Bitcoin exchange rate fluctuation offers Nigerians an opportunity to make a profit by buying and selling Bitcoin, either as a long-term or short-term investment.
The rule to Bitcoin trading is simple, you purchase Bitcoin at a certain price and sell it for a higher price giving you a profit. Since Bitcoin trading is speculative, if the price falls, you will be in the uncomfortable position of having to either sell at a loss or hold and hope the price goes back up.
Anyone who puts money into Bitcoin should understand the risk they are taking and consider it a high-risk currency. Do not invest your life savings or money that may change your life drastically in the event of a loss. It is very crucial to do research and be up to date with current trends within the Bitcoin market.
RISK WARNING: Cryptocurrency trading comes with a high risk of losing your invested capital, up to and including a total loss. Cryptocurrency is not suitable for all investors. Cryptocurrency is a highly volatile investment and extreme price changes may occur at any time in response to macro-economic factors resulting in a potential loss of value of your entire investment in Cryptocurrencies, complete or partial loss of purchasing power, and difficulty or a complete inability to sell or exchange your currency. Please make sure you are not risking funds you cannot afford to lose. In no event shall NairaEx be liable for any loss or damage of any kind incurred as a result of the use of this site or the services found at this site. All decisions based on information contained on the website are your sole responsibility and we have no liability for such decisions.
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