Investing Addiction.

[arimamib]

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?

You are quite fluent in explaining the points in the discussion that will be presented. I agree with you, even the main point for achieving success for the future is investing early and making savings in inappropriate waste, for example buying a sophisticated cell phone or other things where the money we can use to invest for our future.

There are many ways to apply investment addiction to our hearts. The first is the belief to stop spending a lot of money in a context that is not meaningful for our future.  And the second is support from the family to make savings in an effort to make an investment.

[Cryptomultiplier]

This reminds of a story of an English tutor, who reportedly saved a greater percentage of this salary annually all because he had a dream of traveling overseas. He got so used to saving that he stopped buying any new thing for himself. He swore how hard it was for him initially until he had saved up enough to buy a plane ticket.
This story was aired on TV back then, and I could see the smile on his face when he was being interviewed by a journalist who got very facinated with his seriousness.
I would love such kind of addiction as it would help me become a billionaire quicker than I can predict.
Unless one is single, without family or relations who are dependent on you, own your own apartment or squat with someone who doesn't bother you for rentage, it would be quite difficult to be addicted to investment.
The inflation these days is so high, that one would require more than one stream of income inorder to become addicted to investing.

[Twentyonepaylots]

This reminds of a story of an English tutor, who reportedly saved a greater percentage of this salary annually all because he had a dream of traveling overseas. He got so used to saving that he stopped buying any new thing for himself. He swore how hard it was for him initially until he had saved up enough to buy a plane ticket.
This story was aired on TV back then, and I could see the smile on his face when he was being interviewed by a journalist who got very facinated with his seriousness.
I would love such kind of addiction as it would help me become a billionaire quicker than I can predict.
Unless one is single, without family or relations who are dependent on you, own your own apartment or squat with someone who doesn't bother you for rentage, it would be quite difficult to be addicted to investment.
The inflation these days is so high, that one would require more than one stream of income inorder to become addicted to investing.

Interesting to see that even addiction can be put into a good use but it still has some effects so we should try to limit it. I agree that this story is easy to do if you are living alone and you have no prior duty or responsibilities to your family. Inflation is increasing and our purchasing power is decreasing, yet the wages are still the same making it not sustainable enough today. You really need to put a lot of effort to hustle other jobs just to get more income. My point here is that addiction to something is not good even though it is just a mere investment since we should never leave ourselves behind like our health, so never compromise it. You might achieve the money that you need but if you do not take care of yourself, all those will just be used in bills.

[Marvell1]

It becomes abnormal if you are addicted to investing to the detriment of your well-being. To everything in life, there is a limit and if care is not taken after this it will lead to abuse. Having investment sense is good because you know you have a better future but it should be at a percentage.

This is why you should only invest with your extra money, and not go all in.
I have a friend who invested a lot with Bitcoin and other project, and when the bear market begins his well being becomes more affected, it started from anxiety, depression and now he’s under therapy.

Investing addiction is good once you know what you are doing, especially you know how to balance your life and your finances. Don’t let your greed to take over your body and your mind, you have to stay composed and of course know how to diversify.

Having an investment plan is good, but I think investment addiction is not good, as hannahB4 said, as long as it affects health and causes troubles in life, it is no longer good. Everything has a limit and is within your control, nothing is good if you put it first and ignore the things around you.
I also invest a lot in bitcoin because I believe it is the only way to have a better life in my country. But I also have a plan b myself in case it fails. I will be fine, and my family will have no problem even if bitcoin fails.

[Sorryfor]

Of course gambling never has a chance of winning and very few people can make money gambling. But I think that if you invest the amount of money that you gamble with, you can hope for something good in the future. Gambling becomes an addiction which can never be quitted and if there is no money at one time, even after taking a loan from various banks, if he gambles, then if he loses, then darkness will come in his life. So I think it's best to invest in crypto and keep it for a long time, the future will be bright

[bangjoe]

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

Every form of addiction is bad because it affects the human brain. We can all try to differentiate it from all those casino gambling but it is all the same because the aim is to earn more profits and when that is achieved it creates happiness or joy which is transmitted to the brain then when a loss happens it creates sadness and this things are actually bad for one’s health.

If a loss persists the addicted trader goes on to take loans or sell off properties, and deprives themselves of some necessities which would affect there health just to invest more. This is clearly similar to the sport and casino gambling and so it is very bad

I agree that every so-called addiction is a bad thing that is done by humans, and it really affects mindsets, habits and gives more negative impressions that have more bad consequences than what is imagined.
although in a different context, the nature and orientation is the same as gambling, especially if the investments made always experience losses in their activities, like some of my neighbors who experienced losses but continue to invest until they sell what they have today, it really seems like gambling.

But this can be avoided by practicing investment methods and studying the fundamentals of self-management as an investor according to general rules or according to guidelines in the context of risk management, self-management, good financial management according to investment experts.

[crunck]

If you are addicted to investing then I think you are gambling, it is not investing anymore. Investing means we should only invest with what we can lose, but if you put all your wealth into investing and get addicted to it, that is gambling. Investing and gambling both have risks in common, so we need to have a plan and should know where to stop, we should not exceed our limits or else we will have to pay a heavy price.

[Sterbens]

If you are addicted to investing then I think you are gambling, it is not investing anymore. Investing means we should only invest with what we can lose, but if you put all your wealth into investing and get addicted to it, that is gambling. Investing and gambling both have risks in common, so we need to have a plan and should know where to stop, we should not exceed our limits or else we will have to pay a heavy price.

Basically, investment is often associated with gambling because of the lack of knowledge of people in this modern era. From a psychological point of view, when you experience a loss, it is not much different from gambling, so curiosity arises which causes a person to experience addiction. We have to prepare many things to start investing, have the right mindset, build definite plans, study market habits, and how to minimize losses. In fact, some of these points show a very big difference, where gambling does not need all of this, gamblers only need some luck in their life.

[gunhell16]

I think I read a topic here in the forum where there are two people arguing that investing in cryptocurrency is just like gambling and the other says that investing in cryptocurrency is not like gambling.

It almost seems related to the topic you are talking about. Others say that if you are an investor, you should be a risk-taker. At this point, being a risk-taker does not mean you are a gambler. Because trading in cryptocurrency does not depend on luck to make money because there are tools used for trading to know when to buy or sell while gambling does not have such a system.

[Fesatmas]

It becomes abnormal if you are addicted to investing to the detriment of your well-being. To everything in life, there is a limit and if care is not taken after this it will lead to abuse. Having investment sense is good because you know you have a better future but it should be at a percentage.

This is why you should only invest with your extra money, and not go all in.
I have a friend who invested a lot with Bitcoin and other project, and when the bear market begins his well being becomes more affected, it started from anxiety, depression and now he’s under therapy.

Investing addiction is good once you know what you are doing, especially you know how to balance your life and your finances. Don’t let your greed to take over your body and your mind, you have to stay composed and of course know how to diversify.

The importance of being managerial in doing something especially related to money because it will have an impact on the psychology of humans themselves, that is the basis for us to show maturity in taking risks and not exaggerating so as to cause destruction that everyone does not want.

I don't agree that investing addiction is a good thing, that's a word that doesn't suit me, I prefer discipline in investing or investment consistency, that sounds better to my ears, because what addiction means is a bad thing even the object is Good.

For me personally, addiction is caused because it has become a necessity that must be done whether he is a gambler or an investment, a person who is addicted, so he doesn't care about the risks he faces, is he ready or not, he will do that.

Don't mix up the sentence addiction with need, even though basically, yes, people who have addiction really need things that make them addicted so they don't feel bad. because that's why addiction is a bad thing, where people no longer care about their surroundings and have the mindset that they can treat their addiction. Whose intention is for the future instead he himself killed him earlier.

[Davidvictorson]

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

People who identify as Serial investors fall into the category of those addicted to gambling. For them, it is a sport, a kind of game they enjoy. It gives them thrills and pumps their blood. They look for new ventures and ask for some equity. They invest, build it , and sell and repeat. I don't know if it affects their well being but what I can tell is that it makes them happy.

[milewilda]

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

Every form of addiction is bad because it affects the human brain. We can all try to differentiate it from all those casino gambling but it is all the same because the aim is to earn more profits and when that is achieved it creates happiness or joy which is transmitted to the brain then when a loss happens it creates sadness and this things are actually bad for one’s health.

If a loss persists the addicted trader goes on to take loans or sell off properties, and deprives themselves of some necessities which would affect there health just to invest more. This is clearly similar to the sport and casino gambling and so it is very bad

I agree that every so-called addiction is a bad thing that is done by humans, and it really affects mindsets, habits and gives more negative impressions that have more bad consequences than what is imagined.
although in a different context, the nature and orientation is the same as gambling, especially if the investments made always experience losses in their activities, like some of my neighbors who experienced losses but continue to invest until they sell what they have today, it really seems like gambling.

But this can be avoided by practicing investment methods and studying the fundamentals of self-management as an investor according to general rules or according to guidelines in the context of risk management, self-management, good financial management according to investment experts.

Even we do say that investing is good but on the sense that we are already that addicted to it which means that it is really out as usual stuffs or must thing to be done on investing. Everything should really be that balanced because if we do make out things out of standard then it would be always that a bad thing. Just like the rest been saying that having that balanced approach on things in life is really that something
we should really be minding on. We know that when you are addicted into a particular thing doesnt matter if its on investment or other forms of addiction then it isnt  something healthy to be done.

For me personally, addiction is caused because it has become a necessity that must be done whether he is a gambler or an investment, a person who is addicted, so he doesn't care about the risks he faces, is he ready or not, he will do that.

When you do come into a point that your an investment addict then it would be really out of borders of a usual investor which you might be making some extreme measures or actions
which arent supposed to be done on which it might really be that close on making some actions which is like or close to gambling which is really that bad.

[JoyMarsha]

When there's purpose and target in life, you will find yourself doing things over and over again without stopping until you see your dream comes to fulfillment.

Investment addictions can be good if am to say. I have a friend who does spend money on irrelevant things without thinking of tomorrow but ever since I told him about bitcoin and the upcoming bull run that will happen next year, he has curtailed his irrelevant spending on unnecessary things. Any little money that comes into his hand, he will rush to invest in bitcoin, denying himself some important things to do with money.

[S A KHAIR]

Of course gambling never has a chance of winning and very few people can make money gambling. But I think that if you invest the amount of money that you gamble with, you can hope for something good in the future. Gambling becomes an addiction which can never be quitted and if there is no money at one time, even after taking a loan from various banks, if he gambles, then if he loses, then darkness will come in his life. So I think it's best to invest in crypto and keep it for a long time, the future will be bright

But when you are addicted to investing, you are no different from a gambling addict. Everything in life has a limit and if you exceed the limit, everything will have a bad ending. For me, financial investment is no different from gambling because there is no guarantee you will win 100%. If you get addicted to it and invest with borrowed money, you will end up as tragic as gambling.

[Swordsoffreedom]

When there's purpose and target in life, you will find yourself doing things over and over again without stopping until you see your dream comes to fulfillment.

Investment addictions can be good if am to say. I have a friend who does spend money on irrelevant things without thinking of tomorrow but ever since I told him about bitcoin and the upcoming bull run that will happen next year, he has curtailed his irrelevant spending on unnecessary things. Any little money that comes into his hand, he will rush to invest in bitcoin, denying himself some important things to do with money.

Your friend is not an addict, and addiction is never good. If you are addicted to investing, that means you will not only invest with the money you can lose, but you will invest all the money you have, including money for urgent work and daily expenses…You ignore everything in life and just focus 100% on investing. It's called addiction, and it's not good at all.
In your friend's case, he is only passionate because he has found what he is looking for and is willing to give up other interests to focus on his passion. He is not addicted to investing.

[Sir Legend]

For me personally, addiction is caused because it has become a necessity that must be done whether he is a gambler or an investment, a person who is addicted, so he doesn't care about the risks he faces, is he ready or not, he will do that.

In my opinion, the factors that influence a person's addiction to crypto or not are because he has experienced getting big profits and now he is in a difficult condition so he loses money, when he loses, he imagines the big profits he has earned so he looks like an addiction.

[Litzki1990]

It is not right to be overly addicted to anything. It is good to have an interest in investing but that interest should not turn into an addiction. We will invest and earn profit from the investment as long as everything is within limits. Investment decisions should not be made in such a way that you spend that money on investments leaving out eating and drinking or purchasing daily necessities.

One should give priority to one's own needs first in life.  Because people earn money to live a little better or to change their condition a little. Now if we become addicted to money income and forget our own needs then that money will be of no use.

[irhact]

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?

Anything that's overdone isn't good for the human health and can be very dangerous, eating food more than your body needs can kill you and so is investing. I know people that have invested everything they had because they believe very much in a platform without knowing they were investing in fraud and when it collapse it became an issue for them and they haven't still recovered.

It doesn't matter how good you think an opportunity is to pass without investing but you shouldn't be investing in everything you see or you'll have nothing left and mightn't still make a profit due to reasons beyond your control like the project dumping or getting seized by government for misconducts.

[DevilSlayer]

It becomes abnormal if you are addicted to investing to the detriment of your well-being. To everything in life, there is a limit and if care is not taken after this it will lead to abuse. Having investment sense is good because you know you have a better future but it should be at a percentage.

This is why you should only invest with your extra money, and not go all in.
I have a friend who invested a lot with Bitcoin and other project, and when the bear market begins his well being becomes more affected, it started from anxiety, depression and now he’s under therapy.

Investing addiction is good once you know what you are doing, especially you know how to balance your life and your finances. Don’t let your greed to take over your body and your mind, you have to stay composed and of course know how to diversify.

Most of the people are aware about the risks when they are investing their money on something else but majority of them do not know what is it means to fully accept and take the risks. You can considered as a risk taker once you decided to make an investment but most of them do not consider how much money they will lose once their investment become fail. It is all about probability, that is why we should have different scenarios in our head, do not just put winning scenario because for sure you will experience negative emotions like stress, anxiety, regret, sadness, depression and many more once you have different outcome to what you've been expected.

The important thing is we should be aware to the potential losses that we may incur and the potential rewards that we can get, in that way we can know how much money we will put in a specific asset. if you have $1000, you cannot just put it all in a single asset, you need to diversify it in order to protect your capital and minimize the losses that you may incur. Remember that it is not about the money that we make, it is about the money that we didn't lose.

[darewaller]

Addiction is bad. No matter what you are addicted to, be it a good thing or a bad thing. Excess of everything is bad. Drinking alcohol is not bad but being addicted to it is the bad part.
Investing is good, but when you get addicted to it and use every little money you have for investment to the extent it begins to affect your well-being and health, then that's not healthy.
I have never met someone who is addicted to investing but I believe an investment addiction will lead you to a lot of scam investments because you will be enticed with every single investment scheme that comes your way, legit or not.

There might be some good addictions like being addicted to be motivated and reach your goals ( the good one only) like finishing studies. Drinking alcohol is not bad but there are better beverage to drink than it and it's okay to be addicted with them like drinking a water as it only cleanse our body and we all know that many people forgot to drink more water.

Investing is good, only if the assets that you invest in are also good. Using little money is advisable than using big sums as there are still risks here. Many of us here are addicted on investing, that we do DCA to fill our bags because this is the only way to earn massive profits when the bull run arrives.