Is it proper for one to trade Bitcoin through a trusted friend ?

[Dave1]

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'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.

[Hanadawa]

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 ?

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.

[Assface16678]

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.

[Rabata]

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 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.

[Essential10]

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.

[Fiasem20]

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.

[khalidkhan82118]

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?

[jcojci]

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.

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.

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.

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.

[CryptoHeadlineNews]

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.

[barbara44]

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.

[Silberman]

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.

[kryptqnick]

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.

[bettercrypto]

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.

[Distinctin]

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.

[Sandra_hakeem]

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?

[Kristiyana]

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.

[Nothingtodo]

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.

[oktana]

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.

[mirakal]

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.

[Russlenat]

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.