Hi guys
Pls what are the things i should really know before i invest in a stock market?
thanks
Tip #1: Know the difference between the stock market and the cryptocurrency market.
More tips after that one sinks in:
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scams are everywhere: Unless you are 100℅ sure of who or what entity you are dealing with, then don't deal with anyone or anything similar or unfamiliar to you. Scams are everywhere due to the irreversibility and level of privacy/anonymity that cryptocurrency provides.
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Security is important: Use a wallet like Bitcoin Core, Sparrow or Electrum and keep your keys as safe as possible. Create a strong (but memorable) password and either store your seed phrase with extreme precaution in mind (as seed phrases can override any password you set) or just destroy the seed phrase.
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Watch out for hidden fees and conditions: Hidden fees and privacy intruding conditions (like KYC) are everywhere in the industry, even in the seemingly legitimate places. Compare your options before using any service, check their reviews and conduct testing before you go ahead with anything in a more significant way.
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Volatility is normal: You might be wondering why Bitcoin dropped 5℅ in a day. You might wonder why it increased 5℅ in a day. Sometimes it might be more or less in any direction. That is the nature of the entire cryptocurrency market (even more volatile if you dabble outside of Bit[Suspicious link removed]d luck
