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Author Topic: IS CRYPTO TRADING ADDICTION?  (Read 4112 times)
KeithHopkin
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February 25, 2018, 11:53:41 PM
 #441

well this is soo true
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February 26, 2018, 12:21:01 AM
 #442

Trading is addicting because people thought that trading is an
easy way to get rich. Studying and analyzing the trends to earn
money but no body has always an accurate prediction.  Learning
from the mistakes and keep on trying to earn profit makes it
entertaining for the majority of traders who works hard and
making it their passion.
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February 26, 2018, 12:33:34 AM
 #443


For me, if I want to hold a cryptocurrency and I also created some plans to hold that coin for long term, I will withdraw all amount of that coins on exchange to my desktop wallet instead of hold it on exchange and make me check its price everyday.

There is pros and cons of each decision we made in every section since nothing perfect.
Holding for long term in wallet is good but when the price spike and hit the hope price then we will be difficult to send it to exchange in case of instant. For its more safe than store in exchange.
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February 26, 2018, 12:50:50 AM
 #444

I heard about a guy in Moscow, who jumped out of the window, because he lost all his money in crypto investments and trading. So, do we have a new free heroin here? Is it possible to get addicted to crypto? 

That scenario is because of him being fully engage all of his momey imto trading and suddenly he loses all of it and that is somehow an addiction because maybe before he do that and he win a pot of money and the pleasure that the money gives are the one that are addictive because you can buy all the things that you ever wanted and when the time that he did mot meet that expectation and he posses all his funds he didnt kmow what to do.
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February 26, 2018, 02:17:45 AM
 #445

I think it's not crypto trading that is addictive, but the act of making money / gambling.
Exactly, the thought of making more money is the reason He wants to trade in Crypto and that is what every trader wants. Crypto trading is all about patience and speculation of prices every now and then. I wouldn't call it an addiction because in order to trade well, one must always check the status of the Crypto You have invested in. Rather I would call it a requirement to be able to be a successful Trader. It may be called an addiction once You get so obessed that You will spend all your money savings just to trade crypto just like the guy he pertains to. But generally Crypto trading isn't an addiction.

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February 26, 2018, 02:36:33 AM
 #446

It's possible to be addicted to anything but this easy to get addicted to because money can be gained really easily but also lost easily.

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darkywis
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February 26, 2018, 03:02:04 AM
 #447

I guess so, I'm so addicted in trading that I keep on watching my folio and the market even if I don't have fund to trade too because I'm on hold. Cheesy

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February 26, 2018, 11:20:15 AM
 #448

I guess so, I'm so addicted in trading that I keep on watching my folio and the market even if I don't have fund to trade too because I'm on hold. Cheesy

it is good for you and if your coin is increased higher, you can sell it with fast and I am sure that you have many coins in your account. but sometimes we become sad when we know that this is a good time to buy the coin while we don't have fund. I think I am addicted too but I am not always to watch the price on my computer or my laptop but I use my android to watch the price. at least I open the apps for once in a day to see if the price increases or not.

Tonygold1967
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February 26, 2018, 11:26:54 AM
 #449

Sometimes it is becoming a kind of addiction, it mostly depends on the individual, some people have tend to be addicted to anything.
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February 26, 2018, 11:33:39 AM
 #450

I think it depends on the personality of the individual, some people are more prone to display addictive or obsessive behaviour,  some of the most successful people are truly obsessed with what they are involved in because they want to succeed. Obsession could be termed as dedication depending on your viewpoint.  The more time and effort one puts in to something the better the rewards.  This is witnessed often in many areas the obssessed artist, musician, athlete and maybey the crypto trader.  I know myself if I get into something I will get in deep and dedicate a lot time to it because I to wish to succeed.  Im not addictedd to crypto but I could be a little obsessed or am I just dedicated.. Wink
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February 26, 2018, 11:35:25 AM
 #451

I wouldn't say addicted but just protecting our investments. Plus I wouldn't want to use anything that i can't afford to lose.
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February 26, 2018, 11:46:23 AM
 #452

Off course it is an addiction:

"Trading in the financial markets is stimulating, exciting and engrossing. But you can become addicted, just like with actual casino gambling or using illicit drugs. Like any severe addiction, trading addiction can cost you your job, relationships and, of course, your financial resources. In this article we will talk about what causes trading addiction, the symptoms and how to break out of the downward spiral. The problem focuses on the brain and understanding how its reward systems can literally train you to trade compulsively and dangerously.

Read more: The Downward Spiral of Trading Addiction | Investopedia https://www.investopedia.com/articles/investing/071713/downward-spiral-trading-addiction.asp#ixzz58DK9gmcJ
Follow us: Investopedia on Facebook"



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February 26, 2018, 11:49:06 AM
 #453

I heard about a guy in Moscow, who jumped out of the window, because he lost all his money in crypto investments and trading. So, do we have a new free heroin here? Is it possible to get addicted to crypto? 
That's possibly can people can be addicted trading on crypto when they make profit. And Based on that Guy i think he is a expert traders frustrating to have lost all the money by direct suicide It depend on people. Addicted is okay, but do not let to suicide

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February 26, 2018, 11:50:03 AM
 #454

 Personally i feel the same rush as gambling, so it probably depends on your personality. I think people that have gambling addiction and discover crypto also become addicted to trading.
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February 26, 2018, 11:56:24 AM
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 #455

Trading can be totally addicting! Stocks or crypto.
I think that it is good to have this in mind. I myself should also be carefull there!

Think by yourself:
What if price of BTC and altcoins will decrease with 75 %. So every 400 dollars are now 100 dollar. How would that make you feel?
And if it would stay there for 2-3 years? So no bullmarket for some time, which is possible. Can you handle this?

I think you have to much money in there if you cannot handle this. If this would change how you are as a person or how you act.

Are you there?
The only solution is to decrease your position to the level that you do not watch the BTC price as first thing in the morning.

Good luck to all!


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sniper2018
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February 26, 2018, 12:54:01 PM
 #456

I heard about a guy in Moscow, who jumped out of the window, because he lost all his money in crypto investments and trading. So, do we have a new free heroin here? Is it possible to get addicted to crypto? 
I think there is a possibilty.Because a lot of people now especially the new traders,are greedy to earned more profits as fast as they can.And inorder to do this,it needs a lot of time to monitor the price of different crypto coins and to find traders who make rush trading because this kind of traders are usually selling coins at a lower price.And it is very addictive and fun.

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February 26, 2018, 12:55:22 PM
 #457

Money is addiction, no matter what kind of: fiat or crypto. I remember when the last world financial crisis happened lots of ex-rich people who lost their money also jumped from windows, shot themselves and their families etc. So crypto addiction is not that new

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February 26, 2018, 12:56:35 PM
 #458

And there are still a lot of people here who are willing to quit their job to go full time in cryptocurrency trading. Some even want to sell or mortgage their house. Others are maxing out their credit cards. Please stop or don’t ever think of doing any of the three. Resist the temptation. That guy gambled big time and lost, get-rich-quick or die trying.
I quit my job, now im a full time trader, joining some ICOs and holding several coin. Its a risk i willing to take, but it work for me, i make some good profit sometimes i lost is fine you cant make money without spending money.
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February 26, 2018, 01:03:38 PM
 #459

I heard about a guy in Moscow, who jumped out of the window, because he lost all his money in crypto investments and trading. So, do we have a new free heroin here? Is it possible to get addicted to crypto? 

I wouldn't compare it with Heroin, that's a lil extremist, but i'm agreed about it can be highly addictive.

Some years ago i teach a friend about how to trade on exchangers. He doesn't jump off the window, but he wakes up like 5 times in the night just to verify his inversions. And that's because altcoins markets are too volatile, they can jump to +200% in a couple of ours, and those are the bumps investors don't wanna lose.

This friend end making a nice profit, like x5 from what he had started, and 5 months ago he decided to get out from the business, take the money and buy a car. Was a happy end for him, but wasn't easy to make that profit, a lot of stress behind each move.

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February 26, 2018, 01:07:59 PM
 #460

I think the potential for the tech to change to world is enough to get people to sit up and take notice. To get the opportunity to participate in an a space with such huge potential is what gets people addicted
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