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.
It is not only those who do not understand Bitcoin that are sometimes impatient holding for long term .However, even those who understand it can sometimes become impatient due to certain reasons.
Even individuals with knowledge about Bitcoin may decide to become traders for aim of making quick profits, and once they do, it means they lack the patience to hold Bitcoin for a long time.Another reason is that those with good knowledge of Bitcoin often want to take advantage of it by investing money they cannot afford to lose. When someone invests money they can't afford to lose, they are unlikely to hold for the long term.As for me, I would definitely blame those who lack the patience to hold Bitcoin. They fail to achieve success because of their actions, and they must be held responsible for their losses.
I disagree with you, I don't understand how someone who has good knowledge about Bitcoin can make decisions like a newbie? He already has good knowledge about Bitcoin, and he knows about the benefits and risks of Bitcoin. In my opinion, an investor who knows the essentials and is well-versed in Bitcoin
will never decide to invest an amount of money that he cannot afford to lose. This kind of behavior is only for new investors who want to make a quick profit and take irrational risks due to greed. An investor who knows the real long-term potential of Bitcoin will never worry about short-term profits, even if Bitcoin dumps a lot or pumps a lot while continuing his holding, he will still continue his long-term investment and holding according to his goal.
I still can't find this statement pleasing because no matter how small it is, you wouldn't be happy losing your hard earned money, and to be honest here, nobody is investing in Bitcoin through the DCA accumulating strategy base on the fact that it's an amount he is willing to lose, the right statement that you guys should be using it investing an amount of money you can do away with for a very long period of time, because when you Invest with a spare money that you are not needing anytime soon, you wouldn't be under any pressure to sell during that period.
But saying that we should invest with an amount you can afford to lose makes it looks as if we are gambling or we are trading, this is an investment, no Investor will be happy losing his hard earned money, so in my own opinion, the right statement for such phrase is invest with an amount you can do away with for a very long period of time.