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

Odaily Planet Daily News Crypto analyst Miles Deutscher said on the X platform that the "avoidance" mentality is the biggest killer in the crypto industry. He admitted that he lost millions of dollars in this cycle due to neglecting to lock in profits and failing to identify risk signals in time. He pointed out that when the market is good, it is easy to relax vigilance due to enthusiasm; when the market is sluggish, it may ignore portfolio management due to avoidance psychology, miss buying opportunities or necessary risk avoidance. Miles shared a personal example. He had foreseen the weakening trend of the US dollar, but failed to hedge adequately, resulting in significant losses in foreign exchange transactions. He emphasized that actions are more important than opinions in investment, and advised investors to remain objective and continuously evaluate risks and opportunities. He also mentioned that avoiding viewing 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 BTC or stablecoins are held entirely, investors should remain active and pay attention to market dynamics.