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

[n691309]

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?

Don't know what he did with those money at that time but if he invested then he could see the profit at the halving time when the price was more than 700 USD now the price is a little lower but still bitcoin price can be increased at the end of the year.

[septian44]

The only recommendation will be trading and nothing else. Even though trading involves risk but one can make a good amount of money without the fear of being scammed.

Every other ways of investment involves a lot of risk, significantly higher than trading. You must avoid gambling and ponzis every time.

bitcoin can be an investment vehicle provides many advantages for the right time, but on the other hand can also cause loss because losing a lot of money, time and effort. all good to start investing see the price movement down and up bitcoin not everyone can do it even people who have long time

[DOGE12321]

I would recommend you to buy Bitcoin at a low price and hold it for halving. Although, the process is slow, it is almost guaranteed to give one a profit. Moreover, I would suggest him/her to also start a new account or buy an account in this forum and ask the questions that he/she has. We can give the answers to all relevant questions regarding Bitcoin.

[outatime1]

I would recommend that he/she buy $1000 worth of bitcoin and hold half of it. The other half they could use for trading to earn a little extra bitcoin.

[madwica]

I would recommend that he/she buy $1000 worth of bitcoin and hold half of it. The other half they could use for trading to earn a little extra bitcoin.

This is good recommendation and if i recommend i will choose to say like this, because as of now i only think that will brings profit is on trading method specially if you do this regularly.

[Zadicar]

I would recommend that he/she buy $1000 worth of bitcoin and hold half of it. The other half they could use for trading to earn a little extra bitcoin.

Even 2/3 of bitcoin would be kept and  hold for a long time and  the remaining would be invested on trading and other good investments which could also make heher earn extra coins
with that way he/she would be profitable in any way because he  have investments and he has savings.

[Leonard2016]

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.

pff why would anyone still buy apple stocks? i would just tell him to invest into bitcoins and easily make profit by just holding it

apple stocks is still good but if you want to invest in the stocks market you have to do it properly and with enough research to find the best opportunities and make the most amount of money from it.
just like any other investment it is better to diversify and also to invest as much as you can afford to lose.

[Yakamoto]

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.

pff why would anyone still buy apple stocks? i would just tell him to invest into bitcoins and easily make profit by just holding it

apple stocks is still good but if you want to invest in the stocks market you have to do it properly and with enough research to find the best opportunities and make the most amount of money from it.
just like any other investment it is better to diversify and also to invest as much as you can afford to lose.

The new iPhone hype already got burned today, not worth buying soon anymore. Just skip out on that and look for some other announcements coming up and buy the stock before then. The Apple shares went up $1 basically right after the announcement, so the profit you can make off of this event is basically a write-off. Maybe wait until a few weeks before the new phone comes out, then you can cash in on the Millennials getting the shittiest phone I have seen in a long time.

[JITENDERPAR3]

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?

in my opinion he is brand new user of bitcoin  and i also think he didn't want play with btc so i will suggest you to say him tha he should buy and hold btc for some months and then sell after the prices increases .

[carlfebz2]

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?

in my opinion he is brand new user of bitcoin  and i also think he didn't want play with btc so i will suggest you to say him tha he should buy and hold btc for some months and then sell after the prices increases .

Agree its better to hold than to  spend it without any knowledge since you would definitely lost those  bitcoins in no time and  its a bad thing that you cant even make money  with it. Its better to hold for longer years or months  which you can possibly   gain decent profits when bitcoin prices would go  or rise up.

[jossiel]

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?

in my opinion he is brand new user of bitcoin  and i also think he didn't want play with btc so i will suggest you to say him tha he should buy and hold btc for some months and then sell after the prices increases .

This is a good suggestion for newbies in bitcoin it is not suggested that they are going to invest immediately to trading and as well as with casino's.

It is going to be better if he is just going to hold it for a long time and going to learn more about bitcoin.

So that if he has a lot of knowledge already with bitcoin then that is going to be right time to engage in trading and other investments but of course stay away from cloud mining and hyips.

[marcuslong]

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?

if teenager are going to use money into bitcoin than buying drugs then thats nice for them and of course there  are going to support there son or daughter to do things to earn money bitcoin is just a sideline only and not stable to earn

[passivebesiege]

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?

Well if you can handle it carefully trading is the best suggestion for this , but it still teen it will hard form them to start without learning , investment in hyip and cloud mining I suggest do not try  it, much better to learn the move of the market and learn it and if you have enough knowledge then you can start trading much better if you start with small amount only.

[davis196]

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 recommend this:

40% hold the bitcoins and wait for price increase.

30% lending and 30% altcoin trading.

Off course the teenager has to be familiar with altcoin trading.

[ethereumhunter]

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 think keep amount of bitcoin is help to growing bitcoin portfolio in future, but if i can suggest, use a few of bitcoin to trading and lending on the site that really trusted. if she don't know about trading, she can learn by doing and read the information on many sources. don't invest on the site like ponzi or not trusted site, because its really risky and we don't know what happen tomorrow.

[Iceborn]

Its a pretty large amount but I must say that the teen should not invest it into the bitcoin, its too risky in my eyes and due to that not worth it, its better to just save it for later.
Just hold it on your bank account for later, maybe with some work you can than invest into the bitcoin with a small amount to start.

[newcoins1978]

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.

He can only buy one Bitcoin at the moment and to be real I do not think buying one Bitcoin is going to do much unless the price is going to rise again this year.
If that happens then he still might be able to make some money this year if not he will wait a long time.

[bravehearth0319]

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?

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If teen will be given by this amount, If he don't want to loose it he/she needs to hold it, but it will take a long time of waiting before he/she can sell bitcoins. and the other safest thing I think is, try to invest in potential ico that for sure after the ico project the price will increase.

[johnnyyash]

what i will recommend is to invest with it...there are several site to mine and gain more btc...

[Wapinter]

what i will recommend is to invest with it...there are several site to mine and gain more btc...

You are suggesting a teen to invest in ponzi and loose all money? I think he should buy some latest PlayStation or Xbox and forget about venturing into crypto at this age