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.
the mistake most of them dey always make na to always think say trading and gambling na the same thing, them no dey reason am say if na do e easy to make money everybody for don become billionaire overnight, first of all e no make sense to carry money wey them give u for another thing use trade, even professional trader wey don gather experience go still think am two times before em try am because the pressure from that money no go even allow you let the trade to run, u go wan use high leverage to make quick money then u go dey cut unnecessary loss because fear no go allow u make the trade run in loss make u no go blow the account..before u know u don use your own hand cut too many losses and then either half the account or loose too much to recover from
I no know how we go carry sensitise these people say trading no be gambling, e require proper learning, mastery and patience