Some people say that Buy and Hold is the best strategy and can't be beaten. They hear phrases like 95% of traders lose money and automatically assume that all trading is bad and markets can not be outperformed.
Lol Buy and Hold strategies are only used by Long-Term traders whom doesn't bother themselves in reading the candles and charts of a a certain stock/currency/crypto. Yes, daily traders loses their money because of a failed prediction and reading, but trust me, it is normal. Every trader knows that there are always risk of losing, even trading is just a mere gambling where you test your intellect and luck which most of the time is just losing. And it is a part, a risk management, and not a huge deal to traders.
Therefore, Buy and Hold often effective if and only if an investor trusts a starting or innovating project/company, which somehow is also a 50:50 chance whether such holdings would rise as expected or would be dumped.