TechStuff cover image

Critical Thinking and Tech Evangelists

TechStuff

00:00

The Sunk Cost Fallacy in Cryptocurrency

If you invested tens of thousands of dollars into this cryptocurrency, and then it drops in value by 40%, that means you lost 40% of your investment. That doesn't really feel good to get out of the system with significantly less money than when you went into it. You might start to feel sick because you've lost so much money in your investment. But here's the thing, this kind of operation is frighteningly similar to scams, like pyramid schemes or multi level marketing schemes.

Play episode from 10:46
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app