Crypto trading becomes an addiction for many


The cryptocurrency revolution is in full swing, and the popularity of crypto and NFT trading is only increasing as valuations spike. As with stock trading, this can become all-consuming for many people as they monitor the 24/7 trading environment.

We’ve seen significant peaks and valleys with cryptocurrencies such as Bitcoin, and now we have NFTs dominating the news as well.

Putting aside the positives of crypto and NFTs, some people become too obsessed with trading, leading to an addiction crisis.

So as you dive into this world, keep in mind the pitfalls. Be careful and understand the risks, but also don’t let it consume your life.


The Bitcoin roller coaster

Bitcoins have been in the news quite a bit lately, as the trading value of this new virtual currency has been fluctuating like crazy over the past weeks.

The scale of the recent boom and bust has been staggering indeed. At the start of the year, a Bitcoin was worth $13.51. Earlier this week, it traded as high as $266. And on Thursday, it plummeted to less than $100, as one of the exchanges where Bitcoins are traded closed temporarily. This would be comparable to the exchange rate for the British pound soaring from $1.62 (where it was on Jan. 1) to $31.90 and then falling back to $12.

The topic got even more attention when we learned that Tyler and Cameron Winklevoss had amassed a rather large Bitcoin position.

The article linked above provides an excellent primer on the topic of Bitcoins. It will be interesting to see whether online retailers or marketplaces started accepting this virtual currency.


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