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,
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It would have been better if you converted the money you use in investing in bitcoin to dollar, so that others who are not in the same region with you will understand the actual value. If investing in bitcoin and you can't sleep it means you didn't invest with the amount that you can afford , and it also means you don't understand bitcoin investment and you are not ready to hodl bitcoin.
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?
The Market is unpredictable that is why when investing you need to have the mindset of long-term and to understand the market being unpredicted. There are so many reasons that could be the steady movement of the market (up and down). Understand bitcoin investment first before you invest.
Understand:
- volatility and the market is unpredicted.
-understand it is longterm and be ready to hodl
-you have to invest with what you can afford.
-prepare your mind to have patience.
With these understandings you won't get panic with your investment.