Topic: A teen is given $1K to invest into Bitcoin - what would you recommend for them? - page 5. (Read 9592 times)
June 09, 2016, 03:25:09 AM
start a stall somewhere and sell electrical merchandise to the public then later start selling games at incredibly low prices on ebay
June 09, 2016, 03:10:52 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?
Almost everywhere you put your money for "growing" you'll most likely lose them. The only thing I would recommend is holding. This will give you around 30% rise in one year, maybe less, maybe more, but you won't lose all your money at least.
June 09, 2016, 03:04:55 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?
Yeah why not let him save his money by investing in to Bitcoin he can this way save his money and at the same time he can make more money with it in the future. 
June 09, 2016, 02:32:05 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 would say that since $1k isn't that much, and plus he's only a teen, so he has plenty of future instead of a pensioner who would like to conserve their wealth as much as possible. He can consider doing some more risky stuff like P2P lending and trading altcoins with that 1k. He has the potential to make a lot.
But again, if you want to be safe, then just keep that bitcoin safe in storage. That's a good investment as well.
June 09, 2016, 02:30:38 AM
The safest way to invest bitcoin is to hold.
The fastest way (the most dangerous as well) is to gamble.
The fastest way (the most dangerous as well) is to gamble.
June 09, 2016, 01:59:49 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 will just recommend him to judt buy bitcoin and explain what is bitcoi halving. Or i may teach him hoe to trade or to gamble. But i will tell.him first Growing is Risking 
June 09, 2016, 12:13:39 AM
Buy bitcoin and either hold it or put it on a trading site to get a chance to double or increase the amount of your coins.
May 25, 2016, 03:02:42 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?
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. May 24, 2016, 11:22:52 PM
Nowadays, $1K is not that huge an amount, even to the younger ones. One can be easily led to spend it on a new gadget rather than to invest in bitcoin. But if I had that amount and I was a teen, I'd buy and hold until I've graduated from college. By that time, the price would have increased to new highs and that $1K could easily be in the $5k range if kept in bitcoin for a few years.
May 24, 2016, 08:36:39 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?
I am very recomendedly for this teen to hold and sell on high price, Well I think only this way have a low level risk than others, But if he want to choose the other way will always have risk with various different level, Well, only that's way to make bitcoin growing with low level risk. Basically it's a very simple way to get some profit for teen.Yes i agree with you. I think the only way for teens to invest on bitcoin is buying the bitcoin and wait until the price of bitcoin increase because i think teens better play with his friends than investing. it's not the right time.
May 24, 2016, 07:18:07 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 $1K?
I am very recomendedly for this teen to hold and sell on high price, Well I think only this way have a low level risk than others, But if he want to choose the other way will always have risk with various different level, Well, only that's way to make bitcoin growing with low level risk. Basically it's a very simple way to get some profit for teen.
May 24, 2016, 07:02:29 PM
the teen really only needs a couple hundred to get going.
basically just turn the couple hundred into .50 bitcoin using
local bitcoin etc. Then look for a legendary account for sale.
Im sure there is many though I have not checked. Then they
can make bitcoin each month posting and getting to know bitcoin
learning tons of things from this forum while posting. Then he
can find something to do with the other 800$
it should only take a few months to get his investment back.
basically just turn the couple hundred into .50 bitcoin using
local bitcoin etc. Then look for a legendary account for sale.
Im sure there is many though I have not checked. Then they
can make bitcoin each month posting and getting to know bitcoin
learning tons of things from this forum while posting. Then he
can find something to do with the other 800$
it should only take a few months to get his investment back.
May 24, 2016, 06:18:22 PM
A teen must Learn the basic of any business that he want to invest in.Bitcoin is risky because it is irreversible.Once you sent it,you can never get it back unless receiver return it
May 24, 2016, 04:43:30 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 can invest it in Bitcoin but he has to know that he say to wait a while before he is going to make his money back. With 1k he can buy 2 Bitcoins if he chooses to invest in it. He will have to at least wait a year if he wants to double his money. May 24, 2016, 03:25:15 PM
i would definitely recommend the youth to try out trading cryptocurrency and see if he or she likes it as it would still be a way to make even more money from the bitcoins that he would already have
i would surely recommend to avoid gambling at all costs because it is not a good thing for a young person to be involved into as it would might even turn to an addiction that would be hard to avoid
i would surely recommend to avoid gambling at all costs because it is not a good thing for a young person to be involved into as it would might even turn to an addiction that would be hard to avoid
May 24, 2016, 01:44:50 PM
The younger teens are much energetic, they can grab benefits from any available opportunity successfully.
With that much amount I will suggest them that in the start they should have to do some online business and after that when they get some more profit and be able to start an organization or to open an industry then they should have to invest all of their money at there.
But in the start they should have to focus on online business as ow is the time of it.
With that much amount I will suggest them that in the start they should have to do some online business and after that when they get some more profit and be able to start an organization or to open an industry then they should have to invest all of their money at there.
But in the start they should have to focus on online business as ow is the time of it.
May 24, 2016, 01:36:01 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 safe methods of growing a Bitcoin portfolio with a hypothetical gift of $1K?
Without encouraging him/her to invest in risky strategies, what are some safe methods of growing a Bitcoin portfolio with a hypothetical gift of $1K?
Others may come along with more helpful information,
but there are basically two types of investments with bitcoin, IMO:
1) Risk Investments (lending, ponzis, gambling, altcoin trading, btc trading, chinese online wallets give interest (may be scams IDK) etc)
2) Holding Investments (just hold for a decade or two and profit)
If there were truly safe methods of actually growing your btc, I want to know as well.
May 24, 2016, 01:32:09 PM
You can buy a fullmember or senior member account and enroll in a signature campaign.You can earn about $30 usd per month.
May 24, 2016, 12:19:10 PM
1K $ money is too much for a teen to handle mostly because of the lack of experience. but as far as i am concerned i would invest it all into bitcoin and place the coins in a cold storage for the future price rise.
May 24, 2016, 11:45:01 AM
I would recommend him/her to not invest bitcoins for now and wait for the end of halving period .that was the best idea to earn a profut then after that i would recommend to invest it on trading but a little bit only for starting and practicing how to do trades .
Investing in bitcoin is good idea but first he should be aware about bitcoin, and he also need to take care that he doesn't invest in cloud mining or doubler site.
Your right he can invest on different sites. Mining,Trading,HYIP, but the main point on how you will earn and almost a little bit loss is to broke your capital into 5, 10, 20 plan. Meaning if you want to invest on hyip, come up with 20 sites to invest from so you will not loss all of them when they became scam sites. 10 Mining sites will be great you will have your ROI on 3 months or 4 months and from there you can pullout your capital and make some profit. 5 Trading sites would be great, Buy Low Sell High policy and always check the dump and pump.
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