Quote from: GreatArkansas on Today at 05:47:10 AM

Quote from: wayaneka on Today at 03:34:36 AM

In my opinion crypto trading on the spot market is lower risk than forex trading, because forex trading actually trading with use margin /leverage. I did trading forex for more than 4 year, but its really hard to earn profit consistently. But from crypto trading on spot market, I did make huge profit only for holding by longterm. Traders are more successful in spot markets such as stocks and crypto compared to the margin forex trading.

Yeah, you got a point for having margin or leverage in forex trading. But the one you mentioned doing spot trading for the long term, like you, and hold it for the long term?
You didn't put any stop-loss at all? It really risky too for me even you are doing spot trading without any proper way of trading especially considering the volatility of cryptocurrency.

I thought the same. When a long-term investor, stop loss must still be applied, especially in bearish times like this. If the stop loss is not done, the current loss may be 50%. Crypto is indeed a profitable investment for risk takers, but if you are not good at implementing strategies, you are ready to experience big losses. It looks easy by buying a coin that you like to make a profit, but if you are not careful then what initially promises can be very painful when you lose.