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What are the potential drawbacks of ignoring implicit costs in cryptocurrency investments?

avatarmtcarpenterMar 07, 2022 · 3 years ago1 answers

What are the potential negative consequences of disregarding implicit costs when investing in cryptocurrencies?

What are the potential drawbacks of ignoring implicit costs in cryptocurrency investments?
Cryptocurrency
Investments
Implicit Costs

1 answers

  • avatarSAMYAK KHADSEMay 03, 2021 · 4 years ago
    Ignoring implicit costs in cryptocurrency investments can be a costly mistake. Not only are you potentially missing out on better investment options, but you're also exposing yourself to unnecessary transaction fees and storage costs. Diversification is crucial in the crypto market, and by ignoring implicit costs, you're putting all your eggs in one basket. Don't let FOMO blind you to the potential drawbacks of ignoring implicit costs. Consider the bigger picture and make informed investment decisions.

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