We know people like choices. However, there are situations where the choices can get to the point where it is overwhelming.
In this video I discuss the causes of this, where it stems from, and how people usually respond. Also, I relate it to crypto, starting with the ICO craze.
▶️ 3Speak
For sure, it's quite a quandary. Good to have options - to a point - but it does become overwhelming.
Related: Thread with a video summary of the book The Paradox of Choice…
https://inleo.io/threads/view/adambarratt/re-leothreads-wms6clqb
The choice regarding cryptocurrencies is very difficult, especially with the collapse of large platforms such as FTX and currencies such as Terra, and this is what makes the matter not random at all, even if small projects are avoided.
For me, what makes the choice overwhelming is FOMO and racing without thinking and good study, such as what happened last year with some NFTs and how they have become today after they were worth millions of dollars.
🤩 !PGM
The volatility and the collapse of major platforms certainly highlight the risks involved in the cryptocurrency space. It's essential to approach crypto investments with caution and thorough research. Diversifying your portfolio and focusing on more established cryptocurrencies can mitigate some risks, but it's crucial to stay informed and be prepared for market fluctuations.
Choice is really difficult to make with regards to cryptocurrency