[herendin]

>There is honestly no price I could buy it at where I would be willing to hold.

Really no price? Even given the opportunity to buy at $10, you still wouldn't hold?

[alexanderchr]

If you believe its value is going down you wouldn't want to hold at any purchase price.

[mberning]

Are you confident it won’t go to $5? I’m not.

[factsarelolz]

I would be very confident I could sell before it hits $5.

[throwaway290]

What if you're asleep when it falls?

[factsarelolz]

Uhhh you set a stop loss number.

If it hits x sell. So if I was given a coin currently "worth" $15,000 for $5. I could set a stop loss of $6 and always make a profit since my initial investment was $5. Asleep, awake, doesn't matter.

[amanaplanacanal]

Stop losses can fail when prices are falling quickly enough.

[factsarelolz]

Set multiple stop losses? $6, $5.99, $5.75, etc, etc. if one fails one of the others will catch it. Hell as long as it sells before $5.01 I'm profitable. Simple as.

[owaislone]

What difference would that make? You can invest $50k at $10k a piece or $10 a piece. In both cases it can easily go to $5k or $5.