Market Psychology: The Problem with Crypto Hype Beasts — The Rewired Soul

The Motivated Reasoning of Influencers

Optimism Bias Can Get You Hurt

  • Why is this person so hyped about this coin?
  • What evidence do they have that backs this up?
  • Have any similar crypto projects failed? If so, why?
  • What’s the “moat” for this crypto project that gives it a margin of safety?
  • Does the person who is sharing this information have any motivated reasoning?
  • Have I properly done my own research into this project and looked for the best arguments against it?

The Ever-Present Confirmation Bias

--

--

Psychology/mental health/philosophy. Stay up to date by following me here & on Twitter/Instagram @TheRewiredSoul. Books available at www.TheRewiredSoul.com/shop

Love podcasts or audiobooks? Learn on the go with our new app.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store