Is the cryptocurrency trading boom creating a new generation of addicts?
Today in Focus
The Guardian
4.5 • 778 Ratings
🗓️ 8 February 2022
⏱️ 30 minutes
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| 0:00.0 | This is the Guardian. |
| 0:08.1 | Today, the dangers of gambling addiction are well understood. |
| 0:13.2 | But what about when it comes to cryptocurrency trading? |
| 0:23.3 | I definitely found it really tempting to look at it at all hours of the day. |
| 0:27.0 | The Guardian's Rob Davies has been fighting an itch that just won't let up. |
| 0:31.9 | And that's kind of pointless because for the most part, |
| 0:34.8 | even cryptocurrencies which are quite volatile compared to some other types of financial instrument, |
| 0:39.2 | they don't ping around wildly from one hour to another. |
| 0:43.2 | But it is really tempting to go back and just see if you're up a little bit or down a little bit. |
| 0:47.8 | For his reporting on the business desk, |
| 0:50.1 | Rob downloaded a cryptocurrency trading platform |
| 0:53.1 | and invested some money to see how it all works. |
| 0:56.8 | I mean, as it happens, the timing of the article that I was writing meant that |
| 1:00.8 | I bought when Bitcoin and Ethereum and some of the other currencies I bought into were quite high. |
| 1:05.7 | And they've pretty much declined every day since. |
| 1:09.2 | That'll go well with expenses. |
| 1:11.2 | Right, exactly. We only bought a little bit, I should stress. |
| 1:14.1 | I mean, I think if I'd bought it at a point when it suddenly went up, |
| 1:17.3 | I would have got much more of a rush. |
| 1:19.2 | It's like gambling, actually, in that respect. |
| 1:20.8 | And that if you win early, that's often the worst thing that can happen |
| 1:24.5 | because you're always looking to recreate that feeling. |
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