A Potential Bull Run Sequel
Do you think the bear market is about to come to an end? Well, it’s been a great crypto year but I don’t know when we are going to see the next Bull run, but I know we are not at the bottom yet. I am expecting more downtrends but I am certain that the Bull Run will come but don’t know when. We just have to be patient, while we are here waiting for the Bull run, let’s try and imagine just how the next Bull run will be, like reminiscing.
The last Bull run, there were lots of rug pulls, people were losing their money investing in projects that were pumping. The feeling of fomo was pumping into people’s heads, everyone wanted to make quick bucks because there was a lot of money flowing into the crypto space. I remember one time a project left a note on the site saying something like “you have all been scammed”, then rug pulled the token and the whole project went down the drain. That was epic because I felt so sad for the investors, this project looked extremely legit before the rug pull. While real developers are working very hard to create great project in the bear market, the scammers and the potential rug pullers are working harder to learn how to convince investors into investing on their platforms, pose like they are really here to make a change and also plan their exit strategy.
The Bull run will have lots of different categories of people. We are going to have the current holders, who have been holding and buying tokens during the bear season, because they want to sell off in the Bull run and make profit. These people are probably going to enjoy abundantly because, they were patient. Then, the next one we are going to be seeing are influencers, yeah!! There will be lots of them shilling lots of tokens to you, especially people who have no knowledge about crypto, but because they have gotten paid by the devs to shill the project, or they invested in the project and want to use their influence to pump and dump the token, they will create lots of videos to convince about a project and how it’s the next big thing. It’s a normal thing, watch out for YouTube and TikTok as they will be a lot of them, this is like a Bull run norm for them. Lastly, we are going to be seeing a lot of retail investors who only wait to invest in the crypto space during the Bull run, coming with their liquidity to make money off the market.
This was how the last bill market felt like to me, can’t wait to see what the next Bull market has for us.
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Great post and congrats on getting a decentralized curation vote this past week, keep this kind of posts coming.
Today at 10am EDT @khaleelkazi is hosting the founders of Hero Continent and Avaxtars for our first LeoFinance Roundtable between Dapp founders from different blockchains, we'd love it if you join us on the Leo discord server.
There will be a section of Q&A at the end and we are giving away 500 Leo Tokens to those who tune in!
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Thanks a lot
I dont know when it will start but when you hear your father saying again: "Should I buy some Bitcoin now?" Then you know that the bullrun is ending and you should sell.
Nice sign, will consider that.
It feels good to look over the current market and be able to imagine that is to be.
Correct me if I'm wrong, I don't think it's a 'patience' thing when people sell off. Sometimes life happens and you just need to use what you have to take care of some really serious life stuffs.
A friend sold off a good portion of his portfolio to take care of family's security.
One other friend had to use his cryto holding to save his long coming house project from sinking.
Another is, a soloprenuer is unstaking just to make ends meet in this crypto bear/ economic recession period.
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