Loaning money to buy BTC is a good choice depending if the price is at a drop that will make you be profitable when you invest it but on the contrary knowing that the price is not favourable and you tend to buy at that rate will be more frustrating cause the value will depreciate rapidly in respect to that and it'll be a great loss,so I believe it's in this regards he was persuaded to do so.yes such investment involves risks no doubts but you need to understand the right time to do so.
How would the person no is a favourable time? And also how they will no it will favour them before the time it should be because every loaning giving to someone has a date to pay back and when the time to payback comes you must fulfill the Agreement, so actually is good when it seems favourable but to achieve it is always the concern. About price dropping is very difficult to no if Bitcoin is because everytime we see it positively except is obvious of being too clear that no matter what is dropping, so if someone only plan was to snap in and get something from Bitcoin with loaning money is the worst plan.