All or just some?
No clear evidence that labeling all points is better than only selected ones — the research shows no substantial difference.
Too much confuses
Too many, too finely differentiated labels can confuse respondents when terms can barely be told apart (e.g. "somewhat positive" vs. "fairly positive").
Decisive: clarity
Avoid ambiguity. Clearly name both poles, and with an odd number also the midpoint — it must be clear which continuum the scale represents.
Little space
Reduced labeling is especially useful with sliders or matrix questions, where full labeling quickly becomes cluttered.