"Buy the dip" is such a lie. Let's say there are 2 traders, Trader A and B.
A thinks the dump is not going to last and "Buys the dip". A was holding X coin, and they bought at a price significantly higher than the current price.
B is also in the same situation. He bought X coin near the peak, and is holding in hopes of a pump. His goal now is to minimize losses at this point.
As soon as A buys the dip, B will sell at a higher price to escape with reduced loss. Now A has even more X coin and is still in heavy loss. A needs a new trader, C, who will also "Buy the dip" and then A can sell...
You see, "Everyone don't panic and hold", "Buy the dip" << these are all lies.
These holders convince other holders that they are on the same team, act as some kind of united community but everyone is waiting to profit and exit at the cost of other community member's loss.
Do not be fooled.
