Bag holding any altcoin is the worst thing anybody can do specially when you are talking about a long term bag holding for a supposedly "bull market" that may never come. Because during the very LONG period of time that you are bag holding, that altcoin will continue to dump slowly but surely.
Just look at any altcoin in long run. From etheruem that is the biggest and most popular shitcoin and was once worth 0.15BTC and now is only worth a small fraction of that all the way to the most unknown shitcoin. They all get dumped.
You should only get into the altcoin market when the pumps begin and sell to get out before the dumps begin.
You're absolutely right about the risks of bag holding, especially with many altcoins slowly losing value. However, labeling all altcoins, including Ethereum, as 'shitcoins' misses the bigger picture. Ethereum, for instance, has built a robust ecosystem with real-world applications in DeFi, NFTs, and smart contracts. While timing the market is crucial, some altcoins with strong fundamentals and continuous innovation may offer long-term value beyond just speculative trading. It’s more about evaluating the project’s use case and development activity rather than simply relying on price action.