In the volatile battlefield of Bitcoin, no one can hit the mark every time. Even the most experienced traders cannot escape the sudden onslaught of black swan events and drastic market changes. You think you've bought at the bottom, and in the blink of an eye, there's a waterfall-like drop; you believe holding on is the way to go, only to wake up to find your account halved. This heart-wrenching pain, once experienced, makes you never want to go through it again!
Stop-loss is your life-saving float in the midst of raging winds and giant waves! It is not giving up, not weakness, but the smartest way to "play it safe." It helps you lock in a single loss within a range you can bear, like installing a safety gate on your position, preventing small losses from turning into large losses, and ensuring that a single mistake doesn't wipe out the hard-earned capital you've accumulated.
It's important to know that surviving in the cryptocurrency world is the true way to succeed! By decisively setting a stop-loss today, you protect the spark for a comeback; when the market warms up tomorrow, you'll have the confidence to return and seize the next opportunity to double your investment. Those clinging to the obsession of "holding on to recover losses" often find themselves dragged into an abyss with no bottom, with no chance for a comeback! $BTC
