What was the price of Bitcoin when you invested? I can see that the market is not bad at present, currently the price of Bitcoin is $108k plus. Have you invested in Bitcoin? Or invested in other altcoins or shitcoins? Bitcoin's current ATH is around $112980, so Bitcoin's price hasn't dropped much. I see no reason to panic here. If you are investing in Bitcoin then your plan looks like you are a trader or short term investor. You should remember that if you want to profit from investing in Bitcoin, you need to plan long-term. If you plan short term then you will face loss instead of profit. I think you lack knowledge about Bitcoin, so you try to gain more knowledge about Bitcoin and learn to hold on long.

It is high time we understood that bitcoin is not a safe heaven for getting rich instantly. At least it takes time for whatever investment made to grow whether physical investment or digital as in bitcoin. In the case of bitcoin, you have to invest at the right time for you not to feel you are losing your money immediately you invested. If you enter at the right time then the volatility will help you rise above that point you bought and if it keeps rising then you make further profit.

There are ways you can know when to spot your right entry position and that can be deciphered if you are using chart. With chart you can technically analyse or see where the price action is tilting towards before you decide to buy. Also, with the chart you will know the low end high from where you can take your and position and usually, it is better to buy from low because it will give you more profit when it starts to rise.

So maybe you bought at a time that the price is retracing for correction and you jumped in to catch the falling knife.

However, bitcoin has the capability and capacity to bounce back to your entry position where you can recover your capital especially at this season unlike altcoin or shit coin.

I don't encourage you to sell at such loss. Hodl a little longer and this is the reason it is advised to invest what you can afford to wait to recover or invest with money that you don't require back urgently.

Hey Israelgogo I could feel your frustration, downsizing from 1 million to 200 thousand might seem painful, but let's bring it back to normal. if you funded in altcoins shitcoin not Bitcoin, that illustrates a lot, alts shits usually tank way more when bitcoin falls. Actually Bitcoin itself isn’t colliding as extensively as you feel: it’s only been down roughly 4 % from its ATH. The more oversized bubbles you witness in alts shits are because day trader or nob investors get it has 0 fundamental value & panic‑sell them to buy safer assets like BTC. Also, macro elements like US tariffs and commerce uncertainty are stunning both cryptocurrency and tech stocks. So yeah, your 200 k upshot reeks like serious alt shit exposure, leveraged trade offs, or massive selloffs during these plunges. Should you stretch out nowadays, mate? If all you have obtained gone is swinging on small cap coin on a downtrend you could not nap over i think, perhaps move to bitcoin, or worst just carry stablecoin till something calm. Or you could continue diversifying and only invest what you are willing to lose.

You are obviously lying. 3 months ago till today, you can not lose 5x in Bitcoin.

You posted that you invested 1 million naira and you are losing 200,000 naira. That is 5x in loss. That is obviously a lie. Bitcoin got to $112,000 all-time high and now at $108500. If you invested when bitcoin got to all-time high, you are only losing less than 32,000 naira.

Why this lie?

Or you are trading instead?

I guess that you must plan for holding at least 6 more months to get significant returns. It is just a speculation and no one will be able to get you where bitcoin market trades at any time frame. But, by studying what bitcoin market did in previous years and cycle, we may predict market in overall picture and this way, you might be at decent profits if you are able to extend your holding for another six months.

There could be multiple reasons, local exchanges usually trade at premium prices and I remember bitcoin traded around 110k and OP might be the one who entered on exact top. Another one might be, loaned capital; in this case, interest rate will kill any business.

Don't worry too much. To calm your nerves, you can look up Bitcoin’s price charts over the past 8 years — you'll notice a consistent overall trajectory. There are indeed deep "dips" along the way, but the price tends to recover and generally continues to grow. It just might take longer than you originally expected. Set a minimum threshold for yourself, a level at which you're comfortable taking profit. If waiting is too stressful or doesn’t suit you, withdraw your funds when you reach a point that feels good to you. But whatever you do, avoid selling at a loss. Bitcoin is an asset that requires patience.

You must be from the past, BTC is doing good from that time frame.

As much as I want to tell you to just sell if you can' bare the heat in the kitchen and get out of it.
But if this is the thinking you have that an investment like Bitcoin will make you rich that quickly and it won't have a roller coaster ride, maybe this isn't for you.
Investing in it requires patience and those people that you see who are profiting now likely invests a year and more ago.

Wow investing in Bitcoin isn't a thing to joke with honestly and a more reason you're to invest with what you can afford to lose, but not by risking too much cause you hope for better returns. Moreso you shouldn't panic about it cause you've taken the risks you just have to keep holding better days ahead.

Few days later and bitcoin is already at new ATH, hope you're still holding it.

Anyway, what I can see from the past 3 months is just bitcoin doing some sideways and that's about it, there's no way you lose that much even the swing isn't that huge.
I'm really hoping you didn't use leveraged trade here but if you're using spot, the negative pnl caused by volatility at those times are at best just measly.

You should have asked what's making Bitcoin reach ATH right now. Bitcoin reaches another all-time high, $111k.

If you've done this earlier, you have already missed the opportunity. This is why the market requires patience, a lot of patience. If you can't keep up with that attitude towards the market, this isn't for you. But if you're learning it day by day that it's okay to see it go down because it will recover later on, you're starting to improve yourself and accept that this market is for you.

I can't speak on his behalf, but I had some people who lost all their money too, and mainly that was either shitcoins, or if it was bitcoin then it was leverage. They keep buying longs and shorts and do 100x leverage, and then they end up with basically nothing in the end. No need to keep this up, and if you end up doing 100x leverage as a newbie than the most possible thing is you losing all of your money.

So it makes sense that his margin call made him lose 800k naira, and that would be a lot more trouble. So this has to be the most troublesome situation for these people, they do not realize how sensitive futures trading is, and if you are not really awesome at trading, then losing that much could take just 1-2% drop in price and you would lose it all.

You sacrificed your sleep the moment you invested in Bitcoin with money you cannot hold in Bitcoin for a long time. Bitcoin investment needs time to generate profits which means you have to invest with only money you can hold there for as long as it takes to see the profit. You do not borrow money to invest, you do not invest money for your basic needs such as food, medicine, shelter and the likes. I hope you are able to learn from this experience that do better in your investing. It would have even be better that you invest small amount of money per time and do this regularly like weekly or monthly depending on when you get money. This method of investing is called DCA, one of the easiest way of investing in Bitcoin for a beginner.

You don't need to be afraid because bitcoin price most surely increases but the thing is that you have to understand that bitcoin investment is not something you will invest with all the you have, secondly borrowing to invest on bitcoin is a wrong concept from my understanding,because nobody can predict the futures of bitcoin, I know quit well that bitcoin investment have to do with a risk and you need that the risk that's involved for investment is very high and you need to understand such, if you invest and immediately you invested the price of decrease that means you have not study the market very well.

That comment of investing a million naira is somewhat unbelievable to me and if he even invested at all that means he is talking about altcoins and not Bitcoin, because at this moment anyone that bought Bitcoin a few months ago is still at a very save benchmark with current Bitcoin price, I don't think he really knows what market correction is and he he expected his return in whatever he is holding.

You used 1 million naira to invest in bitcoin or altcoins? Because I don’t get it when you said bitcoin is dropping when in reality it is not and just consolidating for now. Bitcoin will only be said to be dropping if at all you invested when bitcoin hit all time high at $110K, but bitcoin isn’t dropping that you as an investor will be panicking by now. Many investors are in profits now and just waiting for their target to be reached, maybe a little more to the price it has reached so far (the ATH).

Next time when you’re investing into bitcoin, don’t use money you cannot afford to sacrifice in it even though bitcoin will never rugged you off your money. Just be a little patient and wait for the market to reach your target. There is no way if you’d invested earlier that you won’t be in profit now, maybe you had invested due to FOMO and when market is at its peak which is a wrong investment. Don’t make your expectations of wanting to build an empire ruin your investment in bitcoin, good things take time to ripen to reap the fruit of your labour.

There is only one solution for you now, which is to be patient and watch the market. I am ignoring your wrong decision for now, because it may not be profitable anymore. Because what happened has happened. Now you can only recover your money through patience. The best thing is to forget about Bitcoin for a few days and wake up when the market rises. You will definitely be able to recover your money or make a profit. But you have to be patient, no one has the power to say how long that patience will last.

If you are just that noob into this crypto space then you would be definitely be having these kind of impulsive feelings on which this will be the main emotions on which you would be able to feel out at the time that the market do make out some price decrease but actually its just that part of the market on having these kind of volatility. Whenever you do saw yourself that panics whenever it drops then it do shows that you are just that new or not that being too get used to on how this market works and its recommended that you should be trying out to familiarized or make yourself that at least do know on what you are that doing or dealing with because at the time that you've been just that expecting that positive and excluding out those negative and at the time that you would be able to experience out those bad situations or price drops then you would be finding yourself that being impulsive.

You would definitely panic and would be finding yourself that being that too reactive on which it will be that causing up that huge disaster at the time that you would be making up some bad decisions specially on panic selling. Make it sure that you are the ones will be making out some adjustments in regarding into the things that you've been currently that dealing on with.

The bitcoin is not depreciating? Therefore, I hope you don't worry. It won't make you lose it all. If the current value has decreased from the amount of money you bought, you will smile happily later when the market increases in price.
I am referring to Bitcoin. Don't worry.

Previously, you entered to buy Bitcoin at what price range? If you did that a few months ago, the decline should not have been too big. Even if you bought when Bitcoin's peak price was $111k, and now it's down to $108k, it shouldn't have made you panic. Unless what happened was your wrong thinking about Bitcoin investment.

Bitcoin will not give you big profits in the short term. If you have planned your investment well, you should put Bitcoin for your long-term plan. If a small decline makes you panic, I also doubt the money you allocate to buy Bitcoin. Don't take too high a risk.