Re: The ugly side of trading in crypto

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

This is what happens when opportunity meets unpreparedness. He was given money to start up a business and the business he wanted to start up was trading? you can imagine such stupidity? I believe he doesn't have any business in mind before the money was given to him, else he wouldn't have turned to trading to multiply it. If he was an experienced trader and not just a gambler turned trader, he would have known of risk management in trading.

$197 is still good to start something small, 200k can start POS business since it is the only business he can do with such little capital, I hope he learned his lessons, but from the video he's still desperate to make the money up to $1000, meaning he's not yet woken up to reality. Any scammer that provides investment advice to him now in his state of desperation can make away with the remaining funds at his disposal