Topic: IS CRYPTO TRADING ADDICTION? - page 13. (Read 4511 times)
In fact, the knowledge of technical analysis, the constant study of the news background, as well as the psychology of trading, make it possible to minimize the risks and the gambling component of trading. This is the mistake of newcomers - they without knowledge begin to invest large amounts in trading, and most often lose their money.
I think that it all depends on the person, you understand that there are people who are gambling, but there are those who soberly assess their capabilities, well, so I think that this is still just an opportunity for people to earn some money and everything,
I am newbie in crypto. Please someone suggest me how to start. Is it really an addiction.
I heard about a guy in Moscow, who jumped out of the window, because he lost all his money in crypto investments and trading. So, do we have a new free heroin here? Is it possible to get addicted to crypto?
Of course it's possible to get addicted to crypto trading, but it must be admitted that the same goes for fiat currency trading(Forex), stock trading, bond trading, collecting post stamps etc. We've heard numerous stories about people committing suicides on the ground of failed attempts to succeed in this or that field. People can spoil anything they lay their hands on, but it doesn't mean that everything should be forbidden because of that fact.
Crypto trading can help you to live a better life, but to succeed in that area your actions should be marked by steady calmness and self-control.
I was an active gambler before, and it made life very bad, but my addiction eventually moved into crypto trading and I was able to master a lot of things about the analysis and connections with the community smarter than the minds of the gamblers, I have a positive addiction today because it no longer has to be contrary to the negative norms of government stigma.
I think it is the mindset of each individual, how he or she can cope up with wins and losses. This is not limited to only crypto trading, this mindset applies to everything you do in life. End of the day your life is more important than anything in the world, money you could earn back, but you have only 1 life.
Due to the individual nature it is possible that some people may not be able to control their emotions. In trading which is mostly speculative, traders are always asked to put in only what they can afford to lose to avoid this kind of ugly situation.
Ofcourse, you can get addicted to pretty much anything.
it's like Any other security trading would be addiction if no proper care is taken
Yes, absolutely: trading - in general, not only crypto - it's a kind of videogame, and it's very difficult to stop.
WE need to be very disciplined, because trading addiction can ruin our health and our social life. (and our wallet...)
WE need to be very disciplined, because trading addiction can ruin our health and our social life. (and our wallet...)
Definitely not addiction, we are just trying to make a living out if crypto currencies. Maybe what happened to the misfortunate guy who jumped outof the building is lack of hope and could not accept failure. It is just normal to lose sometime in crypto, it is inevitable. Even people who are doing it in a long time do fails.
Yes we continue to do so because we want to earn a much better income. In fact then when we are fit on a job and it can make us get big profit then we will repeat again.
The world of crypto does offer many interesting things and doing Trading is one of the things that attracts many people using crypto.
I think you just don't need to go so deep into cryptocurrencies. You still need to have your own life outside the computer and 24/7 control of cryptocurrencies rates. I consider crypto only as an additional source of income. What is too much is not healthy.
Definitely not addiction, we are just trying to make a living out if crypto currencies. Maybe what happened to the misfortunate guy who jumped outof the building is lack of hope and could not accept failure. It is just normal to lose sometime in crypto, it is inevitable. Even people who are doing it in a long time do fails.
I heard about a guy in Moscow, who jumped out of the window, because he lost all his money in crypto investments and trading. So, do we have a new free heroin here? Is it possible to get addicted to crypto?
I am addicted to cryptocurrency but no way that I will take my life because of it. In every investment if you put everything on the line and lost, higher chance that you will commit a suicide. We really need to be smart when we put all our hardwork in an investment not just in cryptocurrency. There is a saying I always think before investing especially in crypto "Don't put all the eggs in one basket" which means that you always need to save half or third of your hard earned money if you want to risk in a project especially ICOs. Feels bad for those people who risk everything and lost. Stop being greedy and save for your future, always expect the unexpected.
Trading for a lot of people is just a king of videogame, and everyone know addicting can be videogames.
So, try to put a limit on how many hours you'll stay in front of the monitor, before it's too late.
So, try to put a limit on how many hours you'll stay in front of the monitor, before it's too late.
I can become addictive for those people who get easily addicted to gambling as well. Because in crypto you can take many gambles, and like in a casino you can make big winnings or big losses. But if you know what you are doing, you can be like a good poker player, who has edge over his opponents, and luck isn't such a big factor anymore.
Once people get involved in crypto trading and start earning profit then it becomes a great addiction.
So the answer is obviously yes
So the answer is obviously yes
It is not an addiction. The reason that you see so many people spending so much time on crypto trading is that crypto trading can eat up a lot of time. As much time as a regular day jobs on some occasions. There is so much work that you have to put into crypto trading if you want to be successful at it which takes up a lot of time. That is why people spend so much time on trading
Yeas, for some people crypto trading is just a work and they are interested only in the outcome and the final result. But for some is pure addiction an they don;t care so much about the results as they do for the trading itself.
Of course it is addictive, everything which may give you positive emotions becomes such things, that's dangerous sometimes, some people may face dangers because of that.
It depends on how we handle over our trading activity, but for me trading is a good addiction as long as there's money in your wallet. The idea all about in trading can be derived as unexpected profit, because sometime more trading might not earn good due to volatile price on every coins in the market.
Of course it is addictive, everything which may give you positive emotions becomes such things, that's dangerous sometimes, some people may face dangers because of that.
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