Crypto Trading May Cause Lower Quality Of Life And Higher Stress

[Captain Corporate]

I agree that any job that you can make money from is stress, and there is a lossp potential at trading but if you are a business owner then you can lose and even bankrupt your whole company and lose it all as well, you think that is not stress? That is why I never went against any of my bosses that I worked with, either I quit or I keep working, because I never judge the bosso n how much they make and how little they pay us, if the boss goes bankrupt, I can find another job, but they will end up with a lot of loss, much more than me. The reality is that trading is similar, you either make a profit, or a loss, and that is not stress, feeding three kids and a wife with a single salary? That is stress, having a disabled kid that you need to take care of until you die? That is stress. Trading whenever you want? That is a hobby, if you dislike it so much, stop.

[robelneo]

Gambling and trading have inherent risk associated with them, but compared to gambling, you are encouraged to have fun and gamble within your means, something you cannot say with trading, on trading, your motivation is profit and since it is, you will lose sleep and experience depression if profit is not realized.
Trading is a health risk too if you do not handle your mindset properly.

[Z-tight]

Gambling and trading have inherent risk associated with them, but compared to gambling, you are encouraged to have fun and gamble within your means, something you cannot say with trading, on trading, your motivation is profit and since it is, you will lose sleep and experience depression if profit is not realized.
Trading is a health risk too if you do not handle your mindset properly.

I don't see how they are different really, nobody gambles to lose but to win and if you talk about 'fun', traders will also tell you that they are having fun trading too. Trading is very similar to gambling in my own opinion, you are trying to speculate or predict something, so it can be very stressful.

[joniboini]

I don't see how they are different really, nobody gambles to lose but to win and if you talk about 'fun', traders will also tell you that they are having fun trading too. Trading is very similar to gambling in my own opinion, you are trying to speculate or predict something, so it can be very stressful.

I think that definition of trading is too broad. If trying to predict something is trading/gambling, then weather prediction is also gambling too. I don't think that's a good definition IMO.

I think there are enough differences between trading and gambling, such as different success ratios, how you can minimize risk with the tools available on your exchange (stop-loss, trailing loss), the fact that you can change your loss to profit if you can time your timing right, etc. Although it seems like there's been a trend of "trading addiction" recently, even though I never know anyone who has this problem. Anyway, both of them cause us stress, so we have to manage that properly.

[KingsDen]

The stress of traders is different from the stress associated with the risk in trading.

What is the difference? Traders are mostly stressed out because they are trying to make money from trading, they know it is risky and they can also lose a lot of money, that is enough to increase a person's stress level. They worry about profit, managing losses, signals, etc, all of that is cumulative of the 'risks' involved in trading, if it was not risky, they'll feel no stress.

The difference is that I believe there are two types of stress associated with trading.

• The normal stress which is associated with emotions. Knowing that you could lose money and you could also make profit is a kind of stress because you keep watching your portfolio and not having peace of mind.
• Another kind of stress is the one a trader experiences when they don't have convenient time for trading. I mean they trade 20 of 24 hrs without having a good sleep or rest.

[Z-tight]

Knowing that you could lose money and you could also make profit is a kind of stress because you keep watching your portfolio and not having peace of mind.

People who gamble are also faced with this, they know they could lose money and they also believe they can make profit, this can cause them stress and affect their peace of mind.

Another kind of stress is the one a trader experiences when they don't have convenient time for trading. I mean they trade 20 of 24 hrs without having a good sleep or rest.

There are people who are addicted to gambling too, they gamble with everything they have and they even take loans to gamble, they even spend most of their day in gambling websites.

[Gposas]

Even an ordinary job where the worker is exposed to pressure, various types of mobbing and the feeling that someone is exploiting him can lead to all the already mentioned problems. I personally think that this is a much bigger problem than the fact that some people trade in cryptocurrencies, especially if we know that the percentage of those who actively trade in cryptocurrencies is very small compared to those who trade in stocks or ETFs, not to mention those who gamble.

However, there are solutions for academics - let them stop trading with cryptocurrencies and they will no longer be under stress

I agree with you, work done on our daily lives expose most people to all those mentioned above depending on the kind of work. It is obvious that every work done by a workman is attached with stress but the stress varies depending on the kind of work.
Pointing at trading as one that carries stress, I guess there are some daily work that's much more stressful compared to trading, trading even seems more simple to me because you can likely enter and close your trade anytime you want.
But in all thanks for the Health Information, we all know Health is Wealth.

[MUGNIA]

at the beginning I knew crypto I felt stressed because I didn't understand how to play in crypto, sometimes the selling price I gave was too cheap and not even according to expectations,
the more I don't care where when I sell my coins I won't see the coins and even get amnesia if I have the coins
for trading problems the same as gambling I think it's not the same where we don't guess the price but we determine the price at which we will sell and buy

[Bobcrypto]

Well, most of over work job and jobs in corpo world will do the same, for trading it's when you usually lost, but i guess the more you trade, the more you lost especially in day trading.

I hardly agree that the more a day trader trade the more he losses. I know that crypto market is unpredictable and very volatile but there are expert day traders who are exceptional and do not fall into this category of losses as you mentioned.
Again, most people who trade continuously are those that stand a better chances to acquire more knowledge and experiences over times.
Infact, trading regularly give a trader the opportunity to always strategize his ideas and plans, it is a better ways to look at areas of his mistakes for reviews and do some corrections before moving further.