Post
Topic
Board Bitcoin Discussion
Re: Is it proper for one to trade Bitcoin through a trusted friend ?
by
Gaza13
on 15/06/2024, 16:11:16 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 ?

Trading is not an easy task to do, any time I see some traders trading for other investors and paying them interest, I usually cut cap for those traders because it is not easy. Before you can proceed to allow your friend trade for you, you are to note if they are actually an old experience traders. If your friend is just a normal non fully experienced trader, he may end up to lose your investment to Bitcoin volatility. Know who you are dealing with and their capabilities before you proceed.
Of course, his friend will ask for a percentage share if his trading is successful in making a profit, in other words the service (jockey) of someone playing it. Yes, paying attention to when he trades is much better, at least if we see directly how skilled he is at analyzing the market. It would be nice, apart from seeing him directly, we could also study before our eyes and gain knowledge from him before we entrust it to his friend. From there we gain a little knowledge and we continue to learn from various sources and combine what we have gained so far and then we try it. This method is much better than we entrusted to our friends.