Cryptocurrency is a no go area if you are an emergency investor . By emergency investor, i imply someone who invests in cryptocurrency to get profits within some short period of time in order to settle some immediate financial. The probability of that happening cannot be ruled out, but in instances where they occur, the probability is about 1/10.
Patience is a virtue for bitcoin and another cryptocurrency investment. Prices exhibit intermittent Bearish and Bullish movements over short periods of times which may leave investors confused as to what step to take.
A successful investor studies the market, invests in a coin that always rises remarkably after a significant drops and take decisions in moments of highs and lows.
This will save a lot of anxious investors who sell their coins when prices are dropping, causing them to lose significantly.
I would agree with you to some extent but you, however, do not out into consideration those that practice day trading.
The term emergency investors, I can say, correctly describes what day trading entails. It is simply taking advantage of the differences in the price of bitcoin over short period of time to make profits.
Patience, however, remains an essential virtue for traders especially newbies who don't know how the market works and always panic anytime there is a slight decrease in the price of bitcoin.