Cryptocurrency trading addiction is a real deal
Apparently crypto trading is becoming a growing problem and a hospital in Scotland is believed to be the 1st treatment center to open services for crypto addiction!
Based in Peeblesshire, Scotland - Castle Craig hospital is taking the steps to creating a residential treatment course for Cryptocurrency Addicts.
Castle Craig Hospital
https://castlecraig.co.uk
(Gosh, that looks like an amazing place to visit!)
So how do you know if you are addicted?
Well, according to Castle Craig there are 3 levels of crypto addiction and depends on your answers to these 9 crypto related questions...
1. Am I spending unusual amounts of time thinking about different types of cryptocurrency?
2. Am I spending large amounts of money on cryptocurrency?
3. Have I tried to slow down or completely stop cryptocurrency trading but find myself unable to do so?
4. Do I become restless or irritable if I try to cut down on cryptocurrency related activities?
5. Do I use cryptocurrency to escape from life’s problems or to try to elevate my mood?
6. Do I carry on trading in cryptocurrency after losing money to attempt to gain it back?
7. Have I ever lied about how much time or money I spend in cryptocurrency?
8. Does my cryptocurrency trading habit have an effect on my relationships or my job?
9.Do I try to get other people to lend me money when I have lost on investment or taken money illegally to fund my cryptocurrency addiction?
How Did You Do?
More importantly how many did you answer "YES" to?
1x - May be a problem - This one thing may progress into more to need help.
3x - Addicted to cryptocurrency - your cryptocurrency habits probably feel out of control - Consider getting help.
5x+ – Pathological cryptocurrency addict – your cryptocurrency trading habit is most likely an obsession that is probably affecting every part of your life – Seek help.
I fell into the "Addicted" section, but If I stretched the questions a tad I could seriously be considered a "Pathological Addict!" - Oh No!
But in all seriousness, I could see where Cryptocurrency and gambling are related where similar problems could exist.
Casino's and Gambling are available 24/7 - Crypto Exchanges are open 24/7 for trading
Gambling can produce large profits in short times - Crypto Trading is volatile and large profits can occur in short periods
Also, the ease of use and availability make it quite easy to over-invest into subpar projects and high risk investments. The possibility of loosing everything exists in a much higher degree in cryptocurrencies than in the traditional stock markets.
- Exchanges collapse with users funds
- Scam projects disappear with investor funds leaving the token worthless
- Projects fail
Crypto isn't for the faint of heart and I am sure it attracts the gambling crowd
If you yourself are suffering from a debilitating Crypto Addiction you should check out this helpful guide posted from Castle Craig.
https://castlecraig.co.uk/resources/gambling/cryptocurrency-addiction/crypto-addiction-guide/