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How we treat cryptocurrency addiction?
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What is cryptocurrency addiction?
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What are the signs?
How we treat cryptocurrency addiction?
At HARP Private Rehab, we’re here to help you regain control over cryptocurrency habits. Our treatment programmes focus on reducing harm while addressing the deeper issues behind your addiction, all tailored to fit your unique needs and circumstances.
What is cryptocurrency addiction?
Cryptocurrency addiction is the compulsive need to continue trading in cryptocurrencies despite the negative impact it has on your life, health, and finances. Cryptocurrency addiction is a behavioural addiction. Similar to gambling or gaming addiction, this means a person becomes dependent on a set of behaviours that release dopamine in a manner akin to substance abuse.
People become dependent on cryptocurrency trading due to the addictive nature of the markets. The lack of regulation makes cryptocurrencies highly volatile, which means when you win, you win big. These ‘big wins’ release vast amounts of “feel-good” chemicals in our brain, which we may be lacking from our day-to-day experiences, making us susceptible to getting hooked on the feeling of winning.
Cryptocurrency addiction is also rooted in thrill-seeking behaviours. For instance, the popularity of cryptocurrency grew substantially during the pandemic. As a result, it has a ‘buzz’ around it, and many people are eager to invest based on the belief that it’s an intelligent decision without being aware of the risks involved. In particular, cryptocurrency dependency is skyrocketing amongst the ultra-high-net-worth individuals.
A cryptocurrency dependency can harm mental health. For example, losing vast sums of money overnight and feeling as though you cannot stop will inescapably impact your self-esteem, stress levels and viewpoint on life. To cope with these issues, people may double down or turn to other addictive substances, putting them in a vicious cycle of addiction, depression, anxiety, burnout and so on. The lack of sleep that comes with cryptocurrency binges can also lead to health issues such as mania, paranoia, or a weakened immune system.
What are the signs?
Symptoms of cryptocurrency addiction include:
- Finding yourself preoccupied with the latest cryptocurrency news (e.g. always keeping a CoinMarketCap tab open in your browser).
- Trading in secret or minimising the extent to your loved ones.
- Experiencing an intense urge to continually increase the amount of money invested.
- Feeling anxious, irritable or losing sleep when you try to stop.
- Difficult emotions such as guilt, anxiety, or stress trigger an urge to invest.
If you are worried about your cryptocurrency habits, try to ask yourself:
- Is the price of Bitcoin the last thing you look at before you sleep and the first thing you check when you wake up?
- Do you sometimes find yourself acting on irrational beliefs, such as feeling ‘lucky’?
- Do you carry on trading in cryptocurrency after losing money in an attempt to gain it back?
- Do you find it hard to identify what you are feeling when you are trading?
- Have you failed to meet deadlines or expectations because of your cryptocurrency activities?
If you answered yes to any of these, you might be developing a cryptocurrency dependency and it is essential to solicit professional help as soon as possible. We can help guide you toward recovery.
Our approach considers the whole person: mind, body and soul
We do not adopt a ‘one-size-fits-all’ approach. Instead, we adapt each programme to each client’s unique set of needs. While our approach prioritises cutting-edge modalities and holistic care, those unique needs ultimately guide our work together.
At HARP Private Rehab, we take a truly holistic approach to tackling cryptocurrency addiction. It all starts with a comprehensive assessment to uncover the root causes of your struggles. From there, we create a treatment plan to overcome them that’s completely tailored to you. This personalised treatment plan combines cutting-edge therapies to restore your psychological, cellular, and biological well-being. For behavioural addictions, this typically includes biofeedback, bioresonance, nutritional therapy, cognitive-behavioural therapy (CBT), sleep therapies, and art therapy.
Our approach goes far beyond simply addressing the root causes of your cryptocurrency addiction. While treating the underlying factors that contribute to addiction, we also focus on its impact, from neurological to physical damage that can result from addiction. This is achieved through a combination of intensive psychotherapy, biochemical restoration, and complementary therapies, all designed to support long-term recovery and equip you with effective strategies to manage stress and regain control of your life.
15+ team members, all dedicated to your health and well-being
A team of more than 15 experts will be dedicated solely to you and your health. This includes a personal psychiatrist, medical doctor, addiction specialists, and a live-in therapist who will be available for emotional support and therapeutic assistance 24 hours a day, 7 days a week. No matter the unique blend of treatments you receive, they will be delivered with the Swiss medical excellence we are known for.
Comprehensive programmes as unique as you are
Guided by our core values of pragmatism and empathy, we tailor our comprehensive and intensive treatment programmes to suit your needs. A key feature of this is our harm-reduction approach, meaning we will never force you to completely quit cryptocurrency.
We can provide treatment for cryptocurrency addiction and any co-occurring mental health conditions at our private addiction treatment centre in Zurich.
