Is the crypto world addictive? Why can't we quit?
1. The fantasy of getting rich quickly: Doubling your money in 10 minutes, who wouldn't be tempted? The legend of "waking up to find two more zeros in your account" is shared every day. Bitcoin, Dogecoin, Shitcoin… every story is like a lottery advertisement, making people think: "What if I’m the chosen one?"
The truth: It’s just survivor bias; the people who lose money quietly exit, and only the stories of getting rich circulate.
2. The thrill of the game: 24-hour trading, more exciting than binge-watching shows. Watching the charts at 3 AM, your heart rides the roller coaster with the candlesticks. When prices go up, you think "let's make another profit," and when they drop, you think "time to buy the dip and turn it around." The dopamine rush is more addictive than coffee.
3. Information anxiety: Afraid of missing out, afraid to put down your phone.
Gossip, big shots making calls, KOL analysis… endless groups and Twitter feeds.
You always feel like "if I let go, I’ll miss the key to wealth," resulting in increasing anxiety and addiction, living as a "slave to information."
4. Community validation: Finding a sense of belonging to an "organization."
When you lose, someone comforts you; when you earn, there’s collective celebration. This illusion makes it hard to leave.
5. Sunk cost: Having already lost, how can you quit?
"I’ll walk away once I break even" is the biggest lie. Losing 100,000 and wanting to make it back, making 100,000 and wanting to turn it into 1,000,000… The gambler's mentality + loss aversion traps both your wallet and your rationality.
6. Illusion of freedom: Thinking you’re fighting against the "traditional system."
The crypto world touts a "decentralized freedom revolution," leading people to mistakenly believe that trading coins equals controlling their destiny. In reality… it might just be a change in the field of chives.
7. Instant feedback: Working for a year is less rewarding than trading coins for a day. Waiting six months for a raise at your job, while in the crypto world, gains and losses are counted by the second. This rapid, certain feedback, akin to completing a game, makes it hard to stop, even if the outcome is negative feedback.
In conclusion:
The crypto world is not hell, but it is not heaven either. It is merely a mirror that magnifies human greed, fear, and fragility. What you are addicted to may not be money, but that "desire for a quick change in fate" within yourself.