Volatility is much more than lines on a chart. Losses in the market are having an undeniable effect on mental health, with some countries launching specialized programs to address problems related to digital asset trading.
Scientists from the Queensland University of Technology in Australia recentlya study in April regarding who is most susceptible to crypto addiction and which personalities should pay special attention to their mental health while trading.
Those who are prone to crypto addiction are people who love gambling and don’t really trust authorities. A strong desire to have nothing to do with the state makes such people turn to cryptocurrency. People who like to deceive and manipulate others for the sake of their own interests, such as cynical and prudent people, are also prone to a crypto addiction.
Narcissists are also susceptible to crypto addiction. Such individuals are usually incredibly confident and, therefore, prone to risky investments. At the same time, they prefer to focus on the positive side of life, believe in their bright future and think that nothing bad can happen to them. This unshakable self-confidence is what drives narcissists to take risks and buy cryptocurrencies.
People with a high level of psychopathy are characterized by heartlessness, low emotional intelligence and a lack of empathy. Such people usually have reduced emotional reactions, which makes them resistant to stress and anxiety, so they probably like risk. In addition, psychopaths are impulsive. This quality, combined with a propensity for risky behavior, makes them prone to risky trading behavior. They are afraid of afraid missing out on the benefits that others might receive.
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