There's no need to hold altcoins in the long time I think that's right for me. I'll hold them in the short term. When they pump then I'll take profit. They will usually return to the cheap price when bitcoin's bearish trend. So I'm going to sell when it's a bullish trend, so I don't hold it for a long time.
And this is the right attitude to have, too many people have held their altcoins for a very long time and their results are awful, people have finally learned that this is not something that you do if you want to make money with altcoins, this is why in my opinion the cycle of altcoins has accelerated, as people made this realization then that meant that altcoins pump and dump even faster than in the past causing people to lose money even faster than before creating a vicious cycle.