I know that one's opportunity can be another's threat. Is the continuous fall beneficial to crypto traders or its just a trap?
Personally what are your thoughts on this?
Does the benefit from the market compensate for the cost of living?
Of a truth the rise in cryptocurrency adoption is someworth associated with the fact that people are looking for other alternative means of survival. Bitcoin as seen as an investment could be taken as a such alternative means because one can trade on it on daily basis to generate revenue or profit for themselves and in other words, they can buy and hold for a very long term so as to rake in profit when the price goes up as it meets their profit target.
I do not think the continuous fall in naira can be or stand to be a trap to crypto traders. Naira fall has nothing to do with crypto trading but rather the policies enacted by the government to strengthen the economy of the nation to help give strong base for the naira to regain its value. Just as CryptopreneurBrainboss has opined, it can only be a trap when one decides to trade crypto directly with the naira against the CBN policies but as a sharp trader you are, you need not worry as it is in your own advantage because you trade in bitcoin not nair and convert to usdt for those who cares and off to the p2p market you go to finalize your sales.