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Dipendra69
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Dipendra69
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Hey Viewer's....... Here is Todays WOD The Science Behind Our Stubbornness: A Double Barrier to Change Status quo bias refers to the preference for the familiar, which causes people to stick with what they already have rather than trying something new. Psychologists believe this bias comes from a deep-seated desire for security and predictability — when something feels familiar, it often feels “safer.” Take someone who takes the same route to work each day. Even though they know of a new shortcut that could shave off a few minutes from their journey, they may avoid it because they’re already used to their current route. Since they know the familiar path well, they may stick with it even at the expense of time. Meanwhile, the endowment effect, quite a similar phenomenon, causes people to overvalue things simply because they own them or are invested in them in any way, regardless of the item’s objective worth. This effect becomes even stronger when significant time or resources have been invested, making it harder to let go, even when a replacement would be more practical. Imagine someone who owns an old car that requires frequent, costly repairs. Each repair strengthens their attachment, as they feel the time and money spent must add to the car’s worth. The time, effort, and money they've put into keeping it running make it seem more worthwhile to keep, even though, from a financial perspective, it’s a poor investment. The car’s market value continues to drop, and the frequent repairs cost more over time than investing in a newer, more reliable model would. This ongoing cycle makes it harder for the owner to recognize that holding onto the car isn’t truly cost-effective. Together, status quo bias and the endowment effect can create a powerful resistance to change. The familiarity of the status quo provides comfort, while the endowment effect inflates the perceived value of past choices. Cash is King?
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#CryptoMarketDip The ongoing correction in the crypto market mirrors the weakness witnessed in US equities. The S&P 500 dropped by 1.1% to close the day at 5,509.03 on Jan. 7, while the Nasdaq composite index declined by 375 points. The Dow Jones index clocked its second consecutive daily loss, dropping 0.61% to close the trading day on Jan. 7 at 42,528.36. “The S&P 500 is now down 75 points today and has erased its year-to-date gain,” said capital markets commentator The Kobeissi Letter in response to the market’s reaction to the economic data prints.
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$BNB BNB’s price action has been impressive, recovering steadily from its consolidation phase. The breakout from the falling wedge has given traders hope for a bullish continuation. A move above $722 would not only confirm the trend but could also attract additional buying interest, driving the price toward $800. However, if BNB struggles to hold above $722, it risks revisiting the $649 support zone. This makes the next few trading sessions pivotal in determining whether the rally can be sustained.
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Hey Viewers...... Its 07-01-2025 Here is Todays #WOD #CryptoSkeptics lack Context. They see the industry from the Top-down rather than a set of high-tech decentralized Systems that enable unlimited digital ecosystem-building on the Top. Anyone involved with the industry is no stranger to doubtful sentiment about the future of #crypt . A contingent of people who see #cryptocurrency as akin to fraud have begun to organize. Its a response to what they see as a crypto movement that has dominated discussion of this still-new technology both online and in #Washington ...
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#BitcoinHashRateSurge Bitcoins Stunning gains this year have been attributed to optimism surrounding us regulatory developments. Investing just $100 into BTC today could lead to significant upsides in the future. Bitcoin is a volatile financial assets. it is important to be mentally prepared for price fluctuations. Based on a free market ideology bitcoin was invented in 2008 by SATOSHI NAKAMOTO an unknown person. Use of bitcoin as a currency began in 2009 with the release of its open source implementation. In 2021 El Salvador adopted it as legal tender.
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