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Now to be honest I never actually began reading any completely translated novels aside from one at the very beginning. I've actually finished quite a few books that were still updating whilst I read them. There was even a point in time where I followed close to 20 books at the same time.

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The main reason people choose novels that are still actively being translated, is because there is more of a connection due to how you're able to see the story grow. You'll be able to chat with other fans and concoct wild theories, all whilst knowing the series could live on for many years to come. You also know that the series can develop in numerous ways since it isn't set in stone yet.

Also just the impression that an active story is newer although that isn't necessarily the case.

Everytime you finish reading an extremely long novel, you won't really feel a sense of accomplishment. You might feel like you just lost a great pastime and or even a bit empty. That is especially the case if you are a binge reader (the only type that could theoretically finish those kinds of books).