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.
For me only bitcoin will increase because it has more potential than other altcoins because there are so many projects who are introducing altcoins but I did not found any better than bitcoin in case of holding. In cryptocurrency we will have to hold our coin because price takes time to rise and time makes everything normal so better hold our coin.