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.
Cash doesn't grow 2000% a year. In fact from the moment you receive it inflation starts eroding its value. FIAT currencies have a 100% failure rate. They all fail eventually. So is FIAT safer than Bitcoin? Absolutely not. 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. The best approach is obviously to have both.
No doubt. And possible double that with time or crash to half.
My point isn't whether BTC is valuable or not but rather, that the volatile price makes it a risky proposition compared to the dollar.
Then again, no pain no gain