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.
What do you mean by not suitable for high risk altcoins, is there altcoin that doesn't have high risk in the market and what I even learn from risky altcoins is that they have high profits when you are patients and hold for long time. It has been proven that in crypto, if you want to make it out here, you have to hold and have the patient even if people are afraid and panic selling their coins, there is reward that comes with that patients when it is time for bull run because that is the best time to make big figures and escape poverty life.