14 Common Cognitive Biases Crypto Traders Need to Avoid
To be a better crypto investor, I research hundreds of cognitive biases. Here are the 14 most important: Unit deviation People would prefer to buy "whole units" of tokens rather than a fraction of them. This is why meme tokens exploded. Don't overstate the value of a coin just because it's "cheap". Learn how market cap works.Anchoring Bias Over-reliance on the first piece of information you have. You've heard of $1,000 Bitcoin . You missed it. Then it goes up to $5,000. You don...
14 Common Cognitive Biases Crypto Traders Need to Avoid
To be a better crypto investor, I research hundreds of cognitive biases. Here are the 14 most important: Unit deviation People would prefer to buy "whole units" of tokens rather than a fraction of them. This is why meme tokens exploded. Don't overstate the value of a coin just because it's "cheap". Learn how market cap works.Anchoring Bias Over-reliance on the first piece of information you have. You've heard of $1,000 Bitcoin . You missed it. Then it goes up to $5,000. You don...
