Bitcoin Effect on our Health
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.