People who consider bitcoin to be too expensive don't understand bitcoin, and even if they end up buying on the dip, they will end up selling way too much too soon.
Yes, that is true. Seen bitcoin expensive and lucky to seen and buy dip has turned some people into traders now because, as they were lucky enough to buy Bitcoin when the price dipped, they will try to be smart and sell it once they see the Bitcoin price increase a little. They try to time the market again, attempting to buy deep, but from there, it possible that the price of Bitcoin won't come down to the price they set to buy back and some people are down still not able to buy bitcoin back again as the price continue to be increasing. In fact, this is the idea that has made some investors unable to hold for the long term, because their mindset isn't clear regarding their Bitcoin investment. They think that Bitcoin will not go higher much again, as they have seen Bitcoin become so expensive. And that is a wrong thought, because it's very possible for Bitcoin to reach $500K in the future let me just predict the price a bit. But as for me, I know that Bitcoin will go higher than that.