An acceptable state, however buying whenever with well defined stop loss shouldn't cause any problems as long as you're happy with the sl and the losses you may make...
The only aspect i avoid in the
BTCitcoin market is putting a stop loss as the market could recover in a moments time and then you end up in a heavy loss, this is a unique market where stop loss function has its own risk as the market recovers quickly as it went down and you wont get a chance to enter again during that period. The only concept i follow is to wait for the market to recover and the idea of halving and a rally is still eminent and with that confidence i would not risk the stop loss function. In any other scenario it is a great option.
Yeah I do a lot of leveraged trades so I have to determine an accurate liquidation and stop loss price before I open the trade... Typically speaking if your stop is anywhere from 5-20% for a short term trade, you're normally alright. With less risk at the 20 end and further down.
If you're not using leverage stops don't matter unless they're at key levels. If you had a stop at $5000 for example then you'd have done well in 2019 when we stumbled below that mark.