Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Addict
by
Swordsoffreedom
on 31/08/2021, 22:19:59 UTC
I'm really happy that I'm not addicted to Bitcoin actually. Because I don't think that it is a good thing. It can cause you to manage your Bitcoin investments really poorly. The most important thing is to make your investments wisely. If you don't have a certain strategy, you might invest more and more until having no money left. And it might not end up well.
Addiction is not created overnight. And the type of addiction is the same for each person. I have seen a few people sell their necessities to invest in Bitcoin.
Again, I have seen some people who have borrowed money from their relatives and lost their livelihood by doing excessive online trading.
Being overly addicted to anything is not a good thing at all, Investing in Bitcoin is profitable but there is a need to maintain a limitation.

"Bitcoin addiction" This term is very new, people who invest in bitcoin by borrowing money we can't say that they are addicted to bitcoin, maybe they don't want to miss the opportunity to catch the profit and that's why they borrowed money and also gave a portion of interest to the lender. You can borrow money to do any progressive work, so borrowing money is ok if he is skilled enough to do online trading.