There are lots of terms being used in the crypto space which may actually get you confused as a newbie, I remember when I first found my way into the system, I will always ask myself what are these guys talking about.
Sometimes, you will hear terms like bull run, moon, bullish, bear market, and many more. I could still remember when I first heard the phrase "when are we going to Lambo" and I was like does this stand for again.
Lambo is just a way of shortening Lamborghini and except we just want to lie to ourselves, it is the dream of everyone to have one in his/her possession because it represents a great status in our world today.
So how did the word became a reference point to all crypto enthusiasts and traders out there? Whenever a conversation is going on between two people in the Crypto space, you will always hear them asking each other when they are going to Lambo.
Lamborghini in the Crypto space simply means new money, like when you make it to the top and you just want everyone to see your status has finally changed. One major reason people are finding their way into the cryptocurrency is the way bitcoin and other Altcoin keep on increasing.
It was recorded that someone dated back to 2014 bought a Lamborghini with 216.8433 bitcoin which was around $209,995 as at that period from a dealer in Newport Beach, California. Since then, every crypto enthusiast sees it as a great landmark in the crypto space.
I hope newbies will find this useful and interesting.