Most coins if i wait for the dip i might miss the profit so buy when the coin is dying down.Assuming I waited for the dips to happen before buying, then obviously I might have to be in lost at the moment big possibility and chances won't recover because I doubt the meme hype will be returning.Buying in the deep does not mean we will get profit, if we don't analyze it first, the price may plunge deeper.Vice versa if we are able to analyze, even though the price is rising we will be able to take advantage of it.
The only time waiting for the dip works if when you buy established coins with bright futures and not those project only created for speculation purpose.I use both strategy but on different times, I ride the hype if I have interest just for the short term while waiting for the market to dip has to do with long term trading or if I'm interested in investing.