{"id":150009,"date":"2022-01-19T23:53:33","date_gmt":"2022-01-19T23:53:33","guid":{"rendered":"https:\/\/precoinnews.com\/?p=150009"},"modified":"2022-01-19T23:53:33","modified_gmt":"2022-01-19T23:53:33","slug":"a-man-named-steven-has-lost-everything-to-crypto","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/a-man-named-steven-has-lost-everything-to-crypto\/","title":{"rendered":"A Man Named Steven Has Lost Everything to Crypto"},"content":{"rendered":"

Steven is a man who was raised on the Shetland archipelago. At the age of 13, he left school and made his way into construction, where he earned a whopping salary of more than 85,000 pounds per year.<\/p>\n

How Steven Has Dealt with His Crypto Addiction<\/h2>\n

This isn\u2019t bad for someone with limited educational means. Unfortunately, Steven has lost virtually everything to his crypto addition, which he likened in a recent interview to a gambling addiction. He says, crypto, drugs, and alcohol ultimately took over his life, and now he\u2019s trying hard to get back up.<\/p>\n

In the beginning, Steven appeared to know what he was doing. He had a talent for crypto trading, but ultimately wound up losing the addresses of around five to ten bitcoins, which would be worth more than 300,000 pounds today. He doesn\u2019t know where the addresses are and has no idea as to how to recover them. He says:<\/p>\n

\n

Trading is gambling. There\u2019s no doubt about it. I studied and studied. I taught myself how to be a good trader and tried hard to manage my accounts and stick to a set of rules, but my mind would twist, and I\u2019d go all in, like a poker player that thought he had the perfect hand. I was convinced I was going to be a bitcoin millionaire.<\/p>\n<\/blockquote>\n

Steven is now spending his days living at Castle Craig, a rehabilitation center in Scotland. He is concerned about the future and believes a lot of young people who get introduced to crypto will take a path similar to his. He sees crypto as a high-risk trading arena that can lead to heavy addiction, and he doesn\u2019t want to see younger generations fall into its traps. He says:<\/p>\n

\n

A whole generation thinks that with a little mobile phone they can win, that they can\u2026 beat the market. It scares the bejesus out of me.<\/p>\n<\/blockquote>\n

In addition, crypto remains relatively unregulated in the United Kingdom, the country Steven calls home, and this opens more doors to foul behavior and problems. Crypto has also become mainstream enough that it is being touted on social media all the time by various celebrities including Kim Kardashian, who was recently sued \u2013 along with others, like Floyd Mayweather \u2013 for promoting a potentially fraudulent cryptocurrency known as Ethereum Max.<\/p>\n

Crypto has also made its way into more mainstream methods of advertising. Not long ago, an ad for Luno \u2013 a cryptocurrency exchange \u2013 was spotted in London. It read:<\/p>\n

\n

If you\u2019re seeing bitcoin on a bus, it\u2019s time to buy.<\/p>\n<\/blockquote>\n

These Ads Are Deceiving<\/h2>\n

Dr. Anna Lembke \u2013 an addiction expert and professor at the Stanford University School of Medicine \u2013 explained ads like these are created to play with people\u2019s minds. She comments:<\/p>\n

\n

They\u2019re encouraging you to amplify the wins and ignore the losses, creating a false impression there are more wins.<\/p>\n<\/blockquote>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Steven is a man who was raised<\/p>\n","protected":false},"author":3,"featured_media":150008,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nA Man Named Steven Has Lost Everything to Crypto - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/a-man-named-steven-has-lost-everything-to-crypto\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A Man Named Steven Has Lost Everything to Crypto - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Steven is a man who was raised\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/a-man-named-steven-has-lost-everything-to-crypto\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-19T23:53:33+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2022\/01\/A-Man-Named-Steven-Has-Lost-Everything-to-Crypto.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/a-man-named-steven-has-lost-everything-to-crypto\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/a-man-named-steven-has-lost-everything-to-crypto\/\",\"name\":\"A Man Named Steven Has Lost Everything to Crypto - 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