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Business News of Friday, 3 February 2023

Source: www.legit.ng

'I had N3m for 24 hours, then lost everything following day' - 19-year-old crypto trader shares story

The photo used to illustrate the story The photo used to illustrate the story

Success Ozioma, a cryptocurrency investor has shared his story about how life taught him a hard lesson after he lost his crypto investment in a matter of hours.

The 19-year-old said in October 2022, he decided to invest N1 million in a coin that promised a very mouth-watering return on investment.

The money was raised with the help of his brothers, family, and friends.

In a chat with Tech Economy, Ozioma said in hours his investment increased in value to N3 million, but what happened next taught him a life lesson.

Ozioma said: “I have bought several coins, but the one that shocked me with its ROI was the one I bought in October 2022.

In a few days, the coin yielded amazing returns.” “I was over the moon; unfortunately, it was shocking how I lost everything the following day. He is now calling on Nigerians to first understand the basic technology and the people behind it before buying a coin.

Ozioma further advised: “After identifying the coin to buy, you go ahead and purchase it. Added to that is the fact that you must start monitoring your investments. It’s critical to keep track of your investments and keep an eye on how they’re performing”.