Knowing the difference between bear market and the bull market in cryptocurrencysteemCreated with Sketch.

in Project HOPE2 years ago

We all knows that when it comes to cryptocurrency the things to learn are countless and endless. I have said it time without numbers that there is something that I have grown to love about cryptocurrency. The ability for the learning curve in the cryptocurrency ecosystem to be endless is something to be proud and happy about. If you are in a system where you are not motivated to learn or you are not learning anything daily you should have a rethink because it all shows that such system might not last the test of time. If you are observant enough you will noticed that we have a long way to go in the cryptocurrency ecosystem and just like what I said above, that is simply one of the best thing that has happened to cryptocurrency also.

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When it comes to cryptocurrency they are certain things that you are required to know and learn. You can't say you are in the cryptocurrency ecosystem and the necessary things that is needed to be known by you, you don't know them. A day will come when you might be required to discussed on some certain topics that might looks simple to everybody that are into the cryptocurrency ecosystem but base on the fact that you have been in the cryptocurrency ecosystem for so long people might thinks that you knows it all, but at the tail end they might be disappointed by your contribution.

We all should be conversant with the bull and the bear season by now. The bull and the bear words has stand out as one of the words that is commonly used when you are talking or referring to cryptocurrency. This is holding to the fact that we all knows that the bull and bear season has a lot of things in common as they have contributed massively to everyone's journey in the cryptocurrency ecosystem. This is the more reason why I said it is very difficult for you to know about cryptocurrency without knowing about what bull and bear season means. For the purpose of this post I will be discussing about what the bull and bear season in cryptocurrency ecosystem means.

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Bear Market

If you are into cryptocurrency by now you should be conversant with what the bear market brings, people don't love to hear the word bear but there is every tendency that there is nothing we can do without it. The bear market is part of cryptocurrency ecosystem and just like what I said above, there is nothing we can do without it. To cut the long story short bear market is simply the process where prices of cryptocurrency holdings are falling. This is holding to the fact that they are excessive selling as at that time frame. So many things can lead to bear market, so we can not really determine what really causes bear market at times but nonetheless the bear market is simply part of cryptocurrency and there is nothing we can do about that.

Bull Run/ Market

The bull run is simply the opposite of the bear market. In the bull run there is large inflow of money into the cryptocurrency ecosystem. During this time frame in the cryptocurrency ecosystem there is less sell in the cryptocurrency market. A lot of person love the bull run when being compared to the bear season, this is holding to the fact that people love launching their project during the bull run. People prefers to build during the bear market than bull market. With various project launching during the bull market they are lots of money to be made in such season. The cool thing about the cryptocurrency bull season is that you can be rewarded through retroactive airdrop. This is why I said that you can make money during the bear market through different means.

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Now that we have known the difference between the bear and the bull market it is now left for us to knows the perfect things to do during those market. You should be investing during the bear market and selling during the bull market. But many are unable to do this as it is holding to so many reasons. I will explain more better on my next post but for the now, remain blessed.

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A very important post and especially for newbie. Many people eactly don't know what is bull and what is bear and this is very important aspect and in fact it is a root.

Thanks for the comment