Some of the most interesting biases in the world of cryptocurrencies include:
First Impression Bias with Bitcoin: Many people entering the crypto market tend to see Bitcoin as the only relevant option, ignoring other potentially groundbreaking blockchain technologies.
Confirmation bias in bull markets: During bull markets, investors tend to only seek information that confirms their optimistic expectations, ignoring warning signs.
FOMO Effect (Fear of Missing Out): The fear of missing out on opportunities leads people to make rash investment decisions when they see others making gains.
All-Time High Anchoring Bias: Investors often anchor their price expectations to all-time highs, even when market conditions are completely different.
Would you like me to elaborate further on any of these specific biases or explore others?