Amid crypto crash, trading can be an addiction: It's 'taking over my whole life'

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In light of the crypto crisis, we've taken down the hard paywall on this story.

“Since the start of the pandemic, on average I’ll get two clients a month who’ve never stepped foot into a casino and have never placed a bet but now have a full-fledged gambling disorder because of this unhealthy relationship with online money,” said Timothy W. Fong, a professor of psychiatry and co-director of the UCLA Gambling Studies Program.

“It is not a general knowledge issue among mental health clinicians because it’s so new,” he said. “I presented to one group about what I thought were the basics of crypto and blockchain, and the most common comment I got back: ‘You gave me a headache.’” She was suffering from what many investors call crypto FOMO, or the fear of missing out on the latest developments in the fast-moving and extremely speculative world of digital currency, where prices can fluctuate wildly in a single day or a surprise NFT project might launch in the middle of the night. At her lowest point, Byrne said, she was looking at her crypto apps every 10 minutes during her waking hours.

He now gets eight hours of sleep a night, wakes up early, uses a software program that blocks his cryptocurrency apps for seven hours, prioritizes walks and working out, and adheres to a no-screens rule at night.You can’t put a price on love, but Amber Kelleher-Andrews has put a price on finding it: $30,000 to $300,000 a year for her elite matchmaking services.

 

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If you are struggling with a gambling addiction or mental health crisis, here are some resources: National Suicide Prevention Lifeline: 800-273-8255 The National Council on Problem Gambling: 1-800-522-4700 California Council on Problem Gambling: 1-800- 426-2537

You refused to take down the paywall at the onset of COVID-19 in 2020 when the public actually needed information but you are doing it for THIS? Truly despicable.

If you are struggling with a gambling addiciton or mental health crisis, here are some resources: National Suicide Prevention Lifeline 800-273-8255 The National Council on Problem Gambling Helpline 1-800-522-4700 California Council on Problem Gambling 1-800- 426-2537

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