You are viewing a single comment's thread from:
RE: Your Crypto losses might be worse than you first thought
I don't understand....a loss is not a loss until you sell, and if you get to 90% loss and sell, you're an idiot (if it's not a shit coin). 90% loss means it got down 10x, which crypto can easily get back to if you expect the bull run back (history shows most crypto - legit crypto - got back if you look at 2014 history). All you need to factor are the trading commissions which for Binance are not that big, and are patient. That's why I don't day trade but rather invest.
I'm not really promoting any kind of trading style in this article. A loss of 90% would mean you need to make 900% to get back to breakeven. This is why some investors and traders use stop-losses.