Today My crypto Alert - 12th july ,2024
alert78
Crypto Bull Run and It Historical Timeline.
lhorgic
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2024-03-03 14:42:54
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Hello guys, welcome back to my space. Am super happy to have you here once again. I trust you're getting value still from my publication. Well I've promised myself that I'll always do my best to dish out nothing but value.
So...I've got something for us as usual, of course you already know what we would be considering today, my topic says it all. We want to consider what I call "Bull Run". I would just like to share my thoughts about it coupled with some findings I made on the topic. Let's get into it guys.
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The financial market, crypto market as a case study has two major phases or era. We have the bull and the bear era. These phases has a way of bringing balance and fairness to the market cycle. The bull are those who have so much confidence and are optimistic about the market.
Their activities bring about the rise in the value of asset in the market while the bear on the other hand are pessimist, their activities brings about fall in the value of asset in the market. My focus today is on the bull market, where we would be talking about the term bull run.
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A bull run or trend can be referred to as that period in the market where the value of asset rises steadily and continually for a prolonged period of time. This rise in price can be as a result of demand, volatility or market valuation and most importantly, Bitcoin Halve. A bull run is actually a cycle in the market just like the bear market.
Assets in the market continue to see tremendously rise in value as more investors troop in to invest into the crypto market. At this point, we have more demand than supply, this automatically cause a rise in the price of asset. The positive behavior or mindset of the bulls caused the price to keep increasing.
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Bull run are phases that lingers long in the market, ranging from few months to years as the case may be, so it's not a one off thing, it's something that takes significant time, this is what make it to be referred to as bull run as not a one off thing.
The current market phase is undoubtedly the unfolding of the bull run, we can see the present value of BTC, the mother of all coin. This is definitely gonna usher in the rise of many alt coin and the birthing or many new projects.
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We have the 2011 - 2013 which seem to mark one of the notable bull run in the timeline of the crypto bull market. This bull run occured around the same time it suffer some setback which made it dropped in price. The European recession and the financial challenge experienced in Cyprus brought about a massive adoption of Bitcoin and on the long run, it shifted the price of Bitcoin upward.
Another bull run was recorded between 2015-2017. As at this time, the price of Bitcoin was actually ranging between $200 - $300 in 2015 to be precise. Bitcoin had ready suffer a decline in price and a result of the collapse of Mt. Gox that was successfully hacked and silk road that was shut down by FBI for allegedly operating a black market exchange.
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Later in August 2015, Bitcoin began to gain ground again this lingered till 2017 an by this time, the price of Bitcoin had risen tremendously to $670. The media is to be thanked for projecting this digital currency Inna good light which in turn made many (investors) believe in the coin once again.
September 2020 - November 2021 brought about massive growth in the value of bitcoin. This period captures the era where we had to endure covid19 and it stringent rules by different government. This led to the rise in the use of Cryptocurrency as means of payment in most countries. This actually brought crypto to limelight.
And here we are in 2024, about the witness the next bull run in the history of cryptocurrency. We are already seeing the tell tale sign of this bull run in the market already as Bitcoin had hit the &60k+ mark.
Shortly after then crypto winter surface 2022.
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There you go friends.I would love to wrap it up at this juncture. I want to believe you've gotten so much from this piece. As my usual custom is, I would always encourage that you DYOR to be sure of every financial step you would want to take as I won't be liable for any form of loss encountered by you.
Feel free to share with me your thoughts in the comment section. Thanks for your time once again. Gracias!
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**Disclaimer: This post is made as an education and not investment advice. Digital asset prices are subject to change. All forms of crypto investment have a high risk. I am not a financial advisor, before jumping to any conclusions in this matter please do your own research and consult a financial advisor.**
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Regards
@lhorgic♥️
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