Yes I agree totally with you
But regarding holds, you need to make sure you know the type of altcoin you hodl because some coins will definitely crash back the way they mooned and leave people that holds confused disappointed and angry
If you look at the case of ZCG, it once mooned to 3$ ; a lot of people incl. me had high hopes
But now ZCG is gone abandoned and over with, which leaves hodlers in debt or loss

So make your choice
Choose wisely and invest wisely too