Re: Avoid buying Bitcoin from someone all because you know them.
Involving in business both with random guys and those we know has different scenarios. Why because there are some certain business we will loved to do with those closer to us and vice versa same goes for other people we do not know and we will still make business with them.
In aspect of buying crypto currency or digital currency is better to stay away from unknown individuals and not to do that business with them, we rather take ourselves to the exchanges and get our deal done through p2p or any other means because making business with unknown users outside exchanges comes with a lot of risk so let avoid it.
Most business deals start with a random company interacting with another random company. They are strangers to each others, and there is often nothing that gives any credibility to either side except some reputation. This even applies to large companies like Apple or Samsung. Just because they have a reputation that does not mean they are not a stranger to you. How do you know they won't try to abuse you in business deals as much as possible in legal ways? You don't. You have to trust the word of other companies or people who have worked with them before, and only after you verify this by working with them for some time can you be pretty sure that they won't cheat you.In aspect of buying crypto currency or digital currency is better to stay away from unknown individuals and not to do that business with them, we rather take ourselves to the exchanges and get our deal done through p2p or any other means because making business with unknown users outside exchanges comes with a lot of risk so let avoid it.
It is the same way with OTC transaction. No reputable dealer who has high volume is going to risk his reputation over your $50k transactions.
People try to make transactions with shady nobodies and when things go sour they spread FUD and bad information regarding these things.