If you're passionate about crypto and follow some specific Twitter accounts (that's where I get a lot of the latest crypto news from) you probably woke up like me with a lot of notifications about a BULLRUN . So what is a BullRun? Apart from that really crazy race in Spain where you run like crazy in front of some bulls? Well, a bullrun is of course related to crypto, because today is crypto-Friday!
In this blog I do not tell you how to get rich or how to lose your money faster than betting. Cryptocurrencies are more complicated, but I try to explain them as best I can so as not to make bad investments. We learn together so that the near future does not take us by surprise.
What is a BullRun?
No matter how it is written, every time we hear about it in the crypto world, our enthusiasm and wallet rises to the sky. In theory… BullRun is the massive increase in the value of a cryptocurrency, generally Bitcoin, in a very short time. A goos exemple is April 1st, Bitcoin started to grow by 6% in just 15 minutes. It went from $ 4,137 to $ 4,901 the next day. It is now at 13,395.70, at the time of writing.
How does a BullRun work?
Automatically, when it grows rapidly, people buy frantically hoping that then "break the norm" to "give a cannon" to get rich instantly. What the tens of thousands of "second-hand investors" do not know is that in such a large market, in number and value, the only element that can cause a massive price increase is the lack of availability. Basic economy. Someone, somewhere, shed tens or hundreds of millions of dollars, they bought to force others to buy.
I'm wodering why? Simple, to withdraw everything they put in over a period of time, with a profit of at least 50%, in this case they have reached 20%. It's just a simple rule of three.
How do you anticipate a BullRun?
If you have even a little experience, you look at the price of alt-coins, those alternative crypto currencies, and correlate them with the Bitcoin variation. If they are the same, everything is ok. If Bitcoin has large fluctuations, more specifically it grows, a BullRun is approaching
If you are passionate about bitcoin, I say to install your telegram and Reddit to keep up to date with the activity. Put on Twitter. If you notice an increase in Bitcoin-related discussions, a BullRun is usually approaching.
Subscribe to Reddit groups. When there is positive news and new memes about Bitcoin, again, they predict a BullRun.
What do you do with a BullRun?
Following is a tip from traders to take with a pinch of salt. Bigger. Depending on how much money you have to trade / lose. If you have Bitcoin, stay on your bottom until you see that it is approaching a 4-5 times increase from the initial price. Now it's gone from 4,000 to about 16,000, if it's enough, be on stage. Then sell 20% of what you have when growth stagnates. It keeps 80% if it grows even more. Then he sells 20% again.
If it grows substantially again, wait for it to stagnate and sell 20% again. It's the only solution I know and can recommend. However, the higher the price, the less likely it is to exceed 10X this time.
So says the theory of a skilled trader or a smart speculator in Romanian. But there is also a much more important category of people for bitcoin. Those who do HODL. I mean, I care about money for years. They are the core and true supporters of the currency, the ones who give it stability.
In the long run, Bitcoin will become a relevant global currency only if it proves resilient over time and that does its best now. Thanks to those who care about money and don't speculate, every bull run is less catastrophic in the end. We all like to win, but we are even more afraid of losing. As the fluctuations, ie the bull-run and then bear-market cycles, become smaller and rarer, the stability we look for in any currency becomes a reality.
