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Hello this is Matt on the moon Lambo Channel and I have three stories to Share with you in this latest Moon Lambo Extravaganza you thought I was going to Say hi Jam I tricked you all right check Out check out this headline this is the First one this is really super Interesting um because I'm going to drop Some data on you that I I hadn't seen Anybody else in the community tabulate Themselves uh but check this out here's The headline xrp set to end December and Fourth quarter in green ending 5-year Losing streak now of course and I'll Show you what exactly what they mean by That there's still time to screw that up Because there's a few days left but it's Actually looking pretty darn positive Here uh there's also this headline Ripple could dump over 96 million liquid Xrp before 2023 ends and I have a very Simple point on that one uh and then There's this one having nothing to do With xrp but it's interesting and also There is a lesson in this but look at This headline this is terrible JP Morgan Chase accused of destroying 50 million Ion dollar Fortune with risky bets as Investor slipped into Dementia yeah that's a real headline but Uh before going further I do want to be Clear I do not have a financial Background of any kind I am not offering Financial advice and you definitely
Should not buy or sell anything because Of anything I say right I'm just an Enthusiast who enjoy is making YouTube Videos about crypto related topics but Just as a hobby and just for fun all Right so into this Pur Feast Pur Feast Yeah we're going into the pur Feast That's what we're doing Somebody got a neutr grain in that purse I I don't know all right xrp is on the Verge of closing December 2023 in the Green as it looks to break a 5-year Losing streak that has seen it in December with losses since 2018 xrp's performance since October has Disappointed investors especially Compared to the pace of the broader Crypto Market within the same time frame So folks I'm already tired of this Narrative and I've seen this a lot and I've I've kind of ripped it the shred so I'll just be brief here there are tons Of coins that have not blasted off yet Xrp is one of them although in 2023 it's Done pretty well it damn near doubled The price if people at the beginning of 2023 knew for sure that xrp at the end Of the year would be over 60 cents they Probably would have been happy in the Absence of any additional information But you know it it's just you know you Look at the it's comparison like I keep Saying comparison is the thief of joy That's what's happening here you're
Looking at other stuff and then this one Thing you own isn't going off to blast Off yet anyway it's so what it doesn't All go up at once so it's not a big deal But um here's what they ended up showing They they they showed a website which I Have shared and I have noted that most Months xrp is actually down in price if You were to bet in any given month in The absence of any additional Information if you were just asked to Guess if xrp going to go up or down if You were asked that every single month The place a bet going back to August of 2013 which is the first month that's Tracked for this if you had just said I Bet that xrp is going to go down you'd Be right most of the time you would be And that doesn't mean there something Wrong with xrp it's just it's the case That when xrp goes it really goes so it Trends upward despite the fact that most Individual months are down uh it just Goes on such rips when it goes yeah more Than makes up for let's just say that More than makes up for but the point That the article was making was right if You look right here top right portion of The screen here you can see that we've Actually got 10 full years from 2014 Through 2023 showing uh the uh the price Activity for every single month in terms Of percentage gains or losses and we Also have five months in 2013 which
Means five data points in 2013 uh from August through the end of December so if You look back to 2018 and this is the Point they were making in the article December has been down Uh for each of the last five data points 2018 through 2022 five years in a row right there Down this would be the first time where Xrp is actually not down and so you know Um I'd say I don't want to jinx it but I'm not superstitious because that stuff Is stupid and it's not grounded in logic And science but so I'm I'm not going to Jinx it but uh you know we're up right Now it's in the grain so there's still Time to screw this thing up but we're up 4.5 5% for the month of December so Happy to see it happy to see that but um You know I actually crunched some more Numbers just out of curiosity since um Since the Crypt basic wrote this article It got me thinking because I I I had Already made the point broadly like Obviously most months are down so so Check this out I actually wrote this Down um so if uh if December ends up in The green for xrp this year this will Actually be the eighth green month the Eighth price positive month this year Eight out of 12 that's high that is not common and And so look because again this is rare As most months for xrp have been read
Historically they just have it's on your Screen right there and so check this out In 2022 only four months out of 12 were Green so that means eight months price Was down this is why people get beat up So much an xrp this is why people get Destroyed people are not emotionally Equipped to handle this that's why it's Like kudos to you listening to this if If you're still here and you've been for Here for a hot minute kudos to you this Market destroys People uh so again 2022 four months in The green in 2021 six months in the Green in 2020 uh there were five Months Um oh wait uh yeah 2020 there were five Months uh in 2019 there were four green Months in 2018 and this is pay full There were two green months that's right If you were there in 2018 as as I was You endured 10 months where the price of Xrp was worse than the month Before Yay good times everybody in 2017 Though this probably won't be surprising Because I mean it was Bull m month but Uh it there were eight uh eight positive Months but in 2016 there were only five Five green Months in 2015 there were only four Green months out of 12 in 2014 there Were also only four green months out of
12 so you can see this is what I'm Saying like most of what it is to be an Xrp holder is to suffer but when it goes Yes we get ours that's that's a big part Of what is so alluring as an xrp holder Because you know when it goes It goes Historically and in 2013 like I said Earlier there were only five months of Data right but uh only two of those five Data points two of the five months only Two of them were Green so including December of 2023 um and I know it's not quite over But let's just say it ends in the green That means we now have 125 data points With each month being a data point there Have been only 57 green months for xrp In history versus 69 red months that Means 55% of months have had downward Price action for xrp and only about 45% Had been to the Upside so you can see again how easy it Is for people to get Destroyed but you know that it's just Going to make it that much sweeter when This thing actually goes here which I Firmly believe is going to happen uh now On to the next topic Ripple and again I'm I'm going to brief on this one it's Just I see headlines like this and I Just I got I just got to chime in Ripple Could dump over 96 million liquid xrp Before 2023 ends folks that's a drop in The bucket you understand like um I I
Don't know what it is right now I don't Pulled up for this video but um earlier Today I was looking at the 24 hour Volume 24-hour volume for xrp and it was At something like $1.7 Billion so here you're talking about 96 Million liquid Xrp worth about 60 cents each so Somewhere in the neighborhood of about $60 million compared to a 24hour period Of volume of 1.7 billion This does not matter this is a rounding Error and I'm being polite in saying That it's a rounding error it's Nothing even if even if Ripple Quotequote dumped all of that you Wouldn't notice nobody would notice Except for the people that read these Headlines so I just wanted to point it Out because some people see the big Numbers and they don't understand the Context or what's it mean or what's the Backdrop how what what we talking about In terms of volume it's such a small Percentage of global volume it won't Move the price of xrp at all Not even if it's done all at once not a Snowball's chance in hell so I don't Even need to read the article I just Wanted to note That and then there's this from the Daily hodle JP Morgan Chase accused of Destroying $50 million Fortune with Risky bets as investors slipped into
Dementia the family of a high net worth Investor who's suffering from dementia Claims the banking giant took advantage Of an alien man and squandered a $50 Million Fortune Yun dolger says her now 86-year-old Husband Peter had begun treatment for Dementia uh when he signed a letter Absolving the bank of liabilities for Losses incurred as a sophisticated Investor reports Bloomberg the lawsuit Claims the doers Fortune was essentially Wiped out by the bank as it loaned Millions of dollars to Peter in order to Deploy leveraged bets on oil and gas Securities and by the way uh that's a a Key sentence right there so millions of Dollars were loaned to Peter who had a Net worth already of $50 million but he Was getting loan for millions of dollars To make make leveraged bets on oil and Gas Securities so you know if things don't Go Well you lose that all it could this is Why I don't play with leverage so anyway Let me read a little further Yun says She finally hit the panic button Uh hit the panic button and liquidated The Holdings in March of 2020 at that Point the $50 million Fortune had Evaporated leaving the couple with $400,000 from JP Morgan's Investments And $1.1 million in another account JP
Morgan has filed a counter claim stating That because Peter signed that letter The couple's claims have no merit and in A statement JP Morgan says it repeatedly Suggested to Mr dolger that he diversify And reduce his overall exposure exposure Quote Mr doer signed an agreement Delivered to Mr doer and his personal Attorney acknowledging that advice and Affirming that he was financially Knowledgeable and sophisticated and Fully aware of the concentration risk End quote unun says the couple is now Living with relatives after selling Their condominium in Boston quote we had 100% trust in them that they will manage Our assets we didn't expect them to make Us a fortune but at least make us Comfortable endot quot so here's the Deal I don't know which side is actually Right because all I have is a story and The information that you know that would You know be persuasive for one side or The other I've not seen it made publicly Available to this point maybe at some Point it will be in the future so I'm Not going to assume it's like you to Hear somebody with you know in this case Somebody with dementia and this Liquidated obviously your heart goes out Um I I can't say specifically whether It's not this is the way operate in life Like until I have sufficient evidence my Attitude my perspective is I'm not sure
And that's the right approach that's Just what I I I sometimes I start to Lean one way or another but that's Typically based upon more information Coming out so this is a strong claim Here but that's not even why I'm I'm Pulling this Up regardless of whether or not this guy Was taken advantage of and he may have Been I don't know I I flatly don't know There's no way I could know from this One article right Whether he was or wasn't the moral like The the moral theory that we can Definitely take away from this is Leverage Bad and especially in crypto I'm sorry What the the thousands of percentage of Gains that people typically earn or Frequently earn at a minimum in the World of crypto that's not enticing Enough you want to amp that up with some Damn leverage holy hell I just I can't I'm never going to be able to relate to The people that do that I just I'm never Going to be able to relate to the people That do that especially in crypto the There's so much opportunity for Life-changing wealth and you want to put It all on the Line This is the type of crap that can Happen $50 million turned into almost Nothing that's Incredible so uh if this guy was
Actually taken advantage of I hope that Justice is done and if not then Shouldn't been playing with leverage Here so I I I have no way of knowing That that that's just the case so I Don't have a stance in terms of whether Or not he was or wasn't taken advantage Of I certainly hope not cuz that's Repulsive if so I mean we'd all agree on That that's that would be repulsive to Take advantage of somebody like that in That particular State that's just gross But either way don't play with leverage Maybe 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
