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Guide to Cryptocurrency Addiction—Bitrue Invite Code: WQWEZGZ (Claim Sign-up Bonus)
Cryptocurrency addiction is the compulsive trading in
cryptocurrencies and related activities with resulting negative consequences on
a person’s life. Cryptocurrency addiction is a behavioral addiction, similar
to gambling addiction, and disrupts or damages personal, family relationships
& recreational pursuits. This guide will help you find out more about this
modern-day epidemic.
What Are the Dangers
of Cryptocurrency Addiction?
Cryptocurrency addiction can result in many mental health
issues or conditions that require treatment along with other negative social
and physical aspects. Some results of addiction can include the following:
• Financial problems such as debt, exponential borrowing,
stealing, or bankruptcy
• Mental health problems including depression, anxiety,
stress, and possible suicidal thoughts
• Feelings of shame or hopelessness
• Neglect of work and school
• Negatively impacted relationships
• Increased potential for substance abuse
What Are the Symptoms
of Cryptocurrency Addiction?
Cryptocurrency addiction can result in many unwanted
symptoms such as the following:
• Failure to stop trading
• Obsessing over cryptocurrency during daily activities
• Hiding monetary losses from family members
• Lying
• Stealing or borrowing money
• Loss of interest in activities that do not involve
cryptocurrency
• Lack of sleep
• Spending money meant for bills on trading
• Spending large amounts of time on trading
Is a cryptocurrency
trading addiction a problem for me? Do I have a cryptocurrency addiction
problem?
Answer ‘yes’ or ‘no’ to each of these questions:
- Do
I spend a lot of time thinking about different types of cryptocurrency?
- Am
I spending large amounts on cryptocurrency?
- Have
I tried to slow down or completely stop cryptocurrency trading – but not
been able to?
- Do
I become restless or irritable if I try to cut down my screen time
related to cryptocurrency?
- Do
I jump on the computer and start trading in cryptocurrency to escape
from life’s problems or to try to elevate my mood?
- 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?
- Has
my cryptocurrency trading habit had an effect on my relationships or my
job?
- Do
I try to get other people to lend me money when I have lost on
investment?
If you have answered ‘yes’
- Just
once – maybe a problem – this one thing may be enough of a
problem to need help.
- Three
times – Addicted to cryptocurrency – your cryptocurrency
trading habit probably feels out of control – think about getting help.
- Five
or more times – Pathological cryptocurrency addict – your
cryptocurrency trading habit is probably affecting every part of your
life – seek help.
Steps to reduce your
cryptocurrency addiction – helping yourself
Although there is no full substitute for qualified
professional help, we have listed below some simple and practical measures to
help treat an addiction to cryptocurrency:
1. Limit the amount of money you spend on cryptocurrencies
Set a limit from the start on how much you are willing to
spend on crypto investments in a session or in a week. Stick to it!
If you use a crypto trading account, ask them to place a
limit on it – say £50 – this helps to curb your spending.
On payday, you should aim to pay all your priority debts
first (rent, food, council tax, mortgage, etc…)
2. Reduce the amount of time and days that you trade in
cryptocurrencies
Set yourself a limit on how many times a week you will trade
in cryptocurrencies (e.g. once or twice a week) – be specific and name the
days.
Avoid those “I’ll just have a quick look” scenarios.
You can set an alarm to remind you – use your watch or phone
– even your laptop or PC has a calendar alert you can use.
3. Don’t view cryptocurrency trading as your primary way of
making money
Always remember that you are participating in uncontrollable
probabilities.
Be Always prepared to lose your investment – if your chosen
cryptocurrency gains in value, know that it will happen by chance.
Never spend any of your savings or investments on
cryptocurrencies.
Remind friends and family never to lend you any money if you
ask them.
4. Spend your time on other activities
Spend more of your time with your family or friends.
Consider taking up a new hobby or interest – may be revisit
one that you enjoyed before cryptocurrency took over.
Join a new social group or organise some events with some
friends who don’t have any interest in cryptocurrency.
Talk to other people about your worries & concerns
rather than keeping them ‘bottled’ up.
If you find that you try any or all of the above control
measures and you are unsuccessful, then you should seek professional help.
Remember that it is the dream of people addicted to any kind of activity, to be
able to control what they are doing – very few can do so.
Six Easy Steps to
Invest In Cryptocurrency
To start trading, you will need to set up an account and you
can invest as little as $1 to begin with.
Here are steps that will enable you to trade in these
digital currencies.
Step 1: Select Right Crypto Exchange
Due to the absence of crypto regulation in most countries world-wide, there
is no fixed structure or uniformity to trading in cryptocurrency. But with the
help of the crypto exchanges’ platforms, you can easily buy and sell your
digital currency. Apart from Binance, Bitrue is one of the popular cryptocurrency
exchanges we have at the moment
Step 2: Open a Trading Account
You have to open a trading account at the Crypto exchange of your choice –
See below how to Sign-up for Bitrue
account. This account will be similar to that in a bank. While registering,
the exchange will verify your credentials based on the services you opt for,
the amount you plan to invest, and the available coins trading options. It will
require sharing KYC (Know Your Customer) data and setting up
payment options. For KYC, you may need to submit copies of your PAN card, photo
identity, and address proof. Notably, Crypto exchanges function round the
clock throughout the year, unlike regular stock exchanges.
Step 3: Fund Your Account
After opening an account, you have to transfer some money into the
crypto-trading account to buy cryptocurrencies. You may transfer the funds
online from your bank account to the crypto-trading account. It, however,
requires linking both accounts. Moreover, depending on the policy, you may have
a waiting period before purchasing digital coins.
Step 4: Buying and Investing in Cryptocurrency
Following an account and money transfer, you need to decide on the coins
you intend to invest in. By far, some of the popular ones are Bitcoin, followed
by other altcoins such as Ethereum, Cardano, Binance Coin, Tether, XRP, and
Dogecoin, to list a few.
Step 5: Store your Cryptocurrency
Storage is the most important part after you make your purchases. Crypto
exchanges do not have any formal institution backing them, and they most
assuredly do not carry your average insurance policy. They also face the
uncertainty of being hacked. Therefore, you must store your codes to your
account and your assets securely. It is usually advisable to store your
purchased coins in a crypto wallet.
Step 6: Choose a Strategy
Make an excellent strategy to earn more profits by adopting Elliott Wave
Theory. Elliott Wave Theory concentrates on the psychology behind the market
sentiment, so it acts well for speculative assets like cryptocurrencies.
Moreover, you can get some crypto expert’s opinions that can be beneficial
before expanding one’s investment in cryptocurrency. One should always start
with small investments and study the market carefully instead of blindly
following anybody’s advice.
Bitrue Sign-Up Bonus and Claim the Bitrue Welcome Bonus
Are you interested in joining Bitrue? Are you searching for
a Bitrue invite code? If so, be to use my invite code WQWEZGZ to
receive an exclusive bonus of up to $3000 and 40% off trading fees!
So why wait? Sign up today using my invite code WQWEZGZ and
start enjoying all the benefits that Bitrue has to offer!
If you are a new customer on Bitrue.com, you can avail of
the promo code ‘WQWEZGZ‘ which can be entered on the register page.
By using this referral code, you can trade in cryptocurrency spot trading,
derivatives, and altcoins. The ‘WQWEZGZ‘code is valid for the year 2024.
Additionally, the Bitrue referral code is also valid today
and can be used for trading purposes in your country.
- Newcomer
Benefits: Limited to once per user, complete rookie tasks to earn rewards
- Futures
Rewards: Limited to once per user, complete futures tasks to earn rewards
- Spot
Rewards: Limited to once per user, complete rookie tasks to earn rewards
How to Apply Bitrue Invite Code?
The Bitrue invite code is given to individuals who are yet
to register on the exchange. The code can be used to claim a bonus. Here are
the steps to apply the referral code:
1. Visit the Bitrue website and click on the yellow ‘SignUp’ button.
2. Fill in all the required details accurately since KYC and
AML verifications may be necessary.
3. When prompted for the invite code, enter WQWEZGZ.
4. Complete the registration process by verifying your email
address and setting up two-factor authentication (2FA) for added security.
5. Once you have completed the registration process and made
your first deposit, you should see the bonus reflected in your account balance.
That’s it!
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