Investing Addiction.

[Alisha-k]

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?

what's addiction??
An inability to do without or stop doing something even when it poses to be a threat to you or the people around you.
Now, would you advice that one gets too used to trading or investing that they have to starve themselves of other opportunities or make the people around them feel you do not value them???

In everything, try to ensure that you balance up your game, the people around us deserve to know they're important and money must be made too.

[ChiBitCTy]

I think any addiction carries a level of unhealthiness even if it's something like an addiction to working out, there are negative consequences to that too. 

Now what type of investing addiction is a bit different of a story.  There's a big difference between being addicted to investing for the long term versus investing for short term.  When investing for short term, typically investors are investing in a more risky manner, which can certainly get you in to trouble.  Day trading has lead many to become addicted to investing and that's a good way to lose a lot of money quickly. 

Everything in moderation!

[livingfree]

In my opinion, investing is like gambling because it can create addiction

It's the different perspective that one can say about gambling and investing and instead of telling about addiction as comparison, it's about the risk that it gives.

someone who has invested in cryptocurrencies and has experienced profits of up to thousands of percent in a short time will of course continue to try new luck, they will continue to watch prices so they can sell or buy at a target price that has been thought of.

There's some luck given in investing but it's not always the case. Those that have managed to profit from their investments have greater take now in risk and that's why they'll continue.

[CarnagexD]

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?

It always comes down to how you see things. As how you explained it? there is nothing wrong. But when share your insight how you see it, it gets worse. If you see investing in that way, you will absolutely lose money because you will fight your own belief about investing that you won't be able to follow your plan.

I advise that if you would invest, make sure that it won't affect or downgrade your day-to-day life. It should be something that gives you assurance that in the long run, it will serve as your safety net as you hedge on an asset over inflation. It just falls into your mindset and how you see it.

Investment is good if you use it wisely. And you can only use it wisely if you see it as a good thing and not as a form of addiction.

[Joshapat]

It can be said that there are many similarities between crypto gambling and investing, the huge profit or loss opportunities make anyone interested in investing in crypto, and we have to be wise when we want to invest, make sure to do a detailed analysis so we don't regret it if bad things happen.

[Smack That Ace]

In my opinion, investing is like gambling because it can create addiction, someone who has invested in cryptocurrencies and has experienced profits of up to thousands of percent in a short time will of course continue to try new luck, they will continue to watch prices so they can sell or buy at a target price that has been thought of.

Not only is investing and gambling addictive, but anything, when you are too passionate or crazy about it, can make you addicted. But to say that investing is like gambling is not entirely true. Although the purpose of both is to make a profit and there is a risk of losing money. To win in investment is not only based on luck like gambling, but you need to have knowledge, experience, skills ... many new factors can make a profit. Therefore, investing cannot be said to be gambling, they are entirely different.

[Dunamisx]

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

It's not about the addiction here on this context provided that you realized that you're not gambling but rather making an investment, if your addiction on the kind of investment you're making is profitable to you and you make some good return from such addicted investment then there's no problem with that because it's not a waste of time and effort and you can behold the results evident in you, but getting addicted to what gives no results could be discouraging and serve a waste of time and money, therefore to this fact, if we are being served well in our addiction on the kind of investment we do, then that's a better way of being busy on something tangible than waste of time on what has no result.

[FUCKBSVFUCK]

The best way to get addicted to gambling is to invest into ga minimum gambling reward or you can buy high amount of sites that have minimum reward but in many gamblers in their gambling site or website they will lose big money because in gambling they find that they can't afford to lose some money. Even at a casino site, one can easily lose big amount of money but in gambling you just can not see that it is possible because gambling is a game that is not really on the way we do gambling but for sure if is only for those gambling sites you can't earn much in your casino site but you have to get your gambling sites from the casino which will not be able to earn much money from gambling.

[barisbilgili]

It can be said that there are many similarities between crypto gambling and investing, the huge profit or loss opportunities make anyone interested in investing in crypto, and we have to be wise when we want to invest, make sure to do a detailed analysis so we don't regret it if bad things happen.

Most people who are addicted to investing because they can already take profits have no other intention and purpose in investing other than to make a profit and in my opinion someone can be addicted to investing because he can already get profits or already knows the right way to be able to get profits.
and the problem of gambling with investing is of course different, in investing there are many techniques that can be used to get profits, be it long-term or short-term investments.

[Dr.Bitcoin_Strange]

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?

I doubt if anyone gets addicted to investment, because if one tries to get such an addiction, they may still sell off their asset (Bitcoin) just to keep up with their needs when it becomes too pressing on them. If anyone does that, there's always a disadvantage that follows. For example, someone bought Bitcoin worth $800 when the price was at $29k, and after one week, a need for $300 arises on his side. By then, the price of Bitcoin had dropped to $27k, and because he really needed the money, he just had to sell at a loss. Even if the investment is in other things from which they can't just withdraw their money at any time, they end up borrowing from others to solve their problems.

It's true that some people are so self-determined to save up and invest, but I have not seen someone who is so determined to the extent that they refuse to buy food and eat healthy, but rather they only limit their lavish spending and also manage what they have, like the clothes you mentioned. If they still have some good clothes to wear, they don't bother buying new ones when they see one, but that doesn't mean they wear rags.

@OP, if it's in the way you meant it, I haven't seen any case where someone gets so addicted to investment, just like gambling, that they end up not spending on other important things.

[Eternad]

It's not about the addiction here on this context provided that you realized that you're not gambling but rather making an investment, if your addiction on the kind of investment you're making is profitable to you and you make some good return from such addicted investment then there's no problem with that because it's not a waste of time and effort and you can behold the results evident in you,

It's good to be addicted on something we're being propitable atleast our efforts will be efficient. Though crypto is risky we should manage or monitor our investment effectively as well give time to study the market. Addiction in studying it and investing on it once we knew the pros and cons can lessen losses that usually happens in gamblers since it's hard to study what the outcome of their bets can be, atleast in investing we can study it and analyze it thru datas and news and the fact that we only loss when we sells it.

Investment can be never considered as addiction as investment requires you to be financially stable to that extent so that you can use your extra money in any profitable venture and in today's time where poverty is increasing with everyday increasing inflation people are having hard time in meeting both ends meet .
They can hardly manage their monthly expenses within their pays so investment is for rich only .

I knew workers who is not rich but able to manage their finances thru having multiple sidelines and able to pay properties in monthly terms payment for their investments as well buy some stocks. It's a matter of management and budgeting.

[Semar Mesem]

Anything can be addictive, crypto investments that provide huge profit opportunities compared to stocks, gold, property or anything else of course make anyone look addicted, but in my opinion this is good because it can make many people rich, it's proven that when there is a price increase it will appear new rich people.

[Similificator]

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?

While it may be easier to think that having an addiction towards something that is positive or productive is better than having one's self addicted to detrimental or bad things, we cannot rule out the fact that anything that is too much is never good for anyone. Regardless of how much of a great thing a productive addiction provides, if it hinders a person from living a well-balanced and fulfilling life, it will never be a good thing. Thus, we can say that the kind of addiction you are talking about along with all the other addictions out there are dangerous and not good for anyone.

[Mr. Magkaisa]

   -  Having an addiction does not mean that it is immediately bad, of course it is not. Because there is an addiction that is good and helps us. For example, you have an addiction to saving Bitcoin, so you will not allow yourself to not have it when the bull run comes, you will do all the opportunities to buy it from time to time. It just means that it will give us good results in the future.

There are also bad results when the implementation of addiction is not correct, such as having a gambling addiction, most people know that gambling is not really good because most people have seen what it causes to an individual person. Although, there are other gamblers who are responsible for being gamblers but are not addicted to gambling.

[Wong Gendheng]

Investment does make addiction and in my opinion it is natural, if someone ever gets a big profit from Crypto investment then he will try to try again, when it fails or is hit by a scam it will make me curious so that it will continue to invest, investment is addicted but we must be able to control the mind so that it is not Loss of everything for example selling assets or taking a debt.

[Razmirraz]

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?

That is the reason it is highly not recommended to invest using money that is a basic need or to finance daily life. Using the example of a gambler's addiction and an investment addiction there is no close connection between the two, the adrenaline rush produced from these two addictions is very different.

Gambling addicts can sometimes be at gambling venues for hours just hoping for a win. Gambling will not drain a person's well-being as long as they can control themselves. Addicted to investing because often get profit. IMO
Someone will not invest all of their money under any circumstances, they will leave some of their money to buy things that are considered necessities of life.

[benalexis12]

If there is an investment addict, this investor has probably experienced a good return from his capital several times in his life.
Apparently, it's natural for him to invest because he knows what it brings when he invests in the right thing. So I can say that it is not a bad thing if it helps us in terms of finances. The bad thing is if it doesn't help or you become a victim of other investment scams, that's the hard part.

[Cookdata]

I don't think there is anything like investing addiction, investing addiction only applies when one repeatedly invests without ever seeing any returns. As long as profits are being made, investing should not be considered an addiction. Take the venture capitalists in the crypto space for example, it's difficult to find a new project with a solid background that they won't invest in. They pour all their money into start-ups in hopes of creating something valuable during the bull run, this is what they do, investing runs through their blood and this is not only in crypto, it happens in other places.

On the time that addiction turns out to be already that some sort of gambling addiction into your investing decision then this is where shit happens. You shouldnt really be making yourself that getting desperate on whatever you've been doing. Everything should be in balance but ofcourse there are really things which we are really that extremely dedicated on the sense that we are really that keeping on doing it
even it do crosses the line already.

You can't run into a dipshit when you follow due process but of course, the unexpected does happen that is why risk management is very essential in every business. In any investment, as long as profit is made, that is not considered as an addiction. Even in gambling, they don't see the addiction of players until they start seeing losses in their games, that is the time you see frustrations, and inner pain becomes physical and the same goes with investments. Look at Tesla for example, they are not only into cars but other also into energy like solar energy and also space satellite as they now provide internet across the world and they are still investing in other sectors.

The essence of investment priority should be profit-driven whether they are investing annually, monthly, or weekly, as long as the money that is put into business yields profits at the end of the day, I don't see that as addiction, that is what the business was designed to do.

[Iroh]

   -  Having an addiction does not mean that it is immediately bad, of course it is not. Because there is an addiction that is good and helps us. For example, you have an addiction to saving Bitcoin, so you will not allow yourself to not have it when the bull run comes, you will do all the opportunities to buy it from time to time. It just means that it will give us good results in the future.

I believe having an addition is immediately bad. Addictions are not good and I don’t know if any addiction that is good and actually helps us. Is there a thing like having an addiction to saving bitcoin? I don’t think that’s an addiction as you’ve either got the discipline for holding onto your savings judiciously or you don’t.
I haven’t seen nor heard a case of someone with an addiction of holding onto bitcoin without spending. There may very well be folks out there who do this.
Whatever the case, an addiction is never good as an addict is controlled by the addiction.

[WatChe]

I believe having an addition is immediately bad. Addictions are not good and I don’t know if any addiction that is good and actually helps us. Is there a thing like having an addiction to saving bitcoin? I don’t think that’s an addiction as you’ve either got the discipline for holding onto your savings judiciously or you don’t.
I haven’t seen nor heard a case of someone with an addiction of holding onto bitcoin without spending. There may very well be folks out there who do this.
Whatever the case, an addiction is never good as an addict is controlled by the addiction.

Yes addiction of everything is bad no matter what it is. We can say there is no good nor bad addiction, they are just bad. If we talk about investing, then best way to invest (without getting addicted) is to invest some part of your savings weekly or monthly into bitcoin. Just follow the DCA strategy then everything will be fine. Investing unlike gambling should be a good habit not an addiction.