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 your investment is your responsibility and you need to act wisely
holding long term is not applicable in every coin and if you plan to hold long term you need to buy coin with solid foundation
before investing you need to learn about it and look if the coin really have good potential to grow someday.