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Important Things You Need to Consider Before Investing in Cryptocurrencies



Things You Need to Consider Before Investing in Cryptocurrencies

Since cryptocurrency gained traction and global popularity, so many people are rushing to invest in them without undertaking proper risk management strategies. People are so much fascinated and are very enthusiastic to turn their cash into crypto assets. Some of the famous and rich people who are top investors in cryptocurrencies include Elon Musk, Cathie Wood, Paul Tudor Jones, Mark Andreessen, Bill Gates, Richard Branson, Peter Thiel, and Kirill Bensonoff. They have a huge influence on the cryptocurrency market. They are influencing a lot of people to start investing too. There are Important Things You Need to Consider Before Investing in Cryptocurrencies.

Analysts project that cryptocurrency could possibly be the future of money as demand for anonymity and a more decentralized means of payment system grows. Cryptocurrency builds a lot of trust since it involves no intermediaries such as banks. This is what is attracting a lot of people to invest in them. Some companies such as Tesla Inc. accept cryptocurrency as a mode of payment. Several people have become millionaires through cryptocurrency over the years. it is important to know the things you need to consider for this kind of investment. 

Cryptocurrency Market Capitalization

The total market capitalization for all cryptocurrencies currently (at the time of publishing this article) stands at $1.6T (this is a fall from $2.3T as of May 3rd) with a 24-hour volume of over $244B. There are so many cryptocurrencies, but this article will only highlight the top ten ones: Bitcoin, Etherium, Cardano, Polkadot, Internet Computer, XRP, Binance Coin, USD Coin, Dodge Coin, and Tether. Bitcoin, the first ever cryptocurrency to be created, ranks number one in terms of market cap ($672,358,729,100) and price($35928.69). In this list, Tether, Binance Coin, XRP, Polkadot, Internet Computer, and USD Coin are not mineable.

Investing in Cryptocurrencies

Gold and silver coins, LTC, ETH, BTC, XMR, XRP. A pattern from different coins of virtual currency on a dark background. Cryptocurrency and blockchain concept. Top view

Before investing in cryptocurrency, you need to ask one fundamental question; “Is it safe and worth it?” Cryptocurrency is a volatile asset and so it may be a high-risk investment. 

To invest in cryptocurrency, you need a cryptocurrency wallet. This will hold your currency. One needs to download it first. A cryptocurrency wallet is a software that enables, storing, sending, and receiving cryptocurrency units. Create an account and start exchanging fiat currency (real money) for cryptocurrencies. You need to choose the cryptocurrency you want to invest in (Bitcoin is the most reliable). Choose a platform to buy the cryptocurrency of your choice.  Examples of these platforms include GEMINI, Coinbase, SoFi, BITCOINIRA, Robinhood, and BlockFi. You need to sign up to one of them to start exchanging.

Here Are the Important Things You Need to Consider Before Investing in Cryptocurrencies

Every investment has its own risks. It is wise to know the risk and come up with risk management strategies before investing. It is dangerous to just invest blindly, you may lose your money. There are low-risk investments, medium-risk investments, and high-risk investments. One has to be so careful when dealing with high-risk investments.

The cryptocurrency market is attractive, fascinating, and fancy and so everyone wants to put their money in it. The following important things you need to consider before investing in cryptocurrencies are worth noting.

Cryptocurrency is a High-risk Investment

The number one thing that makes it a high-risk investment is its price volatility. It is not strange for the value of cryptocurrencies to suddenly drop by hundreds or thousands of dollars. It may be safe to invest in an asset whose price is predictable and always stable on the rise and weak on the fall. The value of crypto assets will fall abruptly and with a huge margin catching you unawares. For instance, between October 2017 and January 2018, bitcoin’s price volatility rate was found to be 8%. Bitcoins price history shows it has been falling. It is therefore important to know when to buy and when to sell. Buy the coins when their price has fallen and sell them when their price has risen. Do not buy when the price is high. Likewise, do not sell when the price is low.

It is very difficult to predict the price of cryptocurrencies. Analysts have continued to caution investors on the volatility and unpredictability of cryptocurrencies.  

Learn and get the knowledge and skills first

  Knowledge is power, and having knowledge in a particular field will give you the power to be successful. In the same way, having knowledge and skills in cryptocurrency will help you invest wisely and successfully. It is important to do extensive research before putting your money into it. Learn about the different currencies offered and the blockchain technology. Read the cryptocurrency white paper and get the basics. Get to know how the digital currency world works.

One way of getting knowledge and skill is by joining cryptocurrency online communities. Join crypto boot camps where they teach people techniques and safer ways of doing cryptocurrency exchanges. Some of the very resourceful crypto boot camps are OKExAcademy, BitcoinforBeginners,,,, and The first four offer free courses, while the last two offer paid courses plus free YouTube tutorials. You can start investing once you acquire substantive knowledge and skills.      

Beware of Scammers

Scammers are everywhere. There’s no investment platform that do not have scammers. So you’ll most likely to find scammers in cryptocurrency markets too and you might be a victim. It is painful to lose your money to scammers and fraudsters. Several investors have lost a lot of money to Ponzi schemes.

You can trade crypto through brokers or buy and own them through an exchange. Scams can be in both cases. It is very important to identify cryptocurrency scams before investing. To identify scams, you need to look out for the following tips:

  • Fake Initial Coin Offerings (ICOs). This is the easiest way to carry out a scam. Scammers build and market fraudulent Primary Coin Offer projects and start scamming. You can learn more about ICO scams and how to avoid them for a safer investment experience.
  • Links sent to you with a message prompting you to click on them if you have a problem with your exchange platform, for instance, Binance. These are cloned phishing websites. Legit exchange platforms will properly redirect you with links you can recognize.
  • Fake support teams that pretend to be problem solvers and request your personal information, personal passwords, or deposits.
  • Check out for spikes in trading volumes, especially if the exchange platform is still new.
  • Other scams include cloud mining scams, multi-level, Pyramid, and Ponzi schemes.

Final Thoughts

Investing in cryptocurrency is still a good idea. Several people have gotten huge returns on their investments because they were wise, skilled, and kept off scams. Some others have experienced losses due to poor investment strategies, susceptibility to scams due to naivety, and lack of objectivity. If you would like to invest in cryptocurrency, do go ahead and hold crypto-assets in your digital wallets. Technology is taking over the world by a storm. So if analysts say that cryptocurrency is the future of money then they are possibly right. There’s no harm, however, if you don’t invest right now. Don’t rush, don’t be caught in the frenzy of it all, just know the things you need to consider. You need a clear mind to make your investments right. Do take note of the important things you need to consider before investing in cryptocurrencies and all will be well.

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Astute Content Writer. | Cryptocurrency | Social Media | Marketing | Health and Wellness | Finance | +254746158262

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Questions Frequently Asked in an Interview and Their Answers.



Questions Frequently Asked in an Interview and their answers are:

1. QUE: Why should we hire you?

   ANS: If you hire me, it would be a great platform to showcase my skills. Whatever goals I set,

I ensure to accomplish within stipulated time.

2.QUE: Do you have any questions for us?

   ANS: When can I join?

3.QUE: What position do you prefer on a team working on a project?

    ANS: It doesn’t matter till I learn something new from every project.

4.QUE: What irritates you about co-workers?

    ANS: I believe in team-work. Even if I find anything irritating, I try to avoid it unless it

personally affects me.

5.QUE: Tell me your ability to work under pressure?

   ANS: I keep myself calm and focus on multi-tasking while being patient.

6.QUE: What are your expectations from this job?

   ANS: Professional advancement and a good future.

7.QUE: What could be a possible distraction at work?

   ANS: I concentrate on one thing at a time.

8.QUE: What is your strength?

   ANS: I am a quick learner and a great team player.

9.QUE: Where do you see yourself 5 years from now?

   ANS: I see myself in a senior position managing important portfolio of this company.

10. QUE: What’s the reason behind leaving your last job?

        ANS: I am looking for better opportunities.

11.QUE: Describe your management style?

      ANS: I will constantly keep tab of assigned work with my subordinates and seniors and

ensure I finish my assignments on time.

12. QUE: Are you a team player?

       ANS: Yes. I ensure that the team I’m in successfully completes assignments and projects

within deadlines.

13. QUE: How long would you expect to work for us if hired?

       ANS: As long as I feel challenged professionally.

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Kenya Bureau of Standards (KEBS) Blacklists 26 Maize and Porridge Flour Brands.



KEBS has blacklisted 27 maize and porridge flour brands after they fail to meet quality standards.

The standards body asked manufacturers of maize flour to recall the low-quality products already in the market.

On Thursday, 19th August, KEBs instructed the mentioned manufacturers to cease manufacturing their products.

“It is also our responsibility to keep the public informed of the compliance status of products.

These products include maize meal and composite flour, to enable consumers to make informed choices.

We encourage the general public to be vigilant and inform KEBS upon encountering any products suspected to be substandard,” it is said.

List of non-compliant maize brands and manufacturers of Maize Flour.

1.Budget – Karibu Maize Millers

2.Equatorial Ugali Afya – Nature’s Health

3.Fahali – Naku Moden Feeds

4.Family – Jamka Emeji Trading Ltd

5.Pembe – Pembe Flour Mills td

6.Riri – Ridges Ritz Millers Ltd.

7.Sima Tamu – Sima Grains Ltd

8.Tupike – Osho Grain Millers Ltd

9.Ugali Bora – Nakuru Grains Mills Ltd

10.Unga Sawa – Greenfield Millers Ltd

11.Uwezo – Uwezo Maize Millers Ltd

12.Ziwa – Eldoret Grain Millers Ltd.

List of non-compliant maize brands and manufacturers of Porridge Flour

1.Wimbi Safi Marss – Marss Food Quality

2.Rimwambi Soya Porridge Mix – Rimwambi Enterprises

3.Narisha Plus – Equitorial Nut Processors Ltd

4.Rest Food Products Afya& Bora Kinara Porridge – Rest Food Products

5.Family Nature Foods the Original Ujimix(Sour porridge) – Unga Ltd

6.Generation Wimbi Porridge Flour – Snowline Food Idustries

7.Soko Wimbi Mix – Capwell Industries

8.Winnies Pure Health Uji Afya – Winnies Pure Health Products

9.Ujipwani Unga Wimbi Chachu – Regeria Ltd

10.Greenhouse Pride Polished Wimbi with MilkPowder – Greenhouse Pride Distributors

11.Golden Porridge Flour Sour Uji Mix – Golden Traders Ltd

12.Najah Nutrition Food Family Porridge – Najah Nutrition Food

13.Natasha Porridge – N/A

14.Excellent Nutritious Porridge –  Excellent nutritional Porridge

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Seven Cool Things To Do With The New M-PESA App



The M-PESA app is quite popular as of this writing and for many good reasons. It is modern based on its looks (user interface is unmatched) and has most of the M-PESA functionalities to be used exclusively without ever seeing the need to call the STK menu, or the mySafaricom app.

It should, however, be noted that the app is yet to exit beta. We were thinking that by now, it should be fully stable for the masses, but we know that should be happening soon. Besides, the operator has been sending text messages to customers about the M-PESA app’s existence and with a link to app stores. This is perhaps one of the reasons why the app has been downloaded more than 500K times, which is quite a good number compared to other locally-made apps that rarely amass many downloads.

With that out of the way, we should report that we have been using the app for nearly six months now, and there are many features that have genuinely impressed us. So, shall we talk about them?

Biometrics authentication.

This is perhaps one of the main reasons why we have been in love of the M-PESA app. During set up (which should be done on a mobile data connection, unlike mySafaricom app that can be set up using Wi-Fi), the app will prompt you to set up biometric authentication. This means that you can either unlock the apps using your fingerprint of face, whichever works for you best.The good thing about this is that no one will see your M-PESA pin when performing a transaction, which is a good thing especially in crowded M-PESA agent shops or supermarket lines. It beats mySafaricom app, which can be secured with biometrics but will call for a PIN number to complete a transaction.The only downside of biometrics authentication is a case where another person picks up your phone and launches the app while you are asleep (with either your finger or face). This is likely to happen for some, but can be overcome altogether by sticking to a PIN code.

Hide your mpesa balance

This update just came in the other day. Previously, the app would display your balances at the top part of the interface. This was a bother to many including yours truly. Now, you can hide that balance by clicking on the ‘eye’ button. The feature also hides your transaction history, which makes it a very good security feature.

Request Money

As its name suggests, M-PESA app users can request from friends, family or colleagues. It is quite easy to do so: just enter phone number you want to request money from, enter the amount, add a descriptive text (optional), and authenticate the transaction. The recipient will receive the request and act accordingly.

The question is that is this a feature that many people will use? – because ordinarily, people make phone calls or send a text message to the person they want to ask for money from. Nevertheless, we are glad the feature is here, and if it doesn’t make a lot of sense to you, you can still…

Send money to many

For now, the app only allows you to send cash to a maximum of five people. Say you want to pay your employees via M-PESA, you can do so by sending them money in batches without picking them separately. We must admit that this is a handy feature for business people, and is already gaining popularity thanks to the people we have interacted with.Note: you will still pay transaction fees for each person you send money to while using the feature.

Popular Bills

The M-PESA app now has all the popular bills in its system, which means that there is no need to memorize them. The bills range from Kenya Power to DStv. Better, you can even search through them to find a specific pay bill number.

In the same breath, the till section saves your frequent numbers or favourite bills, which is handy because it saves time.

Both options (Pay bill and till) have an option to scan QR codes in case you are willing to go that route.

My Spend

When the app launched, a lot people were excited about the ‘My spend’ feature. It basically adds up all your M-PESA transaction and reveals how much money your M-PESA account has processed. The spend is limited to a month.However, the feature does not go into more insights like M-Ledger used to back in the rounds your expenditure into ‘General’, ‘friends and family’, ‘withdrawal’, and ‘bills and services.’We feel that the app could have done more here in terms of breaking down expenditure into additional specifics as we discussed in the M-Ledger post before.

Offline mode

When the app launched, a lot people were excited about the ‘My spend’ feature. It basically adds up all your M-PESA transaction and reveals how much money your M-PESA account has processed. The spend is limited to a month.

However, the feature does not go into more insights like M-Ledger used to back in the rounds your expenditure into ‘General’, ‘friends and family’, ‘withdrawal’, and ‘bills and services.’

One thing you should note is that the M-PESA app is not here to replace mySafaricom app. Both are two different products that serve specific purposes; M-PESA is solely for the mobile money product, while mySafaricom has integrated almost all Safaricom services, including Home Fibre management.

We look forward to seeing the app getting more features as the carrier attempts to make the tool more appealing to customers before it rolls out officially to all.

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