This piece is part of my 2016–2026 archive migration. Some original formatting, content, and external links may be missing, changed, or not be optimized.
Ignorance doesn’t mean you can’t partake
My family and I did not come from wealthy backgrounds.
My parents were born into impoverished circumstances, and we grew up with our share of financial difficulties.
However, as a kid, I quickly became aware that I wanted to have instead of not have.
Investing
Investing can get complicated the more you dive into specific strategies. I won’t ever understand and master every investment strategy (plus this is unnecessary). But one thing I do know is that investing is the key to building wealth.
The more you save and invest, the more money you put to work on your behalf around the clock, 24/7.
I don’t have to understand investing to know this. Nor do I need to be a master of investing to reap the benefits; compound interest is friendly with everyone.
Crypto
Cryptocurrency is the same.
I don’t fully understand blockchain technology and why there are so many frickin cryptocurrencies. Many cryptocurrencies will fail, as many technology companies fail, and many are simply scams to make a quick buck.
But some of these cryptocurrencies will build considerable value over time, as Amazon did. As I continue learning about blockchain technology, web 3.0, and cryptocurrency, I need to invest.
I can still safely and ignorantly reap some of the rewards from crypto by researching, asking questions, and analyzing market trends. Though I don’t fully understand them, coinmarketcap.com provides a priority list of cryptocurrencies that communicates the circulating supply and trading volume, and other important factors that can help you determine if acquiring assets is a prudent move.
So far, as I have invested in the top ten to twenty, my returns have hovered around 40% – without even knowing much information.
I equate blockchain companies to hyper-aggressive technology that can land flat on its face or shoot to the moon.
That’s the thing about cryptocurrencies…you don’t know if they will fail or succeed, but it’s the same with stocks.
You can’t always accurately predict market moves to a T, but you can know that the average returns will remain around 6–12%. It all evens out eventually.
And the best time to buy is when things fall flat on their face (bear trends) because the opportunity to buy in is significantly cheap.
Reading the white papers about cryptocurrencies will not guarantee immediate understanding. After I read some of them, I’m like, what?
But you will notice little differences. Some cryptocurrencies use use newer technologies which helps decreasing processing times.
Technology moves at the speed of light. You have to stay in the game to consistently increase your awareness of which ones are worth investing in.
Whatever you do, never invest money into crypto that you’re unwilling to lose. I don’t even count my crypto investments. It’s all speculation, but at the end of the day, speculation is what all investing is.
Each type of investing comes with a different set of risks.
Drop a little in – to avoid a possible repeatmedium.
This content is for informational purposes only — not professional advice. Consult a qualified professional before making any major decisions.