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rienelber
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March 18, 2016, 05:32:32 PM |
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Well, I believe the best and safest way is just by holding it and wait til the price increase, because the teen wouldn't lose anything and the price would definitely increase...
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ahpku
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March 18, 2016, 05:39:00 PM |
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>A teen is given $1K to invest into Bitcoin - what would you recommend for them? Run, kid. Run!  Not even once. |
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SebastianJu
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March 18, 2016, 08:19:27 PM |
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I would recommend him to Giveaway 50$, invest 200$ and gamble 300$ keep the 450$ safe
Worst advice in the thread yet. Give and gamble away alreay $350 without any use from that. Investing... well, it will be lost in 99.9% too. Not only half of it would stay. |
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honeyhtet
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March 19, 2016, 10:06:39 AM |
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Investing all the 1K in BTC and keeping them for a price increase, or maybe buying some mining equipment's with it if there price become favorable "with just some of it of course".
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richmcrich
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March 19, 2016, 10:49:36 AM |
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I think just investing a small amount of it in bitcoin is a good strategy and holding some as USD in a good exchange and waiting for the good time to buy bitcoin at to get the most possible bitcoins for there USD.
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Inauk
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March 19, 2016, 11:15:39 AM |
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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?
there is no safe methods, thats the first and most important rule to understand, but if you ask me, i suggest you to hold your btc, we are into an important halving year, so maybe in a "short" time thats the best thing you can do. |
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SebastianJu
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March 19, 2016, 12:15:44 PM |
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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 $1K?
there is no safe methods, thats the first and most important rule to understand, but if you ask me, i suggest you to hold your btc, we are into an important halving year, so maybe in a "short" time thats the best thing you can do. Sad but true. Most early adopters had to learn that the hard way.  The thing someone has to keep in mind way more than any yearly return that sounds nicely high is... you lose all your investment when investing. Instantly. And it is not the question if you get the yearly profit on top... the way more important question is if you get your investment, that you already lost then, back. |
Please ALWAYS contact me through bitcointalk pm before sending someone coins.
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CasioK
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March 19, 2016, 04:13:01 PM |
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the better method to invest, is to save all of the bitcoin bought, do not move any bitcoin. why? because the world of bitcoins are full of (probable) scam.
Yes, 1k US dollars are very big amount. The teen can start a good bussiness with 1k$ . If he wan't to do something online then I think he should try web business because with web business he can get his 1k$ in only 3 or 4 month if he work with dedication and keep focus on his work. |
INVALID BBCODE: close of unopened tag in table (1)
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SebastianJu
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March 19, 2016, 06:28:09 PM |
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the better method to invest, is to save all of the bitcoin bought, do not move any bitcoin. why? because the world of bitcoins are full of (probable) scam.
Yes, 1k US dollars are very big amount. The teen can start a good bussiness with 1k$ . If he wan't to do something online then I think he should try web business because with web business he can get his 1k$ in only 3 or 4 month if he work with dedication and keep focus on his work. What web business do you have in mind so that you can state such special numbers? I think it must be something special to reach that. |
Please ALWAYS contact me through bitcointalk pm before sending someone coins.
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kingaltcoins
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March 19, 2016, 06:33:10 PM |
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I would suggest you not to encourage investing in bitcoin. This is because he is a teenager and he will probably end up getting scammed by some hyip schemes which he might think as legit after his first look into it.
In case he knows more about bitcoin and is kinda amateur then he might try out investing in some cloud mining contracts like hashnest. It seems preety safe to me as of now.
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kyrios_
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March 19, 2016, 06:35:42 PM |
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I would suggest you not to encourage investing in bitcoin. This is because he is a teenager and he will probably end up getting scammed by some hyip schemes which he might think as legit after his first look into it.
In case he knows more about bitcoin and is kinda amateur then he might try out investing in some cloud mining contracts like hashnest. It seems preety safe to me as of now.
Hashnest prices kinda high now. Doubt he will get ROI unless he trades it smartly |
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SebastianJu
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March 19, 2016, 06:46:37 PM |
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I would suggest you not to encourage investing in bitcoin. This is because he is a teenager and he will probably end up getting scammed by some hyip schemes which he might think as legit after his first look into it.
In case he knows more about bitcoin and is kinda amateur then he might try out investing in some cloud mining contracts like hashnest. It seems preety safe to me as of now.
Hashnest prices kinda high now. Doubt he will get ROI unless he trades it smartly When block halving happens in 5 months then those contracts suddenly will be worth much less. I guess people will try to dump their contracts in masses shortly before halving. Maybe some of them are stupid and sell in panic way lower than block halving makes sense. |
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DimensionZ
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March 19, 2016, 06:49:57 PM |
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If he is given $1000 for free he shouldn't invest anything he is generally receiving a gift of 1 grand. If he is wise he should just put it in a wallet and let it stay there because the price will certainly rise and thus provide a higher interest rate than if he is using a savings account worry-free!
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bitgolden
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March 19, 2016, 07:04:34 PM |
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Well, I believe the best and safest way is just by holding it and wait til the price increase, because the teen wouldn't lose anything and the price would definitely increase...
If the teenager is new to bitcoin and do not know that how and where to invest it then definitely he/she have to hold them as for them it is the only way of investment and to increase it. |
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lixer
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March 20, 2016, 06:04:27 PM |
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Well, I believe the best and safest way is just by holding it and wait til the price increase, because the teen wouldn't lose anything and the price would definitely increase...
If the teenager is new to bitcoin and do not know that how and where to invest it then definitely he/she have to hold them as for them it is the only way of investment and to increase it. It is true that he/she have to hold their bitcoin but at the same time they have to give some time to learn about the price strategy of bitcoin and its trading, so that in time when there is insecurity of price drop they will secure their money. |
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beerlover
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March 20, 2016, 06:53:31 PM |
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I would recommend him to Giveaway 50$, invest 200$ and gamble 300$ keep the 450$ safe
Worst advice in the thread yet. Give and gamble away alreay $350 without any use from that. Investing... well, it will be lost in 99.9% too. Not only half of it would stay. Yeah giving and gambling is already counted in lose, Only holding will give some benefit at the price increase with halving while if he/she is expert in some business then he/she will not that amount also. |
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teddy5145
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March 20, 2016, 07:09:49 PM |
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I would recommend him to Giveaway 50$, invest 200$ and gamble 300$ keep the 450$ safe
Introduce a teen to a gambling where his mental is still not stable and easily to get addicted Yea, what could go wrong I've set my foot on gambling and it was a bad experience, it took me pretty hard to get off my addiction So yea, worst advice and i hope no one will follow your advice  Gambling doesn't bring you profit most of them time, only misery  |
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coinplus
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March 21, 2016, 05:48:17 AM |
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Investing all the 1K in BTC and keeping them for a price increase, or maybe buying some mining equipment's with it if there price become favorable "with just some of it of course".
I will suggest only two out of them, one is he/she should have to start any offline or online business and the other is that; Hold them. If he/she is not expert in offline business then online business is much easy. |
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Novep
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March 21, 2016, 05:54:40 AM
Last edit: May 16, 2016, 06:42:31 AM by Novep |
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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'll suggest that teen to keep half of it then invest the remaining $500 on bitcoin. Keep the bitcoin safe in your wallet and wait for the price increase. For the other half, use it to invest in materials that will help you ean more bitcoin like a cheap mining rig for bitcoin or for an alt coin. |
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Rubberduckie
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March 21, 2016, 06:30:28 AM |
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I would go with trading it. Its only a grand and they can learn the value
of money early along with how important it is to make money to invest.
If they lose it, its a cheap lesson on how risky trading can be and maybe saves
them thousands when they are older and make real money. Either way they
arnt gonna learn anything just saving it. I think taking chances while young is
smart.
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