PANews reported on April 4th that crypto analyst Miles Deutscher tweeted that the mentality of "avoiding problems" is the biggest killer in the crypto industry. He candidly admitted losing 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; while when the market is low, investors might ignore portfolio management due to avoidance psychology, missing buying opportunities or necessary risk aversion.
Miles shared a personal example where he had foreseen the weakening trend of the dollar but failed to hedge adequately, resulting in significant forex trading losses. 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 only exacerbates the problem, as portfolios require continuous management. He believes that unless completely holding BTC or stablecoins, investors should remain actively engaged with market dynamics.
