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Topic: Investing Addiction. - page 6. (Read 1121 times)

hero member
Activity: 1120
Merit: 887
Livecasino.io
April 29, 2023, 02:57:10 PM
#91
Do you consider that kind of addiction dangerous and not good?
People who identify as Serial investors fall into the category of those addicted to gambling. For them, it is a sport, a kind of game they enjoy. It gives them thrills and pumps their blood. They look for new ventures and ask for some equity. They invest, build it , and sell and repeat. I don't know if it affects their well being but what I can tell is that it makes them happy.
sr. member
Activity: 2268
Merit: 275
April 29, 2023, 01:40:07 PM
#90
It becomes abnormal if you are addicted to investing to the detriment of your well-being. To everything in life, there is a limit and if care is not taken after this it will lead to abuse. Having investment sense is good because you know you have a better future but it should be at a percentage.
This is why you should only invest with your extra money, and not go all in.
I have a friend who invested a lot with Bitcoin and other project, and when the bear market begins his well being becomes more affected, it started from anxiety, depression and now he’s under therapy.

Investing addiction is good once you know what you are doing, especially you know how to balance your life and your finances. Don’t let your greed to take over your body and your mind, you have to stay composed and of course know how to diversify.
The importance of being managerial in doing something especially related to money because it will have an impact on the psychology of humans themselves, that is the basis for us to show maturity in taking risks and not exaggerating so as to cause destruction that everyone does not want.

I don't agree that investing addiction is a good thing, that's a word that doesn't suit me, I prefer discipline in investing or investment consistency, that sounds better to my ears, because what addiction means is a bad thing even the object is Good.

For me personally, addiction is caused because it has become a necessity that must be done whether he is a gambler or an investment, a person who is addicted, so he doesn't care about the risks he faces, is he ready or not, he will do that.
Don't mix up the sentence addiction with need, even though basically, yes, people who have addiction really need things that make them addicted so they don't feel bad. because that's why addiction is a bad thing, where people no longer care about their surroundings and have the mindset that they can treat their addiction. Whose intention is for the future instead he himself killed him earlier.
hero member
Activity: 1666
Merit: 453
April 29, 2023, 10:40:11 AM
#89
I think I read a topic here in the forum where there are two people arguing that investing in cryptocurrency is just like gambling and the other says that investing in cryptocurrency is not like gambling.

It almost seems related to the topic you are talking about. Others say that if you are an investor, you should be a risk-taker. At this point, being a risk-taker does not mean you are a gambler. Because trading in cryptocurrency does not depend on luck to make money because there are tools used for trading to know when to buy or sell while gambling does not have such a system.
sr. member
Activity: 1848
Merit: 341
Duelbits.com
April 29, 2023, 06:00:52 AM
#88
If you are addicted to investing then I think you are gambling, it is not investing anymore. Investing means we should only invest with what we can lose, but if you put all your wealth into investing and get addicted to it, that is gambling. Investing and gambling both have risks in common, so we need to have a plan and should know where to stop, we should not exceed our limits or else we will have to pay a heavy price.
Basically, investment is often associated with gambling because of the lack of knowledge of people in this modern era. From a psychological point of view, when you experience a loss, it is not much different from gambling, so curiosity arises which causes a person to experience addiction. We have to prepare many things to start investing, have the right mindset, build definite plans, study market habits, and how to minimize losses. In fact, some of these points show a very big difference, where gambling does not need all of this, gamblers only need some luck in their life.
legendary
Activity: 1176
Merit: 1005
crunck
April 29, 2023, 12:47:27 AM
#87
If you are addicted to investing then I think you are gambling, it is not investing anymore. Investing means we should only invest with what we can lose, but if you put all your wealth into investing and get addicted to it, that is gambling. Investing and gambling both have risks in common, so we need to have a plan and should know where to stop, we should not exceed our limits or else we will have to pay a heavy price.
hero member
Activity: 1400
Merit: 674
April 29, 2023, 12:32:58 AM
#86
Do you consider that kind of addiction dangerous and not good?

Every form of addiction is bad because it affects the human brain. We can all try to differentiate it from all those casino gambling but it is all the same because the aim is to earn more profits and when that is achieved it creates happiness or joy which is transmitted to the brain then when a loss happens it creates sadness and this things are actually bad for one’s health.

If a loss persists the addicted trader goes on to take loans or sell off properties, and deprives themselves of some necessities which would affect there health just to invest more. This is clearly similar to the sport and casino gambling and so it is very bad

I agree that every so-called addiction is a bad thing that is done by humans, and it really affects mindsets, habits and gives more negative impressions that have more bad consequences than what is imagined.
although in a different context, the nature and orientation is the same as gambling, especially if the investments made always experience losses in their activities, like some of my neighbors who experienced losses but continue to invest until they sell what they have today, it really seems like gambling.

But this can be avoided by practicing investment methods and studying the fundamentals of self-management as an investor according to general rules or according to guidelines in the context of risk management, self-management, good financial management according to investment experts.
member
Activity: 364
Merit: 33
April 28, 2023, 10:31:26 PM
#85
Of course gambling never has a chance of winning and very few people can make money gambling. But I think that if you invest the amount of money that you gamble with, you can hope for something good in the future. Gambling becomes an addiction which can never be quitted and if there is no money at one time, even after taking a loan from various banks, if he gambles, then if he loses, then darkness will come in his life. So I think it's best to invest in crypto and keep it for a long time, the future will be bright
legendary
Activity: 2408
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
April 28, 2023, 10:12:17 PM
#84
It becomes abnormal if you are addicted to investing to the detriment of your well-being. To everything in life, there is a limit and if care is not taken after this it will lead to abuse. Having investment sense is good because you know you have a better future but it should be at a percentage.
This is why you should only invest with your extra money, and not go all in.
I have a friend who invested a lot with Bitcoin and other project, and when the bear market begins his well being becomes more affected, it started from anxiety, depression and now he’s under therapy.

Investing addiction is good once you know what you are doing, especially you know how to balance your life and your finances. Don’t let your greed to take over your body and your mind, you have to stay composed and of course know how to diversify.

Having an investment plan is good, but I think investment addiction is not good, as hannahB4 said, as long as it affects health and causes troubles in life, it is no longer good. Everything has a limit and is within your control, nothing is good if you put it first and ignore the things around you.
I also invest a lot in bitcoin because I believe it is the only way to have a better life in my country. But I also have a plan b myself in case it fails. I will be fine, and my family will have no problem even if bitcoin fails.
sr. member
Activity: 1918
Merit: 370
April 28, 2023, 06:25:29 PM
#83
This reminds of a story of an English tutor, who reportedly saved a greater percentage of this salary annually all because he had a dream of traveling overseas. He got so used to saving that he stopped buying any new thing for himself. He swore how hard it was for him initially until he had saved up enough to buy a plane ticket.
This story was aired on TV back then, and I could see the smile on his face when he was being interviewed by a journalist who got very facinated with his seriousness.
I would love such kind of addiction as it would help me become a billionaire quicker than I can predict.
Unless one is single, without family or relations who are dependent on you, own your own apartment or squat with someone who doesn't bother you for rentage, it would be quite difficult to be addicted to investment.
The inflation these days is so high, that one would require more than one stream of income inorder to become addicted to investing.

Interesting to see that even addiction can be put into a good use but it still has some effects so we should try to limit it. I agree that this story is easy to do if you are living alone and you have no prior duty or responsibilities to your family. Inflation is increasing and our purchasing power is decreasing, yet the wages are still the same making it not sustainable enough today. You really need to put a lot of effort to hustle other jobs just to get more income. My point here is that addiction to something is not good even though it is just a mere investment since we should never leave ourselves behind like our health, so never compromise it. You might achieve the money that you need but if you do not take care of yourself, all those will just be used in bills.
full member
Activity: 952
Merit: 232
April 28, 2023, 05:08:42 PM
#82
This reminds of a story of an English tutor, who reportedly saved a greater percentage of this salary annually all because he had a dream of traveling overseas. He got so used to saving that he stopped buying any new thing for himself. He swore how hard it was for him initially until he had saved up enough to buy a plane ticket.
This story was aired on TV back then, and I could see the smile on his face when he was being interviewed by a journalist who got very facinated with his seriousness.
I would love such kind of addiction as it would help me become a billionaire quicker than I can predict.
Unless one is single, without family or relations who are dependent on you, own your own apartment or squat with someone who doesn't bother you for rentage, it would be quite difficult to be addicted to investment.
The inflation these days is so high, that one would require more than one stream of income inorder to become addicted to investing.
hero member
Activity: 1862
Merit: 574
Leading Crypto Sports Betting & Casino Platform
April 28, 2023, 05:05:12 PM
#81
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?
You are quite fluent in explaining the points in the discussion that will be presented. I agree with you, even the main point for achieving success for the future is investing early and making savings in inappropriate waste, for example buying a sophisticated cell phone or other things where the money we can use to invest for our future.

There are many ways to apply investment addiction to our hearts. The first is the belief to stop spending a lot of money in a context that is not meaningful for our future.  And the second is support from the family to make savings in an effort to make an investment.
sr. member
Activity: 2422
Merit: 357
April 28, 2023, 04:49:16 PM
#80
It becomes abnormal if you are addicted to investing to the detriment of your well-being. To everything in life, there is a limit and if care is not taken after this it will lead to abuse. Having investment sense is good because you know you have a better future but it should be at a percentage.
This is why you should only invest with your extra money, and not go all in.
I have a friend who invested a lot with Bitcoin and other project, and when the bear market begins his well being becomes more affected, it started from anxiety, depression and now he’s under therapy.

Investing addiction is good once you know what you are doing, especially you know how to balance your life and your finances. Don’t let your greed to take over your body and your mind, you have to stay composed and of course know how to diversify.
hero member
Activity: 2814
Merit: 526
Undeads.com - P2E Runner Game
April 28, 2023, 04:35:37 PM
#79
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?
It's possible to become addicted on anything if that people finds the stuff they are doing are good for themselves and they could get benefit from it, even though in other people eyes it's really bad to overdo stuff that leads to  an addiction. Addiction is always a bad thing if they can't control it, just like you said if they neglect the needs of daily stuff like food just for the trading/investment and then they are doing something wrong. It's never a healthy way to invest like that, it just make them worse and if they fail because of that, I don't know what would happen next.
hero member
Activity: 2114
Merit: 619
April 28, 2023, 04:08:48 PM
#78
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?
Haha it's a good thing however can turn into dangerous addiction as well. Dangerous because, investment is done for the purpose of getting some amount saved for a rainy day or for some goal to fulfill in future. But if you stop materializing your goals and just keep on saving the money for even more future, in a way that, it's almost impossible to enjoy that money, this is dangerous. All you'll think of is growing money without fulfilling your desires using that money.
hero member
Activity: 1722
Merit: 895
April 28, 2023, 03:57:50 PM
#77
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?
Why sacrifice good food and buy clothes when you Investing, well-being is not only measured at the level of eating and buying clothes, but well-being has a meaning according to your ability to spend money on something you need. Addiction in a positive sense I think is good and when people feel addicted to investing, then that means they have an awareness of financial considerations and stability that are much more focused.

Investing in bitcoins will bring us closer to the stage of financial consummation, regardless of how much capital they are ready to invest. To define addiction, I don't think it's all negative, as long as people understand the level of risk in their decision making and most importantly they don't push beyond their means.

Do you consider that kind of addiction dangerous and not good?
If the reason addiction is not eating good food and not buying nice clothes and you prefer investing is completely harmless? Precisely what you do is much more useful and more optimal decisions that are taken.
sr. member
Activity: 1008
Merit: 262
Vave.com - Crypto Casino
April 28, 2023, 03:50:19 PM
#76
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?
I would rather prefer having an investor addiction than having a gambling addiction which can be very risky if we don't know what we are doing. Those who have investing addiction are more likely to succeed in the future than those that prefer going into gambling.
 Those of the big billionaires and millionaires we know today are always investing there funds for the future so that they can earn money as an investor that been a spender. Investing could contribute to fast success if we know what we are doing and if we are investing our funds in the right place that would not vabish after sometime.
hero member
Activity: 2338
Merit: 757
April 28, 2023, 03:24:09 PM
#75
I think that using the term "addiction" to describe investment habits is not appropriate. We usually refer to the concept of addiction for every repeated behavior that causes harm, such as alcoholism, gambling, or even shopping. In investing, there are several strategies that the investor can choose one or some of them according to the types of investments that he makes. And if these investments achieve returns, then addiction becomes a healthy matter.
In very special cases, the investment lover may be neglecting the rest of his life, or he may not find time to do other tasks. In these cases, medical intervention is definitely required.
member
Activity: 532
Merit: 13
April 28, 2023, 03:05:56 PM
#74
It becomes abnormal if you are addicted to investing to the detriment of your well-being. To everything in life, there is a limit and if care is not taken after this it will lead to abuse. Having investment sense is good because you know you have a better future but it should be at a percentage.
hero member
Activity: 2100
Merit: 546
Leading Crypto Sports Betting & Casino Platform
April 28, 2023, 02:05:04 PM
#73
Investment is not like gambling as in gambling you don't know about the gains and consequences of your bet but investment in real sense is very different.  Before investing you look into all the details of your investment and you have an idea of how many profits you can get out of it.
Well, you are right that gambling is way different than investing but, to be honest, you can only have an estimate for the profits that you can get from an investment and there can't be a specific amount or an exact target if you are trading cryptocurrencies, you can set a sell target and decide how much profit you want but no one always does that.

And, OP actually used gambling as an example to explain that sometimes you can get so obsessed with investing in a particular sector like cryptocurrencies that it is almost like an addiction that one can have in gambling which makes them wanna keep gambling no matter what.
hero member
Activity: 2478
Merit: 695
SecureShift.io | Crypto-Exchange
April 28, 2023, 01:55:38 PM
#72
I never thought someone can be addicted to investing, that sounds really strange.
Although I feel this is possible since it all has to do with our desire and greed.
Just like gambling, investing on projects requires lots of money otherwise there is hardly anything you can do when there is no funds to invest.
Between gambling and investing addiction, I believe gambling is the most addictive in nature which is not good for the health
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