Addiction to Bitcoin is never too much

[Ambatman]

I'm not a fan of posting in threads that are more than Four pages already
except I usually frequent it
But this caught my attention
Addiction been painted as something good.
This is wrong
Addiction to anything even if it's positive is not advisable.


Don't get addicted to anything
Control your actions or it would cost you in the long run.  

[Son Of Blockchain (SOB)]

 I don't like the image used to portray one's love for Bitcoin, seeing it would make you think of drug addiction but then the message is talking about another thing, it's just like talking good about Bitcoin with an image that portrays bad behaviour so I don't think I'm in support of that.
 It's so funny reading how people put Bitcoin in the picture to make addiction look good, my understanding about addiction would always relate with a bad behavior and it doesn't matter whether Bitcoin is in the picture or not, instead of being addicted to Bitcoin which might lead me to making wrong choices, I'll rather try to understand it better.

[Minor Miner]

People can be addicted to bitcoin investment or bitcoin trading and it can really affect their life negatively take for example if you are so addicted to bitcoin trading that you end up borrowing money in order to trade, you focus all your attention in the Bitcoin market chart that you forget important things to do, you lost relationship because of your total commitment and focus to bitcoin trading so it is very possible to be addicted to Bitcoin but only if you are trading Bitcoin.
But if you are investing in Bitcoin for long term that is usually more better because you won't get addicted to it.

Unless they don't have the knowledge of BTC that is when it will affect them negatively, because you have the knowledge and you will know when to buy in the bear market and hodl for long years for the bull market to occur before you can be bold to trade to earn massive profits. It will be hard to see someone that is addicted to BTC investment he or she will not be making it from BTC investment, because they know when to start accumulating BTC and when to plan to sell the BTC to be profitable.

When you are not planning to sell your house or properties that is when is good to be addicted to BTC investment, but when you are addicted to BTC and you start selling your property that is when is not good to be addicted to BTC, because it will not allow you to enjoy BTC investment.

But I believe that if someone has knowledge of bitcoin, finance, and basic life awareness. They would never allow themselves to become addicted to bitcoin, no matter how good it is. Because, in the human dictionary, addiction is synonymous with loss of control and destruction of life.

Addiction is addiction, and it is a term used to describe negative behaviors. We should not become so obsessed with Bitcoin that we start normalizing or downplaying addiction.

[aoluain]

Being addicted to something which is good and benefits us can only be positive.

Does anyone remember the hit pop song from the 1980's by Robert Palmer called
"Addicted to love" ?

Its possible to turn a word associated with negativity and danger to something positive.

I thing a lot of us are addicted to Bitcoin and have been for many years, I dont think
there are any negative consequences from that.

[Out of mind]

Bitcoin addiction is a really new word for me, but many people can call the love for Bitcoin, the attraction and attraction towards Bitcoin, an addiction to Bitcoin. However, just like addiction to tobacco or alcohol or gambling brings people some bad experiences and bad conditions, but your addiction to Bitcoin will never put you in a bad situation. Addiction to Bitcoin can ultimately bring you a satisfying profit where the more you invest in a good position, the more time you give or hold it, the more profit you will get.

Although this word sounds very strange, those who can become addicted to Bitcoin will definitely be able to make profits in the future. Especially now there are many people who are addicted to drugs and gambling, but those who are addicted to Bitcoin can do something good in the future. The longer the investment in Bitcoin, the more likely it is to make profits. However, we know that addiction to all other things is a bad thing, but when it comes to Bitcoin addiction, it will bring something positive to a person and there is a possibility of profit.

[Satofan44]

Being addicted to something which is good and benefits us can only be positive.

Does anyone remember the hit pop song from the 1980's by Robert Palmer called
"Addicted to love" ?

Its possible to turn a word associated with negativity and danger to something positive.

I thing a lot of us are addicted to Bitcoin and have been for many years, I dont think
there are any negative consequences from that.

False, nonsensical statements like this indicate a misunderstanding in the basic definitions of the concepts that are talked about here. By definition, an addiction can never be a good thing. Being addicted to "good things" does not yield good results.

Addiction is a neuropsychological disorder characterized by a persistent and intense urge to use a drug or engage in a behavior that produces an immediate psychological reward, despite substantial harm and other negative consequences.

Classic signs of addiction include compulsive engagement in rewarding stimuli, preoccupation with substances or behavior, and continued use despite negative consequences. Habits and patterns associated with addiction are typically characterized by immediate gratification (short-term reward),  coupled with delayed deleterious effects (long-term costs).
https://en.wikipedia.org/wiki/Addiction

Being addicted to any good behavior will lead to grave mistakes and negative consequences. If it is exercise, you will overdo it and cause permanent injuries to yourself. If it is love, you will be a fool that will be abused by many partners and you most likely will be a person that chases the bad type of partner because they are driven by compulsion to always choose the next love. There are many variations of both and potential consequences, these are just some examples of how an addiction to a good thing will harm you.

Although this word sounds very strange, those who can become addicted to Bitcoin will definitely be able to make profits in the future. Especially now there are many people who are addicted to drugs and gambling, but those who are addicted to Bitcoin can do something good in the future. The longer the investment in Bitcoin, the more likely it is to make profits. However, we know that addiction to all other things is a bad thing, but when it comes to Bitcoin addiction, it will bring something positive to a person and there is a possibility of profit.

Unless this addiction to Bitcoin and the desire to have more of Bitcoin and make more profits created a circle that keeps increasing the intensity of the addiction in you, and then you invest all your coins in a leverage bet or a NFT scam because you were sure you will get more Bitcoin this way and then you ruin yourself. There are countless stories of this kind, so enough talking about addiction as if there was an addiction that could be a good thing. Having a burning passion and desire for Bitcoin is one thing, having an addiction is an entirely different thing -- and having an addiction of any kind is always bad.

[Mate2237]

What do you mean by addiction to Bitcoin. Bitcoin is not like gambling or alcohol were someone can get addicted to, if actually someone is addicted to Bitcoin then it's a very good addiction because Bitcoin is someone one thing that doesn't help you to waste money and gives you a problem on the long run. Continue with your bitcoin accumulation because there is nothing like bitcoin addiction Bitcoin accumulation is actually a good thing.



I don't think that addiction is the right word to discribed it, the right word should be Bitcoin enthusiasm because one can't get enough of Bitcoin you can't have enough of Bitcoin no matter the amount of Bitcoin one will acquire you can't say that you have acquired enough until the 21 million Bitcoin cap that is in circulation is finished by Mining.

[Patikno]

As far as I know, "addiction" usually leads to negative things, meaning it leads to something detrimental. So, I don't think the term "Bitcoin addiction" is appropriate in the context the OP mentioned. Let me clarify with another analogy. In sports, there is something called an "exercise addict". Basically, exercise is good for our health, but if it is done excessively (the wrong thing), it can actually be bad. So, we can conclude that "addictive" things usually lead to negative things, and that is why I dislike the term "Bitcoin addict". I hope you understand what I mean.

Well, maybe the term "Bitcoin Maximalist" or "True Bitcoiner" is more appropriate for people who love Bitcoin, and don't abuse it (using it appropriately, and without harm). Cmiiw.

[Versatile_choice]

I'm not a fan of posting in threads that are more than Four pages already
except I usually frequent it
But this caught my attention
Addiction been painted as something good.
This is wrong
Addiction to anything even if it's positive is not advisable.


Don't get addicted to anything
Control your actions or it would cost you in the long run. 

You're right about that, addiction is not a good thing for that I can never become addicted to anything no matter how profitable and / or good the stuff turns out to be. I would rather remain discipline and only do it moderately without crossing boundaries, Of course everything has limit so it is expected of us to stay within our limit without over-stepping it.

Some people are just being optimistic about bitcoin investment, and of course it's worth it but we shouldn't be carried away by the growth and then forget to apply the rules that says; invest with what you can afford to loss, of course this rules is still required no matter what.

[AYOBA]

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.  

Yeah, when it come to the Bitcoin I will also rather been addicted in the Bitcoin than get addicted something like gambling. Because Bitcoin is a world wide assets that everyone knows that is a reliable currency which is why so many people’s stick to invest they don’t mind to get addicted into it; since they see that getting addicted to Bitcoin will help them accumulate more bitcoin to hold for a long period of time.

They knows that getting addicted to the Bitcoin trading is a very dangerous thing which is why they never like to near the Bitcoin trading, and the since it involves of higher risks nobody wanted to fall in that trap.

[laspol65]

I don't like the addiction thing at all, but if I get addicted to Bitcoin and invest too much and lose my sense of reason, then it is not right at all. It would be best if I could control myself and invest in Bitcoin, maybe I worked hard enough to increase my discretionary income, neglected my family and invested all my money in Bitcoin.
Bitcoin increases in price in a cyclical manner for a long time, so if you are in danger during this period, then you may be forced to sell your Bitcoin holdings at a loss. So I think it is not right to get addicted to anything, the easier the current situation is, the easier it is. Be patient and invest as much money in Bitcoin as you can afford to lose in Bitcoin holdings.

[free-bit.co.in]

Yeah, when it come to the Bitcoin I will also rather been addicted in the Bitcoin than get addicted something like gambling. Because Bitcoin is a world wide assets that everyone knows that is a reliable currency which is why so many people’s stick to invest they don’t mind to get addicted into it; since they see that getting addicted to Bitcoin will help them accumulate more bitcoin to hold for a long period of time.

They knows that getting addicted to the Bitcoin trading is a very dangerous thing which is why they never like to near the Bitcoin trading, and the since it involves of higher risks nobody wanted to fall in that trap.

Believe me, if you are addicted to Bitcoin, your fate will be no different from that of gambling addict.

Do you know what the symptoms of addiction are? You will become obsessed with it, lose control, and be distracted from your work and daily life. Even worse is borrowing or stealing money to invest and feed the addiction. Therefore, no matter what you are addicted to, if you experience these symptoms, you will not have a good outcome.

[Alonso_]

Yeah, when it come to the Bitcoin I will also rather been addicted in the Bitcoin than get addicted something like gambling. Because Bitcoin is a world wide assets that everyone knows that is a reliable currency which is why so many people’s stick to invest they don’t mind to get addicted into it; since they see that getting addicted to Bitcoin will help them accumulate more bitcoin to hold for a long period of time.

They knows that getting addicted to the Bitcoin trading is a very dangerous thing which is why they never like to near the Bitcoin trading, and the since it involves of higher risks nobody wanted to fall in that trap.

Believe me, if you are addicted to Bitcoin, your fate will be no different from that of gambling addict.

Do you know what the symptoms of addiction are? You will become obsessed with it, lose control, and be distracted from your work and daily life. Even worse is borrowing or stealing money to invest and feed the addiction. Therefore, no matter what you are addicted to, if you experience these symptoms, you will not have a good outcome.

I think there is different between gambling and bitcoin, in the sense that Bitcoin is more like an investment, while gambling isn’t investment, the most important thing when investing in bitcoin is having a discretionary income and investing within your means or reach, the better way of investing is with your leftover money, so I don’t see how you’re investing in bitcoin with your leftover money and it’s seen as gambling.

When you’re investing wisely and you’re addicted to buying and investing in Bitcoin with your normal discretionary money then I think it’s absolutely fine, there is nothing as such as gambling when you’re addicted to buying bitcoin.

[MarjorieZimmermanGinger]

I think there is different between gambling and bitcoin, in the sense that Bitcoin is more like an investment, while gambling isn’t investment, the most important thing when investing in bitcoin is having a discretionary income and investing within your means or reach, the better way of investing is with your leftover money, so I don’t see how you’re investing in bitcoin with your leftover money and it’s seen as gambling.

When you’re investing wisely and you’re addicted to buying and investing in Bitcoin with your normal discretionary money then I think it’s absolutely fine, there is nothing as such as gambling when you’re addicted to buying bitcoin.

Anything done excessively doesn't necessarily lead to the desired end result, but the distinction between gambling and involvement in Bitcoin should be quite different. Suppose someone gambles excessively, when they lose, the money they invested will also be lost along with the loss. However, when someone invests in Bitcoin, the money they invested can actually grow over time. The mindset for understanding gambling and investing in Bitcoin is also different because we expect asset growth, not quick profits like in gambling.

Bitcoin investment addiction is actually beneficial, but we need to manage our finances well so that investment involvement doesn't create problems for other needs. Investing wisely will allow a person to grow over time, as our assets will continue to grow in the future, which is very different from excessive gambling.

[Rustam Meraj]

Believe me, if you are addicted to Bitcoin, your fate will be no different from that of gambling addict.

Do you know what the symptoms of addiction are? You will become obsessed with it, lose control, and be distracted from your work and daily life. Even worse is borrowing or stealing money to invest and feed the addiction. Therefore, no matter what you are addicted to, if you experience these symptoms, you will not have a good outcome.

Analogy of Bitcoin obsession and gambling addiction being much more than fair caution to all retail investors should listen to. Actual tragedy comes in when an individual starts spending borrowed money or an emergency fund in attempt to purchase more coins in market run. This desperate act destroys families, ruins professions and causes devastating mental health problems. Investing is an idea meant to be quiet, boring and long term to make your life better other than one you can go crazy because it became habit. When your portfolio is leading you to sacrificing sleep, missing out on your daily chores, it is definite indication that you need to re evaluate your relationship with money by stepping back, locking your wallet, and fixing situation to put your body and mind back together.

[Queen uloma]

I believe that Bitcoin should be regarded primarily as a tool instead of an addiction. Although numerous individuals interact with it on a daily basis, achieving success requires patience, discipline, and a long-term perspective. The concept illustrated in the second image is crucial: modest and regular investments can accumulate substantially over time. Nevertheless, Bitcoin does not assure profits, thus making risk management and responsible investing imperative.

You’re correct, I think bitcoin is suppose to be seen as a tool and not an addiction. Even if many people use it everyday. being successful in bitcoin doesn’t just happen overnight. You need patience, longterm mindset and discipline before you can succeed in bitcoin. If someone starts investing on bitcoin gradually and consistently, it can grow big with time. But we should not forget that bitcoin does not guarantee profit because of the price volatility. That is why it is important for investor to manage risk and only invest with money that they can afford to leave for long-term investment. If investors use bitcoin Wisey, it can be useful for financial tool instead of something that will control their personal life.

[free-bit.co.in]

I think there is different between gambling and bitcoin, in the sense that Bitcoin is more like an investment, while gambling isn’t investment, the most important thing when investing in bitcoin is having a discretionary income and investing within your means or reach, the better way of investing is with your leftover money, so I don’t see how you’re investing in bitcoin with your leftover money and it’s seen as gambling.

When you’re investing wisely and you’re addicted to buying and investing in Bitcoin with your normal discretionary money then I think it’s absolutely fine, there is nothing as such as gambling when you’re addicted to buying bitcoin.

I'm not saying Bitcoin and gambling are the same. But when you are addicted, that is a different problem and the outcomes will not be much different. As I said, addiction means you become obsessed, spend a lot of time on it, neglect other aspects of your life, and lose balance in your decision.

If you invest wisely, putting only spare money into Bitcoin with a clear plan, that is not addiction.
Addiction is a behavioral problem, not an asset problem.

[Mahiyammahi]

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.

I used to have similar types of addiction on buying gold. I used to started buying in fragments. Then it's became a habbit of mine to buy Golds in fragments.  I realized that the desire to buy become more aggressive and started to buy in chunk of gold. When there was no fund , this desperate becomes something else. Like I used to lending money to these stuff. Although there's no financial loss in holding it but the way this desperation I think it affects on our social life.

Thank god , I was able to make a distance from it

[Kelward]

I believe that Bitcoin should be regarded primarily as a tool instead of an addiction. Although numerous individuals interact with it on a daily basis, achieving success requires patience, discipline, and a long-term perspective. The concept illustrated in the second image is crucial: modest and regular investments can accumulate substantially over time. Nevertheless, Bitcoin does not assure profits, thus making risk management and responsible investing imperative.

You’re correct, I think bitcoin is suppose to be seen as a tool and not an addiction. Even if many people use it everyday. being successful in bitcoin doesn’t just happen overnight. You need patience, longterm mindset and discipline before you can succeed in bitcoin. If someone starts investing on bitcoin gradually and consistently, it can grow big with time. But we should not forget that bitcoin does not guarantee profit because of the price volatility. That is why it is important for investor to manage risk and only invest with money that they can afford to leave for long-term investment. If investors use bitcoin Wisey, it can be useful for financial tool instead of something that will control their personal life.

Addiction is going very far but I understand that if you're into Bitcoin as an investor you should give it priority in your discretionary funds and you can forgo some urgent wants so that you won't miss your DCA accumulation. If you don't priotize your Bitcoin accumulation you might miss some DCA accumulation because doing it over the years can become boring so you need that top level of commitment to be able to continue.

You can be addicted in a good way to your Bitcoin investment that is speaking figuratively so that nothing not worth stoping you will come between you and your DCA strategy. It is important to know that profit is not guaranteed on the long term so as much as we're dedicated in our DCA strategy we shouldn't use money for our essential needs to accumulate it. Always use amount that you can afford to loose from your discretionary funds.

[laijsica]

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

It's good to have a long term Bitcoin investment addiction. Being addicted to trading for the purpose of getting high profits in the short term is not a good idea. Accumulation Bitcoin for the long term has a much higher chance of getting profits which has been proven time and again in the past.

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.

Regularly accumulating Bitcoin through discretionary income is not a waste of time, it is a more positive and effective strategy for you to grow your Bitcoin stack. Traders are associated with wasting time because their aim is to get high profits in the short term and always put capital at risk. In fact most traders fail to achieve sustainable profits from Bitcoin trading. There is a much higher possibility of achieving sustainable and high profits through long-term Bitcoin investment.