An often overlooked aspect of the cryptocurrency markets reputation for volatility is the effect sudden market changes can have on the mental health of traders and investors.
Addiction to day trading, or pathological trading, is already well-known among stocks and commodities traders and has been extensively documented by medical professionals. There are even rehab programs devoted to treating day-trading addiction.
With its possibility of life-changing money for those lucky or savvy enough to catch it, the crypto market has generated its fair share of trading addicts.
To get a better understanding of the mechanics of cryptocurrency trading addiction and how to recognize it, Magazine sat down with Tony Marini, senior specialist therapist at Castle Craig Rehab in Scotland, and Aaron Sternlicht, co-founder of New York-based private practice Family Addiction Specialist.
Sternlicht defines cryptocurrency trading addiction as the persistent or recurrent pathological compulsion and obsession to engage in the behavior of investing in or trading cryptocurrencies despite negative consequences to personal and/or professional areas such as financial loss, disruption to relationships, career problems, mental health issues, and other such negative consequences.
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