Topic: A teen is given $1K to invest into Bitcoin - what would you recommend for them? - page 10. (Read 9592 times)
March 17, 2016, 07:21:19 PM
I doubt a yong girl would be stoped hours at pc just watching altcoins and searching or doing signatures,the best option as its a young girl is just buy bitcoin and hold it the halving should bring a good interest as over the years the price must and should go up and hit the 1000 dollars and be stable above that value.
March 17, 2016, 07:15:01 PM
what are some lower risk methods of growing a Bitcoin portfolio with a hypothetical gift of $1K?
buy and hold.
controlled supply do the job ... very well over the time.
Yes i agree with you. For young teen, better to invest on easy way because young teen don't have any experience about investment and not ready for "real" investment.
March 17, 2016, 07:10:18 PM
This is actually a major flaw with Bitcoin right now- there is very little investment opportunity. Investment spending is a great way to grow an economy, and in Bitcoin's case, the price and overall market value of it. Unfortunately, it's hard for anyone outside of investment firms to make safe Bitcoin-related investments at this point in time.
March 17, 2016, 06:57:18 PM
what are some lower risk methods of growing a Bitcoin portfolio with a hypothetical gift of $1K?
buy and hold.
controlled supply do the job ... very well over the time.
March 17, 2016, 02:38:30 PM
If someone has around 1k to put in bitcoin and is ready to risk that amount of money then.
-Buying some bitcoins and holding around %50 of it for price improvement
-Wait for the halving and after it buying some cheaper equipments for mining IMO "not sure about this though since mining can be less profitable overall".
-Buying some bitcoins and holding around %50 of it for price improvement
-Wait for the halving and after it buying some cheaper equipments for mining IMO "not sure about this though since mining can be less profitable overall".
Mining will practically bring in half the reward after the halving. So no, it would surely not be a good idea to buy mining hardware after the halving.
March 17, 2016, 12:08:02 PM
I would recommend him to just buy some bitcoins and than with his money he still has left, take back to his account.
So you got some money for other things and are investing on the same moment in the bitcoin itself.
So you got some money for other things and are investing on the same moment in the bitcoin itself.
March 17, 2016, 12:06:08 PM
Bitcoin is highly volatile and hence you can earn decent amount, a few 100$ a month just by closely monitoring the rise and fall; think of it as current intraday stock trading.
March 17, 2016, 11:58:41 AM
If someone has around 1k to put in bitcoin and is ready to risk that amount of money then.
-Buying some bitcoins and holding around %50 of it for price improvement
-Wait for the halving and after it buying some cheaper equipments for mining IMO "not sure about this though since mining can be less profitable overall".
-Buying some bitcoins and holding around %50 of it for price improvement
-Wait for the halving and after it buying some cheaper equipments for mining IMO "not sure about this though since mining can be less profitable overall".
March 17, 2016, 11:50:35 AM
I think investing around 400 dollars from it and buying one bitcoin, and then using that bitcoin in trading for USD or simply holding it for a price increase, if the price improves which is somewhat likely with bitcoin volatility it will be some profit to start building on..
March 17, 2016, 08:00:14 AM
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.
Yes it the time to hold your bitcoin, as the price is increasing and within a few months due to halving the price will boost and I think will double up. So it will prove a good business and during that time he have to spend some time to learn other ways of earning. 
March 17, 2016, 05:50:41 AM
actually there are no low risk investment in bitcoin, all investment in bitcoin is high risk, it better just keep them in the wallet and when the price is right just sell it
March 17, 2016, 05:15:48 AM
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?
First of all i hope that teenager would be me .
Second if anyone give that amount to invest in bitcoins then i suggest him to buy bitcoins at low ratw and hold them and wait for the price to increase as the price increase sell your coins and you make profit.
Also you can invest your coins in trading but it is a bit tricky you need luck and strategy.
I really think that parent should go at it slowly. Give 100 USD in bitcoin, then 200 USD... and see what the teenager is doing with it. If he spends it right away... well the parent can decide to stop payments. If he tries to invest then see if he chose wisely. If he trades and lose it all then he only lost 10% of the 1000 USD.
it depends on the person and the age you are calling "teen".
for example i am comparing it with myself back when i "came of age" ~18 if i was given $1000 i would never waste it. i knew how to invest it and make more out of it by then.
p.s i already had around $1000 in my bank account by then
It's not so much about he being a teenager. The thing is that he most likely will be totally inexperienced. I was older when I received a good amount of money and I did not know how to deal with it simply because I did not learn it before. So wonder what happened... bad investments and trades. It's all about having experience.
And besides that, you might be someone who already was interested in the topic. But the teen might be one not liking to sit at the computer, playing around outside. So it's questionable that he would do it then suddenly. If so then it really would be smarter to start slow because inexperience in the bitcoin world... everyone knows by now... is very deadly.
Totally agrees with SebastianJu.
March 17, 2016, 05:06:42 AM
I'd say that just buy as much you can BTC before upcoming halving.
March 17, 2016, 05:05:55 AM
I would recommend him to save it and use it in future to start a business.
March 17, 2016, 05:04:47 AM
I really think that parent should go at it slowly. Give 100 USD in bitcoin, then 200 USD... and see what the teenager is doing with it. If he spends it right away... well the parent can decide to stop payments. If he tries to invest then see if he chose wisely. If he trades and lose it all then he only lost 10% of the 1000 USD.
it depends on the person and the age you are calling "teen".
for example i am comparing it with myself back when i "came of age" ~18 if i was given $1000 i would never waste it. i knew how to invest it and make more out of it by then.
p.s i already had around $1000 in my bank account by then
It's not so much about he being a teenager. The thing is that he most likely will be totally inexperienced. I was older when I received a good amount of money and I did not know how to deal with it simply because I did not learn it before. So wonder what happened... bad investments and trades. It's all about having experience.
And besides that, you might be someone who already was interested in the topic. But the teen might be one not liking to sit at the computer, playing around outside. So it's questionable that he would do it then suddenly. If so then it really would be smarter to start slow because inexperience in the bitcoin world... everyone knows by now... is very deadly.
March 17, 2016, 04:59:06 AM
If this teen is from America, he can buy things from purse.io by bitcoin with the discount they offer and then sell them locally for their full price. this will be a good arbitrage trade with not mush risk
Wow! nice Idea, it is a kind of attractive job and it not need any special skill and experience to start it, as nowadays everyone is well expert in buying and selling, if it proved successful then he/she can open his/her shop with it.
March 17, 2016, 04:56:23 AM
If this teen is from America, he can buy things from purse.io by bitcoin with the discount they offer and then sell them locally for their full price. this will be a good arbitrage trade with not mush risk
Wow! nice Idea, it is a kind of attractive job and it not need any special skill and experience to start it, as nowadays everyone is well expert in buying and selling, if it proved successful then he/she can open his/her shop with it. 
March 17, 2016, 04:53:24 AM
I really think that parent should go at it slowly. Give 100 USD in bitcoin, then 200 USD... and see what the teenager is doing with it. If he spends it right away... well the parent can decide to stop payments. If he tries to invest then see if he chose wisely. If he trades and lose it all then he only lost 10% of the 1000 USD.
it depends on the person and the age you are calling "teen".
for example i am comparing it with myself back when i "came of age" ~18 if i was given $1000 i would never waste it. i knew how to invest it and make more out of it by then.
p.s i already had around $1000 in my bank account by then
March 17, 2016, 04:33:50 AM
I really think that parent should go at it slowly. Give 100 USD in bitcoin, then 200 USD... and see what the teenager is doing with it. If he spends it right away... well the parent can decide to stop payments. If he tries to invest then see if he chose wisely. If he trades and lose it all then he only lost 10% of the 1000 USD.
March 17, 2016, 04:17:54 AM
you just need to invest right? so, buy bitcoin at the lowes point and then sell the bitcoin at the higher point of the month, it's simple and less risk compared to trading or any other effort to grew up your bitcoin
You are absolutely right but only do simple thing like that as you say ? how if while she/he want to do that as soon as she/he can but at the same time bitcoin price at the highest rate ? Should she/he wait the price down until lower price ? And Only stuck at that condition without do anything ? I think she/he must find many plans as reserve.
I think a teen will need to learn many things related to bitcoins before investing into it, as no body is sure when to buy and when to sell as we don't don't what is the right time to do that.
I Learned a lot from trading at Yobit (Though i didn't put tons of money into it)
I still have many things to learn about trading but I don't mind learning more and more about it
I wish i can make a profit for once on trading, too bad i never get any of it
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