What is a Crypto Bull Run and Why are they Important?

Bitcoin and other cryptocurrencies have grown exponentially in their total value and the number of people using them every day over the past few years for a number of powerful reasons, with one of them being the continued growth of cryptocurrencies in price over time.

This is a process where every four years the supply of Bitcoin is cut in half and as a result of the increasing scarcity there are four yearly periods of huge price growth known as crypto bull runs.

In this guide, we are taking a look at what a crypto bull run actually is and why they’re important, starting with the look at answering these two questions and then moving on to break down a couple of trading platforms that are particularly good to use during a crypto bull run.

What is a Crypto Bull Run?

Crypto bull runs take place when traders and investors collaborate or coordinate to push the price of a coin up in value within a short period of time which occurs more often now than ever before, these bull runs can swiftly cause prices to rise, even within a few hours, and can be rather profitable for traders.

Increasing profits and returns is the goal of investors in all trading markets but especially crypto markets as their volatility and widespread popularity have resulted in dramatic portfolio gains for traders across the states and around the world and bull runs are great for those seeking easy-made gains and profits.

Crypto bull runs are known as bull markets as well and can be profitable for long-term holders as well as these are moments when prices are rising over an extended period of time too which makes them great for traders and investors with either short-term or long-sighted goals of earning gains from this market.

Optimism from buyers in the market and the opinions of traders shared in forums/communities across the net greatly influence when crypto bull runs take place as the more a coin or given asset is discussed and positively speculated the more traders it attracts to result in steady and consistent price increases.

Why are Crypto Bull Runs Important?

Crypto bull runs are essential to market health and investor portfolios as they not only signify that users believe a certain coin will rise in value but in the process allows those in this market to reap profits and gains from the increase in price while enabling some to trade them for gains even once they fall in price.

Cryptos are traded in fast-paced markets that never sleep and with billions in daily trading volumes are, according to popular opinion, the most favored of all asset types among modern-day traders/investors and aside from the many crypto-trading strategies that exist, bull runs are important to consider as well.

Bull runs are moments in market time where prices quickly rise and sustain over an extended period of time which makes them important to the market as a whole but especially to traders and investors that can leverage them for profits, and with more entering the market, is a great time to profit from them.

Cryptocurrency is an attractive asset to both current and prospective holders and given the prevalence of bull runs that started in crypto markets four years ago (2017/2018) they are great investments for all traders wanting to reap gains and profits while holding assets not impacted by economical inflation too.

Best Crypto Platforms to Use During a Bull Run:

PrimeXBT

PrimeXBT is one of the largest cryptocurrency trading platforms in the world and is the fastest growing cryptocurrency trading platform on the market over the past few years as it has grown from launching in early 2018 to today managing up to $7 billion of global trade every day.

PrimeXBT is particularly well-suited for use during a bull run because of a number of factors that include the diverse range of assets that are available for trading and investing on the platform, the high security of the platform ensuring that traders and investors can focus on the bull run and not the safety of the assets, and the powerful tools and professional engineering of PrimeXBT’s platform itself.

While many trading platforms in the cryptocurrency space experience glitches and other technical issues during periods of high trade volume during bull runs, PrimeXBT has been engineered with a powerful trading engine at its core that can execute up to 12,000 trades per second with an average trade time of less than 7.02 ms, with this ensuring that trade is can always achieve the optimal exit and entry points during a bull run.

PrimeXBT is also renowned for being a secure and safe crypto trading platform and implements a range of bank-grade security measures that include cold storage of digital assets with multi-signature technology and hardware security modules with rating of FIPS PUB 140–2 Level 3 or higher.

Coinbase

Unifying traders around the globe on a platform that is just a secure as it is feature-impressive is the trading platform that launched nearly a decade ago, this exchange operates as Coinbase and is a name that since launching in 2012 has become synonymous in crypto-trading communities across the internet.

Coinbase is a crypto-trading platform known for its easy buying process and intuitive interface that was made to make trading and navigating the site a seamless process and with industry-leading security and support combined with high market liquidity enables users to invest with confidence and peace of mind.

Accommodating the trading needs for users of all experience levels and requirements they also offer an alternative platform known as Coinbase Pro which since launching in 2018 has become the safe-haven trading environment for those wanting access to advanced crypto-trading tools and financial products.

Multiple supported funding sources combined with over fifty tradable coins means users can create an account and trade within moments and an expansive suite of trading tools enables profits to be earned from markets going any direction, making it a great exchange for all traders, no matter their experience.

In Conclusion

Not only are crypto bull runs the periods of time in the cryptocurrency market with the highest potential for profit generation, but across all asset classes in the financial world they are unparalleled for their ability to allow traders and investors to generate high profits.

One of the most important decisions that traders will make during a crypto bull is which platform to use in order to be able to maximize the potential for successful outcomes and to minimize risk while interacting with the cryptocurrency market.

To learn more about the two platforms that we would recommend for usage during a crypto bull run, check out PrimeXBT and Coinbase.