Ever since i introduced my friend to the DCA method of trading in btc he has been having some good turn up but he was asking me if i can loan him some money so he can add up to boost his staking so please guys how do i go about it should i give him or i shouldn't.
First when come to investing in bitcoin we make use of money we can hold for long , and that’s the best money to build your bitcoin portfolio (in other word discretionary funds ). So loaning money for dca buying doesn’t make any sense at all so I won’t encourage such , invest according to your budget and dca will help you with your planning because you can start with any amount you wish to start with , so going for a loan , is like going beyond your budget and adds unnecessary risk .
Very right with this statement about investing in Bitcoin with money that we can afford to put aside for a long period of time and in this case the best thing to do is to stay away from loans to invest in Bitcoin since when we buy Bitcoin we don't know how long we are going to wait to see profits or even see our capital if the price dropped after we bought the Bitcoin, that is the reason that taking loans to buy Bitcoin is not a good choice and approach, regardless of wether the loan is interest free or not.