By What Means Does Crypto Losses Impact Investors Mental Health?

The stimulating high and the overwhelming low of cryptocurrency price can cause addiction and at the same time cause a poor mental health like depression and anxiety to some cryptocurrency Investors. Even to those who understand cryptocurrency investment, some investors who have zero experience about cryptocurrency investment are subjected to emotional pressure from the cryptocurrency losses.

The repercussions of important crypto losses can be more upsetting than universalization about the efficacy the little gain or loss might entail and an investor can suffer a loss aversion the more they losses money.

In comparison to the little losses that can be easily made up of with the short term you changes in the consumption patterns. but in this situation, to make up for the wealth losses can only be made of over some years and that is with positive crypto market returns.

So if an individual was unable to recover the substantial wealth losses for over a long period of time, it will have negative effect on the investor and started having impact on their mental health. The example of that is LUNA, it is one of the ten most favored cryptocurrency but within the twinkle of an eye, its price crash by more than 98% within a day which cause excruciating distress among the Investors because the have lost a meaningful amount of money without them know the risk they are taking. As time goes on, the fear and the failure in their cryptocurrency investments serve as heavy blow to them and this losses can lead to depression and anxiety among the affected people.

It is very important to do your own research before investing in crypto and only invest the money that you can afford to lose.

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