Quote from: ActAshton on August 30, 2018, 11:51:31 AM

ARE WE ENTERING A CRYPTO BULL RUN?!
(Don't sleep on the poll, your opinions matter!)

For the first time in the last few months, people seem to be acting positively about the cryptocurrency market. This is because, in the last couple of days, the market has risen at a surprising rate. On August 27 the global market cap was $215 Billion, on August 29 it is worth $232 Billion. That is nearly an 8% rise. It has lead people to question whether we are experiencing a bull run and how investors should prepare for it. The Financial Times defines a bull run as simply a time when prices rise on a financial market, so by those terms, this could be considered one however, the question now is about whether traders should be treating it as such. It is one thing to say that we are in a bull run, but it is another to change your trading habits to accommodate for one.

BTCitcoin during the bull run

Bitcoin experienced two impressive jumps in price. One at the start of August 28 which brought it from $6,700 to $6,900, and another later in the day taking it from $6,900 to $7,000. This is in stark contrast to how Bitcoin was performing just one week ago.

The nature of Bitcoins rise has also brought other coins up. Ethereum, XRP, Litecoin, and most other cryptocurrencies are seeing the same bullish behavior. The fact that this rise in value is being experienced throughout most coins and tokens is certainly indicative of a bull run.

Not every cryptocurrency is so lucky

Out of the top 100 cryptocurrencies by market cap, there are only a handful of coins and tokens which are performing poorly, most of which are relatively unknown. Of the coins that are well-known, Nano is currently struggling to hold onto its gains from the previous days. WAVES is also stagnating in price (although at noon August 29 it has had a spike) and PIVX is moving negatively. On the note of PIVX, fans of the coin engaged in a debate with fans of its rival: Monero. You can find this debate on the cryptocurrency subreddit. While these coins are not doing their best right now, none of them are declining harshly.

Originally published on https://cryptodisrupt.com

I do not think cows will return to the crypto market, you can see that bitcoin prices are falling very deep and are now bear markets, the prices of bitcoin and altcoin are going down sharply and I believe at the moment This should only be short-term investment and trading day to minimize risk. I believe that with the current situation bitcoin prices may continue to fall sharply until the end of 2018.

weeks65

Posts

Merits