HIstorically, crypto markets have gone down 1 out of 4 years. Unfortunately, the downswings are severe and abrupt. However, they have proven to be excellent times to accumulate.

It's commonly said that past performance doesn't always predict future performance. II's also commonly said that history doesn't repeat, but often rhymes. So you can interpret the data either way.

The way I see it is that each bull market brings in a new group of investors who anchor the Bitcoin price from when they got in. For example, when I first invested in Bitcoin, it was $8,000. This is my anchor price. Meanwhile, someone getting in today may have a $16,000-$20,000 anchor price.

As long as people's anchor price keeps lifting, the perceived value in Bitcoin will continue increasing. In each market, some holders will sell because Bitcoin has moved so much higher than the anchor price, they feel it must retrace.

And it does retrace. When it goes into bull mode, it always has gone higher than the last bull market peak.

So right now, accumulating makes sense to me because I see more people embracing Bitcoin and the space becoming more legitimized. Of course, I'm biased as I invest and write about crypto so bear that in mind.