Investing in #Crypto? Here are 7 cognitive biases to avoid. (Part -1)
Have u ever:
- fomo'ed into a coin at ATH?
- sold ur bluechip for shitcoins?
- lost 50% on a coin and then a 45%, because u didn't cut ur losses?
All this is bcz of cognitive bias, or "thinking errors"
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Do you sit at a computer for longer than 6 hours a day?
You’re destroying your body if so.
Here’s the setup you need to protect yourself from posture problems and crippling long-term injuries:
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I studied exactly what got people rekt last cycle.
Turns out, growing your portfolio is simple:
You need to win based on averages, not outliers.
Avoid these 6 traps to win more consistently.
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@stablekwon So if the biggest issue with $UST was that it became collateralize, then why is now NOT the best time to rebuild a truly decentralised UST? You anyways don't have a collateral left. I personally think, $LUNA is nothing without $UST.
Investing in #Crypto? Here are 7 cognitive biases to avoid. (Part -1)
Have u ever:
- fomo'ed into a coin at ATH?
- sold ur bluechip for shitcoins?
- lost 50% on a coin and then a 45%, because u didn't cut ur losses?
All this is bcz of cognitive bias, or "thinking errors"
🧵 1/10
What if $UST gets back to peg and $LUNA goes to $1 (doable kind of expectation). Imagine someone who has put in $10 at current prize. We will have new millionaires. Even if that $10 goes to zero from here, who cares?