Popular influencer Lark Davis is warning that most investors will lose money in spite of rising prices in the crypto markets.
In a recent video, Davis cautions his 194,000 YouTube subscribers that, even in a bull cycle, most investors end up losing their crypto gains in the long term.
As such, the analyst names a few key strategies to hold on to profits and avoid life-ruining losses this cycle.
The prominent analyst observes that most crypto investors fall into a vicious cycle of FOMOing into rallies, and then panic selling on retracements, constantly following crowd mentality and social media hype until they lose most, if not all, of their initial capital.
Davis also stresses the need for a clear understanding of the risks one is willing to take on before investing, noting that many traders get “way in over their heads” and get stuck in a project.
With all the complexity and moving parts of the crypto markets, Davis tells his viewers that it is okay to get out of certain coins when it feels like they no longer have a clear upside or value.
In addition, the crypto advocate emphasizes the need to secure your gains by learning how to click the “sell button.”