If one doesn't spend their crypto for purchases and wait for to spend their crypto when its price is nice, are they really considering it as a cryptocurrency or can we assume like those people are treating more like a security or investment instrument?
This is a strategy or someone's way to regulate the rhythm of their financial investments, where they have their own time for when to start and end their trading positions. they always wait for the best moment to buy when the price drops and release when there is an increase in the price of each coin they hold.
Yes, it's something that they developed thru time, strategy or a pattern based that they use in order to earn from this business, you need to keep yourself updated in each market trends in order for you to analyze the situation, after you place your target buy and sell position it's about to chill and monitor the movement, better not to overthink since there are situations that unusual fall may take place, if you have additional spare it's good to buy more and wait till the market will be nice to you and let you cash out a decent amount of earnings from your investment.