"Buying the dip and HODLing Bitcoins" is a popular strategy, but with inherent challenges. The difficulty lies in identifying the right dip – a temporary price drop before a rebound. While technical analysis can offer clues, the cryptocurrency market's volatility makes perfect timing nearly impossible. However, consistently buying smaller amounts (dollar-cost averaging) can smooth out price fluctuations. Additionally, Bitcoin's limited supply and potential as a borderless digital asset make it attractive as an inflation hedge. While its price swings can be dramatic, some believe its long-term trajectory could outpace inflation, offering a potential store of value. So keep buying Bitcoins and HODL as long as you possibly can!
Welcome to the thread but I think you started off from a wrong foot, 95% of us knows this already and what you should have done is introduced yourself and tell us If you have already started accumulating bitcoin or not, the most important thing right now is not really about how much you know but how much Bitcoin you have accumulated and how long you have been in.
Anyway your right about buying if it's used as an only strategy, but it can be used as a supplementary strategy to take advantage to accumulate more bitcoin so you and really have to wait for dips is your are using the DCA method.