A teen is given $1K to invest into Bitcoin - what would you recommend for them?

[Vikingr]

The younger teens are much energetic, they can grab benefits from any available opportunity successfully.
With that much amount I will suggest them that in the start they should have to do some online business and after that when they get some more profit and be able to start an organization or to open an industry then they should have to invest all of their money at there.
But in the start they should have to focus on online business as ow is the time of it.

[lister storm]

i would definitely recommend the youth to try out trading cryptocurrency and see if he or she likes it as it would still be a way to make even more money from the bitcoins that he would already have

i would surely recommend to avoid gambling at all costs because it is not a good thing for a young person to be involved into as it would might even turn to an addiction that would be hard to avoid

[ElpadroBitcoin]

Let's say a young teenager is given some coming-of-age money from their family, and is interested in growing that money through Bitcoin. Without encouraging him/her to invest in risky strategies, what are some lower risk methods of growing a Bitcoin portfolio with a hypothetical gift of $1K?

He can invest it in Bitcoin but he has to know that he say to wait a while before he is going to make his money back. With 1k he can buy 2 Bitcoins if he chooses to invest in it. He will have to at least wait a year if he wants to double his money.

[Wapinter]

A teen must Learn the basic of any business that he want to invest in.Bitcoin is risky because it is irreversible.Once you sent it,you can never get it back unless receiver return it

[Rubberduckie]

the teen really only needs a couple hundred to get going.

basically just turn the couple hundred into .50 bitcoin using
local bitcoin etc. Then look for a legendary account for sale.
Im sure there is many though I have not checked. Then they
can make bitcoin each month posting and getting to know bitcoin
learning tons of things from this forum while posting. Then he
can find something to do with the other 800$

it should only take a few months to get his investment back.

[JeffBrad12]

Let's say a young teenager is given some coming-of-age money from their family, and is interested in growing that money through Bitcoin. Without encouraging him/her to invest in risky strategies, what are some lower risk methods of growing a Bitcoin portfolio with a hypothetical gift of $1K?

I am very recomendedly for this teen to hold and sell on high price, Well I think only this way have a low level risk than others, But if he want to choose the other way will always have risk with various different level, Well, only that's way to make bitcoin growing with low level risk. Basically it's a very simple way to get some profit for teen.

[adibe]

Let's say a young teenager is given some coming-of-age money from their family, and is interested in growing that money through Bitcoin. Without encouraging him/her to invest in risky strategies, what are some lower risk methods of growing a Bitcoin portfolio with a hypothetical gift of $1K?

I am very recomendedly for this teen to hold and sell on high price, Well I think only this way have a low level risk than others, But if he want to choose the other way will always have risk with various different level, Well, only that's way to make bitcoin growing with low level risk. Basically it's a very simple way to get some profit for teen.

Yes i agree with you. I think the only way for teens to invest on bitcoin is buying the bitcoin and wait until the price of bitcoin increase because i think teens better play with his friends than investing. it's not the right time.

[Doms]

Nowadays, $1K is not that huge an amount, even to the younger ones. One can be easily led to spend it on a new gadget rather than to invest in bitcoin. But if I had that amount and I was a teen, I'd buy and hold until I've graduated from college. By that time, the price would have increased to new highs and that $1K could easily be in the $5k range if kept in bitcoin for a few years.

[BitsandBites]

Let's say a young teenager is given some coming-of-age money from their family, and is interested in growing that money through Bitcoin. Without encouraging him/her to invest in risky strategies, what are some lower risk methods of growing a Bitcoin portfolio with a hypothetical gift of $1K?

He just needs to invest in Bitcoin and buy two whole Bitcoins and hold on to them. Then wait until the price rises if he can make a profit then sell them and start over again if he wants to.

[Mvaporis1961]

Buy bitcoin and either hold it or put it on a trading site to get a chance to double or increase the amount of your coins.

[ning_chang]

Let's say a young teenager is given some coming-of-age money from their family, and is interested in growing that money through Bitcoin. Without encouraging him/her to invest in risky strategies, what are some lower risk methods of growing a Bitcoin portfolio with a hypothetical gift of $1K?

I will just recommend him to judt buy bitcoin and explain what is bitcoi  halving. Or i may teach him hoe to trade or to gamble. But i will tell.him first Growing is Risking

[drwtsn32]

The safest way to invest bitcoin is to hold.

The fastest way (the most dangerous as well) is to gamble.

[Cyaren]

Let's say a young teenager is given some coming-of-age money from their family, and is interested in growing that money through Bitcoin. Without encouraging him/her to invest in risky strategies, what are some lower risk methods of growing a Bitcoin portfolio with a hypothetical gift of $1K?

I would say that since $1k isn't that much, and plus he's only a teen, so he has plenty of future instead of a pensioner who would like to conserve their wealth as much as possible. He can consider doing some more risky stuff like P2P lending and trading altcoins with that 1k. He has the potential to make a lot.

But again, if you want to be safe, then just keep that bitcoin safe in storage. That's a good investment as well.

[bitlancr]

Let's say a young teenager is given some coming-of-age money from their family, and is interested in growing that money through Bitcoin. Without encouraging him/her to invest in risky strategies, what are some lower risk methods of growing a Bitcoin portfolio with a hypothetical gift of $1K?

Yeah why not let him save his money by investing in to Bitcoin he can this way save his money and at the same time he can make more money with it in the future.

[Betwrong]

Let's say a young teenager is given some coming-of-age money from their family, and is interested in growing that money through Bitcoin. Without encouraging him/her to invest in risky strategies, what are some lower risk methods of growing a Bitcoin portfolio with a hypothetical gift of $1K?

Almost everywhere you put your money for "growing" you'll most likely lose them. The only thing I would recommend is holding. This will give you around 30% rise in one year, maybe less, maybe more, but you won't lose all your money at least.

[ripplehd]

start a stall somewhere and sell electrical merchandise to the public then later start selling games at incredibly low prices on ebay

[Joel_Jantsen]

start a stall somewhere and sell electrical merchandise to the public then later start selling games at incredibly low prices on ebay

Do you even understand what the title says ? A teen is given $1000 to invest in BITCOINS.Where does stall and merchandise come into picture ? Please read the title properly before shit posting.

[amiryaqot]

Well $1k is not a huge amount to make some quick profit now a days, i would like to advice better option to invest into bitcoin just buy coins and hold them for few months price would be doubled for sure, i don't think other method are safe to play with that amount because trading and invest in any other format can be risky.

[avikz]

Let's say a young teenager is given some coming-of-age money from their family, and is interested in growing that money through Bitcoin. Without encouraging him/her to invest in risky strategies, what are some lower risk methods of growing a Bitcoin portfolio with a hypothetical gift of $1K?

The safest way is to give that $1k to me. Lol!!! Jokes apart!!

The best way to grow bitcoin is to hold them. That's the best investment for bitcoin till date.

A big NO for ponzi or HYIP schemes. However, a limited amount of money can be invested in to p2p loans. Only a limited amount. Like 30% of the total fund.

He can also try trading with another 30% of the total fund as it is the best way to get bitcoin.

[benjidaimio]

Maybe I don't understand something, but how holding bitcoins can be considered investment?
Yeah, I know - investment is always risky; nevertheless, how can someone be assured that bitcoin price won't drop in the next several years?
IDK, if I was going to invest in BTC, I'd better collect information about trusted investment funds, where I could pay an entry fee and eventually receive some dividends (maybe).