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?
Being smart about your own investment for me is not enough. Sometimes, I just accumulate a great amount of money because of the stroke of luck. That's why I am fund of buying some shitcoins that I think has potential but only invest the money I can lose. I incredibly earn 2000$ from a shitcoin last month and that was a great experience for me.