Understanding what is Bull market; Cryptocurrency for Newbies
I stopped my post where I was educating newbies especially on basic terms that we will come across when it comes, deals and relates to the cryptocurrency ecosystem. I felt it will be cool if I give us another thing to have a taste of that is why I pend discussing about that for some time now. We all knows that when it comes to the cryptocurrency ecosystem they are so many things for we all to have a taste of i.e they are so many things that we can educate ourselves about. As a blogger I felt it will be good if we can have a taste of different topic in the cryptocurrency ecosystem, that is the simplest reason why I have decided to blog about another aspect of cryptocurrency for some days now. I won't lie to you, I am really happy seeing that I am gradually back to blogging about the cryptocurrency for newbies trend. I really missed this aspect frankly speaking. I am happy seeing that I am able to render or educate people about the cryptocurrency ecosystem. Even though it is few people that came across this and were able to get their life impacted with this post, I must admit that I am really happy that at least I am able to impact the cryptocurrency ecosystem with the little opportunity and knowledge that t have. If we all continue to do this we will end up impacting the cryptocurrency ecosystem positively. There is this popular saying that states that no matter what, there is no knowledge that is lost, irrespective of your maturity in the cryptocurrency ecosystem you should not said that you knows it all when it comes to the cryptocurrency ecosystem, be open minded and be ready to learn more.
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As per this newbie stuff, I have blogged about blockchain, cryptocurrency, bear market and this post is meant for bull run. If you are smart enough and knows what and how the cryptocurrency is operating up till this extent you will have understood that since we already knows about bear market, the bull market should be the opposite aspect of it. Just like what I said with the bear post, I talk about how the cryptocurrency ecosystem won't be possible without bear market and bull market in place. They both are what is making the cryptocurrency ecosystem interesting and amazing. We all knows that the cryptocurrency ecosystem is all about buying and selling, since that is in place, we all should knows that bear and bull market should be a vital one to the cryptocurrency ecosystem and the blockchain at large.
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As for your information, I said on my last post that the bear market means that they are excessive sell in the cryptocurrency ecosystem while the bull market is the opposite of it. It means that they are more buy in the cryptocurrency market than sell. What I am trying to say is that they are more demand than supply. Since they are more demand for something than supply, it means that they will be rise in the cost of that product. If you are selling Pizza, you have 500 pieces and you discover that after selling it, they are many people still demanding for it, what this means is that they are more people that love the pizza. Now if you manage to get it and you decided to sells it, you might decided to add to it price, this is simply because the demand for pizza is high and that will cause stress in trying to supply, all these are the factors that will impact the pizza and lead to increase in price of pizza.
We all should knows that prices of things don't just increases in prices, it always increases due to demand at high cost. I believed I have explained this to the best of my knowledge. It is easy to understand. What this post as a newbie, once there is drop in your cryptocurrency holdings for a long period of time, you should knows that we are in bear run and if there is rise in your cryptocurrency holdings for a long period of time, it means that there is bull run. You can see how interesting the cryptocurrency ecosystem is already, they are so many things to educate ourselves about, it will be wise if you are part of the cryptocurrency ecosystem now that the opportunity is still there. This is for those who are sitting on the fence.
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I will end the post here, have a nice day.