On crypto being a scam...

If you don't know how to do due diligence, you shouldn't invest in lands and real estate. Cos the real work in real estate business is due diligence, for buyers, sellers and promoters. 

If you don't know how to do research, then stocks and crypto aren't for you either. Cos the real work in stocks and crypto is in researching to find the best position to enter, when and how to enter and exit. 

Let's take crypto particularly. 

Many people doing crypto today don't really understand it. They're simply moved by crypto trends. 

Also, many skeptics of crypto don't understand it. They're mostly moved by crypto's negative trends, and their own pessimism. 

There is no person that has seen the ups and downs of crypto, who is ever again carried by crypto trends. Instead, they know what crypto is, and that they're supposed to ride its trends, not the other way around. 

Having said these, crypto can be any of three things to you:

1. An investment vehicle.

2. A hedge fund instrument.

3. A trading asset.

And there are different principles to play by, for each of these three classes you choose for yourself. If you don't come at crypto from any of these three angles and with an understanding of the fundamentals of your chosen class, you will likely become frustrated by crypto. Next thing, you'll join the chorus of "Crypto is a scam". Lol... (I actually laugh when I hear that). 

But no, crypto is not a scam. It just has fundamentals that you need to understand, and trends that your emotions don't need to get too serious over.

If you're like this, I wish you'd take out time today to learn crypto.

Don't get scared. Crypto isn't as complicated as people make it sound. In fact, in my opinion, crypto is 10 times easier to understand than foreign exchange trading and stocks. Those ones are complex, but crypto really isn't. This is because crypto is more dynamic and is still evolving.

Crypto is still evolving. Know this and know peace and strategy.

Many people didn't understand or were skeptical about the internet when it first came out. But many decades of massive adoption has today made it a force to reckon with.

Same with Amazon in eCommerce. People doubted that Amazon would trump Walmart in market share, dominance, profits, and everything. But what's happening today?

Study emerging technologies, instead of disregarding or doubting them. Put in the work. Study them. Ask someone who knows to teach you crypto today. Take a class. A webinar. Whatever. Just learn. Even if you've known something about it already, there's still more to learn. Take action. Learn crypto today.

Cheers!

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Paul Anunaso is a civil/structural engineer based in Lagos, Nigeria. He is also the editor of The Paul Anunaso Blog, and can be reached at anunaso.cp@gmail.com