Bitcoin Forum

I have heard many people say that never sell for a loss but what does it actually mean ?

Assuming you have bought a coin at $10 and the price goes down to $9 but you don't sell.
You could have placed a stop loss at $9 but you take "Never sell at a loss" so seriously that you decide to not put a stop loss.
The price goes down to $8 but you are too good at HODL. Suddenly the market crashes and the price goes down to $5.
You could have limited your losses at $9 but now your portfolio is down by 50%.
Now the price has to go 100% so that you breakeven with no loss no profit whereas you could have bought back at $5 and gained potential profits using a stop loss.

This is why I think "Never sell for a loss" is a myth and we should always use a stop loss and play safe with a good risk to reward strategy.

I guess it depends on who is saying it.

It works for people who see the long term potential of a project and they could DCA every time it dips. They also understand the market's big picture and not bothered by small movements.

There are also people who would say that but are actually pretending to be diamond hands. They were caught buying at the top (or near it) and refused to sell until the price keeps crashing down on them.

You see, you have created your perfect scenario for your action to make you a profit.
What would have happened if you would have bought at $10, the coin dropped, you sold at 9, then it skyrockets to 20?
The guy who didn't sell has a profit of 100% you have a loss.

Your scenario works perfectly if you anticipate a larger drop, this indeed happens and you manage to sell near the top, if it's just a small dip just enough to trigger your stop loss then you lose money. In middle September the price was 44k, it dropped to 40k, enough for your 10% sell, then it went all up and up till $66k.

Thats the catch here. If such a scenario occurs we do make a minor loss and lose the gaining opportunity.
But if we keep repeating this then we could at least gain profits in few of the trades.
Lets say if we keep a stop loss of 5% then we could execute 10 trades out of which at least 2-3 trades would lead in profits.
So eventually we will be in profits compared to one shot loss of 50%.

What do you think ? Am I getting something wrong ?

Always open to learn new stuff.

The ones who could read the chart I guess will decide what's best to do when the prices go downwards. If they see the price could go further below $8, maybe he will sell and then buy back at $5. He would prefer to do it that way by taking advantage of the bear trend. Having more coins worth $5 each will make the trader profit still after it if the price pushes up again. But If it's an altcoin, it might not be about the myth which somehow only applies to BTC.

Stop loss is the key. It has always been when it comes to trading coins and tokens. I remember the time that I was still into copy trading. Although that most of my copy trading campaigns are at a loss, I always make sure to set stop loss. Same thing with futures trading.

It depends on situation since there are short dumps which one of best example that we shouldn't sell for a loss since it will recover anytime once many people stop to dump their coins, But if we see something huge just the same these days then its good to sell then execute a buy back since from this we can recover for what amount we supposed to lose already. But this is hard to do for newbies since mostly the one they do is sell and leave then regret once bitcoin pump again.

It depends on what coin we are talking here. Buying at $10 even though it dipped to $2 doesn't mean that it won't rise up again, it could even surpass the $10, if you bought a very good coin then not putting a stop loss won't hurt. However, if you bought a meme coin, then it's really pretty alarming not putting a stop loss and getting always updated.

But it's all about how you will manage the risk you'll take when you bought a certain coin. High risk high reward is worth it.

Fundamentally in case your stock is down 15% since you gotten it doesn't selling it imply that you haven't lost cash?
I used to think YES to this, however presently acknowledge I was off-base, extremely off-base I understood that I ought to rather pose the inquiry contrasted with other stock freedoms does this position offer more potential gain? The way that it's dropped in esteem doesn't imply that it will return more or quicker than some other stock - this was the psycological botch I was making Obviously in case I actually have confidence in the organization, then, at that point, there isn't motivation to sell however the main explanation I ought to choose to or choose not to sell a stock depends on the expected potential gain from that position assuming I bought it at the current cost

Selling at loss is normal for those day traders and short term holders. They don't want to see their portfolios at loss and that's why they result in cutting it.
I do agree that never sell at loss but if you think that the coin you're holding is bound to do more dump then that's the time you need to act on for you to mitigate your losses.

never ever trade without stop loss especially if you're in a very new coin that making hypes in the market because it has a chance to make a rug pull without knowing.. And also don't assume too much when you're trading wherein must follow your strategies always and dont move your stop loss to prevent regrets, because to be honest that's the common mistakes of every new traders nowadays, so be smart enough mate..

I do understand that point you made on the thread but I think really that any trader who can have the mystical powers to see the next market direction won't hodl a falling knife. Yesterday barely two hours that I chart btc price and checking later to see price crashing to $46k from $ $55k +, such is good and easy profit. Now why many hodl is not to lose the big bull because sometimes after dumping, you see price increase. Whichever way is part of the trade of cryptocurrency, it can profit you or you lose. It is uncertain market that is highly driven by news and sentiment.

And from trading your on to gambling, you hope that you make more winning calls than losing ones so in the end even if you've incurred losses your profits are larger than that.

Now, the big question, for this to happen constantly and for you to make gain this way, the coin would need to always end in the positive territory, with a gain higher than your initial purchase price so the profit from buying at low would cover the loss from the dip, meaning holding would still be profitable, so...what the point of gambling when you could just hold?

That will happen to bitcoin but it could happen to altcoin but only with the altcoin that can increase back.

Let say you bought a coin at $10 and the price goes down as you say. You will not lose the money because you are not selling the coin and your money is in the coin form, which you can sell it back once the price is higher.

If the price suddenly drops to $5 and that coin does not have a bright future, you lose your money without seeing the price can increase. But if you hold the right coin such as bitcoin, ethereum or other, you will have a chance to see the highest price and I guess you already saw what happened to bitcoin, ethereum, and other potential coins that can hit the new ATH.

"Never sell for a loss" will depend on your strategy because for me, as long as I can hold bitcoin or other potential altcoins, I can make a profit back in the future, plus I can get my initial money. So it is normal if we have different opinions about "Never sell for a loss."

We know that we could still able to recover our losses if we do tend to held those coins off in our wallet which is definitely possible but would have that indefinite time on when it would happen and its up to someone if they do cut lose or had make out some panic sell.
This is situation somehow which it isnt a surprising condition or situation because decisions will vary on each persons
decision whether which one they would choose up.

It's hard for me to understand that people think they can get rich by trading, or at least make some significant profit - and we know statistically that there are about 5% of them, or maybe even less. Daily trading is something that many prefer and try to make a living from, but it is just one type of gambling in which most still lose in the end.

Long-term investing is much safer and more profitable, and it is definitely less stressful. When I saw that today the price of BTC dropped by as much as 20%, I was not happy about it - but if you invested around the last halving when it was the perfect time for it, then this has no effect on you.

I don't think this phrase is a myth. On the contrary, there are people who just bought a crypto asset and are waiting for its price to double or more, for example. I think they do not need to worry about what is happening on the market, they have a goal and they are waiting for its implementation. But your words also make sense, because I use the stop-loss function, there is probably an opportunity to earn faster, but this category of people includes traders, and those who are just waiting are investors or hodlers. So there are simply several options for achieving this goal, that is, making a profit, only different groups of people go to this goal in different ways.

This where good capital becomes too intensive. With good capital and a long term hold fluctuation in price wouldn't be too much of an issue. Applying stop loss is only adviced for small capital investors so the market doesn't crash and wipe off your capital but with good capital stop losses might not matter much especially for good projects where a correction move is certain after a deep crash

Trading is a strategy that requires a precise and dynamic plan that gives a good view of all variables and therefore "Never sell for a loss" is considered a general term. After calculating the taxes, the profits may be useless, and the absence of a plan ( I bought at 10 and will never sell under than it) may end up losing your entire capital "especially in altcoins"


Read more ---> https://www.investopedia.com/articles/stocks/09/use-stop-loss.asp#:~:text=A%20stop%2Dloss%20is%20designed,and%20trigger%20an%20unnecessary%20sale.

If you don't want to get bogged down in too many details, buy bitcoin and hold it for more than 5 years.

The problem is we don't know when the market is gonna be bearish and when it's just a bear trap.
Sometimes when we already placed a stoploss and wait for more dip the price bounce back and we lose a chance, so i think it depends on the type of the trader itself. If the traders are planned to hold for 5 years, i think it's okay if they hold it even it's in bearish time. But for daytrader it's really important to place a stop loss.

Interesting arguments in the replies lol.

tl;dr It's going to totally depend on the asset you bought. I'd say "never sell for a loss" when it comes to BTC. But sometimes, if you bought a total dogshit coin for a short-term trade just to hopefully immediately sell at a pump but instead it dropped, maybe it's better just to take the loss.

It actually depends on who's selling since not everyone are dumb enough to sell at a very low price. So, the "never sell for a loss" might depend if the current market is going to go down just like most altcoins that's been using hype to pump the price. Then you're a bit late and you can't take your profit back but you can still take some of your capital by selling at a loss. Holding Bitcoin is different if you sell it like what the example of OP, I think it's just normal you suffer some losses since not everyone is too perfect to not make some mistakes.

Only weak-hands will sell it at a loss due to panic instead of holding.

You are ignoring one key point here i.e. at what price you bought the coin. If you buy when coin is at ATH (which is not a good strategy) then definitely you have to sell it as soon as market crashes since there are chances you may struck for longer duration. Key point is you have to wisely choose the price at which you buy coin.

This actually depends on person to person, some people are traders, for traders, having a stop loss is very important, you cannot even trade without a stop loss in your armoury, but for the investors, the issue is entirely different, for them it's about holding good positions and carrying those positions to a time when everything just skyrockets, the investors should never ever sell for loss because they aren't active every day in the market and once they sell, it's not necessary that they will immediately find another opportunity to enter the market at the correct point. Traders, on the other hand, should definitely have a stop loss because, for them, every drop can be a potential entry, moreover, their capital is all that they have, if they lose it they will really become zero. So it depends on what you do, there is no one universal truth.

Trading actually needs real-time experience to take a real-time decision. Sometimes should sell even in the loss to prevent a big loss. I learned it from my previous mistakes. I know every trader has different strategies to make a profit. But preventing loss is one kind of profit if you can buy back in more dip. I had bought a shit coin and didn't sell it at a small loss and eventually, I lost everything. Almost my portfolio become 20X down.

So I won't agree those are thinking never sell in the loss. A shit coin I am holding for 3 years due to the thought of never selling in the loss that drives me huge loss eventually. Always important to take real-time decisions based on the situation.

For me, I do not prefer a stop loss, but I also think selling with a loss is better than continuing to lose, I mean I do not use the stop loss button, but I monitor the coin if it continues to fall, I sell 50% and then buy back from the bottom, and so this process can be repeated with each Falling so that you eventually get a low loss rate by buying from the bottom and increasing the amount of coin you own.

Many are afraid to sell at a loss because they still believe that the market can recover same thing on their holdings and there’s nothing wrong with that, we just have to respect that decision to keep on holding. For me, we all have different strategy and I personally have that stop loss level to secure and keep my money safe because I can always buy at the bottom price and this could be more profitable. Re-access your strategy, cut loss is something that you should understand more and don’t take it negatively.

The problem with some traders is that they take stop loss as nothing but not so important which i think is very important though because it will help us to minimize the losses that we are going to experience. Although this is not applicable at all times but for me, its best to set stop loss every time you plan to sell your coins.

However, the myth "never sell for a loss" is definitely true for all investments. But if we can create some preventions not to lose that much like having a cut loss or stop loss is never a bad idea as long as we are taking it on our own advantage.

you can get insights if you need to sell even at a loss if your instincts is saying that coin will continue to go down as the team has no plans of developing it further. you will get a hint if you are following their social media channels because some discussions are mentioned on those channels and not published on their site or thread. so even at a loss, you need to sell it to cut your losses. because in most cases, the revival of the project is hard esp if the team behind already abandoned their project.
better act fast and dont wait for miracles to happen. once the team leaves, you're screwed if you keep holding your coins.

^ That is how the volatility of BTC works! We never know what will the result be ahead or even there is no button waiting for you ahead.
I will not prefer the stop loss because I can able to hold my coin for a long term until seeing my BTC was double the price from the time I was invested.
Sometimes we should understand that BTC investment needs time for us to gain profit, we should adjust whatever happens and hold it. If most of us were able to hold even 5 years before, we surely gain profit folded so many times by now.

Certainly agree with that as not all coins are meant good to hold for the sake to earn money but many of them are worthless. If I blindly bought coins that obviously have no chance to make a profit, I will surely sell them right away even I will lost them. I tend not going to sacrifice my time waiting for no hopes but instead to diversify my portfolio and start again. This seems to be the best deal with these shitcoins, I guess.

I must be honest with you and I thought he meant the opposite, that you asserted that selling at a loss was a bad idea. In reality imo is not a matter of myths, it has to do more with the availability of that money or having such but so reliable information, like a crystal ball, and I am not exaggerating, that is, if you have The certainty that an asset is going to sink is sold at a loss regardless of the strategy you have.

But regardless of the above, it is a financial movement, which on a large scale of investment saves you from bankruptcy or from losing a lot of money, it is that simple and consequently its application is very useful.

At some point, at any moment in life is sold at a loss...it will happen.

It's funny how people take "Never sell for a loss" the wrong crucial way. Matter of fact, these same set of people are the same exact entities that wouldn't still take profit when their positions opened does 1.3/1.5. Substantial profit aiming kills lot and that's why they could never be consider a trader anyway because they don't get to stay that long.

Trading with no certain outcome is more like gambling you future towards a situation that couldn't give you good outcome. It's very important to take precautions rather than having multiple choices, because we may end up loser in the end.
If you're doing trades in a spot, there's no room for you to lose because you already figure out the current value which you're going to take. Don't risk on placing orders, it can be frustrating when you can't get the exact price target.

I don't believe in this theory that you shouldn't sell at a loss, this is a dangerous theory, there are many situations where a person needs to sell to reduce losses and buy lower to sell when the price increases a lot and get a high profit... no one can guarantee that the price will always go up, who can guarantee that? nobody!

If talk about spot trading, for me that is why i am not use any capital. If the condition is really bad then i will split capital into 3 levels anticipating if more dump come, but if the coin still considered as good coin like what i buy in market usually big volume coin then in that $5 i will buy again, so only need average $5 and $10 / capital and usually don't need to back to $10 to get my ROI.

If you don't know how to accept a loss or cut loss, you are not a trader.
This is one of the many ways to be a good trader.
Always remember that 10% loss is better than 40% loss. If you are worry about your loss, always thing that there are thousands, millions trade opportunities are coming, as long as you still have the capital.

Yes, because when that happens it's not trading anymore. It's a HODL and you are becoming one of their investors that trust the process.
When it goes $5 using your example you will not be able to sell anymore. In short, you are locked in. All you could do at that moment is wait and hope that the price will go back as soon as possible.
It's a common error of confusing trading and investing. Traders will save their ass from more loss while investors will try to maximize anything as long as they are being fed by sweet promises.

Unless you are playing with money you can lose then you always need to have an exit plan somehow such as a stop loss.

Imagine seeing Bitcoin go to $69K and you bought the dip at $67K because people on the internet promised you $98K Bitcoin at the end of November. And it kept going lower and lower and lower and lower. And most likely you couldn’t take the losses anymore and you would sell at $42K like last time. If you used stops at like $65 or $64K and reevaluated your situation you wouldn’t be in this mess holding a huge bag.

I think you have to face loss as well as profit in the trading and you can't be perfect trader who always makes successful trade as there is nothing like that.Selling at loss means if you are holding btc or some good coin then selling them below your investment levels is loss for you which can be avoided but there is difference of panic sell as you are just selling due to some FUD.The trading always goes with profit/loss so gain experience from your past mistakes.

If i buy a coin with $10 and after my buying if this coin price is $9 then hold is better option. But if i see that for market crushing it price has $9 then i think sell is best option becouse have 95% chance for re entry, means i can buy again this coin with low price becouse in every market crushing all altcoin is down 15-40% also i want to try this strategy for every crushing.                 

There is a popular saying I heard when I was in equity trading that "Market goes no where, only your money goes". Its true in crypto also, if you dont have nerve to see the market in RED then never trade. We all want to see our coins, stocks go in up and up only but in reality its not possible. Even if you see BTC price pattern, it always recovers its price. All you need is patience.

Stop loss is very important to be on a safer side if a stop loss is placed at $9, on many occasions price of bitcoin crashed with a high volatility in a jiffy the price is already in red with reference to recent dump on 03/12 of BTC/USD obviously this will lead to liquidation of account of many future traders especially high leverage traders.
When Stopped out by the price and I move on and wait for another opportunity to open and place another trade because I had been hunted on several occasions as a margin trader while trading without a stop loss.

I agree with you that never selling at a loss is the wrong advice. If we follow it without thinking we can be stuck in a lot of bad investments. There are two reasons why an investment can drop in price. First, the overall market is tanking and sending every asset down. At this point our investment can still be a good opportunity and selling is a bad idea. The second reason would be that investors lost confidence in the investment. At this point it would be better to sell because we don't know if it will ever recover.
To say never sell with a loss limits our actions to much. As good investors and traders need to think freely, without having past losses in our mind. Also we can get tax benefits from a loss and offset future gains to save money.

People get carried by their emotions and this might affect their decision making this is the reason why investment and trading is part of the risk to losses an assets. This is a common mistake and regret me its ideal to have a trading plan not all the time we can assume that this coin might get a good comeback of an asset sometimes cutting losses is one of the best decisions too.

I do understand what you are trying to say, having a stop loss is a standard procedure when you are trading in any traditional market as the recovery might take a long time, but when it comes to cryptocurrency market, the market can go in either direction and will recover in a short period of time, so i never dare to put a stop loss in cryptocurrency trading, but if you are aware that a major correction is going on then you can sell your coins and wait for the bottom.

In this case if you lose more than 50% in a night it's better to observe the market first, wrong move then you really lose 50% in a night. But it's different story when the coin you invested lose 50% in a night then you HODL to recover to minimize your losses. it's good to put stop loss function when the coin only lose about 5-10% because it's make you to think about the next strategy about the coin movement.

Indeed, we can't assume that everything will be okay and we can just only make a profit over losing some. But unfortunately and in most of the old stories by the investors and traders, they experience losses even they are careful. We could think that there are no exemptions to this and we all have to face the reality.

That is why before investing, we must be aware and must prepare for the consequences we face later where losing is one of them. But I guess we don't weigh this as the reason to stop, instead, we consider this as a reason to get more aggressive and to further enhance market knowledge.

It is very important. In general, if you are confident in your specific prediction, you need to stand up to the end.

Things will depend on how we believe in our holdings or how we predict the next movement of it. We could base things on how we do technical analysis and on what we want to achieve based on our target goal. There's no specific price to sell and no specific time frame because we all have our different goals. Crypto investment has lots of risks and our profit would depend on how we're going to deal with every market situation.

You forgot the essential thing.

to accumulate by keep buying everytime it goes down!

so your 'never sell for a loss' might be more worth it.
as you are going to grab profit after profit , no matter how low it goes!
if you have an experience doing this , you'll know how satisfying it is when it goes backup and you are on top of the moon!
give it a try and tell me again later how's good is that.

p.s : you need a tight money management as you cant continuously buying allin one but partially.

I like your post because what you said is just the fact, but think about you buying a coin with 10$, then you set your stop lose at 8$ and it got triggered and that hitting 8$ the coin pump back to 10$ then 15$ then 20$. Don't you think you will endup regretting why you use stop lose.
Seriously am not against using stop lose, but I don't know if this is happening to only immediately my stop lose have been triggered, then the coin will start pump so I later noticed that using of stop lose is just like wasting of money then I stop. actually some people use it and it works for them but I don't have to follow other peoples strategy, I have to follow what works for me so I don't use stop lose again, but I always advise newbies to make use of it because they don't really know much about market yet and they might not have the mind of seeing there money reducing.

It would be a never ending speculation and movement presumptions yet this market is always been unpredictable and ever you do make out some decision then it will vary or depend on something you do believe whether it do goes for technical aspect or would go to
fundamentals and that would surely vary and selling for a loss? You cant really say such thing because human beings
are way too emotional and  also it is really easy to be influenced.

It depends on how you look at things, since this is something that people actually do then it is not a myth but a reality, however if you are a trader then I agree with you, this attitude of never wanting to sell whatever coin that you bought for a lower price than what you bought is a mistake, and I think this comes from a very strong desire people have to be right, not understanding that in the market the most important metric to measure your success is not how many trades you have won or your accuracy rate, but the money you have earned from the markets.

Well, bring advised never to sell at a loss I'd not a myth in my honest opinion, but we all should also know that sometimes, selling at a loss is the only way to prevent loosing more money most especially, when a project isn't doing well at all.
And for project that turned scam, you can't continue to hold just because some one told you to never sell at a loss, if you continue to hold in a situation like this, you definitely going to loose all your money.

After talking about selling at loss, people don't buy and accumulate when it's necessary during the dip. They don't buy on that time because they think that it will go lower. Well, that's okay if they think that it's going to become lower, they can set their trades at specific lower prices and as well as set it if ever the price goes up if they're about to buy. But usually, many of them don't buy the dip and likes to buy when the price of bitcoin and any other altcoins is on top.

I've also experienced something like that, we feel sorry to be sold with the expectation that the price will immediately return to the top, but what happened was the opposite, and in the end I was psychologically disturbed and finally I couldn't think clearly. since then I have to place a stop loss whatever happens because of the experience I've had, even though sometimes after hitting the stop loss the price goes up again

Having a stop loss strategy is a must to avoid further losses. However I think it depends on the coins that you're going to trade because there are coins that are likely to have a huge dump and might hard managing to recover back.

But if the coins are established and proven to be profitable for holding it for long period then selling would not be needed. Remember that you cant get back what you have lost if you already sell but if you wait there's a chance to profit from it though it really takes time.

Hence, it depends on the coins and your tolerance seeing your assets losing in value.

I would assume that if you buy at 10 dollars, and it goes to 9 dollars, then you buy some more and now your average is 9.5, so you could make a profit with very little up, if it goes to 8 then you buy same amount and now you have 8.75 average, if it goes to 7 then you buy again and you have 7.87 average, and if it goes to 6 then you buy more and have 6.93 and by the time it is 5, you buy the equal amount and you get yourself to 5.96 levels.

It means, now you own a lot more, and as soon as it hits 6 you are in profit, and even more profit than you would have otherwise because you invested more as well. If it ever goes to 12, you are now in 2x profit, instead of your 10 going to 12 with just 20% profit. Isn't that better? Never sell for a loss is not a myth, and DCA is the greatest way to use that to your advantage and make money as well. I have done it for years, it has been working great for me.

I agree with you because sometimes i did that kind of strategy but it depends on a coin you trade. If a coin has a potential to recover and if you bought at $10 and suddenly the price drop to $9,$8,or $7 for me better to sell and buy back when the price continue to decrease to accumulate more coins but the problem is, when you bought at $10 and sell at $8 then suddenly price went up more than $10 for sure you will regret it. Crypto market is really risky that's why we should be careful and know how to analyse the market graph/indicators.

It was the same strategy I applied in one of my trades. I kept on doing DCA to a point where I was mostly out of money.
I didn't have much to invest more and do DCA and the biggest mistake was it was a futures trade.
Then the sudden market crash occurred and my trade got liquidated. I know I shouldn't have done DCA in a futures trade.
But I guess I learnt my lesson.

As a rule, such a mistake in trading is made by beginners who are psychologically not ready to fix a loss. Here it is necessary to understand to what level of support the price will decrease, and at what price it will be possible to buy the coin again. In addition, they lack experience and they do not understand that they will still have a lot of opportunities to buy a coin at a better price.

That's why crypto trading is not an easy thing to do, because it's not just buying at a low price and selling it at a high price. It depends on our
respective strategies when trading and also depends on the coins we use for trading. Therefore when trading we must do research and analysis
correctly, so that we are not wrong when making decisions. I agree that crypto trading has a very high risk, because the wrong decision will result
in us losing all our capital. Because there is indeed a limit on how long we have to hold the coins we buy, sometimes we have to dare to cut losses.
Especially if we are trading in new coins or shitcoins, then if the price drops far enough, we have to do a cut loss, otherwise we will be stuck in the coins
for a long time.

Well you are right, and those who also say that you shouldn’t sell for a loss are kind of right. This is a 50/50 chance, and you know why? Because, the market is uncertain. You can’t tell what is going to be the next move of that coin that you have invested in, there are times that you will sell your coin and the market will start going up again, and by the time you will try to get back, it will be above that $10 that you have purchased it before, and you will now have to buy at a higher price when you are not even sure if the price will continue to move up.

And also like you have said, the market can also go down and still continue to go down which would be a loss, if youdon't sell at all. So it’s just a 50/50 chance, if you know what is right at that time just do it. If a project seems right, then it might be worth holding it for long term, but if it’s not, then you might have to stop loss.

They would able to realize things up when they do have able to experience those things and able to realize on how things should be done. Of course we would really be minding about those fast profits on easy way then they would be finding it for it not to be possible.Never sell on a loss? Sound simple but there would be lots of factors
would really be affecting your decision on point and there would be lots of considerations when you do make out such decision.

That was because they think that trading doesn't need market research and full understanding. They mostly jump into the boat without backup knowledge of what they do next and when the bearish season comes, they easily got panic and sell their coins at loss. This is usually happening to newbies and it found no excuse until such the time that they will learn from their mistakes and correct them.

For the safety of our funds, don't risk on a specific decision which you can't afford to handle and deal with. Because if you continue to ride with the myth, you will not gain confidence on you trading. Profit shouldn't be rush, it needs patience and enough time in order to generate huge gains despite of many struggles that we may face all over time.

Apply this to bitcoin and that too long term. Then only you will see the impact and importance of the line. In short term what you describe might end up true and you would agree that more so in terms of altcoins.

It depends on the situation, like I said, altcoins in short term and sometimes bitcoin too shows similar bearish trends that you would feel that you could have stopped if you sold. There comes in the choice of going for a short sell. It is a tool that you can use if your are interested in while not spending your bitcoin asset but using fiat to bet on price decrease.

If you are a long term holder then you can ignore the downtrend because you know price will go up eventually, you just dont want to trade at a lower price. You would rather use fiat to buy at the lower price than stop-loss/sell at lower price.

Lastly, when it comes to shitcoins, just sell at whatever price you can, you just need to cover losses because those coins would never go up in the next ten years.

Never sell in loss mean hold for long term but its not always work because sometime we take entry when price is on peak and then down 10% . if not sold price down 50% or 100% like Shiba. Those people who bought shiba at peak and now 100% down, this phrase not work for them.
I think this phrase only works on top coins have high usecase like Dot,Eth,ADA,Sol etc.

If you are buying coins at a peak price, then that will be very difficult for you once you see the price drops drastically after you bought it. This is the best time that you should put stop loss to minimize your losses. But if you are buying at a low price and target to sell at its peak, even if you witness series of prices dumping as long as you are holding for long term, the situation won't bother you at all. Never sell for a loss will only work if you are for short term profits, but if you are for long term, of course you know exactly that you will never sell if the price is in downtrend.

Long term investor never think that when bull market will start and when bear market will end but a crypto trader or short term investor always follow this both market condition. So 'Never sell with low price ' this word is meaningless for Trader and short term holder. They can save their fund in bear market. It is not matter that what was my buying price. But if they think that coin is good and it Will recover Between some month, then they can hold.             

Regularly you simply need to take care of business and get rid of your stock at a bad time before those misfortunes get greater. Trust isn't a system and a financial backer must have a coherent motivation to stand firm on a losing footing What you paid for a stock is insignificant to its future bearing The stock will head up or down dependent on powers in the securities exchange, the stock's hidden essentials and its future possibilities.

A financial backer for the most part has many purposes behind purchasing a stock yet regularly no put down stopping points for when or for what reason to sell it Don't allow this to happen to you. Set motivations to sell stocks and sell them when these reasons happen. The explanation could be pretty much as basic as Sell assuming awful news is delivered about corporate turns of events or then again in case an investigator brings down the value target

Every trader should have a backup plan in case the price of the coin moves in the opposite direction to expectations. And every trader should understand from what levels the price of a coin can turn in the opposite direction. Usually, a stop loss is placed for such a level, since if the price does not turn around at these levels, then there is no point in holding the coin. And if you stick to this rule, "Never sell for a loss", it is very easy to retrain from a trader to an investor.

There is no need to sell when the situation is at a loss, basically the coin will definitely increase again but if this is based on daily trading then installing a stop loss is very important to do, when market conditions are uncertain then reversal is very vulnerable we must be prepared that it is possible will often happen but mentally must be prepared to stay in this state.
Sometimes when the price drops badly, many people sell just because they don't want to lose big, they certainly don't understand at a certain level.

You are describing exactly what happens when you do not use a strategy or you abandon the strategy that you have been using until then, people become lost and they do not know what to do just at the moment they need guidance the most, this is why having a strategy and following it is really important as just when you hit that point of confusion your strategy is going to be there to tell you what to do under those difficult market conditions.

Your scenarios seems will happens if you pick meme coins because these usually happens on memecoins which some of them will rugpull after reach the highest peak however the concept will be different if you able to pick good coins to invest because good coins can able to bounce back after touching the deep so that's why some people said hold while the price cheap will avoid you to lost so i think there was a misunderstanding about your thought

If you stick to such a strategy that the price will definitely increase, you can very quickly turn from a trader into an investor, as I wrote earlier. I think you already remember the time when the bear market lasted for several years and had to wait a long time for the price to recover to its previous value. But not all coins returned to their previous prices, many remained at the bottom.

Those people though that the price would eventually come back after the dip but still there is so much stuff to expect and possibility to take a note on. It just depends on the people you are asking to, they probably think they can have a comeback with those dip so they won't sell it right away but in the other hand there is a stuff like "cut loss" like you said before so you can buy something else waiting for the price is good to invest again.

As much as I agree with you but we can't just do the same strategy over and over, you may change the strategy based around the situation you are in right now.

You have said really well that everything depend on the market situation and how the market act with us .If we hold our coin for long term if it is Shitcoin it will just wash your portfolio even made 0 .I just wanna give you a example i have some Dragon coin it may be around 500 i didn't sell it on  350$ now the value of of my account are 0 .So it is clearly proved to me that if we wanna follow the strategy to hold until we get profit we definitively need to hold the top coin .Which has really a actual value forever and never wash you account and you can get a good return for sure .

Here, I agree with you. After all, you may not have time to put spop loss on the redemption of your coin, when the market is quite volatile. For example, I bought 10 and the market collapsed to 5 dollars, you just have to wait for your price tag initially, but this is more of an exception to the rule. In general, stop moose really protects against huge losses.

Yes NEVER sell in Loss. I saw many people always sell their Token at a Loss. But it is not good. you should keep patience. That day will come when your bought token will pump if you have invested in a good project. You should make an investment in good project. Like cifi, PYR.

Yes, that is the main purpose of setting a stop loss, to prevent yourself from experiencing huge losses. And i think that will not be hard to do, unless you are thinking that having this is still useless, because you'll still lose in the end. And i think no one would really sell at a loss intentionally. We all have our own strategies to end up profitable, but if you have invested in wrong coins which are shit coins, then there's no where to go but to end up losing. And as much as we can, either you're in purely hodling or trading, its good to set stop loss first so you will be guided which will prevent you from losing much.

Not all the time because there are sell on loss do actually saves up your ass literally on more negative on your portfolio since there are coins/projects tends

out to dump without any recovery happening afterwards thats why there are instances which those sell offs would be a good call on preventing

further losses.So making decisions like this would vary and not all means that it was a bad decision.We do need to cut loss if its needed
but most of the time it was a mistake been done.

But sometimes we have to sell some coins to book small loss then huge loss. Its a good decision I think. In other words I named it as a stop loss. If you study a project that is very strong and it's worth holding then hold it for long term don't see their price for next 2 to 5 years. After that see their price if the team is strong then they stable their project in these years. Otherwise you will get a loss.

Well, it's totally different hodling a shitcoin than an established coin. Even if we hodl shitcoin for years, it will always end up zero value. But for bitcoin and with main alts, no matter how often the dips are happening, as long as we intend to hodl them for long, then we will always be profitable in the end because their value have climbed in its peak. So by this time, once we sell it, we will be in huge profits and not in a loss. And i think no one would really want to sell in a loss, unless he has no other options to take.

Patience would really be tested out on these kind of times on which you would really be waiting for a very long time if you've decided to hold but actually there are people who

could really do that without minding much on how long it would be and most to those people who do have extra income or doesnt mind about their investment profits.
Thats the reason on why they dont  care that much about  the condition of their investment.

Selling is someones decision whether they do get hold or simply panic sell.

Yes sir you are absolutely right because some investors don't analysis future development and projects overview. They selling their investment coins for a little bit profits. Hence they suffer a sorrow moment at the pumping of his coins.

very true, in trading must have a target both profit and loss that is set before making a trade in order to avoid such a large loss.
I really agree with people who sell at a loss to choose another coin with a higher percentage of profit, I think it's very worth it.

the decision about selling is only up to us personally, by selling at the right time is everyone's goal. and sometimes we have to sell at a loss, with the aim of waiting to return to buy it. all decisions we take must be considered, and there is nothing to regret after we sell it, whether the decision is right or not, if it is wrong then we can make it an experience, so that in the future we can make better decisions

It becomes a personal choice. Someone who have faith in bitcoin will probably not sell it even if they bought high. For example, when bitcoin first crossed 19k USD there were buy orders at that all time high and then eventually the price crashed back. Think of how difficult it was for those people to have bought in at the top. But compare it to the price we have today beyond 45K USD even in a bearish trend, those people would have had 2x unrealized profit.

Managing stress is another thing. But if one can cope up with the price movements then can eventually come out with profit even from a high buy position. In that sense it is correct for bitcoin to not be sold even at loss by any trader. However here opinions differ and I am not talking about altcoins at all.

Bitcoin is still cheap comparing what it can possibly be in fiat price by the time its supply stops.

I am "sort of" like that, I mean sometimes I make a debt and still do not cash out my investments, I rather keep them waiting there and making me profit. I believe that if I spend my investment instead of making a debt then I would just not reinvest that, so instead of spending 1000 from my investment and putting it back 100 dollars each for 10 months, I take a debt and pay it and then pay 120 bucks per month for 10 months (or 100 for 12 months) and yes I am spending more that way but I am also hoping that it will be much more with my investment growing eventually so I would be in profit.

Extra is that, I would probably spend that money and not invest it so I would be left with no debt but no investment at all. This way I push myself to pay the debt because otherwise what you gonna do? Not pay your debt to bank? They will take it somehow anyway.

And that is the thing, if you are an investor and you are determined from the beginning  to hold your coins no matter what then it makes sense to hold your coins in the case there is such a big crash, but if you are a trader this should not be an option, in my opinion the most important skill that a trader must have is to limit the amount of money that you lose in each trade, this way not only you protect your capital, but the longer you can remain part of the market, and this increases the chances you will see a bull market and obtain great profits with it.

When you do intent to hold for long term then don't actively watch the market because it would really just influence your own goal in mind which is neither to
change up those goals and might lead up into early selling whenever you do see a market crash.

Losses is inevitable but you cant really just think off that you could get rid of it because you would definitely be experiencing it.Cutting losses is neither a good or bad move.

It will varies on market condition whether you did make the right call or not.

It can be a good idea, but may not work for all altcoins. So, it depends on the situation itself. If your asset still drops about 20%-30%, selling the coin and buying another one is okay. While if your asset already dropped more than 50%, I think it is better to stay hold. But make sure, it is not a shit coin. Because if it is a shit coin, probably can end with no value. On the other hand, you don't hurry to choose another coin. Learn carefully the potential of the coin before you rebuy again. Don't experience the same situation in the next coin.  ;D 

This is very subjective and situational. Period! Whenever you do sell then it would neither a good cut loss or would be a good securing your profits

and this will really be on case to case basis because not all traders or investors are on the same situation thats why i had said earlier that this would

be subjective and as long you do know on what you are doing then it should be fine because its your position then its your position to make.

It goes both ways mate. That’s why the market is a risk, you can’t be certain of where the market heads, although technical analysis does help in some ways so that you’re going to be able to make a better predictions.

In this case like you have said, you can buy a coin and decide to keep holding because you don’t want to sell at a loss and the market would go down and not come back up again, then you end up losing. Then you can also hold and the market would increase and you will recover from the loss and also make good amount of profit. By the way, it’s best to assume that you’re buying with an amount you can risk, so that that any way it goes you wouldn’t be regretting it.

You are right. Basically, it is very subjective, as long as it is fine and likely the best way to do it, surely no problem for selling. To be honest, I have ever experienced a complicated position, forcing myself to sell my coin although I get losses of more than 30%. I have a strong reason to sell it at that time because the project looks like to have a bad ending. It was a new coin and only listed on some small exchanges, so I decided to sell all the coins for a loss. A few months later, I heard that all team members of the project disappeared. I was lucky that I didn't lose all my money by holding the coin. According to this experience, sometimes selling for a loss is a must.

This depends on what kind of our strategy to make a decision in certain time. It will also depend on each situation of each person, where it will be different.
In my opinion, the reason why people sell coins for loss are:
- Setting stop loss to minimize more loss and then use the fund to another trading, to get profits in order to recover the loss. this commonly happens in most daily trader
- Trader who really needs cash emergency and in urgent condition. I have several similar experiences where I must sell coins under the bought price because I really need cash and I didn't want a loan.
- Panic trader, this is what commonly panic trader sells moreover because they are only trading for hype.

But sometimes we takes wrong decisions and put a trade in wrong area. It means take a trade when there is no opportunity available for making profit. Then book some loss is a good decision my brother. Don't hesitate if you feel your trade goes wrong from your decision.

In my opinion, it is not a myth but it is all depending on:
1. what asset you are dealing with
2. whether you are trading or investing.

When we are narrow downing, never selling will be possible when we are investing with bitcoins and it is a myth when you are trading bitcoin or any other cryptocurrency except bitcoins.

If you are holding bitcoins and if you happen to buy around ATH then you need to wait around 4 years to meet that you never need to sell for a loss. Hence, it will be possible with bitcoin investments to stay without selling our bitcoins for a loss if we are ready to hold for years.

Yea never sell in loss it's a good statement because always market not dump we need to hold with patience if we stuck in dump it's a part of trading to liquidit to glitch people t
So hold with patience for great profit

For me, I do not prefer a stop loss, but I also think selling with a loss is better than continuing to lose, I mean I do not use the stop loss button, but I monitor the coin if it continues to fall, I sell 50% and then buy back from the bottom, and so this process can be repeated with each Falling so that you eventually get a low loss rate by buying from the bottom and increasing the amount of coin you own

Actually it is a good idea to gain profit by selling at high price but if it is hard for you to make profit then just wait and hold your coin for long term it will absolutely give you more profit. But selling at low price is something consider as bad. If you have fear of losing money and the price get dip then its really good to just keep it and wait for the best time when the price become high then sell it.

You would never make a wrong decision of buying if you would stay in bitcoin only and not a single altcoin. But most users will buy some altcoins too so the risk does increase for ending up with an asset that is worthless.

If you have done your background research and believe that the coin you own has no future, then do think about selling it at loss - just be strict about taking this decision, because in case the opposite happens you should not feel bad that you wasted it by selling it at a loss. Most altcoins that have been stagnant for several years now are worthless and safe to cast away.

Losses are there in spot trading but if you are buying safe and at the lower price, you have higher chances of profit and that is the point being made in the OP, dont sell at loss for such bought coins, specially not bitcoin.

I think your concept is very loose. After all, even look at bitcoin, which two weeks ago collapsed from 60 thousand dollars to 47 thousand dollars. Many who did not understand that it was the manipulation of the whales, consolidated their losses, thereby giving their hard-earned money to the same manipulators. And the experienced ones left their wallets without movement, because they know that after such manipulations, prices will soon go up.

Yes the OP is right, many traders now doesn't follow the rule of the stop loss. When they see that the price is crashing what they are thinking is they can't accept the loss and hoping that it will comeback where in fact that's not how technical analysis works once the market shows sign of up and down trend it cannot be changed and stopping further damage and finding new opportunity to enter a position on the market.

The lowest after it has hit the second all-time high was $45k IIRC.

It's always manipulation. Whenever there's a pump, we call it manipulation and so be it during the dumps. But if you study the market well and even you're not of a type of expert but you know what to do. You can take advantage of the wave and ride with it.

Weak hands are most likely end up losing in time of dumps as they resort into panic selling because they lack the patience to hold their coins. But for those who are used to experience dumps, i know they are confident enough that the market will always recover in time. So they never lose because they tend to hold most of their coins and just patiently wait for the market to be bullish again so they can sell and enjoy their profits. If this will always be the mindset of every investor, losing will not happen often.

Yeah, they really are likely to lose since they have a weak hands. They're likely to sell at the times that they panic and they won't acknowledge that the dump normally happens.
Those who has experienced, they won't be moved by a small dip or even a correction. Because there's always the plan that they have whenever the approach goes as expected or unexpected.

Absolutely right because according the situation of myth is that it's definitely go to the moon in few time so anyone how gain experience in crypto trading so they definitely cannot sell there myth in loss so anyone who hold myth and they are think they are in loss so cannot sell a token because the situation said that the myth is in few time gain a high position.

It depends on the time if you are holding for the long term then if it goes 50% down, you will have a chance to DCA. This holding is better than selling. But if you are a short term trader then never sell for a loss is not good choice. You must put stop loss.

The context of never sell in loss is different from it actual meaning.
When they say never sell in loss is usually mean a long term holder should not panic and sell all his holding because he/she thinks market is falling, if the holder can patiently wait, the market will bounce back and superseded the entry price of the buyer.
The concept of stop-loss is for short term her and daily traders who always want to minimize their loss and maximize profits. They are the first who always sell off especially when there is maeket crash.

Having a stop loss is standard practice when trading in any traditional market because the recovery may take some time. However, in the cryptocurrency market, the market can go either way and recover in a short period of time, so I never dare to put a stop loss; however, if you're aware that a major correction is underway, you can sell your coins and wait for something to happen.

That’s because you are looking after the safe play strategy here. Its not profitable either if bot loosing any money. That is why stop loss is invented. You can keep doing trading in your sleep also if the market is open and in case of crypto currencies its 24*7 open market so it is much much needed instrument. With this strategy you can “save your losses” but you cant profit from this strategy if market is considered to be going down!! So its not myth at all. If you gonna be good holder then definitely it will profit in the bullish future.

If you're an active trader, you do need to have a stop loss. You don't see what's about to happen in split seconds. If you're in spot or margin, having a stop loss is very important.

Specially, if you're into margin trading. Having no stop loss will make you loss all that you've got there as funded.

That's why for active traders, it's one of the important things to remember. But for holders and investors, this won't matter that much and we'll not sell at loss.

That is not the worst-case scenario. The worst is when it goes to 0, which I don't think happens with Bitcoin, but with shitcoins and company shares it does happen. I go long term with Bitcoin and I don't sell, but there are situations when you have to consider it.


The problem with stop losses is that when there is a big market downturn they are useless and leveraged positions are cascaded and liquidated, as we are sick and tired of seeing.

It is necessary to understand and soberly assess the situation that has developed in the market. Sometimes it's better to sell with minimal losses than to wait for something incomprehensible...

As long as you've invested in Bitcoin, holding will always be the best choice even when the market is crashing. Be bothered when you're holding a nonpotential coin and it's losing its value. Bitcoin will always be worth investing in the long term but in shitcoins, you have to grab the chance of selling once the price strikes high because most of the weak coins pump once and dump continuously until the project dies.

We know that not all people would really be having that kind of level of patience on which they could really afford on waiting for too long before they would see the profits that they could make on their

investment which simply means that they would really be tending to deal with their investment on a short term manner which do implies on making short term kind of action which would really be needing nor getting involved those cut losses kind of acts or something in correlated.

Sell for a loss and its relevant for short term traders but if you do really go for long term then i dont really see for any problem yet it do really fits out
on anything specially if you do go for long term holds but we know that not all does have the same rule or style.

That's why no matter how deep the Bitcoin price drops in a bear market situation like now, I will never sell my Bitcoin at a low price. Because I learned
from the history of Bitcoin price movements, where Bitcoin prices can always recover and provide profits for investors who can be patient holding Bitcoin
in the long term. But very different from new projects or shitcoins, I will without a doubt do a cutloss if the price drops deep enough, which if the price
has fallen too deep it will usually take a long time to recover. Even for shitcoins, there is a big chance that they will become deadcoins, which we can't
sell anymore. So the risk is much higher if we invest in new projects or shitcoins, so for new projects or shitcoins it is more suitable for trade short term.

Never ever sell on a loss which it wouldnt really be that sensible on doing so because why would need to sell if you do know that the price would made out some recovery in long term?
Instead of selling out then its better to buy on the dips but of course this do involved some analysis because you cant just buy without any basis or targets even though market bottom is totally unpredictable
but its impossible that you cant able to determine on where everybody is in great fear and anxiety towards the market.Its a solid indication for you to buy more but of course not all would be having
that finances on supporting this kind of action thats why it do really vary into each investor whether  they could afford to buy something or not.

It's not a myth because here in crypto we have those investors and they usually go for longer terms but it is a myth for those who are actively trading because for them time is money. They shouldn't wait for the price to recover but they can just put a stop loss to get going.

Sure thing that you could limit your losses in a stop loss but that is if you don't trade again but if let say you will buy right after you sell at a loss, there's a chance that the price can go down again. At that point you are still in a loss but the loss you got earlier are already permanent whilst to those who hodl, they technically didn't lose anything yet because they haven't sold anything.

For those leveraged positions, they're sort of helpful but yeah, if it's a big one that's different.

That's cutting losses and in trading, if you're relying to your day to day or week to week trades. It may be painful but you have to do it to avoid further losses.

Because if you don't do that, you need to have to recover more than twice or thrice the percentage with your losses made.

I saw in futures trading that if I bought a coin for 100$ with 10x, I was hoping for more profit.When it came to losses again from that profit, I thought a lot about what can be done to stop loss.At one time it could be seen that my original profit had vanished with $100. I have lost so much money in my life here. Just greed for more power.If I had kept with stop loss profit, I would have got some profit but I didn't do that, I will get more.So I have seen that sometimes you have to sell at a loss. Otherwise the original money may go away

In that scenario, I don't see anything wrong even if the price drops by more than half of the token you bought. What does that mean? Let's say you buy for 10$, even if the price drops by 5$ or 1$ as long as you don't sell it, I can't say that you lost or that you lost asset coins. Because you still hold the token, unless you sell it at a loss, then I can say that you really lose. But as long as you still hold and you wait for it to rise again I can say you still have a chance to recover or earn more in the end, just like that only.

using stop loss is better for trading and also using chart is the best to know exactly when the market will be against cryptocurrency, so anyone who is using this two things in cryptocurrency trading do found it difficult to understand and experience lost for cryptocurrency trading. What is interested first for trading is to secure the capital and after that the next thing is to know exactly when the market is bad and good by monitoring the market.

Sometimes it's not easy to deal with a bear market that occurs, let alone seeing our asset estimates drop drastically when a bear market occurs.
It requires quite good emotional control, in order to save us from stress, because in my opinion the hardest thing in dealing with a bear
market is convincing ourselves that what we are doing is right, by trusting the future of crypto. Which many people are too afraid to lose
their money, in the end they took the wrong decision by selling crypto at a low price. So in the end it is very important for us not to stop learning
about the crypto world, so that we have good knowledge to determine what steps we should take when a bear market occurs. I have repeatedly said
that it will be difficult for us to achieve success in the crypto world without good knowledge.

The pressure is so high and eventhough that we know that bitcoin will recover still we cannot stay focus on that scenarios since for sure what we will think is the short term and want to recover what we encounter losses we got at that time. Maybe once the market stabilize people will think about getting ready for possible pump so we really need to have more knowledge about the upcoming events coming for bitcoin to recover.

The volatile nature of this market can always tell us that there's no way we can exactly predict the next market movement.

I get your point and that's really fact when using stop-loss, there's still a chance that the market
will not favor your next position even you think that the next trend will be a good bounce back.

Recovering is hard, but when you already understand the drill, there's also a good chance that
you will enjoy this market.

Using stop loss and reading charts would definitely help you, but neither guarantee you any profit. Stop loss means you would be losing less than you normally would without it, but in it's nature it's still about loss, and charts are what "should" happen and not what will happen.

Both combined do give you a good base to start though, of course just like anything in life, a bit of luck would be great, doesn't mean that it would be a bad thing. And the world economy doing alright would help you as well, it means that price would go up because if the economy is great, we all are doing great and if we do great then we could investment more as well.

Certainly a myth and wouldn't follow such a bold statement, may be applicable for Bitcoin or Ethereum, but definitely not for altcoins. I sold Fantom at a loss a few months ago and if I hadn't, I would have lost more than 70% of my investment. The same thing goes for UST/Terra, I sold at $0.90 only for it to proceed and crash a few hours later.

I can't hold when my chart is pointing towards a lower highs and higher lows meaning that prices keeps pushing down. Holding is best in higher highs and higher low trends. from your illustration at $8k i should have positioned my stop loss. Close with the loss and wait for a better entry point at the bottom or check if it i can join the sell market to make some profit before closing my trade for the day. I rather stop the loss than lose it all below 50%

You must be luck enough in that case because you sold UST right before the eternal collapse.
Even I had invested in Fantom but not really much. I haven't sold any of my coins as of now.
I don't really have an option now since it looks like we are at a bottom. Selling now would be a big mistake.

Fantom was promising but started crashing at a much larger rate than the other altcoins, enough to get me worried and decided to sell at a loss.

UST on the other hand went downhill from that point, I sold at approximately $0.85-0.90, don't remember exactly because it was quite some time ago. I did suffer a loss but I saved more than 85% of my money, which I would have lost otherwise.

I didn't lose much compared to others, but if we express it as a percentage, I lost a good 10-15% from each case. Anyway, turns out that I would have lost a lot more money if I hadn't sold at a loss.

I have some tokens including Fantom stuck at my wallet because I also don't want to sell it at loss maybe I can afford to hold them for more longer years or even sleep it until next bull run came because its useless to sell at this point knowing the value of almost all of coins at tokens are so cheap. I can also say that taking decision to sell is just a mistake since its just a paper loss.

We've been used to holding with those tokens that we think that are okay with their current status as we hold them.

It's no use if we sell them at losses and that's what we know and we're okay to hold them whether they'll be more worth it someday or no longer have a value.

We just don't want to sell them knowing that it's almost nothing that we'll gain from doing it.

Not much use selling now, the stop loss strategy is based on selling before it gets that bad. It'd certainly be better off holding them and hoping for the future. I don't think Fantom could crash much further, supposing that you hadn't bought too high (above $1 for instance), there's still a decent chance to get your money back in the next bull run, which could come late, but better late than never.

That's the main reason I sold at a loss, because I couldn't stand waiting for a recovery, unless it's Bitcoin.

Never sell for a loss only applies for people who are not good in trading and prefer to invest in crypto for long term. If your portfolio is down more than 50%, then there is no reason for you to sell to recover some money as you will just buy it again once the market goes up again.

But if you're a trader, selling for a loss to buy more amount in lower prices is possible because you're able to read the chart and can analyze where it is a good price to buy during the dip.

Buyback or switch to another coin assuming a price lower than the cutloss. I often apply it to stop losses and turn things around. This also requires a reserve of money to be able to hold a new price position, without having a reserve it will be more difficult.
Continue to do scalping with several orders until the position can be more secure. chart reading is very necessary to read the next market price.
Cutting losses isn't always bad, it's useful for those who understand how.

Long term investment does not mean investing for lifetime. As an investor, I think it is important to know the market. Because if you look, you will find that many investors were in huge profits during the bull market.

But due to their hope of making more profit, now they have lost that profit. Many investors may have lost their capital along with losing profits. So the investor will benefit from specifying an approximate selling point before investing.

Selling for loss is either cause by doubt. It's better to cut the trade knowing fully well that you might bounced back and cover up the loss in another trade or position. Never sell for a loss are solely for those Newbies in the space or rather those impatience set of people in trading. Trades sometimes go against our predictions and expectations and these lead to liquidation of our portfolio or some might be lucky because they set stop loss and take profits.

Well, I think that all of us, or at least most of us, have experienced that experience, of selling at a loss in order not to lose, in books at least what I have read is that losses have to be cut and profits have to be lengthened , the losses for me have to be cut and not give hope that it will go up, because it is very difficult for it to go up, in fact, when we have hope that it will go up, what it does is the opposite process, which is annoying, that's what I think Anyway, that's what Richard Wyckoff recommends.

Yes, waiting for the premium bid is a smart technique, however given the situation you describe, I believe it to be unreasonable if someone does not pick their own reward and instead sets the price to advance, this is not a wholistic approach for trading cryptocurrencies. Simply said, if the price drops by 1% and things are getting bad enough to suggest further drops, sell it right away.

Yeah bro you did a good explanation as i think thats true if there is need to sell in loss then bro do it as if not it will be more loss you are losing the opportunity to recover loss and make some profit too so always go with the opportunity. Grab it Missing it will be an unrecoverable loss. Hold good things grab good thing things thats all in trading it good to book loss sometimes at least.

In fact, you should have with a stop loss if the asset you own is an altcoin. Obviously I don't think that many altcoin can be a potential asset in the long term, but if it's bitcoin then I don't think people should have stop losses for their long term investments.

For spot trading or investing, you will not lose your asset in the form of coins, meaning you will only lose its value. Bitcoin has great potential to become more expensive in the future, so there is no reason to sell at a loss if they have decided to invest with the amount of money they can afford to lose. Be a holder, be a golden hand, it will make you enjoy very satisfying results in the future even though no one can guarantee it.

Of course, no people want to sell for a loss. People sell their assets mostly because they need money for urgent needs. If they don't urgently for money, they will continue to hold, especially during this bearish season. I believe if they can have alternative ways, ideally they don't want to sell their coins. You are right, no one expects a loss, it is something impossible. Based on my experience, commonly urgent needs that force people to sell the coins in hurry.

they also sell assets to avoid more big drop . so they could rebuy on lower price. if alot investors selling their assets in loss , there will another buyer in market. we see several kind of investors in market now , some of them as full trader or investors which is their daily needs depend on their performance in market. if they could accumulate profits as saving , they will not panic looking price crash. but if we have regular salary from job , and have saving i think we could hold it longer till become profits.

You will not lose if you are holding Bitcoin unless you are a day trader who always depends on daily profit or short term profit, but everything will be quite the opposite if it is done with altcoins believing that the price will recover again is a myth.
Being able to accept losses or gains in trading is not easy, especially if we are not mature traders and think that losses are not part of trading.

You wouldnt loss nothing if you wont sell considering that it could really be on negative but doesnt mean that those are realized losses.Its true that as long you arent selling then it wont be completely considered

as one.This is the importance on realizing and knowing on what kind of trading or investment you would be making whether going for short term or long term.We know that there are two types of traders

which you had said about daytraders and long term ones.If you do saw that you are in negative, then why would consider on selling out? You are just basically doing
a dumb decision since its read.You should be selling on greens no matter how long it would be taking.

golden rule: nothing guarantees that the price will go up. with this I can give an example of Litcoin, see that Litecoin had its ATH above 380$ when the price of bitcoin was 20,000$, then both bitcoin and LTC dropped a lot, years passed and the price of bitcoin went up again point to reach 67000$ but the price of litecoin has not risen more than 350$ and now ask yourself:

those people who bought litecoin at 390$ and refused to sell because they think they can't sell because one day the price will go back to 390$ are they happy today? would you believe that litcoin can get back to your ATH

From my perspective i think they actually mean that they always be curious of the market speculation and it doesn't trigger them or moved them to sell when the price of cryptocurrency is in danger or when theirs an information speculating that the price of Bitcoin is about to fall, so those ones who panic during falling of cryptocurrency are the one who get lost in the market, so in nutshell, don't be afraid of the downfall of cryptocurrency.

Yes of course they are the only losers from this crypto trading platform they second guess themselves and think the market is over.The dumping of the market can never be broken. Those who see the dubbing condition in the market are the ones who collapse but lose their entire money and at one point they drop out of the crypto trading platform.

No other people do the act, only them so it was their own wish because if they didn't then they will never sell their coins no matter what happens or no matter what are the conditions of the market. There are people who work depending on the situation like they can hodl longer or can sell early but trading was never meant to be situational.

In trading, one must buy and sell continuously no matter what are the circumstances are. That is they can sell even at a loss to be able to buy again at lows because they know that they can they can still recover it or they can also switch up on other cryptos. Never sell for a loss is not a myth but it's a fact for some of us.

don't blame people who really don't buy and sell when prices are high, I'm sure 90% of crypto traders do the same,
because the crypto market is very volatile and makes traders experience things like that, it's part of the nature of what the market is made of,
iam too experienced it, I bought bitcoin at a price of $ 40k and until now I still hold.

You wouldnt lose anything as long you dont sell just like the rest been saying or simply just a common sense thing to do but there are instances which you would need to close a particular position just because you do like

to open up a new one which you do believe a lower price or bottom price for you to consider on making profits once it do make out some recovery.Not all people could afford on having that DCA type of strategy and this is why whenever they do experience up some negative or complete losses then it would really be that normal that you would be trying other ways for you to
recover at least and this is the most common action for someone to take.

will never sell coins when it's bearish season of course it's an action that should not be act,
because if you choose hold then you will really experience a big loss, just like I am currently experiencing a loss of more than -90%,
of course this makes I'm depressed and want a quick payback, but all I can do is waiting bull is back.

I think if we invest in any coins or sell them we have to see if we have profit or loss on the coins we bought.  But now I think it is better not to invest in any currency.  Better for you if you want to invest for long term.  Short term investment will result in loss. So understand us well and invest later.

it depends on the consideration of the assets you have. Before you define an asset, you should of course have some targets for profit and loss. it will keep you safe from big losses like yours.

If you are holding potential assets, holding for better returns, I don't think it will be a big problem. although it will take quite some time. you just need to re-invest with your other assets.

but some cases like you experienced, are usually related to altcoins which are not so good in the long run.

Such situations are often carried out by traders who are indeed wrong in making plans.
I wouldn't say they don't have enough trading skills. but most of them have not mastered market analysis. that's what makes mistakes in trading and investing planning.

Such a big loss, most likely happened when he bought the wrong asset while in the pump. hoping that the pump will continue, but it turns out that the decline is happening.
tried to hold assets for recovery, but in reality, the plans were not working properly. what is done is not wrong, some trading strategies like that are done a lot. only, in its implementation will certainly require more experience.

Trading made huge difference in the patience of people mind set.Even a Calm person loss his patience towards the trading at the beginning level.Only he should do that at his beginning level.Later he need to do some good tactics to over the panic selling.He should read about the project and build the good way of project on his mind.Then he need to keep the money for long term to get the good investment in the trading of crypto currency.Crypto currency made the more millionaires,who keep the bitcoin at the dump for more than few years.

It's okay to sell if you're trying to cut your losses and you believe that there's going to be more if you don't cut those losses you're incurring.

And that's why stop loss is important, selling at losses like 10% is a good cut before you go to the worst just like what you have right now. You don't have to hold for so long if you've got no plans of holding it for long term.
But if you have that faith on that coin you're holding and have long term plans on it, then just deal with the losses that you currently have.