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 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 800,000 naira as the money shrinks to 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 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.