IS CRYPTO TRADING ADDICTION?

[The Crypto Revolution]

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..

[1714132565]

1714132565

[Crypto_4eva]

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.

[PadenoM]

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"

[Fesatmas]

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

[Kilomans]

 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.

[ILoveOnions]

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!

[sniper2018]

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.

[pilitusanelidus]

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

[blue_id69]

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.

[seoincorporation]

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.

[Miner manc]

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

[atupolev]

I remember that I used to spend a couple of hours in days for crypto as a hobby. I was engaged in trading and analysis, research of crypto market. Now I began to understand that crypto captures me deeper and deeper. I began to spend all weekend and sometimes almost whole days. I do not know if this is good, but the opportunity to earn extra money is very attractive

[bambarmia]

I remember that I used to spend a couple of hours in days for crypto as a hobby. I was engaged in trading and analysis, research of crypto market. Now I began to understand that crypto captures me deeper and deeper. I began to spend all weekend and sometimes almost whole days. I do not know if this is good, but the opportunity to earn extra money is very attractive

Right. It is quite similar to gambling. There are a lot of traders spending 10 hours a day 7 days a week trading on different exchanges. I use to trade too, using the arbitrage trading platform and it was pretty successful. Anyhow I'm wishing you a good luck!

[wuclx]

I'm happy with the decision to go for a hodl strategy, since daytrading took away my sleep, and it was still mostly luck based.
I believe a higher profit is possible with well-informed investments, which are held for months to years.

[HectorFabian]

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? 

well he was stupid enough to put all of his eggs in 1 basket i mean you have to have a plan for everything and a well oiled plan never fails also if something or someone is hurting your health then delete it for ever from your life that at least is my life's philosophy ...

[Andrej Peiboski]

Cryptotrading is not necessarily an addiction, but it's very addictive and - if you don't have self discipline - it can destroy your life, as it could lead you to neglect family, friends, even your own health.
So, take care: when you see some symptoms of addiction, stop immediately and look for help before it's too late.

[GodForSakenPain]

it can be addicting for someone  but also very rewarding.  but personally i am not day trader  i prefer log term investment

[realsmans]

No) if you are money addicted, then yes. 'cause I love to have money, following from that, I love to trade crypto) It's easy as 2+2

[IlfarIldarovich]

The main thing in all know the measure , and make friends with the head . And all their savings should not invest in one place , that would then not burn out and do not know what to do . Yes, this market is good , you can earn a lot here , but there is a big risk

[jekyde]

Anything that exceeds your ability to control yourself and interferes your normal life or causes you more problems than benefits is an addiction. I guess trading may qualify for some people.