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

Iceborn

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Quote from: Hocapoca on March 15, 2016, 04:58:52 PM

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 he is given the money to invest then he should invest in it he is just a teen so I am sure that he does not really need the money.
Let him invest because if he does he will become happy when he is a adult.

BitcoinPC

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Actually everyone have their own way to use the bitcoins. Someone prefer to save the bitcoin for a long time, even the price increased but instead of it they hold it, and someone use the bitcoin only for investment or trading, but i choice the all ways to use the bitcoins, because i hold some bitcoin for long time, and also i am doing trading. Even i also use my bitcoins in gambling.

BADecker

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If they made meteorologist trainees spend the last year of their training in the investment industry, we might get weather people who could foretell the weather accurately. Make them so that they could only pass their training if they could earn $100,000 or more in the financial markets that last year. This way they would know how to predict the future, or they would go into investing rather than meteorology, or they would find that they loved meteorology so much that they would always want to predict the weather accurately.

Cool

calkob

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I would hold and adopt the wait and see, what ever you do dont invest it, or it will disapper, i reackon it will be worth a fortune by the time they are 30. Grin

Fatanut

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I would recommend that he just keep that 1000USD in his bitcoin wallet untouched. Leaving the coins untouched = getting the whole potential earning. All he will do is wait. In the meantime, he can focus on whatever he wants to do in his life. Let him do his thing. Once he got excellent at that thing (whatever that is), he can then withdraw the Bitcoin he has been holding for a long time. He will use that money to step up his game in whatever he has been working on.

Red-Apple

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Quote from: Red-Apple on September 08, 2016, 09:19:05 AM

Quote from: sabbirshm on September 08, 2016, 09:14:57 AM

Quote from: 2legit2 on September 08, 2016, 08:57:21 AM

Quote from: johnnyyash on September 08, 2016, 04:47:37 AM

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

i would recommend to only invest their money into bitcoins i think and nothing else, that is the best investment option right now

Altcoin investment is very good for invest.But,first you have to know about it perfectly. With, good knowledge and skills you could earn decent amount very easily.

giving a teen $1000 he would most probably spend it all or at least most part of it and buys something for him/herself. very few would even consider investing money to earn more.

and i think it is best if that much is only invested in bitcoin and keep it for long term. because altcoin trading requires a long time for learning it and also a lot of time to spend doing the trades and finding the best options. it is not easy.

Of course it is not easy but as a teen somebody has much time to waste - it could be invested in learing altcoin trading or trading in general

we saying a teen should do this and that doesn't make any difference. i have been in that age some day and i didn't want to spend my (free) time learning something to be able to earn money from it. and i know very few who actually want to do this. especially if the learning process or the job itself is time consuming and hard.

posternat

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Quote from: emezh10 on September 11, 2016, 06:19:49 AM

I would recommend him to start bitcoins/altcoins trading

$1K is a nice amount. I would suggest to keep it save in bitcoin wallet, if he has no or little experience in trading.
Once getting enough knowledge he can try his luck in trading.

emezh10

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I would recommend him to start bitcoins/altcoins trading

btc_94

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Wait and see if the price dips a little again and then buy bitcoins.If you buy right now the rate of return would be very less even if it keeps on increasing as rate of increase would be very less.

Vikingr

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Quote from: bravehearth0319 on September 08, 2016, 03:50:23 AM

Quote from: Hocapoca on March 15, 2016, 04:58:52 PM

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 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.

Now no one will require a longer time to earn a bigger profit from holding their coins as the price of bitcoin has started to increase and any person who will buy now or have some bitcoins in their wallet already they will earn a bigger amount sooner within a month or two.

jak3

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I would suggest that teen to just hold the coins untill any inflation or better if it is being used for some other gurremty profit making busnesses like lending or trading only if you research before investing

tabas

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Quote from: sabbirshm on September 08, 2016, 09:14:57 AM

Quote from: 2legit2 on September 08, 2016, 08:57:21 AM

Quote from: johnnyyash on September 08, 2016, 04:47:37 AM

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

i would recommend to only invest their money into bitcoins i think and nothing else, that is the best investment option right now

Altcoin investment is very good for invest.But,first you have to know about it perfectly. With, good knowledge and skills you could earn decent amount very easily.

Well remember a teen is given that big amount and I would say trading is still not that clear to him on how it is really working. And for me it is better if that teen is just going to be safe with that amount and put that in his bitcoin wallet. And just wait for the price fluctuation so that he is going to see on how his money grows with bitcoin by just holding it.

Red-Apple

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Quote from: sabbirshm on September 08, 2016, 09:14:57 AM

Quote from: 2legit2 on September 08, 2016, 08:57:21 AM

Quote from: johnnyyash on September 08, 2016, 04:47:37 AM

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

i would recommend to only invest their money into bitcoins i think and nothing else, that is the best investment option right now

Altcoin investment is very good for invest.But,first you have to know about it perfectly. With, good knowledge and skills you could earn decent amount very easily.

giving a teen $1000 he would most probably spend it all or at least most part of it and buys something for him/herself. very few would even consider investing money to earn more.

and i think it is best if that much is only invested in bitcoin and keep it for long term. because altcoin trading requires a long time for learning it and also a lot of time to spend doing the trades and finding the best options. it is not easy.

sabbirshm

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Quote from: 2legit2 on September 08, 2016, 08:57:21 AM

Quote from: johnnyyash on September 08, 2016, 04:47:37 AM

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

i would recommend to only invest their money into bitcoins i think and nothing else, that is the best investment option right now

Altcoin investment is very good for invest.But,first you have to know about it perfectly. With, good knowledge and skills you could earn decent amount very easily.

2legit2

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Quote from: johnnyyash on September 08, 2016, 04:47:37 AM

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

i would recommend to only invest their money into bitcoins i think and nothing else, that is the best investment option right now

MyBTT

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I'm a teen. I've earned alot more than $1k. I would monitor their investments, because I myself was very tempted to purchase a laptop after bitcoin spiked. Help your kid to understand economics.

Wapinter

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Quote from: johnnyyash on September 08, 2016, 04:47:37 AM

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

johnnyyash

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

bravehearth0319

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Quote from: Hocapoca on March 15, 2016, 04:58:52 PM

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 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.

newcoins1978

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Quote from: BitsandBites on May 25, 2016, 03:02:42 AM

Quote from: Hocapoca on March 15, 2016, 04:58:52 PM

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.

Topic: A teen is given $1K to invest into Bitcoin - what would you recommend for them? (Read 9592 times)