Mwelekeo TV, a Kenyan platform known for breaking down complex issues into simple, relatable conversations , has released a must-watch episode that clarifies the often-confusing world of cryptocurrency, and Web3 .
A discussion aired on Mwelekeo TV has shed light on the realities of cryptocurrency and Web3, offering important lessons for people interested in the fast-growing digital economy.
Cryptocurrency is a form of digital money that exists only online and is not controlled by any single country or central bank.
People can use it to buy, sell, trade, or store value. Across Africa, especially among young people, interest in cryptocurrency has grown rapidly as many look for new ways to earn income and participate in emerging technologies.
During the discussion, Nathaniel Akinniyi, a blockchain and Web3 expert from Nigeria, shared valuable insights from his years of experience in the industry.
Having entered the crypto space around 2017 as a trader before moving into business development for a crypto project, Nathaniel emphasized the importance of education before investing any money.
According to him, understanding how cryptocurrency works should always come before the desire to make profits.
He noted that many young people are attracted to crypto after seeing social media influencers displaying expensive lifestyles and claiming that their wealth came entirely from trading digital assets.
However, he warned that such claims should be treated carefully. In many cases, individuals promoting these lifestyles may be more interested in selling courses, trading signals, or attracting followers than sharing genuine trading success.
Nathaniel explained that people who consistently make money from trading often focus on their work rather than publicly advertising their profits.
One of the biggest misunderstandings about cryptocurrency is the belief that making money is easy. Nathaniel explained that crypto trading can sometimes feel similar to gambling because traders are trying to predict how the market will move.
The difference is that successful traders rely on research, knowledge, and strategy rather than luck.
He encouraged beginners to learn both fundamental analysis, which looks at factors that influence prices, and technical analysis, which involves studying market charts and trends.
For those starting out, he recommended paper trading. This allows individuals to practice trading using virtual funds without risking real money.
Through this process, beginners can test strategies, understand market behavior, and learn from mistakes before making actual investments.
He also encouraged keeping a trading journal to track decisions, results, and lessons learned over time.
Beyond trading, Nathaniel highlighted the wider opportunities available within the Web3 ecosystem.
Web3 refers to a new generation of internet services built on blockchain technology. Blockchain itself functions like a secure digital record book where information is stored in a transparent and difficult-to-alter way.
This technology has opened doors for people with different skills and backgrounds. Opportunities exist in decentralized finance, community management, business development, content creation, legal services, and many other fields.
According to Nathaniel, not everyone needs to become a programmer to succeed in Web3. The most important requirement is a willingness to learn and adapt.
He also spoke about common mistakes made by newcomers. Many people enter the market expecting quick riches and invest in multiple coins without proper research.
Others buy assets based purely on online hype, hoping prices will rise dramatically. Nathaniel shared that he made similar mistakes when he was starting out, including investing in projects that later lost value.
These experiences taught him the importance of patience, research, and discipline.
Scams remain another major challenge in the cryptocurrency industry. Fake projects often use pressure tactics, unrealistic promises, and poor-quality websites to attract investors.
Nathaniel advised people to take time to research every project carefully before investing. He stressed the importance of using trusted exchanges and protecting wallet recovery phrases, which should never be shared with anyone.
As governments across Africa continue exploring regulations and digital currencies such as Nigeria’s eNaira, blockchain technology is finding practical applications beyond finance.
Areas such as healthcare, agriculture, education, and public administration could benefit from transparent and secure record-keeping systems powered by blockchain.
Nathaniel believes the industry will continue evolving as blockchain technology becomes more integrated with artificial intelligence and traditional financial systems. While stricter regulations may reduce the chances of massive overnight gains, they could also create a safer environment for growth and innovation.
His message to anyone interested in cryptocurrency and Web3 was clear.
Focus on learning before investing. Take time to understand the technology, develop skills, and practice carefully.
The digital economy is changing rapidly, and while opportunities exist, lasting success depends on preparation, patience, and informed decision-making rather than chasing quick profits.
