RE: [0089] - Cryptocurrency Traps: The "Addiction to Infinite Profits" & "Cash Out Depression"

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[0089] - Cryptocurrency Traps: The "Addiction to Infinite Profits" & "Cash Out Depression"

in bitcoin •  7 years ago  (edited)

Skyflowers is 100% correct about the addiction aspect of cryptos. For example, the most addicting product in the world is Facebook. Why? Facebook sends you notifications that someone liked your post which sends dopamine through your brain that you are important.

Every time we check our crypto accounts, or look at the chart for the last week, and see our profits increase 300% we receive a large dopamine release straight to the reward centers of the brain. Myself, I feel like checking my holdings multiple times a day looking for that increase in price: to get my 'fix'.

Therefor, as the majority of crypto investors are college amateurs or 'cool' dads, the importance of learning fiscal responsibility cannot be understated. Cryptos are highly speculative and will remain that way for some time. Until they become mainstream, they are very dangerous. NEVER invest anything you aren't 100% okay with losing. Until you have cash money, all your gains are essentially a day away from being gone forever.

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I plan on looking into the brain chemistry aspect to this. As I find the current coin culture fascinating.