I don't know about you but for me I will only hold coins for long term if we see a unforgiving bear market ( better buying opportunity ), I believe bear market hold the key to long term holding, I can't buy coins at high price sorry ( present market is buying at high price) and decide to hold for years, I will only buy now to sell later ( short term ).. stupid idea? Let's hear your thoughts
Well, for me it's a stupid idea indeed, and I guess that when CZ said "if you can't hold, you can't be rich" he was directing that saying to peeps like you, buying at current market price does not necessarily mean buying high most especially, for a coin that has the potential to still appreciate in price.
If for example you buy a coin at 1$, and price pumps to $1.5 and you sell, what if after let's say 2 years, the price already climbed to $50 per coin, how would you feel knowing fully well you dumped your bag of that coin at just $1.5?
HOLD IS KING, and those who said it aren't stupid to say that.