The Worst Mistake Bitcoin Investors Can Make Right Now
Some experts say bitcoin will reach $1 million by 2020. Others have gone so far as to call the digital currency a fraud. Whether you're in the optimistic group, the pessimistic group, or somewhere in between, there's a reality check that anyone who invests in bitcoin or other digital currencies needs to hear: Buying bitcoin with borrowed money is a terrible idea.
While many people have certainly made lots of money on bitcoin, that doesn't mean the price will continue to go straight up forever. Even if bitcoin does end up with a million-dollar price tag, as some experts have predicted, it won't get there in a straight line. And if things go sour, bitcoin's price can drop fast.
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Source: Fool.com
