Newbies can easily be influenced from what they hear from speculations.. I've read several times people tend to advice to hold long term. because its easy for them to say JUST HOLD cause theyre not the one losing! For me its not all about holding, its being smart about your own invesment know when to stop and cut the losses.
What are your thoughts?
Yes you're right, not all the time you had to rely on the speculation because after all it is just only speculation which can be a true or not. Your own decision is most important not them.