Quote from: goldkingcoiner on Today at 01:13:40 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 ?

Verification is better than trust. Be sure to get your transaction in writing, if you absolutely must do such a trade. Trust your friend all you like, but that does not mean they are 100% reliable. We all trust the people we trust until we do not trust them anymore.

In my own opinion, it is not encouraging to trust a friend with the trading of my bitcoin asset or any other cryptocurrencies. Though I've seen uninterested traders who do not have vested interest in learning about the intricacies of trading crypto, but they go into alternatives like receiving of trading signals by more experienced traders. However, they also learn those very basic skills of setting a long time or short time trade and when to make profit off the market.

It still boils down to trust though, and it's not an issue to trust a friend with a trade because we do that virtually every day by trusting our friends with our assets either in trades or investments. The best thing to do is to learn the process if yu must put large amount of money into the trading business.