Hey 
I once came across a time when I was unsure where the market is going to take us , thus I brought at a very high price , unfortunately the price came down as quickly as it climbed up.
The reason I believe I haven't lost even a single penny is because I believe you cannot loose when you don't encash.
Therefore I still believe holding for the long term can actually help you .
I once came across a time when I was unsure where the market is going to take us , thus I brought at a very high price , unfortunately the price came down as quickly as it climbed up.
The reason I believe I haven't lost even a single penny is because I believe you cannot loose when you don't encash.
Therefore I still believe holding for the long term can actually help you .
That is my option every time I commit an error in my trades. Just recently, when BTC was above $12,000, I set a buy order at $11,000 thinking that if ever it will correct its way down, it will bottom out at $11,000. Apparently, it proved to be wrong and was based on an erroneous analysis. But I will not allow to just accept my loss. I would rather wait for another month or two than just sell with a loss.
But take note, this might never apply to the majority of altcoins.