Trading of bitcoin has been one of my source of income for quite some time now but find it difficult to tell some other persons to engage in trading because of the risk involved.
Last week a friend of mine saw me trading so he tried to know more about it, at first I never wanted to tell him due to the risk involved, but then based of his persistence I first of all explained to him the difference between spot trade and futures, but I told him I do only spot, how I buy low and sell high, even as I was explaining it to him I was feeling uncomfortable because of the risk.
I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.
As long you arent giving out some guarantees on making profits then you should be fine.Usually people do make out some argumentation or really have those kind of blaming on the time that they would really be making some assurance that profits is really that in sure manner. We know that this market is really indeed speculative or something unpredictable on which it would really be just that right that you should really be having those speculative approach too but in the sense you've been using those traditional method which is to make use of technicals and fundamentals.
You cant really just simply be able to find yourself succeeding on this industry if you havent realized on what are the things that you must do in order to survive out.This isnt just on
putting up money and just simply carelessly make out some actions without any basis because this is where people do commit out mistakes.