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
Whatever works for you pal. Instant gratification isn't that all for me but it's gratification nonetheless and you're still looking at a couple hundred dollars at best, all without the risk of losing it on a coin that you held for long term. However, if you really wanna get the big bucks in this industry, holding for the long term is where it's going to be at and you just can't change that. These shitcoins that you invest a couple hundred dollars then dip when you already gain substantial profit are good for the money, but what they don't have is the security and the longevity of a trusted coin like bitcoin per se, making these long-term cryptos a no-brainer most of the time even in beginners who have jack shit knowledge about crypto.
Still do your research, find which investing style works best for you, and always learn more, stagnation is the ultimate death in this industry enterprise and investor wise, if you stagnate and keep the same thing going for the longest time, you're bound to lose a lot of money.