Addiction to Bitcoin is never too much

[348Judah]

Here it is again, Bitcoin, being the only addiction everyone is permitted to have, because it gives you freedom and profitability at the end.


https://x.com/i/status/2058599095099359436

Bitcoin has been part of our daily activities in such a way that a day will not pass without us getting engaged in Bitcoin in one Way of the other, for sure we all know that this is not time wasted because there is always a profiting aspect of it that we all stand to benefit at the end, this is where each day everyone of us has something to do regarding the use of Bitcoin.


https://x.com/i/status/2058684226778620294

[_act_]

We can easily understand what you are trying to talk about, but bitcoin is not what someone can abuse, so it is not an addiction if you are using bitcoin to trade or if you hold it. I am not talking about bitcoin or crypto trading using bitcoin as pairs, I mean if you are using it to buy things and also accepting it from people that want to buy something from you. But it is very distinct that if you hold bitcoin, you will make profit from it.

[arzuo]

I don't want to call BTCitcoin an addiction, because addiction doesn't take away people's freedom, rather Bitcoin helps you achieve financial freedom.😎
So I want to call Bitcoin a measure of financial 🗽 freedom 🕊️ rather than an addiction, where as its popularity increases in the world, the scope of our freedom also increases. It is a symbol of financial 🏆 success.

[Fivestar4everMVP]

It is definitely possible to be addicted to crypto currency and also very possible to get addicted to bitcoin alone, but in as much as this addiction could potentially bring us profit, it also depends on how we manage things.
Because like any other addiction, a time of frustration will come and what we do at that point or hold ourself back from doing is what determines whether we will profit or not..

For example, someone who is addicted to always buying small fractions of bitcoin maybe on weekly or monthly basis, and at a time, he or she doesn't have money to buy for a whole month, that addiction may likely push the person to doing something crazy that may lead to him losing even all the bitcoins he or she has suffered to gather.
So like it's commonly said that too much of everything is bad, it's good to invest in bitcoin and to even treat it as priority but please, don't get addicted.

[Hewlet]

Bitcoin has been part of our daily activities in such a way that a day will not pass without us getting engaged in Bitcoin in one Way of the other, for sure we all know that this is not time wasted because there is always a profiting aspect of it that we all stand to benefit at the end, this is where each day everyone of us has something to do regarding the use of Bitcoin.

I wouldn't subscribe to looking at any form of investment in bitcoin to be associated with addiction because addiction generally depicts something negative that posses harm to an investor and so, bitcoin isn't one of an addictive thing.

To better put it, we can say that investing in bitcoin is never too much because there's no amount of bitcoin that an investor possesses that's too much for a single investor to hold. And again, being Hungery to hold more bitcoin only suggest that you're eager to grow and not that you're doing to much. As long as You're not investing without a proper plan in place, investing much in bitcoin is more of a good to the investor than anything bad.

[knowngunman]

Bitcoin has become part of our lives. No doubt about it.

Society now see it as a normal obsession instead of frowning at it like gambling and other addiction but let be honest and realistic, addiction is addiction no matter it form.

Profit should not be seen as guaranteed. As much as long term commitments looks profitable, daily engagement does not equal daily profit. Traders can relate on this very well.

Bitcoin mission was to give us freedom money, not to take away our freedom. Satoshi himself disappeared after invention. That's to tell us that there is life aside bitcoin.

[tabas]

Here it is again, Bitcoin, being the only addiction everyone is permitted to have, because it gives you freedom and profitability at the end.


https://x.com/i/status/2058599095099359436

While this image is understandable and relates to addiction to Bitcoin. I don't like how it's demonstrated because anyone who sees the actual image will have an idea of what addiction is. We don't want to see that portrayal that people becomes addicted to Bitcoin. It should have a better and lighter vibe.

Bitcoin has been part of our daily activities in such a way that a day will not pass without us getting engaged in Bitcoin in one Way of the other, for sure we all know that this is not time wasted because there is always a profiting aspect of it that we all stand to benefit at the end, this is where each day everyone of us has something to do regarding the use of Bitcoin.

It has been part of our daily lives and it's true that a day won't pass without us dealing anything related to Bitcoin. By checking the price, the news about Bitcoin and all of those sort of stuff.

[Livingleged]

Bitcoin has become part of our lives. No doubt about it.

Society now see it as a normal obsession instead of frowning at it like gambling and other addiction but let be honest and realistic, addiction is addiction no matter it form.

Of course  addiction  aren't  really  a healthy habits but as regards  to bitcoin  addiction I will  rather  stay addicted  and making  leverage income. Bitcoin  is wide, we could  be addicted  to different  aspects  of bitcoin. In The sense  that one could be addicted  to accumulating  wxh is a good addiction  why another  could also be addicted to trading  bitcoin wxh has a higher  risk.  

Profit should not be seen as guaranteed. As much as long term commitments looks profitable, daily engagement does not equal daily profit. Traders can relate on this very well.

Of course  it's not  and that's why I don't allow my self to be carried  away with the trading  of bitcoin  and taking  profits, I'm more particular about investing  for long  which  has a guarantee  that profit  will be made overtime.

Bitcoin mission was to give us freedom money, not to take away our freedom. Satoshi himself disappeared after invention. That's to tell us that there is life aside bitcoin.

You can equally  use bitcoin  to run your affaire  without  getting  addicted  to it, and Satoshi  disappearance  was more of like trusting  the system  to be decentralized.

[Alpha Marine]

Not like I have ever seen or heard of anyone addicted to bitcoin, but addiction is bad, no matter what it is. The thing itself may not be bad, but once you are addicted to it, then you have a problem. Something as good as drinking water can be a problem if you get addicted to it.
It's okay to like it, always want to learn about it and want to accumulate it, but don't get addicted. Being addicted to something means you can't live without it, and that is unhealthy.
Maybe I'm overreacting, but the image also makes it look worse.

[Cointikka]

I did check the definition of addiction on Google before replying to your post, OP.

Addiction is a chronic medical disease characterized by compulsive substance use or behaviors despite harmful consequences. It physically alters brain circuits related to reward, stress, and self-control, leading to an overwhelming compulsion to repeat the action.

Idk... what made you think adding "addiction" to the title would make it more appealing? I think accumulating Bitcoin should have been used in the context of your topic.

[MadSl1m]

The logic behind describing crypto trading as an "addiction that pays" does not hold, since these two terms are not compatible with each other.

As the number of scientific papers examining crypto trading as a behavioral addiction, similarly associated with psychological problems as pathological gambling, keeps growing, one can consider variable ratio reinforcement as another term to describe this kind of gambling, where 24/7 availability and the lack of a "broker brake" distinguish crypto from a casino slot machine.

As far as the "pays" part of the argument goes, empirical evidence suggests that the majority of retail investors engaged in day trading will be losing their money after several years, which is backed up by the warnings issued by the SEC. In case of cryptocurrency traders, leverage makes the situation even worse.

Hence, the meme is valid for buy-and-hold crypto enthusiasts, while being reversed for the group of traders who would fall under the category of gambling addicts. The important difference here is the mode of engagement and not the asset itself.

[348Judah]

I understand you all and how some of you try to reason along with the intention on the image I'm trying to portray here with the context of addiction in relation to Bitcoin, though it is not the addiction itself we talk about here but how we cannot do without getting involved with bitcoin on our daily uses as the second image illustrate more for its applicable areas for using Bitcoin daily, this also shows about bitcoin globalization and relevance together with the influence it has guarded, being a recognized digital currency serving at diverse multifacet areas of use.

[Jostern]

Bitcoin would definitely be part of an individual who have been investing in bitcoin for a very longest time which is why it’s more important and necessary, but I’m not going to refer to bitcoin as a an addiction elsewhere it’s something that wouldn’t sound very appealing, we can likewise say that bitcoin is just part of our day to day life when you’re investing in long term, I’m not talking about trading, when you’re buying bitcoin on a weekly basis or on a monthly basis it would definitely be part of your life, which is why I’m wondering personally how that can be appealing as an addiction.

[Renampun]

I think that addiction is always associated with negative things, while Bitcoin offers something positive so we can't connote it with negative things.. in my view, there must be a level of awareness when we want to invest our money in Bitcoin, because if not, we will invest our money beyond our capabilities which in the end will disrupt our finances. we can be so enthusiastic about Bitcoin, but we also need to remain rational so that we don't invest more than what we can afford.

[Satofan44]

This is false, stop spreading wrongful behavior. Any kind of addiction is bad for you, including an addiction to Bitcoin. Do you even know what an addiction to Bitcoin would mean? It does not mean what you think it means, i.e., the addiction towards merely stacking Bitcoin as the balance. It means checking the news daily all the time, checking the charts all the time, getting soaked into conspiracy theories across the spectrum, not being able to function normally without interjecting Bitcoin in various ways of your life including many places where it is not appropriate. This is a nightmare for most people, and an addiction approach to Bitcoin will lead to various risky moves that will inevitably lead to personal or familial ruin. When you are addicted, you are not making conscious and rational decisions -- you are making compulsive decisions.

We can easily understand what you are trying to talk about, but bitcoin is not what someone can abuse, so it is not an addiction if you are using bitcoin to trade or if you hold it.

Nonsense, anything can become an addiction and can be abused including Bitcoin. Just because you can't wrap your mind around concepts like addiction, that does not make something impossible.

The logic behind describing crypto trading as an "addiction that pays" does not hold, since these two terms are not compatible with each other.

There is no addiction of any kind that pays, and if there is some "it pays" aspect to it it is part of the delusions of the person who is addicted. This thread could be closed as it was now explained by several members, but I assume it will be left open to reach 30 pages of useless and generic shitposts by people who have 0 education about addiction (or anything else for that matter). Let's see.

[Z-tight]

The second image makes no sense, not like the first does, but the second takes the cake for me. It is a stupid thing to try to make people feel 'guilty' for spending their own money, money you think they should have used to buy BTC. To think that gas is on the list, lol, how am i to get to work if i have to use my money for gas to buy BTC, guess whoever is behind that image is jobless.

See, i am a bitcoiner, but please don't tell people they can be addicted to BTC, that is wrong. People have lives to live and enjoy and they cannot spend all of it on stacking coins, watching the price movement or believing BTC is the solution to all problems. Please stop guys!

[_act_]

We can easily understand what you are trying to talk about, but bitcoin is not what someone can abuse, so it is not an addiction if you are using bitcoin to trade or if you hold it.

Nonsense, anything can become an addiction and can be abused including Bitcoin. Just because you can't wrap your mind around concepts like addiction, that does not make something impossible.

I will like people to understand my post very well and not believe what you quote:

We can easily understand what you are trying to talk about, but bitcoin is not what someone can abuse, so it is not an addiction if you are using bitcoin to trade or if you hold it. I am not talking about bitcoin or crypto trading using bitcoin as pairs, I mean if you are using it to buy things and also accepting it from people that want to buy something from you. But it is very distinct that if you hold bitcoin, you will make profit from it.

In the trading part, I indicated that I am not referring to bitcoin or crypto trading, that I am referring to buying and selling goods and services with bitcoin.

That said, this is where you will know how stupid you are.

Bitcoin investment and holding can not result in addiction, it is day trading or scalping that can result to addiction. In short, trading itself can just be like gambling because their addiction are similar.

If you said holders can be addicted to bitcoin, you are absolutely saying rubbish Mr Know all Satofan44.

It is best not to quote me because I am gaining nothing from you than online quarrel or irrelevant argument.

[Lucius]

Presenting Bitcoin as an addiction with graphics that allude to drug consumption is beyond comprehension and paints a very ugly picture on the community of this forum. We are neither addicts, nor are we a sect that performs secret rituals - Bitcoin is a decentralized cryptocurrency and nothing more.

[Catenaccio]

Bitcoin has been part of our daily activities in such a way that a day will not pass without us getting engaged in Bitcoin in one Way of the other, for sure we all know that this is not time wasted because there is always a profiting aspect of it that we all stand to benefit at the end, this is where each day everyone of us has something to do regarding the use of Bitcoin.

I only feel safe for myself and support people who use own money to buy bitcoin. With Saylor and Strategy, they have tried and used many tools for getting money to buy bitcoin from own money to their company investors and different convertible notes. By using more leverages, increasing risk on their business model and Bitcoin portfolio, I no longer consider Strategy as a role model for Bitcoin institutional investors and surely small investors like retail can not apply that method.

I consider Strategy is like a waiting bomb to be exploded if they continue like this and won't try to deleverage their super high and risky leverages used so far.

[Cryptomultiplier]

I don't think an investor in Bitcoin can be truly addicted to Bitcoin. Where the addiction feel of Bitcoin comes in, is when it is treated like a high leverage casino, instead of it being treated as a currency of value for commerce of hedge against inflation.
When an old Bitcoiner gets so used to the decentralized network and code and system in its entirety and takes advantage of it for everyday transactions and earning, it can't be called addiction.

Only in cases of compulsive trading that mostly involves day trading and scalping activities like I said earlier about it being treated like a high leverage casino, can it really become addictive.