Crypto Trading May Cause Lower Quality Of Life And Higher Stress

[ABCbits]

I believe there is stress in anything that is risky, and by and large any kind of trading is risky, so it will surely increase your stress level. I.e. people who gamble, they are also going to experience a higher stress level, just the hope and wait to find out if you were lucky to get it right can affect your sleep, so i don't think it is only about crypto trading, but anything risky.

That's great point, especially since the news state they compared stress among cryptocurrency traders and non-traders.

So for those who have read this report, I would say that we should just ignore this data. Just look at the people on the street, they still survived.

I don't get your point. While people on street survive, should we ignore their street amount or quality of life?

[Z-tight]

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.

[bayu7adi]

I realize that, I see the flexibility of time offered for the trader profession actually makes many people, especially those who still do not understand optimal working hours, trade overtime... they do deeper analysis so that the brain is forced to work harder than workers in general, they also spend more time than workers in general, so that it affects their rest time... this condition may be very common for new traders, because they still need high flying hours to be able to reach a professional level...

In addition, this also depends on the character of each individual... people who are too diligent and worried about failure may continue to try even though they have to be stressed or depressed... it's all for the sake of ambition... while lazy people tend to only learn with minimal effort.

[dansus021]

Crypto Trading May Cause Lower Quality Of Life And Higher StressSeriously tho this happen to me a year ago when I'm still active on futures market and stress cant sleep and lot of thing happen including mood swing aswell. Tho now I'm prefer doing spot trade that don't have leverage so its kinda safe for me.

Second in the past 4 days i tried futures again but this time I only trade when I woke up and close before I sleep no matter how much profit do I have Im gonna close it in the end of the day, and little bit advice just put your daily target mine is 10 USD is very small but is much here in Indonesia after I reached the target I don't open the trade.

[Woodie]

Clearly these studies are bias and incomplete!!

For starters trading crypto is as good as trading any other asset other like Nasdaq, EU, gold,silver you name it, and crypto being a new asset just invalidates these findings because what are the studies showing about these other assets that have existed before it ??

As far as I know trading is the same, so if trading crypto causes stress then all traders can be declared to be stressed too!!

[Rruchi man]

I think many of the impact also applies to trading in general. But i certainly disagree that cryptocurrency trading share trait with gambling, unless the trader choose new or meme coins. Your opinion is greatly appreciated.

Any attempt to better your life is a risk, and although you may face the experience of a lower quality of life and higher stress, it is just temporary. If you choose the easy part of not trying to learn something new, or undergoing the stress of learning just so you can remain comfortable, you may later land yourself in a situation later in life where the quality of your life will be low almost without any remedy again and you will be undergoing a lot of stress from life and maybe from others around you that expected more or should be depending on you.

If you're undergoing stress from trying to learn how to trade, just give it time because trading takes time to learn, and if you've noticed that you're having difficulties learning these things on your own, it is also advisable that you seek a mentor to help you out and guide you through the process so that you can stay encouraged.

[Bobcrypto]

I disagree with the academics, and obviously everything we do on the Earth without getting the desired results can cause stress and low quality of life, this is not peculiar with trading cryptocurrency alone.
Many activities we engaged ourselves without getting it right brings low quality of of life or higher stress especially when it comes to doing business or one trying to acquiring wealth through special skills acquisition, businesses, sports etc
 
For instance, a person learning how to trade, acquire certain skills that involve financial gains/losses will face higher stress and low quality of life.

[NotATether]

In other news; water is wet.

I disagree with the academics, and obviously everything we do on the Earth without getting the desired results can cause stress and low quality of life, this is not peculiar with trading cryptocurrency alone.

But it's true. You have all these people staring at their computer screens trying to make money from nothing. Of course that is going to stress them out if they can't do it and particularly if they lose money in the process. Most hobbies do not involve putting money on the line to lose, unless gambling is one of your pastimes.

[electronicash]

I disagree with the academics, and obviously everything we do on the Earth without getting the desired results can cause stress and low quality of life, this is not peculiar with trading cryptocurrency alone.
Many activities we engaged ourselves without getting it right brings low quality of of life or higher stress especially when it comes to doing business or one trying to acquiring wealth through special skills acquisition, businesses, sports etc
 
For instance, a person learning how to trade, acquire certain skills that involve financial gains/losses will face higher stress and low quality of life.

especially if they are losing money instead. it affects every aspect of a man who about to break while he is paying his bills all his money is also at risk especially that bear market comes very unexpected for a trader to be.

low quality of life is when everyday the traders will start worrying and finding a new job and worry about what to eat the next day. it worse if he has a family to feed. they'd be homeless in months.

[Kemarit]

I disagree with the academics, and obviously everything we do on the Earth without getting the desired results can cause stress and low quality of life, this is not peculiar with trading cryptocurrency alone.
Many activities we engaged ourselves without getting it right brings low quality of of life or higher stress especially when it comes to doing business or one trying to acquiring wealth through special skills acquisition, businesses, sports etc
 
For instance, a person learning how to trade, acquire certain skills that involve financial gains/losses will face higher stress and low quality of life.

Yeah, makes us wonder why they single out crypto trading as the main source of stress, LOL. But it doesn't matter, I mean, we really know the numbers. Perhaps there could be some crypto traders that are stress because they are losing money.

Nevertheless, everything is life is stressful, stock trading, even those billionaire right now, at some point where they are acquiring their wealth, has undergone the stress. The thing is that it's how we handle this stress in order to be a successful crypto trader.

[Bobcrypto]

Some people are successful in trading, like 5 to 10% of traders. The remaining 90 to 95% of traders are losing. Most successful traders are likely to be swing traders. Swing trading is similar to holding in short term. But day trading is not. Day trading will take more time and it is very stressful. The stress is not only the down side, it is also taking money as the traders are losing.

Your fact are not correct at all. You should share your proof that 90 to 100% of traders are losing on the crypto market, and I will tell you that 90% of crypto traders are gaining or making profit every day.
I am a trader, gone past basic levels, approaching advanced level, I can boost of making profits on the weekly basis with a very minimal losses that is, if I decide to close my positions probably because of fear of a likely heavy dumps.

Note that if you dont have experience or you have not acquire some lessons on the act of trading, you have no business trading crypto.Trading is profitable only for those who had leant and obtained seasons experiences over times.

[Z-tight]

Crypto Trading May Cause Lower Quality Of Life And Higher StressSeriously tho this happen to me a year ago when I'm still active on futures market and stress cant sleep and lot of thing happen including mood swing aswell. Tho now I'm prefer doing spot trade that don't have leverage so its kinda safe for me. .

That is the point, it is not just crypto trading, any similar activity will also cause stress for those who partake in it, i gave an earlier example using sports betting, people who gamble are also going to experience high stress levels, even forex traders too. If you are trying to make money in any of these ways, you are surely going to feel the stress.

[MrSpasybo]

Yeah, makes us wonder why they single out crypto trading as the main source of stress, LOL. But it doesn't matter, I mean, we really know the numbers. Perhaps there could be some crypto traders that are stress because they are losing money.

Nevertheless, everything is life is stressful, stock trading, even those billionaire right now, at some point where they are acquiring their wealth, has undergone the stress. The thing is that it's how we handle this stress in order to be a successful crypto trader.

Financial markets consistently produce more losers than winners, a fundamental aspect of their functioning. This underscores the inherent risk and stress associated with financial investments. Crypto, forex, commodities, and equities have all given rise to countless stressed and irrational traders.

To mitigate stress, traders must possess a solid understanding of the market and a clear vision. Detailed trading plans and well-founded confidence can alleviate stress. A stop-loss order provides peace of mind, limiting potential losses to 1-2 % of the account in the worst-case scenario.

[Asiska02]

I think many of the impact also applies to trading in general. But i certainly disagree that cryptocurrency trading share trait with gambling, unless the trader choose new or meme coins. Your opinion is greatly appreciated.

This assessment published in the journals of mental health policy and economics have done a great research and even without further scrutinizing their findings, I totally agree with the results of their claim. Trading involves a lot of mental health as the stress and the many emotions in them can cause sleepless nights and anxiety always. This is to say how trading has to do a lot with the psychology of one and somethings that needs to be considered when engaging in trading.

Non-traders will have sound sleep much more better than those that are trading. When you’ve made up your mind to become a trader, the first thing that comes to mind is on how to become profitable, from there the thoughts of losing and winning will always be ringing in your mind and troubles you. When a trade is placed, it becomes a necessity for whole of your mind to begin trouble you towards thinking on what the outcome of the trade will be, whether positively or negatively, it’ll definitely affect the way you think about it.

[Faisal2202]

I think many of the impact also applies to trading in general. But i certainly disagree that cryptocurrency trading share trait with gambling, unless the trader choose new or meme coins. Your opinion is greatly appreciated.

I doubt they mentioned anywhere that it shares a trait with gambling, while gambling is a total loss mentally and financially. Trading is stressful work, everything in this world nowadays is stressful if you are making less money, and if you have some rules to follow (like a religious dude follows), then making money becomes a little hard because this world is full of ways to break those rules.

In short, if we are working and trading, or running our own business, we are under constant pressure, and stress and we think a lot about our business and how can we increase our sales, etc. I think stress is everywhere so we don't have to compare ourselves with nontrading peers. Because nontrading peers are either free or have a source of income they don't care so much (I wonder if there is any). Every work needs attention and without it, we can't really make money in the long run.