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Belief Bias & Bitcoin: A Cognitive Trap for Investors and Skeptics Alike

Belief bias is a cognitive error where people accept or reject arguments based on whether the conclusion aligns with their existing beliefs—not whether the logic is sound.

This bias plays a huge role in how people view Bitcoin.

🔸 If someone believes Bitcoin is a scam, they’ll dismiss sound arguments about its decentralization, scarcity, or role as a hedge against inflation—regardless of the evidence.

🔸 If someone believes Bitcoin will change the world, they might uncritically accept poor arguments just because the conclusion feels right.

The danger? Belief bias short-circuits critical thinking. You stop evaluating the argument and start defending your identity.

In the Bitcoin space, that leads to:

1️⃣ Maximalists ignoring legitimate critiques (like mining centralization or Layer 1 scaling limits)

2️⃣ Critics ignoring how Bitcoin has consistently outperformed traditional assets over the long term

3️⃣ Both sides talking past each other instead of to each other

🧠 If you're bullish, challenge your assumptions. If you're skeptical, do the same. Truth doesn’t care what you believe—it just is.

Bitcoin deserves better than tribalism. So do you.

#Bitcoin #CognitiveBias #BeliefBias #CriticalThinking

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Ivy Lockman 7mo ago

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