You might be surprised why I said bull run is not for everyone, calm down let me explain.
Let me start with myself because they say charity begins at home but funny enough it has nothing to do with bull run but at the same time there's a little connection.
Still be calming down.
The first time I had the word crypto bull run I was like there's no bull in crypto and besides why is the bull running and where is it running to I didn't understand what crypto bull run was all about, little did I know that is connected with cryptocurrency investment.
what is crypto bull run?
Not a literal bull running but a period when there is increase of price of assets, tokens coins and real estate and this is a period of time when crypto expert make some cool money, mind you I said crypto expert not crypto novice like me that doesn't know much about cryptocurrency.
Some facts about crypto bull run.
The more investors confidence rises the more they invest and the more they attract more investors which pushes price of asset to grow up.
There is still a season known as bear season when price are not friendly at all and that is why it is very important to get some basic knowledge before starting crypto journey.
Increase of crypto price during bull run can just happen in a short period of time also the positive market sentiment
is the major factor behind the bull running [LoL) and the perfect regulatory development and advance technology are also factors of bull run.
Bull run doesn't have a specific time,it can happen for weeks or days and it can also happen for years so thats why it requires deep knowledge before joining the crypto journey.
Researches has proven that not all crypto gain much during bull run which Bitcoin is among but majority of Altcion (Alternative coins) get substantial increase in price.
This year is a bull run year and we can see its all over crypto media, and this is a motivator to investors because they never will want to miss this period.
Funny enough me too wouldn't want to miss it but unfortunately am still a learner so that means i will miss it.
There is what is known as market correction where prices of assets might go down a bit due to profit -taking and this circle helps to sustain price level.
Through out history of cryptocurrency there have always been bull run that are sooo obvious like that of the year 2017 when Bitcoin almost got to 20$ .
As the bull is running there is also every tendency that someone can lose because if what is known as market volatility where price might decline when not expected and that means losing money.
Definitely you will agree with me that bull run is not for crypto novice rather for experts because they know how to navigate and make informed decisions while investing.
Tips to becoming a crypto expert.
This is not an advice from an expert but its beneficial.
All crypto experts were once a cryptocurrency novice they were not born experts and it took them some measurable amount of time to become an expert and even as technology keeps on advancing they continue advancing in their knowledge as they learning everyday.
Develop the skill of deep analysis.
First step is taking time to build your mental state to the point that you can think critically, crypto expert have this long-term perceptive whenever they are analyzing any crypto project and this help them to make good decision on how to invest.
Critical thinking helps them to see not just a prophet but also to find out the motive behind any crypto project that is why you hardly see a crypto expert fall into some crypto scam that happens during bull run.
Evaluation on cryptocurrency is vital by getting to know factors that involves security decentralization consensus mechanism and scalability, a crypto expert makes deep research on any project they get to know the project team the community involved as well as motive of the project.
Before becoming a crypto expert is also very important to know how to minimize risk which includes market volatility some security breaches, regulatory changes and some other uncertainties that comes with investment.
Self education on the basics.
When will personally educate yourself it makes crypto journey more easier for you because during your personal study you will be able to build a very solid understanding on blockchain technology and other things about cryptocurrency
Remember never stop learning
It is also vital to always join and engage in crypto communities on social media and other verified online community, make sure you are following one on crypto news blogs and podcasts, always make yourself available to join crypto space held by expert to gain basic knowledge because those are the important steps that helps you to understand the legal implication that comes from trading cryptocurrency as well as buying and selling cryptocurrency.
Before becoming an expert is very important to learn some fundamental and technical analysis of crypto trading and is also important to educate oneself on how to protect your assets which involve protecting your keys, get to know what those keys are and how to avoid pishing scam, then it will be easier to protect your assets.
Conclusion
Yes the world is moving so fast and crypto transaction is just the best so far due to its decentralization transparency and security and is not out of reach to become a crypto expert and maybe make some profit in the next bull run just try to learn stay updated explore and experiment different crypto wallet and exchange and also be security conscious, you can become a crypto expert 😀 😉
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