This tactic only works if you have correctly identified the coin for the hodl. In most cases, newcomers buy altcoins and hold them, mistakenly believing that they will necessarily increase in price. BNB is a really good coin, especially for those who trade on the Binance exchange.
If identifying the correct coin is easy many would have made a fortune, i am really glad that i was here from the beginning and where ever you put money you will land in a huge profit and when the altcoin market started everyone was doing the same and made a good profit and that is the situation when the ICO market started and i stopped investing when the scams started hitting left and right and like everyone i lost a lot of money and now it is not that easy to find the best projects.