Indeed, for people who are optimistic about bitcoin, choosing a buy the dip and HOLD strategy is a good strategy to add to their portfolio. However, as an investment strategy, of course, buying the dip must be accompanied by controlling risk. One of them is by determining the target selling price when we buy when the price drops.
I think for those who really like Bitcoin and also really like implementing the buy the dip and HOLD strategy, there is no need to determine a selling price target very early if the purpose of buying on the dip itself is for long-term investment. Because those who usually determine the selling price very early or after successfully making a purchase at a dip price are traders and this will certainly not be the same as investors who like to hold Bitcoin in the long term. Although they all also consider risk control when doing something in the market.
Actually, an investor can't really determine the selling price targets when they want to buy and hodl for a long interval of time but however if an investor who buys when the dips occur can't actually resell at that material time regardless of if his gonna make a little profit but rather he can hodl his coin in his portfolio and allow the price to skyrocket then his investment would be matured enough for him to sell off his coin but moreover, a good investor doesn't sell all his coins as he can still leave some coin in his portfolio should in case the price goes further high instead of selling it off and waiting for a dip to buy of which a dip might never occur Again.