THIS IS IS NOT THE BULL RUN I WAS EXPECTING WHAT HAPPENED?

Good day to you all members of this wonderful community, I am writing this post based on a topic that is quite concerning to me and many of us in the cryptocurrency world, and that is what the fuck happened to the bull run. I believe we are all familiar with the term bull run if yes is your answer well good for you and if on the other hand no is your answer well do well to pay attention as I will be explaining the meaning, Bull run basically refers to a period in the cryptocurrency market that is used to describe constant and continuous increase in prices of cryptocurrency tokens and assets as a result of attracting buyers who continue to buy these tokens until they stop to buy them leading to increase in price of cryptocurrency tokens.

Bull basically happens every four years the last one took place in the year 2020 and it was a very significant period in the history of cryptocurrency in this country Nigeria and next was to take place in the year 2024 with a lot of promises and it was supposed to last a year at least that was my hope however, I never expected to be done so quickly or are you guys not seeing what I'm seeing the fast change and decrease in the price of steem as well as its continued decrease I wonder what must affected and led to about the quickest and shortest bull run I have ever experienced.

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One of the factors that might affect the live span of the bull run or a period of increased trading and buying or selling Institutional Profit taking and market Manipulation what do I mean by this? What I mean is that the bull run can be influenced by first institutional or big time traders who are looking to sell off their holdings, liquidate and take profit by the time pull out their large sum of capital and money from the cryptocurrency market the result will be that prices and value of the coin they sold off in bulk or very large quantity will reduce.

This act of taking profit in the cryptocurrency world and market is normal or at least not unethical but it is just sad that the economics of the cryptocurrency market is designed in such a way that the prices of the cryptocurrency coin is affected and influenced by large quantity of sale however still under this we have something known as market manipulation this too can cause a change in the period of trading in the cryptocurrency market.

Market manipulation can simply be said to be the intentional act or process of manipulating the cryptocurrency market by big time investors for personal gains and profits the effects of artificial, man made or market manipulation is clearly seen in unexpected pumps and dumps that is increase and decrease in the prices of cryptocurrency how does this benefit the trader? Let me explain.

Take for example the current price of a particular coin or cryptocurrency is high if enough amount of that coin is sold at that high price by investor let's N1500 per coin it will lead to a decrease in the price and value of that coin and then the same investor can now go back and but back the coin he sold at N1500 for a reduced or dumped price of 1000 making a profit of 500 per coin this process can be repeated by the investor hence manipulating the market to make profit.

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Another factor dear friends that affects price trend of the cryptocurrency market is basically macroeconomic Pressures and regulatory uncertainties, the issue of regulatory uncertainty was somehow put to bed with the election of Donald Trump as the president of America seeing as he is a lover of cryptocurrency and thus will not be enforcing or easily approving any regulations that will disrupt the operation of cryptocurrency this basically is one of the reasons I had hope in this quarter's bull run but still yet una pour spit for my face 😂.

However on a normal day the issue of regulatory concerns around the world usually causes panic, causes a lot of sell offs of coins and cryptocurrency assets and this could cause a downward movement of prices of cryptocurrency even if it was the year of the scheduled bull run.

Also, governments worldwide are tightening regulations and cracking down on exchanges, limiting their access to crypto related financial products, take for example the recent legal battles involving major crypto firms and the SEC owing basically to their hesitation or refusal to approve certain crypto ETFs this too would have created doubt among investors that is why we say that without clear regulatory guidelines, institutional investors remain hesitant to go all in on the cryptocurrency market, there by cutting short what was potentially supposed to be a soft and stew bull market.