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Cryptocurrency Trading / Re: Saving... Investing... Speculating... Gambling? (Poll)
« Last post by Rubel007 on Today at 02:01:02 PM »The market has been doing the stable attitude for a long time. It's trying to settle between $62-$64k but it just can't settle. I think it will correct again in 50k. Almost everyone who is an alt holder has set a stop loss limit. If there is any major change in the market then they will be safe there. Different strategies work for each trader. However, I am taking utmost caution in investing in altcoins at this time because there is a possibility of correction.As a trader, I prefer to use the stop loss feature for my altcoins. This minimizes the losses that I will experience, because market conditions are still undergoing correction, so we have to be careful in this matter.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.It depends on the strategy applied for a person's trading or investment. Because if you think about it, the stock exchange would not include useless features, therefore the stop loss and stop limit features are often used by traders, especially daily traders who monitor prices every day.
Currently the price of Bitcoin is experiencing a correction again, there are still many reasons to hodl, and I'm sure some people have set their stop loss at a certain level according to the loss tolerance they can bear.