Scotland has a rehab clinic for people who are addicted to trading bitcoin

If you find yourself taking the “hold on for dear life,” or HODL, stance toward cryptocurrency to the extreme, and can’t help yourself when it comes to buying cryptocurrency, you may be addicted. That’s the view of experts at the Scotland-based Castle Craig Hospital, which expanded its rehab services to cover cryptocurrency addiction earlier this month.

Experts have long compared the thrill of cryptocurrency to day trading, both of which entail high degrees of risk. You’re essentially gambling with your money with crypto and with day trading, and the thrill of massive returns — and the potential addictive effects — create an emotional dependence that is not much different from gambling addiction.

“The high risk, fluctuating cryptocurrency market appeals to the problem gambler,” Castle Craig gambling therapist Chris Burn says. “It provides excitement and an escape from reality. Bitcoin, for example, has been heavily traded and huge gains & losses were made. It’s a classic bubble situation.”

Similar to those that might be addicted to casino table games or slots, the addicted trader spends most if not all of their money on cryptocurrency, and will “chase” their losses in attempts to win back lost money. They may borrow excessively or even steal, or experience mood swings and obsessive thoughts and actions, the hospital says.

Castle Craig plans to treat addicts using the same methods used for excessive gambling. Cognitive behavioral therapy is the primary tool, and teaches the person how to accept responsibility for their addiction and coping strategies, finding positive activities to replace the need for cryptocurrency trading, and most importantly how to manage their debts and finances appropriately.

The help is not cheap: according to WikiTribune, Treatments start at 2,975 British pounds (about $4,000) per week for a multi-occupancy room all the way up to 4,970 pounds (about $6,600) weekly for a private room. Considering most addiction programs are multi-step processes — Castle Craig’s is 12 — treatment could easily run into the tens if not hundreds of thousands of dollars.

While most won’t be able to afford the treatment out-of-pocket, the company says it offers payment plans, and in some cases a portion of the cost might be covered under public or private insurance. The company also operates clinics in at least six other European countries, however it’s not immediately clear if the program will be offered at those locations.

Gaming

The best free-to-play games you can play right now

Believe it or not, free-to-play games have evolved into engaging, enjoyable experiences. Here are a few of our favorites that you can play right now, including Warframe and the perennially-popular League of Legends.
Movies & TV

The best shows on Netflix, from 'The Haunting of Hill House’ to ‘The Good Place’

Looking for a new show to binge? Lucky for you, we've curated a list of the best shows on Netflix, whether you're a fan of outlandish anime, dramatic period pieces, or shows that leave you questioning what lies beyond.
Outdoors

The best sleeping bags to help you conquer the cold, no matter what season it is

A proper sleeping bag has the ability to make or break a camping or backpacking trip. Here are our picks for the best sleeping bags on the market to help you choose the correct bag for any type of outdoor adventure.
Home Theater

The best movies on Netflix in November, from 'The Witch’ to ‘Dracula’

Save yourself from hours wasted scrolling through Netflix's massive library by checking out our picks for the streamer's best movies available right now, whether you're into explosive action, witty humor, or anything else.
Photography

Get your Sagan on with 60 awe-inspiring photos of the final frontier

Few things instill a sense of wonder quite like the final frontier. The best space photos show off the beauty of Earth, our solar system, and the far corners of the universe. Here are our current favorites.
Deals

Cyber Monday 2018: When it takes place and where to find the best deals

Cyber Monday is still a ways off, but it's never too early to start planning ahead. With so many different deals to choose from during one of the biggest shopping holidays of the year, going in with a little know-how makes all the…
Emerging Tech

Awesome Tech You Can’t Buy Yet: 1-handed drone control, a pot that stirs itself

Check out our roundup of the best new crowdfunding projects and product announcements that hit the web this week. You may not be able to buy this stuff yet, but it sure is fun to gawk!
Product Review

Airselfie 2 may as well be a GoPro stapled to a drunk hummingbird

On paper, the Airselfie 2 is marketed as flying photographer that fits in your pocket and snaps selfies from the sky. Unfortunately it’s more like a HandiCam controlled by a swarm of intoxicated bumblebees
Emerging Tech

‘Bionic mushroom’ can generate electricity without using fossil fuels

Researchers have come up with a way to produce electricity without fossil fuels using mushrooms covered with bacteria. The mushroom provides a safe environment for special cyanobacteria that generate electricity when light is shone on them.
Emerging Tech

Curiosity rover active and drilling again after computer issue

The Curiosity rover has succeeded in drilling a hole into the tough bedrock that previously defeated it, allowing imaging and collection of samples. The rover had been incapacitated for a few weeks due to problems with its computer.
Emerging Tech

Astronomers discover two rogue planets that do not orbit a star

Astronomers have identified two rogue planets in our galaxy which do not orbit around a star. Unlike the vast majority of discovered planets, these rogue planets drift through space alone with no sun to shine on them.
Emerging Tech

Pairs of supermassive black holes spotted in colliding galaxies

Astronomers have discovered several pairs of supermassive black holes in galaxies that are colliding with each other. These black holes will spiral closer and closer together and eventually merge into one supermassive black hole.
Emerging Tech

Quantum-based accelerometer can locate objects without GPS

Researchers have created a quantum "compass" that allows navigation without satellites. The instrument, technically called a standalone quantum accelerometer, is small enough to be transportable and has a very high level of accuracy.
Emerging Tech

Ancient continent discovered beneath the ice of Antarctica

Antarctica could be hiding the remains of a long-lost continent. Scientists created a 3D map of the crust beneath the Antarctic ice sheet which shows a similarity to the crust in Australia and India, suggesting they used to be joined.