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Hello this is Matt on the moon Lambo Channel I want to share with you an Article a little bit later in this video From the daily hotle highlighting that We're in a bit of an overheated Market Uh specifically led by Bitcoin and of Course this is having a rather Noticeable impact on the coin that I Personally care about most my largest Individual crypto holding xrp so xrp Certainly living um in an overheated Market at least according to um an Onchain analytics firm into the block And that's the uh The Entity that's That's covered within this daily hodle Article and some Fair points are made Which is why I want to bring it up but I'll just note that even So assuming you the data they looked at They're interpreting it interpreted it In a perfectly reasonable way that does Not mean that some sort of top is in or Anything is actually wrong here uh what We're going through right now is is very Normal and to me it only makes sense to Be excited for the future at this moment Time it makes no sense as far as I'm Concerned to be scared as I mentioned in My last video this is my third bull Market that I've been through in crypto I've been here over 6 years this is Super normal and I just watch the people Flip out and then I'm like yeah I'm not Going to do that I'm just that's my I'm
Just not going to because it doesn't Make sense when we get to a point where There are very clear top signals I will Be talking about it on this channel and I will be talking about what I'm doing As I'm exiting my positions I'm not Going to share how much I'm selling in Terms of dollar figures or quantity of Crypto Health but I'll be I'll be happy To share when I'm making any sort of not Move including when I'm selling my xrp And other stuff just for because I think It's fun to talk about I'll be happy to Share that stuff and maybe what Percentages of my xrp holding so on and So forth I'm selling and win that's Always a fun topic of conversation here But we are nowhere near the point where We need to be freaking out about the top So even if things are a little Overheated right now okay that's kind of Normal Corrections always Occur 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 bu sell anything Because of anything I say or right I'm Just an Enthusiast who enjoy making YouTube videos about crypto related Topics but just as a hobby and just for Fun all right so just a little bit Earlier this evening I shared the Following post I know and this is on
Social media platform X I know the Crypto Market is finally going through a Bit of a correction after a tremendous Run I know xrp is down as a result but Personally I'm very excited to see xrp Hit new highs this Market cycle now that It's no longer in shackles due to the SEC loss suit I don't know what will Happen to the price of xrp and I'm not So bold as to make a price prediction no Price action is guaranteed but if we're Going to have a full-blown alt season it Doesn't make sense to me that xrp Wouldn't participate my suspicion is That when this cycle is over we'll look Back and be very satisfied with the Results and uh I do firmly believe what I wrote there I I believe that's most Probable and if you just look at Historically what has happened at Moments like these you get some Pullbacks but man the the greatest Fireworks are yet to come like I was I Made I think I mentioned this in a video Yesterday it's a fun analogy it's like It's like fireworks fireworks are Needers are watching them but the grand Finale is the best part it's that last You know 20 30 seconds maybe a minute Depending on uh you know how many Fireworks uh you know have actually been Purchased for the grand finale but Sometimes they can get completely Ridiculous and absurd and it's fun to
Watch right Who doesn't like some Fireworks well that's kind of how it is In the world of crypto the best part Actually is at the end and we really Haven't seen that yet and there are tons Of metrics you can look at and um Metrics outside of chart analysis but Then if you look at what the chart Analysts are saying like out of all the Analysts I follow none of them think That we are anywhere close to actually Hitting a top here so this is not the Time to be freaking out uh here's a post From chart analyst jelly who said They're going to make this chart look as Scary as possible before it goes to $100,000 be patient even if it takes a Few weeks to resolve the best is yet to Come hash Bitcoin spot on and sometimes It can take a little B and in the moment If you're especially if you're a fearful Person uh which usually comes from you Know with a lack of knowledge of what is What historical Norms are because when People are scared let's be real a lot of The times people are scar scared it's Because there's a lack of knowledge There's some un certainty that's what's Causing the fear um but if you have you Know a historical perspective on what Happens in these moments then that fear Melts away and then it's pretty easy to Just sit here and be chill so you know
If if it's if it's going to take a few Weeks it doesn't mean it will that's Going to feel like an eternity to a Person who's scared because they'll Continue to not have knowledge and then It's just oh what are we doing here but This this is normal so even if it does Take that long okay whatever it's going To pass and then eventually we're going To start moving back to the upside Here's a post from chart analyst crypto Insight UK those who missed entries in Bitcoin or alts and are SL were waiting For a pullback this is it things will Turn back up before you know it don't Get greedy waiting for a bigger dip if You want more exposure don't miss the Train so I think that's very Sage wisdom There you know I'm not telling you to Buy or sell you do whatever the hell you Want I'm just saying if if if your Expectation is well maybe I'll buy but I I really want to have more and I just I Need the price go well you might be Doing that time in the market thing now Whereas for someone like me like my bags Have been packed pretty much for Eternity so there is technically a price Where I'd throw more money in but that's Just because it's like okay twist me I Don't need more but if it looks so Disastrous okay fine which is part of What I was doing even in November of 2022 even then I felt like my bags were
Packed you know but for people who don't Feel like their bags are packed and they Think that that uh well I'm just going To wait it out a little bit more it's Like do you really want to be playing That game do you really want to be Because it doesn't frequently work Out here's a post from altcoin Jim if You've played your cards right you'll Probably earn more by doing less over The next six to 12 months and he's got a Little brain Emoji yes thank you spot on And that is why and not just six to 12 Months I I'll tell you this that that Mental that is exactly why the whole Time I've been in crypto since November Of 2017 My whole strategy has been to do nothing I purchase stuff and then I do nothing Period That's I don't get in and out of Positions and I hold and some stuff that I own it's probably you know probably Never going to sell or it's going to go To zero or I won't be enticed to sell Whatever but I brought exposure to the Asset class and my my crypto portfolio Is way bigger than I ever would have Reasonably hoped that it might be well Maybe hope maybe that's a little bit too Far guess I would have hoped but to Actually know that it's real now yeah 2017 me would have been flipping out They so thank you 2017 Matt Moon Lambo Uh for implementing this particular
Investment procedure because it's and It's easy too like I just I literally Don't do anything it's awesome and so um Xrp Community member Frey shared that Post and he wrote The Following he's Been in crypto since 2011 mind you and He says yep don't try and trade yourself To wealth add tax And trying to time the market will Destroy slashy Road 90% of people's Current portfolios many lose coin Stacks By trying to trade them larger plus Adding short-term taxes in many Jurisdictions you end up worse off yeah Sage wisdom and by the way he works he Has an actual career in finance he does Know what he's talking about the people That try and tie markets and get in and Out of positions those are the people That don't do well the people that do Nothing or almost nothing you know Closer to what I'm doing those are the People that really make money broadly Speaking here's a post from a chart Analyst JD he said xrp ignore the noise Caused by emotions from dumb money and Follow the charts on the non-log scale We see a textbook retest beginners want That breakout while smart money wants That retest to show strength of a trend Line yeah so there you go and this is an Xrp USD price chart uh so just be Patient retests are normal when it comes To stuff like this I'm not a CH guy but
I know This here's that post I was talking About from the outside of the video from The daily huddle Bitcoin skyrocketing Leverage suggests crypto Market could be Overheated into the block the Skyrocketing level of Leverage on Bitcoin could suggest the market is Overheated according to the analytics Firm into the block and so I'll just Pause here to say I know most of the Retail speculators that were that were Expecting to you know to come that we're Expecting to come to the cycle like They've not arrived yet I understand That there are new people there's Probably some new people listening to This video in which case welcome thank You for stopping by I appreciate it uh But U most of the new participants that Will end up being here by the end of the Cycle haven't arrived I think that's What most of us suppose is likely to be True right but it's still possible for This Market to be to become temporarily Overheated SL overbought you know e even When the current batch of Market Participant Is what it is even when it's not peaked It still happens you know Corrections of Course will you know still be necessary At times sometimes big ones you know and And and sometimes big ones well before We hit a top for the market
Cycle you know and so analytics from Into the block argues exactly that point You'll see you know this perspective is In opposition to the opinion of you know Chart analyst credible crypto who Believes we're likely to continue to see A move to the upside but they shouldn't Even frame it quite like that because It's not that they're necessarily saying This is over it's it's just a question Of like how quickly it Recovers but anyway peace continues uh Lucas uturo whose name I'm assuming I'm Butchering because I don't know how say Uh head of research at the firm says in A new analysis that funding rates have Reached their highest level since 2021 Quote funding rates on binance and Buybit reached levels of 0 6% and 9% Yesterday paid every eight hours these Fees translate to an annualized cost of 93% and 168% in order to go long Bitcoin The abnormally High funding rates are Indicative of a market that skews very Heavy heavily on the long side end Quote oduro says the overly bullish Derivatives picture should be a warning Sign for the crypto market and he said Quote the crypto Market is showing signs Of being over heated the average 90-day Return for the top 20 crypto assets Excluding stable coins listed on into The block is 103% okay and so that is that is
Obviously quite telling here but Um look you know it's it's interesting The Futures markets are are too bullish At this time because there are so many Typical retail speculators out there who Have become fearful over the past couple Days or so isn't that an interesting Comparison you know when whenever but Check this out this is my stance like When everyone becomes bullish this Typically you know indicates you know Because this beh Behavior just it Typically indicates you know like this Is the sentiment that you would expect At the top of Market Cycles but to me it just doesn't seem Like that's occurring right now and if It is show me the data I haven't seen it I haven't seen seen it from anyone and I I scour the Weber nets for this stuff And certainly social media because That's where the real action and really Interesting takes in crypto are and so It's you know it's completely plausible A correction may be needed now but you Know it's hard for me to believe like We're moments away from seeing a top in This market cycle that doesn't make any Damn sense so I I would just say you Know do whatever you want to do I don't Care if you buy or sell or hold I'm not Advising you on that but I would just Say in terms of doing a emotional Checkup on yourself I would just
Encourage you to chill because history Indicates this is not a time where we Really should be scared it just it just Doesn't it doesn't look like we should Be scared right now this is a time for Opportunity hell who knows like I was Even thinking about this earlier today I Don't know if I'm going to do anything Because like like I said my bags are Packed um but I do keep earning money And I got to put it somewhere so I was Even thinking I don't know maybe I put a Little more in it's just but it'll just Be like a a tiny little bit in terms of Whatever the percentage would be Compared to My overall crypto Holdings It just feel this little tiny bit but I Don't know I always got to put money Somewhere so maybe I do it's a good time I markets down like I wasn't looking to Buy any more crypto but Health like why The hell not maybe I will I'll have to Think about that I don't know exactly What what I'll buy maybe top off some Bags a little bit I don't Know but I look at it like that because Like this is not a time to be afraid of Anything and maybe I will buy more like Just if anything okay then great a Little bit more opportunity for me but I I don't need more time I've been here Over six years I am so so ready for this Thing to go whenever it does go but I'm Happy to be patient so we we'll see what
Happens so that's the way I'm looking You guys tell me what you think but I I Hope most of you are are feeling okay Out there this is a time to be excited Though as far as I'm concerned this is Awesome I've been having like the best Year ever 2024 it's so fun this is Incredible and there have been pullbacks A along the way I mean did you forget About January already remember what Happened after the ETF stuff it was a Selda news event and the market went Down for like whether it was a week or Two whatever it was and then finally it Went back to the upside did I bet most Of you already forgot about that like Yeah when was the last time we thought About that well that's what this moment In time is going to be a couple months Will pass and you like oh yeah there was That time when was that was it February Was it March yeah there was that thing Where it went down a little bit it's Going to look like that that's my guess Anyway 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
