Absolutely yes your thoughts are correct. Buy a coin that has a possibility to increase someday and trusted too. Because of so many coin you need to be wise in choosing a coin to invest and hold.
The wisdom comes with the knowledge you have about the space since there is no way you will be making good decisions without it anyway. Holding will work in favor of us only when the entire crypto market is into positive trends. For example, people who are holding from last November month, definitely will not have positive results.
With the HODL strategy, you will not have to worry about what anyone is saying about the current situations in the market and you just know that in the long term, with a very huge demand for it, it is definite to see it go huge and that is certainly what you are looking forward to. With this, it makes it easy to find very strong potential coins or tokens that would be an easy hold.