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Topic: Investing Addiction. - page 9. (Read 1132 times)

legendary
Activity: 2688
Merit: 1192
April 26, 2023, 01:36:12 PM
#31
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?

This is definitely true and can be applied to many activities in life. Everything is ok in moderation but when you start becoming obsessed with it or taking it to extremes, like being overly frugal, it is a bad sign. Not only that but life is for living - while money can bring you comfort and freedom, what does it really matter if you are old and too frail to have fun with your vast accumulated wealth as you pinched the pennies throughout your whole life. You need to find a fair balance and can do this with strategy, you might set a certain amount of your salary to "fun money" for example and you should avoid spending that on investing activities. Recognizing you have a problem is half the battle, especially when you're doing something that many people would see is productive and good for wealth accumulation.
hero member
Activity: 2268
Merit: 669
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April 26, 2023, 12:19:30 PM
#30
I consider investing as a gambling since you are risking your money. I understand what you mean about it is not a gambling and what you mean about gambling (casino games) but investing is also gambling. This is the first time I hear about someone said investing addiction and I agree with boyptc that obsessed is much more better if you say that you are not addicted in investing. About your question if it is dangerous, yes it would be dangerous too if it will make you spend less money on important things just to have more money to invest. This is much the same as gambling in casino but the difference is that you may lose all your money on casinos if you don't stop unlike in investment where you may get some of your money like I did when I invested on stock price but the amount is less since the stock price didn't increase at that time, this is also happen in holding BTC.
hero member
Activity: 1428
Merit: 513
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April 26, 2023, 12:11:49 PM
#29
just so they can have more money to invest? Do you consider that kind of addiction dangerous and not good?
Absolutely yes, addiction to investing will ruin one's life as gambling can ruin, it because investing does not bring profits always as like gambling. Proper research is needed and if you are just doing that research only the first time and ignoring it the second time then you could face loss or consequences as an addicted gambler.

For example, my uncle planted G1 Garlic in the previous year and made around 6x profit out of it and this year he already started to face loss, why? because he adopted the same methods and knowledge that he used before and didn't update it with the change of time and environment and garlic started to dry out due to less water. The point is, investing all the time will not bring profits and it can leave the same result as gambling did.

Once you started to make profits either it's due to investing or gambling you will become greedy and start to invest more, for example, one of my friends once told me a story, about how he invested money in tokens (early tokens like maybe it was pre-sale) He was contacted by team on Telegram he bought the real token for $100 dollars and then he thought he is making profits out of it as he could sell them for more, he sent an extra $300 dollars and his tokens never came to him and token also flops (as backed by scammers). Such investments always bring losses and regrets.

We should control on our greed if we want to live a happy life, my society is full of such examples because there are fewer gamblers and more investors here.
full member
Activity: 1736
Merit: 121
April 26, 2023, 12:11:36 PM
#28
I think that's one of the good addictions a people can have.

Not for the extent to allow other aspect to healthy living to suffer. Things is suppose to be in moderate and if not that it is addiction when you do everything to invest in particular thing and not balance others. Investing to increase your financial capacity but failing to dress well, eat healthy, take care of family financial challenges is not best.

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 it is bad if you known as investor but you can't take care of well being. Depending on how long in investment, capital and liquidity flow as a new investor but old investor with circulating liquidity should balance other areas of his life.
full member
Activity: 602
Merit: 129
April 26, 2023, 10:57:59 AM
#27
For a variety of reasons, investing can be an addictive practice. One of the most important factors is the possibility for high profits. The potential for increased financial gain through investing can be highly enticing and inspiring. Additionally, investment can provide one a feeling of empowerment and control over one's financial future. It can also become compulsive to chase after the next best investing opportunity or to try to outperform the market. Additionally, group or family pressure to invest socially can cause FOMO, a compulsive emotion that promotes addictive behavior. Investing can also cause the production of dopamine, a neurotransmitter that makes us feel good, which can lead to a psychological high and support addictive behavior. It is essential to invest responsibly and seek help if investing behavior becomes addictive or compulsive.
sr. member
Activity: 1624
Merit: 315
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April 26, 2023, 10:43:41 AM
#26
Addiction is addiction, everything that is too much is always be bad for our health. It's like being to greedy to gain more money that he became addicted to it. Of course it could impact not only the health of the investor, but also it's relationship to his family. Imagine being too focused in making money not knowing you're kids are growing up and too distanced to their parents.

That's only one, I also agreed to health and clothes etc. It's like he'll be too cautious to spend as he always invest his money which is not good. Investing is a good thing that people could study and learn but always know your limit.
sr. member
Activity: 1022
Merit: 368
April 26, 2023, 10:35:50 AM
#25
Do you consider that kind of addiction dangerous and not good?
It would be reckless to be addicted to investing if there's anything as such. Anyone who is addicted to investing is either doing so through the help of a guide or  has no emotional control. Or should we call it impulsive investing.

Even when you watch shark tank you'd have observed that there are a lot of great pitches but the judges don't just invest. They invest when it is profitable for them not even for business.
hero member
Activity: 1008
Merit: 702
April 26, 2023, 10:17:28 AM
#24
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.

Addiction to gambling is very bad and there’s no reason to compliment the addiction to gambling as it leads to total waste of time, money and valuable life you would have earned for yourself.

Quote
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?

Even though too much of everything is bad, in some cases it is not the same. Through money investment, many people have made it big in life. But the disadvantage of investing money is you not having to gain any profit from it and you still went ahead to invest again and again when you clearly do not know if a profitable income is guaranteed anytime soon or in the future. When you don’t change your investment strategy or plan even as you keep losing because of your addiction to it, it’ll only lead to waste of time, money and valuable life you would have used the money for instead for an earlier time.
legendary
Activity: 2576
Merit: 1043
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April 26, 2023, 10:03:26 AM
#23
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? Cheesy TBH, it's the first time that I've ever heard about this term. Cheesy
sr. member
Activity: 756
Merit: 356
April 26, 2023, 09:52:05 AM
#22
Addiction is bad. No matter what you are addicted to, be it a good thing or a bad thing. Excess of everything is bad. Drinking alcohol is not bad but being addicted to it is the bad part.
Investing is good, but when you get addicted to it and use every little money you have for investment to the extent it begins to affect your well-being and health, then that's not healthy.
I have never met someone who is addicted to investing but I believe an investment addiction will lead you to a lot of scam investments because you will be enticed with every single investment scheme that comes your way, legit or not.
copper member
Activity: 1316
Merit: 715
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April 26, 2023, 09:40:32 AM
#21
yes some people may get stuck in this I mean more inclined to spend or use their money to invest it.
I have also experienced this, but is that wrong, for example, every profit I get, I allocate 80% to be played back, the rest is used for my needs.

It is not wrong to reinvest 80% of your profit. In fact it is a good strategy known as compounding. This way you can grow your wealth overtime at a faster pace. It is also important to have a well defined  plan for your investment with clear goals, keeping in view your financial responsibilities, limits and risk tolerance.

Before investing, prioritize your financial needs and responsibilities, such as paying bills of electricity, gas and saving for emergencies. When we follow a systemic approach, we can make most of our investment, while ensuring financial stability.  
legendary
Activity: 2072
Merit: 4265
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April 26, 2023, 09:25:50 AM
#20
I'll talk about "living in the moment" again. Live here and now. Passion for accumulation without a goal is madness. Money must always work. There are profits; you need to put this profit into business, and so on. Depriving yourself of the joys of life and saving on everything will one day lead to the thought that life has passed, and it is too late to want something. But those people who think that their happiness will come "later" apparently do not know what will happen to them tomorrow. And this "tomorrow" may not happen. It is extremely pitiful when the moment comes that a person understands and regrets that life is given only once and that all the money cannot be accumulated and earned.
sr. member
Activity: 1190
Merit: 267
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April 26, 2023, 09:01:28 AM
#19
yes some people may get stuck in this I mean more inclined to spend or use their money to invest it.
I have also experienced this, but is that wrong, for example, every profit I get, I allocate 80% to be played back, the rest is used for my needs.
hero member
Activity: 1470
Merit: 558
dont be greedy
April 26, 2023, 07:09:42 AM
#18
It's a relatively fresh concept to me, but it holds immense positivity. Investing is a constructive practice that carries the potential to shape our future. The wealthiest people in the world engage in both investments and business ventures. Those who are addicted to investing do not merely spend money; rather, they acquire a burning desire to learn everything about investments. This passion, in turn, yields positive outcomes for their financial situation.

It seems that individuals can get hooked on investing, regardless of their financial circumstances. It's like the way one spends on clothes or items, or how someone can become addicted to gambling. While it's normal to indulge in negative habits that offer temporary pleasure, being addicted to investing is the next level and should be viewed as an opportunity to become successful.





hero member
Activity: 3024
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April 26, 2023, 06:54:01 AM
#17
I think describing and using the word addiction in investing is sort of giving negative connotation. Maybe being obsessed I think is kind of neutral but then, we all have the same thought of someone who's into gambling addiction and investing addiction.

In terms of investing and someone is too addicted on it, he sure has a lot of money to invest with. And that's a better way of using his money in the right way rather than spending it to unimportant things.

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?
This is delayed gratification and everyone should practice it.
full member
Activity: 406
Merit: 109
April 26, 2023, 06:53:47 AM
#16
Of course it is not healthy. Usually in gambling, a person tends to get invested more in gambling when they experienced winning, thinking that they would win again. I think it's the same for investment. When a person got lucky with their investment, they will be excited and greed comes in that they will keep investing for the same thought... Thinking that they'll get a good result again. The common thing about gambling and investing is the risk and the profit they could get. So if a person addicted to gambling isn't good, how come someone addicted to investment be good? There is no wrong with investing and knowing your limit, but addiction means it's hard for you to stop yourself. If your urge to invest affects your life negatively then it's not good.
hero member
Activity: 1498
Merit: 785
April 26, 2023, 06:32:52 AM
#15
There will be no one who becomes addicted to investing, what is more appropriate is that the person becomes so strict in the investments he makes, prioritizing investing rather than fulfilling his life's desires, and is there anyone whose life is worse because of investing? I don't think so, instead investing will provide opportunities for people who do it to get a better life in the future, which is why investing is always recommended.
And comparing addiction to gambling with investing is not the right thing because both have different effects on people who do it.
I am of the same opinion that investing is not an addiction but a necessity towards a better life in the future, there are even people who are forced to invest and they postpone their pleasure in order to grow what has been built in the investment to become even bigger, sometimes they are willing not buy valuables and reduce the excessive lifestyle as well as this can be well-disciplined that investment is far more important than desires that have no benefits.

I know that everyone has different tastes in running it, but now it has become commonplace that investment is important in any case, and I agree that investment will not make things worse because they certainly see from the financial side what they get.

So the comparison between addiction and gambling and investing is clearly different, gambling is a game that must be played to become addicted but the risk is bigger than investing which is only thought to be boring because you have to wait longer, but the results are quite satisfying in the future.
hero member
Activity: 2366
Merit: 793
Bitcoin = Financial freedom
April 26, 2023, 06:19:12 AM
#14
Getting addicted to investing is good though no matter what but I don't think or it happens very rare that someone skips a meal for everyday so they can use it to invest and get returns in the future. We are living in an era where most people don't even get the concept of savings so we can lead better life at the older age, we just live the moment and ready to spend any amount of money for short term pleasure.

And why we are pointing out gamblers for everything when it comes to a topic related to addiction? There are many casual gamblers who are actually gambling for fun and just move to their day to day task when they have to so I don't really prefer to connect addiction and gambling all the time.
legendary
Activity: 2814
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April 26, 2023, 06:11:30 AM
#13
There will be no one who becomes addicted to investing, what is more appropriate is that the person becomes so strict in the investments he makes, prioritizing investing rather than fulfilling his life's desires, and is there anyone whose life is worse because of investing? I don't think so, instead investing will provide opportunities for people who do it to get a better life in the future, which is why investing is always recommended.
And comparing addiction to gambling with investing is not the right thing because both have different effects on people who do it.
hero member
Activity: 574
Merit: 554
Leading Crypto Sports Betting & Casino Platform
April 26, 2023, 05:54:17 AM
#12
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?
If there is anything like investment addiction, then I want to be addicted. I want to always reduce wasteful spending and focus on investing. If I can cover the essential things I need in life such as food, shelter, clothing, education, health care, and others, the extra money should be channeled into investment. You don't need to starve or deprive yourself of basic needs because you want to invest. But you can deprive yourself of luxury because of your investment plans. If it is possible not to touch all my campaign income and hold them in bitcoin, I will be very fulfilled. If I am fortunate I can make some good profit that can help me afford some luxury.

Gambling is not bad if it is done modestly and doesn't affect the finance and family of the gambler negatively. But it is far better to invest extra funds in other investment platforms than to risk it in gambling.
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