Quote from: AmoreJaz on July 14, 2024, 09:31:13 PM

Quote from: Furious 7 on July 14, 2024, 09:22:00 PM

Quote from: Hopila on May 30, 2024, 12:01:40 PM

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 ?

If you really want to really understand Bitcoin, it will be more worth it to do it yourself rather than depend on other people.
We can't trust anyone when talking about money or other valuables, including those closest to us, so I think it should be thought carefully if we entrust it to be managed by your friends even though they have a pretty good record.
Even though sometimes this choice will make you a little inconvenient because you have to start on your own because you don't take the quick option by trusting your friends, in the end it will actually be a good thing where you learn from the start about Bitcoin and so that we don't get caught up in it. fomo because he got into bitcoin but didn't know how bitcoin worked.

There are many ways it can go wrong if you will give this task to a friend, even if we say a trusted/closest friend of yours. So if you think you are not ready to jump into trading because you feel you are still lacking of experience and information, why not try it using small amount of funds? It will give you an idea on how to start this activity, be open to yourself that you can commit mistakes, hence, using small amount of money to begin with.

That is the point that must be realized, especially for a beginner because after all we must be aware that in the end being here doesn't mean we will benefit without the need to know the risks that will be faced, especially when talking about money problems in today's difficult economic conditions, indeed, besides having to be smart in self-control in economic management, we must also be required to always be vigilant so that unexpected things do not happen, including in bitcoin so that what we do does not become a loss and even be deceived by others even though our closest family. Instead of in the end we only continue to be fixated on what others are doing and hope to take advantage by following it and giving full trust to others to manage the assets we have, of course it will be more worth it if we try ourselves by starting from scratch because it can make you much more able to understand the situation and what you are doing not just being a fomo person .

Quote

As time goes by, you will earn confidence of doing this activity. Do take note that long-time traders also started from where you are - a beginner as well. If you will just depend on your friend to execute your trading orders, I don't think you will be at peace with yourself, especially if your friend suffers trading losses. And you can't do anything about it because you let him do the trade for you.

Things like this will appear over time and I agree with what you said because after all we have to realize that the proverb about "experience is the best teacher" is true even though this is only implied because we also cannot just try to have experience because we have to learn first but it cannot be denied that by going directly it is actually much better because you can feel that being in bitcoin is not as easy as imagined.
We must really believe in ourselves and the abilities we have because to achieve a good result, of course, it has a process that cannot be missed. and it would be very naive if we think we will be successful but just keeping our assets we are not able because we only have to depend on others by following what others say without knowing what other people's goals are like because it could be that the goal is only to drain all the assets we have.