Opinion: Unless you hold BTC or stablecoins entirely, investors should stay active and pay attention to market dynamics

PANews reported on April 4 that crypto analyst Miles Deutscher tweeted that the "problem avoidance" mentality is the biggest killer in the crypto industry. He admitted that he lost millions of dollars in this cycle due to his failure to lock in profits and to identify risk signals in a timely manner. He pointed out that when the market is good, it is easy to relax vigilance due to enthusiasm; when the market is sluggish, it is possible to ignore portfolio management due to avoidance psychology, miss buying opportunities or necessary risk avoidance.

Miles shared a personal example where he had foreseen the weakening trend of the US dollar but failed to hedge adequately, resulting in significant losses in foreign exchange trading. He emphasized that action is more important than opinion in investment, and advised investors to remain objective and continuously evaluate risks and opportunities. He also mentioned that avoiding looking at a losing portfolio may be a manifestation of avoidance psychology, but this will only exacerbate the problem because the portfolio needs to be managed continuously. He believes that unless investors hold BTC or stablecoins entirely, they should remain active and pay attention to market dynamics.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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