Yep.
If a person understands how Bitcoin behaves through the cycles - he would definitely do it long-term no matter the dip or correction he may face along the line.
Those who responsibly look at their accumulated Bitcoins won't get rid of all of them in one swift go.
Investing bitcoin is all about mindset and understanding and if you have the wrong understanding of how it looks like it will be impossible to invest and hodl. If you see the dip in the market as a threat to your investment it will be impossible to invest in bitcoin. Those who are investing in Bitcoin, accumulating bitcoin in the dip and still hodling in the dip understands what they are doing and they can never be panic. It is very important before one makes plans to invest bitcoin their should understanding first because without a proper understanding you are going nowhere, just only wasting your money. Those who are hodling to their investment are not just doing it, but the reason for the commitment of hodling is because they have the true understanding of the investment of what they are into.
Bitcoin investment is all about understanding and mindset, and if you are with the wrong understanding you are going no where in your investment, it is impossible to work out well.