trading with stop loss is if in futures or forex aka trading with leverage because if without stop loss can MC and run out.
if trading on spot without SL is a normal thing. I never use stop loss at all. but yes, trading on spot if the price drops, just stake it waiting for the coin price to rise again.
I am aware that futures trading has a leverage, but not with forex trading. All the time, I thought it was like a default spot trading here in crypto but the only difference is in forex trading we are using traditional currencies. But indeed that for a risky trade like them, we will need the help of a stop loss.
In spot trading, I think the reason why many are not using a stop loss, is because there is a chance that they can recover if they will just wait for a while. But that may not be possible in other forms of trading. There are still some spot traders who use a stop loss. I think they are just being careful. Well, indeed that it's to better safe than sorry.