The results of a survey show that digital currency trading can in some cases have adverse effects on people’s mental health and social relationships and increase anxiety, depression, insomnia and the like.
to the Report CryptoSlate, The Sleep Judge, a company specializing in the production of sleeping goods, surveyed 1,014 American citizens to examine investor habits and the impact of 24-hour digital currency trading on mental health. Is the one that creates the most anxiety for their investors.
SleepJaj has put under the microscope how Americans look at their investments from time to time, and how trading in the digital currency market has affected their sleep and social relationships.
Less money, less sleep!
The company’s polls show that those born between 1965 and 1980 are more exposed to digital currencies than others, and that 70 percent of the generation has invested in the market. Sixty-eight percent of those born in the Explosion Generation (1946 to 1964) and 67 percent of those born in the Millennium Generation (1981 to 1996) also said they had invested in the digital currency market. The results show that less than 50% of those born between 1997 and 2012 had experience investing in digital currencies.
The biggest difference between the behaviors of different generations is revealed when they are asked about the reasons for investing in digital currencies, according to the SleepJaj report. Fifty-seven percent of those born in the explosion generation have invested in digital currencies to spend their retirement, while 49 percent of millennials have entered the market to make money quickly.
Surveys show that most digital currency investors check their assets on a weekly basis, yet 50% of those born between 1997 and 2012 do so on a daily basis.
About 70% of those who do not invest in digital currencies say that their sleep quality is good to excellent. The results of this survey show that for 63% of digital currency investors, there is a clear correlation between the amount of money they have allocated to this market and the quality of their sleep.
Those who invested less than $ 1,000 reported fewer bedtime than those with more than $ 1,000 in digital currency. SlipJaj has come to the conclusion that people with less investment may stay up at night thinking about ways to increase their wealth, worrying that a market downturn will devalue their assets.
Also read: Sharing a Truth; No one gets rich with the profit of trading!
Which currencies cause the most anxiety for their investors?
SleepJage concludes its report by examining the impact of digital currency trading on mental health.
74% of those born in the Explosion Generation are worried about the future of their investment in digital currencies, and in addition, 66% of those born in the Millennium Generation, 61% of those born between 1965 and 1980, and 56% of those born between 1997 and 2012 also expressed this concern. They are worried.
The company’s research shows that digital currency market investors have experienced more anxiety than traditional financial market investors. 71% of digital currency investors and 63.9% of traditional investors said that the thought of losing all their assets makes them anxious.
If we want to examine the psychological effects of transactions by different currencies, bitcoin holders have reported the least amount of anxiety and depression compared to other investors in digital currencies. On the other hand, Ripple, Stellar and Polkadot traders are more anxious and depressed than other digital currency market investors.
The report also found that digital currency holders were less satisfied with their marital relationships and dealings with their children or parents than those who did not invest in the market.
Since the digital currency market is active 24 hours a day, 7 days a week and never stops, trading can be just as addictive as gambling. New research shows that financial market ups and downs can lead to mental disorders such as anxiety, worry and depression.