This Scottish Hospital Has A Questionnaire To Gauge Crypto (BTC, ETH, XRP) Trading Addiction
Cryptocurrency trading in its infancy was considered as fun and exciting and the subject to memes and funny phrases such as When Lambo! But beneath the excitement and memes is actual digital funds being traded in the numerous exchanges online. This means that a savvy trader can end up being addicted to the lifestyle of constantly checking the prices of Bitcoin (BTC), Ethereum (ETH), XRP – and the rest – in a manner that has been compared to actual online gambling or the type seen in Atlantic City, New Jersey and Las Vegas, Nevada.
It is with this background that the Castle Craig Hospital in Scotland, had earlier this year announced that it was offering treatment services to those suffering from Cryptocurrency trading addiction.
Chris Burn, who is a gambling therapist, at the hospital had this to say back in May about the similarities of crypto trading and traditional gambling:
The high risk, fluctuating cryptocurrency market appeals to the problem gambler.
It provides excitement and an escape from reality. Bitcoin, for example, has been heavily traded and huge gains and losses were made. It’s a classic bubble situation.
It is therefore with this background and experience, that the same Scottish Hospital has released an online questionnaire for any crypto trader to gauge if they are addicted to the industry.
The questionnaire available online asks the following with a corresponding self grading system:
Do you feel compelled to check cryptocurrency prices all the time?
Do you invest more on cryptocurrencies than you can afford?
Do you feel the need to invest larger amounts of money to get the same feeling?
Have you spent more to get back money you have lost trading in cryptocurrencies?
Have you borrowed money from friends and family or sold anything to invest in Cryptocurrencies?
Have you ever wondered whether you have a problem with cryptocurrency trading