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
Investing with loans is very dangerous, I appreciate your comment. Investing with loans is very dangerous because he knows that the market cannot give him the certainty that when he can profit. He needs to know that the market is always changing and risky, if he invests with loans and his loan term expires, if it is time to repay his loan, he will have to sell his investment and he does not know whether he will profit from his investment. So it is better for him to refrain from using such strategies. I think if he does not have much money to invest, he can use some strategies that will make it easier for him to accumulate his bitcoins. So I think they should use the DCA method, if he uses the DCA method, his bitcoin investment will be long-term and he will be able to accumulate his bitcoins for a long time.