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Author Topic: How does bitcoin affects your emotional and mental aspect of your life?  (Read 1242 times)
jj6080801
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July 05, 2018, 10:50:06 AM
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Emotional and mental aspects are commonly interrelated to each other. It commonly deals with our mind and heart. They can't be isolated and one can't remain solitary. In mental viewpoint, it really enable us to think whether it will be great or not. Your understanding will going to test your passionate angle. Bitcoin's impact is interdisciplinary, along these lines what we feel, will be what we think.
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July 05, 2018, 11:27:45 AM
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I think that bitcoin has a very positive impact on financial freedom and also has a negative thing by making us become lazy, and that's how I feel.
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July 05, 2018, 11:31:05 AM
 #3

Compared to holding stocks, i think it feels safe. The state of the economy is so bad, that the alternative of cryptos is appealing and cold storage of BTC for example makes me sleep well Smiley Or staking privacy coins, tired of stocks and to be waiting for the economical meltdown or bailouts or war even hehe cryptos feels more solid!

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July 05, 2018, 12:05:17 PM
 #4

Bitcoin is good for your financial independancy and freedom, but it is bad for your mental sanity as being a very difficult topic (bitcoin is at the ontersection of very different field of knowledge, I have a post about this https://bitcointalk.org/index.php?topic=4505493.msg40989970#msg40989970 ) requires you with a constant logging on website, forums, social medi to keep updated.
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July 05, 2018, 12:05:26 PM
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In order not to feel upset and become emotional towards your investment for every bear market happening in the crypto market, people should invest money that you can afford to loose if not successful in the end. However, I had high hopes for btc since I believe that this currency could give good opportunity to people to gain good profit.

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July 05, 2018, 12:36:35 PM
 #6

Many people are investing in BTC, and the price of BTC is rising. People will be happy because they have earned profits!
On the contrary, it will be lost because of the price drop!
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July 05, 2018, 01:03:50 PM
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Good questions, even if we are in a bad situation, teach us to accept reality or vice versa. Keep the spirit of friends, one day will be beautiful in time.

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July 05, 2018, 01:05:37 PM
 #8

It doesn't give me a lot of psychological distress" Because I do not consider Bitcoin as a source of income," but I'm feeling bad when I want to cash out and find that the price is low. "No one likes loss."
I agree with you that you can not separate emotional aspects in life, but life has good moments and bad ones so go ahead.
I try to make the mind control my decisions more than emotion.

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July 05, 2018, 01:25:30 PM
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Emotional and mental aspects are commonly interrelated to each other. It commonly deals with our mind and heart. They can't be isolated and one can't remain solitary. In mental viewpoint, it really enable us to think whether it will be great or not. Your understanding will going to test your passionate angle. Bitcoin's impact is interdisciplinary, along these lines what we feel, will be what we think.


Many people are using bitcoin, so I think they experiece when ever they are participating in any campaign sometime our post is being deleted. That is the cause why are mad when my post are being deleted because I could not have a stakes when my post are not enough so my post will be monitor. So my post will be recorded because it is not enough because of the post that being deleted.

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July 05, 2018, 01:25:37 PM
 #10

To be honest, when I was still in college I usually have mental breakdown and Im always mentally exhausted due to the continuous studying overnight and then I also have to post for my signature campaigns. but now I think I'm getting the hang of it and I learned how to balance everything. when it comes to emotional stability, I get too sensitive when I'm completely drained a.k.a. TIRED. so yeah it has affects especially if my head hurts due to cynus and fatigued.

betty11
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July 05, 2018, 01:31:42 PM
 #11

Am concerned with the price movement of BTC because that us where my investment is sited. So if it is down in price, I feel it should be up, once it is up, I feel better and hope for more consolidation.

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July 06, 2018, 06:53:00 AM
 #12

So many people were broke and had different financial issues and dealing with mental pressure. Then when they invested in bitcoin, it has given many people chances to increase their life standards. Many of them has solved their financial issues and they are rich now!. Bitcoin is a blessing to many people's life.

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July 06, 2018, 07:44:47 AM
 #13

In today's time Bitcoin is one of the people's jobs and other source of income. so when the price of bitcoin and other alts will go down its a big impact to the bitcoiners. Bitcoin is a great help to every person specially when it comes to financial needs. emotional and mental aspect i think it depends in every person how they handle it with there life.

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July 06, 2018, 07:46:32 AM
 #14

Cryptocurrency traders are actually experiencing similar emotions to those of traders in the stock market during major bubbles and busts, researchers suggest. During the “down” times, traders faced effects ranging from temporary sadness to anxiety and panic disorders.

Hospital admissions and large declines in the S&P 500

There was a noticeable uptick in admissions to the hospital, especially for mental health issues, following large declines in the S&P 500, such as the market crash in 1987, said University of California at San Diego professors Joseph Engelberg and Christopher Parsons, who published a paper on the topic in October 2014.

They analyzed patient records for every hospital in California from 1983 to 2011 and found a “strong” link between low daily stock returns and hospital admissions, particularly for psychological conditions including anxiety, panic disorders or major depression.

“Although our work focuses on the broader market, the same logic could be applied to the ups and downs of cryptocurrency investing,” Engelberg said. “I’d expect large drawdowns in this market to cause considerable stress for some cryptocurrency investors, and that stress could lead to a noticeable uptick in adverse health outcomes.”
Dovie
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July 06, 2018, 09:40:21 AM
 #15

It affects me when my bitcoin get lose really feels me bad emotionally. It builds up my mental aspect for example if my bitcoin get lose i just think that it should not affects me. Instead my mind will think of the possitive ways how will i stand up again from my lose bitcoin. I should think possitive ways how will i gain more bitcoin again and gain good profit to it.
SventraPapere
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July 06, 2018, 10:39:07 AM
 #16

Since I studied psychology this topic is very interesting for me from the point of view of psychology.
 Traditional money makes us greedy and inhumane - this is evidenced by most studies. Cryptocurrencies, in turn, are able to fill humanity with compassion, tenderness and love. These digital assets can fundamentally change our psychology and enhance our sense of happiness. The secret lies in how these types of currencies function: traditional money increases, and often even creates the so - called "money-empathy"gap.
 The main principles of cryptocurrencies are: decentralization, peer-to-peer architecture and lack of borders and approvals. The above features allow cryptocurrencies to "reprogram" human psychology.
 Because traditional money is controlled by banking cartels and national governments, people's psychology - their behavior, emotions and thought processes - is closely related to money. As a result, the master - slave model is created. At the same time, people who have money associate them, consciously or subconsciously, with the power and ability to control everything. In other words, money is suppressing our neural networks, making people greedy and mean. This destroys a person's innate propensity for empathy (empathy), creating a "money - empathy" gap, which has been confirmed experimentally.
 On the other hand, the cryptocurrency forms a completely different model. It is a network model based on the principle of communication, cooperation and sharing. This "friend-friend" model is formed due to the characteristic features of cryptocurrencies - decentralization, peer-to-peer transactions and the absence of boundaries and approvals. People perceive each other as a partner (or "friend") in joint financial activities. That is, people have every reason to treat others compassionately. Money is no longer associated with greed and power. The paradigm of interaction is based on the honesty of the algorithm. Despite the fact that Bitcoin and other cryptocurrencies portend the formation of a new paradigm based on compassion, the real nature of their ability to change the human psychology has yet to be studied. But because the psychology of a person depends on the environment, it is possible to say that crypto currencies have already begun to alter humanity, making him more compassionate.

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July 06, 2018, 11:09:04 AM
 #17

Honestly sometimes it affect my emotion and sometimes not, But most of the time it's really fine to me to see if the bitcoin price go low but of course when the time I really need money rush and the price is too low I'm really confuse what im going to do that let me to have emotional problem.
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July 07, 2018, 02:33:28 AM
 #18

The impact of bitcoin on human life is interdisciplinary. People should invest the amont of money that he can afford to loose. The profit and lose obviously make an affect of happiness and sadness in human life.
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July 07, 2018, 02:42:22 AM
 #19

Depression is one of the most popular signs of emotional and mental problems due to unsuccessful or losses from failed investments like in cryptocurrency and even in stocks or any of the same kind.. This is serious and needed immediate treatment and actions to help someone in this case..

Addictions is also a major threat to gamblers and investors who have no control and taking the risk without limits.. So better be mentally ready before doing or trying to be in this market..

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July 07, 2018, 03:47:05 AM
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Depression is one of the most popular signs of emotional and mental problems due to unsuccessful or losses from failed investments like in cryptocurrency and even in stocks or any of the same kind.. This is serious and needed immediate treatment and actions to help someone in this case..

Addictions is also a major threat to gamblers and investors who have no control and taking the risk without limits.. So better be mentally ready before doing or trying to be in this market..

The one who greatly influenced me in joining and following bitcoin in our engineering instructor. The thing he always thought us in trading is never use your emotion in dealing bitcoin, we should not become too emotional on whatever happens to bitcoin. Because bitcoin is unstable, sometimes up, and down, never become emotional when this time comes, because he said, panic buying and panic selling will occur. Just keep you believe in bitcoin. That's affect me very much, I never used my emotion in investing, I have to be emotionless.
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