Yes, Investing without thinking long-term is asking for trouble.  I mean sure, some people happen to make bank chasing the latest hot coin, but that's not a consistent path to profits and  the big wins come from patience and strategy, not shots in the dark.  Those rich investors who got wealthy biding their time didn't just sit around twiddling their thumbs.  They put in work understanding the markets researching projects, and making informed plays.  Thats why we call them investors rather than gamblers.