Bull

The term "bull" or "bullish" can refer to:

  • Bulls are traders that use the strategy of purchasing an asset low and selling it high, with the belief that the asset's price would continuously climb over time. The word most likely alludes to how a bull charges with its horns pointing skyward.

    Bulls are optimists who believe that the underlying features of their selected asset(s) or the general market circumstances will lead to a consistent increase in price over the long run. As a result, they "go long," which means they acquire assets at cheap prices and wait for their value to rise before selling them.

    Bears, on the other hand, utilize the tactic of "shorting" an asset based on the assumption of a price fall.
  • The phrase "bull market" refers to a market in which the price of assets rises continuously over time.

    Asset values in any market might fluctuate numerous times each day due to the activity of day traders. However, if most assets demonstrate an aggregate upward tendency over a lengthy period, the market can be classified as bullish.

    Since its inception in January 2009, the bitcoin market has exhibited a strong positive dynamic. Bitcoin (BTC), the first and largest cryptocurrency, has risen from $0.003 per coin in March 2010 to almost $15,000 in November 2020, despite several – and sometimes enormous – drops along the way.

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