Crypto Addiction: A Hidden Epidemic?
techxplore.com
techxplore.com
Football/sports: there's the impression that you need to have a high level of knowledge to be successful, and unless you're using more complex betting strategies/placing more exotic bets, the gains are fairly limited.
Stocks: much the same although there's always be a contingent of people who go for "penny stock" scams.
With crypto, you can literally just put your money in and if you're early and lucky enough and have diamond enough hands, massive life-changing gainz can be yours over very short time horizons.
See: news articles like the ones talking about how an $8,000 purchase of shiba inu coin last year is now worth over $5 billion.
I regularly trade penny stocks, sometimes buying and selling the same one multiple times in one day. But I don't advertise them and I don't follow advertised trades. I look for very specific attributes and get my dealing done as quickly as I can. I actually stick with the companies that I think will succeed, too.
Maybe the Penny Stock Industry (if it exists) is a scam. I get what you're saying. But the stocks themselves are the same as any other stock. Just smaller and more volatile.
The scam part is when someone publicizes a penny stock and hypes it for a pump and dump. Sometimes I ride them, too. But I duck out early because I know how it ends. I just make sure I sell before the pump-and-dumpers do. They nearly always tell you their "prediction" to help drive it up to where they're hoping to sell.
But the fascination of instant money for nothing didn't stop any one of them from trying. Just like lottery and bingo (although at least Bingo has a social element).
""
1. Hazardous use: You have used the substance in ways that are dangerous to yourself and/or others, i.e., overdosed, driven while under the influence, or blacked out.
2. Social or interpersonal problems related to use: Substance use has caused relationship problems or conflicts with others.
3. Neglected major roles to use: You have failed to meet your responsibilities at work, school, or home because of substance use.
4. Withdrawal: When you stop using the substance, you experience withdrawal symptoms.
5. Tolerance: You have built up a tolerance to the substance so that you have to use more to get the same effect.
6. Used larger amounts/longer: You have started to use larger amounts or use the substance for longer amounts of time.
7. Repeated attempts to control use or quit: You've tried to cut back or quit entirely, but haven't been successful.
8. Much time spent using: You spend a lot of your time using the substance.
9. Physical or psychological problems related to use: Your substance use has led to physical health problems, such as liver damage or lung cancer, or psychological issues, such as depression or anxiety.
10. Activities given up to use: You have skipped activities or stopped doing activities you once enjoyed in order to use the substance.
11. Craving: You have experienced cravings for the substance.
""
Clearly it's focused on substance abuse and not behavioral addiction. (I'm sure I'm using imprecise terminology here.)
#3 would be difficult to prove for a 'crypto addiction', I have to imagine.
And for every sale, 70% of the NFT profits go to the miners given the extremely high gas fees these days.