Economy

Castle Craig Hospital Extends Helping Hand to Bitcoin Trading Addicts

Castle Craig Hospital Extends Helping Hand to Bitcoin Trading Addicts”

"This helps them identify with each other and realize that they're not alone". The devised treatment program is therefore closer to existing methods for treating gambling addictions, rather than to substance abuse programs.

If you believe you may be suffering from an addiction to cryptocurrencies or an addiction to anything else, you can find Caste Craig's website and helplines here.

The West Linton facility said it now treats cryptocurrency addiction by using techniques found in gambling addiction programmes. "Dr. Mark Griffiths, a professor of behavioral addiction at Nottingham Trent University, indicates that "[addiction] to cryptocurrencies is a sub-type of online day-trading addiction...akin to gambling addiction".

The debate over the addictiveness of cryptocurrency trading has been growing and will certainly continue growing as the rising number of success stories of people buying at what could seem an insignificant price and netting huge amounts of money at a later stage are only going to keep fueling the crypto hype.

'It provides excitement and an escape from reality.

A clinic for cryptocurrency trading addicts has just opened-up in Scotland. "It's a classic bubble situation".

Chris Burn, a gambling therapist at Castle Craig Hospital, said: "The high risk, fluctuating cryptocurrency market appeals to the problem gambler".

The patients in the program experience numerous same treatments as gambling addicts, like group therapy, in which each person shares his or her unique story of how they got to where they are.

According to the hospital's website, the program focuses on people whose cryptocurrency trading habits have become problematic.

Some treatments at the centre will be led by Tony Marini, a former gambling and cocaine addict. Mr. Marini has told media that having experienced it himself, he has "insight and empathy" towards people who are struggling with the same or similar issues.

Currently, there are no exact stats available for the demographic addicted to crypto-trading, but millions of people across the world are involved in this trade. It was in the previous month that reports showed that more people were embracing cryptocurrency in making their transactions.



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