What to do when price keep dropping ?

[VackFromOhm]

I think it's best to have sell floors. I try to always set my sell floor at a price that still keeps me with at least 5-10% profit for good measure, but more if I'm feeling greedy. It's really hard to sell early but if you haven't sold already, you've got two options:

Cut your losses. If you cut your losses, you're locking in those losses. On the plus side you are doing exactly that- preventing even more losses, and this opens up more cash for you to buy back in on the rebound off the bottom, and make up for that loss on the ride back up. The reason for doing this is mainly because you don't know where the floor is going to be, which leads me to the next option...

Hold. If you hold, you're basically at the point where you haven't lost enough for it to be time for you to get out. Additionally, you're still betting on the coin going back up. Most people here are going to tell you that you should always hold (HODL!) but honestly, you need to trade objectively. Really think if you believe that it's not going to drop anymore for you to cut your losses and buy at the bottom. You need to accept the fact that you have losses and decide to either be diligent about deciding on a sell floor (leading you to cut your losses), or about not thinking about the price at all for weeks/months and accepting the possibility of a complete loss, on the gamble of making all of your money back. In this market I'd definitely advise you to trade emotionless and truly think about what's best for your wallet, and to buy when the market is at it's lowest point. This is the point where we make the hard decisions, as we're nearing the bottom now and have to prepare to take some losses if we haven't sold already.

[Cocobrayy]

at times like this we do not need to panic and do not need to rush to take decisions, which is required at this time to be patient for a while and hold your bitcoin first by waiting for the price back up.

[sunhany]

What to do when price keep dropping ?

If the drop was quick like the one we just saw with bitcoin them buy, sudden prices drops leads to higher prices.

If the drop is slow and consistent, invest elsewhere or pray...

[Red_Sanford]

I am trying to invest wisely and if the chart just shows a steady decline over months it may be best to cut your losses.

If you have some emotional attachment to it, I would suggest selling it and buying back in at a lower price in order to increase the size of your stack.

This is better than throwing more good money at a bad investment

[Kakao_Z]

when the coin we have it decreased the price we can do is to save it alone,
maybe at another time will rise in price so we can sell it again.

[Fundamentals Of]

What to do when price keep dropping ?

If the drop was quick like the one we just saw with bitcoin them buy, sudden prices drops leads to higher prices.

If the drop is slow and consistent, invest elsewhere or pray...

This answer made my day!  Sudden drops cannot be a sign that death is imminent, because death is slow. Oh it seems we are dropping slow right now, but still no death in the future for me. Hold and pray.  Pray hard! It works! 

[richjohn]

In altcoin trading along with being quick, you need patience as well. When there is pump going on, you need to be fast enough to reap the benfit. But if the coin is experiencing a drop, always have patience. People usually panic in such situation and sell at loss. But if the coin is not pump and dump coin and has large cap or is popular, always hodl. Price of such coins can easily recover.

[ngerok]

if altcoin price drops all, then the thing to do is to hold the altcoin you have. if the altcoin price you hold down, then you have to sell as soon as possible (cut loss).