LeoGlossary: Lambo

6 mo
LeoFinance
1 Min Read
129 words

This is short for Lamborghini.

It is the idea that one is going to enjoy massive gains in the market. The attitude becomes prevalent during the euphoria that is common in bull markets. People think whatever asset they are holding is going to moon, providing them with enormous returns.

The idea is one will have so much money that the price tag on an super expensive automobile is not a deterrent.

Early Bitcoin HODLers enjoyed the "Lambo lifestyle" as their coins appreciated greatly since the early days.

Cryptocurrency is full of people talking about Bitcoin and altcoins that will end up being worth great sums.

This quiets down during the bear markets only to return when the bull gets running again.

Posted Using LeoFinance Beta