As a beginner to this bitcoin market, I have understood that long term investing and holding is most beneficial to investors that short term holding.
But I being a beginner, I might not be affordable to hold too long because I have read about investors holding their coins for over 4 years.
Although I might be reprogrammed to long term investment in the future but I need to be practically convinced in reality based on what the market hold for Investors on long term and short terms.
As being speculated of all cryptocurrencies, they are all volatile so I am set to take my profits whenever I can and then the outcome potentials while I am Investing in this bitcoin industry would determine if I will have to hold for long. I don't think I will listen to all that advices of holding longer. We are only here to make profits and face our today's challenges and also prepares for future challenges. So I don't think that investors on the short term goals are at the wrong side because the Speculation of long term holding is excessively making it feel like short term Investors are on the wrong decision
The only person that can decide what to do with your money and that knows exactly what is going on your life is yourself, so if you think that right now it is not the right time to become an investor then you are right.
Just be careful, as long term holding is often the most recommended option because it is the safest strategy you can employ, while becoming a trader is many times more risky with a high failure rate, but if you think that is the correct path for you to take then do it, just make sure you know what you are getting into.