Quote from: fortunecrypto on February 20, 2020, 10:30:40 AM

Quote from: emd023 on February 19, 2020, 08:49:55 PM

Common advice is to keep your currencies safe by placing them into storage. I feel this is risky considering coins have dumped to all time lows within short periods of time. The alternative would be to keep them on an exchange and set stop losses, however, this is also risky as exchanges or your account can be compromised. How do you manage these risks?

It's still goes down on the potential of the coin, I will be storing it in a cold wallet if I know the potential of the coin, but will never store it in exchange it has been advised hundred of times there is a huge risk storing your coins in a wallet, because you have no control on it, and the to many hacking going on.

This will work also, even the OP talking about stop-losses, he/she just wants to become well-updated on prices of his/her cryptocurrency.
It's not totally a stop-loss feature on an exchange, he/she will still decide at the end, like if the OP wants to stop-loss or cut losses, he/she manually transfer again those coins back to the exchange and sell it immediately at losses.
The only problem here is the withdrawal fee on the exchange + transaction fee for depositing it again to the exchange.