Buy the DIP, and HODL!

[Omj1014]

I wonder why some investors are having doubts that Bitcoin is going to go back it's best($120), it'll go get there this year for sure, you have to hodl on, the fact that it's volatile is the reason why we don't know when exactly, the best we can do now is to buy more...

[8rch7]

You're right, Bitcoin has often fallen sharply after reaching a new ATH, but it has inevitably recovered and even reached a new ATH again. In fact, those who have been invested for a long time take advantage of every dip and hold on until the price recovers and reaches a new ATH.

Risks exist in anything, and Bitcoin is no exception. However, its reputation and the cyclical nature of Bitcoin's movements make us confident in what we will see in the future. And I am also a believer that I will see Bitcoin reach its ATH again and higher, but it just takes time.

Since raising new ATH last year bitcoin recently most often get down and drastically drop until $60k almost 50% dropping from the ATH price, for the real investor seeing how significant dump of bitcoin from ATH price is right time to accumulate but many people get panic and make own speculation bitcoin will drop more lower price and most of them scare to accumulate although bitcoin have most dip price.
Investor or trader must brave taking risk and don't make delay decision for accumulating in bitcoin, if won't entry right now loss opportunity to buy bitcoin at lower price exactly always has trend of bitcoin after going to lower price will back again to higher price during one month later or several months later.

[Abelly]

You're right, Bitcoin has often fallen sharply after reaching a new ATH, but it has inevitably recovered and even reached a new ATH again. In fact, those who have been invested for a long time take advantage of every dip and hold on until the price recovers and reaches a new ATH.

Risks exist in anything, and Bitcoin is no exception. However, its reputation and the cyclical nature of Bitcoin's movements make us confident in what we will see in the future. And I am also a believer that I will see Bitcoin reach its ATH again and higher, but it just takes time.

Since raising new ATH last year bitcoin recently most often get down and drastically drop until $60k almost 50% dropping from the ATH price, for the real investor seeing how significant dump of bitcoin from ATH price is right time to accumulate but many people get panic and make own speculation bitcoin will drop more lower price and most of them scare to accumulate although bitcoin have most dip price.
Investor or trader must brave taking risk and don't make delay decision for accumulating in bitcoin, if won't entry right now loss opportunity to buy bitcoin at lower price exactly always has trend of bitcoin after going to lower price will back again to higher price during one month later or several months later.

I agree with your words, but you have to buy boldly, along with this idea, risk management is also very important.Instead of blindly pouring all the capital in at once, it is much more realistic to deposit gradually, and use the Dca strategy. This way, even if the market drops further, the average purchase price is controlled and the psychological stress is also Reduced. Although the long Term trend of Bitcoin has been upward so far, there will always be volatility in the short term, so it is important to have your own risk tolerance Period before investing and it is important to set aside money. Those who are patient and move according to plan are Usually the ones who benefit the most from such Corrections.

[Proty]

Getting carried away by the dip the other side of volatility when the target has Been Bitcoin investment (long-term approach) is what I don't understand and most importantly to have invested with discretionary funds. Volatile nature of Bitcoin is part of the basics which even if a newbie should be able to grabs. Let's say you had a decade target to hold and you have barely spent a and some months, so why the worries?
Definitely there's no need for worries except trading has been part of the plan. Yes you decided to hold on a long-term but somewhere inside your mind, the fantasy of the joy of making gain from Bitcoin like history now has it and probably some sort panic would make you sell off your Bitcoin but they're enough so far as we decide to go on long-term.

The main why most people get worried whenever there is a dip is because they failed to understand that a dip is part bitcoin cycle. Instead of seeing it as an opportunity of buying more bitcoin they allow emotions to cloud there sense of reasoning and then act impulsively.
Having a strong conviction to hold bitcoin for a long term and knowing that bear season and bull run is part of bitcoin cycle will reduce constant fear and panic that always grip some people when ever there is a dip.

[Joeboy]

I wonder why some investors are having doubts that Bitcoin is going to go back it's best($120), it'll go get there this year for sure, you have to hodl on, the fact that it's volatile is the reason why we don't know when exactly, the best we can do now is to buy more...

You have to understand that the future of Bitcoin is not guaranteed, and yeah there exist no rule which says that every humans must have a 100% level of confidence in Bitcoin either when starting out or in the course of their accumulation...We are surely human so it's normal to have doubts since many of us have different level of perspective as well as level of conviction, but then folks shouldn't always this their doubt affect or stop them from their consistent accumulation.... Folks are very well free to invest based on the level of their confidence with the amount they could afford to lose, and after long exposure, they could very well increase their amount to fit the level of their conviction...

[Showlove01]

Getting carried away by the dip the other side of volatility when the target has Been Bitcoin investment (long-term approach) is what I don't understand and most importantly to have invested with discretionary funds. Volatile nature of Bitcoin is part of the basics which even if a newbie should be able to grabs. Let's say you had a decade target to hold and you have barely spent a and some months, so why the worries?
Definitely there's no need for worries except trading has been part of the plan. Yes you decided to hold on a long-term but somewhere inside your mind, the fantasy of the joy of making gain from Bitcoin like history now has it and probably some sort panic would make you sell off your Bitcoin but they're enough so far as we decide to go on long-term.

The main why most people get worried whenever there is a dip is because they failed to understand that a dip is part bitcoin cycle. Instead of seeing it as an opportunity of buying more bitcoin they allow emotions to cloud there sense of reasoning and then act impulsively.
Having a strong conviction to hold bitcoin for a long term and knowing that bear season and bull run is part of bitcoin cycle will reduce constant fear and panic that always grip some people when ever there is a dip.

In addition, using money meant for expenses and needs Is also one of the major reason people worried and panic and so when the Dip comes they became troubled because they had a different thing in mind which is to invest (trade) with big amount of money and then when there is a surge no matter how little it is, they will cash out their money forgetting that Bitcoin is really unpredictable and very volatile that we can not decide for the market what direction to go and what direction not to go and it is a very wrong move for someone because Bitcoin will render such person helpless with its fluctuations.

[MusaPk]

You have just spoken my mind on those investors or newbies that has the opportunity of  buying and accumulating Bitcoin gradually by gradually as they can, determine on how their discretionary income comes to them because as you have set a good example about how Bitcoin price was in the four months back, it was really good seeing Bitcoin at the rate of $120,000 then and now it is nothing to write about but the best advise i will give to those that has consider buying due to serious fluctuation of Bitcoin price in market should consider buying and accumulating gradually by gradually with DCA strategy because we can just wake one day to see Bitcoin price bounce back again to $120,000 or more that since Bitcoin is not what any investors can predict rightly.

Its very much obvious that price of Bitcoin will recover sooner or later and its up to us that how we tackle current situation. Weak hands will sell there Bitcoins while the stronger one will try to gather more Bitcoins at current rate. Those who are in accumulation phase, fully understand the importance of such dips and will try to be aggressive during such dips.

Are you, MusaPk, planning on selling most, if not all, of your bitcoin once it reaches a certain level of returns? Is your goal in terms of both putting money into bitcoin and also engaging in such behaviors for such a long time, whether that is 4 to 10 years or longer, to try to maximize your returns (or your profits?)?

I just gave an example that how much profit you will get if you keep on investing 100$ per week for last four years. The investor will decide himself that whether he want to sell most of his coins or retain them.
 

[Jamestown70]

I wonder why some investors are having doubts that Bitcoin is going to go back it's best($120), it'll go get there this year for sure, you have to hodl on, the fact that it's volatile is the reason why we don't know when exactly, the best we can do now is to buy more...

Doubt is part of human that is unavoidable to some extent, but if you’ve belief in a particular thing, it’s certain your belief will override your doubt for that thing. Bitcoin is an asset with potential history, it has proven beyond doubt over and over again to correct itself, as an investor that have belief in what he is investing on it is left for you to utilize the opportunity during it correction. Any form of doubt will only lead to regret.

[SmartCharpa]

Most people feel that selling is a good strategy for ecaping volatility, they sell when the market drops then time when it goes lower then buy the dip, that's never a good strategy since they can't get the perfect timing of the market, imagine selling at 70k with hope that the market would drop below 65k so you'll back at 60k but then the market goes to 90k instead of dropping to 60k.

 That's the perfect example of not being able to get the perfect timing od the market, Bitcoin is a long-term investment system and people should stick to that concept,  a true investor would always stick to long-term goals regardless of the situation of the marketm

Bitcoin shows that we don’t have control over the changes in price, but some people believe they can outsmart the price by selling at a higher price, and buy back at a lower price. People needs to avoid the mindset of selling and buy back if the price goes lower, as we don’t know what the market will bring next after this heavily dropped. With the blink of eyes, we can see the market above $100k, and those who hope to see more dip will be disappointed.

Bitcoin investment is about long term, patience and consistency in our accumulation, the wrong idea about it is to buy and sell tomorrow. Some people don’t care what the future holds, they only concern about the short term gains, despite the fact that Bitcoin is unpredictable, they still prefer the short term than long term holdings.

[ruykeri]

I wonder why some investors are having doubts that Bitcoin is going to go back it's best($120), it'll go get there this year for sure, you have to hodl on, the fact that it's volatile is the reason why we don't know when exactly, the best we can do now is to buy more...

Bitcoin price is sure to hit $120k this year, it is not right to think like this. It is not right to speak like  guarantee . If someone is investing with a long-term mind set, then he should still take time to decide before selling Bitcoin. If someone is investing with a short-term mentality, if he has a backup and a strong cash flow, then he will be patient and make a good decision ... After all, Bitcoin gives people freedom. If someone wants to sell his holdings, he has complete freedom.

[Derekfunds]

I wonder why some investors are having doubts that Bitcoin is going to go back it's best($120), it'll go get there this year for sure, you have to hodl on, the fact that it's volatile is the reason why we don't know when exactly, the best we can do now is to buy more...

Doubt is part of human that is unavoidable to some extent, but if you’ve belief in a particular thing, it’s certain your belief will override your doubt for that thing. Bitcoin is an asset with potential history, it has proven beyond doubt over and over again to correct itself, as an investor that have belief in what he is investing on it is left for you to utilize the opportunity during it correction. Any form of doubt will only lead to regret.

Well someone should or ought to invest in Bitcoin with only one mind because we all knew it is a volatile asset and a lot of things can happen in a given period of time which is the dip and rise and sometimes any of these features can be so massive just like the condition we are into now and so an investor shouldn't have any other mindset contrary to this because I believe anything outside this, that folk is a trader or gambler because an investor is aware of the market features and decided to invest while a trader is also aware but decided to try luck and mess with the market that is why they doubt and panic.

[Brizi5000]

I wonder why some investors are having doubts that Bitcoin is going to go back it's best($120), it'll go get there this year for sure, you have to hodl on, the fact that it's volatile is the reason why we don't know when exactly, the best we can do now is to buy more...

Saying that bitcoin will hit back exactly the $120k figure is a mere speculation because you can’t be so sure what will be the price of bitcoin as it is very unstable. Bitcoin price cannot be predicted because you’re not in control of the price, there are so many unknown factors responsible for the bitcoin price fluctuations and at such you can’t say for sure that the price will hit at exactly $120k this year. But the truth remains that bitcoin price will always continue to rise even though at some point it goes down. Your statement sounds a bit confusing because at a point you said bitcoin will sure  hit back to $120k price this year, and again you’re saying you don’t know when exactly the price will surge to $120k.

[JayJuanGee]

[edited out]

Complete concurrence with what you say. The real Bitcoin investors know that there is no such thing as a game without volatility. Seeing a dip as a failure is more of a mentality of a trader that is concentrated on short-term benefits instead of long-term utility. The dip is in fact a chance to buy more at a cheaper price and solidify your portfolio. The patience, discipline and belief in the Bitcoin cycle is the only difference between true investors and those who panic and sell when the market corrects itself. To any person interested in committing to Bitcoin, it is not merely a tactic that will help acquire success over time but a mental framework to hold and buy the dip.

I am not opposed to whatever you are saying in regards to buying the dip, even though surely we can never really know when a dip will come, so it might not be a good idea to be holding back any value in order to buy more aggressively during dips...  Yet any guys who had already gotten bitcoin buying systems in place, they might well see that there is some value in increasing and/or decreasing their DCA amounts upon certain bitcoin price movememnts, yet at the same time, they could also end up screwing up in terms of how they ended up changing their level of BTC accumulation aggressiveness based on BTC price changes.

Even in your own case, if you had come to bitcoin in April 2016 with a somewhat aggressive approach to your bitcoin accumulation (such as 15% or more of your income), then you likely would have had put more than a year and perhaps a year and a half of your income into bitcoin, yet at the same time, and in the ballpark of 15x appreciation in the value of your bitcoin holdings... so somewhere along the line in your accumulation of bitcoin, you might have had gotten somewhere close to a point of having enough or more than enough bitcoin, and perhaps buying the dip would have had become more relevant as compared with ongoingly buying bitcoin.

At the same time, I understand that frequently, guys come to bitcoin and it might take them years before they figure out that bitcoin is the prize and/or that they should be attempting to mostly focus on bitcoin accumulation (perhaps no matter what price) rather than getting distracted into shitcoins, trading and/or perhaps in various other ways... .. which, when I look at some of your post history, I see that distraction away from bitcoin may well could have had been the case with you.

Are you, MusaPk, planning on selling most, if not all, of your bitcoin once it reaches a certain level of returns? Is your goal in terms of both putting money into bitcoin and also engaging in such behaviors for such a long time, whether that is 4 to 10 years or longer, to try to maximize your returns (or your profits?)?

I just gave an example that how much profit you will get if you keep on investing 100$ per week for last four years. The investor will decide himself that whether he want to sell most of his coins or retain them.

Of course, people can decide whatever they like, even dumb shit, yet at the same time, if we are wanting to talk about bitcoin (and bitcoin investing) in an informed way, then aren't we going to outline the costs and benefits of differing approaches? 

I would not consider it to be a good idea for a guy to spend 7 years or longer accumulating bitcoin, then use all of his bitcoin proceedings to buy a house or some other inferior investment (or consumption item)  Yet normal people do that kind of dumb shit all the time, and they even consider that owning the home is the superior investment location, when it is not.

Let's say that a 30 year old guy who was earning $30k per year ($2,500 per month) got into bitcoin right around the start of this thread in April 2019, so he has nearly 7 years buying bitcoin at $100 per week (17.3% of his income), and so he had accumulated right about 1.7 BTC.

Surely such a guy might want to get to fuck you status and to be able to sustainably withdraw $80k per year, yet he is not quite at a high enough bitcoin accumulation level to be able to start to cash out, since right now his 1.7 BTC stash would only support right around $9.9k, per year, yet he is thinking that he may well need to spend another two more cycles accumulating bitcoin in order to get to a point to be able to possibly start to cash out at $80k per year, and he figures that maybe after another 2 more cycles he might be able to get up to somewhere between 2.2 BTC and 2.5 BTC, depending on his income maybe going up and also his continuing with similar levels of accumulation (17% of his income). He is thinking that he will be in pretty good place for his age and perhaps around 46 years old by that time that he might discontinue working.

I think that the guy is on a good path, yet he might end up getting distracted and use som decent chunk of his BTC to buy a house and maybe he gets loan payments  that end up taking away from how much bitcoin that he can continue to accumulate.  Sure it is possible that he might not use all of his bitcoin holdings, which would likely be a better move, and of course, each person has to decide his priorities, and how to budget himself.  I cannot answer for someone else, even though I can recognize housing as an inferior investment, it could still end up attracting a person towards it and to end up eating greatly into his bitcoin progress and holdings.

[laspol65]

There are indeed no guarantees, but based on what has happened in the past, the price of Bitcoin has always managed to recover, even though it might take longer. In my opinion, that confidence also needs to be nurtured so that in the long-term investments we are running, we are not shaken just because of a deep price correction or that there is no panic. So I think trust is very important, regardless of the circumstances.

You're right, Bitcoin has often fallen sharply after reaching a new ATH, but it has inevitably recovered and even reached a new ATH again. In fact, those who have been invested for a long time take advantage of every dip and hold on until the price recovers and reaches a new ATH.

Risks exist in anything, and Bitcoin is no exception. However, its reputation and the cyclical nature of Bitcoin's movements make us confident in what we will see in the future. And I am also a believer that I will see Bitcoin reach its ATH again and higher, but it just takes time.

Those who invest in Bitcoin and follow the regular DCA method are constantly buying Bitcoin Dips. If you buy Bitcoin weekly, then of course your Dip purchase helps, and you can save almost every Bitcoin. A Bitcoin investor is consistent in buying Bitcoin regularly, so he is able to hold it for a long time. It is easy to hold on to Bitcoin investment for the long term, which creates the highest possibility of getting benefits.

[Sonia_123]

Also the BTC price could go shooting up several times its value, but then the part that starts to get a guy to become motivated to sell is when the BTC price is correcting back down, so in that context, the guy starts to think about how much value he is ongoingly losing when the BTC price is going down, so he might end up selling some or all of his BTC based on a motivation of loss aversion.

This is the realist statement towards reasons why people sell that I’ve heard in this forum, of course it’s not the fact that we are in bear market that lead people to sell but most time it’s because people have seen a good amount that bitcoin price doubling has brought they are not mentally ready to loss the money which basically is not theirs but what bitcoin brought them but are afraid to endure seeing it go down with the correction of bitcoin.

You are right people with this kind of mindset will not go far in their Bitcoin investment journey because they lack patient and faith and I also believe they are not a genuine Investor because there is nothing that will make a real investor to sell their Bitcoin no matter the Dip. Before we started Bitcoin investment we knew that Bitcoin will go up and down ( volatility) and so why will someone see their investment grow to some point and then when the price is going down they decided to sell when they have not hit their overaccumulation stage perhaps this is trading.

Absolutely dude , you are  right Bitcoin has always been so volatile that's not a new thing to anyone who did their assignment before investing. If people believe in the Long term aim short term dips shouldn't shake people out of their position, a good investors takes patience discipline and conviction selling each time the market pulls back feels more like trading on emotions than sticking to a strategy, of course but if people entered with a long term mindset , so volatility shouldn't come as a surprise.

Getting carried away by the dip the other side of volatility when the target has Been Bitcoin investment (long-term approach) is what I don't understand and most importantly to have invested with discretionary funds. Volatile nature of Bitcoin is part of the basics which even if a newbie should be able to grabs. Let's say you had a decade target to hold and you have barely spent a and some months, so why the worries?
Definitely there's no need for worries except trading has been part of the plan. Yes you decided to hold on a long-term but somewhere inside your mind, the fantasy of the joy of making gain from Bitcoin like history now has it and probably some sort panic would make you sell off your Bitcoin but they're enough so far as we decide to go on long-term.

Exactly that is what bothered me often why so much worries and focus on the dip when you have not gotten to your over accumulation stage, most persons just forget about how bitcoin works and function in a cycle and passing through its Various phases , which they all know that this phase (bear)is about to end and enter the second phase (bull), and everyday the panic keeps increasing, knowing that this is not the first time it's happening to Bitcoin.

[drangos]

There are indeed no guarantees, but based on what has happened in the past, the price of Bitcoin has always managed to recover, even though it might take longer. In my opinion, that confidence also needs to be nurtured so that in the long-term investments we are running, we are not shaken just because of a deep price correction or that there is no panic. So I think trust is very important, regardless of the circumstances.

You're right, Bitcoin has often fallen sharply after reaching a new ATH, but it has inevitably recovered and even reached a new ATH again. In fact, those who have been invested for a long time take advantage of every dip and hold on until the price recovers and reaches a new ATH.

Risks exist in anything, and Bitcoin is no exception. However, its reputation and the cyclical nature of Bitcoin's movements make us confident in what we will see in the future. And I am also a believer that I will see Bitcoin reach its ATH again and higher, but it just takes time.

Those who invest in Bitcoin and follow the regular DCA method are constantly buying Bitcoin Dips. If you buy Bitcoin weekly, then of course your Dip purchase helps, and you can save almost every Bitcoin. A Bitcoin investor is consistent in buying Bitcoin regularly, so he is able to hold it for a long time. It is easy to hold on to Bitcoin investment for the long term, which creates the highest possibility of getting benefits.

I support both of you that consistency and mentality is what actually makes buy-the-dip and HODL strategy effective. Any person can state that they believe in Bitcoin in the long run but when the market crashes badly, the human feelings usually set in and result in panicked selling. This is the reason why discipline and patience are equally significant as the strategy. With DCA the pressure to time the market is eliminated and the dips can be viewed as a chance to accumulate more. Bitcoin has had a history of recovery cycles and those who had persevered and continued through the volatile periods were usually rewarded over time, though risk is always present.

[Negotiation]

I would not consider it to be a good idea for a guy to spend 7 years or longer accumulating bitcoin, then use all of his bitcoin proceedings to buy a house or some other inferior investment (or consumption item)  Yet normal people do that kind of dumb shit all the time, and they even consider that owning the home is the superior investment location, when it is not.

In most cases, people think that building a beautiful house is the most necessary thing for people, I personally think that a house must have a family. But I don't think that investing a lot in a house is very good in my opinion. The reason why people invest the most in houses is because people want to increase the beauty of the house.

Still, most people have very little idea about Bitcoin. That's why people sell Bitcoin and build houses.

[ruykeri]

Exactly that is what bothered me often why so much worries and focus on the dip when you have not gotten to your over accumulation stage, most persons just forget about how bitcoin works and function in a cycle and passing through its Various phases , which they all know that this phase (bear)is about to end and enter the second phase (bull), and everyday the panic keeps increasing, knowing that this is not the first time it's happening to Bitcoin.

Bitcoin always rewards the patient. Those who worry about the price of Bitcoin are those who have a short-term and trading mindset. For those who are still in the beginning or middle of accumulation, the real goal is to stack sustainably without catching the dip. It is completely unnecessary to worry about the price of Bitcoin in the short term. The most practical thing to do is to keep right within our control. Since we have no control over the price of Bitcoin, we should not worry so much about the price of Bitcoin.

[JayJuanGee]

I would not consider it to be a good idea for a guy to spend 7 years or longer accumulating bitcoin, then use all of his bitcoin proceedings to buy a house or some other inferior investment (or consumption item)  Yet normal people do that kind of dumb shit all the time, and they even consider that owning the home is the superior investment location, when it is not.

In most cases, people think that building a beautiful house is the most necessary thing for people, I personally think that a house must have a family. But I don't think that investing a lot in a house is very good in my opinion. The reason why people invest the most in houses is because people want to increase the beauty of the house.

Still, most people have very little idea about Bitcoin. That's why people sell Bitcoin and build houses.

There are ways to have both bitcoin and a house, yet there may be needs to balance it out.

Guys who bought 200 bitcoins between 2011 and 2013 for less than $10k (or maybe 200 bitcoin in 2015 for $300 each and a total of $60k invested), and then they sold most if not all of their 200-ish bitcoin in 2016 or maybe even early 2017 for $1,500 each ($300k) they made a lot of profits, and perhaps they bought a house with those proceeds, yet if they had 200 bitcoin right now, they could buy $1.5 million house with around 25 bitcoin... so there is a big difference in regards to how many bitcoin they need for the same or even a better house.

Some guys will have regrets, and others will proclaim that they "did the right thing," and they are free to believe  and/or rationalize their behaviors) all that they like.  Guys will sometimes get emotional about their investment rather than really thinking it through.. and sometimes, they just end up making mistakes in regards to how the had ended up valuating the bitcoin that they had.

[Makus]

There are ways to have both bitcoin and a house, yet there may be needs to balance it out.

Guys who bought 200 bitcoins between 2011 and 2013 for less than $10k (or maybe 200 bitcoin in 2015 for $300 each and a total of $60k invested), and then they sold most if not all of their 200-ish bitcoin in 2016 or maybe even early 2017 for $1,500 each ($300k) they made a lot of profits, and perhaps they bought a house with those proceeds, yet if they had 200 bitcoin right now, they could buy $1.5 million house with around 25 bitcoin... so there is a big difference in regards to how many bitcoin they need for the same or even a better house.

That's the major disadvantage of choosing trading over investing in bitcoin for long term. It sure looks like you're on profit after selling at peak price but after few years they end up discovering that they made a mistake rather than reaping good returns. Well it's good experiences like this can teach new bitcoiners that long term holding is the best route to buying bitcoin and not short term trading which is even riskier than.

Some guys will have regrets, and others will proclaim that they "did the right thing," and they are free to believe  and/or rationalize their behaviors) all that they like.  Guys will sometimes get emotional about their investment rather than really thinking it through.. and sometimes, they just end up making mistakes in regards to how the had ended up valuating the bitcoin that they had.

Indeed I could remember during my first few months in this forum i saw some post of people who claim that they are proud of selling at that time to do what they did with the money. Yeah it's possible they could be satisfied with their outcomes but that also depends on profit they got from bitcoin and how long they've held their bitcoin. We certainly can't make all the profits in the market and i believe that's why we work with holding for a timeline which at that point we should have accumulated enough bitcoin probably to overaccumulation stage and if paraventure bitcoin gives a good profit returns that would make your portfolio look more presentable and satisfying.