Crypto Trading And Happiness

'
happiness

A 2011 study was conducted using hospital records in California. After a three year assessment of the data collected from the study, there was found to be an inverse relationship between the number of hospital admissions and the daily stock returns.

The results in the study were not particularly shocking. The study confirmed that fluctuations in the stock market have a direct impact on investors’ health. Conductors of the study realized that the increase of hospitalization rate in the state of California could be tied back to low stock prices two days earlier. Issues relating to mental illness were found to be prominent during this period. Therefore there was a conclusion that investments affect the well-being of the investor.

The Crypto Connection

As mentioned earlier, these findings were not shocking. Fluctuations in prices affect everyone’s mood. When prices dip, we often become sad, resented, depressed and sometimes angry. In fact, you would be abnormal if you don’t feel anything. The point is, the same can be said with cryptocurrencies.

The report also backed an observation made in 1987 when the stock markets crashed on a global scale. You can imagine the number of hospital admissions worldwide. Issues of mental health were exceedingly rampant.

More studies probing this phenomenon have been conducted and have given even more accurate findings onto possible causes of such health issues. An even more intensive research sought out to answer more questions on the affected individuals. It found that individuals who have large stock holdings are particularly more likely to be affected by mental health issues than the rest.

To paint a statistical picture of the situation; the research showed that if respondents lost $250,000, chances of a depression hitting them increased by 50%. While this research targeted the broader market field, cryptocurrency market is within this boundaries. Market bubbles and burst affect us all in the same way it does to stock investors. A significant drop in crypto prices undoubtedly shakes investors into stress.

Crypto Volatility = A Roller Coaster Of Emotions

Image result for Crypto Trading And Happiness

With crypto, however, it’s slightly different. While the stock prices can be expected to fall due to economic performances, crypto’s dipping is largely unexpected. Hence investors more likely to suffer.

Bitcoin has been known to reach massive peaks and drop in equal margins unpredictably, same with other cryptocurrencies. So what does it mean to your mental health as an investor?

When making decisions on something as rewarding yet risky as bitcoin, the decisions are bound to be hard. In the past, investors have faced quite a lot of anxiety with the bubbles and burst that have rocked the crypto markets.

It’s vital that you minimize the mental and psychological toll you are giving yourself. Ask yourself these three questions as recommended by Merriman Wealth Management’s founder Paul Merriman;
• Has the investment affected my sleep?
• Have I started following financial news constantly?
• Have I started worrying about the future when I watch the financial news?
If your answers are yes, then know that there is more at risk than you know.

Money And Happiness

You see, money and happiness is a complicated relationship. While levels of happiness decrease when money is lost, the opposite is not necessarily true. And a study in 1978 backs this conclusion.

Major lottery winners were put to test in a control group and their happiness compared. If was found that:
• Their happiness level wasn’t more than the group’s
• The lottery win didn’t raise their happiness level and they had before the win,
• They started becoming less happy with ordinary tasks.
Now, think about that.

10 Comments

  • Avatar

    nike react

    December 17, 2018 - 5:29 am

    I would like to show some thanks to the writer for bailing me out of this particular scenario. After checking through the search engines and obtaining ways which are not helpful, I figured my entire life was over. Living without the approaches to the issues you have resolved by way of your good report is a critical case, as well as ones that might have badly damaged my career if I had not come across your web site. Your main skills and kindness in touching a lot of stuff was vital. I’m not sure what I would have done if I hadn’t come upon such a step like this. I am able to at this moment look forward to my future. Thanks very much for this skilled and result oriented guide. I will not hesitate to recommend your blog to any person who ought to have tips on this problem.

  • Avatar

    nike shoes for men

    December 18, 2018 - 6:59 am

    My spouse and i have been now lucky when Michael could finish off his homework from your precious recommendations he came across in your web page. It’s not at all simplistic to just continually be releasing thoughts which a number of people have been selling. And we all recognize we’ve got the writer to be grateful to because of that. All of the illustrations you made, the simple site navigation, the relationships you will assist to foster – it is many fantastic, and it’s really making our son and us reason why that content is thrilling, which is certainly exceptionally mandatory. Thanks for all the pieces!

  • Avatar

    nike react

    December 19, 2018 - 9:23 am

    Thank you a lot for giving everyone such a memorable opportunity to read critical reviews from this web site. It is usually very cool plus full of fun for me and my office friends to visit your blog the equivalent of three times a week to see the new items you have. And definitely, we’re actually astounded with the attractive things you serve. Certain two points in this post are certainly the most efficient I have ever had.

    • DailyUmbe

      DailyUmbe

      December 19, 2018 - 9:52 am

      Hi, thank you so much. We do our best!

  • Avatar

    yeezy boost

    December 20, 2018 - 5:10 pm

    I simply had to appreciate you all over again. I am not sure what I could possibly have gone through without the actual creative ideas shown by you regarding this industry. It previously was an absolute intimidating setting for me personally, but being able to see the specialized technique you dealt with it forced me to jump over fulfillment. Now i am happier for this guidance as well as expect you realize what a great job you are undertaking training other individuals thru your webpage. I’m certain you have never got to know all of us.

  • Avatar

    balenciaga sneakers

    December 23, 2018 - 4:29 am

    A lot of thanks for your whole labor on this web page. Kim take interest in carrying out internet research and it’s really easy to understand why. My partner and i know all concerning the dynamic form you offer worthwhile strategies by means of the blog and therefore boost response from some others about this area then our daughter has always been discovering a lot of things. Enjoy the remaining portion of the new year. You’re conducting a wonderful job.

  • Avatar

    jordan 12

    December 24, 2018 - 6:40 am

    I wanted to write you the bit of word to finally say thanks over again about the exceptional guidelines you have contributed on this page. This has been simply pretty generous with you in giving extensively just what many of us could have advertised as an ebook to generate some cash on their own, most notably since you could possibly have tried it if you ever desired. Those things in addition acted to provide a fantastic way to be certain that the rest have a similar zeal similar to mine to see great deal more concerning this problem. I’m sure there are a lot more pleasant instances ahead for folks who read carefully your site.

  • Avatar

    links of london

    December 25, 2018 - 4:45 am

    I in addition to my friends appeared to be reading through the great points on your website and immediately came up with a horrible suspicion I never expressed respect to the site owner for those techniques. All the boys were for this reason very interested to read through them and now have definitely been having fun with those things. Thank you for turning out to be quite thoughtful as well as for picking out certain wonderful subject matter millions of individuals are really desirous to know about. My very own sincere apologies for not saying thanks to sooner.

  • Avatar

    longchamp handbags

    December 26, 2018 - 3:37 am

    I actually wanted to construct a comment to thank you for all the great guides you are showing on this website. My incredibly long internet search has now been paid with good points to talk about with my companions. I would repeat that most of us site visitors actually are really fortunate to live in a fantastic website with many wonderful people with useful tricks. I feel very much grateful to have encountered the weblog and look forward to so many more brilliant minutes reading here. Thanks a lot once again for all the details.

  • Avatar

    air jordan 13

    December 28, 2018 - 11:53 am

    A lot of thanks for all your efforts on this blog. My aunt really likes getting into investigations and it is obvious why. A lot of people know all about the powerful medium you provide good techniques via your website and boost response from other people on that content so our favorite simple princess is without a doubt becoming educated a great deal. Enjoy the remaining portion of the year. You are carrying out a splendid job.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Share via