Crypto adoption

Crypto Trading : A detox center for addicts, over 90,000 euros to cure

 Are you one of those people who are addicted to cryptocurrencies trading? There are now therapies at $ 90,000 per week that offer to cure you of this addiction.

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An addiction similar to drugs

A $90,000-a-week Swiss detox center, or rather a Skype session with a psychologist: mental health professionals help you get out of the cryptocurrency addiction, even if it means paying a high price.

The cryptocurrency market is making headlines and attracting more and more investors. Cryptocurrency is a type of digital currency with which you can buy goods or services. They can be traded or invested in, but are extremely volatile. 

Many internet users are looking to get rich by investing in these digital currencies like Bitcoin, Ether, Shiba inu, Dogecoin, etc. To maximize their earnings, others are getting into cryptocurrency trading.

Today, there are many platforms for trading cryptocurrencies, including Binance, which offers a wide range of derivatives as well as video guides and training on how to use them.

Trading involves buying and selling a token in a short period of time. You buy a fraction of a cryptocurrency when the price is low, and sell when the price is high. The most experienced traders use leverage, which increases the gains but increases the risk of losing everything.  Volatility, leverage, multiplied gains and the promise of riches: to profit from trading, you need strong nerves and a strong mind.

In addition to the various risks of trading such as scams, market risks and unscrupulous brokers, trading addiction is also a major risk to your capital. Trading is a challenging, exciting and rewarding activity. But there are factors that can steer trading straight into an addiction similar to drugs

As Bloomberg reports, some traders become addicted to their activities, in the same way that a poker player becomes addicted to gambling. Trading crypto-assets becomes a need, a drive and a pathological contingency, the media outlet points out, having interviewed several health professionals.

According to “a growing number of mental health professionals,” cryptocurrency trading has a gambling-like impact on the brain. The trader then starts investing to activate the dopamine receptors in his brain. Having become addicted to his activity, he behaves like a drug addict. He develops depressive episodes, becomes insomniac and neglects his private life. This is especially true since the cryptocurrency market is continuously accessible, 24/7, unlike the stock market. Dylan Kerr, a therapist who has treated 15 crypto-addicts to recovery from addiction explained : 

It’s very similar to being at a roulette table. It seems endless, and it demands your attention. If you take your eyes off the prize, you could miss massive opportunities and incur massive penalties.

A crypto-therapy?

Against this backdrop, some therapeutic centers dedicated to fighting addiction have developed offerings tailored to help crypto addicts. This is notably the case of Paracelsus Recovery, a luxury detoxification center located in London and Zurich. The center recently launched a dedicated offering for cryptocurrency traders.
A one-week therapy, with luxury suite and high-end service, is offered. A private clinic based in Scotland also offers therapy for trading addicts. Since 2016, the facility claims to have helped cure more than 100 people.
The clinic offers online therapy sessions at €484 per hour, a 7-day detox program at €96,000 and a one-month residential treatment at €348,000. According to Jan Gerber, the head of the private clinic, inquiries about the therapy focused on cryptocurrency trading increased by 300% between 2018 and 2021.
The same is true in Scotland, where the Castle Craig luxury clinic claims to have treated more than 100 cryptocurrency trading addicts since 2016. The facility’s therapist has developed a 12-step recovery process similar to Alcoholics Anonymous.
Despite the increase in cases, Aaron Sternlicht says there is “not enough research” on the topic yet to properly diagnose patients. Often, individuals who say they are addicted to trading have developed more traditional addictions to alcohol, drugs or medication.

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