It all begins innocently: a random post on social media, a curious click on a crypto exchange link, and a first purchase of ”just a little, just to try.” Before you know it, you’re on an emotional rollercoaster while your finances hit rock bottom.
We have prepared a checklist of the main signs of toxic relationships with cryptocurrency. Check yourself and be honest — perhaps it’s time for a change.
❗ Disclaimer: This is not medical advice. Consultation with a specialist is required. No crypto-loving trader was harmed in the writing of this article.
Crypto Gaslighting and Social Isolation
You see how cryptocurrency is destroying your life, yet you continue to hodl regardless and believe that you just need to push a little harder: “A 70% drop in the last month? That’s nothing; the market is just consolidating. Besides, I’m still in the green on the yearly chart.”
Friends have distanced themselves because they are tired of looking at your collection of NFT monkeys and listening to you explain why PoS is better than PoW and what codes are trending today. You’ve stopped going to the movies because they don’t show crypto-related content, and at family dinners, you talk about how Dogecoin changed your life.
Your favorite phrase:
“Everything isn’t as bad as it seems; I just need to try a little harder.”
Altcoin Addiction and Crypto Control
Your mood depends on where your cryptocurrency is headed today, and your heartbeat mirrors the daily chart of your favorite coin. When it rises, you rejoice; when it falls, you plunge into depression.
You have trading apps on all your devices, including smartwatches and smart home devices, and your smartphone thinks TradingView is your significant other given how much time you spend in the app.
You’ve stopped sleeping because the Asian session is more important than healthy rest, checking charts every ten minutes— even at night. After all, if you monitor the market 24/7, nothing bad will happen to your crypto.
Your favorite phrase:
“I can quit anytime; it’s just not the right moment.”
Denial of Problems and Shifting Blame
You have financial troubles: ten loans from various banks, letters from collectors in your mailbox, and emptiness in the fridge. Yet you are convinced that the moon landing is just around the corner. You feel everything is under control while blaming circumstances and whale conspiracies for losing your entire deposit and that of your friend’s as well as selling all reachable real estate.
Your favorite phrase:
“Losing 90% of my deposit is fine; I’m in control! The market is just volatile right now.”
Financial Abuse and Bitcoin Swings
Cryptocurrency constantly drains your money while promising to “return with interest soon,” yet demands more and more investments. It expertly swings you on emotional highs and lows: sometimes it teases with growth and hope, then suddenly crashes. Crypto empties your wallet, but you continue to believe that one day it will “turn around” and gift you a Lamborghini.
You swing from love to hate: today crypto is the future and the best thing that ever happened to you; tomorrow you curse the day you registered your first crypto wallet. Your life resembles a rollercoaster ride—mostly screaming in terror with occasional moments of catching your breath.
Your favorite phrase:
“I can’t just walk away; once I get my money back, then I’ll cut ties for good.”
FOMO Abuse and Constant Tension
You always feel like you’re missing out on something. You subscribe to every crypto channel on Telegram and fear missing even one post because it might contain that crucial signal. You’re already neck-deep in crypto, but then a new token appears, making you anxious about missing “the next Bitcoin.” Every tweet from Elon Musk sends you into a panic, while news about crypto regulation makes you nervously bite your nails.
After trading or checking charts, you feel exhausted, depressed, or worthless—especially if you realize that you bought at the peak and sold at the bottom.
Your favorite phrase:
“This time will definitely be different.”
How to Exit Toxic Relationships with Crypto
If you’ve recognized yourself in one or more points, it may be time to sever ties with toxic relationships:
- Set up two-factor authentication for your heart.
- Create healthy boundaries between yourself and charts.
- Remember that life exists beyond crypto exchanges.
- Learn to say a firm “no” to dubious tokens.
Healthy relationships with cryptocurrency are possible. The key is to remember that you should only invest money that you’re willing to lose and not allow crypto to manipulate your wallet or emotions.
If you feel unable to exit toxic relationships with cryptocurrency independently, seek help from a financial advisor or psychologist. Sometimes “selling everything” isn’t a sign of weakness but rather common sense.
Even if you’ve bought at an all-time high — this isn’t a reason to spend the rest of your life in toxic relationships with charts. Your mental health is more important than any potential profits.
This article was originally Posted on Coinpaper.com
