Do you set stop loss for long term gem?

[Scripture]

Yes, even if I’m holding Bitcoin for long term I should have my cut loss level because I have to become more responsible and I know even if its a good coin, there are times that it will go below your buying price so in order to protect your capital, always set your cut loss price.

[nurilham]

I don't use stop-loss, especially for long-term investment. I think it is not necessary because I always monitor my crypto-asset regularly. If I found something that needs to change, I directly do it. It is different if I invest in the short-term, stop-loss may be needed to apply for the short-term. The price can change very fast, it can prevent a huge loss.

[blue Snow]

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?

Sometimes if the situation was very dangerous, I will do both. but near to cut loss to avoid a big loss. this would happen if the altcoin I bought still on exchange. when I transferred at all on my private wallet, this wouldn't happen until my target profit reached,

[CryptopreneurBrainboss]

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?

In my opinion, if you can set stop loss for long term investment then you're doing it all wrong. For a stop lost features to be implemented that means that coin is on an exchange which is wrong.

The only fund that should be held on the exchange is funds to be used for trading and it shouldn't be above your emotional capabilities of handling incase there's a negative results from the trades.

Long term investment coins should be stored on private/personal wallet that you own the private key. These day we have wallet that are capable of holding multiple coins not minding the blockchain they operate on and they're non custodial.

[Dr.Osh]

well, personally, I would have kept it if I didn't need money. This happened when I was holding ethereum from 2018 to 2020. At that time I was holding Ethereum at a pretty high price, and I kept holding and collecting it until the end of 2020 when I needed money. I sold almost all of the assets I had accumulated. however, depending on the circumstances. I believe in the potential of the coins that I hold.

[int03h]

My strategy is not to use stop-loss orders but spend my capital in 3 parts. I will buy at the current price when I discover the gem, if I lower the price I will continue to buy a part. The rest I will wait for when the price falls lower or shows signs of bullishness. That is how I neutralize my positions and reduce the risk of my long-term crypto holdings.
I only invest in each crypto that I consider gems from $ 100 to $ 300. And I have many gems to buy.

[Ridwan Fauzi]

Depend on the market that I trade. If I trade in the future trading then I'll always use stop loss feature in any strategy (long term or short term) but when I trade in the stop market I rarely use stop loss feature. Actually it depends on my prediction, if the altcoin has a good future then I'll choose long term investment but when I predicting that the altcoin just be used as pump and dump scheme then I'll choose for short term investment and using a stop loss feature.

[larus]

If we are talking about at least 1 year investment then stop loss is pointless. However, in my opinion, for shorter terms stop loss is really important

[velive08]

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.

it would be better than having to apply stop loss or cut loss. because with this pattern besides we can analyze the market, we can also monitor the price pattern at any time. so we are still faced with the monitor to monitor prices in order to get the best price

[ampu]

If determining long-term crypto investments, buy more when they drop in price. That's the way to be in good standing. Stop losses cannot solve any problems, they are simply losses.
I encourage people to buy crypto on a daily or monthly basis to accumulate it steadily over time. Many people have adopted this approach to Bitcoin and they won't be buying (buying appeared months ago, of course).

[wajik-tempe]

Nope for me personally, i rather buy several types of coins and have a really long time investment on there because i'm not gonna looking at the market for a long time. So i will just left those coins behind and comeback after 6 months or a year. It's okay if the coins price go zero if the coin is dead, i already calculated the risk before i bought the coins

[sulis sudibyo]

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?

no, I won't do that. because I'm not going to invest for the long term on a project that has a very high dump potential. I don't need cutlose, because when I think the coin isn't profitable I'll sell it right away. cutlose I use it for coins like bitcoin, ethereum and other big ones. the goal is to sell and buy cheaper

[acdc]

It depends on the coin I hold, if it is a good project and the professional development team then it is not worth the devaluation is not a concern.
If the coin I hold turns out to be a bad coin and the development team shows signs of fraud then it's best to wedge to sell immediately and walk away from it.

[MCDev]

If it was a long term investment I wouldn't stop losing but wait until the price I wanted or the time I set in my plan.
For example, I buy a coin for $ 10 and plan to sell it when it increases to $ 20 or to sell it in 2022.
I always follow the plans set out and it delivers quite good results.

[LogitechMouse]

Nope. Stop-loss when you are holding it for long term isn't needed.
I remember the time when I bought ENJ last 2019 and held it since I believe on it and at the same time, I support gaming coins at that time. Now 2021 and I'm still holding my ENJ and I got a huge profit from it already. Now I'm just finding an exit price and I'm happy with it.

If you bought a coin and you planned it to hold, just hold it. Markets are moving in cycles so if the coin goes down, just hold it unless you want to cut losses and planned to buy it at the bear market then its a different situation.

[Altcoinsintel]

If you think a coin is a gem why are you trading it? You should invest and hold it in a wallet instead of leaving your coins in exchanges.
A stop-loss is for traders and most has to do with leverage, if you set stop-loss at a long term crypto investment you are buying high and selling low.

[Digital_Lord]

I have never used stop loss. I think it is very risky to hold coins in exchange. If I have to hold for long term I would hold in wallet not in exchange and I have never invested in token which can high dump.

[Irazzzta]

If for long term investment, I never doing cutloss to take back some of my money. I sell only if the price make profit, even only make little profit from bubble price. so for consequences, now my wallet  hold many alt coin with no price. But nevermind, because my profit from other alt coin more big from my loss. so when you believe in long-term investing in alt coins, don't even think about cutting losses.

[ilovealtcoins]

In my opinion, a volatile market with extremely large margins like cryptocurrencies should not set a stop loss when investing in a long-term project.
Looking at ETH, the value of ETH has increased a lot if bought at $ 100 in March 2020 and it went up to $ 3,600 yesterday. If a person bought ETH for $ 500 in the past they would still have a good profit if they kept ETH up to this point. So not putting stop loss is the right choice in long-term investment. We can either leave the market to decide or buy at a lower price to average the price.

[KaliLinux]

I guess if your intention is to invest for the long term then no need for stop loss, this is what I do. If you set a stop loss or cut your loss when the price dips, that means your intention was not clear from the beginning of investment, you must have understood how the market works and understand the project you are investing in to know that it will come around. so no cutting loss.