Holding bitcoin for long or at least until next pump is right decision. It wont harm the investors. Waiting is the working method here. The amount of profits that can be gained from bitcoin depend on the duration of time for which a holder keeps it in pockets. If someone consider this choice a risky one, they have the option to learn about bitcoin and then make decisions to the best of their knowledge.
There is nothing bad about holding for those who want to have it as an asset and we know that asset is meant to grow, but there are other important roles too that we need to play if we really want what we are holding to really continue to appreciate naturally and not all these increase that we are seeing through all these manipulation.
The best way that our asset in bitcoin can really grow is if we are also using it as payment and not just holding it, we could have a portfolio where we have some of the coins for investment, but it is necessary that we also have another portfolio that we can be using to make payment through the bitcoin system because that is the best way to actually expand the network of bitcoin that will be responsible for demand of the coin.