If a coin costs just a few cents each, does that automatically mean it’s cheap? Don’t panic—the class rep is here with the answer:
Liking assets with low unit prices and thinking you get a better deal when you can buy “a whole bunch” is a mindset often called “unit bias.”
Spend the same amount of money, and whether you buy billions of tokens or less than 1 Bitcoin, your gains or losses depend only on the percentage change in price—not on the number of coins.
The first page of my study notes says: understand it before you place an order.
$PEPE 0.0₅403（+0.75%）
#PEPE
Liking assets with low unit prices and thinking you get a better deal when you can buy “a whole bunch” is a mindset often called “unit bias.”
Spend the same amount of money, and whether you buy billions of tokens or less than 1 Bitcoin, your gains or losses depend only on the percentage change in price—not on the number of coins.
The first page of my study notes says: understand it before you place an order.
$PEPE 0.0₅403（+0.75%）
#PEPE