101 Series: Cognitive Biases
Today we’re taking on a topic that is extremely important in the cryptocurrency world, but is applicable in all areas of life: Cognitive Biases. These are the pre-programmed ways our brain is constructed to deal with the things life throws at us. From trying to get even on a bad trade, to refusing to sell a coin no matter what we hear bad about the project, may of the ways in which we react to the swings in the cryptocurrency community will be easier to understand when you understand your own biases. We go over some of the common biases, and then give some crypto and non-crypto examples of each one. Expand your mind in 101 Series: Cognitive Biases
LINKS TO TOPICS FROM THE SHOW
Great book on the subject. This is NOT a referral link, simply a good resource we thought we’d share.
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These links are all referral links for us, but we use every one of these exchanges and wallets.
Robin Hood is getting in the crypto game! You get a random stock valued between $2 and $200 and so do we, this is super exciting. Robin Hood has been one of the best experiences we’ve had with an “old school” exchange, and we’re super excited that they’re going to be bringing their talents to crypto.
CASH APP HAS BITCOIN! If you sign up through that link the show gets $5 and so do you! Stop the presses. The easiest to use money transfer application (yes it's easier than Venmo) now as a built in way to buy and sell Bitcoin. They even have a no - fee debit card you can use.
Binance Exchange Binance is the primary location for many of the coins that are not available on CoinBase. They have the best user experience, don't use the USDT as a primary trading pair, and have reasonable customer service. Give them a look.
Ledger Wallet Website This is where you buy the hardware wallet that we're always talking about on the show - we all use a Ledger Nano S.
Theme Music - Neledrax by Earradiate (2017)