coincentral-main-menu-search-eyeglass
Hamburger X.

A Scottish Hospital Now Offers Rehab for Cryptocurrency Addiction

castle craig crypto

Castle Craig Offers Relief for Crypto Addiction

One of Scotland’s premier rehabilitation clinics now offers treatment for cryptocurrency trading addiction.

 

Castle Craig Hospital, which has provided gambling, drug, and alcohol rehab for thirty years, has decided to accommodate cryptocurrency addiction into its gambling program. Now, those struggling with cryptocurrency trading or market obsession can seek treatment through the clinic’s general gambling rehabilitation.

In a press release for the announcement, the clinic likens cryptocurrency trading addiction to the same behavioral addiction behind gambling. The market’s extreme volatility can induce a feeling of euphoria when users make a winning trade, a stimulus that is nothing shy of a high. 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] high risk, fluctuating cryptocurrency market appeals to the problem gambler. It provides excitement and an escape from reality. Bitcoin, for example, has been heavily traded and huge gains & losses were made. It’s a classic bubble situation,” Chris Burn, one of Castle Craig’s gambling therapist said.

While cryptocurrency addiction won’t be getting its own program, afflicted individuals will have access to Castle Craig’s myriad therapy options, which include the 12 Steps, trauma therapy, equine therapy, and Cognitive Behavioral Therapy (CBT).

As part of its treatment campaign, the clinic has launched a web page on cryptocurrency addiction, a FAQs page about the ailment, and a video succinctly explaining it and its symptoms.

Worried that you or someone you know may be addicted to cryptocurrency day trading?  Castle Craig says to look out for the following signs of addiction:

  • Spend all their time and money on online trading;
  • Experience financial problems;
  • Chase their losses (they spend more to recoup their losses)
  • Constantly borrow from family and friends, or steal to fund their habit;
  • Believe a big win is about to happen;
  • Pawn their belongings to raise funds;
  • Lie to friends and family about the extent of their losses;
  • Experience mood swings, depression and hopelessness;
  • Constantly think about the next investment;
  • Become restless or irritable when attempting to cut down or stop;
  • Deny the problem;
  • Try many times to to control, cut back or stop.

To learn more about the program and the clinic’s offerings, you can visit Castle Craig’s website.

 

NEWSLETTER

Newsletter (Sidebar)

  • This field is for validation purposes and should be left unchanged.

RELATED ARTICLES

robinhood crypto review

Robinhood Crypto Review | How Does This Exchange Compare?

Robinhood Crypto reached a waitlist of over 1 million users prior to launch in...

Read More
bitcoin and ethereum mining

Ethereum Mining vs. Bitcoin Mining: Which is More Profitable?

There are some critical differences between Ethereum vs. Bitcoin mining, which originate from the fact that these…

Read More
What is Ethereum?

The Best Ethereum Wallet Reviews for 2020

Ethereum has one of the highest market caps in the cryptocurrency world so it’s no surprise that…

Read More

NEXT ARTICLE

Getting Started Gold Bars.

NEXT ARTICLE

Robinhood Crypto Review | How Does This Exchange Compare?

Robinhood Crypto reached a waitlist of over 1 million users prior to launch in early 2018, but how does it stack up post-launch?

ABOUT THE AUTHOR

Getting Started Gold Bars.

ABOUT THE AUTHOR

Colin is a freelance writer and crypto-enthusiast based in Nashville, TN. When he’s not speculating crypto futures, he’s probably letting his hair down and/or heading to a music festival–because stereotypes exist for a reason.