Glossary
What is a bull market?
In one sentence
A bull market is a sustained period of rising prices and optimism — historically also when the most money is lost by newcomers.
A bull market describes an extended rise in prices accompanied by broad optimism. In crypto these have historically been dramatic, with major assets rising many multiples over months.
It is worth understanding the pattern rather than just the definition. Bull markets attract the most new participants precisely when prices are highest and risk is greatest. Coverage turns positive, friends mention gains, and projects with no product raise large sums easily. The people who enter at the peak of enthusiasm are the ones holding when it turns.
Rising prices also make poor judgement look like skill. Nearly everything goes up, so almost any selection appears to work, which encourages larger positions and more risk exactly before conditions change.
For example
The best time to decide how you will behave in a downturn is during a bull market, not during the fall.