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?
Long term hodling is not that good by the way, too risky when you have many tokens that you need to look at all the time. You can earn profits this process but it depends on the situation. If it is down trend and you're a full time trader, make sure that you will sell them before they reach the bottom price that will cause you profit loss. Sell them during the hype. If you cannot let go from those tokens you can still buy them in the exchange as the same amount as they offer. This is much better than lossing.