Mandy96
Valued Contributor
Trading crypto is one of the popular ways Nigerian youths do make money these days but that does not mean it does not have its flaws as well, just like every other businesses do. One thing you should know about cryptocurrencies is that it deals with rate, it fluctuates every second, every minute, it might goes up now and goes extremely down in the next moment. This so called rate is what determines either you are going to make profits or otherwise. This same job is somehow related to forex trading, as a matter of fact, you would definitely see it on the platform, it is one of the usual ways to trade, I think it is called “stock” on some of the apps. So back to it, if you want to make money with this, you have to be ready to invest largely because that’s the only way you can make millions of naira overnight with just one trade in the business. It also has its crisis, people could have invested in it and it will eventually fall in price, this means the money you put in has just reduced in value. For example, Bitcoin is presently having a fall in price case and most traders are panicking.
