Opinion: Unless fully holding BTC or stable coins, investors should stay actively attentive to market trends

Cryptocurrency analyst Miles Deutscher tweeted, "The mentality of avoiding problems is the biggest killer in the crypto industry." He admitted to losing millions of dollars during this cycle due to neglecting to lock in profits and failing to recognize risk signals in time. He pointed out that when the market is good, it's easy to let your guard down due to enthusiasm; but when the market is low, you may overlook portfolio management because of avoidance psychology, missing buying opportunities or necessary risk aversion.

Miles shared a personal example where he had foreseen a weakening trend for the dollar but failed to hedge adequately, resulting in significant losses on foreign exchange trades. 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 loss-making portfolios might be a manifestation of avoidance psychology, but this would only exacerbate problems as portfolios need continuous management. In his view, unless completely holding BTC or stablecoins, investors should stay actively engaged with market trends.