this is a good strategy for those who don't want to do or monitor the market on a daily basis, they will buy then forget about it in a few years then reap the rewards, but not suitable for high risk altcoins, and it is recommended to buy low risk coins, maybe top 10 better marketcap.
No matter how you want to make money from the market, you must have a good strategy for you to be a consistent and profitable trader. You need to take your time and know what you are doing as a trader so that we are not going to be losing consistently without making good profits. Trading need more understanding of the market than we thinking of making consistent profits from the market.
We need to hold if we are investors for we to make more money from the market. Now that it seems like Bitcoin is on a bullish trend, we need to buy low so we can earn big when thw bull market comes.
Reflecting on myself, where I am busy with office work every day, so I choose long-term investments and hold them while waiting for the bullish season to come. therefore by holding it I do not disturb my daily routine. Instead of short-term trading, where I have to fully concentrate on paying attention to the market, I think it will interfere with my activities. but these conditions may be different for other people, who have knowledge about trading and have free time