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Is crypto a serious addiction?

For most people, thankfully, the answer is that crypto is rarely a full-fledged addiction that requires treatment or a deep bout of soul searching. But sometimes it’s serious. Sometimes it can ruin lives.

How is crypto addiction treated?

In general, crypto addiction is treated with cognitive behavioral therapy and a 12-step program like those used in Alcoholics Anonymous and many other addiction-treatment programs. Therapists address the emotions driving the addiction, assess secondary issues like depression or substance abuse, and help patients develop strategies to overcome it.

How did crypto addiction start?

Some say their crypto addiction combined with an alcohol or drug habit, while others say they began by treating trading digital tokens much like gambling. “I spent eight hours a day on Reddit reading [crypto] white papers, thinking I’m making an intellectual decision . . . it was just ridiculous,” said one patient.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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