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.