My Bull run of the Week: BITCOIN
Bitcoin is my bull run for this week.
Bull coin or run refers to a period or a season in the crypto market where more investors buy, which demand outweighs supply and market confidence is high with an increase prices. This signify that anytime you see prices trending upwards in a given market shows a bullish market where investors believe that prices will rise over time.
Bitcoin is a virtual or digital cryptocurrency developed in the year 2009 in a network form which is free from any central control and its operations are done through peer-to-peer network and cryptography. It is free to join and public ledger. Bitcoin miners uses computing power in making transactions through distributed network.
How to use bitcoin
To use bitcoin is very simple, it is free in making transactions no fees is charge. You can use it to pay your doubt, buy things online like pizza and others. You can also buy bitcoin using your real money online and also you can make transactions of bitcoin through computers or mobile apps. One can also store or save his or her coin in a digital wallet in a form of bank account and retrieve it anytime he or she needs it.
Why bitcoin will pump this week
It is noticed that Bitcoin has gone over $68000 on the 10 November this year which is the first time bitcoin has rised to this far and at the end of the month it dropped back to $54000, while after starting the year it was $30000 in January, which shows huge increase in bitcoin price for this year. This huge increase shows that Bitcoin will increase over $100,000. This is why i choosed bitcoin as my bull coin or run for this week.