8 signs you're crypto obsessed

SHARE
← Back to articles
SHARE

​8 Signs You’re Crypto-obsessed

January 10, 2018 9:00 am Published by

The cryptocurrency market has been crazy this year.

It’s easy to see why many people are obsessed with Bitcoin and altcoins. Relatively speaking, it’s a new arena. It’s constantly evolving. It’s open to anyone with the time and money to get involved – and it’s always exciting to be an early adopter. It can be complicated and takes hard work to fully understand. Bitcoin is also a controversial, divisive topic which lends itself to strong opinions and heated discussions.

Here are 8 signs you’re crypto-obsessed.

1. You’ve signed up to multiple wallets, exchanges, Bitcoin debit cards and other technologies

You have compared the pros and cons of each and debated their merits in search of the best.

2. You have to check out new cryptocurrencies and diversify

The number of cryptocurrencies available online is changing every day. As of late mid-December 2017, Coinmarketcap.com lists 1368 cryptocurrencies. You’re quick to assess the merits of new cryptocurrencies and to buy those you see as promising.

3. You have a pre-prepared Bitcoin elevator pitch

When you meet someone who doesn’t understand Bitcoin or why it’s significant, you have a pre-prepared speech explaining what it is, the benefits and why they should get involved. You also enjoy correcting people’s misconceptions.

4…And pre-prepared answers to FAQs about Bitcoin

After your elevator pitch, you know which questions you are most likely to hear:

  • “So what does ‘mining’ mean anyway? Where does Bitcoin come from?”
  • “Is Bitcoin ‘real’ money though?”
  • “How do you use Bitcoin?”
  • “What, you mean there are no banks involved? What about the government?”
  • “What if someone hacks your wallet and steals all your Bitcoins?”

Luckily you have your answers ready and you make an effort to word them in the simplest way possible. While still making sure they know you’re a pro.

5. You check the price of Bitcoin first thing in the morning

As Bitcoin prices continue to reach new heights, your first action each morning is to check the price. And you probably check it numerous times throughout the day too. A new high puts you in a good mood, while a drop ruins you.. at least until you’re up again.

6. You get excited when a new company starts accepting Bitcoin as payment

You’re desperate for cryptocurrencies to become mainstream. Each time a new company starts letting customers pay in Bitcoin (or a charity starts accepting donations) you see it as a positive step towards more practical uses.

7. Your social media and inbox are dominated by Bitcoin

You subscribe to r/Bitcoin (subreddit) and other related forums, where you are an active part of the community. You follow numerous Bitcoin related accounts on Twitter. You’ve joined Facebook groups. You’ve signed up to cryptocurrency blogs and mailing lists. Maybe you dive into Bitcoin conspiracy theories or debates about the identity of its founder. In short, it dominates your news feeds and inboxes.

8. You get annoyed at people who are only in it for the money

You’re motivated to own Bitcoin as much for political and philosophical reasons as financial ones. It’s not just about the money – although you don’t exactly mind that part.

Does this sound all too familiar to you?

Join our community forumtelegram chat, and stay up-to-date with our blogs to discuss your obsession.

Notable Replies

  • Satoshi24

    Whenever I’ve gone to sleep recently, I’ve started to dream about about Bitcoin, Dash and Ripple! Maybe this needs to be added to the list! Anyone else?

The Pros and Cons of Modern Banks

If you’re like most of us, your bank is just a part of your everyday life. It’s where you keep your savings, receive your salary, or go for a mortgage or loan. Whether you ever go to a physical branch or not, you probably open your online banking app at least every few days. Even… View Article

Valentine Gift Ideas For Your Bitcoin Lover

Has Bitcoin interfered a little with your love life because they never stop talking about Bitcoin? As Bitcoin appreciators, we don’t think it is going anywhere. Perhaps it’s time to embrace it with a present to show that you support the cause. Here are 7 ideas for cryptocurrency related gifts perfect for Valentines or that upcoming birthday, anniversary or holiday. Bitcoin The simplest… View Article

Keep an Eye Out
Crypto Influencers You Need To Keep An Eye on in 2018

Bitcoin prices are often closely linked to the opinions of influencers. While millions of people discuss Bitcoin on social media, there are a number of key figures all crypto enthusiasts should keep a keen ear out for: Vitalik Buterin – @VitalikButerin Buterin first discovered Bitcoin at 17. Within a few years, he received a grant… View Article

Cash Out Your Altcoins Without Withdrawing To Your Local Bank

Once you see the explosive potential of cryptocurrency altcoins and ICO tokens, the only reason to cash out for fiat is to pay for a lavish crypto lifestyle. Saving money in fiat simply doesn’t make sense any more. But being able to spend fiat makes a LOT of sense. At least for me. By diversifying… View Article

Hi! New to Bitcoin? Get The Wirex Bitcoin Confidence eBook