Post
Topic
Board Speculation
Re: Bull or Bear season for crypto?
by
alphaboon
on 14/10/2019, 04:49:10 UTC
Exactly!  We should not use the conventional approach on how we monitor forex and shares.   Crypto is an entire different, extremely new set of asset class.

The crypto market for a period seemed to be on a bear market,and for some reason much later prices started increasing again.What can be said about the market at this period,are we on a bull or bear?
I don't think we should call it Bull or Bear, because the market is in the process of adjusting prices. Bitcoin increased rapidly in Q2 when it increased from $ 3000 to $ 12000. Having long-term growth causes the Bitcoin price to quadruple in half a year, which makes things move so fast, so price adjustments appear. Price adjustments help the whole market return to its original trajectory.