Bitcoin addiction treatment

Trading digital or cryptocurrency such as Bitcoin, Ethereum, Cardano and Dogecoin with all the heavy price fluctuations can cause a significant 'high'. And just like gambling, trading digital coins can have compulsive and uncontrollable consequences. As is the case with gambling, we speak of a so-called behavioral addiction.

How Does Bitcoin Addiction Work?

It starts with the decision to trade digital coins. The person in question concludes that acting in it has a much better chance of achieving financial goals than through his or her current job. Everyone dreams of financial independence, right? From that moment on, the risk of addiction is lurking. This starts to take serious consequences as priorities shift and the trader works to be able to invest in bitcoins rather than work to live and pay the bills.

Work related consequences Bitcoin addiction

The day job becomes a necessary inconvenience and an afterthought in such a case. Because the crypto market is so volatile, traders believe that - to maximize their returns - they should actively pay attention to the digital coin market every hour of the day. This therefore has a negative impact on job performance.

Social consequences of a Bitcoin addiction

Bitcoin addiction can also lead to social relationship decline. For example, the trader scans the charts when a friend sends a message or wants to go to the gym. He declines the offer, because he has something more important to do. Feeling that tomorrow is not going to be a cryptocurrency rest day, he is also canceling a friend's birthday dinner. After all, it is much nicer to look at his coins and stare at his portfolio.

Social disintegration

Eventually at an advanced stage, the digital currency trade has taken over the relationships, work and health of the trader, creating a profound addiction that is not inferior to a gambling addiction.