We are proud to be part of BitColors ecosystem, a unique collection of 1000 NFT colors that you can own and trade on OpenSea. BitColors aims to create something unique in the NFT space and set an example for a new wave of collections like CryptoPunks did for avatars. Colors for our logo we took from the BitColors collection. Ownership of colors should be remarkable and unprecedented and you have a chance to buy it now. Want to follow their updates? Then subscribe to BtColors Twitter, and Discord.
Crypto causes stress and insomnia, college students say
Crypto News

Crypto causes stress and insomnia, college students say

Saudu Clement
Saudu Clement

Talk about having to check your mobile device every single time to find out how much your Bitcoin investment has gained or lost. According to a recent report by Korea Times, many South Korean college students that invested in crypto suffer from a wide array of mental issues.

According to the survey conducted by information provider Alba Heaven, 68.3 percent of the respondents claimed to have experienced psychological problems. Students in this category are reportedly struggling with the studies and daily routines because of insomnia and stress. Others even claim to be addicted to crypto. Meanwhile, a third of those surveyed agreed to experience mood swings induced by the price performance of the crypto portfolio.

Buy high, sell low

“Buy the dips and sell the highs” is classic investment advice for the stock and crypto industries. However, the report notes that the average college student has less than four months of experience investing in cryptocurrencies. This could mean that they bought at the top or have never witnessed any of Bitcoin’s previous dips.

Following the latest market crash, which saw Bitcoin crash to nearly $30k after hitting $65k a few weeks earlier, many of these students may have panicked and sold. About 60 percent of the poll participants said they have lost money with crypto, with the average loss being 740,000 won ($659).