Get ready to explore current investor habits and the impact that 24/7 cryptocurrency trading can have on mental health, sleep judge It polled more than 1,000 Americans and revealed which cryptocurrencies are causing the most concern.
According to a review of popular sleep related products, the results reveal how often Americans check their crypto investments and how cryptocurrency trading affects their sleep and relationships.
Losing sleep due to cryptocurrency
The survey revealed that “the generation that invests most in cryptocurrency is Generation X, with 70% of respondents being born from 1965 to 1980 as crypto investors. Boomers and Millennials are not far behind at 68% and 67%, respectively.” Less than half of Gen Zers surveyed are currently investing in crypto.”
“The biggest divide between generations became apparent when we asked about the reasons for investing in crypto,” the report read, noting that 57% of baby boomers invest in crypto for retirement, while 49% of millennials invest 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 more likely to check the market daily.
Nearly 70% of non-investors reported good to excellent sleep quality versus about 63% of those investing in cryptocurrencies, and as the survey indicates, there is a clear relationship between how much people have invested in cryptocurrencies and how well they sleep. .
“Those who invested less than $1,000 reported fewer hours of sleep per night than those who invested more than $1,000,” the report read, adding that “those who invested less than that may be spending the night thinking about how their holdings will increase or worrying about a decline in their holdings.” market that may cause losses to their existing holdings.”
XRP, XLM, and DOT Investors Report Highest Levels of Concern
The Sleep Judge concluded the study by examining the effects of cryptocurrency trading on the mental health and relationships of investors.
74% of baby boomers are concerned about their crypto investments, followed by Millennials (66%), Gen Xers (61%), and Generation Zers (56%).
According to the survey, cryptocurrency investors appeared to be more hawkish about investment risks than traditional investors.
71% of cryptocurrency investors, as opposed to 63.9% of traditional investors, said they would be nervous if they lost all of their investment.
Break it down by type of cryptocurrency, Bitcoin (BTC) Cryptocurrency holders were the least anxious and less depressed compared to other cryptocurrency holders. ripple (XRP) , excellent (XLM) and Polkadot (PointTraders reported experiencing the most anxiety and depression,” the report read, adding that cryptocurrency investors were less satisfied with their marital and parenting/children relationships than those who did not invest in cryptocurrency.
“Due to its 24/7 nature, cryptocurrency trading can become just as addictive for some people as gambling. According to recent research, extreme highs and lows in investment markets can lead to mental health issues such as stress, anxiety, and depression.”
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