Hi Steemians
This article is about to discuss the negative effects of Bitcoin on our health. Have we noticed that now a days our mood , behavior and happiness is somehow associated with Bitcoin. If the Price of Bitcoin goes up , then the mood / behavior also goes up and vice versa.
Bitcoin is drastically affecting the health of its investors mainly because of its volatility. The emotions of investor is moving like a see-saw as he / she are keeping their eyes on the price of Bitcoin. Imagine the situation of a investor who put its money in January 2018 when the Bitcoin was looming around 15000 – 17000 US dollars .The guy must have gone through hell of mental trauma till today
According to an Article on www.zcrypto.com a 20 year old Korean student committed suicide following the Bitcoin price crash in January 2018.
Investors are heading towards Anti-depressant medications just because of Sleeplessness associated with Bitcoin price fluctuations. Not only Bitcoin Drain the Brain , it also exhausts out all the energy of the individual and decreases the Output in daily routine of its investor.
I am not against Bitcoin trading but my point is that EVERY THING MUST BE DONE IN ITS LIMIT and so must be Bitcoin Trading. Keeping the eyes all day on the Candles of Chart not only diverts all the attention but also it leaves a feeling of Heaviness on your mind . Every day is not Sunday , we might earn 100 to 500 dollar a day , probably 1000 $ a day , but not every day and this thing we have to make our self understand. Every task in our daily routine must be given its due importance .
My advice is that if you have purchased Bitcoin at any price till today surely it will rise one day and will pay off for your investment . It might take few weeks to months but surely its going to rise not only above 10,000 $ but even above 20,000 $ .
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Have any one of you experienced any mood swings with Bitcoin Trading ?
I think its the blockfolio app which is the cause of this problem.
The issue is in our priority I believe . We made money our source of happiness . As I said down in one of my comments that when money becomes happiness then let it bitcoin or any alt coin . If we have invested in it , we become happy if it goes and vice versa
I agree that no matter what price you purchased bitcoin at, it will increase with time. If you aren't a day trader or are actively trading and just checking the price every 10 seconds, my suggestion would be to stop.
Turn off all alerts and alarms and just live your regular life, don't let the price dips dictate your happiness. If you believe in blockchain and the tech behind it, just know this is temporary and it will all turn around.
I have looked at my time and energy put into participating in the STEEM blockchain as investment in a community I want to support. Just as I would "vote with my feet" to show I believe in a product or service in my immediate community, we have found an alternative to the corrupt and unconcerned governments that rob us of our value and freedoms. I'm definitely pie in the sky about the future possibilities, but I think today's realities are going to bring a ton of people to the same conclusions: we finally have a choice.
Alas choice remains our own . However the comman man are still shown the dreams of double profits which lures them and they end up investing major of their savings .They are unaware of its volatility and start selling as soon as price starts to drop
That’s the best way to do . Happiness in life is much more than crypto trading
Couldn't agree more!
"Turn off all alerts and alarms and just live your regular life" I agree with that
That’s the best thing to do .Invest a small amount that you can afford to lose and then forget it
Somehow you made a point. Whatever associated with money will have really an impact to us and since bitcoin = money, then btc will somehow dictate the mood to some and the mood will have a great effect on our health. In fact, there are news that some of our fellow cryptonians commit suicide early 2018 when the time dips so low - this is the worst scenario whom someone commits.
When writing the post I studied that couple of incidents of suicide happened during January 2018 due to rapid fall of bitcoin price
Just another way that the big boys are pulling the strings of society.
Correct
Your post is true, not just Bitcoin but all cryptos as well, imagine the feeling when you miss out trading at a high point.
I haven't been feeling too great as my steem stock have been decreasing drastically.
Don’t worry. Just leave your steem stock and in couple of months it will cross 2 dollar
It is written in Bhagwat Geeta that we should focus on Karma and not on result.... So we should study and invest and dont get tensed about the result
It’s true written but a common person who just saw a video on YouTube saying that double your profits using altcoin or bitcoin and puts money in it, ultimately gets depressed specially during this period where cryptos are bleeding
I think it is psychological more than physical.
I think it’s like a business . Every one can’t do business. You need patience in it. And when dealing with Crypto trading then one needs a deep patience because here thousands are converted into a millions in a matter of no time and vice versa
Yes I can not disagree with this post from you as I feel the situation myself , Invested at wrong time and now i am passing through disaster , everyday morning I turn on my phone to check Blockfolio and there are little changes to make me happy its a long term depression eating up my health every day , we need to get out of such a situation to save our emotional state and we need patience to feel real uptrend.
Upvoted your post for unique content, following you @pksur
Thanks for your feedback
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STOPTo support your work, I also upvoted your post!
This is why anything in excess is benefitial. We have to care our mental and physical health too. Is BTC a way for many of us to increase our incomes? YES! But don't make it your whole life. It's very unpredictable.
Cryptos are volatile, so associating your happiness with it will give you a see saw ride , where one moment we will be on top of sky and the other moment crashed
Exactly! Happiness is much more than just expecting crypto's to have a good price.
Good Tittle "Bitcoin Effect on our Health", Really
Thanks for your feedback
yes i lose 3 kg weight suffering from btc crash i lost my btc
Just hodl btc if you still have in wallet
ok
When I see btc going way down or the alts... the first thing I do is again look at the projects that I am involved in and look at all the good news and remind myself of the future. I immerse myself in the positive. Also, remember when the "fake news" is telling you you should sell, you better believe that as soon as it drops they are buying it ALL up. Think like a millionaire!!!!!!!!
It's very true that Crypto Market affects our health and it is very obvious because of its volatility. That's why I recommend people to believe in long term investment. Very well written @jules-nikolas
Thanks for your feedback dear
hello i have 1500 steem power and my repo. 50+. i want to contact us so please me on telegram https://t.me/Jagsarathore
Thanks for your feedback
This can't happen to real investors and professional traders as they have overcome the psychological challenges associated with participating in the markets. This can only happen to the general public who invested into cryptocurrencies. If you are interested in learning more about this topic check my article and start from there.
The Importance of Mastering Trading Psychology
https://steemit.com/trading/@drumsta/the-importance-of-mastering-trading-psychology
Sure I will. Thanks for your feedback
You won't mind anything if you don't put everything in crypto. Get a good job, invest minimal into something worthy including crypto , 5-10% for example. If you treat crypto trading or any kind of trading a job then make the most out of it while learning. Experience pays best. Nevertheless, it is always better to stress yourself in to those jobs that you really love to spent time and be exhausted. Imho
That’s the point . Not to put everything in crypto , hold it whatever you are having and live a normal life
I also totally agree with you on this, but... I can`t STOP! I am addicted and is bad, addiction is real and more powerful than drugs, cigarettes and even drink. It should be considered as a disease and treated as you can not stop it by yourself, even after losing all monies I got a loan and continued... is getting worse day by day.
Since how long you have been dealing in crytpos ?
Love the post. I am trying to learn more about cryptocurrencies and following you has been great for general knowledge and introduction. Thanks for the work. You introduced me to this great community.
Thanks for your feedback 👍
I upvoted and followed you. Please reciprocate
Sure I will
it's money end of the day, regardless of ones an zeros, or paper.. people should be careful not over doing it...
Unfortunately Money associated with happiness
unless some can look beyond that, happiness is everywhere.
Agree with you
Thanks for documenting this. It is true however, I would say that this is not native to BTC alone, it is inherently like this with any trading or investing or money in general. Another way to state the fact is to say , wherever one put their interest on they tend to thrive when the situation seemingly looks good and otherwise when their vested interest are looking gloomy. It is the way if people I think ?
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It’s associated with all sorts of money trading . Agree with you
@jules-nickolas its shock your heart and brain
It’s affecting every person . Not only me 🙂
I totally agree with you on this
Rise and fall of Bitcoin affects my mood way too much
I became more careful when I wasn't spending enough time with family because of bitcoin market trend
I suggest to put that much money which is afforded to lose and forget about it . Holding the coin is much better than day trading
I think investments expose people's character, it has nothing to do with the underlying investment. The problem is not the asset itself but rather the individual.
Agree with your point. Somehow it’s the greed which makes the individual pay for it
You got a 14.33% upvote from @postpromoter courtesy of @jules-nickolas!
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Congratulations @jules-nickolas!
You raised your level and are now a Minnow!
During last year I am study about Cryptocurrency and involved with Bitcoin. I am totally agreed with you that bitcoin price pump/dump controlling Cryptocurrency investor and traders mood / behavior.
Yes that’s true .
Check out my new post. It is about my first shoot i did 6 years ago.
Sure I will
Bitcoin makes me a heart disease :))))
Haha not for everyone 😊
I think that's man was speeking truth and its also for amazing blog post and bitcoin was just again and again pump and dump and not even go now at a time up and now marketing was increasing volume so may be bitcoin will be grown as simple as possible
Thanks for your feedback
ya surely bro it effect our health it gives us tension too
Thanks for sharing your views
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STOPI agree but mostly people mod chang when price up happy and when price down of BTC mod off..
Thats are effect of money not bitcoin
Unfortunately we have made money our happiness . That’s why we become happy when it goes up and sad when it goes down
Many investors in the US stock market also committed suicide after every major crash. I think the important thing to remember is A) don't invest more than you can lose. B) money is not life. don't make it the most important thing. and C) what goes down, if it survives, comes back up. look at long-term charts and historical data, don't just watch what is happening today.
Looking at long term charts is the best strategy in bearish period
Agree. I bought Bitcoin and other altcoins when they were quite high on december and in january. I bought the dips, up until now to average down my costs. I'm also only invest the amount of money I'm afford to lose. Although I'm still in minus, I'm just going to wait it out for a few years. If we reach high prices again, great I'll cash some out and play with the rest. If not, I'm still okay with it. I daytraded long ago, but failed most times. So trading is not an option for me yet. Hodl is the one :)
Yeah hodl is the best strategy 👍
yes! i agree with you.
Thanks for your feedback
i feel as tho people should have a clear understanding of what this space is , if you know that you have a weak stomach then don't join. study the space and follow experts (not big investors talking on cnn, msn , etc...). so that way your emotions are not tied up into this space
It’s true.. we simply follow the channels on YouTube who say earn profits on crypto . But a common man is unaware of risky trading . They are just looking into profits
bitcoin is made for everyone but everyone is not made for bitcoin " in short loose heart people always stay away from this , it will be dangerous if you always think about your investment
That summarizes the whole blog 👏👏
thanks for you kind reply
pls give me upvote plz sir
https://steemit.com/mgsc/@digitalnew/xrp-technical-analysis-xrp-heading-towards-15-cents
Done . Anything else dear 🙂
I can't believe the price goes up to the extreme, that it causes mood changes and things like that
Well it goes for those who invested a lot in cryptos or any stock trading
But still though
Try investing 10,000 dollars and see it dipping more than 50% in 2 months. It gives horrible feeling
@jules-nickolas
Sir I agree with also there is point that it makes people lazy as well.
Most of the crypto investors think that they can easily make millions just by investing and resting.
Actually we are living our life based on the fluctuation of bitcoin.
We should not indulge in bitcoin trading that much which start effecting our health
Now, this is not unlimited. You start with 100% votingpower.
THanks for your comments
Now, this is not unlimited. You start with 100% votingpower.
Now, this is not unlimited. You start with 100% votingpower.
sharik and
Now, this is not unlimited. You start with 100% votingpower.
If you make a vote on 100% (minnows always do, whales and dolphins with more capital can choose to do 1%(of that 2%) for example) you will use up 2% of your votingpower.
hello i have 1500 steem power and my repo. 50+. i want to contact us so please me on telegram https://t.me/Jagsarathore
yeah but my cousin buy on 12000$ and on everyday she disappoint by see coinmarket cap
Thanks for the awesome audio conversion