Hello, since bitcoin is on the bullish side again, I permit myself to read and research again about crypto (quite busy nowadays because of work and post-graduate study hence time is precious). So far, bounty campaigns and air drops are lively again and I hear my friends getting big rewards recently.
I just want to ask what is the "new" or "hype" thing this time? Last time was the introduction of NFT, what about this time? Or are there any specific reason why Bitcoin is in the bull run right now? Is it because of the halving or the ETF?
Thanks in advance.
There is no doubt that news is what fuels this digital space; it somehow bring the necessary hypes that engineers the inflow of fresh capital into cryptocurrency in general. Unfortunately, most of these hypes comes from shitcoins and projects that dies as fast as the hype fades, leaving people to rue their decision of getting involved in the first place. During bull market like we have now, Bitcoin also enjoys such hypes and those who just want to make quick profits are usually the victims of such hypes as they sometimes buy at the top and are stocked in the retracement with some selling at loss.
As of now, Bitcoin halving is the latest news in the horizon, even when it has not happened yet, the market is already responding positively, signaling that it will cause some unprecedented growth in price. Therefore, I do not think that buying Bitcoin now, which is highly encouraged, is buying into hype because the halving has not happened yet.
