To my own knowledge on buy the Dip,and HODL.it has to do with investing buying Bitcoin and keeping it is one part,people feel is just buying Bitcoin and hodl.but on question to ask how patient are you to hodl.your patient might not be the same of mine.so it takes discipline on the highest other.and mind you you don't invest on Bitcoin with you all of what you have,cause you will definitely can not be patient.if am not mistaken I feel with my own experience investing in bitcion.is better you have some other asset to fall to daily,and keep you mind lost out of your bitcion investment.And just stay and observe for as long a you can.
In Bitcoin investment, you must have it at the back of your mind that patience alone is not enough, because you might actually be patient to hold, but if you don't have a source of income or an emergency funds to fall back to when their is serious emergency, you will be forced to temper with your investment so as to sort out the issue which is not the right way to go, so buying is one thing, and to be able to hold successfully for a very long period of time is another thing altogether, but if you are financially smart enough to plan well with your money, you will not even think of tempering with your holdings because you have a source of income that can finance your daily expenses, while your emergency and backup fund is in place already to shield any pressing emergencies that may arise in the future.