Talking about buying the dip and holding it in long term, we should consider this word "patient"  because any investors that is patient enough can't never wait for a long term investment than going for short term investment, some investors didn't have have self discipline when it comes to wait for a long term, that is why many are going for a short term investment, assuming Bitcoin can invent or program their way of investments from like 5 years up, so that many investors will not being using Bitcoin as a betting opportunity, since many make use of short term instead of long term investment.