Bitcoin Forum

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 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.

I totally agree with you on this,but the question now is ?

How about one who actually have zero or no knowledge about the crypto but have an interest on investing so as to enable Him grow more weather?

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.

I recalled the well-known story of the fisherman. Would you rather buy fish from a fisherman or learn to fish yourself? Expand your knowledge of cryptocurrency. No one is born with perfect knowledge, and learning is a crucial part of human development. Remember that one year of learning and training is more beneficial than blindly investing.

Nope. Not your keys not your coins is also applicable with your situation. If you didn’t own the private key of the wallet which your Bitcoin save(on this case, your friend) then it’s still risky no matter how trusted your friend is because he/she still a human that is subject to greed.

Exchange and wallets is very easy to create an account. Why you will still choose to have a risk by choosing 3rd party to handle your assets while you can do it by yourself. Anyone can do buy and hold for long term until you get profit.

There’s no excuse for this kind of behavior. The knowledge is available for all, you can learn how to trade by watching YouTube videos and reading materials online. There is no reason why you should trust a second party with your funds, many have lost their money to so called professional traders who promise to give them ROI monthly or give paid signals. Don’t fall for the trap, go for the knowledge instead. Here are some articles and links you should read to get started:
Blockchain Books, Bitcoin Movies And Documentaries  (https://bitcointalk.org/index.php?topic=5142007.msg51004107#msg51004107)
https://github.com/bitcoinbook/bitcoinbook
https://bitcoinbook.info/translations-of-mastering-bitcoin
 https://www.coindesk.com/learn

Firstly, I do not buy the idea of Trading Bitcoin (like a mere coin). Only you can conclude on this, you ascertain how far and well he is in terms of Money from your years of being friends and how trustworthy he is, the truth is money is involved and also issues always arise when it time to share quotas.

Literally, I would advise you learn yourself or better still ask your friend whom I think is good before you thought of entrusting your money to him for lectures.

I didn't even trust my parents with my money, how can you trust a stranger.

Oh look, another one who think a professional can multiply his money.

If your friend is a professional trader and can make money from it, he will not have to use other people money since he can grow his own money! trading doesn't require huge amount of money, he can start from small, so if your friend give an excuse he can't trade with small amount money, he's not a trader in the first place.

don't mix the two words which are trading and investing. if you're interested in investing then you don't really have to know so much before eventually getting started. As long as you know how to buy your coin ( by coin I 💯 mean Bitcoin), and you've also sorted out the right and safe wallet to use, you don't really need a third party to work you through the whole process. If you're talking about going into trading on the other hand, that's when you will have to talk about directing learning from someone that's already in the system so you will get the needed hands on knowledge.

But in general, having the ability to doing most of your stuff by yourself is the best thing and so you should do the needed research and ensure that you're knowledgeable enough to carry out but trading and investing responsibility all on your own.

It is not about the trust you have for your friend but understanding things better for yours. The reason why you don't need to rely on the trust you have on your friend is that your friend can't control the market or make things happen the way you want it. You don't have to do things because you trust your friend,  your friend is human which it is possible for him to take wrong decisions that won't go well with you.  I'll advise you whenever it comes to investment never let anybody to convince you to invest without you knowing about what you are putting your money in.

Make research and understand bitcoin because investment in bitcoin is personal,  you need to make decisions yourself. Investment like cryptocurrency you need to be in charge as to take full responsibility of everything.

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.

No No, you dont trust someone to trade your bitcoin with, at least I would not recommend doing it, even if that person is a very close friend or family. Unless they are your parents or your next of kin, even then it is tough to trust someone in this sphere.

You should learn trading on your own and there are immense number of articles and videos to demonstrate the same. This forum is also very helpful if you need to clarify specifics.

Anyone who has access to your wallet private key can spend your coins, please be wary of that. Secure your wallets and never store the coins on exchange wallets.

It depends how much trust you want to give to your friend. If you plan on letting your friend do trading on your behalf then I’m gonna say that might be a bit too much and you shouldn’t at all do that. However if you are just talking about taking his advices then why not?

Though we can accept some opinions of others, it’s still not recommended to just follow whatever they are saying, we also need to criticize what they are saying and check whether it might be actually the truth.

The question is if he really can be trusted? Or if you really trust this person because if you feel doubt, I suggest not to continue and better choose exchanges instead.

It was not just the TRUST of our main concern but also the confidence we have that this person ( our friend) can really take the responsibility. Many people get fooled by promises and many people lose their money from trusting a person who never knows how to value the trust we give. .

There is no problem with doing this as long as we know ourselves that this person can give us what we expect from him. But despite this, we should not give full control of our funds still, the major decision is coming from us.

There's nothing bad if the op decides to trade  his Bitcoin with his trusted friend if that will be more easier and faster for him but it becomes very risky since the op will expose him self to his friend who may be genuinely interested in doing business with the op at first but at the long run,the friend may decide to attack the op whom he's been doing business with to either get access to the phone or laptop which may lead him to stealing the funds of the op. Bitcoin is privacy, it is not wise to trade with a known person especially someone who knows your place and the things about you imo.

Why don't you learn trading yourself, if you feel you like to trade in the future, instead of putting your trust on your friend to trade for you, and you give him all the vital information that he needs to convert your funds to his.

Trust no one with money to help you do business with it, as long as they have the knowledge mote than you, they will take you to be a fool. The fact is why do you want to benefit from something that you don't know and don't want to learn it on your own to be a master of your own. It is better you don't even think of trading if this is what your are thinking about. Everyone will be held responsible for their own actions, so know what you want.

What is the role of your trusted friend?

I guess you mean your friend will play as an Escrow service provider between two trade partners that are you and another person. Escrow must be a very trusted entity because money or bitcoin will be kept / escrowed by the Escrow service provider.

If you buy bitcoin, you send fiat to the friend. Your friend confirms with the trade partner that he receives fiat from you. Then your trader partner will send bitcoin to you, and your friend will send fiat to your trade partner. Escrow is a middle man with a role like this.

There are some members with Escrow services in Bitcointalk.

• [Overview] Bitcointalk Services from Bitcointalk Members (https://bitcointalk.org/index.php?topic=5406507.msg60582815#msg60582815). Find Escrow service providers there.

Op trusting a friend isn't out of place, have seen friends turn brothers and do almost everything together but then it's not really advisable in the area of trading or investing. Trading or investing are attached with significant risks that can result to profiting or loosing which one need to settle down to learn and know what method to go about with.

Trading through your trusted friend with a huge money might not be healthy firstly it might expose you to insecurities, secondly sometimes your friend may run loss, let's say one to three times your friend run loss you might start thinking that your friend is stealing or cheating you even when he is honest and you will see gradually how your beautiful relationship will crash.

It's best to learn and know about trading or investing yourself, then work in course of your study with the method that suit you instead of trading hugely through someone else.

If it is your best friend, you can trust him and trade Bitcoin with him. But if it is someone you just met, you should not trade Bitcoin with him. We have to be careful when trading Bitcoin, especially now that Bitcoin has become more popular and many people are increasingly curious about Bitcoin.

We don't know how safe we ​​are trading Bitcoin with other people, especially people we just met. We should always be careful if we want to trade Bitcoin with other people.

Instead of entrusting your money to your friends, why don't you learn from your friends about the knowledge they have. You cannot depend on your friends, you have to learn and be independent in this matter. In this case, even though his closest friend has expertise in reading movements in the market, his chances are still 50 wins: 50 losses. Even if someone is an expert, sometimes they can still experience defeat. We can only analyze it, to be 100% successful or not, no one can predict it.

Instead of just letting them ride it, why not teach them how to drive on their own?
If they are really interested in crypto or Bitcoin they would at least make time to study or understand even the basics in cryptocurrency.
I have some friends before who wants to invest in crypto before, they want me to handle their investment so I guide them on how to buy and sell crypto as well as the trading sites that I use, I also taught them on how to participate airdrops.

There are actually two types of Gaining profit on cryptocurrency which is either investing or trading. As a total newbie I will advise you to go into investing, all what you need in investing is the appropriate wallet and the coin. For a newbie that cannot do proper research I will advise you stick to bitcoin only and the wallet suggestions are all over this forum. You can gain that knowledge here without actually needing a personal guide again.

For trading I will advise against most especially if you do not have knowledge about it. Trading is way risky such that even someone who has knowledge losses on it. So given someone your money to trade for you might be even way riskier as the person wouldn’t even apply a proper risk management since it’s not their funds.

If you insist in trading I will advice you seek the knowledge your self as that is way better than trusting your funds with another person

I don't know if OP wants to trade bitcoin with a friend or with the help of a friend, because he said that he wants to trade it "through" a friend and that can mean 2 different things.

If we're talking about selling a friend your bitcoin, it's completely fine, just remember that a friend can also steal from you and stop being a friend, but the money will be gone.
Make sure you check if the money is real and secured before you send him BTC.

If we're talking about your friend helping you trade your BTC, I think that you shouldn't do it. It's an easy task and you can do everything yourself. Don't let others between you and your money.

If it's not going to take your time, then help that friend of yours.

Because with having that person wanting to trade from you with his/her fiat, all it takes is a simple yes from you. But if you're not comfortable doing that, you're also free to decline that.

You're in no obligation of doing the deal if it seems uncomfortable to you. However, if that person insists and really want to have it then just teach them how to buy in exchanges.

Actually, this is not recommended even if it is your own friend. Since of course investing in bitcoin is about money, people's minds are very changeable and we will never know. OK, let's assume that currently there is a friend who can be trusted, but we don't know that if bitcoin increases significantly and profits double, he might steal our money or bitcoins. So the risk is very big trusting investments in other people.

The best step is to invest in bitcoin independently, even if you don't understand or don't know how it works but really want to invest in bitcoin, it's better to learn first. And it would be even better if your friends understand how to invest in Bitcoin. Learn with him instead of trusting to trade your bitcoins to your best friend. Apart from that, entrusting your trading to your own friends carries a high risk, you could lose your friend if he makes the wrong investment decision, causing you to suffer a loss.

Your question is confusing. Are you asking if a friend can help you buy Bitcoin or help you trade Bitcoin? If buying is what you are interested, you don't need anyone assistance in trying to help you. You can make use of any exchange, with a card you can buy your Bitcoin or make use of the exchange P2P and when you are done buying, withdraw it and send it to external wallet, the reason is that your Bitcoin is safe with you than any other person or the exchange.

If you are asking if a friend can help you to trade crypto, then this one is the worsy of it. Why give money to a friend to help you trade when he can trade with his own money and make the profits only him. If he is trying to help you out as a friend, it's better he teach you how to trade, let him teach you how to fish than give you fish. Have you ask him questions like how does intend to make up for losses in case he lose that money in trading risky coins.

The best way to do is trading by yourself. You can use exchange platform easily to do that, started by learning how to do that so that you can avoid high risk. It is much better to manage your own assets, trading by your own, and take the risks by your own.

Why I said this?
Because, we will never know how far and how long we will be able to believe in them. Unless they are trusted P2P. But if what you mean is doing trading with the help of your friends, it's better not to do that, it's better to just do it yourself.

However, if what you mean is that you want to buy Bitcoin from a friend you can really trust, that's called P2P. And if you really know, can meet in person, and want to carry out the interaction directly in front of you, then that can be done. It's just that in my opinion, it would be much better to buy it in the exchange yourself. Or if you use a P2P platform, make sure it is truly trusted and has a good reputation.

If you need someone else to trade for you, then you should not even be considering trading. I know you have seen people online who claim they got rich through crypto trading and maybe your friend seems to be doing well, and you also see him trading, so you believe that is how he gets his money; don't believe everything you see from afar, the reality in the actual scenario may be different.

Take note that you have no business buying BTC right now, because it is so obvious you don't understand a thing about it and you have to get some basic knowledge first, before you talk about either trading or investing in BTC.

Mate, remember that no matter how close and tight your relationship is with one another he can always betray you.

Never think that people won’t turn greedy and selfish for money even if they are your friend. Just don’t trust your money and investment to the hands of your friend completely. There is nothing better than for you to be responsible of your own profits and losses.

Trust no one! This is the primary rule on investment world.  8)

When you are tending neither to hold or trading up Bitcoin and you dont like that other people would be handling it out for you then it would be better to skip with this kind of idea.
Why? We do know that this market is really that volatile and there's no way that someone would be that sure profits. This is why if your friend do make out some assurances that
you could make money then better have those doubts. If you dont like on having those end line regrets then it would be best that you should be making on your own trades or investment decisions on which if ever it would really go south then you wont really be having that kind of regret that you shouldnt have done that.

Trade on your own, lose on your own and having no regrets but if you do trust up your friend with that kind of magnitude then go ahead. Just make it sure that you wont really be that pointing
fingers at him or making that blaming condition at the moment that youre seeing that your money is really that declining on which this is something which is really that very common.

Yes, we will never know for sure about someone's thoughts, especially when it comes to financial matters, it could be that those who can make a profit with the capital we have given them are no longer honest with those of us who have given it to them and it would be better for us not to trust them. completely on other people in terms of finances because everyone can change without us knowing.
In terms of investing in Bitcoin, I think it would be better for us to learn it ourselves if we really want to invest because it is very easy for us to learn, but we have to be patient in every learning process we do.

I think we should not trust anyone in case of bitcoin investment because sometimes due to our personal issues they can harm us by applying wrong strategies. It will be better to not trust anyone in this cruel world so you will be free of tension.

If you know about bitcoin investment then do it yourself and if you don't know anything about Bitcoin investment and are interested then first learn about Bitcoin investment then start it without trusting anyone else.

You and your friend will be placed in an uncomfortable situation if you were to give him full control of your money and financial decisions. I think it would be okay if you guys had agreed upon a professional relationship but if all you have is a friendly one then it can’t be good. Create a contract specifying the terms and conditions believe me it might be uncomfortable but it will be for the better.

If you do not want to have that kind of pressure in your friendship then learn how to do it on your own.

Did you mean that you don't have the idea about bitcoin investment or trading a bitcoin? Because if it is trading is going to take a lot of time before you can understand how it works, but I will advice you don't go into trading because trading has a high level of risk. However trusting someone is very hard mostly when it has to do with bitcoin investment I think is very risky, sometimes will still find it very difficult to trust people around us talk more of a friend, though I don't know how far you both have gone in the friendship and also the level of trust you both built for each other I think you're in the best position to decide.

I'm confused by your problem, exchange services exist in abundance so you can exchange the bitcoins you have.

And if you trust someone, you can ask them to do the transaction for you, but it seems you are skeptical about that situation because you don't have enough trust. I think any situation can happen, from stories in life I have also seen greed that makes even siblings willing to cheat, children cheat on their parents. But there are also many situations where strangers can help without any intention of benefit, after all, that is the situation where the OP will be the one who has the answer for this situation.

When it comes to money, it is very difficult to entrust other people, even your own siblings often make mistakes because of greed.

I also see something strange here even though the exchange service is quite easy to access so we don't need to ask someone to do it.
It's an easy thing to do yourself, especially since it's about money and the future, so I really don't agree with entrusting it to other people.

OP seems to give up easily, trusts easily, and also just wants to be instant without doing anything, and people like you are easily lied to and are far from success.
In my opinion, trading is not an easy job, even if your friend is a trusted and successful trader, can you guarantee that your money will increase and if it doesn't meet expectations, will you accept it? Because trading does not always produce consistent profits, even for those who are experts.
And in my opinion, it's a good idea if your friend is an expert in trading and you really want to trade, you can ask your friend to provide basic knowledge about trading. And you can develop it by looking on the internet and other places to increase your knowledge so that you can do it yourself, and I think that's much better. Because whatever happens, you yourself can feel it and maybe you too can become a successful trader.

And never trust anyone when it comes to trading and investing, and if you want one of these, you have to do it yourself and start by learning on your own until you master it, know the risks and start with small capital.

Not everyone has the same character when you deal with them. Some are trustworthy, others are not. This is a common problem that actually occurs in real life, even money can change an honest person's character into a cheater when they are in a desperate situation.

But there is one thing I want to say. Family or relatives are two important parts of life. Almost all family members can be trusted when it comes to money, but not all relatives can be trusted. If you really want to help someone buy something like bitcoin for them, then you have to be someone they trust so you have to guard that trust carefully.

People who easily trust other people are good people, but it is also a weakness that should be avoided. Don't be too kind and don't trust easily, especially strangers you have just met, but when you can never trust a single family member or relative, then you definitely have the same problem.

If you're talking about having your friend as the trader for you, the only thing that would matter in that situation would be that you do know how to find this friend, you're close with your friend's family and you have a knowledge of his possible whereabouts, I'm pretty sure that a lot of us trusts our friend but we have to understand that money corrupts everyone, it's just a matter of the amount of money in question. It's not a recommended thing for you to do what you plan to do with your money but if that's the only way, you probably need to cover your bases and make sure that you're not going to end up losing everything because your friend decided to betray you and you don't have any way to find that friend.

It's called P2P, and if you uses exchanges, P2P you might be "safe". However, as the saying goes, "trust no one" here, so it's really up to you whether you can trust your friend specially involving huge amount of money. We all know that throughout human's history, at one point many might be tested and can't be trusted with big money, just saying.

So just be careful if you decided to trade with him. It's only you that can answer if. Maybe just trade with small amounts and see how it goes.

In my opinion, if it is your close friend then there is nothing wrong with you trying to trust him. But you must always remember the important thing about trust, namely that it is not your keys, it is not your coins, and the most disappointing thing in this world is trusting other people. If you are a beginner who has an interest in investing in Bitcoin, you can try investing in small amounts through your friends. But you have to learn how to trade and store your bitcoins. Because you can't trust your best friend forever. Money can change a person. And I don't want money to ruin friendships.

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.

It is definitely better if you take your friend's help in learning. But if your friend doesn't keep your faith or fails, you may lose a lot. If you don't want to take the risk then I don't think you should tell your friend either. Because when your assets will be much more, your risk will also increase. If the key of your assets store to someone else, that money is not fully guaranteed. Although your friend may be very loyal. There are many friends who value friendship more than money. They will never betray a friend but we must be careful to stay tension free or for satisfaction and increase our security.

OP, How much you trust your friend is up to you. Since Bitcoin is a digital currency I think you should know all about Bitcoin. See the bitcoin market is always up and down, so if you let your friend trade bitcoins I think you will suffer a loss. Trade is not so easy, if trade and get money then everyone would have become a rich man in one day. I think you can take help from your friend to trade but you should not give your money to your friend to trade. Since Bitcoin is a valuable asset I would suggest that you invest in Bitcoin first, hold. Later if you want to trade and want to earn from it, then learn trading yourself, invest such amount of money that it will not cause you loss.

No it isn't proper for someone to trade your bitcoin for you,no matter how much you trust your friend it is never advisable.Why don't you learn and start trading your coin if you have an interest in trading.I don't still get this low mentality people have on themselves,if A can do it,why can't I do it,there are time you challenge yourself.Yeah we know trading is risky,but if you have an interest in trading,the risk, losses are part of the learning process as a beginner.What makes you feel like those experienced traders didn't loss,they did but counted it as nothing and continued till they adopted the best strategy that reduce the losses.

Trusting someone with your Bitcoin is a big decision. It's always good to be cautious, even if it's a close friend. Have you considered using a secure, reputable exchange or wallet for trading instead? What precautions do others recommend when it comes to trading Bitcoin through personal connections?

We have to make sure that it is a friend we trust to avoid problems between us. A good friend will not cause problems for us and will remain a good friend.

Before making a transaction with a friend, we must ask what they want. We can also make sure we have Bitcoin and he also has his money. If everything is clear, then we can make transactions with friends.

We can direct him to buy Bitcoin on an exchange if we really don't want to transact with it or have concerns about the safety of the Bitcoin we own or even ourselves. Everything will depend on the situation and conditions at that time so that we can adapt well.

By teaching our friend to buy Bitcoin on the exchange, we can at least open his mind to the possibility of buying his Bitcoin directly on the exchange without us needing to know. He can learn investing or trading after we explain more to him.

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.

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.

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.

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.

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.

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.

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:
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?

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.

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.

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.

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.

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.

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.

Entrusting Bitcoin investment to other people is certainly not the right choice because it could be that the people we entrust do things that benefit themselves without telling us or they want to try it and they don't fully understand Bitcoin and don't want to spend capital and make money. The capital that we invest as a means for them to learn will of course be very detrimental if they make mistakes in the investment that we carry out together.
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.

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.

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.

"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.

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.

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.

It is very appropriate if you entrust your investment to Bitcoin, there are many benefits that you will get when you make Bitcoin your

I love your positive outlook in life and how you always see things in rainbows but I have to tell you though, there's definitely people out there that would sell their friend and their soul for money, notice how I didn't mention how much because the amount of money that some people might do it is irrelevant, no matter how much, if greed strikes them, you're going to be in for a world regret and pain from the betrayal. Don't listen to what @Donnard33 has to say, got to understand that you can never fully trust anyone especially with this kind of arrangement, unless they make some really big benefits out of this arrangement, you should probably stay away from doing this kind of thing.

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.

Let me say you aren't clear about this, so my response will be limited to you even though I will try to make it thorough. First, you have to know the difference between trading and investment as some people mistake the two for each other. If it is about investment, why not open your own non-custodial wallet and use your credit cards to move funds into it? Better still, if your country's credit card is having issues with international transactions just like mine due to the scarcity of FX, why not open an exchange account, verify it, send funds into your crypto through P2P and move the money to the self-custody wallet?

For trading, for you to have believed you can entrust your money into the care of your friend to trade for you could mean that you can't do it yourself due to one reason or another. Although I advise people to trade by themselves, after all, they can learn it, this is still not necessary at the same time if you do not have the time or lack interest in it in direct trading, especially when you have a friend that is good at it. But wait, don't just entrust your money into the hands of your friend, ask questions, and let him give you proof that he is a good trader to avoid wasting your money. This is because trading is risky and you can easily lose your money, this happens daily.

This is not the first time a friend will entrust trading money in the hands of another friend, but they often lose the money. You may also go for the various social trading initiatives, they are viable alternatives in case you can't trust your money with a friend. In the social trading arrangement, you will only connect your account to an expert/signal provider account and you will see the account earning or losing for you. This is why you have to learn how this works so that you can research to choose the right service provider account that can be positive to your account.

Well investment ideas would be another story to tell. If that's really your purpose then it would be much better for you to prioritize sharing him the knowledge necessary for his crypto journey before his actual engagement in this industry. If you're here in this industry for long then you'd know what I am referring to. We all know how risky Bitcoin is, as an investment. It is just the misconception which pushes maany people here in particular with easy profit ideologies wherein there's no such thing.

Also to mention with pushing a trusted friend to trade Bitcoin, I would also ask why? Especially if he lacks the knowledge. We do understand that you trust him that much but it doesn't really makes sense. What's more likely to happen is for you to suffer from loss and tendency of you questioning this friend of yours.

At first, I didn't get the point of what you were saying because you didn't specify whether you were referring to P2P trading or future trading. With the help of what @Davidvictorson said and also your consent to it, I now understand that you are referring to bitcoin trading for a short-term profit. Well, I know that trading not as simple as investing, but I will advise you to learn how to trade and do it yourself. If you have the time to practice trading, do so by yourself. There are a lot of exchanges that offer demo trading features where you can learn how to trade with virtual funds. On a demo account, you can actually practice every trading strategy, learn and master your best trading strategy, which can help you become profitable while trading on a real account. 

If we apply the scenario he is thinking about, then we are only the ones who will be uncomfortable but our friend is going to be glad because he can now do a revenge but why will we make such a deal anyway if we knew that we have a personal issue with them? Although we can forget it but we can only hope that they forget it too or they now forgive us and them accepting the deal is a proof to that.

There is also a professional deal like you said there. It's a good idea to have some kind of a contract if there is a huge amount that are involved in the transaction. It helps us to avoid getting screwed by the other party or vice versa.

I don't know if I understand it correctly, but the way I understand it is, that it is the proper thing to do to trust your friend with your cryptocurrency.

I always say this as advice for newbies and one thing that I always advise them is, if they are going to invest in cryptocurrency they should do it by themselves and not let anyone invest for them, especially in cryptocurrency where it is a very risky investment, so at this question for me the answer is obviously no even though it is your friend and you trust them you should  never trust them with your investment, in my opinion, this cryptocurrency investment should just be personal, especially when it comes to money.

If you are only asking about having a trade with your friend, I mean just a transaction, it would just depend on how much you trust your friend, personally I wouldn't have any issue trading with a friend like a P2P exchange like converting my Bitcoin into cash something like that, I would probably trust my friend with that transaction, but not to the point where I would let him take my money and trade with it.

When it comes to trading generally or precisely trading Bitcoin, It is not something you have to trust someone your money to trade for you regardless of the trust that you have in the person. Bitcoin and crypto is a volatile Market and everyone needs to take the risks involve himself because there's no guarantee in the market,  And besides Op, what stops you from gaining the knowledge? since you have interest in Bitcoin and crypto investment.

Having a friend as a trading partner for these kinds of deals can be beneficial, but from my experience, it's not always practical.  The issue is that your buying and selling intentions may not align.  If you both are bulls, it's likely that you'll rarely agree on a price.  For instance, when the price surged to $60k in 2021, my friend wanted to sell, but I wasn't interested in buying.

I'd recommend this approach if you have cash and want to buy Bitcoin or if you have Bitcoin and want to convert it to cash without involving banks. 

Is there a tangible reason why you don't want to trade by yourself? If you are a kind of person with tight schedule, then the best alternative for you is to buy and hold because trading will take most of your time as a day trader but on another thought, will you be trading just Bitcoin or mix with other coins, you can't make a lot of money from trading only Bitcoin unless you have a large capital; just so you know; if Bitcoin made 1% move, you are making $1 profit from $100, $10 on a thousand capital and $100 from $10000 capital, not everyday you get a positive increment on trades, always remember that.

My advice is don't every allow anyone to manage your trades for you because you will never understand if the person made more than what is agreed or made less. If give a person to trade for you, there's risk of your money not coming back especially if you do it with someone you don't know physically so to look for him when he plan on running away with your money, there are too much risk in giving someone your trades.

I don't really know which of the trading you are talking about because we have p2p trading, or you are referring to the normal trading that everyone knows, which is crypto trading? However, if you are referring to the normal crypto trading that everyone knows seriously, I would have said that giving your friend money to trade for you because he knows how to do it better than you will be a big mistake for you. Remember that in trading, both professional and new traders can lose money, and I don't really know how much you trade with your friend, which will make you give him money to trade for you. That is too risky.

Furthermore, trading yourself will be better than giving another person money to trade for you in terms of how you trust them. If you learn and do it yourself, you will be confident in yourself, so I will advise you to learn and trade on your own if you have a passion for putting your money into trading. 

BTC is decentralized and it simply means that there is no central authority in control and every member in the community can contribute to the network and keep it running through collective effort. Take note that the BTC network in itself is safe, but if you as a person falls victim to scammers or a rug pull scam, then you will surely lose your money.

Nothing spoil friendship more than money and in business, try to keep friendship aside. Why do you need to trade Bitcoin with a friend when you have both centralized exchanges and decentralized exchanges? Assuming you don't want to trade in CEX because of KYC, there are still some you can trade that does not make KYC compulsory but you have to comply with their daily withdrawal limit. Furthermore, you can simply use DEX to trade your Bitcoin and there will be no issue. If you treasure the friendship, try as much as possible to reduce the opportunity of money transaction if that is not what brought you together, let the friendship be built on other things if it was not started through such business collaborations.

Bitcoin fraud victims usually also occur as a result of their own mistakes, resulting in our wallets being hacked. but basically bitcoin is very safe to invest in, as long as we understand it. because even though we say it is safe, many people disagree, this happens because of their lack of understanding of bitcoin, and things like that are very dangerous, it is better to keep quiet if it is not suitable for this investment

It's not, it's a dangerous and risky thing to do because greed and betrayal can get in the way of this arrangement and at the end of the day, it's possible that your friend might hit the right trade and then disappear in your life because they don't to share with you what they've got, that's a real possibility, if you really want others to trade for you, it would be in your best interest to be investing in an index funds, that way there's a fund manager that's trading for you and it's much safer because it's their duty to do their best and at the same time not to mess with your money or run away with it because they'll get a criminal case easily unlike with your friend, it's informal and they can just lie to their teeth that you didn't give them anything and that it's their money all along. If you value your friendship with that person, you'd be wise to choose not to do this kind of thing.

Putting a friend in a friend's place does not make sense to destroy the relationship while doing good business. Mistakes are often made at work and the crypto market is always up and down, so no matter how good a friend is there's always room to blame. I think it's best to do business alone rather than with someone. Here own funds will be protected and no one will get a chance to cheat.

We remain calm and learn how to trade bitcoin at our ends, no longer entrusting them to our colleagues because we know how human being behaves, this minute they're upright in their behavior, the next hour they've changed and care only for themselves. Suitable investment shouldn't be a problem for us because we've mapped out our goals and becomes very straight when it comes to hitting top targets. People makes mistakes in the space and we turn around to blame bitcoin? This is absolutely out of the picture and we should having one of the smooth run in the market.

and also  Money can break friendship and that is what made partnership goes wrong .

No and NEVER  , Bitcoin is something that you cannot entrusted to anyone because this can easily be taken and hide from you without a trace , meaning it will be harder for you to run against a friend if ever he cheated you and take your funds instead  of returning.

and also why need to consider trusting your funds when you can do it on your own? not sure what is your main motive in asking this but for me? that is something only stupid person will ever do.

People trading between other people without any form of intermediaries or centralized entities acting as a third party is the real peer to peer trading, also known as p2p.

If your friend is someone you completely trust and he (on the other hand trust you too) then why not, both of you can from time to time trade bitcoins without hassles, as long as you both are in agreement with your individually choosen exchange rate.
Like for example, I won't mention names, but I have some friends from this forum who I trade bitcoin with from time to time, we simply exchange bitcoin for fiat of usdt and vise viser when any of us are In the need of any this cryptocurrencies or fiat.
And most importantly, it will be interesting for you to note that this is the cheapest form of trading, since you won't be paying any fees, aside from the small amount the party sending the crypto will have to pay for blockchain transaction confirmation.

Is it proper for one to trade Bitcoin through a trusted friend ? For me if that is your close friend and you know what your friend doing is totally fine to trust him for trade your money. Unless your friend don't know nothing about bitcoin crypo or trading than you wrong. I mean this term is exactly same like you invest in mutual fund or you do a copy trade. Basically you need data before you trust him how much the winrate the PNL ration the drawdown everything

Your level of relationship and the life dealings you have with someone will determine the kind of transactions and trust you will have with someone when it involves money since bitcoin is one such that has to do with money for investment. However, the basic knowledge of bitcoin didn't in any way tell us to trade bitcoin through a friend or have a friend that we can trust with our crypto assets to take control of it. So, I don't see a need for one to trade their bitcoin through a friend when they can do that peacefully without no one knowing the amount of bitcoin the hodl in their portfolio

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 or not 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.

I agree I think fully entrusting everything to a friend is the mistake here but if you really want to do it then the least you can do is at least try to learn. Maybe get your friend as a guide and use his expertise so you can learn and eventually do it all in your own without the help of anyone.

Trading Bitcoin through a trusted friend could be trading Bitcoin through peer2peer with that friend and I do not see a problem with such transaction unless you do not trust that friend. If the friend has a trusted reputation then I do not mind doing business with him because I know him very well that he will not cheat me. If you trade with a stranger, he could scam you and there is no way you can get back your money but your friend knowing you would not scam you because he knows you can always find him and it will spoil the relationship you both have between yourself. If it is only business you guys are having them there would not be a problem but when you start taking investment decisions for your friend by investing for him by buying Bitcoin, then you have gone too far because you will be held responsible if the investment does not get successful

If you have no full confidence doing this p2p even if you say he is your trusted friend, why not use top trading platforms such as binance. I believe, most people are doing p2p because they want to convert their crypto to their own fiat. And now, you will be surprised that most of these top crypto-exchanges are already offering p2p services in so many fiat currencies. You can already see the trustworthiness of the buyer/seller on their star rating/feedback. So at least you already have idea of who to transact with, even if you say, they are strangers over the net.

You dont have any friends in the crypto trading sector - something you learn from experience. The people who might think as friends, you may get scammed by the same. So I would not trust anyone with my money unless I know from in real life for a long time.

For trading, it is not difficult to learn. Besides if their trading experience is poor, they can just buy bitcoin from time to time and not think about trading on it.

Never engage with anyone calling themselves some sort of "fund manager" because these scams are also common.

You are right, of course this is the wrong choice if we completely entrust the investment to other people without understanding this well and I also agree with you that it would be better for us to study well first so that we can really understand it well before choosing. to entrust the funds we have to someone, it would be very good if in the process of learning about investment there was a friend who accompanied us so that he could direct us to do the right thing with the funds we have, because without anyone guiding us in learning Of course this will be difficult to understand and we also have to be very careful with the funds we will invest, don't let us use all the funds we have and leave nothing for the emergency funds we need, of course this will not be able to achieve our investment targets.

Not for that matter. Everything related to money doesn't make me dare to give them confidence in doing it.
Selling or buying something that is processed by ourselves is different when it is processed by someone else even though that person has 99.99% trust.

This can be done through a learning process. The current learning process about buying and selling Bitcoin is quite easy and there are lots of videos to watch. Buy in small quantities first, when you can, then buy the desired amount.

I have to agree with David here. Although it takes time at the end of the day the proof is in the pudding. You should ask yourself this question, "do I always want to rely on my friend to trade my bitcoin for me? or would I rather learn and go down the path less traveled & figure this out for myself?" I think the latter is always the best route to take. You will grow from that route, you will learn & become wise with trading or at least gain experience - even if you fail! Remember failing is not a bad thing, failing will only help you persevere if you keep trying and refuse to quit!

How about learning from them since they are into Bitcoin before you?

Mind you, start doing your own research too, and when it comes yo money do not trust them too much, friends are always trusted until proven otherwise, instead of getting your heart broken its better to learn yourself

This days too many friends end up becoming betrayers, learn to do your thing with your money alone.

If you have no idea how Bitcoin works and want to invest in it, then you should get some free time to learn about Bitcoin and start investing once you become confident or risk a small amount and invest it with the help of your friend but keep in mind that holding Bitcoin is a responsibility and if something happens, I know that your friend will be blamed and it will ruin relationship. That's why I suggest you to learn yourself about how to create a Bitcoin wallet, what's a safe wallet, how to store your keys safely and etc... Then buy Bitcoin and deposit them to the wallet that you own (your keys = your coins).
This forum is full of questions, answers and resources that will help you to increase your knowledge.

Wrong choice to the fact that there's huge money involve in discussion and he might see the true color of his friend if he entrust his funds to his friend just to trade for him. OP should remember that money could expose the real attitude of people so to avoid getting any issue with his friend much better if he decide to trade for his self. Being so lazy will not gonna bring anything good to anyone so if he's really interested to trade bitcoin then maybe he should start to learn on how to do his first trade. Although we know its risky but frequent exposure on trading would provably result into good for him since he could learn a lot from his experience and learnings thru research also thru people discussions about this kind of activities.

To many people got victimized by their what so called friend friend saying that promise that their money or investment is safe with them, but it turns out nightmare to them since those people scam them.

You asking in the first place OP shows that you don't really trust your investment with your friend, and wouldn't want to trade with him...

There is no rush here, I believe you should learn how to trade yourself with the aid of your friend rather than giving him your Money, this would build your confidence and sense of satisfaction and also build your relationship with your friend because Money,causes misunderstanding, coupled with the risk involved in Trading a volatile Market like Bitcoin so as not to results to any disagreement in the future... Besides for how long are you going to be doing this when you can learn.

Depends on the friends that you have. Do you trust them enough with your money? If yes then go for it. If not then go for knowing the ropes by yourself. As what the other guy also said there's a sense of self-satisfaction knowing that you can do shit by yourself without other people helping you out. Then again, I have friends that I can trust enough with my money that I could just trade crypto with them and they wouldn't have a single thought of stealing from me, be it a dollar or a full bitcoin.

You might need some new friends who you can really trust and foster a stronger relationship if you're having second thoughts like that. In any case, always pays to know how processes work by yourself first before you ask for other people's help. Saves you all the trouble of having to wait on a friend to just be available so you can carry on with the process and all that stuff, and saves you the headache of looking for someone to blame when things go south and you lose your money :)

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.

Well this is actually quite simple for me to answer, well I have a simple principle and that's the fact that whenever it comes to anything relating to money I really don't like getting myself involved with other persons and that's because I have witnessed first hand what the greed of money can do with a man. So in this note , it's probably way best to actually do your things your way and learn from loses and progress yourself other than mixing it up with "friends"

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.

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.

I try as much as possible not to allow monetary issues to come between me and my friends, from my personal experience I wouldn't advice it. If your friend is a very good and experienced crypto trader then let him mentor you, guide you on how to become a professional trader, instead of trading on your behalf. You can not become a real trader if someone else is doing it for you, you can start with demo trading and gradually start to improve your skills before starting actual trading. What if he's making profits and is telling you that he's loosing your money, how will you know without understanding how trading works?

Money can change people so you don't need to totally trust another person with a personalized business like Bitcoin and altcoins trading. You're better off hodling your Bitcoin while you improve your trading skills and do it yourself.

Various conveniences can be found in trading because several large trading platforms already have features that make it easier for people to trade as long as they have sufficient capital.
Of course in theory we can easily say that, but we certainly have another meaning that apart from needing money, knowledge needs to be prioritized rather than handing over money to other people to carry out trades. This is no different from enjoying the profits made by one's own efforts rather than getting big profits from the efforts made by other people.

But the problem is that as OP shared, he has no intention of becoming a bitcoin trader in the near future . What he wants is to be able to make money from the market without spending time on it and relying on friends is the solution he is thinking of.

I agree that using money in relationships is very risky because it not only causes us to lose money but can also cause our relationships to fail . Therefore , OP needs to consider carefully when making the final decision . But I think this is the same as when we look for partners and colleagues to do business together, so if OP can take risks and really trust his friend, he can try . In my opinion , the important thing is that we need to calculate the risk, and if we are ready and accept it , we can do whatever we want.

The experience is very common for most people because sometimes no matter how much trust you would have on someone the moment you trust him with your money that's when you would really no the kind of person he is, so you are right because even me anything that has to do with money I never consider my friends as an option even if I may not really know how they behave towards money because just like the saying that "prevent is always better than cure" Meaning that is better not allowing it to happen than giving a friend a try and later the person start regretting why trusting him, however is better for the person to do his things by himself because sometimes fear of losing is what always hold people back so like you said learning is the best because from the mistake you will be able to perfect yourself.

Trust is something that could really be that depending on someones level of trust that they could have on a certain person on which on the moment that they will really be having that kind of deep trust
towards a certain person even if it means on entrusting money or letting them know about on other things on which it shouldnt be supposed to be known by someone. If we do talk about trading through a trusted
friend then it would be your own choice but the hard part of this one is that full transparency on which we know that we cant really be able to be so sure when it comes to this aspect because when it comes
to money then everyone could really be tempted on making some foolish actions on which some people doesnt even think about those risks of destroying their relationship or friendship that they have been for so long.

We do know that money could really destroy everything on which on the time that greed kicks in, then people wont really be able to think up well on the things that they've been
already affecting other people and this is something that you must really tend to look back and would really be acting accordingly on what are the things that you should do sensibly.
If you could trust up someone then its your choice but be sure to take up some consideration about those probabilities.

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 .


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.

Ofcourse the OP can give his experienced crypto trader friend his funds to trade for him and they will decide on how to share the profit and lose. But my concern is that crypto trading is not like the regular buying and selling business where customers buy and you make profit. Cryptocurrencies are volatile and a trader can loose his whole capital in a very short time, that is why I think that it's better for every trader to make their own decisions and accept the outcome of their trades because it's very easy to blame another person for a severe lose. So letting another person to trade for you goes beyond trusting them that they will not scam you, it's also about trusting their trading skills and decisions.

When you actually do things your self is safer and you will be able to do it every time and you don’t need to bother anyone for directions.  Either regular trading or p2p trading, it is better to just do things yourself for privacy also and that is the reason why they asked everyone to get the knowledge so that you don’t have worry when you even ask people to do things for you. I don’t think anyone should be allowing another person trade for you. The one I know that is very frequent is p2p and those doing that is because they have never ran with their money they would have learned.

When you are trading from the beginning from the option their is no helping anyone to trade, and trading is not owning miners to generate money, you have to put your mind down to learn so that you will be able to do things yourself. Nobody came with the knowledge from heaven so as far as you have interest the best you can do for your self is to learn.

I am not in a position to tell anyone that @OP's friend is trustworthy or not.  If anyone can say, I think it is @OP because he knows the person and possibly a close one since the title stated that the person to be entrusted with the Bitcoin trade is @OP's trusted friend.

Although I cannot tell whether @OP can fully trust his friend, I can at least say the possibility of getting scammed by people we trusted the most.  In several cases, people change their hue when big money is involved.  I have a first-hand experience where a trusted friend scammed me of my money when he offered an investment and put me on ignore when the time came that I had to get back the money.   

Rather than letting your friend control your fund and trade for you, why not ask him for a signal and do the trading yourself @OP?  You can always tip him some amount if the trade is successful.  This way it is much safer and remove the possibility of your friend turning to a scammer or thief.

Even if we have trusted friends, it is better to do it ourselves. We must believe with our ability, why we must get help from the friends? It is okay to get or share knowledge from the friends, but it is not a good idea to trade Bitcoin through the friends. I've an experience that the the trusted friends turns to be untrusted people when it is related to money, especially a big amount of money. People can change if they know they can get an instant money. Moreover, when they know that we trust them. They will assume that it will be easy to deceive us.

So, the idea to trade Bitcoin through friends, probably leads to an unexpected problem. Remember that people can change their nature because of money! It also can happen to our friends.

Be careful! Even if they still can be trusted until now, there is no guarantee that they will never do bad things in the future. I suggest you to never using big amount of money, it can motivate someone to steal the money! Friends are human only, they sometimes can make mistakes, too.

If op have a trusted friend and he think they can trade very well, then I see no reason why he should not ask the friend to help him trade or better still he can decide to learn how to trade from him if he like. I have some people trading for others which there is never a problem and things are going well. There is nothing wrong for us to trade for others and if op think that his friend is good enough to trade without losing the trades, then it is  a good offer because it can be a good way to earn while doing other things that will bring money for him.

No, never let a third party manage your assets because it will pose risks in the future. Trusting your friend to trade your assets means you also have to hand over your private key to him. This action is not recommended because you have indirectly given other people access to manage your wallet.
Everyone has their own life and different needs, you never know what their life will be like in the future, when they are in a difficult situation, maybe they will take some assets without your knowledge. Do everything independently, an investor certainly understands how to trade Bitcoin without having to ask for help from a third party.

Agree with you that cryptocurrency trading will be more risky and losses will occur faster if we miscalculate. But like I said, as long as OP can take risks and is willing to accept the worst case scenario then he can trust his friend. In terms of risks, I believe his friend also mentioned it to the OP and left it up to him to decide.

My point is that it will all depend on how much OP trusts his friend and how much risk OP is willing to take. Because for someone who has no intention of becoming a trader to make money on their own, there seems to be no better solution. But I guess OP doesn't trust his friend as much as I think, because if he really trusted his friend, he wouldn't come up here to ask for our advice  :D :D :D.

There are people who give their money to a fund manager the latter manages everything for them. This mindset seems wrong to me and hence I trade on my own. However certain people like it and they run it like that too, I am not aware of their profits but I would never advice someone to do that.

In case of the OP, this sounds very much like this group of people. My personal advice is always to learn about bitcoin and trade it on their own. If they are not doing that then they will lose money. I see the point of "not your keys not your coins" has been brought up. Indeed, these stubborn practices of handing over the onus of your own money on someone else's shoulders need to stop.

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.

I understand why OP has come to question this. It’s obvious that he has not gone into trading and just think that trading is just easy to gain profits so if he will entrust his funds to his trusted friend, that will eventually become a successful trade and be in profits.

Reality is any trading activity won’t even guarantee profits even if the trader itself is good and reliable enough. That’s how risky trading is, which means he should learn trading on his own so he will develop his own knowledge and skills in trading, rather than relying on a trusted friend and yet in the end, the trade itself does not end well, so that only increase the risk on losing his funds. At least if he do that on his own, he may lose on his first trade but he’ll eventually learn his own lesson and becomes a better trader the next time he’ll trade.

A trusted friend or not it is safer to trade yourself if that's what you want. I can't advise anyone to go into a business of finance with a friend without putting a legally binding or documented agreement. The world has changed, and humans are bound to change with it, someone we call a friend today might be our enemy tomorrow. It is important to ensure that there is an agreement if we want to someone else to trade for us.

At the end of the day, you have the right to your own decisions because you will be the one to take responsibility of any action you do when it comes to finance. If you choose to risk, it based on trust then fine. Just know that no one will be willing to support you when things go south in the future.

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.

It's not just about the trust here, why would a trader seek for funds to help another person trade when they can get the money by their self and enjoy the journey of money without involving anyone. I keep saying that where is there is money, people don't like to share only few will do that. So giving your friend money to help you trade is a kind of red flag. It's either the money will be eaten and forgotten or he he get a feedback that the funds were lost to trading .

If anyone don't have the time or knowledge to trade, there is alternative and you just have to be a diamond hands, it's not easy and it's not hard too but you have no option other than that one. Just hold your coin on your wallet and when you have profited enough, sell if you wish or continue to hold if you have intention of holding the coin for long.

It’ll definitely be a more trusted transaction going P2P and you will have the benefit of exchanging for whatever physical goods or cash you agree too as long as your friend is on board, if it’s higher magnitude and you’re looking to sell and get a lot of cash and your friend will buy that’s even better you don’t have to go though any third party to sell it. Less fees there etc.

Friends can be trusted but not all friends should be trusted. A lot of close friends often cause huge losses, in this case you must be careful so that close friends don't do any damage to your wallet. I had a loss in life by one of my high profile trusted friends so I always used caution from friend circles afterwards. If you want to trade Bitcoin through your friend, you must be careful because if your friend is greedy then your friend will never treat you well. Also, keep your Bitcoin wallet safe from your friends at all times as it can be compromised by anyone at any time.

Trusted as companion but for money discussion I guess everything is questionable regarding in those matters. Money could reveal the true personality of people and their friendship might get broken towards that situation. So even if we trust our friends we should never let them handle our investment or trades. Since by doing that this maybe the starting point where a conflict will be created especially  if there's misunderstanding on how they use or spend our money for those activities they have done.

Much better we trade on our own since we cannot step someone's ego and we can make sure that there's no further doubts on each result since we are the one trade for our selves. Remember money is root of evil so temptation is always there especially if there's huge money involve in the transaction.