll we'll see What happens here folks um just enjoy Today enjoy today I know xrp's a little Bit down right now it doesn't matter it It just doesn't matter you know and the Worse it looks against the B the the Against Bitcoin if you're talking about The xrp BTC pair great because that's The closer to liftoff then because Historically as that's looked more and More disgusting we've gotten that much Closer to xrp rocketing out of there and Closing that Gap it's going to happen at Some point like that's my conviction and I don't know for sure so like you know Just I'm going do it on the internet so Like you Know take that for what it's worth I Mean my name is Moon Lambo that's dumb As hell so like I'm not offering Financial
Advice you don't even know if I'm Wearing pants you do not know my current Pants situation you don't want to take Advice from me some dude on the internet Nam moon labo what a stupid ass name so Anyway celebrate I'm going To I just been beaming today I hope you Guys I really do hope it's just we've Been through so much you know this is Incredible xrp is going to hit a new All-time high it's going to Enterprise Discovery and it would have last cycle Of not for those ass hat Pricks at the SEC but we're still going to get Ours 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
