This thread is about bitcoin - we are not talking about buying "other coins" aka various shitcoins with this strategy... that may well be a topic for another thread.

Regarding your point about "seeking the dip,"  I find that phraseology to be a bit problematic, even though surely it is true that some folks do seek and/or hope for the dip - especially if they are early in their BTC accumulation journey.   Once you have sufficiently and adequately accumulated bitcoin and prepared for UP, you may well not be seeking any dip or hoping for any dip because you are better off if the BTC price goes UP.. however, if such dip does happen, you can still attempt to prepare yourself to take advantage of such dip rather than doing nothing or rather than merely losing value.

For example, I started buying BTC in late 2013 towards the top of that particular cycle, so for the whole of 2014, I was not really bothered by the BTC price going down for the whole year because I continued to buy BTC along the way.  Once I reached my accumulation goal towards the end of the year (2014), then I did not really feel any benefit when the BTC price would go down, so when it went up during subsequent years, I was advantaged by the BTC price going up because I felt that I had established a sufficient and adequate stake in BTC by the end of 2014, but there were many many times along the way that BTC prices went up and down, and surely the preference was always for the price to go up, but sometimes along the way, more BTC could be bought during dips (even though they were not really wanted or hoped for).

I feel that I was a bit lucky because I already had a lump sum that I could invest into BTC, and there are certain advantages (and comfort) that come from going through a whole 4-year bitcoin price cycle... but still it could take  any normie 1-2 cycles to really feel that s/he has established a sufficient quantity of BTC stake.. to feel sufficiently and adequately prepared for UP and no longer wishing or hoping for down.