Post
Topic
Board Beginners & Help
Re: Friend borrowed 4 digits money from me, saying wait until BTC rises
by
tranthidung
on 31/08/2021, 01:46:55 UTC
Hello, my friend borrowed from me 4 digits money (more than half 5 digits) since 6 month already , and we're supposed to split the profits and he's saying he's waiting for the bitcoin to be at high value to sell what he bought.
Believe it or not, it depends on you. It can be honest words from your friend but also can be a lie. I don't know and perhaps you don't. Only your friend knows what he is doing.

Quote
I suspect that he is doing day trading (he said to me that he reads hundreds of webpages and watches videos on crypto so..) and he bought a second laptop to have multiple screens, just for crypto.
Having multiple screens don't help to increase your effectiveness from trading. Increase the frequency of trading does not help to increase profit. Key point is if you are bad trader, all of such can not help.

Additionally, day trading is very risky and if a bad trader practices day trading, all capital will be lost.