Trading cryptocurrencies is not only a profitable business, it is also highly addictive. The smartphone has to be checked constantly. There is constantly staring at the PC. The courses must be observed. For this reason, Scotland now has the first clinic for people with crypto addiction: Castle Craig.
An addiction often forms from the dopamine-building profit that is made when trading. Traders try to experience this good feeling again and again, even if it would be wiser not to invest. As a result, an addict will only lose money in the long run. In extreme cases, this can lead to isolation from the outside world, drug use, and even suicide attempts. If addicts are deprived of the opportunity to review the courses, they burst into fear. Often this phenomenon occurs in combination with sweating or panic attacks. For this reason, among other things, the number of people who want to be admitted has recently increased tenfold.
Anthony Marini is a therapist who works for Castle Craig Addiction Clinic. He has treated crypto-trading patients since 2017 and claims to have been the first to observe the similarity between gambling and trading in Bitcoin, Ethereum, or other cryptocurrencies. The measures that he uses in the addiction clinic may act as a punishment on the patient, but the effect of this should help to get rid of the addiction. The use of the telephone is permitted for two hours once a week.
Other scholars criticize Marini's way of thinking about crypto trading. Dylan Kerr from Thailand sees a resemblance to gambling, but still thinks it shouldn't be oversimplified. According to him, the differences predominate. Unlike gambling, crypto trading is always available. Social media pressure on crypto traders is also much greater than that of gambling addicts. The traders are haunted by the feeling that they have not invested at the right time and therefore blame themselves.
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