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Author Topic: How to Prevent been a crypto addict.  (Read 9343 times)
TheBusstop (OP)
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July 06, 2019, 09:54:58 AM
 #1

honestly, it is getting serious that most people spend over 18 to 19 hours these days on systems and mobile phones watching the market, trading on the move with their mobile. the addiction is getting out of hand. i think i am probably getting into this kind of life.
what could be the possible means of prevention. i need to have my normal life back.
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Uao
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July 06, 2019, 10:08:56 AM
 #2

honestly, it is getting serious that most people spend over 18 to 19 hours these days on systems and mobile phones watching the market, trading on the move with their mobile. the addiction is getting out of hand. i think i am probably getting into this kind of life.
what could be the possible means of prevention. i need to have my normal life back.

Trading is only what one perceives it to be, ranging from a profession all the way to outright gambling and a dangerous addiction.

If you see it as an addiction and want to get out of it then deal with it the same as you would with any other bad habit like smoking or drinking.

Therefore you can either lower the position sizes, lower the trading frequency, substitute it for some other less dangerous activity or simply quit 'cold turkey'. Depending on your personality and the way you see the world, one should work better than the other options. Experiment and find out what works best for you.

PS: also having fun activities offline with loved ones, in nature, with pets, kids and friends should help you get your bigger picture back and thus forget all about the addiction and mitigate the withdrawal symptoms, just give it time and keep at it.

Good luck!


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July 06, 2019, 10:48:32 AM
 #3

honestly, it is getting serious that most people spend over 18 to 19 hours these days on systems and mobile phones watching the market, trading on the move with their mobile. the addiction is getting out of hand. i think i am probably getting into this kind of life.
what could be the possible means of prevention. i need to have my normal life back.
The only solution is to prevent crypto addiction is by making enough money in the less time period of a day because the reason why we spend time on the market is to make more money so satisfy it then you will be relaxed and it can be done through smart trading not going too hard for many trades in a day.









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BuxCoin
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July 06, 2019, 11:10:01 AM
 #4

thats the major disadvantage many trades face is sitting in fron of the computer for hours  solution many are developing algo trading and to do less day trading and more short term , like everything as advantages and disadvantages trading also , we can minimise it but we cant completely avoid it 
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July 06, 2019, 11:27:19 AM
 #5

One of the solution is to enter the market at the right time which is also a difficult task because you also have to monitor the happenings in the market from time to time and see for the position. So is just a life that traders will live. Bankers too are committed to seeing customers and handling their money while the medical field deals with their patient.

If we are able to get the right spot, reduce our risk appetite and set out take profit, it will hit our profit on time even when we are not on the system.
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July 06, 2019, 12:05:00 PM
 #6

The problem only in you, you are in control of yourself.
Crypto trading so far can't be addicted especially when the market itself consider as volatile market so it's difficult to make consistent profit

( the story will be different if you're gambling )

Smiley
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July 06, 2019, 12:09:25 PM
 #7

honestly, it is getting serious that most people spend over 18 to 19 hours these days on systems and mobile phones watching the market, trading on the move with their mobile. the addiction is getting out of hand. i think i am probably getting into this kind of life.
what could be the possible means of prevention. i need to have my normal life back.

If you become an addict, it means you don't have any discipline to control yourself in it.
Especially if you know to yourself that you have a lot of money to buy coin in the exchange, which is nothing for you or its fine
if you lose due to its not a big deal at all. So, the better way for you to prevent it, I think you must control or maximize your coins or capital
you have for trading.
davis196
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July 06, 2019, 12:31:34 PM
 #8

honestly, it is getting serious that most people spend over 18 to 19 hours these days on systems and mobile phones watching the market, trading on the move with their mobile. the addiction is getting out of hand. i think i am probably getting into this kind of life.
what could be the possible means of prevention. i need to have my normal life back.

Every addiction is connected to the lack of self-control the person has over his decisions and actions.
The addiction is created in your subconscious mind,which is responsible for all the habits.
You have to take control over your mind and force yourself to change your habits.
The simple answer is-just sell all your coins and quit crypto trading. Smiley

Shenzou
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July 06, 2019, 01:32:21 PM
 #9

honestly, it is getting serious that most people spend over 18 to 19 hours these days on systems and mobile phones watching the market, trading on the move with their mobile. the addiction is getting out of hand. i think i am probably getting into this kind of life.
what could be the possible means of prevention. i need to have my normal life back.
The reason in my opinion that some people spend that amount of time on screens watching the price charts, is because they take trading way too seriously, they quit their job their life just to focus on something that they could lose in just a simple mistake, i feel that the solution is to take it easy, to consider trading only as a hobbies and extra income on top of your everyday job which is what is supporting you and giving you a steady income, and trading does not have to take 24 hours you could just take an hour to tow to check the price or you could set notifications to your phone whenever the price changes.
Mahanton
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July 06, 2019, 02:09:24 PM
 #10

honestly, it is getting serious that most people spend over 18 to 19 hours these days on systems and mobile phones watching the market, trading on the move with their mobile. the addiction is getting out of hand. i think i am probably getting into this kind of life.
what could be the possible means of prevention. i need to have my normal life back.
As long it doesnt affect too much your life or doesnt compromise your daily normal living then i dont see for it to be a problem yet this kind of addiction isnt really that
be considered to be severe.Why? You can possibly make money out of it and its much better than to be addicted with gambling.Just stay focus and dont mind too much as long you dont forget your priorities in life then it should be fine.

R


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July 06, 2019, 04:30:34 PM
 #11

I don't know how I would define crypto addiction. Is it if you spend hours and hours in front of charts analysing the market or if you spen the whole day at exchange? And I.guess that the definition is not the same for traders and ordinary users.
Anyway, I guess there are some signs like compulsory behaviour, or investing too much money despite losses hoping that just next trade will make you rich. If anything of these is something you noticed than is better to move away from cryptocurrencies.

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July 07, 2019, 04:52:14 AM
 #12

You should try to stay away from your computer. You can try to build a new habit that needs you to stay focus on your works. I am sure you can do that because I see many of my friends can prevent themselves from staying at their computer for a long time. Perhaps, you need to meet your friends or gather in one place, talk or discuss with them about anything so your mind will distract to think about trading, market or cryptocurrency.

Sometimes I used that way to prevent myself too because I don't want to look busy for my works and I need to meet many people to make another experience for my life. I hope you can do the best for your life and don't too busy with your life. Your life needs to be a balance between your work and your personal life.
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July 07, 2019, 08:44:05 AM
 #13

honestly, it is getting serious that most people spend over 18 to 19 hours these days on systems and mobile phones watching the market, trading on the move with their mobile. the addiction is getting out of hand. i think i am probably getting into this kind of life.
what could be the possible means of prevention. i need to have my normal life back.

Don't invest/trade with money you can't afford to lose. People often become obsessed with the ticker when they are underwater because they put too much on the line.

Zoom out and watch the long term charts. The daily, weekly, monthly time frames. Moves that look like huge pumps and crashes on the intra-day charts look tiny on the longer term charts. Check the daily/weekly charts a couple times a day. It'll start looking pretty boring after a while!

Finally, if you survive this market, you will grow out of this. I used to watch the charts many hours a day, alarms going off in the middle of the night, etc. After a couple years I burned out on that and got more sensible about my trading habits.

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July 07, 2019, 04:12:36 PM
 #14

Get some life/hobby, stop being a short trader then you will not be addicted to crypto. Use your management time only spend your times at crypto with around 30-60 mins if you an investor, but if you a full-trader I will not surprise he spent his time around 10-15 hours only to read the chart.

I'm a fundamental analysis, honestly, don't know how much time needed to read a chart. Long term investment would be a good option too to prevent this addicted.

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July 08, 2019, 03:18:46 AM
 #15

If trading is something new in your life you have to spend a little money for it. Don't trade with a lot of money because you will know comfortable with it, that was happened in my life. When I was new, I spend around $1000 for trading bitcoin because my intend was I have to get a lot of profit in a short time. So, I only set a profit price when its price had been increasing and I'll sold quickly when its price had been decreasing.

I never use a long time frime such one day or one week, I always use 15 minutes time frime to trade. Until I was aware that was not good for me, so I found some factors why I did it and the answer is knowledge. Because in trading field you will take a long time to make a decision between buy and sell and when the price will touch x price in the future. Eventually I can understand it and at least it has been made me comfortable even I choose one week time frime.

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Lucius
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July 08, 2019, 02:07:43 PM
 #16

~snip~.

18 to 19 hours per day is too much time, and on long run it can have very bad consequences on health. Personally, I think that everything over 8 hours per day and one day off is too much. You should just have to decide that you will not spend so much time online, and find some hobbies which will occupy you so will not think on trading.

It is better to prevent some addiction, then to deal with the consequences later. It is all about how strong are you in head, can you one day wake up and say something like "I will stop smoking"? Few people have such strong willpower, others fall into the abyss of addiction and they need to seek professional help or live with addiction.

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leowonderful
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July 08, 2019, 02:29:36 PM
 #17

I only spend one or two hours on trading a day, often less. If you are putting hours on hours into watching the charts, then you are likely doing it wrong. If you have an emotional investment in a trade like that, lower your position size until you don't care about it as much. Being emotionally invested into a position often leads to poorer decisionmaking that can influence whether or not a trade ends up being a loser or a winner.

Find something else to do that fills the time. I like to post and read articles here and elsewhere sometimes when I'm not trading, and I also enjoy doing various other outdoor activites this time of year. There's plenty else out there to do besides trading.
silversurfer1958
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July 08, 2019, 03:10:32 PM
 #18

honestly, it is getting serious that most people spend over 18 to 19 hours these days on systems and mobile phones watching the market, trading on the move with their mobile. the addiction is getting out of hand. i think i am probably getting into this kind of life.
what could be the possible means of prevention. i need to have my normal life back.
It depends on your thinking and orientation and your interests. If you are a person who likes to work in an open space, without internet, you can do other things.
Don't try to do a job you don't like, because you won't be able to succeed and your life is depressing.
But it is very simple for stress relief, you can walk around, talk to your girlfriend.
everything will return to normal and you will start to work happily the next day. Grin

milewilda
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July 08, 2019, 08:08:00 PM
 #19

honestly, it is getting serious that most people spend over 18 to 19 hours these days on systems and mobile phones watching the market, trading on the move with their mobile. the addiction is getting out of hand. i think i am probably getting into this kind of life.
what could be the possible means of prevention. i need to have my normal life back.
Self-control is all you need.Put up a restriction in your time on how much time you would only spend on trading but yet we know that opportunities on the market doesnt have corresponding or specific time thats why we do randomly look everynow and then on the charts.I cant really blame to that but anytime you can make money out of price movements.
If you do see yourself as an addicted one then better to lie low on trading activities and divert your attention into something else.

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July 09, 2019, 01:03:10 AM
 #20

honestly, it is getting serious that most people spend over 18 to 19 hours these days on systems and mobile phones watching the market, trading on the move with their mobile. the addiction is getting out of hand. i think i am probably getting into this kind of life.
what could be the possible means of prevention. i need to have my normal life back.

For me addicted into crypto was not a problem.hehehe this is just for me.you are addicted because you want to earn money.well I know that being addicted was bad in our health specially your doing of 19 hrs in front of monitorung crypto.only 5 hrs left to rest.This can cause unhealthy body.what the use of earning such money from crypto if you will get sick.
For this matter I advise control your self.manage your time.give give some time for your self for your family for God and for crypto.have a note to alarm to do things not too much focusing into crypto.yes it is important to someone who wants to get a easy money but you have into control.its up to you when you should stop and go on continue trading.dont be so greedy to get a big earning money.do it slowly not as being addicted.

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