Quote from: Spaceman1000$ on Today at 08:37:33 AM

Quote from: Marykeller on January 10, 2025, 08:32:28 AM

When them tell people, more especially newbies to avoid trading, them think sae na lie.

There comes a man wey lose a sum of 2 million naira wey em father give am to start up business, em use am on trading on crypto for quick gains instead.

Now the money don remain $197, em d seek for advice. But at first, he made his first gain of $200 on top the 2 million naira, em think sae na to the double the money d go, not knowing the big deal wey go hammer am d come.

Now, em don d lament about his experience on crypto trading, and seeking for advice on what to do with the remaining $197.

Link to info: https://www.gistlover.com/man-laments-as-he-loses-n2-million-his-father-gave-him-to-start-a-business-to-cryptocurrency/?fbclid=IwY2xjawHtt5pleHRuA2FlbQIxMQABHXuxNuECxPs1dUacTgCmFezuV2l3LX6QLaTwpfHUMepQDBB4NAWFsbwnfw_aem_PnHDarKKLsE7C66pnJM8OA#m5qgau7akeqrsolmpt

$197 should be around 315k for naira under 1600 per dollar. Starting a POS business or to d sell food stuffs no be bad idea. Investing in Bitcoin or any other top altcoin to hodl no go be the best idea as per now cos em still need time to hodl am for like months before em go think of selling towards the bull run. For the time being, em need something doing to fall back at, because the money wey em father give am na to start a business, instead he decides to trade than investing about half of the money given to him to invest in Bitcoin and top altcoin, use the remaining half money(1 million) to start a business. That's even better that way than desiring for quick money for crypto via trading.

Omo people get mind oh, for the first time way you dey trade, you put 2M and the 2M nai be your entire capital. For the first time you no supposed to use your entire capital, you fit use like 3000k instead. The number 1 thing way you suppose prioritize na your learning, so that you can have a strategy whenever you enter the market. We need to continue to inform people that crypto trading no be money doubling scheme, because the impression out there is that, once you start trading, you will begin to gain millions and that is what has lead this young man to this mess.

Na the Koko be this. One's people are misinformed about crypto and its trading, they are in for the losses because them go go into am with their whole money, thinking to get a breakthrough from am. Now em don be sae, people are looking for ways to make better money to comot from country. Them no mind to risk their whole money if they are told wetin they are being introduced to, go give them better money in a short run. Their mind go accept am at once without the thought whether em go favor them as told or not