Many
people in Nigeria heard that players in crypto business are making so much
money and they want to have their own share of #cryptocurrency wealth. This
development has precipitated a seismic rush into the business without adequate
preparation.
Some
people are even going to the level of giving people money to get crypto wallets
for them, have access to the private key, buy cryptocurrencies and sell for
them to make profit.
All the
people who did this got their fingers burnt. Consequently, they call crypto
business an organized scam. In crypto business, privacy and security are
paramount and no one is supposed to have your crypto wallet private key.
Otherwise,
one day,, you will wake up and realize that all your favorite cryptocurrencies
stored in your wallet have been transferred to someone else's wallet whose
owner is very difficult to trace, in view of the anonymity of all crypto
transactions. It can be likened to giving someone your ATM card and pin.
Some
people think that crypto business is something you can master in a day. You
cannot even master it within a month of daily training. There are many training
centres for it. As you are being trained, you need an experienced crypto trader
who will guide you.
Ensure
that you create a crypto wallet and register by yourself and keep the private
key where only you can access it. I always recommend saving it in your email
inbox.
The
secret of making money from crypto business is knowing the best time to buy a
cryptocurrency and also knowing the best time to sell it to maximize your
profit. It requires continuous research.
If you
are the type of person who doesn't like reading and interpreting charts, crypto
business is not for you. You must crate time for research. Knowing the best
wallet and exchange to use are also crucial. All trading and swapping of
cryptocurrencies must be done by you.
If you
do not contemporarily have money to invest in buying cryptocurrencies that you
will sell later to make profit, you cannot start, unless you want to join the
airdrop hunters.
Also
note that you will only invest an amount of money you are capable of losing. The
crypto market is very volatile and anything can happen anytime. A common tweet
by Elon Musk is capable of making the price of a cryptocurrency to either
snowball astronomically or nosedive to the lowest level.
So, do
not rush into it. Learning it is a gradual process.
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