We all fall victim to confirmation bias—it’s our tendency to seek out and interpret information that aligns with what we already believe, while ignoring anything that challenges those views. This cognitive bias is particularly common in crypto trading, where people often focus on data that supports their optimism or pessimism about the market, while dismissing contradictory evidence. It can lead to irrational decisions and missed opportunities.
To deepen your understanding of this phenomenon, I recommend reading the insightful article "Science Behind Crypto Misconceptions: Confirmation Bias". It breaks down how this bias affects traders and investors, ultimately shaping perceptions of cryptocurrencies. Understanding confirmation bias can help you make more balanced decisions by critically evaluating all information, not just what fits your narrative.
A great article to read
Science Behind Crypto Misconceptions: Confirmation Bias
https://safu.im/66RuNmzY
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