Here’s an argument against hodling:
Litecoin reached an ATH of $40 in late 2013, just before Mt. Gox went down. Within 3 months of the event, its priced collapsed to $2-3 where and it traded in the $2-5 range for the next four years. It finally hit that ATH again in 2017 when Coinbase added it to its exchange. These were the top altcoins at the time:
Ripple: One of the few alts from that period that are still around. Prior to the crash it was trading around the 4 cent mark, after the crash it traded between 0.2 and 0.8 cents (that’s tenths of a cent, not cents) before falling below 0.1 cent in 2015. From then on until 2016, it traded as low as 0.02 cents to 0.15 cents.
Peercoin – was trading at $7.58. Is still around today but it took 5 years to recover its price and it only happened because we went parabolic in January – literally the peak of the bull run.
Namecoin – Ditto.
The following coins are gone: Megacoin, Worldcoin, Feathercoin, Zetacoin
Some of them might still technically be around but there’s so little activity in them that they might as well be considered dead.
Consider that for all you alt holders out there.
The people still around from the 2013-2016 bear market who were paid off are largely people who held Bitcoin, Litecoin and Ripple – that’s only 3 coins. Even if you got into some of the other alts at their 52 week bottom, you didn’t benefit enough to justify setting aside money for 4 years. If you were lucky enough to grab Monero, Dash or XLM in 2014 consider yourselves lucky as well. Add in Ethereum for 2015 entrants, and a few more for 2016 entrants.
If you’re noticing a pattern here it’s that at the very beginning of the bear market, most those alts simply died or got phased out and newer alts took their place.