Crypto Bull Run Explained

Even if you’re not a crypto enthusiast, you have most likely heard of a few things in this market. For example, Bitcoin. The world’s largest cryptocurrency by market volume is in the news much more often than gold, especially when talking about the price.

Everyone knowns that crypto is highly volatile, although it’s best to be said that not all cryptocurrencies are in a volatile state price-wise. But, what does it all mean?

Let’s learn a few things about crypto bull runs and see how they affect casino players.

What’s a Bull Run?

A bull run on the crypto market has absolutely nothing to do with actual bulls. By definition, a bull run or a bull’s market occurs when demand is high, customers are buying Bitcoin, demand outweighs supply, and prices are on the rise.

It means that investors are ‘pulling’ the crypto forward like a bull does, and it can go on for a long time as long as public crypto confidence is high.

Bull runs rarely occur, but when they do, Bitcoin usually hits a record price. There’s a slight—albeit not full—bull run at the moment that has caused a massive stir in the price and finally sent Bitcoin flying after a year of no major breaks.

How a Bull Run Works

• When a bull run occurs, investor confidence results in a positive feedback loop.
• As the market responds with more investments, the price continues flying up.
• Conversely, there’s also a bear market which is the exact opposite.
• It’s a time when the price goes down significantly and continues to fall, usually 20% or more.
• A declining bear market typically occurs when economy is slow and unemployment rates are high.
• These conditions can occur due to poor economic policies or a global financial crisis, both of which hurt different commodities and crypto in the process.

Price fluctuations are typical for a bull market. Corrections will be seen along the way, and it’s important to spot the signs of trend reversals so as not to lose your investment.

Bull markets never last forever. Investor confidence will decline at some point, and it’s best to pull your investment out when that happens if you want what’s best for you.

How Does a Bull Run Influence Casino Players?

If you’re playing casino games online with Bitcoin, you’re hoping for a bull run. Bitcoin gives players full anonymity when playing casino games online.

On top of that, you have instant deposits and withdrawals, something not even the best digital payment methods can promise. In short, a bull run may result in a better investment and more cryptocurrency to play with.

For example, if you bought Bitcoin at $30,000 and a bull run takes it to $50,000 or any price over $30K, you’re essentially getting more crypto to play with. It’ll help you to stay in the game for much longer with a smaller investment at the point of buying. That’s why it’s important to pay attention to the market and see when to invest.

Ideally, you should buy low and sell high. Of course, there’s no guideline for it, so you should pay attention to all the news to get the best out of your investment. Cryptocurrencies are not any other commodity. They are influenced by different factors so you should hear analysts and experts if you want the best out of your money.

This may be the right time to invest with a lot of talk about a coming Bitcoin bull run. Until that happens, you’re free to weigh your options.