We know how addiction is common these days. People can get addicted to almost anything. While smoking, alcohol and drugs are the more apparent form of addictions. Don’t act all surprised to hear that one can get addicted to cryptocurrency.
Addictions can be super dangerous! However, it’s super easy to get addicted if you overdo anything. We don’t blame you! Are you still wondering how the crypto-addiction begins and are a bit curious to find out if you’re a crypto-addict as well? So, we’ll tell you how it all begins along with some ways to protect yourself from falling into the trap of crypto-addiction!
Just the Beginning
Usually when you hear the word Bitcoin, what happens? Do you instantly go into a panic mode and the next thing you know you find yourself to the nearest electronic device? My friend, you’re in trouble! Your $1000 investment of Bitcoin, is now $1120 in a couple of minutes.
You see, humans have an incredible imagination. We live our lives on what ifs and maybes. People have become billionaires with crypto and you see your luck is working too. So, you decide to try your luck for another time and check the prices again. That’s how it all begins. You get addicted without even knowing it.
The Pathway to Addiction
In our society, often people tie their self-worth to their net worth. Companies takes advantage of this never ending self-esteem issue in our society and make false promises of lifetime retirement and what not. But, people are smart enough to not for scams anymore, or we like to think they have! However, crypto is the world of unbelievable magic and endless cash.
So, what it really takes? You make $300 in an hour of $30, next thing you know. You’re making mental calculations and investing all your hard-earned money carelessly. Just because you got lucky once, doesn’t mean you’ll be lucky again and again. In the crypto-world there is a lot of risk involved.
Don’t Trade to Live
Most of the time, this is how it all begins for some people. Your priorities shift and your job feels completely unnecessary. Instead of working, paying bills, and meeting your family and friends. You find yourself looking at the cryptomarket every hour. Trying to maximize your returns which can be very problematic. You don’t remember the last time you had a meaningful conversation with your best friend because you have been to busy obsessing over the fluctuations in the market, maybe because you invested too much.
So, if cryptocurrency has taken over your relations, health, work, friends and family. Its gone too far and you know it! You want to keep going on and never stop! But, it now or never and it’s time to let go.
Crypto is Not a Lifestyle
Trading is a good way to earn money, but it shouldn’t be the only way you are earning money and you shouldn’t become completely dependent on it. We say this in your best interest. Crypto is highly volatile and prices keep fluctuating in the blink of an eye. At one minute you’re a million and the next you’ve nothing left. Well, this might be an overstretch. But, you get the point don’t you?
Some people say if you are earning good money from an addiction, it’s not bad. But it really is. Unfortunately becoming attached to trading can lead to the horrific financial trajectory. Selling your family house, cars, and personal belongings just to make up for the lost investments.It’s the perfect pathway to hit rock bottom. So, we’ll advise you to make sure you are not too emotionally invested in your trading and this digital world isn’t causing you your work, relationships, and health. Earning by your job is the still most secure way of earning. Be careful, it’s not always what it looks like!