A Danger To New Investors
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure
Bitcoin analyst Samson Mow cautions that psychological biases are deceiving new cryptocurrency investors. The CEO of Jan3 recently noted that most new entrants to crypto markets are being misinformed by what economists refer to as “unit bias,” leading them to make wrong investment decisions based on the price of coins instead of real value.
Investors Misled By ‘Cheaper’ Altcoins
Inexperienced investors tend to confuse cheaper-priced altcoins as good bargains against Bitcoin, says Mow. “Most alts exploit unit bias by having a very high supply, so people can’t tell what they’re…
