Is it worth using the Stop Loss when the market is in the bottom?

[esdrase]

I have used the stop loss to protect my investment, but with this market bleed, I have doubts if it is worth using Stop Loss. What do you think?

[Bittalk12]

Setting a stop loss is always a must when trading. It is your safest route to save your funds with huge lost or minimize the risk specially if the market is super unstable. I also shaking my head seeing the longest bearish days in my entire trading. I also lost so much because my portfolio went down for over -50% of my original investment. What i am doing now is to multiplying the number of my altcoin i am holding to atleast maximizing my ROI when the right time comes.

[tamango]

Personally I don't use and don't like stop loss in crypto market because the volatility is too high and also there is no full trasparency with transactions so market can be manipulated  expecially with little coins..

[fracas]

Personally I don't use and don't like stop loss in crypto market because the volatility is too high and also there is no full trasparency with transactions so market can be manipulated  expecially with little coins..

Yeah, must quote this. This market is not predictable and very high-volatile, moreover new highs are often seen after huge drops so you would risk to lose the big gains using stop losses when trend reverses itself. If you invested in many low-valued altcoins you should just consider that some could go to zero or near zero and hoping that with the other choices you will compensate losses on coin failures. It's better to point on dropped but value-oriented projects, supported by both strong development (GitHub) and community (Telegram\Discord and Twitter). Even if you don't buy the bottom I wouldn't put stop losses, because sooner or later a mega-pump could happen, when masses realize the project value and FOMO starts, and this can happen after historic lows.

[webtricks]

I have used the stop loss to protect my investment, but with this market bleed, I have doubts if it is worth using Stop Loss. What do you think?

Use of Stop Loss depends more on your Investment Strategy rather than market conditions. If you are cautious trader then use of Stop Loss is always recommended no matter market is going up or down because crypto market unlike traditional security market is highly irregular due to non-regulations and small spread. So any coin can pump or dump anytime due to hundred of reasons. However, most of the traders don't use Stop Loss as crypto market is market of risk and patience. So even if your coin falls below your estimation, keep HODLing it and eventually it will go up as crypto market has tendency of upward movement in long run.

[anjohyx]

That means you're daily trader? If yes, Must use Stop loss to limit a loss or to protect your profit, but i don't use it because I'm prefer long term holding my assets, don't care market dip or not, just wait for bull market and gain profit

[l10no]

Although the current market is showing a huge drop in prices, the use of stop loss remains very useful to prevent us from losing more, with that we do not lose much.

[Meraki]

I have used the stop loss to protect my investment, but with this market bleed, I have doubts if it is worth using Stop Loss. What do you think?

The first thing you need to do is to keep calm, dont ever think negative even though the price is bleeding it will still comeback and recover when the times comes. Continue to hold into your coin and dont sell them if you need market. because for sure bull run will emerge.

[Sahyadri]

I have used the stop loss to protect my investment, but with this market bleed, I have doubts if it is worth using Stop Loss. What do you think?

Stop loss are always recommended. People lose more in trades by not investing in a right coin but because not cutting their losses at the right time. Crypto market is so unpredictable that you can't really make out the next market move because of high manipulation. Thus, having stop loss at place won't hurt you. If you think we already testing the bottom, you can go for a higher percentage stop loss.

[zeze18]

I have used the stop loss to protect my investment, but with this market bleed, I have doubts if it is worth using Stop Loss. What do you think?

Stop loss is always worth in any market situation because in crypto everything could happen, it could be happen that coins you hold will be delist on the market or even it's scam so the price will drop so much.
So, use stop loss in every market condition.

[nhattori27]

Cryptocurrency market is very volatile, so using stop-loss is always a good strategy. It will protect your funds from big losses. It depends on you how much risk you want to take, if you want to play safe then you should always use stop loss.

[alian17]

If it's my word. You need to look at specific projects. If this project is indeed very valuable and innovative in the future. Then the project is worth holding. Even if you lose money now, it may bring you a return on investment in the future. If this does not have any technical features. So I suggest to stop the loss in time.

[esdrase]

I decided to adopt a strategy that mixes a bit with your comments. For projects in which I have greater confidence, I will always buy in the deep and not use the stop loss. For altcoins that I believe to have potential, but I do not have total confidence in the project I will define a strategy for stop loss.

I think this is an interesting strategy. What do you think?

[jagaban]

Why would you be trading in a bleeding market in the first instance? Stop loss is best used by day traders in a stable market not now that every thing is dipping wildly. It is better to hodl in a bearish market than use stop loss.

[hastag_80]

I have used the stop loss to protect my investment, but with this market bleed, I have doubts if it is worth using Stop Loss. What do you think?

I thinks this is insane on making a trading in bleeding market situation,but anyway thats your idea and we respect for that your stop loss idealistic way,otherwise theres some news feed thats theres coming a big bullish in this remaining months of this year,maybe in this idea you this is the time you can gain good profits and those your loosing capital you can regain.

[Indrawan77]

Stop loss is very important in every trading, it will help you to prevent more lost, and it is useful in every condition whether bull market or bear market, and in bear market stop loss could be very useful because the tendency of the price to keep on sliding down

[lghdt943]

Personally feel that it is necessary, this is just a personal strategy and method for you. If you are a careful and careful investor, I suggest you set your own stop loss point because the encryption market is very volatile. However, as a newcomer, it is easy to be trapped without knowing the market conditions, and it is easy to make wrong decisions in case of panic.

[BTCwin1]

First of all, it's up to you. If you judge the market is at a bottom, you don't have to do anything.
Because the market may soon have a big rally, if you sell, you may miss the profit.

[Siren]

I have used the stop loss to protect my investment, but with this market bleed, I have doubts if it is worth using Stop Loss. What do you think?

It depend on how dip the value of your coin has,because i believe that if 30% value of your capital has been lost so better continue holding and forget about the stop and loss strategy otherwise you will be burden to more dipper as we all knew market is recovering even if it took a long time whats important is you may gain the losses and may profit enough from that said recovery

[darmin]

If it's too fall deeply in better hold only. using that way will only make huge losses. If the recent losses are just a few percents then the way it was natural to do. with secure can also by holding down and be patient and thus more promising especially for the long term.