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.
Secondly When it comes to trading of Bitcoin, losses is inevitable. Whether you're professional or an expert,no matter how knowledgeable you are or your years of experience in trading wouldn't still guarantee you a safe path in trading . If professional traders that are more familiar with the market are still loosing money, imagine when a novice with little or no experience start trading his Bitcoin, the losses will be masses considering how risky trading is. I advice Instead of gambling with your Bitcoin for cheaper gains, investing in Bitcoin for the long term is the best and most appropriate step to probably(not certain) make profits from Bitcoin on the long run
If you think about it, it's absolutely true that investing in BTC certainly doesn't guarantee a profit, whether it's a long-term or short-term investment. There's always risk, and it's not just investing in BTC; other businesses also carry risks. However, I really appreciate your advice, and it's true that investing in BTC for the long term is a good idea. If we invest in BTC for the long term, we won't have to worry about monitoring the market every day, so we can have peace of mind in our daily activities in the real world.
However, if we look at people who invest long-term in BTC, we certainly see many successful ones, especially those who have invested since 2010. So, your statement that investing in BTC for the long term is a good idea is true.