This recipee could be a thing of the past. Nowdays it may be better to look for opportunities as lots of talent is going into the market. Do you still think of becoming a millionaire by hodling?
Of course, this is really beneficial if you choose the right coin. Doing some market analysis in the last week, you'll get time to get started.
And always remember the word "Opportunity does not come twice", so do not wait for the lowest price because it does not exist.