Post
Topic
Board Bitcoin Discussion
Re: Is it proper for one to trade Bitcoin through a trusted friend ?
by
Vinaa77
on 01/06/2024, 01:55:05 UTC
Haven't nurturing this idea of trading a Bitcoin in the near future,but one question that's always come as a concern to me is. Is proper for me to trust a friend of that high magnitude ?
It is very appropriate if you entrust your investment to Bitcoin, there are many benefits that you will get when you make Bitcoin your investment, apart from that, the amount of Bitcoin cannot be manipulated, this is what makes the price continue to increase, Bitcoin is also a decentralized asset so there is a possibility of a rug pull. or scam is zero. bitcoin is the best investment asset right now imo.
Entrusting Bitcoin investment to other people is certainly not the right choice because it could be that the people we entrust do things that benefit themselves without telling us or they want to try it and they don't fully understand Bitcoin and don't want to spend capital and make money. The capital that we invest as a means for them to learn will of course be very detrimental if they make mistakes in the investment that we carry out together.
I myself find it very difficult to trust someone in financial matters and if we really want to invest, it would be better for us to prepare ourselves first by studying it after understanding it well, then we can try to invest in Bitcoin.