I am pretty sure that you came across these words such as bullish and bearish markets in this crypto world. But what exactly these two words indicate, when it comes to the cryptocurrencies market, so in this article we will find out it ?
Origin of these words
Actually the origin of these words are not clear, but these names are come from the behaviour and attacking style of the bear and bull. A bear swipe it's paws downwards and get ready to attack and A bull attacks it's enemy by pushing upwards with its horn.
Bull Market
A market in which the price are rising is termed as the bull market, it is characterized by growing trend, strong demand and weak supply. These is no specific metric to find out whether it is a bullish market or not.
Bear Market
Bearish markets means the opposite of the bullish market. In bearish market prices are falling down, encourage selling, the demand is significantly lower than supply, this causes the price go down.
In this bear market all the Investors are leaving the market by selling their finds to avoid losing money. The traders will come back to the market once the bear market is over to buy at dips.
What to do in Bullish and Bearish Market ?
The best way to take advantage of the bullish market is choosing the long strategy, buying the crypto at the initial stage, when the price is at low, and wait until it reaches the peaks where you need to sell it for having good returns. In order to get good returns you need patience and understanding of crypto market.
During the bearish market, you have a great chance to losing your funds, because your cryptocurrencies assets are losing their value. If you invest in this bear market, you will definitely see the loss.
This is a short introduction of the bullish and bearish markets in the crypto space. Want to track the real-time prices of the all the cryptocurrencies at one place CoinforGeeks
