Invest for the long run and trade for the short terms.
May be a better aim for the long run where these spikes and drops can give you a hard time pretty fast.
You made great warning for newbies. For investors and traders who have lack of experience in crypto tradings, they should firstly stick with long term investment perspective. After two or three years in crypto market, they should think of start short-term tradings. They should experience crypto trading slowly and carefully, and should never jump directly to margin tradings, especially with high leverages because they will have to face with forced liquidations.
In crypto, people can early money fast as well as lose them quick.