In my opinion, the stoploss is not much important if you are investing a little amount like 10$, 20$ .or if you are long term trader and spot trader. But if we are investing a huge amount like 100$,200$ and if you are future trader and margin trading then the use of stoploss is more important as we cannot predict the nature of market, as the crypto market is very volatile and the only thing to not use stoploss is your rresearchc on the particular crypto tokens.
Indeed. Stop loss is very important in trading. I never trade without stop loss. It's like an armour in a battlefield. Even an expert who have lot of experience in trading will surely need this kind of strategy. I think that Stop Loss is also helping in some other way, and I don't see any wrong if ever someone use it when they do trade in the actual platform anyway. Stop Loss help us control losses unlike using it we might get feel bad and regret if we don't set it up our loss methods. I remembered not using stop loss and liquidated my whole funds because of it.