You right but if Long term investments have less risk, but you need to have enough funds to be successful. If you don't have adequate funds you can't hold on to your investment during tough times. Therefore before making long term investments it is important to take care of financial stability. By having backup funds you will be able to focus and hold on to your investment during market swings and unexpected expenses. Making long term investments with less funds can be risky and you may fail to achieve your financial goals. Hence it is important to take care of your financial situation before making an investment.
Financial stability help us to be long term investment but if still get problem with financial condition not easy to be long term holding investor, most all long term holder have good financial condition and for them hold bitcoin or some altcoin more than several years later and increasing much profitable is not problem during have good financial. If trading as main source income make us have to earn profit in short term trading and need to earn profitable every day without hold for longer time.
Need large fund or back up fund if want to be long term holding, not have to sell with investment assets for recovering with our daily needed and long term holder get more benefit how potential profit earn if become as short term trading just take few percent profitable.