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?
I myself have more control over when to save properly when it should start well, especially beginners who don't know anything and are persuaded by others to hold on for a long time even though it can have a negative impact if we can't use it well.