One strategy to overcome unit bias in #crypto investing is to look beyond the price of a digital asset and consider its market cap.
Buying cheaply priced #Cryptocurrencies may seem like a good idea, but it is important to evaluate assets on their merits, including their tokenomics, developer team, originality, liquidity, and circulating supply.
Another strategy is to buy fractional shares of a cryptocurrency through exchange-traded funds (#etf ), which can make exposure more affordable and accessible.
Additionally, investors can consider buying smaller units of a cryptocurrency, such as Satoshis instead of a whole #BTC , to overcome the psychological barrier of owning only a fraction of an asset.
Finally, it is important to be aware of cognitive biases, such as unit bias, and to develop solid #cryptocurrency risk management strategies to overcome them.
