Holding for long term can be worthy if what you have is good or is a good prospect, then it would be worthy. If you want to hold for long time, make sure that the coin you are holding is not a bubble.
Yes you are definitely correct, thats the first and most important factor that need to be consider before going to hodl for a long time.
But my question is how are you sure that the particular token/coin is worthy and not a bubble.?