Post
Topic
Board Bitcoin Discussion
Re: Is it proper for one to trade Bitcoin through a trusted friend ?
by
bitterguy28
on 15/06/2024, 13:22:32 UTC
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.
BTC is decentralized and it simply means that there is no central authority in control and every member in the community can contribute to the network and keep it running through collective effort. Take note that the BTC network in itself is safe, but if you as a person falls victim to scammers or a rug pull scam, then you will surely lose your money.
Bitcoin fraud victims usually also occur as a result of their own mistakes, resulting in our wallets being hacked. but basically bitcoin is very safe to invest in, as long as we understand it. because even though we say it is safe, many people disagree, this happens because of their lack of understanding of bitcoin, and things like that are very dangerous, it is better to keep quiet if it is not suitable for this investment
and also  Money can break friendship and that is what made partnership goes wrong .

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 ?
No and NEVER  , Bitcoin is something that you cannot entrusted to anyone because this can easily be taken and hide from you without a trace , meaning it will be harder for you to run against a friend if ever he cheated you and take your funds instead  of returning.

and also why need to consider trusting your funds when you can do it on your own? not sure what is your main motive in asking this but for me? that is something only stupid person will ever do.