Investing Addiction.

[stomachgrowls]

This discussion is not about gambling, it is about investing, but I will use gamblers to make an example.

Using gamblers as an example who start out with just the intention to have fun maybe and then along the line turn into addicted gamblers that gambling begin to affect other areas of their life like their wellbeing like they stop spending on some important things just so they can make money available for gambling. Now talking about investing, I think it is possible to become addicted to investing so much that it begins to affect your wellbeing, like the person stops spending on other important things like good food, good clothes etc. just so they can have more money to invest? Do you consider that kind of addiction dangerous and not good?

As long as it’s abusive on your part, then definitely that will never contribute on your well being. However, if you only save on your spare money and those that are not intended to pay your bills or to buy you your necessities in life, then for me it’s a good habit, to save so you can invest in the future. Everything that you do that will change your life positively, I think that’s always worth doing so.

But not into a certain extent on where you have neglected out those basic necessities or important things which it would really be affecting your physically and emotionally on which you shouldnt
really be making yourself to reach up into this point. Investing addiction is somewhat really on the good side considering that you are investing for the future but we know and just like said
by others that investments arent precisely or giving out guarantees of success which means that you do need to consider out again first about these probabilities.

Not paying up bills, cutting off your food expense? You are really that putting yourself at trouble. Once things that been neglected out then it would be molding up for another problem.
Once you do get sick because of non sufficient nutrition because you've been saving up for investment then once your body comes ill then you would really be just spending for hospitalization
which means that it would really be no sense on putting up too much focus on one side. Always be having that balance approach.

[dothebeats]

It would be a lot easier if everything is made in moderation. Though of course I understand that your 'passion' currently is burning, it will also be a a hard feat for you to chase all of the losses you might incur in a lot of your investments. Take it easy, learn to read and wait before making another position. In the long run, it will be the most profitable thing you will be doing as it will lessen your positions, lessening your risks, and limiting the amount of $$$ you can loss.

Slow it down, pick a few coins, and get familiar with their markets. That's what I am doing currently and I'm posting good gains. Not double digit gains per week, but still something significant.

[romero121]

Maybe there are similar people who gets much addicted to investment. These kind of person needs to be given good counseling, only then they can be brought out of such situation. Because the continued investment could bring profit, atleast they can withdraw the profit and spend on good. These people never have such mentality, they go for further investment. For this reason, they'll have money in the table to eat, such situation needs to be avoided. Life needs to be enjoyed and anything beyond the limit is harmful for sure.

[smile1218]

For me Investing is not Addiction. A person whose goal is to have a good profit that will leads to a comfortable life, he will do trading / investing.
If a person showed greediness and he would continue to invest even if he borrows money that will leads to high debt and later on loosing all his asset, I think that is addiction. We should not be so greedy to earn a huge profit that we may not even know that we are already loosing so much. A greedy person would continue to gamble until he does not recover from his losses. 

[isaac_clarke22]

...and I don't think you need to be addicted to investing money, and I think we need to have the right approach. Discipline, consistency and patience is something you should have and once you are disciplined in spending, saving and investing it will automatically become a part of your life and start small first.

Well addiction from the word itself is already a negative even if it is done correctly. Addiction to investment is kinda concerning if I heard any stories (even fictional) since it means you're kind of continuous in throwing away your money and that's not even a good thing even if you're knowledgeable to investment. It's almost not that different to any forms of gambling known to man.

Even with such discipline, you're just asking for homelessness and debts if you're addicted to investment. I guess passionate is the best word to describe a well-balanced enthusiasm with these.

It would be a lot easier if everything is made in moderation. Though of course I understand that your 'passion' currently is burning, it will also be a a hard feat for you to chase all of the losses you might incur in a lot of your investments. Take it easy, learn to read and wait before making another position. In the long run, it will be the most profitable thing you will be doing as it will lessen your positions, lessening your risks, and limiting the amount of $$$ you can loss.

Slow it down, pick a few coins, and get familiar with their markets. That's what I am doing currently and I'm posting good gains. Not double digit gains per week, but still something significant.

It's just like drinking moderately to avoid being drunk 24/7.
There would times of being burned out from these passions regardless of the hobby you're in. This is just like me when I was learning software engineering.

[lienfaye]

Now talking about investing, I think it is possible to become addicted to investing so much that it begins to affect your wellbeing, like the person stops spending on other important things like good food, good clothes etc. just so they can have more money to invest? Do you consider that kind of addiction dangerous and not good?

It depends. Investing is always beneficial because it means you want to gain something to secure your future. However there should be a limit since anything beyond your control is obviously not good. Example, you're already spending the money that you can't afford to lose or you are investing in just anything even you don't have knowledge about it and you just want to take risk, certainly that's not right.

On the other side, if you're seeing a good result in your investment and you're not just blindly investing since you have knowledge of what you are getting into and aware of the risk then IMO it's fine. But learn to balance everything because there's always a disadvantage if you're investing too much.

[bittraffic]

Now talking about investing, I think it is possible to become addicted to investing so much that it begins to affect your wellbeing, like the person stops spending on other important things like good food, good clothes etc. just so they can have more money to invest? Do you consider that kind of addiction dangerous and not good?

It depends. Investing is always beneficial because it means you want to gain something to secure your future. However there should be a limit since anything beyond your control is obviously not good. Example, you're already spending the money that you can't afford to lose or you are investing in just anything even you don't have knowledge about it and you just want to take risk, certainly that's not right.

On the other side, if you're seeing a good result in your investment and you're not just blindly investing since you have knowledge of what you are getting into and aware of the risk then IMO it's fine. But learn to balance everything because there's always a disadvantage if you're investing too much.

It depends on this addiction to investing if it negatively affects the investor.
One investor is so addicted to investing that he massively put a ton of money into an altcoin that didn't rise up to his expectation and he lost the money in the end holding the tokens that weren't even listed to an exchange.

If he invests however in altcoins that rise up every time and profit every time, I guess that's not addiction. 

[xSkylarx]

I never seen people that got addicted to investing but if there is one for sure he will get rich because there will be time that his investment will got a lot of profit, this isnt also comparable to gambling as it is only about spending and if you will win there are only small chance on it whereas on investment you'll always have a high chance to gain profit. It doesn't matter if youll spending a lot on your investment since for sure it will get back to you

[Ayers]

This discussion is not about gambling, it is about investing, but I will use gamblers to make an example.

Using gamblers as an example who start out with just the intention to have fun maybe and then along the line turn into addicted gamblers that gambling begin to affect other areas of their life like their wellbeing like they stop spending on some important things just so they can make money available for gambling. Now talking about investing, I think it is possible to become addicted to investing so much that it begins to affect your wellbeing, like the person stops spending on other important things like good food, good clothes etc. just so they can have more money to invest? Do you consider that kind of addiction dangerous and not good?

To me, so-called addiction is not a good thing, whether it is an investment or when you are so passionate about your work that you neglect other things. Of course, investing is about making money to have a better life, but investing doesn't always win, and if you use all your living, savings, and child support... to invest, that's very bad. It not only affects your life but also affects many of your loved ones, so it is an extremely dangerous thing. Don't make yourself an addict in any field, addiction is never a good thing.

[Darker45]

I suppose addiction means going beyond the normal or moderate ways of doing things. It means you are losing control of your urges. If that's so, that should definitely be bad.

There are a number of people I personally know who have more than enough money but stingy enough to spend on basic things such as food and clothing. They have investments; they have savings in the bank; they have businesses, but they don't spend much on things that don't give them ROI.

Here in my country, people with Chinese roots are usually businessmen. And it has become a sort of a widely perceived behavior that they don't spend much on things that don't earn. And if they can still earn on something, they will have to earn from it. They become a subject of jokes because of this. There was one which speaks of 3 different persons stuck somewhere where is no food to eat. When they got very hungry, they started catching flies just to have something to eat. The other two noticed that one didn't eat what he caught. He was of Chinese blood. When they ran out of flies to catch, the Chinese took out the flies that he gathered and sold them to the two. LOL!

[kaseygriffin]

OP may have confused investing with gambling, in essence are we (participants) really getting it right, coincidentally I realized the fact that the majority of people who come to economic investment markets do not really have knowledge of economics. They are unskilled workers, office workers, farmers, doctors, teachers, ... simply the attraction they heard from rumors about looking to it as a trust for the leader. And they're gambling with that blind faith in an environment that's tougher than gambling, bringing investment terminology and concepts to make themselves look like real, real investors. funny but it's a fact that many people are not willing to accept.

[blue Snow]

Do you consider that kind of addiction dangerous and not good?

Yes, if like you said (if you compare it with gambling). But, for me, it's so much different. Gambling is something we can't calculate right and exactly, and because of that Investing is not the same as gambling. In investing, we can research and find the company behind and put the money with sure if in future our investing be multiple like we invest in Apple, Microsoft or others. In gambling, we just play luck, I never find any investor to be millionaires by just play slot or bet of sport. Except if he invest in gambling company.

[crypticj]

I think this is called banging. In some way, investment is gambling because you don't know for sure that you will earn money from it but you hope for it. I think this fact gives you a drive to invest more and more because you expect gains and every time you lose money because of the best investment, you try to compensate for the lost money with new investments.

So I think comparing it with gambling is pretty solid. I even think everything that involves risk and money could be called gambling.

[boyptc]

I consider investing as a gambling since you are risking your money. I understand what you mean about it is not a gambling and what you mean about gambling (casino games) but investing is also gambling. This is the first time I hear about someone said investing addiction and I agree with boyptc that obsessed is much more better if you say that you are not addicted in investing. About your question if it is dangerous, yes it would be dangerous too if it will make you spend less money on important things just to have more money to invest. This is much the same as gambling in casino but the difference is that you may lose all your money on casinos if you don't stop unlike in investment where you may get some of your money like I did when I invested on stock price but the amount is less since the stock price didn't increase at that time, this is also happen in holding BTC.

As someone who loves to invest and even I'm not that yet there at the top, I know that this is one way to get to the top. It's an obsession that's hard to be changed and it's truly different from being addicted.

Well, we may have different meaning to what addiction and obsession is but that's what I just think which is a better thing to hear than being called as an addicted investor.

We can't change the thoughts of most people thinking about negative upon hearing the word, addiction.

[michellee]

Addiction is not good but I think maybe investing addiction is a good thing, especially if he can find things that can be used as investments, such as investing in bitcoin, gold, real-estate and others. He can buy bitcoins and other investments whenever he has money so his investment amount will increase and give him a chance to earn profit.

But before someone starts investing, he should know how much money he can use and calculate all expenses and remaining money so that when he starts investing, it won't interfere with other money. But he also doesn't need to force himself to start investing if there are some things he needs to fulfill with his money because he has to prioritize his life first and then invest.

And investing is not gambling unless he doesn't know what he should choose to invest, how much money he can use, how long he should invest and when he can take the profit. Investing requires calculation before starting and only a few people can do it.

[YinShuiSiYuan]

Investment is not like gambling as in gambling you don't know about the gains and consequences of your bet but investment in real sense is very different.  Before investing you look into all the details of your investment and you have an idea of how many profits you can get out of it.

[The Sceptical Chymist]

OP, I'm not sure how many people have the kind of 'addiction' you referenced, but I know for a fact that it's a real phenomenon because I've been afflicted with it myself--not with crypto, but in the stock market.  I wouldn't consider it a true addiction, though.  More of an obsession that might leave a person having to sell whatever it is they invested in (and this is assuming the problem isn't trading with leverage, because that could leave said person wiped out).

Fortunately for me, that stock market obsession has kind of fizzled out over the years, and I no longer invest irresponsibly.  Lucky me, eh?  If I weren't already broke, it'd probably come back again, full-force.

[wahyuagung26]

Do you consider that kind of addiction dangerous and not good?

Basically what is said addiction is not good when this addiction is followed by ambition that is not significant good and gives good hope, but if we say addiction to Investing in Crypto I don't think there is anything wrong when they invest in the right place and with Perfect ambition, I think this will give them success in the future, so investment placement in the most appropriate place I think everyone knows, and yes of course Bitcoin.

[naira]

Do you consider that kind of addiction dangerous and not good?

It's simple, all you have to do is answer whether the flow of the investment system refers to positive or negative points?

Actually this is not something that is quite new and has a broad essence of discussion. Not too many points taken other than investment points towards where the person has exercised the appropriate option. Dare to invest for long term interests. Actually this is not an addictive stimulus, but the action of someone who has found the right portion of financial management, namely investment.

[YOSHIE]

Do you consider that kind of addiction dangerous and not good?

As far as I know addicted has a broad meaning, not just being fat on one issue, indeed, by definition, addicted is always maladaptive with the economy or the rewards and benefits that each individual feels.

But if I define crypto investing, in my opinion it is not one of behavior or actions that lose control, investment is not based on hobbies, hobbies, fun and so on, In fact, investing is more directed towards full control over the consequences and risks that occur, the understanding of gambling, addiction to investing, in my opinion, is the opposite, When it comes to investing, people still think clearly in their actions, whereas gambling rarely makes people think clearly, especially if they are already addicted.
Example:
For now we can still think well to set aside as our economic income to invest in futures, controlled, regardless we still eat well, dress lavishly etc.