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.
Having patient to hold for a long term is a matter of choice because it depends on the investors and traders target or goal I mentioned traders and investors because not only Investors are involve so you will agree with me that someone who's ready for an investment and calls himself or herself an investor will never be inpatient and so the reason why I said it is a choice is that when someone have invested and decided to sell in a short while that person is not longer an investor rather a trader.
However, it is not impossible to have patient on something you don't understand as a matter of fact when it comes to Bitcoin investment not having patient is very unwise because even in school whatever you don't understand, is either you ask questions or you spend your time to understand what that is all about that is how people that wants to be great do, if you are so inpatient you won't learn and won't go far.
I found out that Buying can be much easier than holding because some people that initially called or see them self as investors can over mind in an act of impatient, I have heard of those they call weak hands they are the ones that belongs to this category, their selling too soon as not part of the plan can be as result of either they have seen a little short term profit and suddenly change their mind or selling on seeing the market going down ward, patient has a lot to with how we behaves and not only how long we can wait.