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 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.