Is Bitcoin a good platform to invest?
Every business has its ups and downs and investors in such sectors must be aware of them. They should be prepared to enjoy the gain and also bear the loss. The Bitcoin sector is not alone in this economic downward trend, many businesses has crumble in my location. Bitcoin have been very stable currently if not for this FTX crisis that is triggering this massive selloffs. We know that Bitcoin have experienced such occurrences so many times and it also an inbuilt mechanism to overcome these storms.
Upon all that, Nigerians still have the hope despite the drastic bear market.Most Nigerians are on tears because of the recent crash that came suddenly yet they still have the hope that Bitcoin will still rise again.
The only solution now is to be bold and HODL. I lost some money last time because of fear and impatience and I really regretted my actions. This time I don't need any encouragement or advice from anyone to make me keep my coins. I am HODLING regardless of the turbulence of the cryptospace.