After this was created, I mean the topic, the price of polygon dropped significantly, to be fair the market isn't that great neither so there is nothing shocking about that, but it goes to show you that you shouldn't make judgements based on just a few stuff, that will not help you at all, and you will end up losing a lot of money because of it. I suggest that you end up doing something more decent, and thanks to that you should be making more money if you look at the long term.
Making a long term investment requires you to look at long term in the past, if you look at previous 1 month and decide on a 5 year hold plan you will not make any money, but if you look at previous one year and decide to hold for a year, that should help you a lot.
Although I am investing here thinking of long term but this polygon(matic) is making me panic. Anyway, I will hold all the polygons I have.
Never treat your altcoins in BTC way.
I mean no altcoin is good for long term holding. Probably you may try swing trade with your altcoins if you are able to predict its cycle and its bottom. Other than this, DCA or long term holding will not not fetch you good results unlike what bitcoin will definitely get you.
You may gain some profits in long term holding of your altcoins but that must be only in USD value but definitely not in BTC value. So, the better strategy could be converting into bitcoins when your altcoins investments are in profits and then waiting for bitcoin halving and then bullish year of bitcoin to enjoy the real profits and to get ready for catching the bottom of good altcoins.