Will I definitely get my money back if I keep holding the spot?
Maybe I am different from most people. I think it is also necessary to stop loss in time for spot transactions!
Once it falls below 20%, you will need to see a 25% increase to make your money back.
In this case, if you buy junk coins, it will be a long time before you can get your money back.
There was a new currency called SAGA, I think everyone should be familiar with it.
It was the emergence of this new currency that led to the subsequent adjustment of Binance’s policies!
At that time, it was a new coin, and just after it was launched, the price did surge by 50% to $7.89. At that time, everyone was full of confidence in this coin, but in just one night, this coin stopped rising, and it has been falling all the way, and now it is only $0.9.
At that time, many people asked me whether they could still hold SAGA. My advice was that if the price drops beyond your psychological position, you should sell it. Don’t think about holding on to it to get your money back. In the cryptocurrency world, only Bitcoin can be held on to, and all other coins are fake.
You asked whether ETH can be held. My suggestion is yes. Why do I say that? This is everyone’s understanding. ETH has become the successor of BTC.
So many people listened to my advice and cleared half of their positions, but subsequent facts proved that the price fell directly below the bottom, without even a chance of a rebound to $6, and reached the next stage of support: $4. If you don’t clear your positions, the current SAGA position will almost fall.
In fact, I am not very willing to answer the question of whether or not to stop loss, because personally I will definitely stop loss in time, but if I suggest others to stop loss, I will easily be scolded if the price goes back up.
As a qualified trader, you must be extremely sensitive to prices. Grasping risks and returns and making the returns proportional to each other and preserving your principal are the only chances for you to continue in this circle.