Hey 
I once came across a time when I was unsure where the market is going to take us , thus I brought at a very high price , unfortunately the price came down as quickly as it climbed up.
The reason I believe I haven't lost even a single penny is because I believe you cannot loose when you don't encash.
Therefore I still believe holding for the long term can actually help you .
Now i understand what you mean by encash and I strongly support your claim, I once have a token am still hoding on to till date, I bought as high as 10usd per token and it fell to 4.5usd per token, but I haven't loose my investment as long as am still hoding on to my token. HODL!!!I once came across a time when I was unsure where the market is going to take us , thus I brought at a very high price , unfortunately the price came down as quickly as it climbed up.
The reason I believe I haven't lost even a single penny is because I believe you cannot loose when you don't encash.
Therefore I still believe holding for the long term can actually help you .