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.
In terms of investment, you have to follow 2 things very well, that is, you have to be patient and you have to be disciplined. If you cannot be patient after investing, if you get restless and sell your investment, then you will become a trader. This investment is for the future. It is very important for you to be patient in terms of investment.
It is very important to be disciplined in terms of investment. Because when you start investing, no matter how you buy, you have to be disciplined and continue to buy consistently. When you feel that you have accumulated enough Bitcoin in your portfolio. Then you have to be patient until your deadline is fulfilled.
Discipline and patience in investing are not everything. Yes, being disciplined and patient in investing is very important, but if you are ignorant in management or less educated in investment management, then perhaps being disciplined and patient alone will not be enough. Even if you are forced to sell an investment, I will identify him as a failed investor instead of calling him a trader. Because selling an investment while being unstable in the market is a sign of a failed investor, it does not bear the identity of a trader. To be a successful investor in the long term, you need a prudent source of income, knowledge of investment management, patience and strong morale. Perhaps these 4 things will help you the most to become a successful investor.