August 15, 2022

Learn how to Cease Hair Fall Utilizing Ayurvedic Hair Masks

Whether the numbers are bullish, bearish or neutral, there is an evident sign that this...

Whether the numbers are bullish, bearish or neutral, there is an evident sign that this industry is growing at a rapid rate. Several financial experts that FoxExchange has consulted believe that the investors are not just getting ready to enter the new Bull Run but they are ready to support more than three hundred cryptocurrency platforms and it is just a matter of time before they start investing money into new coins before the general stock market downturn.

Fox Exchange believes that the first Bitcoin Bull Run occurred in 2011 while the second one occurred in 2017. Consequently, we believe and recommend you invest in these cryptocurrencies market since many financial pundits will tell you that it is only a matter of time until this cryptocurrency bear market ends for good and this bull run begins until 2023!

What is a Bitcoin Bull Market Anyways?

Bull markets are usually created when speculation forces prices to rise due to economic scarcity. Some speculate that this unique time period of mania is actually a prolonged bear market but there’s no argument against the consistent rise in its price.

Regardless of what it is called, the hype around cryptocurrencies shows no signs of slowing down and it’s only a matter of time before we see new highs reach yet again

The demand for Bitcoin is spiking because people believe that Bitcoin will replace fiat money as the world’s first digital currency. It gets exchanged by individuals through bots like Bitcoin Prime rather than banks or governments and manu crypto-to-crypto exchanges offer lower fees and are more secure transactions.

Succinctly, a Bull market is a sustained increase in an investor’s appetite for stocks. If Bitcoin reaches the prices of stocks, it will be considered one of these and can be a sign that Bitcoin reached its plateau.

What is a General Price Increase?

“A price rise typically involves some form of speculative activity.” Bitcoin investors are speculating on things through trading, by also buying more Bitcoins.

What are the Indicators of a Third Bitcoin Bull Market?

Bitcoin prices have been on a tear lately, and there is speculation that the third bitcoin bull market has begun. Here are some indicators that might support this claim:

1. Increased institutional investment:

Institutional investors are starting to take an interest in bitcoin and other cryptocurrencies. In January, the Chicago Board Options Exchange (CBOE) started offering futures contracts for bitcoin. This opens up the possibility for institutional investors to get involved in the cryptocurrency market.

2. Increased merchant adoption:

An increase in merchant adoption, which is seen as a growing utility and security of the token, may be one of the primary drivers behind another bitcoin bull market.

More merchants are starting to accept bitcoin to offer their customers thousands more ways to spend their bitcoin. There are 2.2 million daily bitcoin transactions around the world which is said stays 10 minutes way from adding 100% in value because there are only 21 million bitcoins that will ever be created. Overstock.com was one of the first major retailers to start accepting bitcoin though.

3. Rising global awareness and adoption:

Bitcoin has been part of the public eye for many years now. However, it would be narrow to restrict bitcoin attention to adults. In 2017, bitcoin usage is increasing massively on the coattails of cryptocurrency acceptance and second with children taking their first steps into an understanding of current world events.

In terms of awareness and adoption bitcoin is rounding a third bull market.

Raising the global awareness doesn’t mean there will be an increase in the usage though. 12-year-old children that are familiar with at least one cryptocurrency are aware enough with the concept without actually touching any currency themselves yet. Even among adults where knowledge has risen up 9% this year, 17% were previously aware but were now completely comfortable using bitcoins or other altcoins as a form of payment due to exposure to its adoption.

4. Positive developments in blockchain technology

The distributed ledger technology that is blockchain is still in its early days and is currently being used for various applications. The technology has been embraced by the financial sector, with a number of banks and other financial institutions looking to use it for payments, clearing and settlements.

There are several positive developments in the blockchain space that are indicative of its potential. These include the launch of the Enterprise Ethereum Alliance and the Hyperledger Project by IBM and Linux Foundation. These are both initiatives that are aimed at developing blockchain technology for enterprise applications.

How can Investors Prepare for the Next Bitcoin Bull Market?

The cryptocurrency ecosystem has grown significantly since bitcoin’s inception and as a result, the global economy is slowly beginning to take notice.

Top of the line economists are now weighing in on what needs to happen for bitcoin to become more stable in the future. Bitcoin bull markets happen at least once every 14 months. In the history of Bitcoin, every bull market lasted more than 3 months and exceeded 1,166 percent growth. There are some things that investors can do to get prepared for when Bitcoin’s purchasing power again increases over 1000% and finally becomes mainstream.

Contrary to the vast majority of investment options on the market – stocks, mutual funds, gold and other assets – Bitcoins had an average rate of return in 2017 surpassing 36%, with a projected increase to 51% in 2018.

In order to prepare for the next bull market, investors need to begin by taking a systematic approach that can help them increase their odds of success in this very new and volatile market.

Doing so would allow them to really understand what needs to happen for bitcoin prices to rise again.

Additionally, it would allow them to make better-informed decisions about which cryptocurrencies they want invest in too.

Conclusion:

Bitcoin is experiencing some turbulence, but that may be nothing more than a bump in the road on the way to another bull market. Investors seem to be preparing for the next surge, and when it happens, the market could see significant gains. Stay tuned to find out whether this is the beginning of a new bull market – or just another false alarm.

See also  5 cheap methods to enhance your industrial area