News
    Home   >     Original    >     Main body

    U.S. › Adoption Study shows Ripple, Polkadot, and Stellar holders are the ‘most anxious’ crypto own

    Abstract:Crypto trading can bring about negative psychological effects, including anxiety and loss of sleep, a recent study showed.

      Set to explore current investor habits and the impact that 24/7 crypto trading can have on mental health, The Sleep Judge surveyed over 1,000 Americans and uncovered which cryptos are causing the most anxiety.

      According to the popular sleep-related products reviewer, the results uncovered how often Americans check their crypto investments and how crypto trading is affecting their sleep and relationships.

    Losing sleep over crypto

      The survey uncovered that “the generation most invested in cryptocurrency was Generation X, with 70% of respondents born from 1965 to 1980 identifying as crypto investors. Baby boomers and millennials werent too far behind at 68% and 67%, respectively. Less than half of Gen Zers surveyed were currently invested in crypto.”

      “The greatest divide between the generations became apparent when we asked about reasons for investing in crypto,” read the report, revealing that 57% of baby boomers are invested in crypto for retirement, while 49% of millennials are invested to make money quickly.

      The results also revealed that, while most crypto investors check their investments on a weekly basis, 50% of Gen Zers were most likely to check the market daily.

      Almost 70% of non-investors reported good to excellent sleep quality versus around 63% of those who invest in crypto and, as the survey suggests, there is a clear correlation between the amount of money people had invested in crypto and how well they slept.

      “Those whod invested less than $1,000 reported fewer hours of sleep per night than those with more than $1,000 invested,” read the report, adding that “perhaps those with less invested are kept up at night thinking about how to increase their holdings or worrying about a market dip that may cause losses in their current holdings.”

    XRP, XLM, and DOT investors report the highest levels of anxiety

      The Sleep Judge concluded the study by examining the effects of crypto trading on investors mental health and relationships.

      74% of baby boomers are concerned about their crypto investments, followed by millennials (66%), Gen Xers (61%), and Gen Zers (56%).

      According to the survey, crypto investors surfaced as more stressed about investment risks than traditional investors.

      71% of crypto investors, versus 63,9% of traditional investors said that they would be stressed if all their investments were lost.

      “Breaking it down by type of cryptocurrency, Bitcoin (BTC) holders were both the least anxious and least depressed in comparison with other crypto holders. Ripple (XRP), Stellar (XLM), and Polkadot (DOT) traders reported feeling the most anxious and depressed,” read the report, adding that crypto investors were less satisfied with spousal and parent/child relationships than those who didnt invest in crypto.

      “Due to its 24/7 nature, crypto trading can become an addiction for some people in much the same way as gambling. According to recent research, the extreme highs and lows of investment markets can cause mental health issues such as stress, anxiety, and depression,” concluded the report.

    Read more

    Bitcoin Global Legalization: A survey of countries that accept and reject Bitcoin.

    Since the inception of Bitcoin in 2009 by the unknown founder popularly known as Satoshi Nakamoto, the march for its legalization as well as other cryptocurrencies had continued till this point. While some countries had officially legalized Bitcoin and accepts it as a legal tender, others rather reject and ban it. The rest tend to maintain a neutral approach of tolerating it without either banning nor legalizing it. The major reason for this has been that Bitcoin and other cryptocurrencies lacks regulation and centralization and hence, beyond the control of the government. However, there is a general vision that given the popularity of Bitcoin itself and other cryptocurrencies, more countries will in no distant time give an official approval and legalization of Bitcoin and Cryptocurrencies.

    News 1635237643000

    Dogecoin ranks number one by Google searches in the U.S

    The original meme coin is still top according to research on Google searches conducted by Bacancy Technology.

    News 1635227252000

    Terra is preparing to burn more than 9% of the total LUNA supply

    Burning almost 90 million LUNA in the community pool is expected to place upward pressure on the native token’s price.

    News 1635224894000

    Bitcoin (BTC) hashrate rose by over 30% since July. Here’s what it means.

    Bitcoin mining hashpower as gone from a low of 103 EH/s to touching as high as 189 EH/s within the last 3 months.

    News 1635224817000