CEX.IO Quiz: Anchoring bias in trading. Why crypto traders chase wrong prices

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About CEX.IO Power Tap Daily Quiz:

The CEX.IO Power Tap is the feature of the CEX.IO platform that allows a user to take part in daily quizzes with rewards as a prize. In the quiz, participants answer questions about cryptocurrencies, blockchain, and sometimes finance in general. The right answers for the participant are rewarded: cryptocurrency, points, and other platform-specific incentives that give users an incentive to keep learning and engage with the platform.

Here Are CEX.IO Power Tap Daily Quiz 14 September 2025:

Task: Anchoring bias in trading. Why crypto traders chase wrong prices

  1. Why does anchoring bias make traders miss opportunities?
    ✅ Because they wait for outdated price levels and ignore current market momentum
  2. What is anchoring bias in crypto trading?
    ✅ Fixating on a past price level or “magic number” instead of reacting to current market data
  3. What’s a sign you might be stuck in anchoring bias?
    ✅ You refuse to trade until your favourite coin hits an old number
  4. Why doesn’t the market care about your anchor?
    ✅ Because prices move on new data, sentiment, and liquidity
  5. What happens if you cling to outdated anchors?
    ✅ You risk missing rallies, chasing tops, and ignoring warning signals
  6. What’s the healthy alternative to anchoring bias?
    ✅ Staying flexible and updating your plan with live market conditions
  7. How can anchoring bias lead to FOMO-driven mistakes?
    ✅ By making traders chase prices after missing their anchor point
  8. What do professional traders do differently from anchored traders?
    ✅ They adapt decisions using fresh data and probabilities
  9. What’s a major risk of fixating on an old all-time high?
    ✅ It blinds traders to new fundamentals and market shifts
  10. Which of these is an example of anchoring bias?
    ✅ “I’ll only buy Bitcoin if it drops back to £25,000.
  11. What kind of trades does anchoring bias encourage?
    ✅ Reckless or mistimed entries based on nostalgia, not analysis
  12. What’s the key lesson about anchors in trading?
    ✅ Anchors are useful for ships, but deadly for trades
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How to Access the Quiz: Quick Entry Points on CEX.IO:

1. Objectives and Purpose

  • It aims to reward its user base for daily engagement in various activities on CEX.IO, thereby expanding one’s knowledge of crypto and finances.
  • The quiz is a fun, gamified way to learn about blockchain technology, cryptocurrency trends, financial markets, and the features of the platform.

2. Quiz Format

  • Daily Questions: A new quiz question is posted on the platform each day, usually on topics relevant to cryptocurrency, blockchain principles, or current trends in the financial ecosystem.
  • Single or Multiple Choice: Questions may vary between single and multiple choice so that is fair and inclusive to either a beginner and an advanced crypto user generally.
  • Timed Response: Users are forced to respond within some time bracket so that the entire thing does not drag out slowly with time.

3. Forms of Incentives

  • Cryptocurrency Rewards: Such users who accurately answer their quiz may be rewarded in forms of small amounts of some cryptos like Bitcoins or Ethereums among many others.
  • Incentive may be received in the form of points which can be used on the CEX.IO platform. These will give discounts on fees or exchange rates and gain access to more advanced features.

4. Daily Quiz

  • Reward from Regular Participation: Regular participation within the daily quiz shall provide loyalty rewards in the form of higher account levels or chances to participate in promotions carried out on the platform.
  • Exclusive Content Access: Some questions may reward with access to exclusive articles, reports, or crypto insights helpful for both investment and trading strategies.

5. Benefits of engagement and learning

  • Users are pushed to be informed about recent trends in cryptocurrencies, because some questions reflect current events, new coins, or updates within the CEX.IO ecosystem.
  • It is also an educational tool that provides a user with getting more insights into the crypto concepts that could be precious in the decision-making process when it comes to trading or investing.
  • First-time users can become well versed in the platform features through participating in the quiz, hence lowering the conventional learning curve that typically applies when it comes to advanced financial systems.

Therefore, CEX.IO Power Tap Daily Quiz is a helpful utility for users who are both new and experienced cryptocurrency fans, adding value through rewards, education, and engagement on the CEX.IO platform.

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