Basically, whether you can survive until the next bull market depends not on how well you can chase gains, but on whether you know how to cut losses and manage your position.

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WHY IS A RISK MANAGEMENT STRATEGY IMPORTANT IN CRYPTO ?
• It's common knowledge that crypto, as an asset class, is one of the higher-risk investments available to the average investor. Prices have proven to be volatile, projects can crash overnight, and the technology behind blockchain can be challenging for newcomers to understand.
• With crypto moving rapidly, it's imperative to employ sound risk management practices and strategies to reduce your exposure to potential risks. This is also an essential step to becoming a successful and responsible trader.
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