IS THERE A DIFFERENCE BETWEEN A BULL RUN AND A BULL MARKET IN THE CRYPTO SPACE?

in #busy6 years ago (edited)

The crypto space is something that am still not very familiar with especially in regards to the terms used in the space.

I have always thought that the term "bull run and bull market" are the same thing but it is not until recently, to be precise yesterday, that I got to know that there was a difference between them.

From what I understood, a bull run in the crypto space means a period of time when the price of cryptos rises, while a bull market means a period in time when the price of cryptos slowly rises or are expected to rise.

To me, bull run and bull market meaning still sounds similar. Are they similar or are the different? Let me know.

@yaanivapeji

download.jpeg
image source

Sort:  

In my mind, a bull run is a fierce and ceaseless or near-ceaseless upward move of price. A bull market is a general market a situation over a longer time where the market makes higher highs and higher lows. It's a bit vague but my understanding sounds very similar to yours.

Yah, I think we are correct.

Great minds ...

Posted using Partiko Android

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by Apeji Yaaniv from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.

Hello! I find your post valuable for the wafrica community! Thanks for the great post! We encourage and support quality contents and projects from the West African region.
Do you have a suggestion, concern or want to appear as a guest author on WAfrica, join our discord server and discuss with a member of our curation team.
Don't forget to join us every Sunday by 20:30GMT for our Sunday WAFRO party on our discord channel. Thank you.

Hi @yaanivapeji!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 3.362 which ranks you at #7132 across all Steem accounts.
Your rank has improved 1184 places in the last three days (old rank 8316).

In our last Algorithmic Curation Round, consisting of 278 contributions, your post is ranked at #265.

Evaluation of your UA score:
  • You're on the right track, try to gather more followers.
  • Try to show your post to more followers, for example via networking on our discord!
  • Try to work on user engagement: the more people that interact with you via the comments, the higher your UA score!

Feel free to join our @steem-ua Discord server

Coin Marketplace

STEEM 0.33
TRX 0.11
JST 0.035
BTC 67020.94
ETH 3270.13
USDT 1.00
SBD 4.62