Technology
This week we discuss the mental health effects of day trading and being emotionally invested in cryptocurrency with Dr Prash of Caleb and Brown.On a more serious note (after the intro discussing the pole incident lol) we head straight into the topic of trading cryptocurrency and how it can be a stressful activity. This relatively new market goes through highs and lows on a regular basis. Often, there’s a great deal with risk associated with any investment but even more risk associated with trading cryptocurrencies. For this reason, it’s often reported that those who trade cryptocurrencies experience emotions of stress and sadness on a regular basis. In poker playing and gambling there are emotions of anger or sadness and is known as being on “tilt”, as you’re tilted from playing optimally. The same thing applies to trading cryptocurrencies. Someone who trades regularly can feel compounding negative effects on their mental health as one loss leads to a series of losses made from poor judgement decisions based on emotions instead of reason. In our discussion with Dr Prash we look at the various reasons why trading can be inherently stressful and potentially negatively impact on family, finances and health. Check out all our interviews on the Crypto Clothesline Podcast HERE.