Topic: cryptocurrency addiction (Read 2807 times)

nope, I am always fully cured of any addiction in sustained down markets 

This has been debunked like over 9000 times. Theres nothing you can do with bitcoin that you can do a lot easier with a fiat currency that you have the printing presses for.

Yup, gambling on cryptocoins is fun got to agree on that one.

This is not 100% correct... Govs could use Bitcoin to control a population like never seen before... since most people, 99% are sheep it would be easy to do.. :S.

Money has become your idol.  Go camping for a week or so and see how you cope.  I guarantee you won't like the result. Try to not be a hedonist.

I love bitcoin

not so much about others.

I think that's often to do with how much self-control you have as well though I do admit these days I find myself constantly scouring the Bitcoin markets and looking at news but that's just purely because I genuinely make some money off it.

We need a terminology to describe bitcoin enlightenment. All of the biggest proponents of bitcoin all have gone through this phase where their entirety was consumed with the pursuit of knowledge of bitcoin. From what ive seen everyone that has gone through this enlightenment goes through it in phases.

First: they hear about bitcoin and just brush it off

Second: they hear about bitcoin again and then they read the satoshi paper, this is when they catch the bitcoin bug

Third phase: depending on the person to various degrees their lives get consumed with the pursuit of knowledge for bitcoin

Fourth phase: After they realize bitcoin is now their higher calling, it redefines their existence. They try to integrate bitcoin in their lives, eventually they make it a full time pursuit. In this phase Andreas goes from a little known security expert to the world renowned Andreas the bitcoin ambassador. He goes from virtually unknown to someone with a legacy. This is proof bitcoin will build legacies and disrupt the world, because we are already seeing the power it has to change the lives of the early adopters.

Here's an example of Andreas talking about how he was bitten by the bug:

https://www.youtube.com/watch?v=KW_wYvZ1eZg

In the beginning of this video he talks about how he (1) brushed off bitcoin when he first hear about it. After he read the (2) satoshi paper he was (3) consumed 18 hours a day for 4.5 months just reading about everything he could with bitcoin. During this time he lost 25 pounds and didnt eat or sleep all that much. Eventually he is able to (4) integrate bitcoin into his life and makes it a full time job.

In several videos, Vitalik briefly describes a similar process he went through.

Actually, this enlightenment process sounds like the death and rebirth experience that men in shamanistic cultures go through in a coming of age ritual.

Well I work a lot of hours on my computer and spends hours on it in a day. So checking at bitstamp isn't what wasted my time that much.

http://www.youtube.com/watch?v=iQKydDO2f0s

Launching redundant altcoins is not the answer. Seek guidance from family and friends. Join a support group

Wow that's a lot.

I wouldn't say I'm addicted any farther than doing actual work for my Bitcoin.  Seriously, though, I think Bitcoin is cool as a way to carry my value with me without having to rely on third parties. I wouldn't call it an addiction yet, because I can go whole weekends without staring at the amount of Bitcoin I have in my wallet.

Bitcoin is encompassing more and more of my life. It's already a very big part of my roommate's. The important thing, as other people have said is to not let it negatively effect your life. He was at the point where he was checking bitstamp every 10 minutes. That I think prevents you from enjoying life.

yes , i have

Well I could consider that I was addicted back in 2013 in the period of October till December. I was heavily involved in mining at that time (GPU farms and altcoins). Luckily due to the spike that I had expected everything paid off quickly. In November and December I was checking the price over 100 times a day and it was time consuming. I was checking up on all the news and forum constantly.

Thing have changed in 2014 dramatically though and this is not the case. Although some physical coins fascinate me and bring the urge to buy them.

Tiem to confess: im addicted to following the bitcoinwisdom chart.

weak trolling, try harder

Yes OP i feel you. It wastes me too much time! On the other hand i have only won money so far and also got many skills i didnt had before so...

Still i want to manage to spend less time here...

Investment/trading gambling addiction?


An interest in cryptocurrencies does not necessarily mean you make compulsive purchases

Is there any scientific term for that yet? Maybe we do have a new kind of addiction.

Are we talking here about gambling addiction or love for cryptocurrencies? I have trouble to differentiate between these two.

Yep, pretty soon I'm going to be stockpiling gold and silver as well Of course I'm addicted to the idea that I can dictate my own future and not have other people spend any future earnings I have without my permission.

I had a friend that loved gambling - poker, blackjack, SportsPro, whatever. He said he won and lost thousands over the years before he decided to quit gambling. He then got into the stock market and lost tens of thousands over night. That's when he realized he actually never did quit gambling.

Investing in Bitcoins and altcoins is no different. Everyone here is gambling. Good luck! 

hear hear! let us embrace our addiction of cryptocurrency!

I am also like you, I am addicted to cryptos and everything related.

Quality on-topic post.

Bitcoin is the Dream Theater or rush of its time.

It is not a certainty.

What i think you meant was, "Because there's a high chance that you'll lose money short term investing in bitcoin."
Since you're so short sited Ill revise what i wrote; "In the long-term, there is no risk in investing in freedom enabling tools."
'
Of course your gonna lose money in the short term.

You need to remember that when youre talking to someone that may be playing with the idea of investing in bitcoin they almost always mean longterm. If the person was trying to play the market short term they wouldnt be asking you the question.

These discussions are always long term

Because there's a high chance that you'll lose money investing in bitcoin.

Bitcoin is a tool that enables ever greater degrees of freedom. Can you provide any evidence as to why its bad to invest in tools that allow exponential increases of freedom to exist?

Were automobiles a bad investment because they allowed you more freedom in travel?

Was it bad to invest in computer development in the 80s when no one could see a future for it besides for visionaries like steve jobs?


Bitcoin is so disruptive its going to set a new standard for disruptive technology. I feel bad for you that you don't understand the very basic fundamentals behind it. 

 

You don't know if BTC is freedom or hell. No one does.

Keep telling yourself that.

Its not gambling when you're investing in freedom.

Dont ever forget, "Freedom is always a good bet."

Investments can be considered gambling -- high-risk ones even more so.

i don't think its negatively impacting my life, i just think i'm addicted to it...bitcoin would have to go to the low double digits for me to ever lose money but i still feel compelled to buy lots of it even at today's prices.

is that gambling?  

Yes, I have a unhealthy addiction to crypto.

95% if the time I'm awake I'm online and doing crypto related stuff.
I run 5 projects atm, all crypto related. Launching one more this week.

In crypto I trust.

Peace!

If you feel compelled to gamble money and it is negatively impacting your life, you may wish to seek help.

does anyone else have it?

i mean, i keep pouring money into crypto because i believe in it, but also because of the insane *highs* (and lows) that i felt throughout 2013.