New Data Shows A Majority Of Bitcoin Investors Never Experienced A “Bear To Bull” Market Rally
Most Crypto Investors Have Never Experienced A “Bear To Bull” Market Transition: Report
- Since the start of 2019, Bitcoin’s value has surged by over 100%.
- During the bull market of 2017, Bitcoin (as well as many other premier altcoins) scaled up to their all time high values.
Majority Of Digital Asset Investors Haven't Gone Through A Bull And Bear Market
Even though Bitcoin is just a decade old, the premier digital currency has already gone through a number of market cycles that have seen the price of the alt-coin go up to around the $20k mark as well as stoop to a price point of around $3k (last year).
In this regard, it is worth pointing out that despite so many investors entering the altcoin sector in 2017, it is quite surprising to see that a lot of these individuals are yet to experience the early onset of a bull market.
We can see that after incurring gains of over 100% over a two month period recently, investors are still quite vary of Bitcoin’s future potential — primarily because they are not quite sure as to what they can expect from the market at large.
Additionally, according to a new poll issued by Binance recently, around 60% of all crypto investors entered the market during the second half of 2017 — a time when the alt-asset industry was booming and most crypto-coins were scaling up to their ATH values.
Many Investors Still Relatively New To Crypto
The remaining 40% of the folks got their cryptos over the past couple of years.
When did you buy your first #Cryptocurrency? (Be honest 😆)
— Binance (@binance) June 9, 2019
From a technical standpoint, we can extrapolate the above given data and see that just over 20% of the respondents have “ever bore witness to a bear market cycling into a bull market”. This could also be the reason as to why so many crypto enthusiasts are cautious of the market at large.
The remaining 80% of crypto investors entered the market during the second half of the last bull run — as a result of which, they could not experience the market during its prime.
Despite Bitcoin being a relatively young financial commodity, the flagship digital currency has already been able to generate an immense amount of financial interest from investors (situated all across the globe). It now remains to be seen what the future has in store for the premier altcoin.