We don't need to invent new terms like "cryptocurrency addiction" it's just gambling!
We don't need to invent new terms like "cryptocurrency addiction" it's just gambling!
But, I think it's normal to be skeptical though of new invented terms in general, since it can be used as propaganda to create fear or stigma about some very specific thing someone has an agenda of getting rid of. Cynical take: maybe someone trying to introduce the word cryptocurrency addiction has an interest in seeing the price go down, e.g. they're shorting it, etc. In the same way someone else might not want there to be stigma about crypto currencies, because they own some and want to see the price go up!
It's one of the most volatile assets anyone can invest in. The vast majority of people are investing in it are driven to it by hype alone.
This is gambling. There is no other way to describe it more generally.
People in media and elsewhere calling it "investing" hides the fact that the risk is not much better than betting on a few hands of blackjack.
And hey betting relatively small amounts at a casino OR on crypto is totally fine, go for it! Betting more than you can afford to lose it's just insanity.
the amount of guru groups with followers, neverending notifications of volatility, new ~revolutionary idea~
it can, and does, mess with people's mind a lot