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.
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If you had told him ,that In the cryptocurrency market, there is always the possibility of profit as well as loss.And also told about the future trade that there is the greatest risk of loss.If he has full knowledge about the crypto market, even if he makes any wrong trade or future trade or trade in any such crypto currency.So it was his own fault, you don't need to worry about it anymore.
Secondly, experience is always learned from mistakes.If your friend makes a mistake in a trade or loses in the wrong cryptocurrency, it will be a good experience for him in the future.Because his real experience is that he is involved in trading himself. Learn from his mistakes. Every trader makes mistakes in the beginning, but later he learns from those mistakes.