Do you consider that kind of addiction dangerous and not good?
Yes, if like you said (if you compare it with gambling). But, for me, it's so much different. Gambling is something we can't calculate right and exactly, and because of that Investing is not the same as gambling. In investing, we can research and find the company behind and put the money with sure if in future our investing be multiple like we invest in Apple, Microsoft or others. In gambling, we just play luck, I never find any investor to be millionaires by just play slot or bet of sport. Except if he invest in gambling company. 
Topic: Investing Addiction. - page 8. (Read 1121 times)
OP may have confused investing with gambling, in essence are we (participants) really getting it right, coincidentally I realized the fact that the majority of people who come to economic investment markets do not really have knowledge of economics. They are unskilled workers, office workers, farmers, doctors, teachers, ... simply the attraction they heard from rumors about looking to it as a trust for the leader. And they're gambling with that blind faith in an environment that's tougher than gambling, bringing investment terminology and concepts to make themselves look like real, real investors. funny but it's a fact that many people are not willing to accept.
I suppose addiction means going beyond the normal or moderate ways of doing things. It means you are losing control of your urges. If that's so, that should definitely be bad.
There are a number of people I personally know who have more than enough money but stingy enough to spend on basic things such as food and clothing. They have investments; they have savings in the bank; they have businesses, but they don't spend much on things that don't give them ROI.
Here in my country, people with Chinese roots are usually businessmen. And it has become a sort of a widely perceived behavior that they don't spend much on things that don't earn. And if they can still earn on something, they will have to earn from it. They become a subject of jokes because of this. There was one which speaks of 3 different persons stuck somewhere where is no food to eat. When they got very hungry, they started catching flies just to have something to eat. The other two noticed that one didn't eat what he caught. He was of Chinese blood. When they ran out of flies to catch, the Chinese took out the flies that he gathered and sold them to the two. LOL!
There are a number of people I personally know who have more than enough money but stingy enough to spend on basic things such as food and clothing. They have investments; they have savings in the bank; they have businesses, but they don't spend much on things that don't give them ROI.
Here in my country, people with Chinese roots are usually businessmen. And it has become a sort of a widely perceived behavior that they don't spend much on things that don't earn. And if they can still earn on something, they will have to earn from it. They become a subject of jokes because of this. There was one which speaks of 3 different persons stuck somewhere where is no food to eat. When they got very hungry, they started catching flies just to have something to eat. The other two noticed that one didn't eat what he caught. He was of Chinese blood. When they ran out of flies to catch, the Chinese took out the flies that he gathered and sold them to the two. LOL!
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?
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?
To me, so-called addiction is not a good thing, whether it is an investment or when you are so passionate about your work that you neglect other things. Of course, investing is about making money to have a better life, but investing doesn't always win, and if you use all your living, savings, and child support... to invest, that's very bad. It not only affects your life but also affects many of your loved ones, so it is an extremely dangerous thing. Don't make yourself an addict in any field, addiction is never a good thing.
I never seen people that got addicted to investing but if there is one for sure he will get rich because there will be time that his investment will got a lot of profit, this isnt also comparable to gambling as it is only about spending and if you will win there are only small chance on it whereas on investment you'll always have a high chance to gain profit. It doesn't matter if youll spending a lot on your investment since for sure it will get back to you
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?
It depends. Investing is always beneficial because it means you want to gain something to secure your future. However there should be a limit since anything beyond your control is obviously not good. Example, you're already spending the money that you can't afford to lose or you are investing in just anything even you don't have knowledge about it and you just want to take risk, certainly that's not right.On the other side, if you're seeing a good result in your investment and you're not just blindly investing since you have knowledge of what you are getting into and aware of the risk then IMO it's fine. But learn to balance everything because there's always a disadvantage if you're investing too much.
It depends on this addiction to investing if it negatively affects the investor.
One investor is so addicted to investing that he massively put a ton of money into an altcoin that didn't rise up to his expectation and he lost the money in the end holding the tokens that weren't even listed to an exchange.
If he invests however in altcoins that rise up every time and profit every time, I guess that's not addiction.
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?
It depends. Investing is always beneficial because it means you want to gain something to secure your future. However there should be a limit since anything beyond your control is obviously not good. Example, you're already spending the money that you can't afford to lose or you are investing in just anything even you don't have knowledge about it and you just want to take risk, certainly that's not right.On the other side, if you're seeing a good result in your investment and you're not just blindly investing since you have knowledge of what you are getting into and aware of the risk then IMO it's fine. But learn to balance everything because there's always a disadvantage if you're investing too much.
...and I don't think you need to be addicted to investing money, and I think we need to have the right approach. Discipline, consistency and patience is something you should have and once you are disciplined in spending, saving and investing it will automatically become a part of your life and start small first.
Well addiction from the word itself is already a negative even if it is done correctly. Addiction to investment is kinda concerning if I heard any stories (even fictional) since it means you're kind of continuous in throwing away your money and that's not even a good thing even if you're knowledgeable to investment. It's almost not that different to any forms of gambling known to man.Even with such discipline, you're just asking for homelessness and debts if you're addicted to investment. I guess passionate is the best word to describe a well-balanced enthusiasm with these.
It would be a lot easier if everything is made in moderation. Though of course I understand that your 'passion' currently is burning, it will also be a a hard feat for you to chase all of the losses you might incur in a lot of your investments. Take it easy, learn to read and wait before making another position. In the long run, it will be the most profitable thing you will be doing as it will lessen your positions, lessening your risks, and limiting the amount of $$$ you can loss.
Slow it down, pick a few coins, and get familiar with their markets. That's what I am doing currently and I'm posting good gains. Not double digit gains per week, but still something significant.
It's just like drinking moderately to avoid being drunk 24/7. Slow it down, pick a few coins, and get familiar with their markets. That's what I am doing currently and I'm posting good gains. Not double digit gains per week, but still something significant.
There would times of being burned out from these passions regardless of the hobby you're in. This is just like me when I was learning software engineering.
For me Investing is not Addiction. A person whose goal is to have a good profit that will leads to a comfortable life, he will do trading / investing.
If a person showed greediness and he would continue to invest even if he borrows money that will leads to high debt and later on loosing all his asset, I think that is addiction. We should not be so greedy to earn a huge profit that we may not even know that we are already loosing so much. A greedy person would continue to gamble until he does not recover from his losses.
If a person showed greediness and he would continue to invest even if he borrows money that will leads to high debt and later on loosing all his asset, I think that is addiction. We should not be so greedy to earn a huge profit that we may not even know that we are already loosing so much. A greedy person would continue to gamble until he does not recover from his losses.
Maybe there are similar people who gets much addicted to investment. These kind of person needs to be given good counseling, only then they can be brought out of such situation. Because the continued investment could bring profit, atleast they can withdraw the profit and spend on good. These people never have such mentality, they go for further investment. For this reason, they'll have money in the table to eat, such situation needs to be avoided. Life needs to be enjoyed and anything beyond the limit is harmful for sure.
It would be a lot easier if everything is made in moderation. Though of course I understand that your 'passion' currently is burning, it will also be a a hard feat for you to chase all of the losses you might incur in a lot of your investments. Take it easy, learn to read and wait before making another position. In the long run, it will be the most profitable thing you will be doing as it will lessen your positions, lessening your risks, and limiting the amount of $$$ you can loss.
Slow it down, pick a few coins, and get familiar with their markets. That's what I am doing currently and I'm posting good gains. Not double digit gains per week, but still something significant.
Slow it down, pick a few coins, and get familiar with their markets. That's what I am doing currently and I'm posting good gains. Not double digit gains per week, but still something significant.
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?
As long as it’s abusive on your part, then definitely that will never contribute on your well being. However, if you only save on your spare money and those that are not intended to pay your bills or to buy you your necessities in life, then for me it’s a good habit, to save so you can invest in the future. Everything that you do that will change your life positively, I think that’s always worth doing so.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?
really be making yourself to reach up into this point. Investing addiction is somewhat really on the good side considering that you are investing for the future but we know and just like said
by others that investments arent precisely or giving out guarantees of success which means that you do need to consider out again first about these probabilities.
Not paying up bills, cutting off your food expense? You are really that putting yourself at trouble. Once things that been neglected out then it would be molding up for another problem.
Once you do get sick because of non sufficient nutrition because you've been saving up for investment then once your body comes ill then you would really be just spending for hospitalization
which means that it would really be no sense on putting up too much focus on one side. Always be having that balance approach.
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?
As long as it’s abusive on your part, then definitely that will never contribute on your well being. However, if you only save on your spare money and those that are not intended to pay your bills or to buy you your necessities in life, then for me it’s a good habit, to save so you can invest in the future. Everything that you do that will change your life positively, I think that’s always worth doing so. 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?
Do you consider that kind of addiction dangerous and not good?
While reading your post, I'm kind of thinking "getting addicted into investing is good because it's like you are preparing for the future if you're investing" right? On the other hand, I'm also thinking that "Is there any addiction that is beneficial to a person?"Getting addicted into investing is good as long as you aren't affecting somebody's life. Getting addicted into investing will only be good if you aren't a newbie, and you know which assets are good to invest and which are the ones you need to avoid. Investing addiction will only be good if you aren't affected either physically or mentally. Getting addicted into investing will only be good if you aren't preventing yourself from buying things that you need on a daily basis thus, it isn't good for you. Overall, getting addicted into investing has some things that you need to consider in order for it to be beneficial for the investor.
I guess this is the only type of addiction that has benefits to a person? Or not?
TBH, it's the first time that I've ever heard about this term. Good point LogitechMouse, is there indeed any addiction which is beneficial to us?
Probably not.
Getting addicted to investing contradicts the teaching that we shouldnt invest more
than we can afford to lose.
On the other hand its easy to see how someone could get addicted to Bitcoin investing
when the benefits of Bitcoin itself are examined - it kind of seems like a no-brainer...
so long as it doesnt cause other negative consequences financially
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?
Absolutely yes 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 consider this type of addiction extremely very dangerous and for what reason am I investing if I can't eat good food
I mean very good food
What is the essence of having millions of money in investment and I can't boost of good and healthy food or even look good, that's arrant rubbish and most people now will say we're saving for the future, .a future you're not even certain of and maybe if you have next of kin to this savings, what guaranty do you have that your next of kin will make judicious use of your hard earned investments to your glory while you're gone!
Mehhh there is no reason for investing if I can't eat good food or live a healthy life.
Period.
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?
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'm not sure that investing can be transformed into a painful addiction ...
Painful addiction is usually a periodically repeated process of some kind of action. For example, a gambler plays in the casino every day, an alcoholic drinks whiskey every day, a drug addict takes drugs every day ....
An investor invests once a year (perhaps once a month). The rest of the time he goes about his usual business. This is not enough to form a painful addiction. In my opinion, trading is more addictive than investing.
Because trading is an iterative process.
Getting addicted to anything that will not allow you to take proper care of your health, I will personally say is not a good idea, either is gambling or investing, or anything or something that may bring you future fortune, suffer it will turn you away from good health I will say is bad. Not for the extent to allow other aspect to healthy living to suffer. But many investors are addicted to investing because they often get profits, but they can still manage finances to spend their daily needs, this is also happen in holding BTC.
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?
Everything that is off on the balance is considered to be bad already and since we've been talking about having no priority or already neglecting those kind of needs and necessities then this one really shows up 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?
that you are already doing it, yes investing is really that indeed good but since you are already cutting the amount which are bound to be used on food,clothes and other important thing then its considered bad.
We know that investing doesnt always end up on positive which means that you do still have the risks on losing it which means that everything would be turning out to be useless.
COme to think that risks is always there and this is why we should really be mindful on our actions.
I think that's one of the good addictions a people can have. The other examples would be reading books, studying math, learning new languages etc... It is much better to get addicted to investing instead of spending your money on the worthless crap, At least your addiction is about making even more money your assets will make you rich in the future. Tbh I am one of those addicts and I couldn't be happier about it. I invest and in return my investments make me even more money so I can invest even more. winwin
When you do have plans about making your life more better in terms of finances then its good but you should also be mindful that everything should be in balance.You cant just pour up everything on investment and trying out to ignore and forget on what are the other good things which you should
supposed to be thinking off also.
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?
People can get addicted to anything as long as they enjoy the activity, this is why we have people addicted to video games, gambling, social media and even exercising, so it would not be rare to see someone getting addicted to investing, and the treatment is the same for every single one of those addicitons, and about whether or not is dangerous, of course it is, as by definition this means this person is not giving the necessary attention to other aspects of their life which are even more important, like the relationship they have with their family and friend or even their own health. 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?
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?
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?
Get addicted to anything that will not allow you to take proper care of your health, I will definitely say is not a good idea, either is gambling or investing in something that may bring you future fortune, sofar it will turn you away from good health I will say is bad.if get addicted to investing and you cannot take proper care of yourself, what is the reason behind your investments, is it not because of you to get enough funds to solve your problems?infact I don't know reason why someone willing planning that future that he/she is not assure off and he/she will be suffering himself /herself at the current situation.
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