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
Let me say you sounded smarter than most people I've read their post on this kind of discussion, and despite just starting in the crypto world, it's highly possible you've had some experience with investments to make you know these and face the reality. What struck me most and which I had iterated many times on the forum is the fact that it's money/profits we are after and not something else. But people here mostly take things personally, which has not been yielding lately like before. No doubt, Bitcoin has had a very good start, but it may not continue like this anymore, especially when it is now acting maturely like other assets in the financial market, and has been better controlled by institutional management unlike before.
This calls for a restructure of mind and view about it and not particularly about holding for too long again. There is nothing wrong in holding it though but for those retail investors who want to maximize their earnings, I don't think it is a smart idea to do so for now judging by its recent reality. It's time to admit that past glory can't determine future outcomes, change is what is most inevitable in this world. So, if it is the short-term investment that suits you, my friend, please go for it, after all, it is the best practice to earn with the recent behaviour of Bitcoin.