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?
Most beginners are easy to influence and they will immediately believe it while investment in crypto is not just holding and waiting for a few years. Sometimes the investments we make do not match what we have predicted so we have to decide when to sell them and cut bigger losses later. So, for beginners it is better to observe and analyze the suggestions from several people before deciding to invest.