Topic: A teen is given $1K to invest into Bitcoin - what would you recommend for them? - page 3. (Read 9592 times)
September 07, 2016, 01:09:57 PM
Buying some bitcoin and holding them till prive increase is a basic idea but it is helpfull and profitable.so if you want to earn money then keep it simple
September 07, 2016, 12:03:05 PM
Trading is not for students and is not recommended to grow your bitcoins as there is the risk to lose all of the 1000 USD in bitcoin. Not much alternatives in the market today. You can start to become a trusted currency exchanger. Deal only with trusted members here after checking their history is a good way to grow the amount of bitcoins you have. Go to the Currency Exchange board here -https://bitcointalk.org/index.php?board=53.0
September 07, 2016, 11:11:43 AM
A lot of people advice them to trade.
Trading can be difficult for a teenager. They need not just advices, but knowledge about trading. I mean up to the technical parts.
Trading can be difficult for a teenager. They need not just advices, but knowledge about trading. I mean up to the technical parts.
September 07, 2016, 10:55:27 AM
1) Be updated on BTC current prices
2) Buy them when they're low
3) wait.. wait.. wait..
4) watch the graphs once again
5) Sell them when they go higher in price
2) Buy them when they're low
3) wait.. wait.. wait..
4) watch the graphs once again
5) Sell them when they go higher in price
September 07, 2016, 10:50:27 AM
The thing I would do is invest it into the bitcoin for a short time and than cash it out so you can make some profit but not much, with 1k you should not stunt and its also that its a teen they need money in my eyes.
I think that investing is good because you can learn from it but not with big risks involved.
I think that investing is good because you can learn from it but not with big risks involved.
September 07, 2016, 10:45:55 AM
I'd suggest they get what they need to sell a product or service related to or at least primarily accepts bitcoin. That way they have a way to make more and more bitcoin as well as help spread bitcoin adoption and usage.. Anything left, they should obviously put in cold storage.
September 07, 2016, 10:27:07 AM
If it was a teen I'd advise him/her to simply buy $1000 worth of bitcoin, put them in cold storage & HODL.
A teenager shouldn't need quick money so they could afford to HODL & hopefully in 10-15 years see their bitcoin's massively grow in value.
A teenager shouldn't need quick money so they could afford to HODL & hopefully in 10-15 years see their bitcoin's massively grow in value.
September 07, 2016, 09:26:34 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?
I think that it is a good idea to invest in Bitcoin as a teen but if I was a teen I would not spend my money on Bitcoin. I would rather buy a Ps4 or something else that is cool for teens.
September 05, 2016, 12:26:40 PM
If you think of growing your $1k then its pritty hard but if you want to grow your bitcoin which are wroth of $1k now then it is possible so first clear this
September 05, 2016, 12:19:59 PM
If the teen want to earn in bulk then I would suggest to invest in mining site. I recommend coince but I am not responsible for any loss becau4 I had benefited almost $50 from that site. But if he want to earn slowly then i would suggest to trade or buy share of some organization , they will pay profit per share.
September 05, 2016, 12:00:58 PM
It’s an interesting case. I would suggest him following things,
# 1. Systematic Investment Plan – According to this method, one should purchase small units during specific intervals of time. Example – Purchasing $10 worth of bitcoins daily or weekly. This gives advantage of cost averaging technique and reduces the chances of losses due to price fluctuations.
# 2. Reinvestment – Acquiring coins is not enough if he is expecting extraordinary results. He can earn good profits if he reinvests his holdings.
# 3. Diversification – It’s like a gamble if he is investing all of his holdings at one place. I would advice not to keep all eggs in one basket.
# 4. Own Research – Don’t invest based on other’s opinion, do your own research.
# 5. Prepare to Lose – He shouldn’t expect security especially in this revolutionary technology. He might lose all of his investment so be prepared to lose his capital even if it’s invested in safest options.
That’s it.
# 1. Systematic Investment Plan – According to this method, one should purchase small units during specific intervals of time. Example – Purchasing $10 worth of bitcoins daily or weekly. This gives advantage of cost averaging technique and reduces the chances of losses due to price fluctuations.
# 2. Reinvestment – Acquiring coins is not enough if he is expecting extraordinary results. He can earn good profits if he reinvests his holdings.
# 3. Diversification – It’s like a gamble if he is investing all of his holdings at one place. I would advice not to keep all eggs in one basket.
# 4. Own Research – Don’t invest based on other’s opinion, do your own research.
# 5. Prepare to Lose – He shouldn’t expect security especially in this revolutionary technology. He might lose all of his investment so be prepared to lose his capital even if it’s invested in safest options.
That’s it.
August 28, 2016, 10:22:24 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?
Well there are a lot of things that him/her can do with $1K in bitcoin but most of them are quite risky like trading, gambling, etc. so I think the safest way to gain some profit is just hold it and wait for its price to rise then cash out at the right time. If they want that money to be more secured then divide that bunch of money to many parts and save them in many wallets so it will reduce the risk of being scammed. August 28, 2016, 09:47:16 AM
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.
Every other ways of investment involves a lot of risk, significantly higher than trading. You must avoid gambling and ponzis every time.
Yeah, trading is a better suggestion for him, as teenagers can learn anything and they will sooner learn to do trade, so he will be millionaire with that amount.
And if they are not expert in trading then they do not have to trade as with that they will lose all of their money so the better suggestion for them will be to store that money into bitcoin in their wallet and have to wait for the future so that to get the profit with price rise of bitcoin.
August 28, 2016, 09:35:59 AM
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.
Every other ways of investment involves a lot of risk, significantly higher than trading. You must avoid gambling and ponzis every time.
Yeah, trading is a better suggestion for him, as teenagers can learn anything and they will sooner learn to do trade, so he will be millionaire with that amount.
August 28, 2016, 09:30:18 AM
Invest 70 percent of bitcoins in some good ICOs like Antshares, Strats and maybe into ICONOMI. And keep the rest of the bitcoins locked away for some time. I don't recommend you to trade. Its really risky. If you want to trade badly then do some trades with 10 percent of your bitcoin and be ready to throw it away as its not easy make money out of trading unless you are very good at it.
August 28, 2016, 09:23:21 AM
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.
Every other ways of investment involves a lot of risk, significantly higher than trading. You must avoid gambling and ponzis every time.
August 28, 2016, 02:57:09 AM
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.
August 28, 2016, 02:52:57 AM
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).
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).
August 27, 2016, 08:57:20 PM
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
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
August 27, 2016, 08:48:31 PM
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
For the trading this is.best way to earn more money
And hold and wait for the price is high and then sell
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