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

[pariahbit]

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).

Investments don't guarantee profit, you answered your own question. The guy buying armfuls of scratch tickets is also, technically, an investor. Not a smart one, but that's a different issue.
That said, just how much molly can a teenager with $1k get nowadays? Hypothetically, of course. But not that filthy shit that's like all brown that you don't even know how much to take.

[regor]

You could try peer to peer loans. They don't pay as much as the risky strategies but they'll definitely grow your portfolio a bit.

[BTCLovingDude]

You could try peer to peer loans. They don't pay as much as the risky strategies but they'll definitely grow your portfolio a bit.

loans in bitcoin is dangerous enough as it is anonymous and with all the scammers online.

so that it is why i think investing the 1K$ is not a good idea to do it all in loans because you can lose all of it in one place to a scammer.

[Bitcoinbro]

Buy coins or go home. If he wants to invest then stick to proven and regulated markets. Otherwise he's gojng to get raped.

I would recommend to him that he has to save them because the Bitcoin is going to be more valuable in the future. He can make allot of money if he does it right.

[akamit]

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 safe methods of growing a Bitcoin portfolio with a hypothetical gift of $1K?

Others may come along with more helpful information,
but there are basically two types of investments with bitcoin, IMO:

1) Risk Investments (lending, ponzis, gambling, altcoin trading, btc trading, chinese online wallets give interest (may be scams IDK) etc)
2) Holding Investments (just hold for a decade or two and profit)

If there were truly safe methods of actually growing your btc, I want to know as well.

I totally agree with Agentofcoin.
I think he answered the best out of best.

And another legit way could be (if you have source), buy some goods with 1k and sell it here.
It could be anything from digital goods to cloths. But it should be exceptional, people should like the goods at their first look.

Good Luck

[rio3233]

I think just invest into bitcoin and hold it until the halving is a good idea and i'm sure gambling is not the answer. When he/she holding his bitcoin, he can try learn about trading though.

[robelneo]

Since he is still a teenager we would not want him to get into risky investment or gambling,so my advice  for him is to buy bitcoin and hold it until he already made a profit from the price increase,it's hard for a teenager to enter into this any trading or gambling stuff..

[bloodnest]

Without reading any other reply, holding will always come first to mind when it comes to that kind of scenario so I suggest that.

[PieCrafted]

The lowest risk would be just buying the bitcoins with that amount and holding it, There are some investments in the bitcoin world but all are risky money investments. I would suggest to that person to invest a small amount in exchanges and exchanging BTC to USD...

[wintermeasures]

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 Recemond Him To Firstly Divide Your Capital Into Parts and Then Invest Them Into Various  Ways Of Growing Money Like:-
1) You Can Start Investing Your Money In Bitcoin Or Altcoin Trading.....
2) You Can Hold Your Bitcoins For a Price Increase and Then Sell Them For Decent Profit...
3) Or You Can Invest Your Money In Casino Bankrolls To Grow Them But Don't Invest your Whole Money Into One Casino.....

[funbarrel]

You could try peer to peer loans. They don't pay as much as the risky strategies but they'll definitely grow your portfolio a bit.

i would definitely not do that, in my opinion it might be really risky either, i would just gain experience in crypto trading and then do that

[kneim]

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?

Because my answer is an answer to all 7 billion human mankinds on earth, I can tell you for sure, there is no possible way of "growing that money", but with your hands work (or stealing).

Indeed there is a way for growing your savings, as long as greedy and selfish people are existing on earth. Natural rules allow you to take their money, and give it back to nature. But this can only happen with yourself beeing frugal and generous. Do it the natural way, distribute and rebalance your assets from time to time.

[agamasrori]

However, only holding bitcoin is an investment to . Hold until the price up sell. For me teeneger was smart enough to join a signature campaign. Why don't teach them to do work to get more bitcoin. This year 2016. In my country, so many kids aged 8 above can use smartphone. They have social media account to. So I think signature campaign will similliar with social media.

[warwar]

You could try peer to peer loans. They don't pay as much as the risky strategies but they'll definitely grow your portfolio a bit.

i would definitely not do that, in my opinion it might be really risky either, i would just gain experience in crypto trading and then do that

Yeah you are right it is really risky  . Trading and the gambling the the good source of it but you dont have luck then dont do in gambling they just get your money haha or if you have skills then go to trading but for me i dont have both of it so i just want to store it and wait until the price of bitccoin bigger

[ShrykeZ]

Research and learn, make sure that it is the decision you want to make, don't do it on a whim.

[JeffBrad12]

Since he is still a teenager we would not want him to get into risky investment or gambling,so my advice  for him is to buy bitcoin and hold it until he already made a profit from the price increase,it's hard for a teenager to enter into this any trading or gambling stuff..

because the basically teen is not having a more experience in bitcoin and especially for the invest section and then better just giving an easy way for a teenager for investing their money. but i think teenager is still need an education for them.

[bitcoin31]

I think the best way to do with one thousands dollars  worth of bitcoin are
For the trading this is.best way to earn more money
And hold and wait for the price is high and then sell

[xuan87]

I think the best way to do with one thousands dollars  worth of bitcoin are
For the trading this is.best way to earn more money
And hold and wait for the price is high and then sell

It is true that trading seems like the most appropriate way to grow the coin , however we are talking about teenager, trading is not as simple as that, you need to pay attention to the update news all the time and you need skill also patience, for me the greatest investment now is invest in casino

[Betwrong]

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).

That's because you've probably had no experience with other investments. All of them are as risky as investing in Bitcoin to say the least. If only we can have stats for all investments we'd see, I'm sure, that those who invested in Bitcoin in the past years have lost much less than those who invested in other things (even the "trusted" ones).

[mindrust]

I would advise him to Buy apple stocks with the half, buy tesla with the other half. Come back when you become a man in 10 years, take your free tesla car and iphone future. Alternatively you can invest in Bitcoin but I don't recommend it.