In the volatile realm of cryptocurrency, where uncertainty permeates every corner, the importance of risk minimization cannot be emphasized enough. Changpeng Zhao, the esteemed entrepreneur and founder of Binance, one of the largest cryptocurrency trading platforms, succinctly captures this sentiment by advising, ‘If you can’t sleep at night, make your position smaller,’ and ‘if you are stressed about your position or leverage, reduce the size of your investment.’
