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Cryptocurrency Trading / Re: Saving... Investing... Speculating... Gambling? (Poll)
« on: Today at 05:39:14 AM »Yes, on Bitfinex, Coinbase, Binance there is a stop loss feature, this is done to minimize losses if the price falls sharply. but actually at this time we don't really need that feature because when the price goes down we just hold onto our coins and the price will go up again.undoubtedly there are risks, but those who do not do it professionally and have no experience simply do not know how to mitigate these risks and therefore are unable to be efficient and effective.If we use well-known exchanges such as Bitfinex, Coinbase, Binance etc. they will provide a stop loss feature which, as you said, is mandatory to minimize losses from the future trading that we do. However, when we use traditional trading, it seems that this feature is not really needed.
For example, many don't consider that putting the STOP LOSS sign is mandatory if you don't want to lose money, they think it's superfluous, which it isn't.