Should quitting be an option as a crypto trader with years of experience who just encountered a massive loss because of a few shady characters? Anyone who has been trading long enough would agree that it changes your relationship with money. Trading helps you learn a lot about yourself, your emotions, and your patterns. If you have experienced trading loss in whatever form, do not be discouraged. Rather use it as a motivation to strengthen your resilience by adapting to a new approach. You already know how it is with the crypto markets, one has to be persistent and allow our hard-earned experience guide us toward future success. I just thought to write this little piece for anyone out there who is going through a difficult time in crypto trading.
If you are in the crypto space during the 2020 general collapse of the stock exchanges and cryptocurrency markets, you will see that a lot of prominent traders made a loss of their 5-10 years portfolio but some of them were smart, didn't sold but due to the corona spread and fear among people, some of them sold, I know about a YouTube that is smart and has been in this game of trading all his life but loss everything in a day, tragic loss in trading can happen to anyone.
The quiting part now depend on what really happen. If you are trader and what I just narrated above happened to you, why do you need to quit when all your life has been trading and nothing else. Taking some break wouldn't be bad but quiting is means you are a loser and you don't really rate your trading experience else I don't think there is a need to quit your source of income no matter the losses you encounter in the same businesses you have made more than your losses.