Post
Topic
Board Speculation
Re: Borrowed $1,000,000 (1 million dollars) from my dad to invest in BTC (serious)
by
fxkevin
on 06/12/2013, 02:55:55 UTC
Bitcoin is, regardless of what anyone tells you, 100% speculative in nature.

As an immature, illiquid, and low volume market it can be manipulated quite easily which creates lots of unpredictable volatility.

I am a fan of bitcoin, this is why I am here, but as investments go it is essentially ultra high risk, and should only be funded with risk capital.

My opinion; buy BTC with 10% of your available high risk capital, put 20 to 30% in another medium to high risk fund, as your young you can afford some mid term volatility, and the rest should be in something low risk or tangible.

Cheers...