Viewpoint: Unless fully holding BTC or stablecoins, investors should stay actively aware of market dynamics

ChainCatcher news, crypto analyst Miles Deutscher tweeted that the "avoidance mentality" is the biggest killer in the crypto industry. He admitted to losing millions of dollars in this cycle due to neglecting to lock in profits and failing to identify risk signals in a timely manner. He pointed out that when the market is good, it's easy to let one's guard down due to euphoria; while in a downturn, one might ignore portfolio management due to an avoidance mentality, missing out on buying opportunities or necessary risk mitigation.

Miles shared a personal example where he anticipated the weakening trend of the dollar but failed to hedge adequately, resulting in significant losses in forex trading. He emphasized that action is more important than opinion in investing, and advised investors to remain objective and continuously assess risks and opportunities. He also mentioned that avoiding looking at a losing portfolio might be a manifestation of avoidance mentality, but this only exacerbates the problem, as portfolios require ongoing management. He believes that unless one is fully holding BTC or stablecoins, investors should stay actively aware of market dynamics.