Maybe the time element is the problem with those kind of traders. They see crypto as a short term investment. If they buy today they want to sell it next week or maybe next month which is a long time already. From what I understand in what I have been reading about crypto it should be a long term investment like you have to wait for years.
You are very right in your submission. Cryptocurrency investment if for the long term like you said when you buy and Hodl for a long time. It is not necessary for you to hold cryptocurrency for years before you can make profits. Some coin can rise in weeks or months and you will make profits.
I also discovered that we will continue to learn from every activities and situation of the Crypto currency market but Funndamentally we need to be very disciplined, we should shun greediness and fear.
True shun greediness but the truth is there is this thing that moves with money and its worst when the money is in crypto, where i come from we call crypto blood money and previously our definition of blood money was different but now it as being changed completely and crypto compiled with trading did it all
In as much as the volaitility of the coin is what makes a lot of persons to go into the cryptocurency trading,most of them don't have adequate knowledge of the market,they fail to understand that some coin with less value which has prospect to rise can eventually become like the bitcoin that is sort after today.
Cryptocurrency is not complicated at all once you have the basic knowledge on how it works. Nobody thought me cryptocurrency, I learnt everything on my own through reading and watching some YouTube videos.
I for one joined the league of cryptocurrency. When the price is going up I feel my heart is also going up. I feel very happy because I am gaining some profit. But when the price is going down, I feel my world is also going down and down.