Thirdly, don't panic when the market dips. It's natural for prices to fluctuate, and this doesn't necessarily mean that the crypto you're invested in is doomed to fail. Take a step back, evaluate your investment strategy, and make informed decisions based on your goals and risk tolerance.
I always say this, and i'd reiterate once more, this point actually depends on the cryptocurrencing you're hodling. If it's Bitcoin that's a long term coin for example, then your advice is correct, there is not need to panic since it has proven countless times that it would definitely appreciate again because it has an actual utility. Mind you that if it is altcoins you are hodling, you have to be much more careful hodling it for the long term, and stubbornly hodling it after a dip, quite a lot of altcoins are pump and dump coins, and you should always be ready to sell them, either when you have made ROI, or because you want to cut your losses when it starts to dump.