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RE: Cryptocurrency Bias And The Brain - Altcoins Cognitive
Really enjoyed this video on what I call behavioral finance from my academic days. I think it is extremely valuable to take these factors into consideration as I think they are exaggerated in times of volatility like we are witnessing. I also recall another effect called the “snake bite effect” where people will not trade an asset because they once lost money in a similar situation; this is interesting as many people who rushed in early this year are hurt and may be experiencing this which will impact adoption and growth in many of these assets. Very relevant discussion here... I will resteem to share!