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Author Topic: Why is Bitcoin always in a state of BULL RUN  (Read 194 times)
Jimmycrooks
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May 29, 2023, 10:18:54 PM
 #21

During my research about bitcoin,I was acquainted with the paraphrase BULL RUN, which from a wide range of meaning it's a state or period of time when the prices of stock's and shares rise above normal.
Then Reflecting it back on bitcoin I learnt it is when crypto prices increase rapidly and significantly, so when the bitcoin prices increases what happens to the stock market?? Which drive me back to this question that "WHY IS BITCOIN ALWAYS IN A STATE OF BULL RUN"BTC
Bitcoin isn't ALWAYS IN A STATE OF BULL RUN, I don't know where you heard that.

Bitcoin bull run is basically the price of bitcoin increasing exponentially In a particular period of time. Like bitcoin rising from 16k 30k.

The fact that bitcoin can increase almost 1.6 times it's initial price also means that it could fall too.
sheenshane
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May 29, 2023, 10:59:27 PM
 #22

There's no correlation between the stock market and the crypto market, which doesn't directly impact the traditional stock market when Bitcoin price moves upward or it's having a bullrun.

Always in a state of bullrun?
No Bitcoin doesn't move like that but if you'll ask why there's a bull run or if it always often happens just because there will only ever be 21 million Bitcoins in existence, and this limited supply creates a potential for a price increase when demand increases.  Another factor could be Bitcoin's halving events, which reduce the rate at which new Bitcoins are created and potentially Bitcoin price will become a bull run.
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May 30, 2023, 07:25:07 PM
 #23

During my research about bitcoin,I was acquainted with the paraphrase BULL RUN, which from a wide range of meaning it's a state or period of time when the prices of stock's and shares rise above normal.
You got that right Smiley

Then Reflecting it back on bitcoin I learnt it is when crypto prices increase rapidly and significantly, so when the bitcoin prices increases what happens to the stock market?? Which drive me back to this question that "WHY IS BITCOIN ALWAYS IN A STATE OF BULL RUN"BTC
"Always" is an overstatement!

The only reason why you might say "Always" is because everyone wants the piece of the pie that the early adopters  got..so at any given chance we always want to hype the coin so that it can hit an all time high for most to cashout and emulate the first crypto millionaire...but we all know that crypto today isn't as speculative and volatile as it was back then which means we have to wait longer.

Btw from how markets move, we can not have a continuous bull run because markets need to accumulate and expand , which means generate liquidity (fuel) which price can use to go up,  without it price won't get where it needs to be.

R


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israt1@
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May 30, 2023, 10:37:52 PM
 #24

Your idea may not be right. If you have seen the past years, you will understand. Where BTC has gone from where it has reached. Hold on, maybe something better can be expected.

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