Abstract
The purpose of this study is to confirm the process in which cryptocurrency investors make problematic investments. As research participants, eight people who have invested in problematic cryptocurrency for more than a year were selected and data were collected by conducting in-depth interviews. The collected data were analyzed using the grounded theory method proposed by Strauss and Corbin (1990; 1998). For this study, we derived 11 categories including ‘trading with economic inferiority’, ‘trading in attractive market’, ‘debt trading’, ‘soulful trading’, ‘troubled cryptocurrency investment’, ‘social allowance’, ‘temptation of volatility’, ‘profit experience’, ‘loss’, ‘difficulty in daily life’ and ‘intensive speculation’. In addition, the core category of ‘trading with gambling only for profits’ was assumed by selection coding method. Based on these research results, we discussed the prevention and treatment of problematic cryptocurrency trading
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