$5k is not such a huge amount of money, but then, its still pretty sum of money I wont be happy to lose, not going to say that investing in bitcoin come with a guaranteed profit, but then, I have my personal believe that anyone investing in bitcoin will hardly lose their money, as long as they are investing for the long term, and also not trading with the bitcoin, that is selling at a bit higher price in order to buy more back at a cheaper price, doing this is risky most especially for newbies who are yet to really understand the in and out of trading, so yeah, as long as they don't engage in this activity, chances of losing in bitcoin investment is very rare, as long as the investor invested for the long term.
Yes, however 5k is a lot of money. And when it comes to crypto investments, Bitcoin has the lowest risk of any altcoin. To be honest, I don't recommend trading for beginners, because it is riskier than holding bitcoin for a long time.
Maybe I can't recommend anything to him, and I hope he also has his own analysis with 5k to invest in bitcoin. But, maybe he can buy bitcoin in stages, so that if the price of bitcoin falls he can buy it again with the remaining money
I would classify $5k as a huge amount of money as I am already in a poor country, but no matter what you are right, as long as you go for long-term holding, there is a higher percentage that you'll be earning profit only if you are patient enough to hold it for a few years because, checking the historical data, you've seen that year by year, the price of Bitcoin goes up, so just imagine it will still continue the trend and the cycle, so it is a sure-win situation.
In my opinion, 5k is a lot or a little depending on our finances and our monthly income. But the more invest, the bigger the return, sometimes in life we may need to bet for a better future