I have been wondering since I join bitcoin and ethereum trading. Is there a regulatory body for bitcoin price? If there is none, what are the factor responsible for both the bull run and the bear market.
After over a year of lurking in the crypto world, you should understand by now what should be the closest answer to your concern, especially those factors why bitcoin price is increasing and decreasing.
How can you say these things if you don't have quite a knowledge about the factors responsible for bull and bear run or overall, the market situation.
I think the fall of demand and supply will definitely set in. And I even think that is what is done price is pumped. The investors buy the low price order and that leads to demand pull inflation which brings up the price.
Everyone that joined cryptocurrency community in the past two three years must have learnt that earning or making profits from cryptocurrency doesn't at all depend on the duration of hodling. It is a matter of Know the bear and the bull run and selling and buying at the appropriate time.
Just like you have stated your interest in investing in Bitcoin. But investing in altcoins token might be a mistake or loss of fund. Invest in Bitcoin and ethereum now that the price is cheaper to be able to make something reasonable in the time of the next bull run.