If a friend is trusted, it is better to use his advice, since he is more experienced in this matter. But at the same time , to understand this area yourself . Sometimes it happens that a reliable friend can use your funds at his discretion, and just lie to you. And you won't even understand that.
First of all you have to think about how acceptable the person giving you advice is to you and how much you trust him whether it is your friend or someone close to you will depend on how much you trust him. But when it comes to investing, you must gain enough knowledge about investing. If you gain enough knowledge about investing, then you will understand yourself where you should invest for the long term. But if you are a newbie, of course you should always have a long-term plan in terms of stating your goals. 
Topic: Is it proper for one to trade Bitcoin through a trusted friend ? - page 4. (Read 1079 times)
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 ?
That is an option if your friend deserves for such a level of trust. I know some people are doing this and still doing it well but yes, some also got in trouble due to misuse of funds. I hope you consider this situation and take extra precautions when doing this because when it talks about money, many people are wrong and get tempted by it. But if I were you, I'd rather take the risk of doing it personally because if ever I lose, I know where I am wrong and I could learn something about it. And it is not difficult to accept it than it happens because we let other people do it. 
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 ?
"Proper" is such a weird and vague term for this question that I am not even entirely sure what you mean. Like do you mean could you trust your friend? If you have to ask us then the answer is no, if you trusted that friend you wouldn't ask it here. Are you asking if it's profitable? I mean as long as you make the right moves then probably?There isn't really any "proper" answer to this because the question wasn't phrased carefully and we are not really aware of the situation at all, it's making it a little bit different and difficult. I personally believe that the best thing to move forward with should be something that could benefit you one way or another, I do not think that we are going to end up with anything correct here.
I was going to ask OP about this too. If he thinks that his friend is trustworthy, he will not go on social networks to ask for advice from strangers. It's clear that OP doesn't trust his best friend and has been somewhat suspicious ever since he created this thread. So if he wants to take my advice, I'll say "no".
But what I disagree with more is why do we have the mentality of wanting to make money by relying on others when we can do it ourselves? If OP still maintains the view that he can make money by asking his friends to trade for him, it means OP is intending to get rich by relying on others. I believe that if OP maintains this mindset, sooner or later he will join trading signal groups and this will be worse than depending on his friends.
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 ?
"Proper" is such a weird and vague term for this question that I am not even entirely sure what you mean. Like do you mean could you trust your friend? If you have to ask us then the answer is no, if you trusted that friend you wouldn't ask it here. Are you asking if it's profitable? I mean as long as you make the right moves then probably?There isn't really any "proper" answer to this because the question wasn't phrased carefully and we are not really aware of the situation at all, it's making it a little bit different and difficult. I personally believe that the best thing to move forward with should be something that could benefit you one way or another, I do not think that we are going to end up with anything correct here.
There is a sense of satisfaction and pride that comes with knowing how to do stuff yourself. Something called self-efficacy. Before I go on I want to believe that what you mean is the regular crypto trade and not P2P. What I can say about trading Bitcoin yourself is that you get better through your wins and losses. It is a learning pathway for you. But when you do it through a friend including copy trading which some may argue is the best, you remain at the beginner trader level for a long time. A total waste of time and resources in my estimation. Trade your Bitcoin yourself through the rigorous process of learning or just hold your Bitcoin.
In agreeing with you and in further addition, doing it by yourself serves your assets privacies and also foster your personality as an investor an independent one where you are privileged to do it all by yourself without relying on anyone.Although it is necessary to consult a friend at a point of encountering hard times with your trading but while your friend has also given you the hints, do not take it a 100% to be relied but also consider doing research in comparison to the clues of that your friend because some friends may actually help you at your needy during the trades but with malicious minds of backstabbing you unknowingly to your notice.
Choosing Bitcoin as an investment is a good decision, especially if he already has the knowledge and ability to start. But before you sell your Bitcoin to him, you should know whether he is someone you can trust or will only cause problems for you. If it is a close friend who you trust, you can help him start investing in Bitcoin.
You need to teach him more about Bitcoin if he has no knowledge about crypto. Once he knows crypto and can start investing in Bitcoin, he can start immediately and do it himself. You can still guide him and provide other suggestions.
You should direct him to buy Bitcoin from an exchange so he can learn more about the crypto market. He can also understand that the price of Bitcoin will always change and he must be able to prepare himself well. With your guidance, he can avoid common scams and continue investing in Bitcoin without any problems.
You need to teach him more about Bitcoin if he has no knowledge about crypto. Once he knows crypto and can start investing in Bitcoin, he can start immediately and do it himself. You can still guide him and provide other suggestions.
You should direct him to buy Bitcoin from an exchange so he can learn more about the crypto market. He can also understand that the price of Bitcoin will always change and he must be able to prepare himself well. With your guidance, he can avoid common scams and continue investing in Bitcoin without any problems.
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 ?
It is very appropriate if you entrust your investment to Bitcoin, there are many benefits that you will get when you make Bitcoin your investment, apart from that, the amount of Bitcoin cannot be manipulated, this is what makes the price continue to increase, 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.I myself find it very difficult to trust someone in financial matters and if we really want to invest, it would be better for us to prepare ourselves first by studying it after understanding it well, then we can try to invest in Bitcoin.
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 ?
It is very appropriate if you entrust your investment to Bitcoin, there are many benefits that you will get when you make Bitcoin your investment, apart from that, the amount of Bitcoin cannot be manipulated, this is what makes the price continue to increase, 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.
Well, for me, if it's your trusted friend, then I don't see anything bad about that; it's just that you should have a contract or a written letter that states both of your rules, regulations, and terms, because if something happens to your money, for sure you will not like it, right? So to avoid conflict between both of you and not break your friendship, I think it's better that you two have a proper and legal way of agreeing, because even if you trust him, there's still a risk that if he loses all your money, you will be mad and for sure blame your friend.
And also, don't just rely on your friend; if you want to, you can make him your mentor so that he will teach you things in order to earn through crypto currency, because it's better that you have the freedom to make your move to earn whenever you want to.
Having a contract will not guarantee that your friend might not going to attack you blindly. Of course, money is involved here so as much as you can’t trust even your family members, how much more if you exposed your trading secrets into your friend. They say your best friend becomes your best enemy, so be careful with that. Although you can teach your friend on the basics of trading, but you should never let him indulged with your privacy the moment you are doing trading, that’s very relevant factor to safeguard your trades 24/7. And also, don't just rely on your friend; if you want to, you can make him your mentor so that he will teach you things in order to earn through crypto currency, because it's better that you have the freedom to make your move to earn whenever you want to.
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 want to stay safe and keep your privacy, I suggest you trade with yourself alone. No need to have someone that will accompany us in doing our trades, after all they don’t contribute to our success so it’s better to trade on your own. Trading is never meant to be shared or discussed with someone else, especially that your funds will be exposed if he sees you trading in your device with his two eyes. Not only that, as he might also share with someone else the information he gained while seeing you trading, which makes your trading assets prone to stealers and hackers and if that happen, your friend might be your immediate suspect. 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 ?
You should learn to do it yourself instead of relying with someone else. I do not wish for negative outcomes but assuming something goes wrong with your friend, this isn’t a centralized system where the next of kin can help you retrieve your money; you’ll lose your money. So trade and hodl your Bitcoin by yourself.
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 ?
Since Bitcoins are so valuable, you must be a trusted source for these Bitcoin transactions. Since you are going to trade bitcoins through your trusted friend, you need to be 100% confirmed whether your friend will become dangerous for you later. Moreover, you are 100% guaranteed to trade your bitcoins in your native currency through Pitupi.In this case you do not have to depend on any third person. You can sell your bitcoins yourself without having to depend on your friend in any way. But if your friend is located near you and you can use your friend as per your need then you can do your bitcoin trading through your friend.
Actually I think is very good to learn by yourself and also do the trading ourself, because you don't expect your friend to be there for you always if you keep relying on your friend what if he's not there how are you going to cope? This is why is very good to have the knowledge about how trading works before going into it, we shouldn't be curious to get profited unlike others, because the reason why most people always Rush into something is due to the information they get, maybe from social media platform or from a friend about how they make a lot of money from bitcoin trading, at this point they will just jump into bitcoin trading without having the knowledge about how it works.
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 ?
I can't advice you to not trade your funds through your friend's account. It could be profitable for you and, nobody - not even you can decide whether or not it'll work. It's always more satisfying and convincing to trade and monitor the volatility and Price movement on your own self. I'm a type that tries as much as possible not to engage in any sort of partnership that requires alot of funds - Once there's a disagreement due to losses, it'll do alot of harm to your relationship with the said person.
Edit:
What is the role of your trusted friend?
I think what he meant was about crypto trading? Maybe he didn't have the right words to use? It could be a daily trading and refund of interest monthly or so? am I wrong? Never really trusted anyone to trade on my behalf for any amount, regardless if they're a close friend, trusted associate, or even a relative. There is always that possibility wherein they will turn their back against me the moment they see that I have that kind of money and they think that I can easily accept the loss. I can trust people in other things but not money, because I have been betrayed by some close friends in the past even with small amounts.
Also, it will be foolish to give out login information to anyone except yourself. They can easily say that the account has been hacked, or that they didn't use the account when funds are lost or the password has changed. There's just a lot of things that could possibly happen that it's best to trade for yourself and never trust anyone with it.
Exactly my point. Your friend can be trusted with anything in this world except money. Even siblings cannot be trusted with money, how much more with a stranger. The reason why I don’t want to trade having someone in my side, or just want to have my own privacy when trading. Aside that he will only distract my focus into my trades, I’m not comfortable also knowing someone knows my log in information when trading. It’s always better to trade on your own, and to trade alone without other people being aware that you’re into trading. Otherwise, they can be your friend today but become your enemy in the future when they have witnessed that you have huge amount of funds in your trades. Also, it will be foolish to give out login information to anyone except yourself. They can easily say that the account has been hacked, or that they didn't use the account when funds are lost or the password has changed. There's just a lot of things that could possibly happen that it's best to trade for yourself and never trust anyone with it.
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 ?
There are only two types of friends: good and bad, true or pretentious, liars and honest, dependable in all situations whether you have them or not, and unreliable in all situations. Instead, they only need you when they remember you or have you need it.
Now, of course, the choice is ours. If you know that you know your friend very well and you really trust him, for sure you can trust him to tell your friend what you want him to do without hesitation, whatever you want to happen to the question.
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 mean giving money to a friend for trading, then you must realize that this money can be lost and a friend can't guarantee profit. So it's risky, it can lead to conflicts and a loss of a good relationship you might currently have. It's better to not do anything like that, as financial matters are a personal responsibility. I think it's ultimately best to separate financial matters from friendships. 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 ?
This begs the question, what can your friend do that you cannot which requieres their help? And more importantly what can you do to solve this? On this market the self-custody of your coins is almost a sacred precept, and to go against it, not only puts you against the ideals of this market, but it puts you at a massive risk of being scammed, so even if you think that your friend will never do it, it is better for you to not trust a person that much or you may come to regret it. 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 matter how much I trust a friend, I wouldn't do that, and it wouldn't be because of distrust but because I wouldn't feel comfortable. When it's my money, I want to invest it in something, I should know and understand everything about where my money is going. So, if I plan to make an investment in Bitcoin, I would make sure that I gain enough knowledge about itself, how it is bought, how it is stored, how it's sent and received, etc.Nothing might go wrong if you ask a friend to do that for you, he might do everything perfectly, use your money to buy you the correct amount without cheating you or anything, but I don't see any point because what would you do after that? If you will learn later, then you should learn first and do it yourself to feel better about it. Not just for bitcoins, for all kind of finance and wealth related things, we need to be careful and preventive mode to safeguard our assets. So, taking time to learn things first is highly recommended.
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 ?
Looking at the question simultaneously, I must say that I don't see any reason why if you are a true friend, why you shouldn't patronize/trade Bitcoin with a trusted friend if he/she happens to be a vendor selling Bitcoin at a reasonable rate. Because what we primarily ought to have discuss when it comes to issue with money like this is the trustworthy of the intending seller , and likewise the rate at which he/she intends to sell his BTC, because if I'm to be in this shoe, and I see someone who is reliable, ready and willing to sell with the same rate been sold on Binance, Luno and e.t.c. I will be glad to buy with joy and happiness. Jump to: