Of course, buying Bitcoin when the price drops is very profitable.
Profitable or unprofitable, it is very case specific and it is not always profitable for all people who buy dips. Buying dips is good but if the buyer does not plan to hold for a while or does not have plan of selling with price bounces for profit, he might miss some good opportunities for selling and taking profit. Then holding a longer time, but not long enough as a long term investment, market can dive deeper and selling at such times will lead to loss.There are people who did not have any idea and plan for what to do next after buying dips, and got loss complained that dips are risky and not bring profit. They again did not do enough research and it's their responsibility again.
Many Bitcoin historical corrections from all time highs are great entries and helpful for many intelligent investors and traders to get profit, but most of people in the market had losses.
So, in essence, I think buying when the price is low is a good thing as long as the person can hold their BTC for the long term, for example, 10 years or more. Of course, buying BTC when the price is rising is also certainly no problem as long as they hold their BTC for the long term. Of course, for those who hold BTC for the long term, no one has suffered any losses, except for those who are impatient and unable to hold their BTC for the long term.
So, in essence, there's no such thing as a loss when investing in BTC as long as you can hold it for the long term. However, for those who enjoy trading BTC, many have certainly suffered losses because they don't hold their BTC for the long term. If they hadn't sold their BTC before they made a profit, they would have certainly made a profit because BTC will undoubtedly continue to rise over time. However, the mistake of traders who consistently lose in BTC is a lack of knowledge and an unfamiliarity with the BTC cycle. In short, investing in BTC for the long term is certainly a good solution.
Buying more Bitcoin during a dip is not a bad idea at all, but we should not always wait for the market to fall before investing. Waiting for the dip is not wrong, but if an investor plans to hold for the long term, it’s better to also set aside a fixed amount to accumulate regularly, either weekly or monthly, depending on what you can afford. Relying only on dips can make someone wait forever for a price drop that might never come, because nobody can predict what Bitcoin will do tomorrow.
However, when it comes to trading, whether you are an expert or not, profit is never guaranteed. Trading is more like gambling with your money because you don’t know what the outcome will be. Everything that involves money requires knowledge, but even knowledge does not guarantee success, it only helps you to be more careful about when to enter or avoid the market.