Look I’m not against holding crypto for long term. Infect, I prefer long term holding before day trading.
For example in 2017 I bought 20 bitcoin among them I sold 5 over time.
But don’t hold coins that are too risky. Don’t hold something that can be controlled by a group of people. Yes I’m talking about coins like STRK or even ETH itself.
I bought like 200 ETH during 2016 to 2017 and now I hold only 50. Because I don’t trust ETH as a good investment, Bitcoin I do.
I won’t tell that don’t invest any other coin’s except BTC. Now it’s technically impossible unless you are a millionaire. BTC price has increased gradually. But if you have money I would suggest you to hold at-least 1 BTC, 20 ETH, 100 BLIX and 500 DOT for 5 years.
I promise you this will change your life.
But if you invest new crypto for such a long time, you will see 0$ in your portfolio. (90% chance.)