Is over 3 months now btc is experiencing lost, in my little way I use 1 million naira to invest and ever since then I don't feel like sleeping because my money keeps dropping every now and then, I don't know how long this drops is going to continue because am scared the little money I thought will built empire is shrinking to 200k. Please what's causing these deflection of cryptos and markets. Or should I remove the remaining balance?
You wont be able to sleep if ever you would be having that last all in money that you had made out some investment with it. Its always been the golden rule on investing into crypto space is that you shouldnt be that investing into the amount on which you cant afford to lose. You would definitely be having that kind of unease feeling at the moment that the price will be having its drops then you wont be having that kind of panic. This is where usually people do forget on what they've been dealing and this is where they do have those kind of high hopes that Bitcoin could make them rich on which of course its not been a guaranteed thing in the first place. On the moment that you do made out some investment with crypto then always make sure that you are just that investing into the amount on which you can afford to lose. If you are that having that worry then its better that you should be selling your position at the moment that it would be able to hit up some breakeven so that you wont be finding yourself that become so stressful at the moment that you do see these kind of movements. Always consider out that the movement of price is that too volatile and there's no way that you can be able to know on where the price would be going and even with those who had invested millions doesnt have an assurance that they can make money with their investment but what most important is here is that you do invest on what you can afford to lose but of course its never been guaranteed.