I'm a new investor who is talked about Newbie, and I'm know Bitcoin by Ebooks and Internet.
I found that the history of Bitcoin is relatively short, to talk about benefits, it is digital currency, not through convenient medium and relatively fast. But there are many limitations, it is anonymous and easy to be Hackers possession, difficult to universal throughout the world as well as all types of business. I want to borrow money from my parents to buy more Bitcoin, because I believe the value is increasing but they still doubt it is multi level ponzi, should I invest a lot here or not? I need more advice. Thank all of you a lots.
Well, some people would say borrowing to invest is not their thing but for me, I will borrow to invest or to save life. Having said that, if you believe in a thing like bitcoin to make profit, it could be wise.
I also think it is better done with better timing like a post above said, with the example of buying higher in $20,000 and lower in $6,000. Check for timing.