Some days ago, the entire cryptocurrency industry witnessed a massive pump of the Bitcoin and some other coins followed suit, even our ‘native coin' #hive experienced about a 25% rise within the week. It was an interesting time. Bitcoin however rose beyond $90k marking another ATH. Many factors gave rise to this, but the most pronounced was the outcome of the United States presidential election which Donald Trump won. It was in known that Donald Trump winning the election would have a considerable effect on the price of cryptocurrencies, this is because Trump has been in massive support of cryptocurrency and I believed that the entire actors in the industry were in support of his reelection and the outcome was something to write home about.
A few days ago, I was reflecting on the past week of the rise of Bitcoin and I began to wonder, what if this year's bull run was over? I might be wrong anyway since I have never participated in any bull run season hence I might not have full information on how it has been operating. Notwithstanding, from what I have read so far from previous bull runs, there has been differentiation in its modus operandi. If that has been the case, then there is every tendency that this year's bullrun might be over, hence putting some people in shock and surprise. The truth will always remain that the cryptocurrency market is full of surprises. No one can get a linear line of action thereby, giving an exact prediction of the outcome of the market. What a lot of people do is that they look at the previous results and make a future prediction which oftentimes the market may not present itself as it was and most times, the market will present itself outside what has been happening, thereby putting everyone in surprise.
Paraventure, the bull run is over, what is your biggest win? What is your regret? Those were the questions that bothered my mind and I believe that a lot of crypto enthusiasts will ask the same questions. However, I do not think that the bull run took anyone unawares, if it did then the person should have himself to blame. Everything boils down to preparation and strategically putting yourself for surprises. That's what the cryptocurrency market is all about. If the bull run happens to be over, I think a lot of people will miss out because of unpreparedness. As a result of FOMO, a friend of mind having seen Bitcoin’s ATH decided to buy some coins and also convert some of his stable coins, with the hope that Bitcoin might hit $100k which is possible.
Even with the rise of Bitcoin, some coins have refused to follow suit hence, giving some hope to some people that the bull run might not yet happen hence what is happening in the market is the reaction to Trump's reelection. Whatever the case, in a season just like this, one should position oneself for anything that happens in the market.
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