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Bitcoin has just smashed through the $93K barrier, and the euphoria in the market is palpable. But in this episode, Doc and Oz take a step back from the excitement to dive into the psychology that drives these price movements. It’s all too easy to get swept up in the hype during a bull run, but understanding the emotional biases at play is crucial to protecting your portfolio.
From the fear of missing out (FOMO) pushing traders to chase the latest hot tokens, to overconfidence bias tricking even seasoned investors into reckless trades, Doc and Oz unpack the hidden psychological traps that can lead to costly mistakes. They delve into why some investors hold onto losing positions out of sheer stubbornness, how social media can amplify herd mentality, and why being aware of these biases can be the difference between cashing out profits and becoming exit liquidity.
With real-world examples from the latest market movements and insights drawn from years of experience, this episode offers actionable strategies to help you navigate the current market with a clear head. Whether you’re a long-time hodler or new to the crypto space, this episode is packed with practical advice to help you stay disciplined, avoid the hype, and make smarter decisions as Bitcoin reaches new highs.
Tune in, sharpen your mindset, and learn how to master your emotions before they master you.
Date of podcast recording: Thursday 13th November '24
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