Cryptocurrency Depression; the dark side.

[Master107]

Hello guys,,, let us discuss about this important matter which is so relevant all the time in different season.

Cryptocurrency is great with so much potentials and possibilities to change everyone's lives from rugs to riches. However life is not so good in some cases due to the fact that scammers, fake accounts, and evil desires of other people could severely damage someone point of view and lifestyle. The damage may increase to depression which is a serious case of a person that could end to suicidal decision.

Btw, if you are depress now. Don't take your life. Life matters the most.

FYI, I'm not depress. Let assume maybe there is someone here so depressed because of the sudden dump last 24 hours ago. I hope this thread could help them to renew their confidence dealing cryptos.

For you, how you should deal the cryptocurrency depression?

[TomPluz]

Well, there are no benefits of being depressed, and we know how that can really affect one's disposition in life. Cryptocurrency is just like any area of our lives...there will always be ups and there will be downs. And we can't have the two at the same time. We can be celebrating when what we are holding will be experiencing some unexpected jumps in value, but we know that nothing can stay up forever there will always be corrections. And the thing is that we just have to look at the market history to know this big reality. Instead of making it as a reason to get depressed, we should look at dips as a great way to make more money by buying more. All because the market will surely be rebounding in a matter of days. There had been no dip that happened forever unless of course what you are holding is shitcoin. Things boil down to mindset.

[Master107]

Newbies in cryptocurrency are vulnerable in depression. Majority of newbies viewed crypto as a place to earn big money in easy way and in a short period of time. Some went to devastating experienced when they trust someone to invest their money (depressed).

Newbies must know the pros and cons in crypto investment. Failure to research could be in danger.

[rizqillah]

Newbies in cryptocurrency are vulnerable in depression. Majority of newbies viewed crypto as a place to earn big money in easy way and in a short period of time. Some went to devastating experienced when they trust someone to invest their money (depressed).

Newbies must know the pros and cons in crypto investment. Failure to research could be in danger.

I think we must keep calm and wait the progress of market.I think senior investor and trader know well about crypto currency market. Always  high on volatile. Yes we must be careful as newbies. Because investment in crypto is not easy.

[pealr12]

The reason why they say invest what you can afford to lose is not far fetched, if you invest a raesonable amount that wont hurt you too much even if things don't go as plan, you won't find yourself in a depressing state. it is not a good idea to get yourself worked up when the market is down, best thing is take a break and come back when you are a bit relased.

[sergeybobrov]

Nothing terrible happened and you get used to the fall of cryptocurrencies over time. After a while, everything will show growth again. If you are upset or depressed, take a break from the cryptocurrency charts and watch a movie or take a walk.

[Ferki]

The problem can arise when you have borrowed the money or invested the money you need to live in crypto or stocks or some volatile or risky investment.
This is nothing more than gambling or addiction.
Or the disease.
You can do this under the influence of alcohol, drugs or wrong friends.
If you are an unstable person and there are other influences, like the death of a close person, then you can quickly suffer from other diseases such as depression, for example.
You should definitely visit the doctor if you can no longer find joy and can no longer remember when you last felt it.

[raisajahan]

Crypto currency is not a matter of joke its really a investment platform where profit and loss are associated with this. So few people who recently added to crypto currency market their thought is in the crypto market there is only profit in crypto market but they do not think that it is a investment platform where there is a big opportunity to gain also there is a possibility to big loss. So don't be depressed if you want to deposit in the crypto market if you fall in loss you have to wait untill profit comes.

[robert20]

Everyone should know about the high risk before entering crypto and should not invest anymore tyan they could afford to lose. Nobody will give you something for free with bigger money you need to take bigger risk. And everything that goes up will come down also so be prepared for every situation. Dont trade if you can afford to lose.

[andrewBud]

Depression is a very bad counselor. Being in a state of depression, a person often makes erroneous decisions (often, these decisions become very dangerous for health and life). It is necessary to fight depression and overcome yourself.

[sampoerna]

I am sure that if we feel depression in the crypto world, it means that we are not ready yet with the crypto world. Moreover if we only focus and know about the profits that we can gain from crypto, not for the risks. Many beginners are like this,feeling depression once they ar elosing or drop the price

[Crypto Guard]

To be able to overcome depression due to crypto, which is indeed an uncertain price and very volatile, the way I do is to accept the reality and also collect not only one type of coin.

[zilzylian]

Don't invest in crypto if you don't have enough experience, no one guarantees profits will always come, Depression arises due to inexperience and never makes a profit when investing or trading, so doing due diligence before making a decision is necessary, so as not to experience losses at a later date

[Master107]

@Ferki
Yeah, if there's anyone here who are depressed. They should consult the doctor or just anticipate whatever that can triggered the depression anxiety abnormal attack.

[Anonylz]

The reason why they say invest what you can afford to lose is not far fetched, if you invest a raesonable amount that wont hurt you too much even if things don't go as plan, you won't find yourself in a depressing state. it is not a good idea to get yourself worked up when the market is down, best thing is take a break and come back when you are a bit relased.

True that but the issue still remains that some investors would believe that this is the place to make it big and quick, even though that might happen in a tiny fraction of time hence they invest more than they can handle when thing go sideways and if they cannot handle the situation, Depression. I think people should really understand the market and invest what is affordable should it happens.