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.