Actually the importance of a good mentor can't be over emphasized because they actualize and make your journey so fast if you put in the require effort but the bad beans out of all have really make the space messed up. In 2018 I got to knew about forex trading so I paid $70 for mentorship to a guy met on Twitter (X now) but unfortunate for me I don't get what I paid for and the guy cut me off seems to be an intentional action to scam newbie so I will suggest you verify very well and as well readily to work so that you can be able to get same result as your mentor.

For an investor of Bitcoin that is willing to HODL for a certain period of time there are things you consider before buying;
You have to set goals for yourself your entering and your projected exiting price should be stated after your research about the investment and you have to adhere to that.
Is it gonna be a long term or short term investment for you?
You don't use your emergency funds for this it a very highly volatile market.
Know the gain and risk involved in Bitcoin investment. And most importantly be informative.

As an investor it all not new anymore that the Bitcoin have majorly the Bear (DIP) and Bull phases and the Bitcoin halving which happen after every 4 years contributing heavily to the bear market and this provide room for investors to have better entering position into the investment. Prolly By 2028 another Bitcoin halving should happen.

Good morning my naija people actually this matter of uninformed and greed go deal with you seriously when it comes to crypto among others Bitcoin is still one of the best to invest on. You wen dey put money for new project with misinformation you are just been used to added to the liquidity pool you maybe rug pool only if you are smart enough when u know wen to stop. Be well informed, educative and always be updated about wetin dey sup for the market.

What is a day trading
Day trading is an act of capitalizing on short term change in price for potential gain. This is usually carry out on 1hr, 30m -15m timeframe.

There is a lot of benefit that comes with been a day trader some of them are the ability to leverage on small price movements for huge profit. Secondly potential for quick money gain thirdly day trader took more advantage of the quick liquidity and volatility that pumps into the market and fourthly no overnight risk every trade is close within a day so your psychology is not disturbed you have a nice nightmares

As at early 2018 when I heard about cryptocurrency following the 2018 cryptocurrency crash most especially the Bitcoin so I was eager to know more about how the system works so I go online and do more of research which YouTube and other channels have been of help then so this seriously helped me to sharpen and reshaped my mindset and how I look at the crypto world in general. In a couple of months of thorough research and dedications I make my first investment on Bitcoin, dogecoin, Ethereum and Litecoin fast-forward I held the asset for about 3 years & few months and the ROI really worth it, all the investment did very well I could still recall vividly dogecoin price hit 0.682/$ as at May 2021 following the remarks made by Tesla CEO Elon Musk by January 28, dogecoin increases by 339% is among my best investment that year.

I was able to make all decisions because I took my time to make a proper research about how the system works and understand the risk involved and readily to take the outcome of it. Having proper knowledge how things work can't be over-emphasized.

Below are some of the things I think you should put in place before investing in Bitcoin or any crypto in general;

1. Get educated about the investment

2. Know the Risk involved (crypto market is highly volatile)

3. Be security wise because a lot of crypto wallet as been compromised. Know how to safely store and protect your asset. I will advice you to store your asset in a private digital wallet e.g Trust wallet, Blockchain, Ton wallet, Meta mask etc and make sure to revoke any third party site connected to your wallet after use to avoid loss of asset. And you can also use physical cold wallet eg Tangem, Ledger Nano S plus they are highly secured just make sure you keep your phrase words for your private digital wallet secured let no third party gain access to it or else you you may lose your asset and protect your physical cold wallet by all means to avoid lost.
4. Beware of some taxes that come with buy and transacting a cryptocurrency in some region eg Japan.
5. Be updated about things happening around(fundamentals news): this may prevent you from lost because some exchange may delist some instrument and if you are not conversant with the news you may hold for years and have no where to sell.

Have been profitably trading the future for quite so long now and I can say it all comes with price which either a newbie or old traders have to pay to understand how it works. It can cause serious emotion disorder if constantly encountering loosing streak infact you may quit trading for something but the important thing here to note is that others are doing it and making a living out of it, and if others can do why the stigma you can do it and I can also do it, the question you should ask yourself is that how to.
To be profitable trader as we all know certain things have to be in place among them are;

Be technically know-how and also understand how to use the fundamentals analysis to your favour for backup if not backout any day there is high impact news.

Under risk management know how much you are willing to risk don't expose all your portfolio to risk understand leverage and know how to make advantage of it. There is something with human psychology as soon we define our risk the lesser the worries.

You just have to put every odds together to work in your favour after all out of 99% of traders that come to the market only 1% won be among the 1%.

There are a lot of reasons or factors that lead to failing as a trader which some of them are very detrimental than the other and they contribute heavily to the failing as a crypto trader.

1-Lack of proper knowledge about how the market work (Technically know-how): Most of newbie comes with the mindset of making fast money abandon the actual process of learning how the market work first before capitalizing maybe due to the fact that they have been blindfolded with the profit others are making from it without them realizing a lot of effort have been put in place to achieved this consistency. Trading is not get rich quick scheme it a gradual process even if you become profitable you have to be graduating from making a $50 to $100 and to $1000 you can't cheat the process.
2- Discipline: A lack of discipline as alot of detriments among them are deviation from path to success and achievement due to unable to be persistent about someone's goal and this making it harder to overcome obstacles and resist distractions and temptation. Been discipline is one of the most hardest thing to do and spontaneously maintain in trading we can just manage to be disciplined but we can't totally beat it down, we are human prone to errors and mistakes in terms of trading, state and define your goals and follow it religiously.
3- Risk management: state and define your goals in monetary terms know your risk appetite don't enter trade blindly define how much you are willing to lose.
4- Trade management: define your entrying and exit point in market don't mismanage a winning trade to a lossing one.
5- Psychology: have a balance emotion when trading and for you to have a balance emotion while trading you have to consistently put the above mentioned into practice so well.

As an emerging crypto traders the most safest and easiest thing to do is to have a few pairs to trade and as soon as you gaining more mastering you gradually adding more pairs to your whitelist. The major important of doing this is to improve and master your strategy (technical analysis), be familiarize with the chart understand how it move, know your do and don't, shape your risk management and proper trade management and most important thing master your psychology. As an 4years of experienced trader trading is more of patience and little of triggering the sell/short or buy/long button.

Insecurity- insecurity is one of the major problem Nigerians are facing and causing serious damage to the economy directly or indirectly. It is more paramount among the people living in a rural area or underdeveloped society and this are the people living in urban rely on for their agricultural food production. With this issue of insecurities alot of farmer have not been able to carry out their farming activities which now lead to low production and hike in price of commodities.

Corruption- Each individual have been suffering from this and it as seriously deprive Nigerians of their growth. Corruption can be in any form and in any level as far human is conscience. It can not be totally evicted but it can be reduce to a minimal level for the growth of the country in general.

Economy instability: The rising in price of food and the weaker the naira in exchange market is one of the major problem causing inflations in Nigeria the more we continue to abandon this the worse the economy will continue to be.