Next year will be my first bull run and have just been thinking about what will be best to do when it finally arrives next year.
Do you plan on just holding till an amount you are happy with or is it a good idea to try and trade altcoins whilst they are pumping to earn even more?
Just holding won't bring you a profit. To avail the profit on a bull run you need to sell. But selling everything early would make you most of the profit earning opportunities.
Bull is a time when buying at any price point can potentially make you a profit next day. But there are risks of you buying at the top and not being able to sell when it crashes.
For these reasons, we need to have a safe approach. It comprise of selling your holded coins on small batches, starting from a reasonable price point to greater than the last time's all time high. Keeping most of it in fiat based currency, reinvesting the rest profit looking at the technical movement of the coins. So, you need to both trade hold and buy.
You have a point here, but sometimes it is also misinterpreted by other beginners because they often read or someone tells them that you just hold and earn without any definite explanation. Then the investors will believe, even if they don't know how to choose a crypto to hold.
Even if we say Bitcoin is what they buy and hold when they see that the price of bitcoin has suddenly dumped everything, it is usually among the uninformed investors that they panic and push them to sell suddenly because they don't know anything, so the end result of holding is useless; I just thought nothing.