Last night I dumped 70% of my holdings of XRP into Dogecoing:00 today XRP is down -4% and Doge is up +5.13%......so even if you buy and hold, learn how to read the charts. So you know "when" to move your assets and "if" you should put them back...as much as you're buying and holding, you need to implement a mechanism to counter the effects of price drop in that particular asset you holding ...Eg, for me now, all I'll do is buy back my XRP in increments of 10%, so when the price drop is done I'll have more positions and have acquired more XRP since I'm buying it back with Doge (more valuable due to daily price increase) .......
The downside to this position scaling technique is that, what if the asset doesn't rebound and go up in value again after you've bought it back, in my Case XRP. That's why you need to then analyse the fundamentals....
