Bitcoin Unit Bias

[Findingnemo]

100 one dollar bill is same as one 100 dollar bill so there is nothing need to worry if we can't buy the whole bitcoin since we understand the potential of bitcoin and the limited supply is only 21 million which itself we can attain only at the year 2140 bu by that time the world population maybe 15 billion or more so its doesn't make sense that we need to own 1 bitcoin or nothing.

[Artem Sereda]

Yeah, so when it comes to investing in altcoins, some investors get caught up in unit bias. They're all about buying a whole coin instead of looking at the bigger picture of how the asset is performing and what risks it comes with. I've actually seen a few of my friends and acquaintances fall into this trap and make impulsive decisions just because they want that full unit of the asset.

But the thing is, the value of an asset isn't determined solely by how many units you own. Just because you can buy a whole unit of an altcoin at a low price doesn't necessarily mean it's a good investment.

I would not say that investing in altcoins is a wise decision. Right now bank stocks are trying to shape the state of the market, and while bitcoin is not affected much, altcoins could be significantly affected, and not all coins will be able to withstand that impact.