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Then the concept of buy the dip and HODL only makes sense if you have money to spend that you can afford to leave invested for several years. However, if you are borrowing money, it's a completely different story as the repayment plan of the lender does not care if Bitcoin is in a bull market or a deep correction. When the selling price dips, you might have to take a loss to pay back your loan. That's the reason I believe that investments in Bitcoin should be made from disposable money or savings, not debt. A loan comes with neither patience nor financial freedom neither of which is essential in HODLing. Don't take risks for potential profits, never.
The "buy the dip and HODL" is to ignore volatility, for it to work, one must use discretionary funds and a long-term time horizon. If an investor uses cold money and plans their investment timing accordingly, a market correction effectively becomes a discount; however, without these two elements, a correction can turn into a disaster. Since 2011, this message has been consistently repeated on this forum: "Never invest more than you can afford to lose; don't borrow to buy Bitcoin." The aim is to ensure that new investors do not make a misstep.
Choosing not to take risks for the sake of potential gain does not make one a coward, rather, it is about preparing oneself so that the plan does not fall apart halfway through. A sound Bitcoin investment should utilize discretionary income, involve strategic timing, and be backed by knowledge. As for the risky investments you mentioned, they involve using borrowed money and FOMO. Novice investors must be able to distinguish between these to avoid getting trapped in difficult situations, such as being forced to cut losses to pay off debt.
