Topic: Investing Addiction. - page 4. (Read 1121 times)

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.


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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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!

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.

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.

Will we really call this threats addiction for investors?. To me i will regard them as opportunist. The are setting out their priorities right. One can decide to neglect their personal needs just to make sure they have secured enough for the future and in real sense it can't be seen as addiction. Addiction is more common amongst traders and gamblers because this two processes requires instant profit and loss.

I agree, we all have a bit of an addiction when it comes to investing in bitcoin because we all prioritize it over any other asset. But don't let it become a bad addiction.
After all, bitcoin is just money, but many people become addicted and crazy about bitcoin. They propagate bitcoin like god can save them from earthquakes, from war, and recently, there was a thread about bitcoin that saved them when they were in the middle of the desert...Too much exaggeration revolves around bitcoin. Bitcoin is really good, but it is not a god that can save or benefit us in all cases. I think they got too addicted and gave birth to hallucinations, which is really not good at all.

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 .

all of that aims to make a profit, addicted to investing because they already have knowledge and experience or have been able to achieve profits in several previous investments so that it makes someone addicted to seeking profits in investing, I think that's a natural thing and everyone will do it when the investment goes well .
but regarding risks and all possibilities, of course, they can be minimized, especially for people who already have knowledge and experience in investing.

Investing is not considered as an addiction, but it is possible for some people to become overly obsessed with it. This can lead to risk taking or neglecting other important areas of life that we need to prioritize. Investing itself is not dangerous if done responsibly and with a clear understanding with the risk involve. Investing can be a way to grow our wealth and achieve our financial goals. It is important to educate ourselves with investing to be aware of the risk that we are going to face.

Investing is good but over-addiction will lead to losses like gambling no one can tell when a currency will rise, just as gambling addiction can lead to exhaustion in investment addiction. That's why first you need to know about the crypto market which currency gives good profit and buy cryptocurrency by verifying them. Since cryptos are very volatile, no one will be able to accurately predict their value. Research the market and if you think a certain crypto is underpriced, buy it or if you think it's overvalued now sell it.

You are right, anything in excess will not be good for the final result, so investing addiction must be reduced because any investment will always have a losing impact even if you have invested in top coins, a simple case for example that you have bought buy bitcoin at $ 50k the previous ATH price moment, so surely your investment interest will decrease after your assets are reduced, so don't be addicted to investing but prioritize analysis to invest at low prices and it will take a long time to wait for a market bearish moment.

this is a necessity of life so it must be met no matter how expensive the food is if it is healthy it is not a problem, my principle is to invest if the problems of daily life have been fulfilled and new enough to invest, why have a lot of investment property, if we who have bodies accept mental stress and poor health unstable for a long time, our investment will run out for treatment
so enjoy your life, don't hoard wealth because there's no use being rich but not enjoying