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.
I won't blame those who don't have patience to hodl bitcoin because it impossible to have patience on something you don't understand and it takes only good understanding for one to have patience in hodling bitcoin. One thing about hodling if you don't have understanding about it you can do anything to invest bitcoin for long. The understanding of bitcoin hodling is the reason why people can really exercise patience to hodl bitcoin because they really understand what they are doing. Bitcoin is a longterm investment with good understanding you don't have to struggle or to so desperate to make money from it quick.