HODL, which stands for "Hold On for Dear Life," is not necessarily a good long-term strategy for every cryptocurrency in trading. While it has been popularized as a buy-and-hold strategy, it may not suit all situations.
Cryptocurrencies can be highly volatile, and their values can change rapidly. Some cryptocurrencies may experience significant price fluctuations or even become obsolete over time. Therefore, it is essential to conduct proper research and analysis to identify strong and promising cryptocurrencies to hold in the long run. A diversified investment approach that considers market conditions and individual project fundamentals is often advisable.