Earlier quoted context omitted.
> Don't update dependencies unless necessary And get yourself drowning in insurmountable technical debt in about two months. JS ecosystems moves at an extremely fast pace and if you don't upgrade packages (semi) daily you might inflict a lot of pain on you once a certain count of packages start to contain incompatible version dependencies. It sucks a lot, I know.
> daily Somehow we've survived without updating dependencies for probably at least a year.
Other than that you now probably have an insurmountable technical debt and upgrading the dependencies is a project of itself.
All the above applies to JavaScript world, of course. It's much different for the rest.