Honestly, those sets of people that always want to buy the dip, I view them as short-term holders, which I see as traders. They always have the intention of selling in a short period of time. But for anyone that is ready to hold their Bitcoin for a very long period of time, I don't think they should have that type of mindset. This type of mindset can hold someone back from investing in Bitcoin. It has happened to many people, all just because they wanted to buy Bitcoin at a cheaper rate. They are still waiting for the Bitcoin price to drop to $20k. They saw it and refused to buy at that time because of the mindset of always waiting for a dip. In fact, many have even wasted the money in other ways.
So if I decide to buy only a dip of $56k from the activities that have played out in the month of August and September, does that make me a short term holder, or a trader, or someone with the intension of selling?. That's never true. You see, when someone chooses to buy a dip in this recent time, he/she must be realistic with the dip to aim for or expect. To be honest, I don't think anyone who is in a right state of mind will be expecting a dip of $20K. If there is anyone like that, then we shouldn't even be talking about them because they are not from this planet. The thing with buying Bitcoin's dip is that everyone choose to have their own price expectation, i.e every individual chooses the dip they want to buy. Someone can choose to buy at $56K, while another can choose to buy at $55.8, but the choice of dip must be realistic and must align with the condition of the market.
But here is the real truth. Waiting to buy a dip is not ideal. Because, you've to understand that Bitcoin price might likely not go back to your price of expectation. Bitcoin price dropping down to someone's expectation is a 50-50 chance especially when the price expectation is too unrealistic. So why even take the risk when you can just use the DCA method that is been suggested here.
Instead of someone chasing dips, they can think wisely and start using the method of DCA. Many of them should be in a grateful stage by in few months to come because once someone starts using the DCA method, they will eventually discover that they have accumulated a reasonable amount of Bitcoin between some months. It would be better if people stopped waiting for a dip, as we don't know exactly when it will happen, and instead focused on the DCA method, which allows them to buy Bitcoin at different prices.
Now your statement is making sense as I completely agree with this.