If you lost money on bitcoin or other cryptos today, it might be because you can’t trust your memory, according to new research

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Last Updated: Sept. 7, 2021 astatine 3:36 p.m. ET First Published: Sept. 7, 2021 astatine 10:03 a.m. ET

Researchers recovered 2 kinds of representation biases: distortion and selective forgetting

The clang successful bitcoin and different cryptocurrencies Tuesday was a stark reminder of the dangers of overconfidence.

As podcasts, blogs and videos were filled with can’t-miss predictions of bitcoin BTCUSD imminently hitting $100,000 oregon adjacent $1 million, traders took connected tremendous amounts of leverage to buy, buy, buy, convinced they could prime the adjacent large winner.

When...

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