Do you set stop loss for long term gem?

iamsange

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Quote from: GreatArkansas on May 05, 2021, 10:32:14 AM

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 spot trading i am not set stop loss. When i do spot trading i pick coins that already big in market although price maybe increased little by little, i believe coins will increased, if dumped then i will hold it. Like BNB for example, it keep increased in price and maybe if i set stop loss, i already sell my coins because stoploss usually near critical rate that i can accept to lose.

dezoel

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I usually do not in the long term. In the short term I do not really have a chance to set a stop loss because most places are just swaps and they do not have a stop loss type of deal which means I can't do anything about it, and that is why I do not really have that option. In the long run however if it is a true gem and it increases a lot and some of them really do, that means 2x is not that hard, so when it does 2x I just take out my initial investment, and then let the rest compound forever.

I only get out if it reaches to a level where even I can't really argue against. Which is why there is no stop loss for "gem" strategy for me. Albeit I do not invest into too many gems, only a few, and most of my money is in btc-eth-bnb on binance so they all have a stop loss, so it is like 90% of my money is in stop loss, I just don't do it for the gem ones.

ipanks

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Quote from: GreatArkansas on May 05, 2021, 10:32:14 AM

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 you believe the coin will increase in the future, you do not need to cut losses or sell the coin, even if the price is down too deep because there will be a time for that coin to increase again. You can see what we got in a few years ago while our coins are down too deep. Many of us cut loss our coins and leave them without want to buy the coin again. But this year, that coin increase and hit the highest price and those people regret it because they sold the coin before.

A long term holder will not sell their coins, especially if they know the coin can increase so high in the future because they believe the coin price will be back to the highest price.

MrcMrc

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Stop lose is mostly effective in future trading since you may not monitor the market at all times, but again as a passive trader, this method may not be effective because you analyze the market personally in spot trading.

kevinzxz

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Quote from: GreatArkansas on May 05, 2021, 10:32:14 AM

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?

of course I will never set a stop loss, because I believe every altcoin that I invest for the long term, then the price will definitely increase very high and give me a big profit, so even though the price will go down, but I will never sell my altcoin and of course I still hold my altcoin until the price increase very high (give me a big profit), although it takes a long time for the price can increase very high.

justdimin

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Quote from: GreatArkansas on May 05, 2021, 10:32:14 AM

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

"Long term" and "stop-loss" are contradicting thing to each other. Stop-loss is only needed when you're into short-term trading. Because, for short-term trading you will never need to go for in-depth fundamental analysis but only technical will be enough to buy and sell within a day or week. When you are having good fundamental based coin then you will never need to worry about exiting at stop-loss. Because, you can be confident about bouncing back of prices at any time soon.

I am holding few of altcoins for years and they have dropped more than 80% from my buying prices still I am holding them without any stop-loss because I am confident about their fundamentals to get me profits along with this current bull run or in coming years. I'm not having any problem to continue my holding.

Koro-Sensei

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A long term gem needs time to succeed. A loss will never affect your holdings if you don't check its price every 15 minutes. You bought those coin for long term and be back in 2-3 years time and you'll probably see a profit.

MFahad

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Quote from: MarjorieZimmermanGinger on May 07, 2021, 11:15:20 PM

Futures trading carries a high level of risk. if you are interested, you have to put in a stop loss and also take care of money management. most people lose money due to not placing Stop Loss and also desire when opening positions. good entry uses a maximum of 10% of your total balance and also don't use emotions. I already have a bad thing without any stop loss in trading

Doing future trading without a stop loss is like doing a suicide. You will get rekt if you open a trade for long term in futures and didn't place a stop loss. However if you are investing in good coins for long term in spot, then you can keep your trades open without stop loss. Even if coin dumps in spot, it can still recover and give you profits provided you have strong hands to hold.

jinxing

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Quote from: GreatArkansas on May 05, 2021, 10:32:14 AM

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?

sometimes I apply stop loss when short-term trades of some coins, and it depends on the type of Altcoin itself. if the coins are really easy to pump, setting the stop loss level is probably the most correct decision I have to make

Tervelatuk

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long term invesment doesnt need stop loss, we believe every part of project developtment. price will always up and down , and as investors we should not panic, we have to believe with project future and when development completed we will get multiple gain. long term investor must have strong mental because sometime we we will face unpredicted moemnt.

MarjorieZimmermanGinger

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Futures trading carries a high level of risk. if you are interested, you have to put in a stop loss and also take care of money management. most people lose money due to not placing Stop Loss and also desire when opening positions. good entry uses a maximum of 10% of your total balance and also don't use emotions. I already have a bad thing without any stop loss in trading

Anonylz

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Quote from: GreatArkansas on May 05, 2021, 10:32:14 AM

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 you are cutting losses so early then it doesn't fit to be called a gem! Price dump is part of market movement and price discovery of every project be it gem or not, but what differentiate the real gem from the rest is, even when the price drop, you don't panic sell, you wait for the correction to be over and or dca if you buy a bit high to balance your portfolio and hold, because you have confidence in the project and what they bring,

A gem should not be sold too hurriedly in my opinion, take experience from all the great gems out there that many people sold out of panic, see how they performed. Well this is from an investor perspective, a trader would probably do the opposite.
A long term hodler won't need stop loss because your assets is under lock and key away from prying eyes Cool

accounting 181293

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I always use it whether it's short term or long term. because stop loss is important to minimize losses when the market suddenly crashes. I don't want to repeat my previous mistakes, at that time I invested a lot in altcoins for the long term. before I knew it my portfolio was worthless and it made a huge loss.

Golftech

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Quote from: ilovealtcoins on May 07, 2021, 06:34:26 AM

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.

With the volatile nature of this business having this feature might hurt your investment, if you are aiming for long term

and you believe that the asset that you have got a solid foundation, why bother if in some case the value falls hard, it will

bounce and bring you decent profits, a very good example is ETH and BNB both assets suffered bring big corrections but

look at them now, those investors last year who are still holding their coins are surely enjoying from what they are seeing now.

lalabotax

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Actually not really because I am not a type of a daily trader or playing in the future markets. SO far, I rather than choosing to hold the coins if the prices are dropped. But if seeing the prospect of coins is zero and no hope for the coins with low fundamentals, I probably will prefer to cut loose. So it will depend on the situation.

sulendra12

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Quote from: GreatArkansas on May 05, 2021, 10:32:14 AM

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?

Stop loss is a must regardless of what coins do you invest.

But before I set that up, I would analyze and check the price regularly before make the order. You don't want that order filled automatically after you made one, right? If the chart is showing a good sign for few weeks/months then I tempted to make the stop loss, so I can secure the loss.

Meta anggraini

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For spot i never put any stop loss, cause i never loss until i sold them, the special case only when i really urgent to get money i will sold some of them and try to buyback later.
But for Futures or Margin trading ofcourse i put ~10%.

nurilham

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Quote from: larus on May 07, 2021, 03:00:15 AM

If we are talking about at least 1 year investment then stop loss is pointless.

It is true, very pointless, not helpful at all. The stop loss feature is only used by traders or short-term investors. We don't need to use stop-loss if the goal is to keep it for at least 1 year. Just check the coin once we have the time to see it. It is different if the goal is the short term, we need to use it because the price can change very fast.

gabbie2010

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Quote from: Irazzzta on May 07, 2021, 06:27:45 AM

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.

There is no point in using a stop loss for a long term investment except the trader is using margin or future trading just to minimize loss in case of any dump however in lovg term trading a dump in the price of the coin wouldn't have much reduction on the actual amount of invested fund just like BTC value of an investment of $100 dumping to $40 however the price might reach $140 or more after price recovery.

Bilgent

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I actually prefer doing it sometimes. It depends on the coin which I invested into. If it's a coin like Bitcoin, Ethereum etc. then I don't do it mostly. But especially for the other altcoins, I prefer it as I don't trust them more than Bitcoin and Ethereum. Grin

pelumi20

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When it comes to investing you can't set stop loss like when trading. Because you are setting a sell order to sell at a low price, people will easily fulfill the order. You just have it in mind that once price reach a certain level you are not willing to lose again, you sell it immediately.

wallet4bitcoin

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I don’t like stop loss. Previously I use Stop Loss. However, I can't remember when it helped me. But, I still remember, I missed too much profit for stop loss. In fact, stop loss can be helpful. However, you need to keep the stop loss at the right price. I am no longer using Stop Loss.

And if I talk about the long term, of course I will never use stop loss. Because, I only invests in trusted currency for long term. It is normal for cryptocurrencies to rise and fall price. Hurry in long term not a good decision. I can miss big profit for stop losses.

kolbalish

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Quote from: GreatArkansas on May 05, 2021, 10:32:14 AM

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?

Till now, I don't use any stop loss because I expect a goal from where I invested. If I need to wait to fullfill it then basically I wait till then. I rarely use my funds for short term. I always prefer long term investment and I don't use any stop loss for it. Because market can retest then for using stop loss my requirements will not be fullfiled. That's why, I don't use any stop loss for long term gem.

lixer

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Quote from: GreatArkansas on May 05, 2021, 10:32:14 AM

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?

I just choose the coins which are suitable for long term holding hence I never preferred for going with stoploss. I simply hold highly known and established coins which makes me to continue my holding with more confident about bouncing back of markets. If you are taking time to choose your coins after long due diligence then you can avoid going for stoploss things.

Stoploss is good if you choose bitcoin/ethereum for short term trading. Because, there are big volumes happening on those coins which will help you to get another opportunity.

I invested with Lisk/Ada/TRX kind of coins but they got dumped after my investments but I simply continued my holding and they slowly turned back. Right now I am holding ada in profits but LSk?TRX yet to get into profit zones and I believe I will get very soon.

Vaculin

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I don't know if that is really important when talking about investment, why we should have to do it in a way that we are planning for a long-term investment. We are not in trading that we supposed to use that strategy. It finds ridiculous to use it if we know ourselves that we can make a hold when the market will dump.

Anyway, either to use that or not, that will depend on us.

traderethereum

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Quote from: GreatArkansas on May 05, 2021, 10:32:14 AM

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?

That depends on the coin itself because if the coin has the potential to increase in the long term, I will not sell the coin when the price reaches a lower price, but I will buy more because I know its potential.
For example, I bought litecoin for $100 but in the downtrend, the coin crash and reach $40, and I did not sell the coin instead, I will buy more amount and hold it, even I do not know how long I should hold.
But if that is trading, I will stop loss because that can help me prevent the big loss.
Many of us do not know which coin will be the next gem, and many coins have the potential to increase, so that can make us confuse.

JoMarrah Iarim Dan

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Quote from: GreatArkansas on May 05, 2021, 10:32:14 AM

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?

Before, I did not consider to stop my loss or to cut my loss. I knew that the coin I am holding is a promising coin since it is bitcoin and eth so I just have to trust and have patience. My igrnorance to check btc and eth price due to I am busy with my work also helps me to just keep my coins while its price is still low. I know this is not applicable to coins so maybe I used stop loss to other coins.

KaliLinux

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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.

ilovealtcoins

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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.

Irazzzta

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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.

Digital_Lord

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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.

Altcoinsintel

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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.

LogitechMouse

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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.

MCDev

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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.

acdc

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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.

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Quote from: GreatArkansas on May 05, 2021, 10:32:14 AM

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

wajik-tempe

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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

ampu

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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).

velive08

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Quote from: zasad@ on May 06, 2021, 05:10:11 PM

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

larus

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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

Ridwan Fauzi

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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.

int03h

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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.

Dr.Osh

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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.

CryptopreneurBrainboss

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Quote from: GreatArkansas on May 05, 2021, 10:32:14 AM

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.

blue Snow

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Quote from: GreatArkansas on May 05, 2021, 10:32:14 AM

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,

nurilham

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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.

Scripture

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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.

MadeMen

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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.

Distinctin

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Quote from: GreatArkansas on May 05, 2021, 10:32:14 AM

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.

KimmyF

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Quote from: GreatArkansas on May 05, 2021, 10:32:14 AM

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".

kram31

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Quote from: GreatArkansas on May 05, 2021, 10:32:14 AM

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.

harapan

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Quote from: GreatArkansas on May 05, 2021, 10:32:14 AM

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.

Quote from: GreatArkansas on May 06, 2021, 06:51:52 PM

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.

Rengga Jati

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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.

GreatArkansas

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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.

samcrypto

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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.

kevindjunaidi

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Quote from: GreatArkansas on May 05, 2021, 10:32:14 AM

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.

BitTraderCute

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Quote from: GreatArkansas on May 05, 2021, 10:32:14 AM

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.

ene1980

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Quote from: GreatArkansas on May 05, 2021, 10:32:14 AM

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.

DU18

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Quote from: GreatArkansas on May 05, 2021, 10:32:14 AM

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.

forexandcryptoauditor

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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.

aemma

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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.

Bitcoinjheta

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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.

Lorokan

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Quote from: GreatArkansas on May 05, 2021, 10:32:14 AM

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.

Danslip

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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.

Quote from: cryptoknightt on May 06, 2021, 03:59:10 PM

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.

zasad@

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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.

cryptoknightt

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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.

GreatArkansas

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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?

Topic: Do you set stop loss for long term gem? (Read 485 times)