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Topic: Investing Addiction. - page 2. (Read 1062 times)

legendary
Activity: 2884
Merit: 1137
Leading Crypto Sports Betting & Casino Platform
May 17, 2023, 11:24:26 AM
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?
Yes, you definitely can get addicted to investing, i did. At first it's understandable that you can't making money without putting some of it to investing. Put at some point you have enough and just keep rising the amount. You start to lose reality when it stops being money and its just numbers, and those numbers are never high enough. I had money to spend definitely, but i was always looking at the next level. Can i buy a car? A house? Can i live year with this? Can i live rest of my life? Can i live a luxury life? Are my children going to be able to live with this after i die?

Nothing is enough. Gladly i have also started to invest myself. I don't even mind where we are on the bull run or bear run. I can't ever sell the absolute top anyway. But if i need to invest to myself, my health or to my kids. I am not looking at the charts at that point. It's no use to invest your money if you don't use it when you have it.
member
Activity: 1232
Merit: 12
May 17, 2023, 10:01:16 AM
It's normal if we invest and profit then we will look like addiction, many people think that investing is like gambling, but actually gambling and investing are different things, if we gamble then there is a chance of losing and losing all the money, but when we invest and the price is down but we can be patient to hold then there is still a chance to profit again.
full member
Activity: 406
Merit: 100
May 16, 2023, 10:28:19 PM
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?

Investing addiction could be possible, there are people who neglect their basic needs and other financial needs in order to invest more money to their chosen investment. And i think this kind of addiction  is dangerous if it leads to a person neglecting their basic needs, such as good food, clothing and other important expenses. Neglecting these needs can have a negative impact on a person's physical and mental health. However, investing can also be a positive thing when done in moderation and with careful consideration of ones financial situation and priorities. It is important to maintain a balance and not let investing consume ones life to the detriment of other important expenses.
sr. member
Activity: 1624
Merit: 315
Leading Crypto Sports Betting & Casino Platform
May 16, 2023, 02:03:12 AM
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 .

You could consider anything to addiction if you couldn't stop yourself or limit yourself by doing such certain things. For example in gambling addiction, despite losing a lot of money still you're trying to have a loan just to have the funds for gambling which can be consider in investment. Investment still has the risk especially when it comes to crypto industry where volatility is present to it's currency. Greed and addiction to have a stable financial status from investing could still be consider addiction, to point where you forgotten to enjoy yourself as you focus on making money sources.
legendary
Activity: 2086
Merit: 1058
May 16, 2023, 01:56:30 AM
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 think it's more about what you do about investment. Like for example, I could invest my money into just bitcoin and hold it for many years and check the price maybe once or twice a month, that would be an investment that is not addictive. Or you could invest and check the price every 5 minutes to see how it is doing, that would be considered addiction.

So, it's not about the investment itself but HOW you invest, if you invest like an addicted person and constantly try to do something about then it is going to be a trouble. Many people who are new start like that, and should not be considering that situation as normal. I feel like the best thing to do in this case is to invest and let your investment be until it reaches low or high enough for you to stop.
sr. member
Activity: 1974
Merit: 453
May 09, 2023, 01:16:36 AM
Trading in the financial markets is stimulating, exciting, and engrossing. But you can become addicted, just like with actual casino gambling or using drugs. like any addiction, trading addiction can you socially and economically. If you have enough control to your mind then, you can balance life and your finance. The way we use knife, it helps us in kitchen but same knife can take someone's life as well, if we are not using in right way. This is why if we are investing our extra money or in sudden limit then addiction to investment is good.
sr. member
Activity: 2268
Merit: 256
Vave.com - Crypto Casino
May 08, 2023, 11:49:20 PM
I think gambling and investing are two things that are almost the same even though investment is the result of decisions from various mature predictions, but both are the same as being used to take luck that is uncertain whether to gain or lose. even some people who immediately jump into the world of fast investments like crypto must think that this is gambling not investment.
hero member
Activity: 602
Merit: 638
May 08, 2023, 08:10:22 PM
Well, addiction is not good but in the case of investment addiction, I would consider this as a different story. It is good if we are addicted to something that gives us more money, whether we are spending it too much but actually, the results are great compared to gambling addiction where our money is flowing out.

If I understand your illustration and explanation correctly, not every addict is a bad one. Gambling addicts are the worst addicts ever. Investment addicts, to some point, are also very good, but to the point where the OP explained it, it's really bad. Like, what's the point of investing in something when you are not leaving a healthy life? All the investments that we make are for the preparation of our future, for our future to be better than how it is right now, on a financial level, I mean. But what if we keep leaving the investment addict's life and the person never has to meet those futures because of bad health? What then is the importance of the investment?

It's always good to invest, but why do we do that? We should always do it and apply wisdom to it. If you are in need of some pressing needs, those saved funds that are invested somewhere are to be used to get a better life for the individual, feed well, etc. But when it comes to dressing well, one can actually minimize that, just like they can minimize the amount they spend on buying expensive clothes since those are not part of the essential things that keep their life going.
hero member
Activity: 2772
Merit: 518
★Bitvest.io★ Play Plinko or Invest!
May 07, 2023, 05:22:00 PM
In my personal view, if the investment always has a good return for each individual, this is the reason why or maybe an investor develops an addiction. Of course, he experienced a big return on his investment that he probably didn't expect.
Well, addiction is not good but in the case of investment addiction, I would consider this as a different story. It is good if we are addicted to something that gives us more money, whether we are spending it too much but actually, the results are great compared to gambling addiction where our money is flowing out.
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That's why because of that addiction, maybe other investors don't notice that with every investment they lose a lot of capital, they don't see it anymore and they can't think properly because what they always see is the positive. that they will earn from the capital they release.
In this case, this person is not doing his job as an investor because if he does, he would never invest in something that he never know. Because for me, why I should be doing that when the purpose of my investment is to earn money, not lose them.
Maybe this would happen to newbies but this is impossible for old-timers.
sr. member
Activity: 1316
Merit: 253
Sugars.zone | DatingFi - Earn for Posting
May 07, 2023, 02:30:54 PM
Profit is the main purpose of investments, but investment addiction can still happen even when one is making a profit. Wait, don't think that's a good thing because once you focus too much on it, it will greatly affect your daily life as well as the relationships around you. Even for a long time, they will be so obsessed with making money through investing that they ignore other aspects of life. In my opinion, I am the master of myself, not the money that governs me. So you have to know how to balance everything around so you can enjoy a lifetime in this life.
newbie
Activity: 37
Merit: 0
May 07, 2023, 01:34:25 PM
Life is a gradual process and it has to be balance to an extent in every ramifications we have to consider other aspects such like health, social needs, food, and other materials needed, then after considering some of this basic and put into consideration, then we invest again with wisdom leading. Still look around to see what is important again after some time, then solve it.

It is not advisable to keep saving while in serious health condition or starving, we should also take care of our other need because death may appear anytime and all the investment has never serve at any area. We should try to balance life and apply knowledge and deep thoughts how we suffer our self and our body system entirely.
sr. member
Activity: 1540
Merit: 276
May 07, 2023, 09:21:33 AM
Addiction in investing is very different from gambling because in investing we have great hopes to get profits but in a time that we cannot determine, while gambling is just a lure that we always hope for and only some people can get winnings, and many gamblers they are very wasteful if they have received large bonuses, but for investors they can always manage their finances both in spending and for capital  Invest, and they usually will have a certain time to spend their money on luxury shopping and this is very often I find, but all this depends on each of us.
sr. member
Activity: 1666
Merit: 453
May 07, 2023, 06:11:16 AM
In my personal view, if the investment always has a good return for each individual, this is the reason why or maybe an investor develops an addiction. Of course, he experienced a big return on his investment that he probably didn't expect.

That's why because of that addiction, maybe other investors don't notice that with every investment they lose a lot of capital, they don't see it anymore and they can't think properly because what they always see is the positive. that they will earn from the capital they release.
legendary
Activity: 2072
Merit: 1023
★Bitvest.io★ Play Plinko or Invest!
May 07, 2023, 06:10:45 AM
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.
Whatever form it takes, addiction is a bad habit. especially when it comes to money will make our lives financially destroyed. Most people who are new to investing or trading think that this is a shortcut to multiplying money, without having enough knowledge they are determined to do it, and the results are not what they expected, then after that, there is disagreement and curiosity. from their minds and indirectly they are not aware that they have lost a lot of money here. It all starts with addiction when you win and curiosity when you lose, so how is this different from gambling? I think most people these days are always tempted by the results without them knowing how the process.

Once called addiction, nothing can be called good, bitcoin is no exception, it's surprising how many people are defending bitcoin. Once addicted, it not only destroys our finances, but the consequences will be much more dangerous. It will affect our health as well as all our relationships in society. No matter how much we love bitcoin, we should balance our lives, don't let it make us addicted. Life is full of exciting things and needs attention, not just bitcoin, and money is everything.

How it can be called "bad" while it gives you many advantages and less of disadvantage.  You can see that addiction in investing will give you some profit from your investment. although as you all said that every things that was done with addiction called as bad.

Too much is always bad, which is also addicting. If, let's say, the person is addicted to investment and he spends most of his money on investment, let's say 90% of his salary, with nothing more left for his needs, and then his investments have still made no profit for months, then that is the problem. But if he has already seen the returns and as long as it isn't affecting him or his family, then I think that addiction is somewhat good. But again, when it is about addiction, there are still negative aspects to it, not financially but for sure for health or relationships with others.

Let's not talk about investment, let's say when a child learns and when he learns so much that his health is affected, it is not a good thing, although education is always called a good thing.
Once it is called an addiction, it means that it is causing consequences, not bringing positive results, if it only brings benefits, then no one will call it an addiction. It seems that people are confusing passion with addiction, they are entirely different.
If you are passionate about investing and get rid of the habit of spending money in vain, then it is the right thing to do. But when you give up everything, including family, health... to focus on investing, it's no longer a passion but an addiction.
sr. member
Activity: 1190
Merit: 296
May 07, 2023, 03:47:26 AM
There are many other activities that can be considered active addictions, such as reading, learning a new skill, or pursuing a hobby. These activities can provide many benefits, such as personal growth, intellectual stimulation, and a sense of accomplishment.
Undoubtedly we should have interest or addiction towards learning or learning something new. We should be addicted to those things which addiction will bring benefits to life. By addiction we mean something bad but can be addicted to something good. And we have to be addicted to that good thing.
However, even when viewed as positive, it can be addictive if it begins to negatively impact other areas of life or if it is pursued to the point of obsession. It's important to maintain a balanced approach and prioritize other important aspects of life, such as health, relationships, and personal growth, while pursuing your passions and interests.
If we become overly addicted to investments or financial income, that addiction can have a very negative impact on our lives. Because addiction to money income changes people a lot. Then the small wants of life will have no value.  Then this addiction will become more important than your own family. So we should not be so addicted to these online investment platforms.
hero member
Activity: 2352
Merit: 594
May 07, 2023, 03:29:53 AM
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.
Whatever form it takes, addiction is a bad habit. especially when it comes to money will make our lives financially destroyed. Most people who are new to investing or trading think that this is a shortcut to multiplying money, without having enough knowledge they are determined to do it, and the results are not what they expected, then after that, there is disagreement and curiosity. from their minds and indirectly they are not aware that they have lost a lot of money here. It all starts with addiction when you win and curiosity when you lose, so how is this different from gambling? I think most people these days are always tempted by the results without them knowing how the process.

Once called addiction, nothing can be called good, bitcoin is no exception, it's surprising how many people are defending bitcoin. Once addicted, it not only destroys our finances, but the consequences will be much more dangerous. It will affect our health as well as all our relationships in society. No matter how much we love bitcoin, we should balance our lives, don't let it make us addicted. Life is full of exciting things and needs attention, not just bitcoin, and money is everything.

How it can be called "bad" while it gives you many advantages and less of disadvantage.  You can see that addiction in investing will give you some profit from your investment. although as you all said that every things that was done with addiction called as bad.

Too much is always bad, which is also addicting. If, let's say, the person is addicted to investment and he spends most of his money on investment, let's say 90% of his salary, with nothing more left for his needs, and then his investments have still made no profit for months, then that is the problem. But if he has already seen the returns and as long as it isn't affecting him or his family, then I think that addiction is somewhat good. But again, when it is about addiction, there are still negative aspects to it, not financially but for sure for health or relationships with others.
hero member
Activity: 1792
Merit: 534
Leading Crypto Sports Betting & Casino Platform
May 06, 2023, 10:54:42 PM
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.
Whatever form it takes, addiction is a bad habit. especially when it comes to money will make our lives financially destroyed. Most people who are new to investing or trading think that this is a shortcut to multiplying money, without having enough knowledge they are determined to do it, and the results are not what they expected, then after that, there is disagreement and curiosity. from their minds and indirectly they are not aware that they have lost a lot of money here. It all starts with addiction when you win and curiosity when you lose, so how is this different from gambling? I think most people these days are always tempted by the results without them knowing how the process.

Once called addiction, nothing can be called good, bitcoin is no exception, it's surprising how many people are defending bitcoin. Once addicted, it not only destroys our finances, but the consequences will be much more dangerous. It will affect our health as well as all our relationships in society. No matter how much we love bitcoin, we should balance our lives, don't let it make us addicted. Life is full of exciting things and needs attention, not just bitcoin, and money is everything.

How it can be called "bad" while it gives you many advantages and less of disadvantage.  You can see that addiction in investing will give you some profit from your investment. although as you all said that every things that was done with addiction called as bad.

Once addicted, you will put all your money and time into it. You don't care about your health, don't care about your children, your family. You will even use living money, the whole family's savings, to invest. In your opinion, is it good or bad?

If you think investment addiction is good, and the benefits outweigh the risks. Why don't you sell your house, sell off your assets to invest in bitcoin, and expect a great outcome? Everything needs a limit and moderation, if it is exceeded and addicted, it will never be good.

By the way, I would like to know what is your definition of addiction, why you think addiction is good?
sr. member
Activity: 1344
Merit: 259
Tontogether | Save Smart & Win Big
May 06, 2023, 05:46:59 PM
There are many other activities that can be considered active addictions, such as reading, learning a new skill, or pursuing a hobby. These activities can provide many benefits, such as personal growth, intellectual stimulation, and a sense of accomplishment.

However, even when viewed as positive, it can be addictive if it begins to negatively impact other areas of life or if it is pursued to the point of obsession. It's important to maintain a balanced approach and prioritize other important aspects of life, such as health, relationships, and personal growth, while pursuing your passions and interests.
sr. member
Activity: 952
Merit: 323
May 06, 2023, 04:38:04 PM
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.
Whatever form it takes, addiction is a bad habit. especially when it comes to money will make our lives financially destroyed. Most people who are new to investing or trading think that this is a shortcut to multiplying money, without having enough knowledge they are determined to do it, and the results are not what they expected, then after that, there is disagreement and curiosity. from their minds and indirectly they are not aware that they have lost a lot of money here. It all starts with addiction when you win and curiosity when you lose, so how is this different from gambling? I think most people these days are always tempted by the results without them knowing how the process.

Once called addiction, nothing can be called good, bitcoin is no exception, it's surprising how many people are defending bitcoin. Once addicted, it not only destroys our finances, but the consequences will be much more dangerous. It will affect our health as well as all our relationships in society. No matter how much we love bitcoin, we should balance our lives, don't let it make us addicted. Life is full of exciting things and needs attention, not just bitcoin, and money is everything.

How it can be called "bad" while it gives you many advantages and less of disadvantage.  You can see that addiction in investing will give you some profit from your investment. although as you all said that every things that was done with addiction called as bad.
legendary
Activity: 3122
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
May 06, 2023, 04:27:28 PM
Investing is like addiction and in my opinion this is not a problem, as long as we can control our emotions then we can continue to profit, but sometimes we also have to think realistically that investing takes a long time to make a profit and sometimes even loses, if we are not ready for bad things to happen then it will stress and depression.

this is like a businessman who is also addicted in putting up more businesses because once you get acquainted with running your own business, you will think of other business that you can also explore. there's nothing wrong with such mindset. so long as you said, you are ready emotionally, financially on this endeavour.
this path is not for all people. for one, not all have their spare money to venture in this kind of investment. but if you are capable of, some are lacking of the skills needed to sustain such path.
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