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Number of crypto addicts is growing

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Number of crypto addicts is growing


By CoinstelegramEng

2 months ago
2 mins read
Number of crypto addicts is growing
More and more clinics are beginning to offer help in getting rid of cryptocurrency addiction. Psychologists point out that the number of crypto dependent market participants is growing. Help centers for crypto addicts offer programs aimed at getting rid of it.

In particular, Castle Craig, located in Scotland, offers such services. In 2016, it became one of the first in the world to offer a rehabilitation program to get rid of dependence on trading cryptocurrency assets.

According to the doctors of center, the number of those who face the problem of dependence on cryptocurrencies is constantly growing.

Number of crypto addicts grew after the collapse of FTX

By its nature, cryptocurrency addiction is similar to gambling addiction. It is characterized by investing in high-risk currencies, which at the physiological level is accompanied by a significant release of adrenaline, addictive to strong emotions and an obsession to make a profit faster during trading.

Cryptocurrency addiction also causes compulsive behavior, excessive fixation on market news. Because of this, people are increasingly inclined to use extremely risky trading strategies. An interesting fact is that different countries have different attitudes to cryptocurrency addiction.

In particular, there has been a lot of discussion about Internet addiction in China over the past 10 years. According to official statistics from 2010, at that time, at least 33 million young users were exposed to dependence on Internet games and other types of online entertainment.

4 years ago, China introduced a limit on the amount of time minors can spend in online games. Persons under the age of 18 were forbidden to play from ten in the evening until eight in the morning. At the moment, people under the age of 18 were allowed to run online games for no more than one hour (and strictly from 8 p.m. to 9 p.m.) only on Fridays, weekends, as well as on public holidays.

It is unknown how many crypto addicts are in the world

No one can specify exact figures about how many crypto dependent people there are in the world right now. Clinics offering services to get rid of cryptocurrency addiction indicate only that the number of patients is constantly growing. The complexity of calculations lies in the fact that many traders trade either from home PCs or smartphones. Therefore, we can only say one thing – the number of crypto dependent is increasing, which means that the number of clinics that will offer investors and traders services to get rid of it will grow.


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