buy the bottom don't buy the dips
Lol. I think everyone would do this IF they could easily tell the difference between a dip and THE bottom. In practice, very few traders ever get this one right--and that's not surprising, since nobody I know of has a functional crystal ball.
When I took corporate finance in college (one of just a few economics classes I elected to enroll in), one of the major points was that for riskier assets, a higher rate of return is expected. That makes sense. That's why a savings account in your local bank doesn't pay a lot of interest. That's why junk bonds pay such a high interest rate. It's been a long time since I took that course, and I don't know exactly how this principle applies to bitcoin, but it's definitely high-risk. It has the potential to be high-reward, but that certainly isn't guaranteed.
You made a good point on that, its really hard to differentiate dip and bottom. I think it's better to buy in a series of dips. From there, the average low will be achieved. Don't buy in a single transaction, better to distribute.