Do you set stop loss for long term gem?

[GreatArkansas]

I want to ask for some long term hodler or altcoin gem hunter there.

Are you considering having a stop loss for every altcoin you bought for long term?

Like for example. You buy this coin x at $3 but the price dumped, and just like trading, do you still put stop loss or cut loss?
Like you will sell the coin once the price reach $1?

[cryptoknightt]

So far I have not used a stop loss. Because if I want to buy for the long term I set a time to sell it, because I never keep my assets on the exchange. Too risky i think. There are a few altcoins I've kept since 2018. and I don't want to close them until the end of the year, maybe.

[zasad@]

I do not use stop loss and it is difficult to implement on decentralized exchanges.
If I buy any token for short-term speculation, then I monitor the market and make a decision depending on the price of the coin.
I rebalance my investment portfolios, transferring a small part of the coins to stablecoins.

[Danslip]

Tbh, I always forget the gem altcoins for the long term. Either it will give a big ROI or the price will touch zero in the long term. Since I never invest more than I can afford to lose, I prefer to wait long term and never use stop loss. The nature of investing requires to risk some to gain bigger percentages on investments, IMHO.

So far I have not used a stop loss. Because if I want to buy for the long term I set a time to sell it, because I never keep my assets on the exchange. Too risky i think. There are a few altcoins I've kept since 2018. and I don't want to close them until the end of the year, maybe.

That is the same logic why I don't like to use stop loss, the long-term investments should have hit target not stop loss. The stop loss means, we are to take a loss but entering the market during bear market will not make us happy to use it. Until the end of a bear market, we are supposed to wait for the main target before it hits stop loss.

[Lorokan]

I want to ask for some long term hodler or altcoin gem hunter there.

Are you considering having a stop loss for every altcoin you bought for long term?

Like for example. You buy this coin x at $3 but the price dumped, and just like trading, do you still put stop loss or cut loss?
Like you will sell the coin once the price reach $1?

It is very hard to set a stop loss for a long term altcoin because you are unsure yet the heights the token will reach or if it will fail; the best thing to do in a situation like this is to set up a blockfolio app alert system for the coin, to alert you when the token reaches x price; and also to alert you for every price updates (either positive or negative growth) every 15 minutes

Regarding profit taking; we should remember that profit is profit, be it 1% or 1000%, take profit when you are comfortable in profit.

[Bitcoinjheta]

i've just tried it once to use stop loss just to have a knowledge on it and its good for short term way. For a long term it is not advisable to use because you will be the one to decide when would be best time to sell your precious gem.

[aemma]

Since they are long term gems, I do not think there is any need to set stop loss for them reason being that, you are not really sure of the price you will want to sell, that is, let's say you didn't set stop loss and have a price in mind, and the coin reaches that price and you later realized that there are more room for growth, you will be forced to adjust to another time frame. Taking BNB as example explains this a lot, assuming you set a stop loss for it and it triggers while BNB pumps to such height you will not really find it funny.
Hence my own opinion is, if you have a long term gems you believe in, there is no need setting stop loss, just have a price in mind and stick with it, when it gets to the price you can decide to either sell or shift it again depending on how the development of the platform is and how serious the team are.
Moreover, long term bags are always kept in private wallets to be sure of your security other than exchanges, and being in private wallet there is or will be no need for stop loss, hence being in agreement with what I suggested earlier.

[forexandcryptoauditor]

From my point of view, if I want to keep the investment for the long term, I would not put any stop loss. Rather I may consider the downfall as an opportunity to invest more and accumulate. However, it will be good if we put some stop profit and not becoming greedy, may stop the investment hitting stop losses if we put any.

[DU18]

I want to ask for some long term hodler or altcoin gem hunter there.

Are you considering having a stop loss for every altcoin you bought for long term?

Like for example. You buy this coin x at $3 but the price dumped, and just like trading, do you still put stop loss or cut loss?
Like you will sell the coin once the price reach $1?

I have several assets that I prioritize for my long-term investment and I will usually choose altcoins that are very cheap and even below $1 such as BTT and TRX and I will not use cut loss because the money I use to buy altcoins is the money that I have received from the bounty so I am not too worried if the altcoin price drops, after all BTT and TRON are two altcoins that have strong fundamentals and also a large community so that when the price correction occurs, the price will usually go up again.

[ene1980]

Are you considering having a stop loss for every altcoin you bought for long term?

If it is a shit coin then i might consider having a stop loss just to get rid of them when the market is pumping other than that i will never use the stop loss feature as the market moves drastically in certain period of time and even if there is a system crash in the exchange you liquidate all your assets and hence i never tried that feature in recent memory.

[BitTraderCute]

I want to ask for some long term hodler or altcoin gem hunter there.

Are you considering having a stop loss for every altcoin you bought for long term?

Like for example. You buy this coin x at $3 but the price dumped, and just like trading, do you still put stop loss or cut loss?
Like you will sell the coin once the price reach $1?

for long term investment personally i never put stop loss in my position. we are as early investors which is program recently started and alot things developted by team. when we enter in this phase there are alot volatility and pressure from community to developer, some of them will trying make fud and some of them panick. if we pick good projects maybe in few months we will get 3x return atleast. for example i am buying hathor at 0,21 and current price now 1,49 and i am still hold it becase many fundamental news will release this quarter.

[kevindjunaidi]

I want to ask for some long term hodler or altcoin gem hunter there.

Are you considering having a stop loss for every altcoin you bought for long term?

Like for example. You buy this coin x at $3 but the price dumped, and just like trading, do you still put stop loss or cut loss?
Like you will sell the coin once the price reach $1?

if I invest for the long term and not for trading, then of course I will never do a stop loss, because I will definitely look for altcoin that have a great potential for the price can increase very high in the future and of course altcoin that are safe for investment for the long term (altcoin that are in the top 100 on coinmarketcap), so I will never be afraid when the price is go down and set a stop loss, because I believe the price will definitely increase very high in the future and give me a big profit.

[samcrypto]

I play long with Bitcoin and ETH but I don’t set any stop loss for them because I know their value, I just have a target price and if the market goes down again, I don’t need to sell I just need to increase my holdings. I just set-up stop loss on trading but since I’m holding these two great coins, I don’t see any reason to set-up the cut loss level, well this is my personal strategy for long term holding.

[GreatArkansas]

Upon reading all the posts above. It seems like you guys are very positive for your long-term gems like you don't consider any downsides or negatives, or anything that will happen in the future. Well, it's all your choice, which is good also since you are believing with yourself, self instincts and own researchs.

[Rengga Jati]

It is based on the coin and also the strategy of each coin itself. So far, I decided to diversify the coins
For long-term coins, it is no need to set the stop loss because I will also take it for only minimal buying of the coins itself and waiting for price target is achieved, but it may need a longer time when usual.

However, it may be different for a short-term investment or trading, I commonly set a stop loss in order to avoid the big loss and also use that money again to search for the other tokens or coins to bring back the loss.

[harapan]

I want to ask for some long term hodler or altcoin gem hunter there.

Are you considering having a stop loss for every altcoin you bought for long term?

Like for example. You buy this coin x at $3 but the price dumped, and just like trading, do you still put stop loss or cut loss?
Like you will sell the coin once the price reach $1?

Most likely, I don't put. Majority of the time, I mean. It's a position that I want to keep for a long time so there won't be any stop loss in case it down and when it eventually goes down, I will just buy more and lower price and keep doing so until I can't do it again.

Upon reading all the posts above. It seems like you guys are very positive for your long-term gems like you don't consider any downsides or negatives, or anything that will happen in the future. Well, it's all your choice, which is good also since you are believing with yourself, self instincts and own researchs.

It's called a long term gem/altcoin for a reason. That includes holding it for an extensive amount of time regardless of the direction that the market heads to. If it goes down, you just continue to still buy more and hodl for the long term.

[kram31]

I want to ask for some long term hodler or altcoin gem hunter there.

Are you considering having a stop loss for every altcoin you bought for long term?

Like for example. You buy this coin x at $3 but the price dumped, and just like trading, do you still put stop loss or cut loss?
Like you will sell the coin once the price reach $1?

Ever since I came up here in crypto world I never use stop loss method, the thing I remembered this stop loss was when I was in the gambling site I used stop loss but not in doing in the actual trade of cryptocurrency. Because, for me I never seen any problems with my doing with my trading in cryptocurrency. Although, I am not saying its not helpful, because for me it is still best to do trade in a natural way in online.

[KimmyF]

I want to ask for some long term hodler or altcoin gem hunter there.

Are you considering having a stop loss for every altcoin you bought for long term?

Like for example. You buy this coin x at $3 but the price dumped, and just like trading, do you still put stop loss or cut loss?
Like you will sell the coin once the price reach $1?

I will definitely turn off "Stop loss" features. This option is the best feature for a bear market. Every time altcoins price is dumped, which dump is greater than the older pump. We know it, so either long term investment or short term trade. Only "DIA" is the project where price is unpredictable dump, but "DIA" is a top project where you don't need to apply to "stop lose".

[Distinctin]

I want to ask for some long term hodler or altcoin gem hunter there.

Are you considering having a stop loss for every altcoin you bought for long term?

Like for example. You buy this coin x at $3 but the price dumped, and just like trading, do you still put stop loss or cut loss?
Like you will sell the coin once the price reach $1?

Although we can't avoid such a dumping scenario but then if you are considering a long-term investment, a stop-loss strategy is not suitable here, why not wait for the price to recover? That will be the best option than selling it because it just like we are in panic selling. I don't think of someone use that, I was thinking it was only applicable to trading.

[MadeMen]

The persons that use stop losses most times are daily traders who can only afford a little loss at a time so as to have the needed liquidity to continue trading. Persons who are holding a coin for long term don't really need a stop loss. This is because the expectation is to sell when the value increases substantially and this would come despite the market fluctuations.