Li Hua Yi: It's important to preserve capital in a bear market, be wary of on-chain theft incidents
Yili Hua posted on platform X stating that it is important to preserve capital during a bear market. Incidents of theft on the blockchain are frequent, and in pursuit of a few percentage points of profit, the result can be the loss of the entire principal, just like many investment mistakes made in the past. There is always risk in investing, even if the money is held in an exchange or in financial management and mining.
Our number one principle now is to always have profit-taking and stop-loss strategies. You must always consider how to respond in the worst-case scenario. Otherwise, the most regrettable situation is when a bull market arrives, and the principal is gone. Investing should be optimistic, but risk control must be rigorous.
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