True. I agree with you.
I have said those things because this is a usual and common thing that happens around us. If you ask new Bitcoin investors that how many times do you check the price of Bitcoin in a week? Most of them will say more than ten times. This is their money, I cannot ask them not to check the price. But the fact is, they are new and desperate about their investment.
That's the problem because checking the price of bitcoin excessively will cause panic when the market experiences a sharp decline. They should have a plan that the bitcoin they own will be held until it reaches the desired price. If the price has not been reached then just wait and there is no need to panic under any circumstances because bitcoin always gives birth to moments of recovery and will always be in an upward condition after a four-year period.
People who do not have enough patience won't be able to hold their Bitcoin for a long time. They will end up selling their Bitcoin if they need money. People with low capital also won't be able to hold for a long, because they cannot afford to have all their money in a bank for a long time. This is why, Bitcoin won't be able to reduce the poverty. It will make rich people more richer.
Patience is needed when investing because patience will be a bulwark for anyone not to get involved in panic. The way to do this is don't invest too much and leave some money for your needs, so that when they need money they don't have to sell bitcoin. If people understand the concept of investment then I am sure people will get a chance for financial freedom and wealth will be proportional to the amount of money we put in investments based on the right pattern.