Quote from: Sonia_123 on September 08, 2025, 08:14:33 PM

Quote from: mid9tclaw02 on August 09, 2025, 10:37:40 PM

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.

It is not ideal to take a loan to invest in bitcoin because it is going to affect you, and since he his your friend he might not want to pay you back the loan which you will not be comfortable with, it might ruin your friendship, just tell him the truth that it is not ideal to invest into bitcoin with a borrowed money or a loan, but to work harder to get more income that will allow him smoothly run his investment without loaning from anyone .

Taking a loan to invest in bitcoin is dangerous with the interest and time frame to meet up, can he cope, will be pay back as at when due, how sure his be that the price of bitcoin will keep on increasing that at some point in time he will sell his profit and bay back his loan, why can he invest with what he can afford and forget about the days he cannot afford to invest until he his financially stable again to continue to invest, then he can decide to invest aggressively regularly and consistently in as much as he will not be overdoing it , until he reaches his overaccumulation stage. Don't loan him any money

Bitcoin is not a business that you can says probably if you take a loan you can recover the loan back in a short term, if the business go well for you. Bitcoin is volatile and you can never predict the market, that is why we should always invest what you can afford to lose. Because bitcoin can decrease and increase anytime he like. If you think taking a loan and investing in bitcoin is good for you, that means you won't pay back to loans for a long term and you may face many problems when the market didn't pump well and your loan as reach the actual date, you need to look for another solution.

Don't try to borrow your friend a loan if he want to used it for bitcoin investment advice him to used is personnel money that he won't used and invest in bitcoin so that even the market is not moving smoothly he won’t feel it then borrowing money and the market it bad. You will never understand your investment if you took loan because everything will be a challenging to you and you will not really balance, all your mind will always be in how to give back the loan and how the coin will raise. Tell your friend to think wisely before taking action because even if you didn't borrow him the money, he can probably try another place to get it to risk.