Can’t stop checking apps and hoping Bitcoin finally recovers? A hospital in Scotland thinks you might have a gambling problem.
Castle Craig Hospital, the Scotland’s largest addiction treatment facility, has just opened a new center in Peeblesshire dedicated to helping cryptocurrency addicts. Bitcoin, Ether, Monero, crypto-trading etc. might be new buzzwords but experts think they exploit the very old and dangerous gambling addiction.
“The high risk, fluctuating cryptocurrency market appeals to the problem gambler. It provides excitement and an escape from reality. Bitcoin, for example, has been heavily traded and huge gains and losses were made. It’s a classic bubble situation,” says one of the therapists working at the Castle Craig Hospital.
Another employee points out that digital currency enthusiasts could be motivated by escapism and a disappointment with the world they live in.
“I see cryptocurrency trading as a way for people to escape from themselves, into another world, because they don’t like the world they’re in,” explained Tony Marini, a former gambling and cocaine addict who will provide treatments at the Castle Craig Hospital.
After seeing reports about people taking on new mortgages to buy Bitcoin, perhaps this program is needed even beyond Scotland. If you are worried that you or someone you know might be a crypto-addict, Castle Craig provided a list of symptoms to check and see if that’s the case. Here are just a few of them:
Do I carry on trading in cryptocurrency after losing money – to try to gain it back?
Have I ever fibbed to other people about how much time or money I spend trading in cryptocurrency?
Have I ever taken money unlawfully to fund my cryptocurrency addiction?
You can find the rest of the symptoms and more information on cryptocurrency addiction here.