Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Just thinking about uninstalling the app so I don't see or feel bothered, waiting for a full moon night miracle to happen? Let me tell you, getting out of a trap in the crypto world is not that mysterious.
I used to do the same. Staring at the three most fallen coins in my account, I made up my mind and pressed uninstall. My mind was full of fantasies—reinstall in a month, and the green would have turned red. But reality slapped me hard. When I logged back in a month later, those three coins were still firmly stuck there, with even deeper declines.
Having been in the crypto space for nearly three years and seen all kinds of market conditions, I gradually realized a fundamental logic: getting out of a trap relies not on waiting or praying, but on strategic action combined with discipline. I’ve整理ed my hard-earned experience into a list of practical tips.
**Most common stupid mistake after being trapped: pretending to be dead**
"Just don’t sell, and you haven’t truly lost"—this is the first reaction of most people, including me. Believing that as long as you hold on, one day it will bounce back.
But this pretending-to-be-dead strategy has a very critical prerequisite: the coins you hold have real fundamentals and long-term value support, and your funds are not urgently needed. What if you’re holding air coins or pure scam coins? Then pretending to be dead might really mean waiting to die—these kinds of coins are very likely never to return to your original purchase price.
My own lesson learned is: instead of passively pretending to be dead and waiting, it’s better to actively respond.
**Three methods to get out of a trap, and how to use them effectively**
**1. Stop-loss: losing clearly**
Stop-loss sounds simple, but executing it tests your mentality the most. However, if used correctly, it’s the most effective. The core is just one sentence: face reality, preserve your capital, and prepare for the next move.
When is stop-loss absolutely necessary? When the logic behind your initial purchase has completely collapsed. For example, if the project team releases negative news, fundamentals continue to deteriorate, or the overall market environment has reversed. At this point, it’s not about persistence; it’s about decisiveness.
**2. Averaging down: only if you have a plan**
This might sound like gambling, but it’s not. If you believe in the future of a coin, you can buy more in stages as the price continues to fall, lowering your average cost. But this absolutely requires a clear plan—how much to buy at each level, how many times in total, and what your psychological bottom line is. Blind averaging down is just pouring money into a pit.
**3. Switching tracks: sometimes turning around is wiser than holding on**
Some coins are truly hopeless. Instead of watching them every day, it’s better to cut losses and switch to promising new projects. It may sound like taking a loss, but if the new choice can succeed, it can offset previous losses. The key is to pick the right next target and avoid jumping from one hole into a bigger one.
**Final words**
Many crypto beginners make the mistake of treating getting out of a trap as a gambler’s dream of turning losses into gains. In fact, getting out of a trap is a lesson the market teaches you about costs. Some learn to respond flexibly after one loss; others wait endlessly for miracles after a hundred. That’s the difference.