I don't really care what the block line says or whatever it is in trading because the choice is only 2 for the OP if indeed he wants to make trading an option then he must realize that there will be a lot of things that must be prepared including mentality, learning and all forms of things from technical and fundamental that are all related to trading and of course this takes a long time but of course this is another form of risk that must be accepted because it is like a thing that must be done as a process to support the goals he wants to achieve in trading.

But if the OP is not able to do this then just relying on capital of any size according to him then all will be in vain. Because he does not want to learn trading and is only focused on profits and has the mindset that with big money he will get a big win too but in fact it is certainly not as easy as he thinks.
Maybe this can still be done for some people who have strong instincts but in the end things like this are just waiting for time because sooner or later it will run out soon.

I think 1 million naira is sufficient for trading, and you need to implement proper risk management to ensure your capital doesn't run out. For example, create a small leverage each time you trade and consistently target small profits each day. If 1 million naira is equivalent to $651, then the most reasonable daily profit is in the range of $30-$50. This is the safest trading strategy in my opinion, because we're not targeting large profits and the risk of losing all our capital is lower. However, I recommend using stop-loss (SL) and Take Profit (TP) to avoid holding onto floating positions when the market doesn't move according to your analysis.

But remember trading requires knowledge because without proper skills, it's like gambling. Investing in Bitcoin is also quite good but the question is should you rely solely on that amount of capital? Regarding business, I don't understand your country, so I may not have a clear idea whether that amount of money is suitable for the business sector.

650$ is good amount to invest but if OP is new to Bitcoin then it's better for him to follow DCA strategy like investing 10 or 100 dollars per week or month. It's not advisable for new one to invest all he has in bitcoin. Also bitcoin price is at 117k and price from here may go up or down we don't know. So if someone is investing 1 million Naira into bitcoin then their is risk that investment may get struck if price goes down. It's better to wait for price to come down a bit and then start gathering bitcoin through DCA.

We can wait for bitcoin to correct and start investing, but if we decide to accumulate bitcoin through DCA strategy and hold for long term. I think we can also start whenever we are ready for our investment journey, no need to wait because we cannot be sure whether bitcoin will go up or down.


Many even believe that in the next 10-15 years, bitcoin will surpass the market capitalization of gold. They even believe it could increase x10-x100 in the future. Are you underestimating bitcoin's potential by not believing it will hit $500k in the next 10 years?  .

For me, if you have a capital of 1 million, it means you have $ 656, for me if you use in Bitcoin trading more than enough for you to trade in the crypto market, Remember the capital of $ 656 can produce millions of dollars in the crypto market and vice versa 1 million naira can run out in minutes.

Likewise with investment in Bitcoin, therapy due to the current Bitcoin price is a high price of course investment with a price of $ 656 is slow to develop, so you can multiply 1 million naira in bitcoin depending on the expertise and knowledge you have, otherwise the money can be exhausted without imprint.

If you are not a trader so why do you want to venture on Bitcoin  trading or do you think trading Bitcoin is as easy as you think? You will have to understand the current market and how to trade it before you can successfully make money from the crypto market.

I believe you don't know how to trade and for that reason, you have to avoid anything crypto trading by all means so you don't become a victim of inevitable loses as a result of gambling and trading. Learn the skill it trading if you really want to earn from crypto trading but if you can not, you can as well focus on crypto investment.

In my opinion, the decision is yours. With a capital of 1 million Naira, I believe it can be used for trading and also for long-term investment in BTC. And I also don't think 1 million Naira is too small.

However, if you want to trade, you must be able to buy at the right time. However, if the money is used for long-term investment in BTC, it will certainly make you more comfortable because you won't need to constantly monitor the BTC price. However, I certainly think it would be better if you start a business that doesn't rely on investing in BTC or trading. Having a real-world business will certainly make you more comfortable. Of course, with trading or investing in BTC, there are times when we don't make a profit every day. But again, the decision is yours because you will bear all the risks.

1 millionaire seems to be alot when you think it in your local currency but by the time you convert the amount from ₦ to $$, it will.be worth $660 and considering how expensive Bitcoin price is becoming everyday, you will only be able to buy 0.0056 worth of Bitcoin per trade, how many percent do you think you are going to have in a day if you continued to do that continuesly? You will make little to no profits, you will be worn out and lost interest later.

Have you thought about losses you are going to make? Trading isn't a rolllercoster journey where you can sail boat and get to your destination. You will definitely get losses and that depends on how good you are with the market, how experienced you have been in the past. If you consider all these factors, you will see its worth wort trading with your amount but I will advice you to have buy and hold. It's better to hold but it's going to be for longer term, if you don't have a long term conviction, don't try it.

1 million Naira sounds so big when it's still in our local currency. With the way things are priced now in the market, it will be even very hard to think about which business you can do well with that. And also, for buying Bitcoin with it, the amount is not even up to $700 if you convert it into USDT first before buying Bitcoin, and you can get tangible profit in a short time from Bitcoin, so the best thing to do, unless you already have another thing doing that's given you money, is to get that money into something that can give you a little return.