It's great that more people are becoming aware of the importance of investing BUT, as we seek out more investment opportunities, you should know that unlike Shrek, all that glitters is not gold. Not all good looking investment opportunities are safe and legit.
 
You should also

know that an investment opportunity doesn't have to be a Ponzi scheme for you to run away from it.
 
Most of the investment opportunities available in the Nigerian Fintech space are 3rd party investment.
 
The way 3rd party investment works is: a company gets money from investors

to create value which can be in the form of a business (e.g. fish farm, real estate etc.). After a certain period, that business should generate profit and the company then pays investors their capital plus a share of that profit as returns.
 
It becomes a problem when the

investment doesn't generate any profit or the profit is not enough to pay investors the promised returns. This is where Ponzi/pyramid schemes come in.
 
A Ponzi scheme is when a company/person offers an investment opportunity to users but in reality, uses the money from newer

investors to pay older investors. Basically, robbing Peter to pay Paul. As you can imagine, Ponzi schemes are only profitable as long as there are enough Peters to take care of the Pauls. When the number of Peters that sign up to the "investment opportunity"/the amount of money

Bitcoin recently hit $34,000 yesterday when as recent as October 10th, it was $11,000

Here’s some unsolicited advice: If you feel you have “bad luck” with investing; i.e. you feel that “if you buy Bitcoin today, the price of Bitcoin will drop”; don’t buy in.

Here’s why I say so

I try to never categorically give financial advice because I’d rather show people how I’d make decisions if I were in their shoes and I like (prefer) people to think for themselves and consciously make decisions they feel is best for them or decisions they can live with and not

just go off what some random person on the internet says BUT I’ll make an exception this time and tell you this, if you think you have bad luck with investing, don’t buy in. Here’s why:

People that feel they have bad luck with investing often have 3 things in common:

1. Fear:

This fear might be informed from bad experiences they’ve had in the past or it might be some irrational fear but they have high fear of losing. If you feel like you have bad luck with investing, anything (good/bad) that happens to your investment is going to feed into that fear.

In fact, you could go as far as looking for anything that would confirm your fear that you’ve made a bad decision. You’ll suddenly start seeing news articles saying that asset will drop, you’ll watch the charts and any small drop in price would confirm that fear.

2. Because of