“單位偏見”驅使許多投資者以犧牲比特幣為代價偏愛廉價的山寨幣

在加密貨幣世界中，“單位偏見”驅使許多投資者以犧牲比特幣為代價傾向於廉價的山寨幣。

In the ever-spinning carousel of crypto, a "unit bias" drives many investors to favor cheap altcoins over Bitcoin to an extent. But according to Samson Mow, this misperception creates a distorted view of investment decisions and fuels an illusion of value. As a result, BTC dominance could yet explode far beyond forecasts!

在不斷旋轉的加密賽旋轉木製中，“單位偏見”驅使許多投資者在一定程度上偏愛廉價的山寨幣而不是比特幣。但是根據Samson Mow的說法，這種誤解會產生對投資決策的扭曲觀點，並賦予價值幻想。結果，BTC的主導地位仍可能遠遠超出預測！

Unit Bias Destroys Newcomers In Crypto

單位偏見破壞了加密貨幣的新移民

Samson Mow, CEO of Jan3, penned a note on April 19, 2025, where he claims that “unit bias is destroying new crypto investors.”

Jan3首席執行官Samson Mow於2025年4月19日寫了一份票據，他聲稱“單位偏見正在摧毀新的加密投資者”。

According to the well-known crypto figure, this psychological error leads beginners to prefer a cheap altcoin over a fraction of Bitcoin. A phenomenon observed by behavioral economists. Indeed, individuals prefer to own a whole unit even if it has less value.

根據著名的加密數據，這種心理錯誤使初學者更喜歡廉價的Altcoin，而不是比特幣的一小部分。行為經濟學家觀察到的現象。實際上，即使個人的價值較小，個人也更喜歡擁有整個單元。

Result: altcoins with a high total supply appear more attractive than Bitcoin at over $84,000. For example, they would prefer 100 units of an altcoin at $500 over 0.5 BTC at $84,000, even though the total value is the same.

結果：總供應量高的山寨幣似乎比比特幣更具吸引力，超過84,000美元。例如，即使總價值相同，他們也希望100個替代幣，價格超過0.5 btc，價格為500美元，價格為84,000美元。

Overvalued Altcoins Without Unit Bias?

沒有單位偏見的高估山寨幣？

To better measure the impact of the unit bias, Mow proposes an interesting exercise: “What would happen if we evaluated each altcoin as if its total supply were that of Bitcoin, i.e., 21 million?”

為了更好地衡量單位偏見的影響，MOW提出了一個有趣的練習：“如果我們評估每個山寨幣的總供應量是比特幣的總供應，即2100萬？”

In this scenario, Ethereum would be worth $9,200 (vs. $20 at present), XRP would climb to $5,800 (vs. $13), and Solana would reach $3,400 (vs. $150). Respective increases of +278,000%, +470%, and +2,300%.

在這種情況下，以太坊的價值為9,200美元（目前為20美元），XRP將攀升至5,800美元（$ 13），而Solana將達到3,400美元（$ 150）。各自的增加 +278,000％， +470％和 +2,300％。

But how is such a price shift possible with the same market cap? Because the magic of the unit bias also fools investors into thinking that these altcoins are undervalued.

但是，相同的市值如何發生這種價格變化呢？因為該單位的魔力也偏向投資者認為這些山寨幣被低估了。

Thus, Mow accuses the majority of altcoin projects of exploiting the unit bias to mask their true valuation. “Most create a huge supply to sow confusion. They know that people will prefer a coin with a higher price per unit, even if the total value is lower.”

因此，MOW指責大多數Altcoin項目利用單位偏見來掩蓋其真正的估值。 “大多數人都會為播種而產生巨大的供應。他們知道，即使總價值較低，人們也會更喜歡每單位價格較高的硬幣。”

Bitcoin Dominance Could Climb Higher

比特幣優勢可以攀升更高

Finally, Samson Mow believes that Bitcoin's dominance in the crypto market is far from having reached its peak.

最後，Samson Mow認為，比特幣在加密貨幣市場中的統治地位遠非達到頂峰。

Currently at 63.69%, this metric already exceeds analysts' forecasts who projected a ceiling of 60% by the end of 2024. But for the Jan3 CEO, this level could still increase further, strengthening Bitcoin's position against altcoins.

目前該指標目前為63.69％，已經超過了分析師的預測，他們預計到2024年底的上限為60％。但是對於JAN3首席執行官而言，該水平仍然可以進一步提高，增強了比特幣對Altcoins的地位。

During periods of high dominance, money flows into Bitcoin, delaying the emergence of a new altseason. But as Bitcoin's dominance decreases, it signals a shift in market sentiment and a potential influx of capital into altcoins.

在高統治地位期間，資金流入比特幣，延遲了新的季節的出現。但是，隨著比特幣的統治地位的下降，它表明市場情緒的轉變以及潛在的資本湧入山寨幣。

As such, a period of high BTC dominance could still persist, especially as long as the unit bias continues to deceive those who invest in the new Countertops.

因此，一段高BTC優勢的時期仍然可以持續存在，尤其是只要單位偏見繼續欺騙那些投資於新檯面的人。