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?
There is no need to panic about bitcoin To be in the crypto market you must be ready to accept risks. Since you have invested this money to build your empire it means that you have enough time the bitcoin market moves in cycles ups and downs are an integral part of it. If you have a long term time frame then the current decline can be seen as a temporary setback if you have a long term investment plan and you believe that bitcoin will rise again in the future then waiting for the current situation may be an option. Bitcoin has also recovered from many big declines in the past the most important thing is to wait patiently. If you do not have an urgent need to move money then it may be wise to be patient.