"If you ‘missed’ the previous dips, there will be dips in the future too. And we are still in one now."This is what CZ has said a few days ago. He emphasized that by technically, every price below or before the ATH is a dip and thus, we should act on the market thinking long term goals. There could be different interpretations of what he said.
First, this might be the cause of most to have FOMO. They won't even think twice about the price of bitcoin and possibly its price in the future because they are wishing to buy as soon as possible before the ATH.
I thought what he meant by we are in dip now because in the future when we look back... Bitcoin's ATH will not be $117k or $120k anymore. So, we will look back to this day thinking that this price was quite low and that we should have bought before.
Either way, I think the message from both interpretations is buy and hold. Will you agree with his words? Are we in a dip? Should people let FOMO wash over them and buy immediately or wait for a lower price?